Efforts to cement former President Joe Biden's time in office with the presidential library are in jeopardy due to insufficient fundraising, according to The New York Times.
Biden The library foundation has told the Internal Revenue Service (IRS) that it expects to earn just $11.3 million by the end of 2027, which is not enough for traditional legacy building and records management. project for each of the country's leaders, The New York Times reported. IRS filings also reportedly show the organization failed to raise any new donations in 2024, the final year of Biden's only term in office. Instead, it was allocated solely to the $4 million remaining after his 2021 inauguration, according to the publication. (RELATED: Former White House Chief Reveals New Details About Biden's Cognitive Decline)
A spokesman for the Biden Presidential Library Foundation did not immediately respond to the Daily Caller News Foundation's request for comment.
The library foundation declined to say how much money it has raised in 2025, but said Biden is just now starting to actively raise money for the project, The New York Times reported. Moreover, according to the publication, Biden aides said they have a goal of eventually raising $200 million for the project.
BOSTON, MASSACHUSETTS – OCTOBER 26: Former US President Joe Biden waves before leaving the Edward Kennedy Institute on October 26, 2025 in Boston, Massachusetts. Former President Joe Biden was honored with a lifetime achievement award. (Photo by Scott Eisen/Getty Images)
Partially due to weak fundraisingNegotiations were recently underway to merge a potential Biden presidential library with pre-existing Biden-linked institutions located at the University of Delaware, the outlet reported, citing four anonymous sources familiar with the matter.
In addition, some Democratic donors have acknowledged that they would be skeptical about the prospect of donating money to Biden's presidential library — even if Biden asked them directly — because they either prioritize fighting President Donald Trump's agenda instead or still have problems with Biden's only term as president.
John Morgan, a longtime Democratic Party donor, told The New York Times that he would not give “not a dime” to Biden's presidential library, citing his mistreatment by some members of the former president's administration.
“Biden’s staff ruined any good library he had,” Morgan told the publication. “He’ll be lucky if he has a bookmobile.”
Kelly Sculley, Biden's press secretary, told the publication that “we continue to be in the study and planning phase.” Biden is set to attend the first fundraising event for his presidential library project on Monday, the newspaper reported. reported December 4.
Former President Barack Obama said this in a recent social media post. mail that its presidential center in Chicago would open in June 2026. Trump told reporters in October, he believed that Obama's stalled presidential library project “not too pretty.”
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