CHICAGO — Former President Barack Obama’s foundation set a goal last summer of raising $1.6 billion between 2021 and 2026 to pay for construction of his presidential center and an endowment to sustain it for years to come.
The foundation’s total revenue for 2021 of $160 million, almost all of it from fundraising, only gets it 10% of the way there, according to the foundation’s annual report, which is traditionally released each August.
It was the second lowest revenue total the foundation has recorded since its founding, according to the report. The lowest total was in 2019, when revenues amounted to $139 million. Two years earlier the foundation recorded its highest revenue, $232 million.
