As he plots his exit from the White House in January 2017, President Barack Obama is privately mapping out plans for his Chicago-based presidential library and endowment that could cost as much as $1 billion, according to The New York Times:
The $1 billion — double what George W. Bush raised for his library and its various programs — would be used for what one adviser called a “digital-first” presidential library loaded with modern technologies, and to establish a foundation with a worldwide reach…
So far, Mr. Obama has raised just over $5.4 million from 12 donors, with gifts ranging from $100,000 to $1 million. Michael J. Sacks, a Chicago businessman, gave $666,666. Fred Eychaner, the founder of a Chicago television empire, donated $1 million. Mark T. Gallogly, a private equity executive, and James H. Simons, a technology entrepreneur, each contributed $340,000 to a foundation set up to oversee development of the library.
Besides fundraising, the president is also expected to focus on some of his signature issues, such as criminal justice reform, after he leaves the White House, writes The Times:
“His focus is on finishing this job completely, thoroughly,” said Valerie Jarrett, one of Mr. Obama’s closest confidantes inside the White House. But officials in the West Wing said the president’s thinking about some of his signature issues — including health care, economic inequality and fighting climate change — also involves considering their incorporation into his life after January 2017.
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