President Joe Biden faces significant challenges in securing funding for his presidential library, a project that has yet to gain traction. Despite the historical precedent of former presidents establishing libraries, Biden’s efforts have been hampered by a lack of financial support, raising questions about the necessity and funding of such institutions.
While Biden’s presidential library is still in the planning stages, the financial aspects are drawing scrutiny. In contrast to the more modest $1.7 million library established for former President Harry S. Truman in 1957, Biden’s library is expected to follow in the footsteps of the more extravagant projects initiated by recent presidents. For example, the library for former President Barack Obama has an estimated cost of $1 billion and is set to open in 2026. This library, located in Chicago, is notable for its grand design, featuring amenities such as a basketball court.
Biden’s library foundation has struggled to attract donations, garnering little support even during 2024, a year when he still held considerable influence. According to The New York Times, the foundation was initially funded with $4 million leftover from his inauguration expenses. Currently, the foundation is led by Rufus Gifford, a former ambassador to Denmark and an associate of Obama. Gifford’s previous political experience includes an unsuccessful bid for Congress in Massachusetts.
The lack of contributions to Biden’s library has prompted speculation about potential fundraising strategies. One outlandish suggestion is for Biden to seek donations from the undocumented immigrant community, which has seen a significant increase during his presidency. Estimates suggest that Biden has allowed approximately 20 million undocumented immigrants into the country. While the proposal to collect donations of $10 per individual is controversial, it underscores the desperation of the current situation.
In light of these challenges, some have humorously suggested that Biden could seek assistance from Obama, perhaps by offering him a small space within the Obama library. This suggestion highlights the camaraderie established during their eight years together in office.
As Biden continues to navigate these obstacles, the future of his presidential library remains uncertain. The contrast between his proposed library and those of predecessors raises broader questions about the role and funding of presidential libraries in modern America. Ultimately, Biden’s ability to raise funds will determine whether he can establish a legacy that reflects his time in office or if he will remain overshadowed by the financial successes of those who came before him.
