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    Obama Foundation revenues down in 2021 amid pandemic, delays in approval for construction

    by A.D. Quig, Chicago Tribune Aug 11, 2022 3 minutes
    Former President Barack Obama speaks during the ceremony for the official groundbreaking of the Obama Presidential Center on Sept. 28, 2021.

    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.

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