Despite launching his presidential library foundation a year ago, former President Joe Biden has struggled to raise substantial funds for the project, casting serious doubt on its future as a standalone institution.

According to a New York Times report , public filings and donor interviews reveal that the Joseph R. Biden Jr. Presidential Library Foundation expects to raise just $11.3 million by the end of 2027—a fraction of what is typically needed to construct a modern presidential library. No new donations were received in 2024, and the foundation’s seed money came from $4 million in leftover funds from Biden’s 2021 inauguration.

As of late…

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