Joe Biden is struggling to raise funds for his presidential library, facing significant challenges as he seeks financial support. The situation raises questions about the broader practice of constructing presidential libraries, which often involve substantial costs and private donations. As Biden navigates this process, comparisons with past presidents highlight the evolving nature of these institutions.
Presidential Libraries: A Costly Tradition
Presidential libraries have become a hallmark of former leaders in the United States, yet the rationale behind their expense deserves scrutiny. Unlike past presidents who received modest libraries, such as Harry S. Truman, whose facility opened in 1957 at a cost of $1.7 million, modern libraries have escalated in scale and expense. For example, Barack Obama’s library, set to open in 2026, is projected to cost around $1 billion and features unique amenities, including a basketball court.
In contrast, Biden’s attempts at fundraising have faltered, with his library foundation reportedly receiving no donations in the past year. According to The New York Times, the foundation was initially funded with $4 million from leftover inauguration funds. Currently, the foundation is led by Rufus Gifford, a former ambassador and established fundraiser, who now faces the task of revitalizing the fundraising effort.
Exploring Funding Solutions
The lack of interest in Biden’s library can be attributed to a variety of factors, including his standing as president. As he navigates his final years in office, the perception of his presidency as one of the least favorable in modern history may hinder his fundraising efforts. While suggestions like hosting a garage sale have been made in jest, they underscore the seriousness of his situation.
Some suggest that Biden could benefit from leveraging his relationship with Obama. While a financial bailout from the former president is unlikely, collaboration for a shared space might be a creative solution. A suggestion has been made for Biden to consider a small section within Obama’s expansive library, acknowledging their eight years of partnership.
In addition, tapping into unconventional sources for funding has been proposed. As Biden’s administration has seen a significant influx of undocumented immigrants, a plan to solicit donations from this community could potentially yield substantial contributions. If even a modest sum of $10 per person were raised from the estimated 20 million undocumented immigrants in the U.S., it could generate around $200 million for the library.
Biden’s efforts to secure funding for his presidential library reflect a broader dialogue about the legacy of presidential administrations and the role of public support in their memorialization. As he continues to seek financial assistance, the outcome will likely influence how future presidents approach their legacies.