Biden Presidential Library Fundraising Collapses as Donors Abandon Project

By Larry Bell

The Biden presidential library fundraising campaign is facing a critical collapse after initial funding from $4 million in the 2021 inauguration stash yielded no new contributions throughout 2024.

According to recent reports, the Biden foundation had projected raising $11.3 million by the end of 2027—a figure far below the original target of $200 million publicly stated by his aides. Efforts are reportedly underway to merge the library project with an existing “Biden Hall” at the University of Delaware, which the foundation hopes will leverage millions already secured by the university. However, many former donors have expressed reluctance to contribute, citing their focus on defeating Trump or dissatisfaction with Biden’s presidency.

Former Florida-based personal injury lawyer John Morgan, a longtime Democratic donor and key supporter of Biden, stated he would not contribute further to the library due to poor treatment from Biden’s staff. Morgan also requested an $800,000 refund for funds previously raised for Kamala Harris as the Democrats’ replacement nominee.

DNC fundraising chair Chris Korge noted that many major donors have voiced frustration over their lack of communication with campaign officials and concerns about Biden’s mental health, which became publicly apparent during his June 2024 televised debate with former President Trump.

In contrast, Bill Clinton’s presidential library effort secured approximately $165 million in private funding, including $10 million from Saudi Arabia, while Barack Obama’s Chicago project has already cost an estimated $850 million.