(BLOOMBERG) About $225,000 dollars a day. That’s a ballpark estimate for how much President Barack Obama and his supporters need to raise for his presidential library, assuming $500 million in expenses and a desire to pay the tab within four years of leaving office.
With his last midterm election behind him, Obama will start to focus more on the project next year, as he begins to decide how he wants his legacy showcased. The president, first lady and current White House staff won’t be actively fundraising until he leaves office, although others will be starting that work.
“It’s a huge fundraising campaign,” said Benjamin Hufbauer, a University of Louisville professor and author on presidential libraries. “President Clinton and the second President Bush both did pretty extensive fundraising in their last year in office and that really gave them a head start.”
