Civics: “Fundraising at this scale is expensive”

Sun Times:

The new 990 report shows that since the foundation was created in 2014, when Obama was still in office, the foundation has raised $866.4 million

The foundation reported on its 990 that in 2021, the Obama Foundation collected $159.6 million in contributions and grants. That’s down from 2020 when the foundation gained $171 million in gifts…. (snip)

Fundraising at this scale is expensive: Overall, 21.95% of the foundation operating expenses were for fundraising, with 54.8% on programs and 23.22% on general administration.

More, here: