It must be nice to be Barack and Michelle Obama. No matter what you do, you can always count on the American media to have your back.
Case in point: the former first family just got $232 million richer. And no one said a thing.
Contributions to President Barack Obama’s foundation skyrocketed last year as the group hauled in more than $230 million, its most recent tax forms show.
The drastic increase in funds also coincided with hefty pay raises for its executives, with one individual pulling in more than $800,000 in total compensation.
The Barack Obama Foundation, a 501(c)(3) tax-exempt nonprofit that was launched in 2014 and carries a primary goal of building the Obama presidential center in Jackson Park on the South Side of Chicago, reported $231,993,748 in contributions and grants in 2017. This was an increase of more than $218 million from the $13 million in donations the foundation reported in 2016.
A majority of the foundation’s money last year came from just 13 undisclosed donors. Checks of $25 million were cut by four individual donors while two donors added $24 million each in contributions. Seven more pushed between $5 million and $10 million into the nonprofit’s coffers, its forms show. …
That’s $232 million dollars that will go toward the building of Barack Obama’s presidential library.
As a non-profit, of course, the group is limited to how it can spend the money. But that won’t keep the Obamas from spending it on themselves – in the form of a $200 million shrine to their time in the White House.
That’s what I love about the Obamas. They’re just like the rest of us.