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The Obamas Just Got $232 Million Richer Right Under Our Noses And Here’s How They Did It

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.

From The Washington Free Beacon:

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.

 

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