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Efforts to establish a presidential library for former President Joe Biden have faced challenges due to limited fundraising, according to a report by The New York Times. Financial disclosures filed with the Internal Revenue Service show that Biden’s presidential library foundation projects it will raise approximately $11.3 million by the end of 2027.
The amount falls well short of the funding typically required to build a presidential library and manage presidential records.
The filings also indicate that the foundation did not receive new donations in 2024, Biden’s final year in office. Instead, its funding came from approximately $4 million in leftover funds from Biden’s 2021 presidential inauguration, according to the report.
The foundation declined to disclose how much money it raised in 2025 but said that Biden has only recently begun actively fundraising for the project, according to the Times. Biden’s aides also told the newspaper that the long-term fundraising goal for the presidential library is $200 million.
Amid the slow pace of fundraising, discussions have taken place about potentially merging a future Biden presidential library with existing Biden-affiliated institutions at the University of Delaware, according to The New York Times, which cited four people familiar with the matter.
The report also said some Democratic donors have expressed reluctance about contributing to the project, even if asked directly by Biden. Those donors cited a preference to focus their resources on opposing President Donald Trump’s agenda or lingering dissatisfaction with Biden’s single term in office.
John Morgan, a longtime Democratic donor, told the outlet that he would not contribute to the project, saying he felt mistreated by members of Biden’s staff.
“The Biden staff, they ruined any type of good library for him,” Morgan told the outlet. “He’ll be lucky to have a bookmobile.”
Kelly Scully, a spokeswoman for Biden, told the outlet “we continue to be in an exploratory and planning phase.” Biden has already attended a fundraiser for the library but the figures were not released right away.
Biden struggled through his speech before the International LGBTQ+ Leaders Conference in Washington, D.C., at one point declaring that “we’re the United States of Amerigotit.”
“We just have to get up. As long as we keep the faith … and remember who the hell we are. We’re the United States of Amerigotit, that’s who we are! We’re the U.S.!” Biden said. The former president told the assembled lawmakers and activists that it was time to “fight back” against the Trump administration, which he accused of violating the Constitution.
“All of us are dismayed by the present state of the union,” he added. “This is no time to give up. It’s time to get up. Get up and fight back. Get up. Continue to fight. And what’s the fight all about? … it’s about protecting the Constitution. It’s about protecting the Constitution.”
The former president further accused President Donald Trump and his supporters of attempting to “distort and derail our fight for equality” and “further divide the country,” according to a report from Fox News.
“They’re trying to turn it into something scary, something sinister. But folks, it’s really not about anything that’s all that complicated. At its core, it’s about making every American given the opportunity to be treated with basic decency, dignity, and respect they all deserve. That’s what every single American deserves, every American,” he said.
The previous week Biden made headlines again when members of the Trump administration criticized the former president for failing to make any progress on the Jan. 6 pipe bombing case.
FBI Director Kash Patel criticized the bureau’s lack of progress on the long-running investigation into the 2021 DNC and RNC pipe bomb case on Thursday, saying it reflected “sheer incompetence or complete intentional negligence” by the FBI under the Biden administration.
