Despite launching his presidential library foundation a year ago, former President Joe Biden has struggled to raise substantial funds for the project, casting serious doubt on its future as a standalone institution.

According to a New York Times report , public filings and donor interviews reveal that the Joseph R. Biden Jr. Presidential Library Foundation expects to raise just $11.3 million by the end of 2027—a fraction of what is typically needed to construct a modern presidential library. No new donations were received in 2024, and the foundation’s seed money came from $4 million in leftover funds from Biden’s 2021 inauguration.

As of late 2025, Biden has yet to hold any major fundraising events for the library, with the first donor reception scheduled for this coming Monday i

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