Efforts to establish a presidential library for former President Joe Biden have faced significant fundraising challenges, according to a report by The New York Times. Financial disclosures filed with the Internal Revenue Service indicate that the Biden presidential library foundation expects to raise about $11.3 million by the end of 2027, far below the amount typically required to build and operate a presidential library. The filings also show that the foundation received no new donations in 2024, instead relying on roughly $4 million in leftover funds from Biden’s 2021 inauguration. While the foundation declined to disclose 2025 figures, aides said Biden has only recently begun active fundraising, with a long-term goal of $200 million.
Amid the slow pace, discussions have reportedly taken place about merging a future Biden library with existing Biden-affiliated institutions at the University of Delaware. The report also noted hesitation among some Democratic donors, who said they prefer to focus on opposing President Donald Trump’s agenda or remain dissatisfied with Biden’s single term. Longtime Democratic donor John Morgan said he would not contribute, citing poor treatment by Biden’s staff. A Biden spokesperson said the project remains in an exploratory and planning phase.
Separately, Biden has remained active in public appearances, recently delivering a speech at the International LGBTQ+ Leaders Conference criticizing the Trump administration and urging supporters to “fight back” to protect the Constitution. He also accused Trump and his supporters of undermining equality and dividing the country, while the administration has faced renewed criticism over unresolved investigations dating back to Biden’s presidency.