Pamela Geller:
The Obama library is a massive money laundering operation designed to funnel tax free funds to the worst terrorist elements here and abroad.
Money Donated to Build Obama Eyesore Library Sent On To Terrorist Orgs and Soros Antisemitic Groups
Tides has also handled donations for Black Lives Matter Global Network Foundation, which sued the group in California Superior Court last year. It alleged “egregious mismanagement” of more than $33 million in their funds, according to court documents. That lawsuit is ongoing.
And what a money laundering operation it is. Obama’s ‘presidential’ library is almost a billion over budget and three years late. It has been in the works for eight years and only half done. Originally, it was supposed to cost $350 million, but the price tag escalated dramatically and is now over $800 million. And it will continue to climb.
As Breitbart News has reported, construction on the Obamas’ presidential library has been painfully slow, with the project’s cost rising from an original estimate of $330 million to at least $850 million.
Taxpayers Could End Up Footing the Bill for Obama Presidential Library
Chicago taxpayers could be on the hook for hundreds of millions of dollars for the costly Obama Presidential Center after new tax filings show the Obama Foundation has only deposited $1 million into its promised $470 million reserve fund.
That’s the conclusion of an in-depth report by Fox News as it looked at what it described as a “sweetheart deal” to create the reserve fund “to spare taxpayers should the project ever go belly up.”
The center will serve as Obama’s presidential library.
According to the report:
Under its agreement with the city, the [Obama] foundation was required to create the fund, known as an endowment, to take control of a sprawling 19.3-acre section of Jackson Park — often described as Chicago’s Central Park equivalent — where the complex is now slowly rising.
Millions of dollars sent to Barack Obama’s foundation has ended up being donated to a progressive fund that supported anti-Israel groups, accused of setting up encampments at Ivy League universities, according to public documents.
Donations to The Obama Foundation, set up by the former president to build a 19-acre campus including a museum, athletic facility and fruit and vegetable gardens in Chicago, totalling $2 million were instead sent on to Tides Foundation in 2022 and 2023, according to their latest available federal tax filings.
The cash was earmarked to “support local organizations that are working to reduce violence in communities,” according to the nonprofit’s filings.
Tides Foundation — also funded by Democratic mega donor George Soros — is a network which operates as a fiscal sponsor for groups that have not registered with the IRS as charities.
The third-party grant making group is currently under scrutiny by the House Ways and Means Committee for handling donations for anti-Israel groups such as the Adalah Justice Project, Samidoun and the People’s Forum. Such groups helped set up pro-Palestinian demonstrations and college encampments after the October 7, 2023 Hamas attacks on Israel that left 1,200 Israelis dead.
Tides has also handled donations for Black Lives Matter Global Network Foundation, which sued the group in California Superior Court last year. It alleged “egregious mismanagement” of more than $33 million in their funds, according to court documents. That lawsuit is ongoing.
In addition to sending donations to Tides, the Obama Foundation has also sent more than $3 million in 2022 and 2023 in grants to Gofundme.org for undisclosed “grassroots leaders to empower girls through education,” according to the group’s filings.
Meanwhile, the foundation admitted it has so far spent more than $615 million building the Obama Presidential Center, which is scheduled to open in spring 2026, according to its website.
The group, which received just $129,320 in donations in 2022, spent more than $27 million on salaries.