President Joe Biden’s recent attempts to gather funds for his presidential library appear to be facing challenges in attracting Democratic donors, as reported. Several former Biden donors and fundraisers interviewed by NBC News indicated that while they aren’t actively opposed to him, many are hesitant to contribute significantly or at all.
Donors have pointed to various reasons for their reluctance. Some expressed concerns about prioritizing funds for the Democratic party’s future while others mentioned uncomfortable interactions with Biden’s close aides, which they believe could hamper fundraising efforts for the library. One donor simply remarked to NBC News, “I want him to have a great library. I don’t think it’s where I spend my money.”
A report indicated that an event hosted by Kamala Harris to boost fundraising for the Democratic National Committee did not meet expectations. One donor even stated “nothing” in response to inquiries about their giving to the library. Biden has also sparked frustration among party members for his choice to run for re-election, despite past health issues that raised concerns about his fitness for office, especially after a debate with Trump last summer. Following Biden’s decision, Harris secured the party’s nomination but lost against Trump in November.
Personal injury lawyer John Morgan expressed his dissatisfaction with the situation, jokingly asking for an $800,000 refund for the funds he had previously raised for Biden, whom he had approached about Harris last year. Another leading party donor, Susie Buell, commented that she hadn’t been solicited for contributions and lacks any inclination to donate to the library.
Rufus Gifford, who heads the Library Committee, remains optimistic about future donations, drawing on his experience as a finance director for former President Barack Obama. Gifford stated, “We, who have not only loved the man for a while but also understood the big picture, want to see what we can do to protect and promote his legacy,” adding that the initiative is focused on the future, not just the past.
A source familiar with Biden’s fundraising ambitions noted that the goal is to raise between $200 million and $300 million. For context, the Obama Presidential Library, set to open in Chicago, comes with a price tag of $850 million. Meanwhile, Trump has garnered millions for his own library endeavors, highlighting the scrutiny both he and Biden face from Democrats.
Some donors, like Morgan, are skeptical about whether significant structures will materialize, pointing to Biden’s age and health issues as potential obstacles. He further noted the internal dissent within the party regarding Biden’s re-election bid, stating it feels like “Hindenburg headed straight towards us.”
Donor concerns were compounded by frustrations over Biden’s accessibility during his presidency, with some reporting that they were asked for financial support but felt disregarded when seeking his attention. The potential threat of becoming a target for Trump was also highlighted as a significant deterrent for many Democratic donors. Chris Corge, the Democratic National Committee’s fundraising chair, remarked on the difficulty of raising large donations in light of Trump’s vindictive nature, suggesting Biden’s team might consider shifting their focus away from the second term to concentrate on securing library funds.
