{"id":2492006,"date":"2025-09-27T22:09:02","date_gmt":"2025-09-28T02:09:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/obama-foundation-neglects-chicago-taxpayers-with-funds-sent-to-tides-group\/"},"modified":"2025-09-27T22:12:15","modified_gmt":"2025-09-28T02:12:15","slug":"obama-foundation-neglects-chicago-taxpayers-with-funds-sent-to-tides-group","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/obama-foundation-neglects-chicago-taxpayers-with-funds-sent-to-tides-group\/","title":{"rendered":"Obama Foundation neglects Chicago taxpayers with funds sent to Tides group"},"content":{"rendered":"

22<\/div>SHARES<\/span><\/div>

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The article discusses concerns about the Obama Foundation’s handling of funds related to the Obama Presidential Center in Chicago. Even though the foundation pledged to create a $470 million reserve fund to protect taxpayers if the project fails, recent tax filings reveal<\/a> it has deposited only $1 million so far-just 0.21% of the pledged amount. Rather of funding the reserve, millions have been sent to the Tides Foundation, a network known for supporting various progressive causes and currently under scrutiny for backing groups promoting controversial activities.<\/p>\n

The Obama Presidential Center, planned as a multi-use campus honoring former President Barack Obama, has seen construction delays and cost increases-from an initial estimate of $330 million to over $850 million-raising fears that Chicago taxpayers may bear significant financial risk. Illinois GOP leaders have criticized the slow progress and underfunding of the reserve, calling the project an “abomination.”<\/p>\n

Additional grants from the Obama Foundation have gone to organizations like GoFundMe to support grassroots educational efforts. Despite financial challenges, the foundation has spent over $615 million on construction, with the center slated to open in spring 2026. The article highlights ongoing debate<\/a> about taxpayer exposure and the foundation’s financial management amid increasing costs<\/a> and delayed funding commitments.

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