Overview

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Est.

2014

Latest Fiscal Year

Not available

Organization Type

Grantseeker

990s

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2024
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2023
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2022
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AI Summary

THE BARACK OBAMA FOUNDATION is a nonprofit focused on historical activities, with a mission to inspire, empower, and connect people to change their world and honor the legacy of President Obama. In filing year 2024, it reported an operating budget of $80.1M and total revenue of $209.8M, with major support from the BILL & MELINDA GATES FOUNDATION, the HUTCHINS FAMILY FOUNDATION INC C/O GLENN H HUTCHINS, and the HOBSONLUCAS FAMILY FOUNDATION.

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Mission Statement

TO INSPIRE, EMPOWER, AND CONNECT PEOPLE TO CHANGE THEIR WORLD AND TO HONOR THE LEGACY OF PRESIDENT.

Cause Areas

1
Historical activities
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Financials

2024
Revenues
$209.8M
Expenses
$91.4M
Net Income:
+$118.3M
Assets
$1.1B
Liabilities
$34.9M
Net Assets:
+$1.1B

Financial Trends

2024
Operating Budget
$80.1M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Top Funders

Funder
Total Funding
Funding Share
Logo for "FIDELITY INVESTMENTS CHARITABLE GIFT FUND"
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
BOSTON, MA, US
$60.5M
< 1%
GS DONOR ADVISED PHILANTHROPY FUND FOR WEALTH MANAGEMENT INC
New York, NY, US
$49.5M
< 1%
Logo for "NATIONAL PHILANTHROPIC TRUST"
NATIONAL PHILANTHROPIC TRUST
JENKINTOWN, PA, US
$43.1M
< 1%

Grants Received

2024
Total No. of Grants
134
Median grant size
$50K
Largest grant received
$20.7M

Board & Team

V
Valerie Jarrett
Board Member
A
Ammar Rizki
Board Member
M
Martin H Nesbitt
Board Member
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  • 332 funders
  • 68 board & team members
  • 11 historic 990s & financials
  • 6-year operating budget trend
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Frequently Asked Questions

What is THE BARACK OBAMA FOUNDATION’s budget?
In 2024, THE BARACK OBAMA FOUNDATION reported an annual operating budget of around $80.1 million. More detailed financial information is available to registered users.
What causes does THE BARACK OBAMA FOUNDATION support?
THE BARACK OBAMA FOUNDATION supports work in Historical activities.
Where does THE BARACK OBAMA FOUNDATION operate?
THE BARACK OBAMA FOUNDATION is headquartered in Chicago, IL.
Who funded THE BARACK OBAMA FOUNDATION recently?
In 2025, THE BARACK OBAMA FOUNDATION received grants from CHARITIES AID FOUNDATION AMERICA, Boston Foundation, Inc, and Boston Foundation, Inc. More information on this organization’s funders is available to registered users.
What is the largest grant THE BARACK OBAMA FOUNDATION received in 2024?
The largest grant to THE BARACK OBAMA FOUNDATION in 2024 exceeds $20.7 million.