On April 30, 2015, many media outlets, including the Washington Post and Chicago Sun-Times, reported that President Barack Obama plans to announce that his future Presidential Library and Museum will be located on the South Side of Chicago. The bid to locate the library on Chicago's South Side was submitted by the University of Chicago, which was competing with proposals from the University of Illinois at Chicago, Columbia University in New York City, and the University of Hawaii in Honolulu. Presidential libraries are managed by the National Archives and Records Administration (NARA). This proposed presidential library would be the official depository for the presidential records from the Obama Administration. Although the library will likely be owned and administered by the federal government, the review of proposals for the library's location and design was facilitated by the Barack Obama Foundation, a private, tax-exempt charity established in January 2014. This foundation is comparable to the private organizations involved with the design and construction of other presidential libraries. Like other presidential foundations, the Barack Obama Foundation is responsible for partnering with NARA and providing a substantial part of the funding for any future library structures. Unlike the other foundations, however, the Barack Obama Foundation will be the first to support a presidential library established since the enactment of the Presidential Historical Records Preservation Act of 2008, which requires higher levels of private financing.
Date of Report: 5/1/2015
Order Number: IN10270
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