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Obama Library Foundation Is Formed

wochit news
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January 31, 2014 AT 12:00 PM
Top supporters of President Obama have created a foundation to select the cities and build the presidential library that will house Obama's records and artifacts. Three long-time supporters will head up the nonprofit Barack H. Obama Foundation: Marty Nesbitt, a close friend from Chicago; J. Kevin Poorman. president and CEO of PSP Capital Partners; and Julianna Smoot, a top official in the president's re-election campaign. White House spokesman Eric Schultz said Obama "is grateful to these individuals for taking on this project." According to the Associated Press, although it will start fundraising right away to cover its own costs, most of the money to build the library won't be raised until after Obama leaves the White House.