Wednesday, 10 April 2013

George Bush $500 Million For Presidential Library

George Bush $500 Million For Presidential Library, Former President George W. Bush has raised more than $500 million for his presidential library set to open later this month.

“It was our goal to raise $500 million by the time the George W. Bush Presidential Center was dedicated, and we reached that goal,” Mark Langdale, president of the George W. Bush Center, tells Time Magazine’s Zeke Miller.

That total means Bush has emerged as one of the most successful postpresidency fundraisers. By comparison, former President Bill Clinton had barely raised the $165 million to cover the cost of his presidential library when it opened in Little Rock in 2004—though he has gone on to raise hundreds of millions of dollars in recent years for his foundation.

The Bush library, which will be dedicated on April 25 and opened to the public on May 1, cost an estimated $250 million to build. According to officials, the money Bush has raised will go toward the construction and operating costs of the library, which is located on the campus of Southern Methodist University. The rest will go to the George W. Bush Institute, a public policy foundation.