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April 25, 2016

Barack Obama Foundation Adds Three Board Members

Three major donors with close ties to the first family joined the Barack Obama Foundation as board members Thursday, reports the Chicago Sun-Times. New trustees Michael Sacks, John Rogers Jr., and Robert Wolf expand the board to 10 members as the foundation looks to raise hundreds of millions of dollars to build the Obama Presidential Center on Chicago's South Side.

Mr. Sacks is chairman and chief executive of GCM Grosvenor, an asset-management firm. Mr. Rogers is the founder and head of Ariel Investments. Mr. Wolf is the founder and CEO of financial consultancy 32 Advisors and chairman of Measure, a company that uses drones to gather data for business clients. Each, with family members, has given at least $100,000 to the foundation. Mr. Sacks' and Mr. Rogers' board roles will also include helping determine how the Obama museum and library will fit into the South Side community.