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January 16, 2015

Obama Foundation Donations Pick Up as Library Decision Nears

Fundraising by the nonprofit organization that will oversee President Obama's future library is picking up speed, with up to $4.4-million pledged during the last months of 2014, reports the Associated Press. The Barack Obama Foundation has raised as much as $6.2-million since launching early last year, according to records released Thursday.

The two biggest contributions to date, both in the $500,000 to $1-million range, have come from Obama supporters in Chicago, the president's home city and the site of two of the four finalists bidding the host the library. The president and Michelle Obama are expected to announce their decision on a site in the next few months.

Read why the Barack Obama Foundation is one of The Chronicle of Philanthropy's seven nonprofits to watch in 2015.