Former President Joseph R. Biden Jr. has raised a limited amount of funds for the construction of a presidential library, leading to uncertainty regarding its timeline and feasibility as an independent project. According to public filings and interviews with donors, Biden's library foundation reported no new donations in 2024, relying solely on $4 million from his 2021 inauguration.

The foundation has not disclosed its fundraising efforts for 2025, stating that Biden is just beginning to actively seek contributions. A donor event is scheduled for Monday in Georgetown, Washington, D.C. However, the foundation informed the Internal Revenue Service (IRS) that it anticipates raising only $11.3 million by the end of 2027, significantly less than the $200 million target set by Biden's aides and below the fundraising pace of other recent presidents.

Due to these fundraising challenges, discussions are reportedly taking place about potentially consolidating the Biden library with existing Biden-related institutions at the University of Delaware. This approach could leverage the funds already raised by the university for a project known as "Biden Hall."

Some of Biden's most dedicated supporters have indicated they have not been approached for donations, while other Democratic donors have expressed reluctance to contribute, citing a focus on opposing former President Donald Trump or dissatisfaction with Biden's presidency.