Former US President George W. Bush has accumulated $500 million to finance the George W. Bush presidential library, museum and institute, with the facilities being parts of nearly 25 acres on the campus of the Southern Methodist University (SMU) in Dallas, Texas. The former Republican President’s presidential library will be a part of the George W. Bush Presidential Centre, which will also consist of a museum as well as the George W. Bush Policy Institute and the offices of the ex-President’s Foundation. The dedication of the former President’s museum and library is supposed to occur on April 25 in Dallas in a ceremony featuring all five living former US Presidents and their wives.
The Centre’s President, Mark Langdale, has expressed to TIME that the objective of raising $500 million by the time of the dedication of the facility was one of the goals of the Centre. As per Mark Langdale, half of the raised money was spent to construct the George W. Bush Presidential Centre itself. A fragment of the raised funds will go to the federal government as a compulsory endowment. The George W. Bush Presidential Centre’s head also remarked that another fragment of the accumulated funds will go to the SMU as an endowment that is meant to solidify the Centre’s relationship with the SMU programmes.
The remainder of the funds, most of which is given over time in long-term pledges, presents a robust financial foundation to construct the George W. Bush Institute, voiced the Centre’s President. The Institute will advocate the advancement of freedom and the principles, which have guided the President and his wife, Laura, in their service to the nation.
The funding milestone makes George W. Bush, who exited the White House in 2008 after two controversial terms as President involving the Afghanistan and Iraq wars, the most successful fundraiser among former Presidents at this phase in his post-White House life.
Meanwhile, the former Democrat President Bill Clinton had barely accumulated the $165 million needed to cover the cost of his presidential library when it opened in 2004 in Little Rock, Arkansas.