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James Simons
Obama library foundation raised $5.4 million in 2014

The nonprofit foundation raising money for President Barack Obama's future library in Chicago took in more than $5.4 million in 2014, according to the organization's tax returns. The money comes from just 11 donors, many of them longtime Obama supporters from Chicago where the library will be located. The Barack Obama Foundation's largest contribution of $1 million came from Fred Eychaner, a major Democratic donor and founder of Chicago-based Newsweb Corp. The foundation also received a $1 million pledge from the Joyce Foundation, a Chicago-based nonprofit on whose board Obama served before he ran for the U.S. Senate. The Joyce Foundation is making its money available in...