The Chicago-based Obama Foundation raised $311.4 million in 2022, the most it has raised in a single year to date.

The total is a significant increase compared to 2021, when it raised $160.21 million. According to the foundation’s 2022 IRS filing and annual report, two major donors contributed to the fundraising success in 2022: Brian Chesky of Airbnb and Jeff Bezos, founder of Amazon. Each tech mogul gave $100 million toward programming. In addition, 57,000 other donors contributed last year as well.

The foundation spent the bulk of its 2022 revenue on construction costs for the presidential center in Jackson Park. According to the report, construction costs totaled $222 million in 2022, up from $144.5 million the year before. In total, construction of the center is estimated to cost approximately $700 million.

The foundation’s CEO, Valerie Jarrett, received a larger compensation package in 2022, which jumped to $754,064 from $592,905 in 2021. Since its inception in 2014, the foundation has raised $1.1 billion, according to its records.

(Photo credit: Getty Images/Urban Alliance Photos)