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Report Highlights Valerie Jarrett’s Role and Pay During Obama Presidential Center Project

Valerie Jarrett earned $740,000 in 2024 as CEO while the Obama Foundation's salaries rose to $43.7 million with 337 staff ahead of the $850 million center opening.

  • Federal tax filings through 2024 show CEO Valerie Jarrett of the Obama Foundation earned $740,000 in 2024, more than any presidential foundation leader, as the $850 million Obama Presidential Center nears completion on Chicago's 19.3-acre Jackson Park site.
  • After securing a 99-year operating agreement with Chicago and raising hundreds of millions, the Obama Foundation expanded to 337 employees and increased total compensation as it prepared to open and operate the massive campus.
  • Payroll records show salaries and benefits rose from $18.5 million in 2018 to $43.7 million in 2024. Six of the foundation's 10 highest-paid executives held senior Obama administration roles, including David Simas, who earned up to $626,000.
  • The opening ceremony is set for June 18, with public opening June 19. The foundation says the center will add 150 full-time jobs and expects roughly 600,000 annual visitors, boosting the South Side economy.
  • Watchdogs and critics have raised transparency concerns, with Laurie Styron, CEO of CharityWatch, warning that politically connected nonprofits risk nepotism. Financial filings show the foundation reported more than $1.1 billion in assets but deposited only approximately $1 million toward a $470 million endowment.
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The scandalous-weathered Obama Presidential Center is causing excitement in Chicago. It's all about incredible sums, a dubious plot deal and the question: How shamelessly does the inner circle of former President Barack Obama take off? Barack Obama is back in the media spotlight again. New tax records now reveal the almost obscene salaries flowing through the Obama Foundation, while the construction of the $850 million prestige project in Jackso…

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abc 7 Chicago broke the news in Chicago, United States on Tuesday, March 10, 2026.
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