Obama Center’s $470M “Safety Net” a Sham? Taxpayers Face Millions in Risk as Subcontractors Go Unpaid

In addition, Omar Shareef, the president of the African American Contractors Association, told Fox News Digital outside the center last Saturday that several Black-owned contractors are also in financial difficulty due to the project.

The claims raise fresh worries about the center’s long-term financial sustainability because an endowment is intended to provide a permanent source of income that can help fund future operations and cushion against financial stress. Endowments are typically invested, with a portion of the earnings used to support an institution over time.