George W. Bush has raised $500 million for his library located in Southern Methodist University, Dallas Texas. The library cost $250 million to build and the remaining money will be going to his foundation George W. Bush Institute. It will be dedicated on April 25 and will be opened to the public on May 1. Bush raised more money for his library than his two presidential bids combined.
There are now thirteen presidential libraries in the country. In 1955, Congress passed The Presidential Libraries Act of 1955 to encourage presidents to build a presidential library and to leave all their historical materials to their library to be administered by National Archives and Records Administration ( NARA ). With the exception of John F. Kennedy, Lyndon Johnson and Gerald Ford, every American president since Hoover chose to be buried at his presidential library.
Copyright 2013 Ketchie V. Schauf