Exelon, Microsoft among latest donors to Obama Foundation

[WestVirginiaRebel]

Chicago Tribune

Technology and energy companies have joined the list of top donors to the Obama Foundation, which on Friday made public the names of more than 100 patrons from the last three months.

Exelon and Microsoft have given more than a million dollars to the foundation, which was founded in 2014 but boosted its fundraising efforts after President Barack Obama left the White House.

William Van Hoene Jr., a senior vice executive president at Exelon, helps lead the foundation's efforts to promote diversity and inclusion. Reid Hoffman, a venture capitalist known for creating LinkedIn who has himself given more than a million dollars to the foundation, sits on the board of Microsoft.

The list of new million-dollar-plus donors also includes at least one anonymous contributor who channeled money through a donor-advised fund managed by The New York Community Trust.

In addition to Hoffman and wife Michelle Yee, two other philanthropists who previously donated have now given more than $1 million: billionaire David Shaw and wife Beth, who advised Obama on financial capability; and through their family foundation, Debbie and Glenn Hutchins, who co-founded a private equity firm specializing in technology and technology-enabled companies such as Skype.

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Funding the failed legacy.