Obama Gives His $1.4 Million Nobel Prize to Charities

President Barack Obama named 10 charities to share his $1.4 million Nobel Peace Prize, with causes ranging from wounded veterans to Haiti’s earthquake survivors and education for minorities. He had vowed to donate the prize money to charity after unexpectedly winning the prestigious prize last year, and his selection included some politically important domestic constituencies.

Following is a breakdown of Obama’s donations:

– $250,000 to Fisher House, a national nonprofit organization providing accommodation for families of patients receiving medical care at military and Department of Veterans Affairs medical centers.

– $200,000 to the Clinton-Bush Haiti Fund, which was set up in the aftermath of the Haitian earthquake to help survivors.

– $125,000 to College Summit, a national nonprofit organization to increase college enrollment rates.

– $125,000 to the Posse Foundation, which awards scholarships to promising public high school students.

– $125,000 to the United Negro College Fund.

– $125,000 to the Hispanic Scholarship Fund.

_ $125,000 to the American Indian College Fund.

– $125,000 to the Appalachian Leadership and Education Foundation.

– $100,000 to AfriCare, which promotes health, food security and access to water primarily in Africa.

– $100,000 to the Central Asia Institute, which education and literacy, especially for girls, in remote regions of Pakistan and Afghanistan.

Source: http://www.newsdaily.com


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