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Robert Longley

Obama Donates Nobel Prize Money to Charities

By March 15, 2010

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When President Obama shocked the world by winning a Nobel peace prize while still in his first term, he promised to donate the $1.4 million prize money to charity. Now the White House has released a list of the charities that will share in that donation.

Among the 10 charities chosen, Fisher House, an organization that provides housing for families of patients receiving medical care at major military and VA medical centers will get $250,000 and the Clinton-Bush Haiti earthquake relief fund will get $200,000.

The other eight charities, receiving from $100,000 to $125,000 each include; College Summit, the Posse Foundation, the United Negro College Fund, the Hispanic Scholarship Fund, the Appalachian Leadership and Education Foundation, the American Indian College Fund, AfriCare and the Central Asia Institute.

"These organizations do extraordinary work in the United States and abroad helping students, veterans and countless others in need," said President Obama in a press release. "I'm proud to support their work."

The Norwegian Nobel Peace Prize Committee awarded Obama the Peace prize in October 2009, for creating "a new climate in international politics."

Also See:
Mixed Reviews on Obama's Peace Prize
Obama's Highly Questionable Nobel Peace Prize
Did Nobel Committee Fear Obama's Premature Death?

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