Obama picks charities to which he'll donate Nobel prize cash award
Three months after receiving the Nobel Peace Prize, President Obama announced Thursday the 10 charities that will benefit from his $1.4 million cash award.
In a statement issued by the White House, Obama said: "These organizations do extraordinary work in the United States and abroad helping students, veterans and countless others in need. I'm proud to support their work."
In October, when Obama became the third sitting U.S. president to win the award, he pledged to give the cash prize to charity. He formally accepted the prize in a December ceremony in Oslo.
The largest share of the Nobel funds, $250,000, will go to Fisher House, which provides housing for families of patients receiving medical care at major military and Department of Veterans Affairs medical centers.
About $200,000 will go to the Clinton Bush Haiti Fund, which is raising money for long-term relief efforts in that country after the devastating earthquake.
Six charities working to prepare students for higher education and help them pay for it will each get $125,000: the American Indian College Fund, the Appalachian Leadership and Education Foundation, College Summit, the Hispanic Scholarship Fund, the Posse Foundation and the United Negro College Fund.
And two charities involved in global outreach will each receive $100,000: Africare and the Central Asia Institute.