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Obama gives $1.4 million Nobel prize to 10 charities
President and Nobel Peace Prize laureate Barack Obama laughs after receiving his medal and diploma from Nobel committee chairman Thorbjorn Jagland at the Nobel Peace Prize ceremony at City Hall in Oslo in this December 10, 2009 file photo.
Credit: Reuters/John McConnico/Pool
WASHINGTON |
WASHINGTON (Reuters) - President Barack Obama on Thursday 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.
"These organizations do extraordinary work in the United States and abroad helping students and veterans and countless others in need," Obama said in a statement.
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.
The White House said $250,000, the largest single amount, will go to Fisher House, which houses families of wounded veterans while they receive treatment.
This was followed by a $200,000 donation to the Clinton-Bush Haiti Fund, set up by former Presidents Bill Clinton and George W. Bush at Obama's request to help survivors of Haiti's January earthquake.
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.
(Reporting by Alister Bull; editing by Mohammad Zargham)
Central Asian Institute is run by Greg Mortenson who wrote Three Cups of Tea an excellent choice
So I wonder how much interest has accrued while he was making his decision about the charities. Not a bad little deal for BHO there, especially since most people thought that he donated it back in January.
i did not for for obama but…..i think the coaches comment is rather childish.
What else was he going to do with the money? Pay down the soaring debt balance at the US Treasury?
Storyburn moctod
What is your problem TheCoach817? He donated it all to charity. Are you claiming that he held onto it for a month to pocket accrued interest? Man, I feel sorry for you.
TheCoach817 is typical of the attitude towards President Obama in Washington…for those types he can’t do anything right even when it means winning the Nobel Peace Prize and donating all of the winnings to charities. And they can’t ever offer an alternative to how they think it shoulda/woulda/coulda been done better!
I am troubled that he is over concerned with the young.
If the parents are not working and cannot keep a roof over their families heads it will not matter if the kids have PHDs or not.
The only decant paying work is government work and their salaries come from taxes?
What will they do when the revenue dries up?
Speaking of taxes- is Nobel Prize money tax free? Shouldn’t about 400,000 of that be going to the IRS?
AFRICARE?? Really? Africa would have been better off if he would have given the money to MSF (Doctors Without Borders)
Unless leaving people to starve and wait to be registered outside of a refugee camp is cool then sure give the money to Africare… but if you want to help, MSF.
