Obama announces his Nobel Prize money to charities

Obama has announced that he`ll donate his USD 1.4mn Nobel Peace Prize award money among several charities.

Updated: Mar 12, 2010, 10:27 AM IST

Washington: US President Barack Obama
today announced that he`ll donate his USD 1.4 million Nobel
Peace Prize award money among several charities, including
USD 200,000 to the Clinton-Bush Haiti Fund and USD 250,000 to
Fisher House, which provides housing to families of patients
at military medical centers.

"These organisations do extraordinary work in the
United States and abroad helping students, veterans and
countless others in need," Obama said.

"I`m proud to support their work," he said in a

Obama said the Central Asia Institute would receive
USD 100,000. The institute promotes and supports
community-based education and literacy, especially for girls,
in remote regions of Pakistan and Afghanistan.

The Institute’s co-founder, Greg Mortenson, was also a
Nobel Peace Prize nominee this year, whose book, `Three Cups
of Tea: One Man?s Mission to Promote Peace, One School at a
Time`, recounts his attempt to successfully establish dozens
of schools and promote girl education in rural Afghanistan and

Among other organizations to receive Obama?s Noble
money include USD 125,000 to College Summit, which is a
national non-profit organisation that partners with elementary
and middle schools and school districts to strengthen
college-going culture and increase college enrollment rates,
so that all students graduate from high school career and
college-ready, the White House said in a statement.