Obama announces his Nobel Prize money to charities

Obama announces his Nobel Prize money to charities 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 statement.

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 Pakistan.

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.