Obama Donates $1.4 Million Nobel Prize to 10 Charities

This week, CBS reported what charities President Obama had chosen to donate his $1.4 million in Nobel Peace Prize money.

This list of recipients will get the money directly from the Nobel committee in order for the President to avoid the personal tax on prize, which will allow more money to go directly to these great causes:

The most money -- $250,000 -- went to Fisher House, which provides housing for families of patients being cared for at major military and VA medical centers.

The Clinton-Bush Haiti Fund, which raises money for long-term relief efforts in Haiti following that country's devastating earthquake, received $200,000.

$125,000 went to six different charities:

-- College Summit, which partners with schools with the goal of increasing college enrollment;

-- The Posse Foundation, which awards scholarships to "public high school students with extraordinary academic and leadership potential who may be overlooked by traditional college selection processes";

-- The United Negro College Fund, which offers scholarship and internship programs for more than 60,000 students per year;

-- The Hispanic Scholarship Fund, which awards scholarships and offers outreach support to the Hispanic community;

-- The Appalachian Leadership and Education Foundation, which offers scholarships and leadership curriculum to young people from Appalachia;

-- And the American Indian College Fund, which distributes scholarships to American Indian students and provides support for tribal college needs.

Two charities were awarded $100,000 each. One is AfriCare, which offers programs in Africa addressing health and HIV/AIDS, food security and agriculture, and water resource development. The other is the Central Asia Institute, which promotes education and literacy in remote areas of Pakistan and Afghanistan with a focus on education girls

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