President Obama Gives Nobel Money To Do-Gooder Groups

The White House has announced what President Barack Obama will do with the $1.4 million he received with his Nobel Peace Prize. As the White House announced shortly after last year's announcement that the president was awarded the prize, he is giving it all away.

The president will give the largest amount, $250,000, to Fisher House which provides places at military medical centers for families to stay as while service members receive care. The second largest amount, $200,000 will go to the Clinton Bush Haiti Fund headed up by former presidents Bill Clinton and George W. Bush.

A number of groups dedicated to getting minorities into college and retaining them there will receive $150,000 a piece.

Here's the list:

$250,000 to Fisher House

Fisher House is a national non-profit organization that provides housing for families of patients receiving medical care at major military and VA medical centers.

$200,000 to the Clinton-Bush Haiti Fund

In the wake of the devastating earthquake in Haiti, President Obama asked former Presidents George W. Bush and Bill Clinton to create the Clinton-Bush Haiti Fund to raise funds for long-term relief efforts in Haiti.

$125,000 to College Summit

College Summit is a national non-profit organization 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.

$125,000 to the Posse Foundation

The Posse Foundation is a national non-profit organization that identifies public high school students with extraordinary academic and leadership potential who may be overlooked by traditional college selection processes. Posse's college and university partners award Posse Scholars four-year, full-tuition leadership scholarships. The scholars graduate at a rate of 90 percent.

$125,000 to the United Negro College Fund

The United Negro College Fund plays a critical role in enabling more than 60,000 students each year to attend college through scholarship and internship programs.

$125,000 to the Hispanic Scholarship Fund

The Hispanic Scholarship Fund (HSF) is the nation's leading Hispanic scholarship organization, providing the Hispanic community more college scholarships and educational outreach support than any other organization in the country. In its 34 year history, the Hispanic Scholarship Fund has awarded close to $280M in scholarships to more than 90,000 students in need.

A non-profit organization funded by foundations and companies, ALEF supports and enables young men and women from Appalachia to pursue higher education though scholarship and leadership curriculum.

The American Indian College Fund transforms Indian higher education by funding and creating awareness of the unique, community-based accredited Tribal Colleges and Universities, offering students access to knowledge, skills, and cultural values which enhance their communities and the country as a whole. The Fund disburses approximately 6,000 scholarships annually for American Indian students seeking to better their lives through higher education. The Fund also provides support for tribal college needs, ranging from capital support to cultural preservation curricula.

$100,000 to AfriCare

AfriCare was founded in 1970 and has more projects in Africa than any other U.S. based charity, reaching communities in 25 countries, primarily in Sub-Saharan Africa. Its programs address needs in three principal areas: health and HIV/AIDS; food security and agriculture; and water resource development.

$100,000 to the Central Asia Institute

The Central Asia 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 girls' education in rural Afghanistan and Pakistan.

In a statement the president said:

"These organizations do extraordinary work in the United States and abroad helping students, veterans and countless others in need," said President Obama. "I'm proud to support their work."

Other winners of the Nobel Peace Prize have also given away their cash awards. In one of the best known cases, Rev. Martin Luther King Jr. donated the $54,123 he won to the civil-rights movement.

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