FXP News: Obama Donates Nobel Peace Prize Winnings

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When President Obama won the Nobel Peace Prize in early October of 2009 many supporters and naysayers alike were stunned that he won such a top honor so early into his presidency. Even more important, everyone wanted to know what he was going to do with the $1.4 million that went along with the prestigious medal. Now we know.

According to Black Voices.com:

Several very worthwhile charities will benefit from the $1.4 million award that comes with the prize, including six groups that help kids get to college, Haitian relief efforts and the place where soldiers killed overseas are returned to.

“These organizations do extraordinary work in the United States and abroad helping students, veterans and countless others in need,” Obama said in a statement. “I’m proud to support their work.”

Below is a listing of all of the charities that will receive monies:

$250,000:

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 center.

$200,000:

The Clinton-Bush Haiti Fund: Created by former presidents Bill Clinton and George W.Bush in response to the devastating Haiti Earthquake.

$125,000:

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 scholarships and internship programs.

College Summit: a national nonprofit that works with elementary and middle school students to boost college enrollment rates.

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.

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.

Appalachian Leadership and Education Foundation: 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.

American Indian College Fund: 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.

$100,000:

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.

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.

[Source]

Jenifer Moore contributed to this report

Tagged as: Nobel Peace Prize, Obama

Article by FreshXpress Staff

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