Obama gives away $1.4M Nobel prize

The president distributes his prize money among charities and organizations

By Associated Press
Published March 11, 2010 8:56PM (EST)

President Barack Obama has announced which groups will get the $1.4 million he received for winning the Nobel Peace Prize.

Obama said Thursday that $250,000 will go to Fisher House, a national nonprofit that houses families whose loved ones are receiving care at Veterans Administration medical centers. He will give another $200,000 to the Bush-Clinton Haiti Fund to help the country recover from the earthquake.

The balance will go to an array of other groups including education foundations, scholarship funds and regional development groups in Africa and Central Asia.

Associated Press

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