*President Barack Obama plans to donate the $1.4 million from his Nobel Peace Prize to helping students, veterans’ families and survivors of Haiti’s earthquake, among others, drawing attention to organizations he said “do extraordinary work.”
Obama is giving a total of $750,000 to six groups that help kids go to college. Fisher House, which provides housing for families with loved ones at Veterans Administration hospitals, will receive $250,000, the White House said Thursday. And the Clinton-Bush Haiti Fund, for which two former presidents are raising money to rebuild earthquake-ravaged Haiti, will receive $200,000.
“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.”
President Obama was chosen for the Nobel award more for his aspirations and approach than his accomplishments thus far. The Nobel committee honored him for changing the tenor of international politics and for pursuing goals Obama says will require worldwide effort, such as nuclear disarmament and reversing global warming.
The president was surprised by the award, and aides said at the time he would donate the cash prize to charity.