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Obama donates Nobel Peace Prize money
Thursday, 11 March 2010, 18:39 Hrs
Washington: U.S. President Barack Obama has donated the $1.4 million that came with winning the Nobel Peace Prize to charity, the White House said Thursday.
Obama divided the money up among 10 charities, with Fisher House, a non-profit that provides housing for families of patients being treated at military and veteran hospital, receiving the most at $250,000.
The Haiti relief fund set up by former presidents Bill Clinton and George W. Bush will receive $200,000.
The rest of the money will go to the College Summit, Posse Foundation, United Negro College Fund, Hispanic Scholarship Fund, Appalachian Leadership and Education Foundation, American Indian College Fund, AfriCare and the Central Asia Institute.
The Central Asia Institute promotes community based education and literacy in remote regions of Afghanistan and Pakistan, with a special focus on girls.
The Nobel committee awarded Obama the prize in October, pointing to the change of tone in Washington but prompting critics to question the pick less than a year into his presidency.
Source: IANS
Obama divided the money up among 10 charities, with Fisher House, a non-profit that provides housing for families of patients being treated at military and veteran hospital, receiving the most at $250,000.
The Haiti relief fund set up by former presidents Bill Clinton and George W. Bush will receive $200,000.
The rest of the money will go to the College Summit, Posse Foundation, United Negro College Fund, Hispanic Scholarship Fund, Appalachian Leadership and Education Foundation, American Indian College Fund, AfriCare and the Central Asia Institute.
The Central Asia Institute promotes community based education and literacy in remote regions of Afghanistan and Pakistan, with a special focus on girls.
The Nobel committee awarded Obama the prize in October, pointing to the change of tone in Washington but prompting critics to question the pick less than a year into his presidency.
Source: IANS
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21: President Obama donation of Noble Prize money
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online job news replied to: Chandrabhan
post - 11 Dec, 2010
post - 11 Dec, 2010
23: Why can't it be encourged, there was no
compulsion that money should be donated to
any social service firms. I think we should
always encourge this.
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role newsdayinsider replied to: Anupama
post - 27 Oct, 2010
post - 27 Oct, 2010
25: Well, all the Nobel winners prevously too
have donated the money to the cause they
support. Mr. Obama was very well aware of
this. The money given to him by the Nobel
committee was in no way for him to spend on
himself and his family. There anyways was so
much noise about him winning the award at the
first place, though many people thought he
did not deserve. He himself was surprised to
know he'd won the award. He just did what he
had to do. Nothing great in that.
Posted by: Syed - 12 Mar, 2010
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online job news replied to: Syed
post - 11 Dec, 2010
post - 11 Dec, 2010
27: This should taken as inspiration from Obama
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others so that it will be useful for some
social work.
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post - 11 Dec, 2010
post - 11 Dec, 2010
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role newsdayinsider replied to: vishwas
post - 27 Oct, 2010
post - 27 Oct, 2010
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online job news replied to: role
post - 11 Dec, 2010
post - 11 Dec, 2010
31: If not U.S. President Barack Obama, who else
can donate Nobel Peace Prize Money for
Charities?
Dr.A.Jagadeesh Nellore(AP)
Dr.A.Jagadeesh Nellore(AP)
Posted by: Dr.A.Jagadeesh - 11 Mar, 2010
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online job news replied to: Dr.A.Jagadeesh
post - 11 Dec, 2010
post - 11 Dec, 2010
33: excellent. since he anyways didn't deserve
it- he literally had no choice.
Posted by: gunjan - 11 Mar, 2010
34:ha ha ha haaa, you said it!
wills replied to: gunjan
post - 11 Mar, 2010
post - 11 Mar, 2010
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