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Obama Chooses Charities To Receive Nobel Peace Prize Money

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As you know, President Barack Obama received the Nobel Peace Prize and he is donating the $1.4 million prize to 10 different charities.

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

The 10 charities and their donation amounts include:

$250,000 to Fisher House
$200,000 to Clinton-Bush Haiti Fund
$200,000 to College Summit
$125,000 to The Posse Foundation
$125,000 to The United Negro College Fund
$125,000 to The Hispanic Scholarship Fund
$125,000 to the Appalachian Leadership and Education Foundation
$125,000 to the American Indian College Fund
$100,000 to AfriCare
$100,000 to the Central Asia Institute

What do U think of his choices?

[Image via AP Images.]

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