Barack Obama To Give Nobel Peace Prize Money to Charity

President of USA Barack Obama has made good on a promise to give his $1.4 million in Nobel Peace Prize money to charity, releasing on Thursday the names of the organizations that will benefit, New York Times reported.

Photo: Barack Obama To Give Nobel Peace Prize Money to Charity

In a statement issued by the White House, Obama said: "These organizations do extraordinary work in the United States and abroad helping students, veterans and countless others in need. I'm proud to support their work."

In October, when Obama became the third sitting U.S. president to win the award, he pledged to give the cash prize to charity. He formally accepted the prize in a December ceremony in Oslo., Washington Post reports.

According to Reuters, following is a breakdown of Obama's donations:

- $250,000 to Fisher House, a national nonprofit organization providing accommodation for families of patients receiving medical care at military and Department of Veterans Affairs medical centers.

- $200,000 to the Clinton-Bush Haiti Fund, which was set up in the aftermath of the Haitian earthquake to help survivors.

- $125,000 to College Summit, a national nonprofit organization to increase college enrollment rates.

- $125,000 to the Posse Foundation, which awards scholarships to promising public high school students.

- $125,000 to the United Negro College Fund.

- $125,000 to the Hispanic Scholarship Fund.

_ $125,000 to the American Indian College Fund.

- $125,000 to the Appalachian Leadership and Education Foundation.

- $100,000 to AfriCare, which promotes health, food security and access to water primarily in Africa.

- $100,000 to the Central Asia Institute, which education and literacy, especially for girls, in remote regions of Pakistan and Afghanistan.