Obama nobel prize money: Obama chooses charities to receive Nobel funds

WASHINGTON, (KUNA) -- Obama nobel prize money: Obama chooses charities to receive Nobel funds. President Barack Obama on Thursday announced the charities that would receive part of the 1.4 million-dollar award that came with the Nobel peace prize.

The largest amounts werre 250,000 dollars to Fisher House and 200,000 dollars to the Bush-Clinton Haiti Fund.

Fisher House is a national non-profit organization that provides housing for families of patients receiving medical care at major U.S. military and Veterans Administration medical centers.

In the wake of the devastating January earthquake in Haiti, Obama asked former U.S. presidents George W. Bush and Bill Clinton to create the Clinton-Bush Haiti Fund to raise funds for long-term relief efforts in Haiti.

Obama also donated 100,000 dollars to the Central Asia Institute, which supports community-based education and literacy, especially for girls, in remote regions of Pakistan and Afghanistan. "These organizations do extraordinary work in the United States and abroad helping students, veterans and countless others in need," Obama said.