NPO | Nobel Prize turns Obama into major philanthropist

The official report came yesterday regarding the decision of President Barack Obama about his decision to give away all of the $1.4 million in Nobel Prize money he received from that prestigious honor.

Given the controversy behind the story of his notoriety about winning the Nobel Prize, this charitable result of the honor may be the best remedy for the PR flap over the issue. According to this report: Republicans contended that Mr. Obama had won more for his star power and oratorical skills than for his actual achievements, and even some Democrats privately questioned whether he deserved the award. Mr. Obama, himself, maintained that he did “not feel that I deserve to be in the company of so many of the transformative figures who have been honored by this prize.”
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NPO | AFFINITIES PHILANTHROPY
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Obama Names Charities Receiving His Nobel Prize Money

WASHINGTON — President 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.

“These organizations do extraordinary work in the United States and abroad helping students, veterans and countless others in need,” Mr. Obama said in a statement. “I’m proud to support their work.”

via Obama Names Charities Receiving His Nobel Prize Money – NYTimes.com.

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