Nonprofit Newswire | Obama Donates Nobel Money to Education

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March 17, 2010; Savannah Tribune | Education nonprofits score big from President Obama’s Nobel winnings. Of the 10 charities receiving part of Obama’s $1.4 million Nobel Prize award, six directly support higher education for student groups that are traditionally underserved.

The charities include: $250,000 to Fisher House; $200,000 to the Clinton- Bush Haiti; $125,000 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.

One of these groups is College Summit. .J.B. Schramm, founder and CEO of the Washington-based group says it plans to divvy up the $125,000 gift among the 12 states where it has 170 partner high schools. “What our students heard is that the president is saying, you’re not just a vessel to get education poured into you; you can drive the change in your own community,” Schramm told the Christian Science Monitor.

The American Indian College Fund expects to use its $125,000 gift to fund scholarships for about 125 students attending tribal colleges. American Indians “are almost always left out” of discussions about minorities in higher education, Richard Williams, CEO of the Denver nonprofit, told the Monitor. “That we were included this time is absolutely amazing.”—Aaron Lester