President Barack Obama donated $125,000 to the American Indian College Fund.

The money came from Obama's $1.4 million Nobel Peace Prize award. He selected the AICF and other beneficiaries for their "extraordinary work."

“We are thrilled that President Obama has chosen to publicly acknowledge the work the American Indian College Fund is doing in Indian Country by sharing $125,000 of his prestigious Nobel Peace Prize award with us,” Richard B. Williams, President and CEO of the American Indian College Fund, said in a press release. “As a result of President Obama’s vision and leadership, through his donation to the Fund along with nine other outstanding charities, he is setting an example for how all Americans can help those less fortunate. The gift will be used to support Native scholarships at America’s 33 accredited tribal colleges and universities.”

Get the Story:
Obama picks charities to which he'll donate Nobel prize cash award (The Washington Post 3/12)

Relevant Documents:
The President Donates Nobel Prize Money to Charity (March 11, 2010)