Fisher House gets $250K of Obama prize money - Marine Corps News | News from Afghanistan & Iraq - Marine Corps Times

Fisher House gets $250K of Obama prize money

The Fisher House Foundation will receive $250,000 from President Obama, who is donating to charities the $1.4 million award that came with his Nobel peace prize, the White House announced March 11.

The foundation is one of 10 charities that will receive a portion of the money. It is the only military-related charity, and it will receive the largest amount. The next highest is the Clinton-Bush Haiti Fund, which will receive $200,000 for its long-term relief efforts in Haiti.

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

Kenneth Fisher, chairman and chief executive officer of the Fisher House Foundation, expressed the foundation’s gratitude to President Obama and First Lady Michelle Obama.

“We are thrilled and honored to be chosen as a recipient of President Obama’s Nobel prize award money,” Fisher said in a statement. “For 20 years, Fisher House has supported our troops and veterans by providing housing for their loved ones during their care and rehabilitation at military installations and VA medical centers around the world. It is a responsibility we take very seriously and have accepted as our duty and obligation to our service men and women.

“More than 130,000 families have crossed the thresholds of Fisher Houses around the world. With this additional financial support, we’ll be able to do so much more to give back and give thanks to those who risk their lives for our freedom.”