US President Barack Obama has decided to distribute his Nobel Peace Prize money, 1.4 million dollars, among a variety of charities, including Bill Clinton's Haiti earthquake relief fund.

Many of his prize money would go to help minority students, with the Posse Foundation, the United Negro College Fund, the Hispanic Scholarship Fund and the American Indian College Fund, each receiving 125,000 dollars.

"These organizations do extraordinary work in the United States and abroad helping students, veterans and countless others in need. I'm proud to support their work," Politico quoted Obama, as saying in a statement.

The complete list of charities follows.

250,000 dollars to Fisher House, a nonprofit organization that provides housing for families of soldiers receiving care at military or Veterans Affairs hospitals

200,000 dollars to the Clinton Bush Haiti Fund

125,000 dollars to College Summit, a group that works with elementary and middle schools and school districts to increase college enrollment rates

125,000 dollars to the Posse Foundation, which spots public high school students who may be overlooked in the traditional college admissions process; Posse scholars are awarded four-year, full-tuition leadership scholarships from colleges and universities

125,000 dollars to the United Negro College Fund, which helps more than 60,000 students attend college each year

125,000 dollars to the Hispanic Scholarship Fund, the nation's leading Hispanic scholarship organization

125,000 dollars to the Appalachian Leadership and Education Foundation, which helps students from Appalachia go to college

125,000 dollars to the American Indian College Fund, which helps build awareness of tribal colleges and universities, in part by distributing about 6,000 scholarships annually to American Indian students

100,000 dollars to Africare, which has projects in 25 countries, primarily in sub-Saharan Africa, that focus on HIV/AIDS, agriculture and water resource development

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. (ANI)