(Adapted from CBS News)

The $1.4 million award associated with the Nobel Peace Prize will be distributed to the following charities:

$250,000 -- Fisher House, which provides housing for families of patients being cared for at major military and VA medical centers.

$200,000 - The Clinton-Bush Haiti Fund, which raises money for long-term relief efforts in Haiti

$125,000 - College Summit, which partners with schools with the goal of increasing college enrollment;

$125,000 - The Posse Foundation, which awards scholarships to "public high school students with extraordinary academic and leadership potential who may be overlooked by traditional college selection processes";

$125,000 - The United Negro College Fund, which offers scholarship and internship programs for more than 60,000 students per year;

$125,000 - The Hispanic Scholarship Fund, which awards scholarships and offers outreach support to the Hispanic community;

$125,000 - The Appalachian Leadership and Education Foundation, which offers scholarships and leadership curriculum to young people from Appalachia;

$125,000 - the American Indian College Fund, which distributes scholarships to American Indian students and provides support for tribal college needs.

$100,000 - AfriCare, which offers programs in Africa addressing health and HIV/AIDS, food security and agriculture, and water resource development.

$100,000 - the Central Asia Institute, which promotes education and literacy in remote areas of Pakistan and Afghanistan with a focus on education for girls.

The President has asked the Nobel Committee to disburse the money directly to the charities, so that he will have neither tax liability for the prize nor tax deductions for their contribution to charity.

That looks like a pretty worthy list of recipients.  I think that donating the award to these charities is a good way to close the book on the story of his as-yet-undeserved Nobel Prize.