President Obama and his wife, Michelle, last year donated 6 percent of their income of $5.5-million to charity, according to figures released today by the White House.
Vice President Biden and his wife, Jill, donated 1.5 percent of their income of $333,182 to charity, in both cash and donated goods.
The Obamas reported giving a total of $329,100 to 40 charitable organizations. Their largest gifts were $50,000 contributions to CARE and to the United Negro College Fund.
As the White House had announced in March, Mr. Obama donated his $1.4-million Nobel Peace Prize award to 10 charities.
In its statement today, the White House said the federal tax code provides “that if the recipient of the Nobel Prize directs the Nobel Committee to donate the prize money directly to charity, as the president did, the recipient does not have to recognize the prize as income on his federal income tax return.”
The White House added that “the president is not permitted to take a charitable deduction on the value of the prize since it is not included in his income.”