The family gave almost a quarter of its income to charity, including a $103,871 donation to the Fischer House Foundation.
The Obamas reported an adjusted gross income of $608,611 and paid about $112,000 in taxes. NBC's Brian Williams reports.
According to their website, the foundation “donates ‘comfort homes’ built on the grounds of major military and VA medical centers.” The homes allow family members of those who are hospitalized to stay closed to loved ones for free. The president donates the proceeds of the children’s book he released in 2010, “Of Thee I Sing” to the foundation.
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Among the other entities that received charitable donations from the Obamas were the American Red Cross, the Boys and Girls Club and Sidwell Friends school, where their daughters are enrolled.