International Red Cross and Red Crescent Movement committee adopted the name "International Committee of the Red Cross" (ICRC), which is still its official designation today. Five years later, the American Red Cross was founded through the efforts of Clara Barton. More and more countries signed the Geneva Convention and began to respect it in practice during armed conflicts. In a rather short period of time, the Red Cross gained huge momentum as an internationally respected movement, and the national societies became increasingly popular as a venue for volunteer work. When the first Nobel Peace Prize was awarded in 1901, the Norwegian Nobel Committee opted to give it
International Committee of the Red Cross in the number and scope of its missions in Africa. Most of the ICRC's funding comes from Switzerland and the United States, with other European states and the EU close behind. Together with Australia, Canada, Japan, and New Zealand, they contribute about 80–85% of the ICRC's budget. About 3% comes from private gifts, and the rest comes from national Red Cross societies. The ICRC is responsible for legally recognizing a relief society as an official national Red Cross or Red Crescent society and thus accepting it into the movement. The exact rules for recognition are defined in the statutes of