Obama's two daughters go to Sidwell Friends school. Last weekend was the first 'Dollars for Scholars' benefit to take place while his kids were attending. It is an annual event where parents put 'stuff' up for action as part of the fundraiser. The Obamas reportedly donated "a signed copy of the Rolling Stone issue featuring the president and a signed copy of the January Vogue that featured the first lady". Some people were disappointed that something more personal was not offered such as the round of golf then President Clinton offered in 1996. The round of golf went for slightly less then $100,000. This year Chelsea Clinton offered to have a meal with someone in NYC.
I would rule this one a non-snub. The signed copies of the magazines will probobly bring in a decent amount of money, and the President has more important things to do with his time then auction it off for his daughter's school fundraiser.
More at http://www.msnbc.msn.com/id/30425056.