Colombian President Juan Manuel Santos has said he will donate the money from the Nobel Peace prize to help the victims of the 52-year conflict in his country, the BBC reports.
He was awarded the prize for reaching a peace agreement with the Farc rebel group last month.
The deal was rejected a few days later by Colombian voters in a referendum.
About 260,000 people have been killed and more than six million internally displaced in Colombia.
“Last night, I met with my family and we have decided to donate those eight million Swedish krona ($925,000) to the victims,” said Mr Santos.
He made the announcement in the city of Bojaya, in the north-western region of Choco, after taking part in a religious ceremony for people affected by the conflict.