President Juan Manuel Santos said he will donate his nearly $1 million in Nobel Peace Prize money to the victims of Colombia's 52-year armed conflict.
Santos made the announcement Sunday while he and his family were visiting a town in western Colombia where dozens of people were killed while they were stranded in a church during a battle between rebels and far-right militias.
Santos also promised that he will continue working toward peace with the Revolutionary Armed Forces of Colombia, or FARC, despite the fact that voters rejected a peace deal the rebels a week ago.
Sixty-seven of the 81 municipalities hardest-hit by the conflict voted in favor of the peace deal.
Santos was awarded the Nobel Peace Prize Friday, less than a week after Colombians rejected a peace deal with FARC.
Polls prior to the debate predicted that the "yes" vote would win by almost a two-to-one margin.
Santos had been pursuing the peace deal since 2011 and signed the deal with FARC leader Timoleon Jimenez six days prior to the vote.
Santos insisted that the deal would only be valid if the Colombian voters agreed to it.
Despite the deal's rejection, FARC reiterated its willingness to continue to working toward peace.
The Nobel Peace Prize carries a $930,000 award and will be distributed Dec. 10 in Oslo, Norway.
The Associated Press contributed to this report.