The money will go to the 58 people who were injured and the families of the 12 people killed during a midnight premiere of the latest Batman movie "The Dark Knight Rises" on July 20, The Denver Post reported. The 7/20 Recovery Fund announced the distribution.
"Victims may have financial needs far greater than this initial monetary distribution, and this is one of many steps in providing support as victims continue to move through the healing process," the volunteer committee said.
A distribution of $100,000 each has already been made.
The Colorado Organization for Victim Assistance is handling the distribution and trying to reach victims, officials said. About $4.4 million in donations has already come in from around the world.
James Holmes, a former University of Colorado graduate student, has been charged with the killings.