The Bezos grant was given to TheDream.US, the nation's largest scholarship program for DACA recipients, as Congress struggles to restore the program.
The donation comes as Congress tries to negotiate a bipartisan solution for DACA recipients after the Trump Administration ended the program previous year.
In August, Bezos joined a long list of other business leaders, including Facebook's Mark Zuckerberg, who have since signed an open letter to Trump urging him to retain protections for immigrant Dreamers.
"MacKenzie and I are honored to be able to help today's Dreamers by funding these scholarships", Bezos said.
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Bezos said in a statement that the donation was inspired by the example of his father, Miguel, who came to the United States from Cuba in the early 1960s as part of a wave of thousands of unaccompanied minors.
Munoz and Donald Graham, chairman of Graham Holdings, KSAT's parent company, are co-founders of TheDream.US, along with Carlos Gutierrez, of Miami, a former USA secretary of commerce. "My dad became an outstanding citizen, and he continues to give back to the country that he feels blessed him in so many ways", said Bezos. The national scholarship fund will go to eligible graduating high school seniors who are part of the DACA program.
Dreamers receiving aid from TheDream.US get $33,000 in scholarships spread out over four years. Currently, some 2,850 college students receive aid from the program.
The deadlines to apply for the two types of scholarships offered by TheDream.US are January 23 and March 1. They also get no state aid in 44 states and and must pay out-of-state or worldwide tuition in more than 15 states.
Munoz said the grant should send a message to those young people now fearful of being deported if no solution is reached. The Bezos grant will enable TheDream.US to help an additional 1,000 students. Trump has maintained he wants billions in federal money to pay for a wall on the U.S. -Mexico border in exchange for a DACA deal.