Goalkeeper Vito Mannone had suggested the players should reimburse the fans.
"We wanted to acknowledge and thank the supporters who travelled such a long way to give us their backing," said Black Cats captain John O'Shea.
About £60,000 will be offered to the 2,500 fans, with any unclaimed money donated to a children's hospice.
Grace House, a Sunderland-based charity, will benefit from refunds not claimed by 5 November.
Manager Gus Poyet said the Black Cats' heaviest Premier League loss was his "most embarrassing" moment in football.
Sunderland scored two own goals, which included a calamitous 18-yard volley from Argentine Santiago Vergini.
The defeat was Sunderland's biggest in 32 years and the Saints' biggest win in the Premier League.
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