In statement following Friday’s court hearing, band member DJ Próvaí said: “For us this action was never about £14,250, it could have been 50p.”
The group said their motivation for taking the case was “equality”.
“This was an attack on artistic culture, an attack on the Good Friday Agreement itself and an attack on Kneecap and our way of expressing ourselves.”
Kneecap have said they will split the money awarded to them between two Belfast charities, Glór Na Móna in Ballymurphy and RCity Belfast on the Shankill Road.
Sarah Jane Waite, director of RCity Belfast, expressed the charity’s thanks for the “generosity and support from Kneecap”.
She said the donation will be used toward a number of projects, including both local and international programmes.
Meanwhile, Conchúr Ó Muadaigh, chairperson of Glór na Móna, said the support of Kneecap would have a “lasting on our work with young people and the Irish language revival here in west Belfast”.