Church of England to Set up Impact Fund as Part of £100m Commitment to Address Historic Wrongs

The Church of England has apologized for its links to the slave trade and is setting up a $100 million fund to address the issue, the Pioneering Post reports.

"I am deeply sorry for these links," Archbishop of Canterbury Justin Welby says in a statement.

"It is now time to take action to address our shameful past."

The Church of England's predecessor, the Church Commissioners, received funds linked to slavery worth more than $1 billion, according to the Pioneers Post.

The new fund will be used "to invest for a better and fairer future for all, particularly for communities affected by historic slavery," Welby says.

The Church Commissioners manage some $10 billion in assets, including real estate and company shares, and use the returns to support the church's ministry.

The new fund will be overseen by a new oversight group with "significant membership from communities impacted by historic slavery," the Church of England says.

Read the Entire Article


Selected Grant News Headlines

A customized collection of grant news from foundations and the federal government from around the Web.

Social Impact Groups Bolster Leadership

One of Australia's most high-profile business leaders is leaving his post at the Australian Securities Exchange to lead the country's largest anti-slavery organization. David Braga, who has...more

Harvard Business School'S New Venture Competition Awards $225K in Cash Prizes

"The New Venture Competition provides a rigorous platform through which students develop their business ideas as a positive force for change," says Elise Bates, the new director of Harvard Business...more

Plasticfri, Swedish Eco-Friendly Startup Wins S'Pore Biz Competition

When Max and Allen Low were kids, their parents would ask them to spend a few minutes picking up garbage. "This became a habit which continued into adulthood, and we still make time for that...more

Glacier Bank, Federal Home Loan Bank Award $190K to Montana Nonprofits
Foundation: Whitefish Community Foundation

"Through our collective efforts, we're not just providing financial support, but we're investing in Montana's vitality and resilience." That from Mike Smith, president of Glacier Bank, which...more

Penticton Prospera Branch Donates $5K to Local Breakfast Program for Kids

"A nutritious breakfast isn't just about filing empty stomachs; it's about nourishing young minds." That's what Vicki Cutler, a branch manager at Prospera Credit Union in British Columbia, had to...more

Hornady Manufacturing Presents Significant Donation to Ccc

Central Community College in Grand Island, Neb., is getting a major boost in its criminal justice program thanks to a $750,000 donation from Hornady Manufacturing. The money will go to the...more

Starved Rock Country Community Foundation Spring Appeal Culminates with May 2 Giving Day

The Starved Rock Country Community Foundation is asking for donations for its 2024 Spring Appeal, which will fund education, mental health, local history, fine arts, entrepreneurship revitalization,...more

Kevin Dayhoff: Carroll Arts Council Enriches Our Quality of Life

On Thanksgiving Day in 1937, the Carroll Theatre in Westminster, Md., opened its doors to the public for the first time. Today, it's the home of the Carroll County Arts Council. The nonprofit...more

The Sustainable Finance Podcast: Solving Inequality and Climate Issues

One of the biggest institutional investors in the world, Nuveen, is putting its money where its mouth is. In a podcast with Paul Ellis of Forbes, Radhika Shroff, managing director of impact...more

Walking the Sustainability Talk

Zimbabwe's main stock exchange has issued a practice note on mandatory reporting of companies' environmental, social, and governance (ESG) practices, and one company in particular is taking full...more



Social Entrepreneurship
Spotlight



A Bar That Saves Children’s Lives


Ryan Devlin, Todd Grinnell and Ravi Patel have traveled to Africa on a humanitarian trip a few years back, encountering children suffering from severe malnutrition get healthy through Plumpy’Nut®.



Federal Government Grant and Assistance Programs


Post-9/11 Veterans Educational Assistance | Science, Technology, Engineering and Mathematics (STEM) Educational Program: Science, Mathematics An | Services to Advocate for and Respond to Youth | Guardianship Assistance | Denali Commission Program | Conflict and Stabilization Operations | Learn and Serve America_Higher Education | Cooperative Agreements for State-Based Diabetes Control Programs and Evaluation of Surveillance Syst | | Site Style by YAML | Grants.gov | Grants | Grants News | Sitemap | Privacy Policy

Edited by: Michael Saunders

© 2008-2024 Copyright Michael Saunders