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"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.Selected Grant News Headlines
"There is growing scientific consensus that the Amazon Basin is reaching an ecological tipping point and urgent action is needed," says James Scriven, CEO of IDB Invest, a multilateral development...more
Enhanced Capital has been investing in communities across the US for more than two decades, and in its 2023 Community Impact Report, the investment firm says it has created more than 53,000 jobs,...more
A California state lawmaker has introduced a bill that would require oil and gas companies working in remote areas to pay for the damage they cause to communities, the Los Angeles Times...more
Enhanced Capital, a New York-based impact investment firm, says it has created more than 53,000 jobs, offset 1.8 million metric tons of carbon emissions, and invested $3.7 billion in community...more
Foundation: Marguerite Casey Foundation, Marguerite Casey Foundation, Kresge Foundation 
Stephen Stephens' father died of cancer when he was 53, and his message to young people has stayed with him.
"Always do the right thing son," he tells Fast Company.
"That message has always...more
Foundation: Indianapolis Foundation 
Lynne Arriale's new album, Being Human, is all about "people who exemplify Passion, courage, love, curiosity, and other human qualities," the Florida pianist tells Rita Kohn of the Indianapolis...more
"If the class register were anything to go by, education would be one of modern civilization's greatest success stories."
That's what Peter Wilson, a member of the UBS Accelerate Collective, had...more
Foundation: Gates Foundation 
Melinda French Gates is stepping down as co-chair of the Bill & Melinda Gates Foundation, which she founded with her ex-husband Bill Gates more than 20 years ago.
As part of an agreement made...more
Ahmad Al-Mallahi is a professor of agricultural engineering and sensing technologies at Dalhousie University in Halifax, Canada, and he's spent the past five years developing technology that could...more
Deforestation in south-east Asia could slash the region's GDP by 35%, according to a new report from Reuters.
And that's not all.
The report also finds that $100 billion pledged to fight...more
Social Entrepreneurship
Spotlight
Celebrity Chef Jamie Oliver Backs Social Saturday
UK will be celebrating its first national celebration of social enterprises dubbed as Social Saturday. World famous celebrity chef Jamie Oliver, who founded the Fifteen restaurant chain.
