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

credit: Stephen Sutton's FB page via Huffington Post

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

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

How's Your Community Doing?
Check Out it's
Community Vital Signs

Spokane Businesses Owned by People of Color Awarded New State Grant Funds

People of color make up about 20% of Spokane County, Wash., but they own about 8% of the county's businesses, reports the Spokesman-Review. That's why the Spokane Workforce Council is...more

Nbta Survey to Shed Light on Parties' Stance on Education Ahead of Election

The New Brunswick Teachers Association is asking teachers and voters in the Canadian province to take a survey ahead of the next provincial election in September, the CBC reports. "We've seen a...more

Press Release: Ok Arts Council Grants and Programs Offered for Fiscal Year 2025

The Oklahoma Arts Council has released its annual list of grant requests, and it's a doozy. This year's list includes a call for artists to "bring the arts to other statewide organizations," as...more

Gulf Shores Student Working to Preserve Little Lagoon Shoreline with State Grant

"I don't think many people know about our local ecosystems or recognize how important they are to keeping our beaches beautiful, keeping tourists here, and keeping our water as sparkling clean as it...more

Local Scholarships

A community college in Muskegon, Mich., is offering a full ride for any student willing to take a year of classes there, the Muskegon Chronicle reports. Muskegon Community College is offering a...more

Connecting The Dots Of Your Strategic Plan

When Collidescope.io co-founder and CEO Nick Lynch was looking for a new job last year, he came across an ad for a job that seemed like a no-brainer. "I am a software engineer," he wrote. "I...more

New Report by Community Foundation Illuminates Nonprofit Sector
Foundation: Community Foundation of Sarasota County

There are nearly 750 nonprofit organizations in Sarasota, Manatee, Charlotte, and DeSoto counties in Florida, providing everything from health and youth services to education and the arts, per a new...more

4 Ways Workplace-Giving Supports Fundraising Strategies

When it comes to giving back to their communities, employees of companies are doing more than just putting money in their paychecksthey're giving their time and energy. In fact, more than 27...more

Prosperity Denver Fund Announces Final Candidate for New Ceo
Foundation: Daniels Fund, Colorado Trust, Denver Foundation

The new CEO of the Prosperity Denver Fund says she's "thrilled to join the team at Prosperity Denver Fund, in service to the vision of Denver's taxpayers and their investment in the future of our...more

Philanthropy Calendar, July 17, 2024

When the Providence Performing Arts Center was looking for a new artistic director earlier this year, it was looking for someone who would be willing to take on the role of artistic director of its...more