Justin Welby, the archbishop of Canterbury and chair of the Church Commissioners, and the Church of England apologized for the slave trade in the past and set up a £100 million fund.
The Church of England has pledged £100 million to a fund it is establishing to make up for its historical profits from the slave trade.
According to a report for the Church Commissioners (pdf below), the organization in charge of managing the C of E's £9 billion-plus endowment fund, the origins of the fund may be traced in part to Queen Anne's Bounty, a 1704 financial scheme built on transatlantic chattel slavery.
The Church Commissioners' board will establish a £100 million fund to carry out a programme of investment, research, and engagement over the following nine years in an effort to "address past wrongs."
The church does not refer to the programme as "reparations" because it would not pay out money to specific people but will instead fund initiatives "focused on improving opportuniti...