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Harvard University creates $100 million slavery reparation fund

Harvard said it was putting the money into a fund to help tackle the educational and social gaps caused by the legacies of the slave trade and racism.

April 27, 2022 / 11:17 AM IST
Harvard University's announcement comes as US institutions grapple with how to make amends for their role in slavery.

Harvard University's announcement comes as US institutions grapple with how to make amends for their role in slavery.

America's prestigious Harvard University announced Tuesday it will commit $100 million to redress its role in slavery, as more US institutions move toward reparations for historical injustices.

Harvard said it was putting the money into a fund to help tackle the educational and social gaps caused by the legacies of the slave trade and racism.

The move follows a wide-ranging internal review of the university's role in slavery, the results of which were posted on its website.

The 100-page report made several recommendations about how the money should be spent, including the improvement of educational opportunities for descendant communities, honoring enslaved people through memorials and research, and creating partnerships with Black colleges and universities.