The Hume Foundation’s website was launched online with a virtual event in Belfast at Niavac’s Virtual Studio on Friday.
The foundation was due to launch in May, but plans were postponed because of the Covid-19 pandemic.
Among those involved in the John and Pat Hume Foundation for Peace and Reconciliation are members of Mr Hume’s family, civil rights campaigners and former political colleagues of the former SDLP leader.
Notable patrons of the foundation include ex-US Senator and peace talks chairman George Mitchell, former Republic of Ireland President Mary McAleese and the son of murdered civil rights leader Martin Luther King.
Former SDLP leader Mark Durkan and Sara Canning, the partner of murdered journalist Lyra McKee, are directors of the foundation.
The Hume Foundation will assist those working for reconciliation and peaceful political change” in Northern Ireland and around the world.