Prince Harry and Meghan Markle’s Archewell Foundation suffered a significant drop in donations last year — with contributions plunging about $11 million from the year before.
The Archewell Foundation — which Harry and Meghan launched when they retreated from the UK to California and stepped down as senior royals in 2021 — received two $1 million donations from unnamed individual donors in 2022, the nonprofit’s tax returns revealed on Tuesday.
The small donation is a far cry from the previous year, when Archewell enjoyed $13 million in contributions — including a large $10 million check from an undisclosed individual, the filing said.
Weakness in donor contributions combined with operating expenses of more than $2.6 million put the foundation in the red for the year, with net revenue of -$674,485 compared to net revenue of $9 million in 2021.
The foundation still holds about $8 million in assets.
Prince Harry and Meghan Markle take no income from the Archewell Foundation. Archwell
Archewell also gave executive director James Holt a $170,000 raise, IRS forms show.
Holt earned about $227,405 – including a $20,000 bonus – compared to his annual salary of $59,846 the previous year.
Prince Harry, 39, and Meghan, 42, take no income from the Archewell Foundation, according to the filing.
The couple released their videos at various Archewell events. Lee Morgan for the Archewell Foundation.
The foundation — which bills itself as an “impact-driven” nonprofit — made about $1.2 million in donations, according to its 2022 tax forms.
Archewell’s donations include $100,000 to the Halo Trust, a minefield clean-up charity made famous by Harry’s mother, the late Princess Diana, in the 1990s, the BBC said.
The foundation also donated $125,000 to NAACP Empowerment Programs Inc for the creation of the NAACP-Archewell Digital Civil Rights Award.
Prince Harry has been estranged from his family since leaving for California in 2020. Archewell
Archewell highlighted the award in its 2022-2023 impact report, published on Monday.
“When we founded these awards with the NAACP, we wanted to highlight and uplift people across the country who are changing the digital world for the better,” Harry and Meghan said in a joint statement for the 28-page document.
The annual report also touted several other achievements Archewell supported, including 3,176 hours of trauma-informed mental health support for people affected by the earthquakes in Syria and Turkey.
Archewell donated $100,000 to a mine clearance charity supported by Princess Diana in the 1990s. AFP/Getty Images
The report debuted alongside a video showing Harry and Meghan smiling and interacting at various Archewell initiatives – which royal watchers quickly criticized as an attempt to discredit Kate Middleton’s own footage of her and her three children volunteering at a baby bank.
Harry and Meghan are famously estranged from the royal family – including brother Prince William and sister-in-law Kate, both 41 – since they stepped down as senior royals nearly four years ago.
Kate, in particular, was recently named as one of the royals who asked questions about the skin color of Harry and Meghan’s unborn son, Archie.
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Source: thtrangdai.edu.vn/en/
