Prince Harry and Meghan Markle abandoned by donors as Archewell loses £9m in one year
Prince Harry and Meghan Markle's Archewell Foundation only received donations from two people this year, seeing £8.7million ($11million) fewer donations.
Archewell Foundation have released their tax fillings for 2022, and it paints a dismal picture of how Prince Harry and Meghan Markle’s foundation is progressing.
In 2021 the Foundation received just over £10.3million ($13million) in donations from several donors, but this year the couple had only two donors that gave just a fraction of last year’s total. The detailed financial documents show that just two donors gave £795,210 ($1million) each - a significant drop of over £8.7million ($11million) in a year.
Harry and Meghan’s Foundation also recorded a loss of £536,357 ($674,485) due to the shortfall in donations. Last year they secured a profit of more than £7.1million ($9million).
The tax report also shows that the Sussexes only work for one hour a week, despite being the foundation's directors.
Accounts show that Archewell’s total revenue for this year totalled £1,594,437 ($2,005,052) taking into account donations and income from investments) but expenses came to more than this - at a grand total of £2,130,795 ($2,679,537).
Click here to join our Whatsapp community to be the first to receive news about the Royal family
Other figures reveal that the Foundation employed five people in 2022, with salaries totaling £509,285 ($640,441) for the year.
But while Harry and Meghan are listed as a trustee or director, they did not take a salary. Its Executive Director James Holt however earned £180,835 ($227,405) - which included a £15,904 ($20,000) bonus.
The document also reveals that the couple use their royal titles, as the description reads: “Archewell Foundation is an impact-driven nonprofit created by the Duke and Duchess of Sussex.”
