Archwell, the charitable organization founded by Prince Harry and Meghan Markle, is now facing scrutiny from the IRS due to its questionable financial dealings and grants.
Recent tax documents reveal that in 2020, Archwell raised a mere $50,000 in donations, while spending over $55,000 in legal fees to establish and dissolve their previous charities, Sussex Royal and MWX Foundation.
The latter was forced to change its name from Sussex Royal after the Queen prohibited the couple from using the royal title.
According to the tax filing, Archwell reported paying $163,085 in salaries.
However, it also disclosed that Harry and Meghan only dedicated one hour per week, or 52 hours in total, to the charity.
James Holt, the CEO of Archwell, received an annual salary of $59,846, along with $3,832 in additional benefits.
Interestingly, Holt initially served as a board member without compensation before assuming the role of CEO.
The tax documents further reveal that Archwell received a massive $10 million from a single anonymous donor, out of the total $13 million raised in 2020.
The identity and motive of this generous benefactor remain unknown, leading to speculation that it could be a close friend or business partner of the couple.
While Archwell’s mission statement emphasizes uplifting and uniting communities through acts of compassion, the tax filing shows that the charity only distributed $3 million in grants to various causes.
These grants primarily focused on refugee resettlement and COVID-19 vaccine distribution.
Notably, Georgetown University was the largest recipient, receiving $500,000 for a program called “Global Media and Misinformation.”
Critics have accused Harry and Meghan of using Archwell as a front for money laundering, tax evasion, and as a platform for their political agenda and personal branding.
They have also questioned the decision to incorporate Archwell in Delaware, known for its lenient corporate laws and low taxes.
Delaware is often chosen by businesses seeking to conceal financial activities and avoid scrutiny from authorities.
Since relocating to Montecito, California, in 2020, Harry and Meghan have resided in a $14 million mansion.
They have assembled a team of lawyers, publicists, and agents to manage their image and business ventures.
The couple has been involved in various legal battles and disputes with the media, the royal family, and their former staff.
Harry and Meghan’s popularity and credibility have suffered, particularly in the UK, where they are viewed as traitors and opportunists.
Their recent interview with Oprah Winfrey, during which they made explosive and unverified claims against the royal family, faced widespread criticism and condemnation.
Archwell’s tax filing deals another blow to Harry and Meghan’s reputation and credibility, as it exposes a lack of transparency and accountability.
It raises questions about the true intentions and motivations behind their charity and media deals.