The Archwell Foundation, led by Prince Harry and Meghan Markle, has experienced a surprising decrease in donations this year, with only two donors contributing a total of \u00a3795,000 or $1 million.<\/p>\n

This marks a staggering drop of \u00a38.7 million or $11 million compared to the previous year’s contributions.<\/p>\n

The Foundation’s tax filings for 2022 have raised concerns about its financial health.<\/p>\n

In 2021, the Archwell Foundation thrived with over \u00a310.3 million or $13 million in donations from various sources.<\/p>\n

However, this year has seen a drastic change, with only two donors stepping forward to support the Foundation, resulting in a significant shortfall.<\/p>\n

The detailed financial records reveal that these two donors collectively contributed just a fraction of the previous year’s total.<\/p>\n

Furthermore, the Archwell Foundation reported a loss of \u00a3536,000 or $674,000, attributing this setback to the notable decline in donations.<\/p>\n

This is a stark contrast to the previous year when the Foundation recorded a profit exceeding \u00a37.1 million.<\/p>\n

These financial challenges have put the spotlight on Prince Harry and Meghan Markle’s involvement in the Foundation.<\/p>\n

Despite holding directorial roles, the Sussexes reportedly dedicate only one hour per week to the Foundation.<\/p>\n

This raises questions about their level of engagement and the impact it may have on the Foundation’s operations.<\/p>\n

The tax report also highlights the Foundation’s total revenue for the year, which amounted to \u00a31,594,000 or $2 million, considering both donations and income from investments.<\/p>\n

However, expenses surpassed this figure, reaching a total of \u00a32,130,000 or $2,679,000.<\/p>\n

In terms of employment, the Foundation had a staff of five individuals in 2022, with salaries totaling \u00a3509,000 or $640,000 for the year.<\/p>\n

It is worth noting that while Prince Harry and Meghan Markle are listed as trustees or directors, they did not draw a salary.<\/p>\n

On the other hand, Executive Director James Holt earned \u00a3180,000 or $227,000, including a \u00a315,900 bonus.<\/p>\n

An interesting aspect revealed in the tax documents is the couple’s usage of their royal titles.<\/p>\n

The Foundation’s description explicitly states that the Archwell Foundation is an impact-driven non-profit created by the Duke and Duchess of Sussex, emphasizing the continued integration of their prestigious titles into the Foundation’s identity.<\/p>\n

As the Archwell Foundation navigates these financial challenges, there is anticipation surrounding how Prince Harry and Meghan Markle will steer their philanthropic venture in the coming years.<\/p>\n

The significant drop in donations raises concerns about the future of the Foundation’s charitable initiatives and their ability to make a lasting impact.<\/p>\n

What are your thoughts on this news?<\/p>\n

How do you think the decrease in donations to the Archwell Foundation in 2022 will affect Prince Harry and Meghan Markle’s charitable endeavors?<\/p>\n

Share your opinions in the comments below.<\/p>\n

We will have to wait and see how the situation unfolds.<\/p>\n

And remember, if you want to stay updated on all the latest royal news like this, simply subscribe to our channel and hit the bell icon.<\/p>\n

It’s as easy as that.<\/p>\n

Until next time, take care.<\/p>\n","protected":false},"excerpt":{"rendered":"

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