Prince Harry and Meghan Markle’s Archewell Foundation weathered a significant drop in donations last year — with contributions plummeting by about US$11 million (A$16.7 million) from the previous year.
The Archewell Foundation — which Harry and Meghan launched when they decamped from the UK to California and stepped down as senior royals in 2021 — received two $1 million (A$1.53 million) donations from unnamed individual donors in 2022, the nonprofit’s tax returns revealed on Tuesday, reports the New York Post.
The paltry donations were a far cry from the previous year, when Archewell enjoyed $13 million (A$19.8 million) in contributions — including one hefty $10 million (A$15 million) cheque from an undisclosed individual, the filings indicated.
The slowdown in donor contributions combined with operating expenses of over $2.6 million (A$3.9 million) put the foundation in the red for the year, with a net revenue of -$674,485 (A$1.028 million) compared to 2021’s $9 million (A$13.7 million) net revenue.
The foundation still holds around $8 million (A$12.2 million) in assets.
Archewell also gave executive director James Holt a $170,000 pay boost (A$259,400), the IRS forms showed.
Holt raked in about $227,405 (A$347,000) — including a $20,000 (A$30,515) bonus — compared to his $59,846 (A$91,300) annual salary the year before.
Prince Harry, 39, and Meghan, 42, do not take an income from the Archewell Foundation, the filings indicated.
The foundation — which touts itself as an “impact driven” non-profit — made about $1.2 million (A$1.8 million) in donations, according to the 2022 tax forms.
Archewell’s contributions included $100,000 ($A152,000) to the Halo Trust, a mine field-clearing charity made famous by Harry’s mother, the late Princess Diana, in the 1990s, the BBC noted.
The foundation also donated $125,000 (A$190,000) to the NAACP Empowerment Programs Inc for the creation of the NAACP-Archewell Digital Civil Rights Award.
Archewell highlighted the award in its 2022-2023 impact report, which was published on Monday.
“When we founded this award with the NAACP, we wanted to highlight and uplift people across the country who are transforming 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 Archewell-supported accomplishments, including 3,176 hours of trauma-informed mental health support for people impacted by the earthquake in Syria and Turkey.
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The report debuted alongside a video that showed Harry and Meghan smiling and interacting at various Archewell initiatives — which royal watchers quickly slammed as an attempt to upstage Kate Middleton’s own footage of her and her three children volunteering at a baby bank.
Harry and Meghan have been famously estranged from the prince’s relatives – including brother Prince William and sister-in-law Kate, both 41 — since they stepped down as working royals nearly four years ago.
This article originally appeared in the New York Post and was reproduced with permission.
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2023-12-12 20:03:31Z
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