Prince Harry & Meghan Markle's Archewell Foundation Raised Less Than $50K Within Its First Year
According to a report, Prince Harry and Meghan Markle's Archewell Foundation didn't make as much money as they anticipated in its first year.
Prince Harry and Meghan Markle's Archewell Foundation hasn't been as impactful as they had hoped.
In IRS documents obtained by the Daily Mail, it was shown that the Sussexes charity made only $50,000 since they opened a bank account for the organization in January 2021.
However, it turns out that their U.K. charity Sussex Royal — which is currently being dissolved now that they're no longer royals — spent more than $55,000 on legal fees within a year in order to shut down the nonprofit.
It seems like the parents-of-two didn't get a jumpstart on their work, as the Archewell Foundation was launched in April 2020 — several months before its bank account was actually created.
The lack of funds could be due to the pandemic, as the pair reportedly didn't want to have an official public launch until things returned to normal.
"What's absolutely clear is that they want to get it right and there's no point in rushing," a source said to The Telegraph. "They are settling into a new life, a new era. This is about getting it right and making sure they are able to make the difference they want to make."
Meanwhile, Harry and Meghan have still taken some action within Archewell, as they've partnered with other charities such as Global Citizen, the Aspen Institute, and Girls Inc. to create several philanthropic initiatives.
The duo launched their website in February with a nod to Harry's late mother, Princess Diana.
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"I am my mother’s son. And I am our son’s mother. Together we bring you Archewell," an introductory message read. "We believe in the best of humanity. Because we have seen the best of humanity. We have experienced compassion and kindness."
"From our mothers and strangers alike. In the face of fear, struggle, and pain, it can be easy to lose sight of this. Together, we can choose courage, healing, and connection. Together, we can choose to put compassion in action," their note continued. "We invite you to join us. As we work to build a better world. One act of compassion at a time."
