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).
