Whirlwind about Meghan and Harry's foundation: sobering balance sheet - more expenses than income
Created: 01/06/2022, 05:49 PM
From: Felix Durach
Prince Harry and Meghan's charity has sobering earnings.
This emerges from the published tax documents.
Los Angeles - It's been almost two years since Prince Harry and his wife Duchess Meghan announced on Instagram that they were stepping down from their positions as representatives of the British royal family.
The royal scion and his wife left their English estate Frogmore Cottage with their son Archie and moved to the USA.
In Los Angeles, the city of the rich and famous, the couple looked for a luxury villa and wanted to build a new life.
Meghan and Harry: more expenses than income - sobering record of charity
The newly established “Archewell” foundation, which Harry and Meghan set up last year, should take up a large part of their lives after Megxit.
Where better to raise money for charity than in Hollywood?
At least that's the gray theory.
Because, as it became known at the beginning of the year, Archewell has so far turned out to be more of a loss-making business.
This is based on the tax documents of the organization, which are available to the British portal
Daily Mail
.
Accordingly, Harry and Meghan's foundation was able to record cash receipts of around 50,000 US dollars (44,000 euros) last year.
However, Archewell's revenue was not even enough to fully cover the liabilities incurred in 2021.
According to the reports, attorney fees were $ 55,600 in the same period alone.
Duchess Meghan and Prince Harry: Legal fees exceed foundation income
These were mainly needed for legal disputes that arose in connection with Harry and Meghan's former British foundation.
They founded this in 2019 under the name Sussex Royal and renamed the MWX Foundation in 2020 after breaking with the British royal family.
After the royal couple moved to Los Angeles, the foundation was finally dissolved in order to set up a US-based foundation with Archewell.
Shortly after the new organization was founded, Harry and Meghan became the focus of public criticism.
They were accused of deliberately relocating the organization's headquarters to the US state of Delaware in order to save taxes.
Meghan and Harry: Royal couple want to take their time with the new foundation
However, the reason for Archewell's poor numbers could be cited as the fact that Harry and Meghan are only giving their charity a subordinate priority due to the ongoing corona pandemic.
As early as 2020, an anonymous source from the US
Vanity Fair
reported that the couple were in no hurry to get “Archewell”.
At this point, Harry and Meghan would have preferred to focus on the Black Lives Matter movement and the pandemic and put their foundation on the back burner.
(fd)