Prince Harry and Meghan Markle's Archewell Charity Faces Fundraising Ban - What Went Wrong?

Prince Harry and Meghan Markle's charity foundation, Archewell, has been declared delinquent and ordered to stop fundraising or spending. The royal couple allowed the official registration fees for Archewell to lapse since at least the beginning of May, according to an official letter from California's attorney general, Rob Bonta. Archewell has been listed as "delinquent" with the registry of charities and fundraisers due to its failure to submit its annual report and registration fees. This revelation casts doubt on an announcement made by the Duke and Duchess of Sussex during their Nigeria tour.

The delinquency notice sent to Archewell states that an organization listed as delinquent is not in good standing and is prohibited from engaging in conduct for which registration is required, including soliciting or disbursing charitable funds. The organization may also be subject to penalties and its registration may be suspended or revoked by the Registry. Archewell is now required to submit records explaining why its payment is late and to pay late fees.

According to CharityWatch tax filings disclosed by Archewell in December 2023, the nonprofit suffered a $11 million decline in donations in 2022 compared to the previous year. Records indicated that the charity received just over $2 million in charitable donations in 2022, a significant drop from the $13 million received in 2021. By 2022, it had incurred a loss of over $674,000, attributed to costs totaling $2.67 million.

The couple set up their foundation after relocating to the US in March 2020 following their decision to step back from their senior royal duties. The organization encompasses the couple's nonprofit charitable foundation and for-profit business divisions concentrating on media production, namely Archewell Audio and Archewell Productions.





 

Get latest news delivered daily!

We will send you breaking news right to your inbox

© 2024 Wayne Dupree, Privacy Policy