Tax records revealed that Prince Harry and Meghan Markle only worked an hour a week at the Archewell Foundation in 2021 — the nonprofit giving out more than $3 million in grants but raising less than $4,500 in public donations.
The humanitarian charity has released its latest tax return, showing that it is mostly backed by two wealthy philanthropists who have contributed a total of $13 million, while getting a measly $4,470 from the public.
In total, Archewell received a total of $13,005,660 – with $10 million from an individual donor as DailyMail.com first reported, $3 million from another, and $4,470 from other contributions and grants. Documents obtained by DailyMail.com revealed that the remaining $1,190 came from “investment income”.
The Archewell Foundation’s 2021 tax returns reveal that it was mostly supported by two philanthropists whose contributions make up the majority of the charity’s $13 million in revenue
In total, the charity has raised $13,005,660 – $13 million from two donations, $4,470 from other “contributions and grants,” and $1,190 from “investment income.”
This has led to speculation that the largest donation was made by Oprah Winfrey for the Duke and Duchess of Sussex’s March 2021 interview, which rocked Buckingham Palace. The other $3 million came from Harry himself, as part of the $20 payment. Million advances he received for his controversial autobiography Spear.
Archwell set aside $3,096,319 in grants — or 24 percent of her income — for 2021, tax returns show
The charity has set aside $3,096,319 in grants, which is 24 percent of its income, and at the end of 2021 had $9,018,590 in reserves.
The document also reveals that Harry and Meghan only work an hour each week at the organisation, and thus, 52 hours a year.
This is comparable to working full time for one week, which begs the question of how the couple were spending their time when Archewell was said to be their main focus.
According to the filings, the charity spent $163,085 on salaries.
While Harry and Meghan don’t get paid, CEO James Holt also works an hour a week and receives a salary of $59,846 and $3,832 in other benefits, which means he earns $1,224 an hour.
There are two more salaries on the tax return – $40,867 for “program service” and $22,811 for “administrative and general expenses.”
Two anonymous wealthy donors have contributed a total of $13 million to the Harry and Meghan Archwill Foundation, which makes up nearly 99% of the charity’s total 2021 income.
The Sussexes launched Archewell (location pictured) in April 2020 after applying for the trademark a month earlier.
This indicates that the charity has only three salaried employees, one chief executive officer, one delivering programmes, and an administrative assistant.
Since 2018, 16 employees have left the Archewell brand, a mix of nonprofit and for-profit businesses including Archewell Productions and Archewell Audio.
Other expenses on return total $727,666 including $427,110 for legal fees, $69,042 for conventions, conferences and meetings, and $12,096 for travel.
It has provided more than $3 million in grants to 25 US foundations or NGOs, and $186,319 to three European causes.
Tax Form 990 is an overview of all income, donations, and expenses for tax-exempt organizations.
Archewell’s 2021 tax return was supposed to be submitted to the IRS by May 15, 2022, but appeared on their website ten months after that deadline.
It is not clear when it was submitted to the IRS, as it still does not appear on the IRS website.
In 2020, Archewell was allowed to send an abbreviated Form 990, called an “ePostcard”, where it had received less than $50,000 in proceeds and had been in the US for less than one year.
The foundation released its impact report in January saying it had helped drive 12.66 million Covid-19 strikes around the world while working with anti-poverty charity Global Citizen.
The money has also been given to charities supporting refugees from Afghanistan and Ukraine.
A post from Archewell shows Prince Harry participating in a Q&A with San Francisco-based BetterUp, which provides coaching and mental health services to businesses and individuals in 2021
Archewell released its 2020-2022 Impact Report at the end of January, which stated it had raised $13 million in revenue and distributed $3 million in grants to projects, including the procurement of 12.66 million Covid-19 strikes worldwide while working with a charity to combat poverty. global citizen
Harry and Meghan say Archewell, named after their 3-year-old son Archie, is also spending money on “building a better online world”.
It included money donated to a foundation that provided an online guide to “advance gender equality by promoting positive masculinity in boys and men” and aimed to “challenge harmful gender stereotypes”.
The Duchess has chosen many projects herself. They include one scheme in Antioch, Tennessee, where kids can get their hair braided for free. After visiting the Uvalde massacre vigil, she also chose to build a play park for local children after seeing their “grief firsthand”.
Archewell says it will spend the next year working on “three major pillars” — building a better online world, restoring trust in information, and upgrading communities.