Prince Harry and Meghan Markle’s Archewell charity received two grants of more than $6 million in the last two years, but both are missing from the charity’s latest Form 990 tax return, MailOnline can reveal.
The discovery has sparked speculation about what has happened to the Sussexes’ missing millions, although Archewell is understood to believe their records which only declared $2,000,911 are correct and MailOnline can confirm it is legal and the money may appear in the next return. .
The apparent discrepancy couldn’t have come at a worse time for the duke and duchess’s embattled foundation, as it was only given the green light to spend and raise money again earlier this year after charity officials branded it of “delinquent” and “in poor condition.” standing’.
Now Archewell could face another tense few months as the IRS awaits the charity’s next tax return, which may well explain the “missing” millions donated to the couple’s foundation.
Still, this latest revelation will add to speculation that Meghan and Harry’s charity is being backed by a handful of wealthy donors.
Prince Harry and Meghan Markle’s Archewell charity received two grants of more than $6 million in the last two years, but both are missing from the charity’s latest tax return, MailOnline can reveal.
The last two grants were awarded in the 2022/23 financial year. One totaling $6 million was from Fidelity Charitable (pictured)
Another $10,050 was from Tisbet Philanthropy (pictured), as its two 990 forms revealed.
However, Harry and Meghan’s Archewell Foundation only reported $2,000,911 in grants in 2022.
It could mean more trouble for Archewell, which was briefly branded “delinquent” earlier this year.
The latest two grants were awarded in the 2022/23 financial year: one totaling $6 million from Fidelity Charitable and another for $10,050 from Tisbet Philanthropy, both 990 forms revealed.
It is likely that individual donors could have used the companies to donate the money anonymously, as was previously the case with large donations to Archewell.
In 2021, a $10 million anonymous donation was made through the Silicon Valley Community Foundation, a mega-rich nonprofit and a vehicle for extremely wealthy philanthropists to make tax-free grants anonymously.
In 2022, Archewell said he received only two grants of $1 million each from anonymous donors.
Fidelity Charitable could be the recipient used by one or both donors.
Both Fidelity and Tisbet report grants made during the second half of 2022 and the first half of 2023.
This latest revelation will add to speculation that Meghan and Harry’s charity is being backed by a handful of wealthy donors.
It was revealed that Archewell received a $10 million grant from another mystery donor through the Silicon Valley Community Foundation (pictured).
It means Fidelity’s $6 million could have been split over two years and appeared as two separate donations to Archewell, while only one to Fidelity.
The same could happen with Tisbet’s cash.
Even so, all eyes will be on Archewell’s next return on November 15, 2024.
Archewell bosses hope not to repeat their problems with charity officers at the Register of Charities and Fundraisers.
The registry is part of the Department of Justice in California, the state where the Duke and Duchess of Sussex live in a $12 million mansion and run the charity.
In May, it said Archewell failed to properly file its annual report and renewal fees and had prohibited it from raising funds or distributing charitable funds.
Sussex sources claimed that the “delinquency notice” was actually issued because Attorney General Rob Bonta’s office failed to process a $200 check.
That was a different explanation than that offered by the same Sussex sources the night before, who assured that the documentation was submitted on time but the discrepancy was due to a check accompanying the documents that disappeared in the mail.
Sussex sources previously told MailOnline that the Archewell Foundation’s tax returns for 2022 were filed in full in accordance with all US regulations.
In mid-May, the attorney general’s office confirmed that Archwell had regained its status as an active charity, but alarm bells will ring if the charity finds itself in trouble again.
