The new documents also revealed that the foundation has distributed about 25 per cent of the money raised through grants to 25 causes in the United States and three European humanitarian crises.
In all, Archewell in 2021 issued more than $3,096,319 in grants to more than 40 organizations across “key focus areas, including vaccine equity, relief centers, refugee resettlement, and building a better online world,” its impact report said.
Archewell gives 80% of its expenses to charity
This ensures that 80 percent of total expenses go towards their programs, while 20 percent or less is spent on administrative costs.
The Duke and Duchess of Sussex do not pay themselves a salary from Archewell. The information became public after the humanitarian charity released its latest tax return. The Duke and Duchess of Sussex do not pay themselves a salary from Archewell.
According to briefing notes from journalist Omid Scobie, Archewell has raised $13 million in revenue and distributed $3 million in grants across several areas, including “vaccine equity, relief centers, refugee resettlement and building a better online world.”
An impact-driven global nonprofit that puts compassion into action; uplifting and uniting communities locally and globally; online and offline.
The company founded by Prince Harry and Meghan Markle, Archewell has confirmed that Mandana Dayani, stepped down from her position. A significant supporter of Prince Harry and Meghan Markle has resigned as CEO of their Archewell business.
Through their foundation, they've provided 12.66 million COVID-19 vaccines, helped resettle 174,497 refugees, served 50,000 meals to the hungry, and rescued 7,468 individuals from Afghanistan.
Harry and Markle no longer receive money from Harry's royal relatives. The pair announced in early 2020 they would step down as working members of the royal family, and they no longer receive money from the royal family.
However, after Meghan and Harry left the royals, they announced their plan to be “financially independent” and no longer take money from streams like the Sovereign Grant. “They will no longer receive public funds for Royal duties,” Kensington Palace said in a statement in September 2020.
Do The Duke and Duchess of Sussex earn income? No, under the current structure and financing arrangements, they are prohibited from earning any income in any form.
Prince Harry, Meghan Markle work 1 hour a week for $13M Archewell charity: tax docs.
Archewell is the organization founded by The Duke and Duchess of Sussex that currently includes: The Archewell Foundation. Archewell Audio.
In January 2023, Shauna Nep was named as co-executive director to work alongside executive director James Holt. Miranda Barbot joined the foundation as director of global communications and press secretary, while Maren Thomas was named manager of communications, and will work alongside Deesha Tank.
The Queen is most likely to inspire charity donation
Other Royals who inspire support include The Duchess of Cambridge (7%), Princess Anne (5%), and Prince William (5%). The findings are revealed in the year The Queen becomes the first British Monarch to celebrate a Platinum Jubilee after 70 years of service.
As for why the Queen left Meghan out of her inheritance, Radar Online's source speculated that it could be due to either “practicality” or Harry and Meghan's drama with the British royal family in the years leading up to the Queen's death.
How Does Prince Harry Make Money? While Harry was in the Royal Air Force, he made over $45,000 a year, according to a report by Fortune in November 2017. He and Meghan have since launched their Archewell Productions media company and signed a major deal with Netflix in 2020, allowing the pair to have a steady income.
That means that when they made the decision to step back from their roles as senior working royals, Harry and Meghan were left with a meager sum of $13 million (estimated by Forbes), largely made up of the inheritance from Harry's late mother's estate.
“Spare” sold more than 1.43 million copies in all formats in the United States, Canada and Britain, including pre-orders, according to its publisher. The figure marked the largest first-day sales for any nonfiction book ever published by Penguin Random House, the world's largest publisher.
Prince Harry's explosive memoir, Spare, co-written by famed ghostwriter JR Moehringer, sold more than 3.2 million copies worldwide after just one week of publication.
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The company founded by Prince Harry and Meghan Markle, Archewell has confirmed that Mandana Dayani, stepped down from her position. A significant supporter of Prince Harry and Meghan Markle has resigned as CEO of their Archewell business.
Ben Browning is set to return to FilmNation at the end of the month and will serve as president of production after departing the Duke and Duchess of Sussex's Archewell Productions and Archewell Audio.
The monarch has no powers to remove titles and this would require an act of parliament.
Charles subsequently gave them "a substantial sum" to support their transition to financial independence. Duchy of Cornwall accounts show that the couple - along with Prince William and Catherine - received £4.5m between April and June 2020.