Prince Harry and Meghan Markle only worked one hour a week at their Archewell Foundation in 2021 – during which the nonprofit dished out over $3million in grants but failed to raise more than $4,500 in public donations, tax records reveal.
The humanitarian charity has released its latest tax return, which shows it was mostly propped up by two wealthy philanthropists who contributed a combined $13million, while taking in a meager $4,470 from the public.
In total, Archewell received a total $13,005,660 – with $10million coming from an individual donor as DailyMail.com first reported, $3million from another, and $4,470 from other ‘contributions and grants – and the remaining $1,190 coming from ‘investment income’, documents obtained by DailyMail.com reveal.
The Archewell Foundation’s 2021 tax filings reveal it was mostly propped up by two philanthropists whose contributions make up the majority of the charity’s $13million revenue
In total, the charity raised $13,005,660 – $13m from two donations, $4,470 from other ‘contributions and grants’, and $1,190 from ‘investment income’
It’s led to speculation from fans that the larger donation has come from Oprah Winfrey in return for the interview the Duke and Duchess of Sussex gave in March 2021, which rocked Buckingham Palace, and the other $3million came from Harry himself, as part of the $20million advance he received for his controversial autobiography Spare.
Archewell dished out $3,096,319 in grants – or 24 per cent of its income – for 2021, tax filings show
The charity spent $3,096,319 dishing out grants, which amounts to 24 per cent of its income, and now has $9,018,590 in reserves.
The document also reveals that Harry and Meghan only worked one hour each a week at the foundation, thus, 52 hours a year.
This is similar to one week’s full-time work, which begs the question how the couple have been spending their time when this appears to have been their main focus.
The charity spent $163,085 on salaries, according to the filings.
While Harry and Meghan don’t take a salary, CEO James Holt also works an hour a week and receives a $59,846 salary and $3,832 in other benefits, which means he’s earning $1,224-an-hour.
There are two other salaries on the tax return – $40,867 for ‘program service’ and $22,811 for ‘management and general expenses’.
Two unidentified wealthy donors contributed a combined $13million to Harry and Meghan’s Archewell Foundation, which makes up approximately 99% of the charity’s total 2021 income
The Sussexes launched Archewell (website pictured) in April 2020 after applying to trademark the name a month earlier
This suggests the charity has only three paid staff, one being the CEO, another delivering programs, and an administrative assistant.
Since 2018, 16 employees have left the Archewell brand, which is a mix of non-profit and for-profit business including Archewell Productions and Archewell Audio.
Other expenses on the return total $727,666 including $427,110 on legal fees, $69,042 on conferences, conventions and meetings, and $12,096 on travel.
It doled out $3 million-plus in grants to 25 US institutions or NGOs, and $186,319 to three European causes.
The 990 tax form is an overview of all revenue, donations and expenditure for tax-exempt organizations.
Archewell’s 2021 tax return should have been filed with the IRS by May 15, 2022, but appeared on its website ten months after that deadline.
Although it’s not clear when it was filed with IRS, as it’s still not showing up on the IRS website.
In 2020, Archewell was allowed to send in an abbreviated 990 form, called an ‘ePostcard’, as it had received less than $50,000 in revenue and had been in existence in the US for less than one year.
The foundation released its impact report in January saying it helped pay for 12.66 million Covid-19 jabs around the world while working with anti-poverty charity Global Citizen.
Money was also handed to charities supporting refugees from Afghanistan and Ukraine.
A handout by Archewell shows Prince Harry taking part in a Q&A with the San Francisco-based company 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 $13million in revenue and distributed $3million in grants to projects, including procuring 12.66 million Covid-19 jabs around the world while working with anti-poverty charity Global Citizen
Harry and Meghan say Archewell, named after their eldest son Archie, is also spending money on ‘building a better online world’.
It included cash donated to a foundation which provided an online guide ‘for promoting gender equity by fostering positive masculinity in boys and men’ and aimed to ‘challenge harmful gender stereotypes’.
The duchess has handpicked several projects herself. These include one scheme in Antioch, Tennessee, where children can receive free hair braiding. After visiting the Uvalde massacre vigil she also chose to a play park for local children after seeing their ‘grief firsthand’.
Archewell will spend the next year working on ‘three main pillars’ – building a better online world, restoring trust in information, and uplifting communities.
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Read more at DailyMail.co.uk