Archewell Foundation Faces $11M Donation Plunge, but Meghan and Harry Remain Committed to Philanthropy

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Source: New York Post
Archewell Foundation Faces $11M Donation Plunge, but Meghan and Harry Remain Committed to Philanthropy
Photo: New York Post
TL;DR Summary

Prince Harry and Meghan Markle's Archewell Foundation experienced an $11 million drop in donations in 2022 compared to the previous year. The foundation received two $1 million donations, significantly lower than the $13 million received in 2021, resulting in a net revenue of -$674,485. Despite the decrease, Archewell still holds around $8 million in assets. The foundation made donations to organizations such as the Halo Trust and the NAACP Empowerment Programs Inc. The couple does not take an income from the foundation, and executive director James Holt received a pay boost.

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