"Prince Harry and Meghan's Archewell Foundation Faces $11 Million Donation Plunge"

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Source: Yahoo Finance
"Prince Harry and Meghan's Archewell Foundation Faces $11 Million Donation Plunge"
Photo: Yahoo Finance
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, according to tax filings. The foundation received just over $2 million in charitable contributions in 2022, compared to $13 million in 2021. Additionally, the organization's total expenses exceeded its revenue, leaving it with a deficit of over $674,000. The foundation's executive director saw a significant increase in salary, earning $227,405 in 2022. Despite the decline in donations, the foundation still holds assets and cash totaling over $8.3 million.

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