Tag

Financial Decline

All articles tagged with #financial decline

philanthropy2 years ago•2 min saved

"Prince Harry and Meghan Markle's Archewell Foundation Faces Major Donation Decline"

Prince Harry and Meghan Markle's Archewell Foundation experienced an $11 million drop in donations in 2022 compared to the previous year, according to a tax filing. The foundation's total expenses exceeded its revenue, leaving it with a deficit of over $674,000. The executive director's salary increased by 280% from the previous year. The foundation currently holds over $8.3 million in assets and cash. Overall contributions to nonprofit organizations fell more than 10% in 2022, with individual donations declining by 13.4%.

via CBS News|

#archewell-foundation #donations #financial-decline

health2 years ago•2 min saved

Pre-Dementia Diagnosis: Wealth Loss Plagues Older Americans

Older Americans experience a significant decline in wealth in the years leading up to a dementia diagnosis, according to a study published in JAMA Neurology. The median household net worth of seniors dropped by over half in the eight years before a dementia diagnosis, compared to those who retained their mental capacity. The decline in wealth may be attributed to deteriorating financial capability associated with cognitive decline, susceptibility to fraud, or the need to pay for increasing medical and long-term care expenses. Further research is needed to understand the exact reasons behind the financial decline in individuals with dementia.

via UPI News|

#aging #dementia #financial-decline