OMG!

Archwell Foundation Faces Financial Setback After Meghan's $9 Million Scandal Revealed

The Archwell Foundation, which is spearheaded by Prince Harry and Meghan Markle, has experienced a significant decrease in donations, following the exposure of a massive scandal involving Meghan Markle and a staggering $9 million.

This shocking turn of events has cast a shadow over the Foundation's finances.

In their recently released tax returns for 2022, the Archwell Foundation unveiled a stark contrast to the previous year, where they witnessed a substantial decline in contributions.

In 2021, the Foundation experienced a robust growth, with over $13 million in donations from various sources.

However, this year has taken a dramatic turn, as only two sponsors have contributed a mere fraction of the previous year's total.

Detailed financial documents reveal that these two donors collectively donated $1 million, resulting in a staggering drop of $11 million within a span of just one year.

Adding to their financial woes, the RWE Foundation recorded a loss of $674,000 due to a significant shortfall in donations.

This is a notable difference from the previous year, where the Foundation achieved profits exceeding $7.1 million.

Tax reports also shed light on the workload of Prince Harry and Meghan Markle.

Despite their roles as directors, the Sussexes are expected to dedicate only one hour per week to the Foundation's financial affairs.

While the Foundation's total revenue for the year amounted to $2 million, considering donations and investment income, their expenses surpassed this figure, reaching a total of $2 million in employment costs.

The Foundation currently employs five individuals, with a combined salary of $509,000.

It is worth mentioning that although Prince Harry and Meghan Markle are listed as trustees or directors, they do not receive salaries.

In contrast, Chief Executive James Holt earned $227,000, including a $15,000 bonus.

Interestingly, the tax documents also highlight the couple's utilization of their royal titles.

The Foundation is described as Archwell, an impact-driven non-profit organization founded by the Duke and Duchess of Sussex, emphasizing the continued incorporation of their prestigious titles into the Foundation's identity.

The world eagerly awaits to see how Prince Harry and Meghan Markle will navigate these financial challenges and steer their philanthropic endeavors in the coming years.

The significant drop in donations to the Archwell Foundation in 2022 raises questions about the future of their charitable initiatives.

Share your thoughts on this news in the comments section.

Let us know what you think.

As for now, we can only wait and see how things unfold.

To stay updated with the latest royal news and never miss out on hot updates like this, remember to subscribe and hit the bell icon.

It's as simple as that.

Stay tuned for more exciting updates.