Must Read
Troubles Brewing at Archforth: Prince Harry and Meghan Markle’s Charity Faces Chaotic Productivity Levels
Kinsey Schofield, a commentator from Roar, has raised concerns about the operational efficiency of the Archforth Foundation, the charitable organization founded by Prince Harry and Meghan Markle.
Schofield revealed that the royal couple dedicates only one hour per week to their philanthropic endeavors, a revelation reportedly uncovered during their interactions with the Internal Revenue Service (IRS), the American tax collection agency.
Expressing her thoughts on the couple's work ethic, Schofield highlighted that their contract with Spotify was terminated due to perceived lack of productivity.
The chaos within Archforth Productions seems to be escalating, with their Netflix deal coming under pressure, possibly due to productivity issues.
The abrupt end of the Sussexes' deal with Spotify followed the release of just one 12-episode series of Meghan's podcast, Archetypes, despite the initial success of the venture.
Back in late 2020, Prince Harry and Meghan secured an £18 million agreement to produce podcasts, with Meghan's podcast even winning an award at the People's Choice Awards in Los Angeles.
However, reports indicated that the couple failed to meet the required targets for a full payout, leading to the non-renewal of the deal.
In a joint statement, Archival Audio and Spotify expressed mutual pride in the podcast series they collaborated on, featuring Meghan engaging in conversations with notable personalities like Serena Williams, Mariah Carey, and Paris Hilton.
Following the fallout with Spotify, Meghan has now partnered with Lemonada Media for a new podcast venture focused on sharing personal stories and exploring introspective themes, moving away from traditional celebrity-centric content.
Insiders suggest that Meghan's primary focus will revolve around philanthropic topics, aligning with the couple's efforts to establish themselves as influential figures in Hollywood post their royal exit in 2020.
Recent developments have brought scrutiny upon Archival's financial activities, with rumors circulating about an IRS investigation into potential money laundering activities following discrepancies in the tax filings.
The latest tax documents have raised questions about the foundation's financial dealings and grant-related matters, revealing a significant decline in contributions for the year 2022 compared to the previous year.
Despite facing challenges, Archival still holds substantial assets amounting to over $8.3 million, indicating financial stability amidst the turbulent times.
The disclosure of tax filings unveiled a decline in contributions for Archival, with the foundation receiving a mere $2 million in 2022, a stark contrast to the $13 million raised in 2021.
Notably, almost all of the funds in 2022 originated from two undisclosed donors.
The documents also shed light on the foundation's past financial activities, showing a substantial anonymous donation of $10 million out of the $13 million raised in 2020.
Speculation surrounds the identity of this generous donor, with critics questioning the motives behind such significant contributions and raising concerns about potential ulterior motives behind the foundation's operations.
Critics have voiced apprehensions regarding the utilization of Archival by Prince Harry and Meghan, suggesting that it could serve as a front for activities like money laundering, tax evasion, and advancing personal agendas.
Questions have emerged regarding the decision to incorporate the foundation in Delaware, a state known for its business-friendly regulations and tax benefits, a move that some perceive as an attempt to shield financial transactions and avoid close scrutiny by regulatory bodies.
As the saga unfolds, the future of Archforth and its endeavors remains under the spotlight, with uncertainties looming over the fate of the charity amidst the swirling controversies and investigations.