Archuel Foundation Faces $11 Million Decline in Donations, Raises Questions About Financial Management

In a shocking turn of events, the Archuel Foundation has experienced a significant decline in donations, with a staggering $11 million drop in the past year alone.

This decline paints a dire picture for the foundation, especially when compared to their previous year's financial success, where they received a whopping $13 million in contributions.

So, what exactly happened to the lavish donations that once filled Archuel's coffers?

It appears that those golden days are over.

The foundation's tax returns for 2022 revealed that two anonymous donors graciously offered a mere $1 million each, which is a sharp contrast to the previous year's windfall, including an astonishing $10 million donation from a mysterious benefactor.

This financial tide has turned, and Archuel is now operating at a loss, with a net revenue deficit of $674,485, a significant drop from the $9 million net revenue reported in 2021.

While the foundation faces financial troubles, Archuel's Executive Director, James Holt, seems to be enjoying quite the payday.

Despite the organization's financial woes, Holt received a jaw-dropping salary increase of $170,000, bringing his total compensation to approximately $227,405, which includes a generous $20,000 bonus.

This decision raises eyebrows and questions about the allocation of funds within the foundation.

It's worth noting that Prince Harry and Meghan, the Duke and Duchess of Sussex, are not taking a salary from Archuel.

However, with operational expenses exceeding $2.6 million and the foundation operating at a loss, concerns arise about the financial management of this impact-driven non-profit organization.

Although Archuel claims to maintain $8 million in assets, the evident financial struggles raise doubts about the sustainability of their grand philanthropic plans.

Perhaps this decline in donations indicates a shift in public sentiment toward Prince Harry and Meghan.

Despite the setback, Archuel has made donations totaling about $1.2 million, including $100,000 to the Hilo Trust, a demoning charity closely associated with Princess Diana.

Additionally, $125,000 was contributed to the NAACP Empowerment Programs, Inc. for the NAACP Archuel Digital Civil Rights Award.

These initiatives were highlighted in Archuel's recently released 2022-2023 Impact Report.

The report also featured a joint statement from Prince Harry and Meghan, expressing their intentions behind the award, stating, “When we founded this award with the NAACP, we wanted to highlight and uplift people across the country who are transforming the digital world for the better.”

While this effort is commendable, the financial struggles of Archuel inevitably cast a shadow over their charitable endeavors.

In response to the financial downturn, Archuel released a video showcasing Prince Harry and Meghan's involvement in various initiatives.

However, critics argue that this might be an attempt to divert attention from footage of Kate Middleton and her children volunteering at a baby bank.

The royal family's dynamics continue to be a hotbed of tension and competition, even in the realm of philanthropy.

As Archuel grapples with financial turmoil, questions arise about its future and the effectiveness of its charitable contributions.

What went wrong, and can Prince Harry and Meghan recover from this setback?

Only time will tell.

However, one thing is certain – the Archuel Foundation is currently facing a storm, and the fallout could be monumental.

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