Meghan Accused of Faking Tax Report as Shady Money Found in Archwell

Meghan Markle and Prince Harry's philanthropy organization, the Archwell Foundation, has come under scrutiny after allegations of a fake tax report surfaced.

While reports suggested that the foundation was facing financial difficulties due to a significant decrease in revenue between 2001 and 2022, sources with direct knowledge have provided missing context.

According to these sources, the organization's financial health cannot be measured solely by profit and loss, as it is not a corporation.

In fact, the Archwell Foundation is still thriving, having ended the year with over $8 million in its bank account.

The focus of the report was on the decline in donations between 2021 and 2022, dropping from $13 million to approximately $2 million.

Additionally, the foundation recorded a loss of around $674,000, as expenses exceeded revenue in the past year.

However, it is important to consider the context.

It is not uncommon for charitable organizations to experience a decrease in donations after their debut year, with the first year often being the strongest.

The Archwell Foundation wisely stored the substantial cash influx it received between 2020 and 2021, using it to fund its long-term goals.

Therefore, while donations may have decreased, the foundation remains committed to its philanthropic endeavors.

While the Archwell Foundation is currently in a stable position within the 501 world, there is pressure to explore new avenues for generating donations and revenue.

It is crucial for the foundation to continue its mission effectively.

However, allegations have arisen suggesting that Archwell serves as a means for Meghan and Harry to evade taxes and hide money.

As it was only their second full year, the large sum of money stashed away may not last long if they have to rely on it so soon.

Despite their intention to give out as much as possible and dip into reserves if necessary, the foundation did not donate the entire $8 million.

Instead, they contributed roughly a million dollars in the past year.

This raises questions about the missing funds, as the 2021 990 report indicated that there was closer to $9 or $10 million left undonated.

It appears that operating expenses exceeded donations, leading to the use of some of the reserved funds.

Additionally, the foundation's focus on long-term projects and multi-year funding also contributes to the need for financial reserves.

In official documents, it is revealed that Prince Harry and Meghan Markle, referred to as the Duke and Duchess of Sussex and co-directors in the company's records, only work an hour a week at the Archwell Foundation.

In contrast, Executive Director James Holt works 40 hours a week, alongside Michael Del Stein, the firm's strategic advisor, and Sean Annette, who serves as treasurer, both also working the same amount of hours.

This means that Meghan and Harry collectively dedicate a mere two days a year to the foundation.

While the limited time commitment of the Duke and Duchess of Sussex is notable, the focus should be on whether charity funds are being used for extravagant expenses.

Questions arise regarding commercial airfare and a secure hotel near the venue for a mental health event.

It is important to determine whether these expenses are reasonable or excessive.

However, there is no evidence to suggest that the couple is funding any significant projects with the foundation's resources.

In conclusion, the accusations surrounding the Archwell Foundation's financial situation and Meghan and Harry's involvement raise concerns about transparency and accountability.

The missing million dollars and the limited time commitment of the Duke and Duchess of Sussex warrant further investigation.