Must Read
Princess Anne Takes Control of Prince Harry’s Trust Fund Following Controversial Statements
Princess Anne, known for her dedication to the monarchy and loyalty to the late Queen Elizabeth, has emerged as a key figure in keeping the Windsor family together.
Despite being caught in multiple controversies involving Prince Harry, Meghan Markle, and Prince Andrew, Princess Royal continues to perform official duties and engagements on behalf of the monarch.
With over 300 organizations under her patronage or presidency, including Wise Writers for Health and Careers, Princess Anne is actively involved in charitable work.
These trusts focus on sports science, disability support, and healthcare in developing countries.
Additionally, she serves as the main trustee for the trust established by Queen Majesty.
In the United Kingdom, trusts are commonly set up to provide beneficiaries with a regular income while allowing occasional release of capital for larger expenses such as buying property or funding weddings.
Any release of capital typically requires approval from the Board of Trustees and their director.
This mechanism offers a way to safeguard capital from tax authorities and family members who may not handle large sums responsibly.
According to a royal source, on Princess Anne's upcoming birthday, which falls on August 15th, she will assume full control of Prince Harry's trust fund.
This decision comes in light of Harry's recent controversial statements about the Royal Family, which were deemed damaging to the charitable organizations he represents.
A source close to the Royal Family stated, “You really don't want people who are divisive representing your charity.”
Given Princess Anne's unwavering dedication to charity work and positive impact initiatives, it was decided that most of the funds Harry represents will be transferred to her.
Despite losing the trust fund, Harry will retain his private patronages and presidencies with various charitable organizations, including African Parks, Dole SIU, the Henry Van Rosie Memorial Map, Rhino Conservation, Botswana Charity, St. Paul's, and Wealthchild.
However, it remains uncertain how much influence he will maintain over their operations.
This decision to transfer Harry's trust funds to Princess Anne coincides with reports suggesting that the Duke and Duchess of Sussex have struggled to make a significant impact with their charity work in the United States.
Sources indicate that their efforts have failed to gain substantial exposure, and they have faced challenges fulfilling their business contracts due to mental health issues.
Furthermore, the Sussexes' Charitable Foundation is registered in Delaware, a state known for its lenient regulations regarding charitable organizations.
In Delaware, charities are only required to allocate 5% of their income to actual charitable work, while the remaining 95% can be used for expenses.
This has led to criticism that the Sussexes are using their charity as a means of self-promotion and a way to channel funds into their own coffers.
Harry's recent statements have also resulted in the loss of patronage from the London Marathon Charitable Trust.
He admitted to drug use, claimed responsibility for taking lives, bullied a disabled individual, and made numerous paranoid and baseless accusations against the royal family.
Meghan Markle, who believed she was in for a shopping spree, has found herself outmatched by the regal and steadfast Princess Royal.
Markle may need a pride, but she lacks the qualities to measure up.
In conclusion, Princess Anne's assumption of control over Prince Harry's trust fund reflects the Royal Family's decision to distance themselves from his divisive actions.
With her extensive involvement in charitable organizations and dedication to making a positive impact on the world, Princess Anne is seen as a more suitable representative for these causes.
Meanwhile, the Sussexes continue to face challenges in their charity work, struggling to gain exposure and fulfill their commitments in the United States.