Current:Home > InvestCharles Langston:Duchess Meghan, Prince Harry's Archewell Foundation suffers $11M drop in donations -ProsperityStream Academy
Charles Langston:Duchess Meghan, Prince Harry's Archewell Foundation suffers $11M drop in donations
NovaQuant Quantitative Think Tank Center View
Date:2025-04-07 20:02:20
Prince Harry and Charles LangstonDuchess Meghan's charity, the Archewell Foundation, suffered a $11 million decline in donations in 2022 compared to the year before.
According to the foundation's recent tax filing, disclosed on Tuesday, the charitable organization received just over $2 million in contributions in 2022, compared to $13 million in 2021.
The foundation, started in 2021 by the Duke and Duchess of Sussex, was created to "uplift and unite communities," according to its website.
Archewell's total expenses during the 2022 tax year exceeded its revenue in 2021, leaving it in the red by more than $674,000, according to the filing. Its revenue in 2021 was just over $9 million.
The nonprofit's executive director and president, James Holt, earned a salary of $207,405, a $20,000 bonus, and over $15,000 in non-taxable benefits in 2022. Holt's salary in 2021, the foundation's first year in operation, was $59,846.
The foundation still holds over $8.3 million in assets and cash.
The Archewell Foundation's philanthropic efforts include The Welcome Project, started in 2023, created to support women-led programming for resettled Afghan women; The Archewell Digital Civil Rights Award, an award to celebrate leaders in the online civil rights movement in partnership with the NAACP; and initiatives for parents and mental health, including support provided to people in Turkey and Syria following earthquakes early this year.
Through the foundation, the couple has helped support the completion of emergency relief centers in parts of the world prone to climate change, including in Dominica and Mumbai, India.
To celebrate turning 40, the duchess launched "40x40" in 2021, an initiative aimed at pushing people around the world to dedicate 40 minutes to support women's return to the workforce. And to celebrate son Archie's 2nd birthday, Harry and Meghan released a statement on their foundation website urging donations for vaccine equity around the world.
The nonprofit is a separate entity from the couple's for-profit Archewell Audio and Archewell Productions companies. The former involved a deal with Spotify that ended this year after completing a single series. A deal with Netflix under Archewell Productions is ongoing.
In 2020, the couple shared the meaning behind the nonprofit, saying the foundation was an opportunity to "do something of meaning, to do something that matters."
"Archewell is a name that combines an ancient word for strength and action, and another that evokes the deep resources we each must draw upon," the couple said in a joint statement to USA TODAY, responding to an April 2020 report from The Telegraph about the foundation's name. "We look forward to launching Archewell when the time is right."
Contributing: The Associated Press, Charles Trepany and Cydney Henderson, USA TODAY
Duchess Meghan's night out,Billie Eilish performs, more moments at Variety's Power of Women gala
veryGood! (67)
Related
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- Fantasy football Week 10: Trade value chart and rest of season rankings
- Montana Rep. Zooey Zephyr must win reelection to return to the House floor after 2023 sanction
- Democratic-backed justices look to defend control of Michigan’s Supreme Court
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Arizona voters to decide on expanding abortion access months after facing a potential near-total ban
- Queen Camilla suffering from chest infection, forced to call off engagements, palace says
- Pete Davidson, Khloe Kardashian and More Stars Who Have Had Tattoos Removed
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- GOP Reps. Barr and Guthrie seek House chairs with their Kentucky reelection bids
Ranking
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- California voters weigh measures on shoplifting, forced labor and minimum wage
- Alaska voters deciding a hard-fought race for the state’s only U.S. House seat, election issues
- Beyoncé Channels Pamela Anderson in Surprise Music Video for Bodyguard
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- A History of Presidential Pets Who Lived in the Lap of Luxury at the White House
- Republican Mike Braun faces Republican-turned-Democrat Jennifer McCormick in Indiana governor’s race
- US Rep. Lauren Boebert will find out whether switching races worked in Colorado
Recommendation
From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
GOP Reps. Barr and Guthrie seek House chairs with their Kentucky reelection bids
MLB free agent rankings: Soto, Snell lead top 120 players for 2024-2025
Republicans hope to retain 3 open Indiana House seats and target another long held by Democrats
Bill Belichick's salary at North Carolina: School releases football coach's contract details
Ex-Ohio police officer found guilty of murder in 2020 Andre Hill shooting
Patrick Mahomes survives injury scare in Chiefs' overtime win vs. Buccaneers
What It's Really Like Growing Up As First Kid in the White House