Current:Home > MyDuchess Meghan, Prince Harry's Archewell Foundation suffers $11M drop in donations-LoTradeCoin
Duchess Meghan, Prince Harry's Archewell Foundation suffers $11M drop in donations
View Date:2024-12-23 19:15:26
Prince Harry and Duchess 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! (32843)
Related
- Joey Logano wins Phoenix finale for 3rd NASCAR Cup championship in 1-2 finish for Team Penske
- John Barth, innovative postmodernist novelist, dies at 93
- Festival-Approved Bags That Are Hands-Free & Trendy for Coachella, Stagecoach & Beyond
- Shannen Doherty Details Letting Go of Her Possessions Amid Cancer Battle
- Saks Fifth Avenue’s holiday light display in Manhattan changing up this season
- Jurors to begin deliberating in case against former DEA agent accused of taking bribes from Mafia
- Hard landing kills skydiver at Florida airport for the second time in less than 2 years
- Nicole Richie and Joel Madden's Kids Harlow and Sparrow Make Red Carpet Debut
- Patricia Heaton criticizes media, 'extremists' she says 'fear-mongered' in 2024 election
- Maryland lawmakers debate tax and fee package. Some Democrats worry it may cost party the US Senate
Ranking
- California man allegedly shot couple and set their bodies, Teslas on fire in desert
- Brilliant performance from Paige Bueckers sets up showdown with Caitlin Clark, again
- Lionel Messi returns to Inter Miami practice. Will he play vs. Monterrey in Champions Cup?
- Suspect captured in Kentucky after Easter shooting left 1 dead, 7 injured at Nashville restaurant
- Mississippi rising, Georgia falling in college football NCAA Re-Rank 1-134 after Week 11
- Longtime north Louisiana school district’s leader is leaving for a similar post in Texas
- Women's March Madness ticket prices jump as Caitlin Clark and Angel Reese rise to stardom
- US first-quarter auto sales grew nearly 5% despite high interest rates, but EV growth slows further
Recommendation
-
US Open finalist Taylor Fritz talks League of Legends, why he hated tennis and how he copied Sampras
-
John Barth, innovative postmodernist novelist, dies at 93
-
Voters reject Jackson County stadium measure for Kansas City Chiefs, Royals
-
Prosecutors in Trump’s classified documents case chide judge over her ‘fundamentally flawed’ order
-
It's Red Cup Day at Starbucks: Here's how to get your holiday cup and cash in on deals
-
Angie Harmon Shares Touching Message After Her Dog Is Killed by Deliveryman
-
With March Madness on, should I be cautious betting at work or in office pools? Ask HR
-
Did women's Elite Eight live up to the hype? Did it ever. Iowa-LSU, USC-UConn deliver big