Current:Home > ScamsBurley Garcia|Duchess Meghan, Prince Harry's Archewell Foundation suffers $11M drop in donations -Excel Wealth Summit
Burley Garcia|Duchess Meghan, Prince Harry's Archewell Foundation suffers $11M drop in donations
Johnathan Walker View
Date:2025-04-09 11:53:44
Prince Harry and Burley GarciaDuchess 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! (68)
Related
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Miley Cyrus Goes Back to Her Roots With Brunette Hair Transformation
- Mother’s Day 2023: The Best Sales & Deals on Gifts From Kate Spade, Coach, Nordstrom Rack, and More
- Sofia Richie Marries Elliot Grainge During Lavish Ceremony in South of France
- Trump's 'stop
- Kim Kardashian's Met Gala 2023 Look Might Be Her Most Iconic Ever
- Kendall Jenner Rocks a Daring Look on Night Out With Bad Bunny
- Mark Wahlberg Shares Update on His Kids After Family Move From Hollywood to Las Vegas
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Save 36% on the It Cosmetics Buildable, Blendable, Long-Lasting Eyeshadow Sticks
Ranking
- South Korean president's party divided over defiant martial law speech
- The EPA approves California's plan to phase out diesel trucks
- 15 Skimpy Swimwear Essentials for Showing Off in Style: Triangle Tops, Cheeky Bottoms & More
- The EPA's watchdog is warning about oversight for billions in new climate spending
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- Vanderpump Rules Couples Status Check: See Who's Still Together
- The U.S. plans new protections for old forests facing pressure from climate change
- Check Out the Most Surprising Celeb Transformations of the Week
Recommendation
Skins Game to make return to Thanksgiving week with a modern look
The Best Dressed Stars at the 2023 Met Gala Will Make Your Jaw Drop
Kate Spade 24-Hour Flash Deal: Get This $360 Reversible Tote Bag for Just $79
Why deforestation means less rain in tropical forests
Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
17 Surprising Met Gala Secrets Revealed: $30,000 Tickets, an Age Limit and Absolutely No Selfies
Get a $69 Deal on $155 Worth of Josie Maran Skincare Products
How Prince William Got Serious and Started Treating Kate Middleton Like a Queen