While Prince Harry and Meghan Markle were flexing their charms in Nigeria, the bad news came that the Archewell Foundation, which they founded, was in big trouble.
According to news on May 13, local time, California Attorney General Rob Bonta, on behalf of the Registry of Charities and Fundraising Agencies, issued a notice of delinquency to the Archwell Foundation.
According to the notice, the Archiwell Foundation was "listed as delinquent by the Charities and Fundraisers Registry for failing to file the required annual report and/or renewal fees." "Organizations classified as illegal are in poor credit and are prohibited from engaging in conduct that requires registration, including the collection or payment of charitable funds." "The organization may also be penalized, and its registration may be suspended or revoked by the registry. Once you have submitted your delinquency record, you will be notified of the amount of the late fee owed. ”
It is worth noting that one of the main purposes of Harry and Meghan's trip to Nigeria was to expand the reach of their foundation in order to attract more partners.
Now that delinquency notices documenting "bad reputation" have been made public, potential partners are bound to be suspicious of them.
According to the latest news, the Alchewell Foundation has responded, claiming that they "inadvertently did not include a check" when submitting the documents, and they only realized this when they saw the delinquency notice, and then mailed a new check, hoping to resolve the issue quickly.
The Archewell Foundation, a non-profit organization established by Harry and Meghan after stepping down as a senior member of the British royal family in 2020, said that the "core purpose" is simple, which is to "do good". "We elevate and unite online and offline communities, both locally and globally, by showing up, taking action, and leveraging our unmatched spotlight capabilities."
As good as it sounded, the foundation faced a series of problems, and more importantly, it received less and less donations, which in turn led to losses for the foundation.
It is reported that in 2021, the Archiwell Foundation's revenue exceeded $9 million, but by 2022, the deficit reached $674,000. But at the same time, James Hoult, the foundation's executive director, has seen his salary rise by 2.8 times compared to when he first joined.
CharityWatch, the only independent charity regulator in the United States, has determined that the Alchewell Foundation is "inadequately governed and transparent."
In addition, CharityWatch noted that while the Atchiwell Foundation's report has five "executives, directors, trustees, key employees and the highest-paid employee," there are only two board members, Harry and Meghan.
"This is not in line with widely accepted best practices for nonprofit boards in the U.S., which generally recommend a minimum board size of five to seven members," the regulator said, explaining why, "small boards run the risk of not representing a broad enough public interest and lacking the skills and other resources needed to effectively manage the organization." ”
Obviously, after leaving the royal family, Harry and Meghan have not achieved the "good life" they expected, and the capital to consume the royal family and use the royal status to profit is getting less and less. It's not hard to live quietly, but the problem is that even if Harry wants to, Meghan can't give up.