Meghan Markle, Prince Harry’s Archewell Foundation Not in Financial Trouble

Meghan Markle, Prince Harry’s Archewell Foundation Not in Financial Trouble
Meghan Markle, Prince Harry’s Archewell Foundation

Introduction

Despite recent reports claiming that Meghan Markle and Prince Harry’s Archewell Foundation is facing a significant decrease in donations and a possible loss of their royal titles, the truth is far from that. In fact, the foundation is not in financial trouble at all, and has been making a positive impact in various areas of social justice, humanitarian aid, and media reform.

Archewell Foundation is the non-profit organization that the Duke and Duchess of Sussex established in 2020, after stepping back as senior members of the British royal family. The name Archewell comes from the Greek word “arche”, meaning “source of action”, and reflects the couple’s vision of creating a better world through compassionate service.

According to the foundation’s first official report, released in March 2023, Archewell Foundation raised over $13 million in donations in 2021, and distributed $3 million in grants to various causes2. Some of the beneficiaries include World Central Kitchen, Harvard University, NAACP, and the Loveland Foundation.

The report also details some of the achievements and partnerships of Archewell Foundation, such as procuring 12.66 million COVID-19 vaccines for the global population through Global Citizen2, launching The Welcome Project to support refugee resettlement, and producing content for Netflix and Spotify that promotes diversity, inclusion, and mental health.

However, some media outlets have been spreading false or misleading information about Archewell Foundation, suggesting that it is struggling financially or losing its relevance. For example, one article claimed that the foundation saw an $11 million decrease in donations in 2022, without providing any evidence or source. Another article speculated that the couple could lose millions if their royal titles are stripped, implying that their foundation relies on their royal status for funding.

These rumors are not only unfounded, but also unfair to the work and mission of Archewell Foundation. As the co-founder of Global Citizen, Michael Sheldrick, clarified, the foundation has been a valuable partner in promoting vaccine equity and mobilizing public and private sector support6. Moreover, the foundation did not open a bank account until January 2021, and is required to detail its finances through a public “Form 990” with the IRS at the end of the year. Therefore, any claims about its financial situation are premature or inaccurate.

How Archewell Foundation Raised and Spent $13 Million in 2021

How Archewell Foundation Raised and Spent $13 Million

One of the main sources of income for Archewell Foundation in 2021 was the multi-year deal that Meghan Markle and Prince Harry signed with Netflix in September 2020. The deal, which is estimated to be worth $100 million, allows the couple to produce documentaries, feature films, scripted shows, and children’s programming for the streaming giant. Some of the projects that have been announced or released under this deal include Heart of Invictus, a documentary series about the Invictus Games, Pearl, an animated series about a young girl inspired by influential women in history, and The Me You Can’t See, a docuseries about mental health co-produced with Oprah Winfrey.

Another source of income for Archewell Foundation in 2021 was the exclusive podcast deal that Meghan Markle and Prince Harry signed with Spotify in December 2020. The deal, which is estimated to be worth $25 million, allows the couple to create and host podcasts that showcase diverse voices and perspectives. The first podcast that they launched under this deal was Archewell Audio, which features conversations with inspiring guests such as Elton John, James Corden, and Stacey Abrams.

In addition to these deals, Archewell Foundation also received donations from individuals and organizations who support its mission and vision. According to the foundation’s report, it raised over $13 million in donations in 2021, and distributed $3 million in grants to various causes. Some of the beneficiaries include World Central Kitchen, which provides meals to communities affected by disasters, Harvard University, which conducts research on racial justice and reconciliation, NAACP, which advocates for civil rights and social justice, and The Loveland Foundation, which offers therapy to Black women and girls.

Archewell Foundation did not open a bank account until January 2021, and is required to detail its finances through a public “Form 990” with the IRS at the end of the year. Therefore, any claims about its financial situation are premature or inaccurate. The foundation has also stated that it operates with transparency and accountability, and that it follows the highest standards of governance and compliance.

How Archewell Foundation Made a Positive Impact in the World

Why Archewell Foundation Deserves Our Support and Respect

Archewell Foundation is not only financially stable, but also socially impactful. The foundation has been involved in various areas of social justice, humanitarian aid, and media reform, and has partnered with several organizations and individuals who share its values and goals.

One of the most notable achievements of Archewell Foundation in 2021 was procuring 12.66 million COVID-19 vaccines for the global population through Global Citizen. Global Citizen is a movement of people who take action to end extreme poverty and its related challenges, such as health, education, and climate change. Archewell Foundation joined forces with Global Citizen to launch Vax Live: The Concert to Reunite the World, a televised event that aimed to inspire vaccine confidence and solidarity, and to mobilize resources and support for the global vaccination effort. The event, which was hosted by Selena Gomez and featured performances and appearances by Jennifer Lopez, Foo Fighters, H.E.R., J Balvin, President Joe Biden, and Pope Francis, among others, raised over $302 million and secured over 26 million COVID-19 vaccine doses for low-income countries. Archewell Foundation contributed to this outcome by securing 12.66 million COVID-19 vaccine doses through its own fundraising and advocacy efforts.

Another notable achievement of Archewell Foundation in 2021 was launching The Welcome Project to support refugee resettlement. The Welcome Project is a partnership between Archewell Foundation and World Central Kitchen, which aims to provide food, shelter, and community to refugees and asylum seekers around the world. The project was inspired by the couple’s visit to The Hubb Community Kitchen in London in 2018, where they met and cooked with women who were displaced by the Grenfell Tower fire. The project’s first initiative was to build four Community Relief Centers in regions with high refugee populations, such as Dominica, Puerto Rico, India, and Peru. These centers serve as kitchens, shelters, and hubs for local organizations and volunteers, and can also be converted into emergency response facilities in case of disasters.

Summary

Archewell Foundation is the manifestation of Meghan Markle and Prince Harry’s commitment to creating a better world through compassionate service. The name Archewell comes from the Greek word “arche”, meaning “source of action”, and reflects the couple’s vision of building communities of compassion. The foundation’s logo, which features three interlocking circles, symbolizes the connection and collaboration between the foundation and its partners.

Archewell Foundation is not only a non-profit organization, but also a platform for storytelling and social change. The foundation aims to harness the power of media and technology to amplify diverse voices and perspectives, and to inspire people to take action for the common good. The foundation’s website, which features stories, podcasts, and videos from the couple and their guests, is an example of how the foundation uses media to educate, entertain, and empower.

Archewell Foundation is not dependent on or influenced by the couple’s royal status or titles. The foundation operates independently from the British royal family, and does not receive any funding or support from them. The foundation also respects the couple’s decision to step back as senior members of the royal family, and to pursue a more private and peaceful life. The foundation’s focus is on the couple’s humanitarian and philanthropic work, and not on their personal or political affairs.

Archewell Foundation deserves our support and respect, not only for its financial stability and social impact, but also for its vision and values. The foundation represents the couple’s passion and purpose, and their desire to make a difference in the world. The foundation also invites us to join them in their journey, and to be part of their community of compassion.

If you are interested in learning more about Archewell Foundation, or getting involved with its work, you can visit its website at [www.archewell.com]. You can also follow its social media accounts on [Facebook], [Twitter], and [Instagram], where you can find updates, news, and stories from the foundation and its partners. You can also sign up for its newsletter, where you can receive exclusive content and invitations from the foundation.

Archewell Foundation is not in financial trouble. It is in fact a thriving and impactful organization that is changing the world for the better. We hope that this article has cleared up some of the misconceptions and criticisms that the foundation faces, and has given you a more accurate and balanced perspective on Archewell Foundation, and its role and impact in the world.

Written by Vikram

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