The Archewell Foundation, founded by Prince Harry and Meghan, donated $1.2m (£950,000) to charities in 2022 and 2023, according to its annual report and tax filings. However, the foundation spent more than it received in 2022, with expenses outpacing revenue by $674,000.
Tax returns for 2022, published this year, show total revenue of $5m, down from $13m in start-up funds and $2m in 2021. The foundation's grants included $100,000 to the Halo Trust, a mine-clearing charity famously supported by Princess Diana.
Other beneficiaries included a $200,000 gender justice project in Washington, a $125,000 civil-rights charity, and a $100,000 initiative promoting responsible technology use. Archewell also supported Afghan women settling in the US and a project tackling misinformation in 'news deserts'.
Prince Harry and Meghan do not take a salary from the charity, according to filings, but Archewell's annual payroll exceeds $640,000. The couple are listed as directors working an average of one hour per week.
Despite the deficit in 2022, the foundation's remaining funds have grown from $8.5m to $11.2m, providing a financial cushion. Archewell has now been operating for three full years alongside its production arms in the US.
