Archewell Foundation in Financial Crisis: Meghan Markle Panics as $11 Million in Donations Goes Missing

 In the past year alone, Archewell has faced a staggering $1 million decline in donations, painting a dire picture for the foundation. This decline is a far cry from their previous year's financial glory when they raked in a whopping $13 million in contributions. What happened to the lavish donations from undisclosed individuals that once filled Archewell's coffers? Well, it seems those golden days are over.

The Archewell Foundation's tax returns for 2022 revealed that two anonymous donors contributed a mere $1 million each, a sharp contrast to the previous year's windfall, which included an astonishing $10 million donation from a mysterious benefactor. The financial tide has certainly turned, and Archewell is now operating at a loss, with a net revenue deficit of $674,500 reported in 2021. But wait, there's more. Archewell's executive director, James Holt, seems to be enjoying quite the payday despite the foundation's financial troubles. Holt received a jaw-dropping salary increase of $170,000, bringing his total compensation to approximately $227,450, which includes a generous $220,000 bonus.

This salary increase raises eyebrows and questions about the allocation of funds. Let's not forget that Prince Harry and Meghan themselves are not taking a salary from Archewell. However, with operational expenses exceeding $2.6 million and the foundation operating at a loss, one can't help but wonder about the financial management of this impact-driven nonprofit organization. Despite the setbacks, Archewell proudly boasts about maintaining $8 million in assets. 

However, the financial struggles are evident, raising questions about the sustainability of their grand philanthropic plans. Perhaps this decline in donations indicates a shift in public sentiment toward the Duke and Duchess of Sussex in terms of their charitable efforts.

Archewell did make donations totaling about $1.2 million, with $100,000 going to The Halo Trust, a demining charity closely associated with Princess Diana. Another $125,000 was contributed to the NAACP Empowerment Programs Inc. for the NAACP Archewell Digital Civil Rights Award. These initiatives were highlighted in Archewell's 2022-2023 impact report, which was released just this week.

The report also featured a joint statement from Prince Harry and Meghan expressing their intentions behind the award, stating, "When we founded this award with the NAACP, we wanted to highlight and uplift people across the country who are transforming the digital world for the better." This is indeed a commendable effort.

However, the financial struggles of Archewell inevitably cast a shadow over their charitable endeavors. In response to the financial downturn, Archewell released a video showcasing Harry and Meghan's involvement in various initiatives. Nevertheless, critics argue that this might be an attempt to divert attention from footage of Kate Middleton and her children volunteering at a baby bank.

The dynamics within the royal family continue to be a hotbed of tension and competition, even in the realm of philanthropy. As Archewell grapples with financial turmoil, questions loom about its future and the effectiveness of its charitable contributions. What went wrong, and can Harry and Meghan recover from this setback? Only time will tell, but one thing is for sure: the Archewell Foundation is facing a storm, and the fallout could be monumental.