Archul Foundation’s Financial Disclosures Raise Questions

Prince Harry and Meghan Markle, known for their philanthropic efforts, established the Archul Foundation in October 2020.

The foundation serves both as a non-profit charitable organization and a for-profit entity catering to media ventures like Artuel Audio and Actual Productions.

Since its inception following the couple's exit from royal duties, the Artuel Foundation has amassed an impressive $13 million in funds.

However, recent scrutiny by French newspaper Envoy Special has shed light on discrepancies in the foundation's financial operations.

In a recent expose, Envoy Special delved into the tax records of the Archul Foundation, revealing intriguing insights.

According to the foundation's latest financial report, a substantial sum of $13 million was raised through donations.

Surprisingly, only $2,250,000 was allocated to various charitable causes, while a significant portion, $1 million, was earmarked for operational expenses.

This leaves a staggering $9 million unutilized, prompting questions about the foundation's commitment to its charitable promises.

The issue of funds not being fully channeled towards philanthropic endeavors is not new for Prince Harry and Meghan Markle.

During their tenure as working members of the royal family, they oversaw the Queen's Commonwealth Trust.

The annual report for 2019-2020 revealed that out of £782,000 raised in donations, a mere £77,000 was directed towards charitable activities, with the bulk being consumed by operational costs.

Such patterns raise concerns about the efficacy of the couple's charitable ventures.

Notable donations to the Archul Foundation include a substantial $10 million contribution from an anonymous donor via the Silicon Valley Community Foundation (SVCF).

The SVCF, renowned for its philanthropic efforts, distributed a record-breaking $2.7 billion in grants to thousands of non-profit organizations in 2021.

Additionally, R2L, another recipient, received $3 million from an undisclosed benefactor and $4,470 from public contributions.

Despite the significant donations received, revelations from the couple's tax returns have sparked further scrutiny.

It was disclosed that Prince Harry and Meghan Markle dedicate just one hour per week to the foundation's charitable pursuits, a common practice in such filings.

In 2021, the foundation incurred expenses totaling $3,987,070, with a substantial portion allocated to salaries and operational costs.

Notably, grants totaling over $3 million were dispersed to various organizations focusing on vaccine equity and refugee support.

Following their withdrawal from royal responsibilities, Prince Harry and Meghan Markle purportedly committed minimal time to the Archul Foundation in 2021.

Despite this, the foundation managed to raise $13 million, primarily from affluent donors backing their cause.

The couple emphasized the foundation's mission to foster compassion and unity within communities, both locally and globally.

They highlighted Archul Foundation's role in driving cultural change through community engagement and impactful initiatives.

In light of the financial disclosures surrounding the Archul Foundation, questions linger regarding the allocation of funds and the couple's level of involvement in charitable endeavors.

As Prince Harry and Meghan Markle navigate their philanthropic journey in the United States, transparency and accountability will remain paramount.

The couple's commitment to uplifting communities and effecting positive change will undoubtedly face continued scrutiny as they strive to make a meaningful impact through their foundation.