The News
Princess Anne Takes Control of Prince Harry’s Trust Funds Amidst Controversy
In a surprising turn of events, Princess Anne has assumed full authority over Prince Harry's trust funds in the wake of his recent contentious remarks concerning the Royal Family.
This decision is perceived as a strategic move to distance the Royal Family from Harry's polarizing comments, which have triggered a wave of criticism and adverse publicity.
Sources close to the Royal Family revealed that the choice was made due to the detrimental impact of Harry's actions on the charitable organizations he is associated with.
“It's not ideal to have someone divisive representing your charity,” expressed one insider.
The recent statements and conduct of Prince Harry have been polarizing, and it is deemed not conducive for the charities he represents to have him as their face.
Consequently, a significant portion of the funds under Harry's purview will be reassigned to Princess Anne, renowned for her unwavering dedication to charitable endeavors and her commitment to collaborating with organizations that bring about positive change.
Apart from fulfilling her royal responsibilities, Princess Anne also serves as the president or patron of numerous charitable institutions.
Despite the transfer of Harry's trust funds, he will retain his private patronages or presidencies within these organizations.
However, the extent of his influence on their operations moving forward remains uncertain.
The decision to shift Harry's trust funds to Princess Anne coincides with reports suggesting that the Duke and Duchess of Sussex have encountered challenges in making a substantive impact through their charitable work in the United States.
Sources indicate that the couple has struggled to garner significant visibility for their philanthropic initiatives and has failed to fulfill their contractual obligations due to mental health issues.
Furthermore, the Charitable Foundation established by the Sussexes is registered in Delaware, a state known for its lenient regulations concerning charitable entities.
Delaware mandates that only 5% of a charity's income must be allocated to actual charitable activities, while the remaining 95% can be utilized for expenses.
Critics have raised concerns that the Sussexes might be exploiting their charity as a vehicle for self-promotion and as a means to channel funds into their personal accounts.
The decision to transfer Prince Harry's trust funds also follows reports indicating that Prince William was initially considered as a potential successor to Harry's charitable roles.
Nonetheless, a statement from Buckingham Palace clarified that these roles would be entrusted to active members of the royal family, leading to speculation that Princess Anne was the preferred candidate.
Prince Harry's recent statements have resulted in the revocation of his patronage with the London Marathon Charitable Trust.
His self-disclosed drug use, claims of causing harm to individuals, admission of bullying, and other outlandish accusations against the royal family have contributed to this decision.
Princess Anne's action to assume control of Harry's trust funds is interpreted as a resolute message from the royal family denouncing divisive behavior and actions that tarnish the monarchy's reputation and the charities they support.
The repercussions of losing his trust funds and the potential implications on his future pursuits remain uncertain for Prince Harry.
Despite Harry and Meghan's commendable efforts to raise up to $13 million for charitable causes, concerns have emerged regarding the utilization of these funds.
The Archewell Foundation, founded by the couple, saw a substantial inflow of funds in its inaugural year, with reports indicating that only $3 million of the total amount was disbursed.
The contributions encompassed assistance for Afghan and Ukrainian refugee relief efforts, vaccine equity initiatives, and support for women-owned small businesses.