Prince William and Kate Middleton’s Royal Foundation increased its revenue from £6.7million to more than £20.4million in two years, figures show – days after Prince Harry and Meghan Markle dissolved their British charity
- Charity funds for Cambridge’s Royal Foundation are now £20.4million
- Meghan and Harry’s UK charity MWX Foundation was wound up this week
- It was renamed from Sussex Royal in 2020 after the couple lost their royal titles
The charity owned by royal couple Prince William and Kate Middleton has gone from strength to strength since their split from Prince Harry and Meghan Markle, new figures show.
According to the 2021 accounts, the Royal Foundation of the Duke and Duchess of Cambridge’s revenue is £20.4million.
This was a significant increase from the 2019 figure, which was £6.7 million.
Figures from the Charity Commission show that the Royal Foundation of the Duke and Duchess of Cambridge received donations and bequests totaling £19.95 million and spent £15.13 million on charity.
The funds will go to projects such as Prince William’s Earthshot Prize, which awards £1million to winners.
It comes after Prince Harry, 37, and Meghan, 40, who left the joint foundation charity in September 2019 and split up the ‘fab four’, finally dissolved their UK charity MWX (Markle Windsor) Foundation this week.
The Cambridges: Kate, William and Princess Charlotte were recently pictured at the Commonwealth Games in Birmingham. The couple’s charity now has £20.4million at their disposal
The Coule set up their own Archewell Foundation in the United States, which received less than $50,000 in gross proceeds in 2020, according to the US Internal Revenue Service.
The couple’s UK charity, MWX Foundation, changed its name from Sussex Royal in late 2020 after the couple moved to California and were barred by the Queen from using their royal titles for work purposes.
Earlier figures from UK companies showed the now-defunct Sussex Royal charity had $380,000 (£280,624) in its accounts and spent at least $55,600 (£41,084) on lawyers in 2020.
All of the money in his accounts was transferred to Harry’s non-profit sustainable travel company Travalyst when it was dissolved.
Prince Harry and his wife Megan arrived at the United Nations (UN) headquarters in New York last month, where Harry was a keynote speaker at the UN General Assembly. The couple now have the Archewell Foundation, although there are no current figures on their accounts
The Sussexes later formed Archewell, incorporated in Delaware with offices in Beverly Hills, in late 2020.
Archewell’s website says the charity aims to “unleash the power of compassion to drive systemic cultural change” through community service.
The charity is said to be honored alongside Harry and Meghan for their work helping Afghan refugees.
The couple, who will not accept the award in person, are also thanked for their “generous” donation to the Human First Coalition.
Archewell Foundation Executive Director James Holt will accept the Partner Organization Award on her behalf at an event in New York next week.
Alongside the Duke and Duchess of Sussex, US Senator Richard Blumenthal will also receive the Haji Abdul Rauf Service Award for his service to Afghan refugees and asylum seekers.
The event features traditional Afghan food, music, performances and a bazaar, with $100 worth of tickets donated to the organization.