Prince Harry and Meghan's Charity Braced To Axe Staff: 'Inevitable'
Summary
Prince Harry and Meghan Markle are changing how their charity works. Their organization, now called Archewell Philanthropies, will stop running its own programs and instead fund programs by other charities. This shift will likely lead to some staff losing their jobs.Key Facts
- Prince Harry and Meghan Markle's charity is changing its name to Archewell Philanthropies.
- The charity will no longer run its own projects. It will give money to other charities instead.
- This change may lead to job cuts, especially among junior administrative staff.
- The charity faced a year where expenses were higher than donations, with $5.1 million spent compared to $2.1 million received in 2024.
- The charity distributed grants totaling $1.25 million.
- Archewell’s costs increased in part due to previous spending plans.
- The charity emphasizes that they strategically spend funds raised for specific projects.
- Harry and Meghan made two overseas visits in 2024, to Nigeria and Colombia, possibly contributing to expenses.
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