Prince Harry and Meghan Markle’s charity Archewell was gifted two grants of more than $6million over the last two years – but both are missing from the charity’s latest 990 form tax return, MailOnline can reveal.
The discovery has prompted speculation over what has happened to the Sussexes’ missing millions, although it is understood Archewell believes its records that only declared $2,000,911 are correct and MailOnline can confirm it is legal and possible the money will appear on the next return.
The apparent discrepancy couldn’t have come at a worse time for the Duke and Duchess’s beleaguered foundation as it was only given the green light to spend and raise money again earlier this year after charity officials branded it as ‘delinquent’ and ‘not in good standing’.
Now Archewell could be facing another few tense months as the Internal Revenue Service (IRS) waits for the charity’s next tax return – which may well explain the ‘missing’ millions donated to the couple’s foundation.
Even so, this latest revelation will add to speculation that Meghan and Harry’s charity is being propped up by a handful of wealthy donors.
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Prince Harry and Meghan Markle’s charity Archewell was gifted two grants of more than $6million over the last two years – but both are missing from the charity’s latest tax return, MailOnline can reveal
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The two latest grants were made in the 2022/23 financial year. One totalling $6million was from Fidelity Charitable (pictured)
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Another worth $10,050 was from Tisbest Philanthropy (pictured), as both their 990 forms revealed
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However, Harry and Meghan’s Archewell Foundation only declared $2,000,911 from grants in 2022
It could spell more trouble for Archewell, which was briefly branded ‘delinquent’ earlier this year
The two latest grants were made in the 2022/23 financial year – one totalling $6million from Fidelity Charitable and another of $10,050 from Tisbest Philanthropy, both their 990 forms revealed.
It is likely that individual donors could have used the companies to donate the money anonymously, as was previously the case with large donations to Archewell.
In 2021, an anonymous $10million donation was made through the Silicon Valley Community Foundation, a mega-rich non-profit and a vehicle for extremely wealthy philanthropists to give out tax-free grants anonymously.
In 2022, Archewell said it received just two grants of $1million each from anonymous donors.
Fidelity Charitable could be the vessel that was used by one or both of those donors.
Both Fidelity and Tisbest declare grants made across the second half of 2022 and the first half of 2023.
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This latest revelation will add to speculation that Meghan and Harry’s charity is being propped up by a handful of wealthy donors
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Archewell was revealed to have received a $10million grant from another mystery donor through the Silicon Valley Community Foundation (pictured)
It means Fidelity’s $6million could have been split over two years and appear as two seperate donations for Archewell while only a single one for Fidelity.
The same could be the case for Tisbest’s cash.
Still, everyone will be waiting for Archewell’s next return on November 15, 2024.
CEOs at Archewell will be hoping that the company doesn’t have the same problems with charity officials from the Registry of Charities and Fundraisers again.
The Duke and Duchess of Sussex live in a $12 million mansion in California and run the charity from there. The registry is part of the state’s Department of Justice.
That same month, in May, it said Archewell hadn’t sent in its annual report or renewal fees correctly, so it couldn’t raise money for charity or give it to good causes.
According to people in Sussex, the “delinquency notice” was sent out because the office of Attorney General Rob Bonta did not process a $200 check.
That was different from what the same Sussex sources said the night before. They said that the paperwork was turned in on time, but there was a mistake because the check that was sent with it got lost in the mail.
Sources in Sussex told MailOnline in the past that the Archewell Foundation’s 2022 tax returns were fully filed and followed all US rules.
By the middle of May, the office of the attorney general had confirmed that Archwell was once again a charity that did work. But if the charity has another problem, alarm bells will go off.