Prince William and Kate Middleton’s Royal Foundation increased its income from £6.7 million to more than £20.4 million in two years, figures reveal – days after Prince Harry and Meghan Markle dissolved their UK charity
- Charity coffers for the Cambridge’s Royal Foundation now total £20.4million
- Meghan and Harry’s UK charity, MWX Foundation, was dissolved this week
- It was renamed from Sussex Royal in 2020 after the couple lost their royal titles
Royal couple Prince William and Kate Middleton’s charity has gone from strength to strength since their split with Prince Harry and Meghan Markle, new figures show.
According to 2021 accounts, the income for the Royal Foundation of the Duke and Duchess of Cambridge stands at £20.4million.
This was a marked increase on the 2019 figure, which stood at £6.7million.
Charity Commission figures show that the Royal Foundation of the Duke and Duchess of Cambridge received at total of £19.95 million in donations and legacies, and spent £15.13 million on charitable activities.
Funds are used for projects such as Prince William’s Earthshot Prize, which awards £1 million grants to winners.
It comes after Prince Harry, 37, and Meghan, 40, who left the joint foundation charity in September 2019, splitting up the ‘fab four’, finally dissolved their UK charity, MWX (Markle Windsor) Foundation, this week.
The Cambridges: Kate, William and Princess Charlotte recently pictured at the Commonwealth Games in Birmingham. The couple’s charity now boasts £20.4million
The coule set up their own Archewell foundation in the US, which received less than $50,000 in ‘gross receipts 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 prevented from using their royal titles for work purposes by the Queen.
Previous figures from UK Companies showed that the now-defunct Sussex Royal charity had US$380,000 (£280,624) in its accounts in 2020 and spent at least US$55,600 (£41,084) on attorneys.
All the money in its accounts was transferred to Harry’s non-profit sustainable travel company Travalyst when it dissolved.
Prince Harry and his wife Megan arriving 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 their are no recent figures of its accounts
The Sussexes later founded Archewell at the end of 2020, which is registered in Delaware and has offices based in Beverly Hills.
Archewell’s website says the charity aims to ‘unleash the power of compassion to drive systemic cultural change’ through non-profit work.
The charity is set to be honoured alongside Harry and Meghan for its work advocating for Afghan refugees.
The couple, who will not receive the award in person, are also being thanked for their ‘generous’ donation to the Human First Coalition.
Archewell Foundation Executive Director James Holt will be receiving the Partner Organization Award on their behalf at an event next week in New York.
As well as the Duke and Duchess of Sussex, US Sen Richard Blumenthal will also be receiving the Haji Abdul Rauf Service Award for advocating on behalf of Afghan refugees and asylum seekers.
The event will feature traditional Afgan food, music, performances and a bazaar with tickets costing $100 being donated to the organisation.
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