00:02Prince Harry and Meghan Markle are fighting off accusations that Archewell Philanthropies suffered a major financial loss in 2026.
00:11According to documents obtained by Daily Express, Prince Harry and Meghan Markle's charity recorded a $2.5 million loss, due to their expenses totaling $5 million.
00:22The organization reportedly received $1.8 million, awarded grants totaling around $170,000, and retained net assets of around $8.3 million.
00:34The evaluation was allegedly conducted after a period of fundraising and reserve building before putting the cash toward multi-year programs and commitments.
00:43A representative for Prince Harry and Meghan Markle shut down claims their charity is bleeding money.
00:47The $2.5 million in-year difference simply reflects the foundation drawing on existing reserves to fund impact, rather than stockpiling funds, the spokesperson said in a statement.
01:00This was an intentional, missing-a-line decision demonstrating Archewell's commitment to putting dollars to work in the world and maximizing social return on past fundraising efforts.
01:09The spokesperson emphasized that Prince Harry and Meghan Markle were not shocked by the financial outcome.
01:15The foundation did not lose money. It used previously raised funds for their intended purpose, the statement continued.
01:22The Archewell Foundation's approach is to raise funds for specific projects and deploy them as those projects reach key stages of implementation.
01:30Prince Harry and Meghan Markle, who established the charity in 2020, recently renamed the Archewell Foundation to Archewell Philanthropies on its fifth anniversary.
01:40This next chapter allows Prince Harry and Meghan Markle, Duke and Duchess of Sussex, to broaden their global philanthropic efforts as a family with meaningful reach and maximum impact, grounded in the same values, partnerships, and their commitment to show up and do good, the organization said in a statement.
01:57Prince Harry, Duke and Meghan Markle, Duke and Vladimir Putin is a part of the
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