Meghan Markle, Prince Harry Seemingly Clear Up Charity's Financial Status But No Word On 'Endgame,' Expert Claims
Prince Harry and Meghan Markle have seemingly addressed the financial status of their charity Archewell Foundation but remain quiet about the controversial book "Endgame," according to one royal commentator.
Royal correspondent Kinsey Schofield, author of the book "R is for Revenge Dress," recently appeared on GB News. During her guesting, she wondered how the Duke and Duchess of Sussex addressed their charity's finances amid rumors that it's losing money after an $11 million decline in donations in 2022.
"This is interesting to me because ... Eamonn [Holmes] and Isabel [Webster], because Harry and Meghan have had somebody talk to TMZ, which is the big celebrity news site here in the States because they want to clear the air here," Schofield said. "They think that this story is garbage. They say that they are not in the red because they're not a corporation, and this is just the UK media making a big deal out of nothing. But [it's] interesting to me that a source close to Archewell can talk to TMZ about Archewell in the red, but not I'm sorry to bring it up again, but no word on 'Endgame.'"
Webster agreed that it was interesting because it was the first time they heard from the Sussex's camp, which had remained quiet despite the noise that Omid Scobie's book "Endgame" caused in the previous weeks. Many have already urged the Sussexes to speak up and distance themselves from Scobie's book. The publication's Dutch version alleged that the two racist royals were King Charles and Kate Middleton. However, there has been no statement from the controversial couple.
Royal commentator Victoria Arbiter was also asked about her thoughts on the Archewell Foundation's finances in her recent interview on "Today."
"It was pretty bad on paper. Now, I don't know too much about how financials operate in terms of the world of the nonprofit, but in 2021, according to their impact report, the couple brought in $13 million in donations and experts in nonprofits have said that's quite usual in terms of a foundation's first release, they get a lot of donations," Arbiter said. "You jump to 2022, and the release shows that they only pulled in two donations each of a million U.S. dollars each. That doesn't look great on paper, especially [when] you factor in the operating expenses, which were particularly high. They closed out 2022 in the red."
However, she also pointed out the "people close to the Sussexes" who said they still had $8 million in assets, so they could still move forward with their projects. Arbiter said that despite this, the massive drop in donations would affect the trustworthiness of the organization.
