Prince Harry and Meghan Markle's missing millions: Archewell Foundation didn't declare $4MILLION on latest tax return - as all eyes turn to Sussexes' upcoming declaration with questions over where money went

The recent revelations regarding Archewell Foundation's financial records have raised eyebrows, particularly surrounding two grants totaling over $6 million that were absent from the charity's latest 990 tax form. While Archewell reported $2,000,911 in their filings, the missing millions have prompted speculation, especially given the foundation’s recent regulatory challenges. However, Archewell maintains that its records are correct and that the missing amounts could legally appear in future tax returns, possibly by November 15, 2024, when the next filing is due.

This situation is notably problematic given Archewell's troubled past with regulatory authorities. Earlier this year, the foundation was flagged as "delinquent" and temporarily lost its ability to raise and distribute funds due to a filing issue, which was reportedly resolved after the submission of a $200 renewal fee. These financial inconsistencies, along with the foundation’s reliance on a few wealthy donors, may raise further concerns as they prepare for their upcoming IRS review.

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

While it is possible that the grants from Fidelity Charitable ($6 million) and Tisbest Philanthropy ($10,050) were split across financial years, leading to the delay in their appearance on Archewell's tax forms, the charity will likely face heightened scrutiny. How Archewell navigates this will be critical in maintaining public and regulatory trust moving forward.

The latest revelations surrounding Archewell Foundation's financial records have sparked further speculation about the role of wealthy donors in propping up the charity. Two recent grants, one for $6 million from Fidelity Charitable and another for $10,050 from Tisbest Philanthropy, were made during the 2022/23 financial year but do not appear in Archewell's latest tax filings. This has led to questions about the foundation's transparency and financial management.

The two latest grants were made in the 2022/23 financial year. One totalling $6million was from Fidelity Charitable (pictured)

Another worth $10,050 was from Tisbest Philanthropy (pictured), as both their 990 forms revealed

However, Harry and Meghan's Archewell Foundation only declared $2,000,911 from grants in 2022

It is possible that these large donations were made anonymously through organizations like Fidelity Charitable, a platform commonly used by wealthy individuals to make tax-free donations without revealing their identities. Archewell has received similar anonymous contributions in the past, such as the $10 million donation in 2021 from the Silicon Valley Community Foundation, another prominent vehicle for high-net-worth philanthropy.

Archewell was revealed to have received a $10million grant from another mystery donor through the Silicon Valley Community Foundation (pictured)

Archewell has received similar anonymous contributions in the past, such as the $10 million donation in 2021 from the Silicon Valley Community Foundation

The use of anonymous donor platforms like these allows major benefactors to support Archewell while maintaining privacy, but it also raises questions about the foundation's funding sources and the degree to which it relies on a small group of affluent supporters. As Archewell faces increased scrutiny over the "missing" millions, the upcoming tax return deadline in November 2024 will be crucial in shedding light on the foundation's financial health and donor base.

The situation surrounding Archewell's financial reporting continues to raise questions, particularly regarding the two large grants totaling $6 million from Fidelity Charitable and $10,050 from Tisbest Philanthropy. While these grants have not appeared in Archewell’s most recent tax filings, it's possible that the funds may have been split over two financial years, potentially explaining their absence. Fidelity Charitable's $6 million, for example, could be divided into two separate donations that Archewell would report individually, even though Fidelity lists it as a single contribution.

This latest revelation will add to speculation that Meghan and Harry's charity is being propped up by a handful of wealthy donors 

In 2022, Archewell disclosed receiving two $1 million grants from anonymous donors, and it's plausible that Fidelity Charitable served as the intermediary for one or both of these donations, given its role in facilitating anonymous contributions for high-net-worth individuals. Similarly, Tisbest's smaller donation might also be subject to a split across financial periods.

The spotlight will remain on Archewell until their next tax filing, due on November 15, 2024. This filing will be crucial in clarifying the status of these donations and addressing the speculation about the foundation's reliance on a small group of wealthy, anonymous benefactors.

Archewell Foundation will be keen to avoid repeating the regulatory issues it faced earlier this year with California’s Registry of Charities and Fundraisers, a division of the Department of Justice. In May 2024, the foundation was flagged for failing to properly submit its annual report or renewal fees, which led to a temporary ban on fundraising and distributing charitable funds.

Sussex sources offered different explanations for the issue. Initially, they claimed the discrepancy was due to the Attorney General's office not processing a $200 check. This explanation followed an earlier claim that the paperwork had been filed correctly but that the check had gone missing in the mail. Despite these complications, Archewell eventually regained its active charity status.

However, given these past missteps, the foundation is under pressure to ensure that it avoids further regulatory scrutiny, especially with its next tax filing due in November 2024. Any further issues could compound public and regulatory concerns, especially in light of ongoing questions about the foundation’s missing millions and its reliance on wealthy donors.

The conflicting explanations offered by Sussex sources regarding Archewell Foundation's earlier regulatory issue have added to the scrutiny surrounding the charity. Initially, they claimed the missing $200 check caused the delinquency notice, only to later suggest that the check had gone missing in the post, despite the paperwork being submitted on time.

Despite these discrepancies, by mid-May 2024, the California Attorney General's office confirmed that Archewell had regained its active charity status. However, the foundation’s previous difficulties with filing and the current questions over missing millions will keep it under the spotlight. With its next tax filing due in November 2024, Archewell faces heightened scrutiny from regulators and the public, and any future compliance issues could significantly damage its credibility and operations.