Prince Harry and Meghan Markle’s philanthropic venture, the Archewell Foundation, has reported a significant drop in donations, amounting to a staggering $11 million decrease in funding.
This alarming decrease in financial support comes as a shock to many, given the high-profile nature of the couple and their previous success in raising funds for various charitable initiatives.
Sources close to the foundation attribute the decline to a variety of factors, including changing economic conditions and shifting donor priorities.
The COVID-19 pandemic has had a profound impact on the philanthropic landscape, with many individuals and organizations reevaluating their giving strategies.
Despite this setback, the Duke and Duchess of Sussex remain committed to their mission of creating positive change in the world. They have announced plans to redouble their efforts in fundraising and expanding the foundation’s reach to support a wide range of causes, including mental health awareness, gender equality, and environmental conservation.