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 990 form tax return, MailOnline can reveal.
The discovery has prompted speculation over what has happened to the Sussexes’ missing millions, although it is understood Archewell believes its records that only declared $2,000,911 are correct and MailOnline can confirm it is legal and possible the money will appear on the next return.
The apparent discrepancy couldn’t have come at a worse time for the Duke and Duchess’s beleaguered foundation as it was only given the green light to spend and raise money again earlier this year after charity officials branded it as ‘delinquent’ and ‘not in good standing’.
Now Archewell could be facing another few tense months as the Internal Revenue Service (IRS) waits for the charity’s next tax return – which may well explain the ‘missing’ millions donated to the couple’s foundation.
Even so, this latest revelation will add to speculation that Meghan and Harry’s charity is being propped up by a handful of wealthy donors.
+6
View gallery
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
+6
View gallery
The two latest grants were made in the 2022/23 financial year. One totalling $6million was from Fidelity Charitable (pictured)
+6
View gallery
Another worth $10,050 was from Tisbest Philanthropy (pictured), as both their 990 forms revealed
+6
View gallery
However, Harry and Meghan’s Archewell Foundation only declared $2,000,911 from grants in 2022
It could spell more trouble for Archewell, which was briefly branded ‘delinquent’ earlier this year
The two latest grants were made in the 2022/23 financial year – one totalling $6million from Fidelity Charitable and another of $10,050 from Tisbest Philanthropy, both their 990 forms revealed.
It is likely that individual donors could have used the companies to donate the money anonymously, as was previously the case with large donations to Archewell.
In 2021, an anonymous $10million donation was made through the Silicon Valley Community Foundation, a mega-rich non-profit and a vehicle for extremely wealthy philanthropists to give out tax-free grants anonymously.
In 2022, Archewell said it received just two grants of $1million each from anonymous donors.
Fidelity Charitable could be the vessel that was used by one or both of those donors.
Both Fidelity and Tisbest declare grants made across the second half of 2022 and the first half of 2023.
+6
View gallery
This latest revelation will add to speculation that Meghan and Harry’s charity is being propped up by a handful of wealthy donors
+6
View gallery
Archewell was revealed to have received a $10million grant from another mystery donor through the Silicon Valley Community Foundation (pictured)
It means Fidelity’s $6million could have been split over two years and appear as two seperate donations for Archewell while only a single one for Fidelity.
The same could be the case for Tisbest’s cash.
Even so, all eyes will be on Archewell’s next return on November 15, 2024.
Archewell bosses will be hoping not to have a repeat of its problems with charity officials from the Registry of Charities and Fundraisers.
The registry is part of the Department of Justice in California, the state where the Duke and Duchess of Sussex live in a $12million mansion and operate the charity.
In May, it said Archewell failed to properly submit its annual report or renewal fees and had banned it from either fundraising or distributing charitable funds.
Sussex sources claimed that the ‘delinquency notice’ was actually issued because Attorney General Rob Bonta’s office did not process a $200 cheque.
That was a different explanation to the one offered by the same Sussex sources the night before, who claimed that the paperwork was filed on time but the discrepancy was down to a cheque that accompanied the documents going missing in the post.
Sussex sources previously told MailOnline that the Archewell Foundation’s tax filings for 2022 were submitted in full in accordance with all regulations in the US.
By mid-May the attorney general’s office confirmed Archwell had regained its active charity status but alarm bells will be ringing if the charity gets in hot water again.