Prince Harry and Meghan Markle's charity, Archewell, has recently come under scrutiny as revelations surface regarding two significant grants, totaling over $6 million, which are mysteriously absent from their latest 990 tax return.
This unsettling discovery has ignited widespread speculation about the Sussexes' financial dealings. While Archewell asserts that the reported figure of $2,911 is accurate, insiders suggest that the looming presence of the Internal Revenue Service (IRS) may soon uncover the truth behind the missing millions. This unfortunate turn of events for the Sussexes could not come at a more precarious time, as their charity was only recently cleared to resume fundraising after being deemed delinquent and not in good standing by charity officials.
Now, with the IRS preparing for a possible review of Archewell’s upcoming tax return, the couple faces mounting pressure and heightened scrutiny as questions about their financial history resurface. The grants in question were awarded during the 2022-2023 fiscal year, with one being a staggering $6 million from Fidelity Charitable and the other a more modest $1,050 from TIBS for Philanthropy. Both were revealed in the respective 990 forms of these donors.
The sheer magnitude of these donations raises suspicions, suggesting that wealthy benefactors might have used these platforms to anonymously support the Sussexes' charity. This mirrors a previous incident where Archewell received a mysterious $10 million donation from the Silicon Valley Community Foundation, a financial vehicle often used by affluent philanthropists to make tax-free contributions while concealing their identities. In this complex world where wealth and secrecy intersect, the intrigue surrounding the Sussexes' financial practices deepens further.
The opaque nature of these financial transactions begs the question: Could Fidelity and TIBS have been used as the latest conduits for anonymous donations? The timing of the grants, which spanned two fiscal years, may allow for creative accounting, leading to separate entries for Archewell while appearing as a single outlay for Fidelity. This approach could obscure the true scale of financial support flowing into the couple's charity, fueling speculation that Harry and Meghan’s foundation is being bolstered by a select group of wealthy patrons. As the IRS gears up for its examination of Archewell's tax return, due on November 15, 2024, the stakes have never been higher for the foundation.
The leadership of Archewell is undoubtedly hoping to avoid another confrontation with regulatory bodies. The charity has already faced challenges with the California Department of Justice, which oversees the operations of nonprofits. The department previously issued warnings to Archewell for failing to submit required documentation, resulting in restrictions on their fundraising activities. A tangled narrative surrounding these administrative lapses emerged, with sources close to the Sussexes providing conflicting explanations, including stories about a missing $200 check and delays in timely submissions. These failures only add to the cloud of uncertainty now surrounding the organization.
The implications of this ongoing saga are significant. Prince Harry and Meghan Markle's public claims of integrity and transparency are now in jeopardy as whispers of financial impropriety grow louder. One might question whether the recent statement from Archewell’s Chief of Staff—asserting "we’re not some criminal organization"—was an attempt to quell rising doubts or an acknowledgment of the negative perception surrounding their operations. The fact that such a defense was deemed necessary highlights the seriousness of the situation. If Archewell faces legal scrutiny again, the repercussions could be severe.
For many, the IRS is not merely a government agency; it is a formidable force feared by the wealthy and powerful. An IRS audit is often viewed as more daunting than even a criminal investigation. The saying "If someone goes missing, don't call the cops—call the IRS" underscores the agency's relentless pursuit of financial clarity. In a world where allegations of money laundering and tax evasion can quickly damage reputations, the Sussexes must tread carefully. As the deadline for Archewell's next tax return approaches, a sense of impending doom hangs over the situation. Will the truth behind the missing millions be revealed, or will the mysteries of their financial dealings only deepen?
