Harry and Meghan are rumored to have cleared financial obligations.
Prince Harry and Meghan's charity, "Archewell," has hit the spotlight after facing an alarming financial predicament. There were claims that a check somehow got lost in the mail, putting the foundation in hot water. Luckily, their spokesperson has released an update on their financial status.
The Duchess and her husband can finally heave a sigh of relief. "Archewell" received a warning from the California authority overseeing charitable organizations for failing to pay money owed. The foundation was labeled "delinquent," which raised concerns about its status. However, "NBC News" and other media platforms confirm that the financial issue seems to have been fixed.
The spokesperson for "Archewell" has revealed that all payments were made properly and in line with the IRS guidelines. The foundation submitted all required papers without any mistakes or wrongdoing. This assures that the couple's foundation, established in 2022, retains its clean standing.
The news of the unpaid payment generated curiosity as to why a well-funded charity (reporting over $13M in total income) couldn't pay a yearly $200 license fee, expiring in May 2023. However, an insider reported by People magazine claims that "Archewell" had indeed paid on time but the check they posted didn't reach its destination.
Potential consequences
The unpaid amount could have led to severe consequences. As demonstrated by a warning received by the Sussexes, an organization tagged as "delinquent" can't carry out activities needing registration. Moreover, no charity funds could be accepted or donated. Furthermore, the organization could face sanctions, and its registration could be suspended or revoked by the authorities.
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Prince Harry and Meghan Markle's recent financial troubles with their charity, "Archewell," made headlines in the entertainment world. Despite being a well-funded charity, they faced issues with a yearly $200 license fee, which led to concerns about their financial management within the British Royal Family.
Following the rumors of financial obligations, the spokesperson for "Archewell" clarified that all payments were made correctly and in accordance with IRS guidelines, ensuring the foundation's clean standing within the charitable organization in California.
Source: www.ntv.de
