Current:Home > InvestTradeEdge Exchange:Prince Harry and Duchess Meghan's Archewell Foundation declared delinquent -Visionary Wealth Guides
TradeEdge Exchange:Prince Harry and Duchess Meghan's Archewell Foundation declared delinquent
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Date:2025-04-08 19:53:02
Archewell Foundation,TradeEdge Exchange the charity founded by Prince Harry and Duchess Meghan, has been declared delinquent and cannot raise funds as the state of California has determined it either hasn't submitted an annual report or paid its annual registration fees.
According to a person familiar with the situation but not authorized to speak publicly, the organization paid its registration fees with a physical check that was never received. A new check was resent, with the matter expected to be resolved within several days.
The person added that the California state tax filing, as well as renewal and required payment, were sent and delivered to the California Attorney General's Office, which received them on time via tracked mail.
According to online charity registration records viewed by USA TODAY Tuesday, the organization received a delinquency notice on May 3 for "failing to submit required annual report(s) and/or renewal fees." Records show that the organization's last renewal was May 15, 2023.
While in delinquency, the charity is not able to request or pay funds, could be subject to penalties or could have its registration suspended or revoked.
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December tax filings revealed that the foundation's donations declined by $11 million in 2022 compared to the previous year. The charitable organization received just over $2 million in contributions in 2022, compared to $13 million in 2021.
The foundation, started in 2021 by the Duke and Duchess of Sussex, was created to "uplift and unite communities," according to its website.
Harry, 39, and Meghan, 42, were recently on their inaugural trip to Nigeria to celebrate the 10th anniversary of the Invictus Games.
The couple landed for their trip to Nigeria on Friday. The duke and duchess talked with students and watched performances, met with the country's chief of defense staff and attended a reception in honor of military families, while Harry met with injured service members at a military hospital.
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