Prince Harry and Meghan Markle say staff reductions are “inevitable” as their charitable organization undergoes restructuring.
The Duke and Duchess of Sussex describe the decision as part of efforts to preserve and expand their philanthropy. In a statement, the couple announced that the Archewell Foundation, launched in 2020, is being rebranded as Archewell Philanthropies. The new model uses a fiscal sponsor to streamline administration and support long-term global outreach, People reported.
A spokesperson said the shift will allow the organization to focus on mission strategy and partnerships while leaving compliance and financial administration to another nonprofit entity. Read more at blackenterprise.com.
