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Prince Harry, Prince William to divide Princess Diana’s memorial funds

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Prince Harry, Prince William to divide Princess Diana’s memorial funds

The Royal Foundation had operated under the names of the Sussexes and Cambridges, but in June previous year Harry and Meghan revealed they were to formally split from their joint charity.

At the time, the fund received public donations and money from Elton John's commemorative version of "Candle in the Wind", which he performed at Princess Diana's funeral.

The Duke of Cambridge and Duke of Sussex have agreed to split their mother's memorial fund between them as they finalize details of their separate working lives. Last year, the Fund delivered $27K.

Financial documents say the agreement was signed in December a year ago.

Because of their decision, their half of the proceeds from the Diana memorial fund "will instead be donated to another charity of The Duke of Sussex's choosing", according to financial documents cited by People magazine.

The Royal Foundation's report and consolidated financial statements for 2019 reveal it received 21,346 Pounds from The Diana fund. Sussex Royal got 145,000 Pounds to fund its set-up with a further 100,000 Pounds going to Travalyst, Harry's ecotravel firm. The couple will also be setting up their own charity and producing educational films, podcasts and books. They are now setting up a USA non-profit called Archewell after son Archie's name.

Princess Diana and Prince Charles
Princess Diana and Prince Charles

As Prince Harry is adapting to his new life in Los Angeles after splitting from the British royal family, he is making the split with his brother official. The funds will not go to Archewell or Travalyst Limited, his private company based on eco-travel, because neither are United Kingdom -registered charities.

However, just last month a trademark application for the charity was rejected because it was "too vague" and didn't "cover all the fees required".

The fund will be split between the Royal Foundation and another charity of Harry's choice, a royal source told Insider.

That seems wholly appropriate, given that Harry founded that charity based on Princess Diana's efforts where HIV/AIDS was concerned.

Then in June 2019 Harry and Meghan officially split off from the charity they shared with William and Kate. Although Prince Harry and Meghan Markle meant to launch Archewell rather soon after stepping back from their royal duties, the coronavirus pandemic necessitated a delay.

The trio would often appear together at events and the Foundation had huge successes with projects like the Invictus Games for injured veterans and the mental health Heads Together campaign.

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