Another crack seems to have caught Prince William and Prince Harry’s relationship as the two regularly split future proceeds of their late mother Diana’s memorial fund.
As part of their division of charitable activities, the Cambridges’ Royal Foundation and the Sussex Royal foundation which is no longer active, had signed an agreement back in December, required financial documents.
The agreement among the two companies was made only a month prior to the Duke and Duchess of Sussex’s exit from the British royal family.
The Royal Foundation took care of Princess of Wales Memorial Fund’s legal control back in April 2013 to shield prospective income upon the operations’ finish.
The fund despite still currently receiving occasional donations with the cash getting directed towards charities of Harry and William’s choice.
Last year in June, Harry and Meghan broke from the joint-charity which was then renamed the Royal Foundation of the Duke and Duchess of Cambridge with the establishment of different foundation Sussex Royal.
As per the report and consolidated economic statements for the past year of the Royal Foundation, “On 18 December 2019, an agreement was signed with the Sussex Royal Foundation on which the Royal Foundation designed to grant half of the net later proceeds received by the Diana Fund to Sussex Royal.
“In March 2020 The Duke and Duchess of Sussex stated that they would no longer be operating Sussex Royal as their first philanthropic vehicle in the UK and accordingly their share of the net proceeds will instead be donated to another charity of the Duke of Sussex’s choosing.”
The documents disclosed that an amount of £21,346 was transferred from The Diana, Princess of Wales Memorial Fund to the Royal Foundation in 2019 after a £21,583 transfer the past year.
Harry had requested his share to be directed towards a charity he had helped to establish for Malawi, Botswana, and Lesotho’s victims of HIV/Aids and extreme poverty. The non-profit was called Sentebale.
According to the annual statement of the Royal Foundation, an unrestricted grant of £145,000 was awarded to Sussex Royal for the charity’s creation.
Another restricted grant of £100,000 also moved to Sussex Royal for Travalyst, Harry’s sustainable tourism program.