Harry's latest ventures

[Viviennemary]

Now being reported in the Daily Express that Harry is working on a new tell all documtary about royal life. This is according to his biographer Angela Levin. And even more disclosures about the royal family are forthcoming. Is this going to go on for years. We shall have to wait and sed. I think its very very wrong of him.

I wonder if that was the reason behind the move to the US? They would never have been able to run anything like this from the UK.

5% of net profit is horrifying.

@randomkey123

I wonder if that was the reason behind the move to the US? They would never have been able to run anything like this from the UK.

5% of net profit is horrifying.

But they did not make these tax rules you all repeat this 5% as if they are the first - there are many many before and there will be even more after. What they are doing is not illegal and lots of philanthropist in the US do the same. The point is you have no idea how much they are giving all you know is the minimum is 5%. Obviously If people donate and they are able to pass on even 5% to good causes then it is worth while. Whoever said they couldn't get away with it in the UK - this scheme isn't available in the UK, but there are plenty of very wealthy dodgy tax cheats or using dubious offshore companies to store their millions.
What will Archie think of foundation in his name in future. I think he will be a very proud of his parents.

Maybe Archie’s little sister will be raging at all the attention her oldest brother is getting and resent growing up in the limelight? She might go on to say her life in her mansion was a gilded cage and she craved a normal childhood where paparazzi weren’t chasing them.

Very convenient to set up a Foundation, and pay yourselves in salary and expenses 95% of the money donated for simply posting a few photos and deciding where to donate a tiny amount of the money raised

It's a business. That's why they are all at it.

Bonkers was a foolish word to use, and criticising the constitution was a mis-step, but this was a conversation, not a prepared speech. I don't think Harry has the nous to manage a wide ranging conversation without this kind of mis-step.

US foundations make people extremely rich and are nothing like what we in the UK understand as charities. H&M wouldn't get rich doing charity work here, they can get very, very rich if it all goes to plan by running their Foundation and ensuring they pass on the requisite amount to "good causes".

Some work we'd expect UK state to do in supporting people is funded through "philanthropic" enterprise in the US system and taxes are worked very favourably to encourage this type of behaviour.

It is disingenuous that it is presented as "charity" - it's how they will be making a very good living, if it goes as planned.

The only thing required to run this tax efficient money making Foundation is to ensure you're giving the requisite amount to "good causes". In a way, could try to think of it as a UK tax vehicle for offsetting tax.

All well and good if you're upfront about it, but not if you want to go around as if your Foundation makes you a "good" "kind" person. Just crack on with it, leave the saintly spiel out of it.

@Myphone

Maybe Archie’s little sister will be raging at all the attention her oldest brother is getting and resent growing up in the limelight? She might go on to say her life in her mansion was a gilded cage and she craved a normal childhood where paparazzi weren’t chasing them.

They both might feel pretty cheated out of not knowing their cousins , Uncle and Grandfathers too.

To be fair, I think Mr Markle would photograph his Grandkids and sell it to the highest bidder. I don’t think they are missing out on much there. I’m sure the dust will settle and the kids will be photographed with King Charles. Nothing like keeping the brand content fresh.

Is he really having therapy at the moment?

My psychotherapist said that IF I sent a letter to my parents telling them what i really thought, then I'd have to deal with the fall out of the letter which would distract me from the original core wound that made their current behaviour so painful.

So I gathered that in therapy the idea was not to go stirring things so that you had to deal with their current reactions. You want to focus on your own reactions.

you have no idea how much they are giving all you know is the minimum is 5%

Absolutely - and that's why I asked if there are any accounts available

Can we please not assume that only 5% is going to good cause. That is entirely possible under foundation rules. But so is giving 100%. Anything we say at this point is pure speculation and suggesting they will become rich off it is unpleasant.

I say this as someone who is no longer a fan of either of them but there are enough things they have done wrong without making more up.

I think its perfectly reasonable to query the percentage going to good causes. Since never a day hardly goes by when we don't hear about their charitable endeavours.

I wasn’t criticising them for building a relief centre. I was asking where the first one was.

However ‘Duchess Meghan’ is naff and inaccurate. They are the Duke and Duchess of Sussex.

@Puzzledandpissedoff

you have no idea how much they are giving all you know is the minimum is 5%

Absolutely - and that's why I asked if there are any accounts available

Their Sussex Royal website stated that 10% of net profit was going to charity, so it would be reasonable to presume that Archewell is also giving that. Their website for Archewell doesn't mention a figure though.

i dont get this. people give money for good causes and only about around 5-10% reaches to the needy. it looks so unfair.

on tv there are ads with children suffering in Africa. so if you give money most of it will go to the bosses. very weird.

i dont understand how this is acceptable. those bosses must be very heartless.

i wonder who became rich or very, very rich like that.

Absolutely - and that's why I asked if there are any accounts available

I assume their accounts will be available for scrutiny as and when expected. Have they even completed a full tax year yet? Most Americans submit tax returns (except Trump who considers himself above the law). So I'm sure when the time comes you will be able to see. Don't worry the tabloids would have already jumped on this if it was the case. And I expect they have pretty good accountants and lawyers to take care of this.

I think its perfectly reasonable to query the percentage going to good causes. Since never a day hardly goes by when we don't hear about their charitable endeavours

They may put it on the Archewell website (which no one has to look at, you would have to seek that out to see it) or the Charity/Endeavour may tweet their thanks. And that should be allowed to happen surely....
Or the media picks it up. Again, out of their control as we know from when they were in the UK.
I personally think it's great they have charitable endeavours, would you prefer they didn't?
So it looks like 10%... even better!

@Roussette

I think its perfectly reasonable to query the percentage going to good causes. Since never a day hardly goes by when we don't hear about their charitable endeavours

They may put it on the Archewell website (which no one has to look at, you would have to seek that out to see it) or the Charity/Endeavour may tweet their thanks. And that should be allowed to happen surely....
Or the media picks it up. Again, out of their control as we know from when they were in the UK.
I personally think it's great they have charitable endeavours, would you prefer they didn't?
So it looks like 10%... even better!

90% to them...which is, of course, the real reason why they left the UK.

the real reason why they left the UK

So.. nothing to do with the unrelenting press that was damaging Meghan and affecting their lives?

I never heard that the real reason was... to make money and no other reason.
Charitable endeavours and living their best life, yes.

I think if posters on here are going to attack the way Foundations work in the US, attack them all. Not just M&H because... it's M&H.

There's a lot of them.
10% is great! More than they have to do.

So.. nothing to do with the unrelenting press that was damaging Meghan and affecting their lives?

But Harry has admitted that when they moved to LA there was a media feeding frenzy, so clearly that back fired.

To be honest I am not a fan of people here or in the US setting up their own charities . Much better to use your profile to raise money for existing charities and causes. Too many charities are set up without adequate back office expertise leading to wastage and poor decision making. I am not a fan of the US Foundation model unless it is entirely funded by the donor because otherwise it becomes like a clearing house for donations . If you want to give to cause ‘A’ give directly or to a specialised charity in that field, don’t give to celebrity X’s foundation so that they can give it to ‘A’. Why do you think the celebrity x knows more about it than you. Also you are just paying for two levels of admin not one meaning that less money makes it to the end user.

But a previous poster is correct in saying that this model is a perfectly valid business model in the US.

But Harry has admitted that when they moved to LA there was a media feeding frenzy, so clearly that back fired.

But that's just it - it did die down obviously initially there would be a frenzy but it certainly didn't backfire - In the UK it was never ending relentless, hateful and damaging with their son Archie likened to a monkey by someone you would expect to have known better. That was all when they supposedly had the protection of the RF.

I am so happy they got out and wish them happiness in their endeavours. Definitely they will make mistakes along the way - don't we all???