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.

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

It is a perfectly valid business model in the US. It allows people to enter, say, public office, with a net worth of a few thousand dollars and emerge as multi-millionaires. It's a valid way to wealthify themselves. America is a free market economy. Perfectly valid. It's what Harry and Meghan are doing in the US that they would not be able to do in the UK .

I suppose my problem with it is that the only reason they can set up a foundation is that they have connections with the Royal Family as the reason for their celebrity. It’s not through anything they have down themselves. Also, didn’t they originally say they were not going to set up a foundation at all?

So... it sounds like H&M are doing what many many others do with their Foundations and there is no criticism to be had. Because it is all perfetly legal and they appear to be passing on double the minimum.

it did die down obviously initially there would be a frenzy but it certainly didn't backfire
Exactly.
There was a 6week/2month period when they were moving from Canada to US. There was no sight of them, nothing. The media over here was beside itself, and had to regurgitate old stuff to keep the clickbait going.

I too am delighted they got out.

didn’t they originally say they were not going to set up a foundation at all?

Did they? I never heard that one.

But they are not the first to use their connections to get ahead - this is very common in the UK. I wouldn't mind all this anger directed at H&M if they were unusual but it is the way most people with money or connections get ahead - it's not because they slogged their way through any training, academics, or worked their way from the bottom up this is especially so in the UK. Meghan was an actress and with that she would have had connections and now as a member of the RF whether you like it or not her network has opened up even wider - that's just the way it is. So far as they continue to use some of it to do good in the world.l I really don't see the issue.

www.townandcountrymag.com/society/tradition/a31048689/meghan-markle-prince-harry-not-foundation-non-profit/

Thanks for the link, I never saw that back then. They've changed their minds, maybe it's the only way to do the charitable initiatives. Who knows.

@Roussette

didn’t they originally say they were not going to set up a foundation at all?

Did they? I never heard that one.

Gosh Rousette-how remiss of them not to tell you.

Even I had heard that one!

So... it sounds like H&M are doing what many many others do with their Foundations and there is no criticism to be had. Because it is all perfetly legal and they appear to be passing on double the minimum

Completely agree. I'm all for it. Individuals should be able to keep the wealth that they create for their hard work. Happens everywhere and is a process as old as the hills. The obscuring of it is also as old as the hills. As long as everyone recognises what is going on, then it's all good. Just ordinary people using everything they have to wealthify themselves and applying a layer of mootness to the process. Here, it's Harry and Meghan using the label 'charity' for their business.

I don't pretend to understand the monetary machinations in this area but I did read that the Charity Commission in the UK had been reviewing Sussex Royal and its mode of operation. This was instigated by a complaint from an anti-monarchy group who were also unhappy with the fab four's Royal Foundation - remember that - and the way money was transferred from that entity to Sussex Royal and Travalyst, which is a non-profit, not a charity, and therefore not subject to as stringent regulatory conditions.

royalcircular.com/2021/03/06/sussex-royal-set-to-be-reviewed-by-charity-commission/

I'm not aware of the commission making any definitive pronouncements as yet.

But it seems to be helping to keep H&M's lawyers busy.

diddl I don't have a private line to them lol and maybe you concentrate on them more than I do!

I have looked on their own website which they have control over rather than statements from other sources but I can't see where they have stated Archewell is a charity or is there a video somewhere? This is a genuine question and I could easily be wrong as I have not read the whole website.

@Roussette

diddl I don't have a private line to them lol and maybe you concentrate on them more than I do!

Of course you don't.

It's the way you write that you haven't heard something-as if that's important!

Sorry I dont understand you. I just said I hadn't heard of something?

Not sure how that is important or indeed even why you are discussing what I know or don't know
I imagine me writing at all is annoying to some!

Quite frankly, nothing any of us say on here is important.

"Sorry I dont understand you"

Ok then.

I agree they have to make a living and using the foundation method is there best chance of achieving the lifestyle they want to lead. I think what may irk people is if you are principled as they are, they would sever ties with the family/institution that they believe are punishing their son because of racism and who refused to defend them in the media. The wanker that made that monkey joke deserved all the humiliation and future backlash that he gets. Any racist does. If I believed my family were racist about my child and I felt strongly enough to broadcast that worldwide, that would be the end for me. I would hand in my worthless badges, titles and go off to forge a truly independent life. Comparing them to other Royals earning a living isn’t the same. Those individuals want the money and they know it’s sleazy, ethics don’t come in to it. Those other Royals who are willing to sell their connections aren’t on a podium selling themselves as ambassadors of human rights, environmentalists and fairness.
Yes they are human, they are trying to do good but they like the wealth and fame. They like being fawned over and VIP treatment.

Its the trading on their status and the constant interviews bemoaning how badly they were treated. Im sure I read they said they would't be doing more of the same after Oprah. Is this going to go on for the next thirty or forty years. Is anything going to be done to stop them of will it be usual head in the sand ignoring till the problem gets worse.

The Archewell Foundation was incorporated in Delaware (US).

Delaware has flexible business laws and its low personal income tax rates.

While a company's officers and directors must be disclosed, the actual owner is not required to identify themselves.

The minimum 5% has already been stated (the percentage is higher for foundations incorporated in other states). There is a requirement to file accounts annually, by 1st March.

Benefits of Incorporating in Delaware

Delaware Annual Reporting Requirements

Well... firstly, glad to amuse you, its good to bring a bit of levity to a thread like this at times!
Secondly, incorrect. It's because I keep my name and don't NC like others do or have done. (Not directing this at you). But I know there are many posters who have been here from the start continually, but no one clocks them because they NC. At least I'm brave enough to stand by my name and suck up the comments and indeed insults at times.

Even if I don't post, I get continual @Rou saying stuff to me ! Which is a bit weird. Almost like I'm missed if I'm not here lol

@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!

10% to charity and 90% to whom?

I think that's disgusting - but hopefully H & M will shine a light on what should be done, and give 95% to charity, and the remaining 5% could cover necessary expenses.

I'm going to try and think the best of them, and hope I'm not disappointed.

@Roussette

Thanks for the link, I never saw that back then. They've changed their minds, maybe it's the only way to do the charitable initiatives. Who knows.

Archiewell is registered in the US as a 501(c)(3) organisation, which is one of 29 different ways to structure a non-profit organisation under US law. The fact that it is a foundation must therefore be their choice (I mean, they will obviously have been advised what structure best suits their aims and wishes, whatever they may be) as there are a number of ways they could have done it.

@Itreallyistimetochangethings

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???

Likened to a monkey???? You’re making things up for the sake of it

Ermmmm.... that is not made up. There was a huge outcry about the vile pic he posted on Twitter. The person concerned was sacked from their fairly high profile job. Quite rightly so.