Prince Harry and Prince William to Split Princess Diana Memorial Fund's Future Proceeds

Chloe Foussianes
Photo credit: Shaun Botterill - Getty Images
Photo credit: Shaun Botterill - Getty Images

From Town & Country

Prince Harry and Prince William will divide the future proceeds of the Diana, Princess of Wales Memorial Fund, new documents from Prince William and Kate Middleton's Royal Foundation reveal.

In 2013, the Royal Foundation—which, at the time, represented Prince Harry as well—took control of the charity, also known as the Diana Fund, in order "to safeguard both the Fund’s name and any future income donated to the Fund once its operations had ceased," according to the report.

Following Prince Harry and Meghan Markle's decision in the summer of 2019 to split off from the Royal Foundation and form their own charitable foundation, SussexRoyal, an agreement was signed allocating half of the Diana Fund's future proceeds to SussexRoyal.

But Harry and Meghan, after stepping back from their roles as senior royals, were no longer able to operate a brand with "royal" in its name, they've since formally dissolved SussexRoyal and announced plans to form a new charity. Accordingly, in the Royal Foundation's financial documents, "their share of the net income will instead be donated to another charity of The Duke of Sussex's choosing," rather than the defunct SussexRoyal.

Photo credit: Tim Graham - Getty Images
Photo credit: Tim Graham - Getty Images

The Diana Fund has stopped actively fundraising—and the majority of its original assets were donated to charities chosen by Harry and William—but still sees some income through occasional donations. According to the Guardian, that hovered a little over £21,000 ($26,319) for both 2018 and 2019.

The publication reports that Harry asked for his share of the proceeds go to Sentebale, a charity he cofounded to help those affected by HIV and AIDS in Lesotho, Botswana, and Malawi—an appropriate choice, as Princess Diana was famously involved in AIDS-related charities as well.

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