Prince Harry, Prince William to split Princess Diana's memorial fund for charities

Princess Diana

Reports have said William and Harry recently reconciled over video calls, though their representatives have not confirmed this.

The latest step toward completely separating their businesses is that the fund set up in the memory of their late mother Princess Diana will be split between the brothers' charitable efforts.

The brothers have not been seen together publicly since the Duke and Duchess of Sussex's final royal engagement for Commonwealth Day earlier this year.

It was agreed just under a month before the Duke and Duchess of Sussex announced they meant to step back as senior members of the royal family and become financially independent.

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.

Moving forward, Prince Harry chose Sentebale, a charity he set up to help the victims of extreme poverty and HIV/Aids in Lesotho, Botswana, and Malawi, for the donations.

In April 2013, the Royal Foundation charity assumed legal control of the Diana, Princess of Wales Memorial Fund to protect any future income upon the ending of its operations.

Man United boss, Solskjaer dismisses Ake transfer rumours
Asked if he felt United needed to win all of their remaining games, the manager said: "I think so, yeah". There's been loads said about him and we need to be aware of him, if he's off the left, middle or right.

The report notes that Sussex Royal received pounds 145,000 to fund its set-up and launch, with a further pounds 100,000 to Travalyst.

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

Proceeds raised from the fund average at around £20,000 a year, and up until this recent agreement was signed, all of that money was being donated to the previously-shared Royal Foundation. It also mirrors the name of their son, one-year-old Archie Harrison.

Documents have revealed that William and the Sussex Royal Foundation agreed to split the future proceeds of the memorial fund between both of their charities.

This happened shortly before Prince Harry and Meghan Markle announced they intend to step back as senior members of the royal family and become financially independent. They are now living in their mansion in Los Angeles.

William gave Harry a shout-out in a letter to The Diana Award in May.

Related News:



Most liked

F1 2020 to launch in July with new, "innovative" team creation mode
Players will manage as well as drive for the team alongside the established 10-team field in the full 22-race career mode. In the real world the 2020 F1 season is yet to turn a wheel, but thankfully the virtual edition is still on track.

Android 11 Beta 2 Arrives
It then scheduled an Android 11 beta launch show but that too was pushed back due to the protests in America. There are new APIs for features such as Conversations, Bubbles, Device Controls, and Media Controls.

Sounds Like Samsung Will Stop Including Chargers with its Phones
Samsung is also offering up to INR 8,000 extra exchange value for old smartphones when buying new Galaxy smartphones. The report also says the resulting reduction in cost will help to offset some of the increased expense caused by 5G.

Google and Apple launches ‘COVID-19 exposure notifications’ on your phone
Make sure you select the search result with "Health Service Executive Ireland" under the app name. The Aarogya Setu app made by the Indian government has an in-built contact-tracing API already.

Tinder now testing video chat in select markets, including US
More so than just a pandemic band-aid for dating, Face to Face could cement itself as an essential new feature for Tinder. Kozoll said he could not give specifics because the issue is complicated and moderation is done on a case by case basis.

The Umbrella Academy Season 2: First Trailer Released
That was a downer, but the show's family of misfit superheroes will have another chance to save the world in Season 2. King, Mike Richardson, Keith Goldberg and showrunner Steve Blackman. "But seriously, no pressure or anything".

Gold Prices In India Above Rs 49,000, Silver Above Rs 51,000/kg
That's up 655.6 tons so far in 2020, topping the rise in tonnage terms seen in 2009, the prior full-year peak. Gold prices in India edged lower today after hitting a new high in the previous session.

The Upcoming Huawei Mate V will Fold Inwards
The right side is where you discover the volume and power buttons, the latter of which bears a red accent. Huawei and Samsung are the two companies that have so far launched foldable smartphones in the market.

Broadway star Nick Cordero dies months after contracting coronavirus, wife says
He was surrounded in love by his family, singing and praying as he gently left this earth", Kloots wrote to her followers. You have no idea how much you lifted my spirits at 3pm everyday as the world sang Nicks song, Live Your Life.

One lucky Australian wins entire $50 million jackpot in Oz Lotto draw
One lucky NSW resident is about to be a multi-millionaire after a mystery victor scored the $50 million jackpot on Tuesday. The 10 winners have collectively taken home $127,143,666 in division-one prize money.

Dortmund reveal plan to replace Man Utd target Sancho
This past season, Sancho participated in 44 matches with Borussia Dortmund , scoring 20 goals and making 20 passes for goals.

Jamal Crawford to Sign With Brooklyn Nets
At worst, the Nets would fall to the ninth spot and be guaranteed two play-in games to determine which team gets the eighth seed. DeAndre Jordan , Spencer Dinwiddie , Taurean Prince , and Wilson Chandler have all opted out of the resumption of the season.

China aims to be sole 'superpower — FBI's Wray
The apps "serve as appendages of the Chinese Communist Party's surveillance state", he said. 'That is sobering enough. Wray continued, "Our data isn't the only thing at stake here, so are our health, our livelihoods, and our security".

Kanye West's Yeezy, MPTF, AFI Approved for Multimillion-Dollar Federal Loans
The Yeezy brand got a further boost last week when Gap announced a massive partnership with West's popular fashion line. But what do U think, Perezcious readers? Or do you have a different idea of "small businesses"?

Stephen Jackson defends himself for defending DeSean Jackson
Cooper later apologized to his teammates and was signed to a five-year extension by the Eagles in 2014. If it's talking about the Black race, y'all ain't saying nothing about it.