Prince William and Prince Harry have agreed to split proceeds from Princess Diana’s memorial fund between them, as they separate their charitable activities.
The agreement was made in December last year, in the lead up to Prince Harry and Meghan Markle stepping down from their senior roles in the royal family.
Future proceeds from their mother’s Memorial Fund will now be divided between the brothers’ charities of choice.
In 2013, the Royal Foundation charity assumed legal control of their mother’s memorial fund to safeguard any future income upon the ending of it’s operations.
The Royal Foundation operated under the names of the Sussexes and Cambridges, before Meghan and Harry formally split from the joint charity and established the now abandoned Sussex Royal Foundation.
The official report from The Royal Foundation grants the brothers’ equal dividends of the memorial’s proceeds to give to their charity of choice.
The report reads: “On 18 December 2019, an agreement was signed with the Sussex Royal Foundation by which The Royal Foundation intended to grant half of the net future proceeds received by the Diana Fund to Sussex Royal.”
“In March 2020 The Duke and Duchess of Sussex announced that they would no longer be operating Sussex Royal as their primary philanthropic vehicle in the UK and accordingly their share of the net income will instead be donated to another charity of The Duke of Sussex’s choosing.”
It is understood Prince Harry has asked for his share of the funds to go to Sentebale, a charity he founded to help the victims of extreme poverty and HIV/Aids in Lesotho, Botswana and Malawi.
On the latest episode of Goss Chats, Ali Ryan sits down with Selling Sunset’s Christine Quinn, who reveals the real drama between the women on the show, and how she battled coronavirus on her wedding day.
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On this week’s episode of #GossChats @itsalirose is sitting down with #SellingSunset star @thechristinequinn who opens up about all the drama that goes on behind the scenes of the hit Netflix show, and reveals for the first time that she was battling coronavrius on her wedding day. #GossChats is sponsored by @haus_of_jejuve