Royal funder undergoes change – reports

Introduction

The Royal Foundation, the charitable organization of the Duke and Duchess of Cambridge, is reportedly undergoing significant changes. According to reports, the foundation is set to be split into two separate entities, with Prince William and Kate Middleton focusing on their own projects and Prince Harry and Meghan Markle creating their own foundation.

Background

The Royal Foundation was established in 2009 by Prince William and Prince Harry to support their charitable endeavors. In 2011, Kate Middleton joined the foundation after her marriage to Prince William. The foundation has focused on a range of issues, including mental health, conservation, and support for veterans.

The Split

Reports suggest that the split of the Royal Foundation is due to the diverging interests of the two couples. Prince William and Kate Middleton are said to be focusing on issues related to mental health, early childhood development, and support for the armed forces. Prince Harry and Meghan Markle, on the other hand, are said to be interested in issues related to the environment, female empowerment, and youth engagement.

The split is seen as a natural progression for the two couples, who have increasingly pursued their own interests in recent years. The move is also seen as a way for Prince Harry and Meghan Markle to establish their own identity within the royal family, as they prepare to launch their own charitable foundation.

Impact

The split of the Royal Foundation is expected to have a significant impact on the charitable sector in the UK. The foundation has been a major player in the sector, with a focus on innovative and impactful projects. The split is likely to result in a reduction in funding for some of these projects, as the two new foundations focus on their own priorities.

However, the split is also seen as an opportunity for the two new foundations to focus on their own areas of interest and expertise. This could lead to the development of new and innovative projects, which could have a significant impact on the charitable sector in the UK and beyond.

Conclusion

The split of the Royal Foundation is a significant development for the charitable sector in the UK. While it is likely to result in a reduction in funding for some projects, it also presents an opportunity for the two new foundations to focus on their own areas of interest and expertise. The move is also seen as a way for Prince Harry and Meghan Markle to establish their own identity within the royal family, as they prepare to launch their own charitable foundation. Overall, the split is likely to have a significant impact on the charitable sector in the UK and beyond, and it will be interesting to see how the two new foundations develop in the coming years

Original article Teaser

Royal funder undergoes change – reports

The company that finances the activities of Britain’s royal family is undergoing a change, according to reports. The Crown Estate dates back to 1066, when William the Conqueror invaded England from Normandy and claimed its land ‘in right of the Crown’. A millennium later, its holdings have shrunk. It owns London property last valued at £7.7 billion; some shopping malls, land outside London, and most of the seabed around Britain. According to the Wall Street Journal, the assets belong to King Charles only in his public capacity as monarch. In practice, the Crown Estate gives its profit to the UK Treasury, which in turn hands over a semi-fixed cut to the royal family, for it to carry out public duties

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