Prince Harry and William split Diana memorial fund between them in official settlement

Brothers Prince William and Prince Harry will split the Princess Diana memorial fund between their now independent charity ventures, after the latter stepped down as a senior royal

Unzela Khan GAU Content Editor

06:47, 07 Jul 2020Updated 06:50, 07 Jul 2020

Prince Charles and Prince William have got closer says expert

Prince William and Prince Harry have split the Diana memorial fund between them for their individual charity interests.

The Duke of Cambridge and the Duke of Sussex are taking further measures to divide their working lives.

In an official statement, the Royal Foundation of the Duke and Duchess of Cambridge and Sussex Royal Foundation announced the separation of the fund.

Prince Harry and wife, Meghan Markle, stepped back as senior members of the royal family earlier this year.

Last month the Duke of Sussex's Endeavour Fund split from under The Royal Foundation, and merged with Harry's charity sporting event the Invictus Games.

[2_Prince-Harry-Opens-Greenhouse-Sports-Centre.jpg]

The brothers have taken another step to separate their working lives(Image: Getty Images)

Kate and William will carry on with The Royal Foundation separately, which is currently focusing on supporting those on the frontline of responding to Covid-19 in the UK.

The Diana memorial fund has been used jointly used by the brothers to fund her legacy for years, however, the new move is the final step in dividing their working lives.

William and Harry took joint control of the foundation in 2013 in a bid to use its future income for good causes, reports The Telegraph.

From December 2019, accounts showed the funds would be divided between the brothers' charity ventures.

Since stepping back, the Sussexes shut down the Sussex Royal organisation and are now focusing on a separate charity called Archewell.

[2_Diana-In-Jacques-Azagury-Design.jpg]

Prince William and Harry took joint control of the Diana memorial fund in 2013(Image: Tim Graham Photo Library via Getty Images)

Article continues below

The Telegraph reports the Royal Foundation annual report states: 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.

According to a spokesman for Harry, the money from his half will go to Sentebale, a charity set up in mother Diana's name to help children affacted by HIV in Lesotho and Botswana.

[Dailystar Icon]

ENJOYED THIS STORY?

Choose Daily Star as a 'Preferred Source' on Google News for quick access to the news you value.

[Google Preferred Source Badge]

At Reach and across our entities we and our partners use information collected through cookies and other identifiers from your device to improve experience on our site, analyse how it is used and to show personalised advertising. You can opt out of the sale or sharing of your data, at any time clicking the "Do Not Sell or Share my Data" button at the bottom of the webpage. Please note that your preferences are browser specific. Use of our website and any of our services represents your acceptance of the use of cookies and consent to the practices described in our Privacy Notice and Terms and Conditions.