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February 22,2022
Andrew Campbell
The Queen's Commonwealth Trust (QCT), a Royal charity that has partnered with Prince Harry's life coaching firm BetterUp, received £796,106 in donations in the year leading up to March 2021, but reportedly paid out £787,314 in staff costs to its ten employees. According to the news, the QCT paid its employees 98 percent of the money it raised in a year.
The Queen Elizabeth Diamond Jubilee Trust and the now-defunct Queen's Trust funded the QCT's launch on April 21, 2018. (2012-2020). The Queen's Commonwealth Trust (QCT), a well-known Commonwealth organization with the Queen as patron, is promoting an online coaching business with Prince Harry as its chief impact officer. BetterUp's mentoring was described as "truly phenomenal" by one customer on the QCT website.
The Trust's former president was Prince Harry, Duke of Sussex, who stepped down from royal duties in February 2021. Harry joined BetterUp in March of 2021. The San Francisco-based company was founded in 2013 and is a mobile-based platform that provides coaching to employees. Individual subscription costs are not listed on the website, but they are said to range from $249 to $499 per month.
The amount spent on salaries casts serious doubt on how important humanitarian efforts are to the organization, which is patronized by the Queen. According to a Charity Commission report, which registers and oversees charities in England and Wales, more than half of the money went to the company's top five executives, who received a total of £420,000.
The royal family is already reeling from Prince Andrew's decision to settle a sexual assault claim out of court on January 15, a saga that has so far overshadowed Queen Elizabeth II's Platinum Jubilee celebrations. Meanwhile, British police have launched an investigation into Prince Charles' charitable foundation in response to allegations of a cash-for-honors scandal involving a Saudi businessman. In 1976, the Prince of Wales established Charles' charity to assist jobless people in regaining employment and starting small businesses.