98% of donations go to Royal Charity staff
The royal charity that has partnered with Prince Harry has given 98% of its donations to its own staff.
A royal charity that has partnered with Prince Harry’s life coaching company has given its staff 98 per cent of the money it raises in a year, it has revealed.
The Queen’s Commonwealth Trust (QCT) brought in £796,106 from donors but paid £787,314 in staff costs to its ten staff in the year to March 2021.
More than half of the money went to its five most senior executives who earned £420,000 between them, according to Charity Commission accounts.
Chris Kelly, the chief executive of QCT, earns at least £140,000 – a salary similar to that of the RSPCA boss, although the animal charity has raised some £130m in donations and employs nearly 2,000 people.
The QCT, which has the Queen as patron and is based near Buckingham Palace in London, was launched in 2018 to provide funding and other types of support to young Commonwealth leaders.
Prince Harry and his wife, Meghan Markle, were QCT’s first chairman and vice-chairman, but they lost their positions when they moved to the United States to pursue business and media careers.
Now, however, the QCT is promoting online coaching firm BetterUp, which employs Prince Harry as impact director for an undisclosed salary.