A source said, “This is an extremely symbolic moment.
“Since Harry and Meghan announced their decision to seek a different life, these kinds of decisions should be made.
“It is another symbol of the divisions between the boys who used to be so close. ”
Documents reveal that an agreement was signed last December between the Royal Duke and Duchess of Cambridge Foundation and the now-extinct Sussex Royal Foundation.
The Royal Foundation charity took legal control of the Diana, Princess of Wales Memorial Fund in 2013 to protect revenues.
The fund no longer actively raises funds, but occasionally receives bequests and donations, with most of its money originally going to causes chosen by William, 38, and Harry, 35.
The Royal Foundation operated under the names of Sussex and Cambridges until June of last year, when Harry and Meghan announced their split.
It became the Royal Duke and Duchess of Cambridge Foundation, while the Royal Sussex Foundation was created.
Harry and Meghan closed Sussex Royal after the Queen forbade them to use the term “royal”.
They are creating an American non-profit organization called Archewell after Archie’s son, one.
It is understood that half of Harry’s Diana funds will go to Sentebale, his charity for children in Africa.
The Royal Foundation’s report and consolidated financial statements for 2019 reveal that it received £ 21,346 from The Diana Fund.
Sussex Royal obtained £ 145,000 to finance its set-up and an additional £ 100,000 was paid to Travalyst, Harry’s eco-friendly travel company.
Archewell and Travalyst will no longer receive funds from the Diana fund, as there are no charities registered in the United Kingdom.