William and Harry agree to split future Diana memorial fund proceeds | UK news

The Duke of Cambridge and Duke of Sussex have agreed to divide the future proceeds of their mother’s memorial fund between them as part of the separation of the brothers’ charitable activities.

According to financial documents, an agreement was signed in December last year between the Royal Foundation of the Duke and Duchess of Cambridge and the now abandoned Sussex Royal foundation.

It was agreed just under a month before Prince Harry and Meghan announced they intended to step back as senior members of the royal family and become financially independent.

In April 2013, the Royal Foundation charity assumed legal control of the Diana, Princess of Wales Memorial Fund to safeguard any future income upon the ending of its operations.

The fund is no longer actively fundraising, but it…

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