Royal Watch News
Princess Diana Memorial Fund winding down
Nov 28, 2012, 12:02 GMT
The Princess Diana Memorial fund is being wrapped up after raising Â£100 million.
The charity was set up in the aftermath of the death of the Princess Diana is 1997 to continue her humanitarian work and will come to an end in December, with all future donations being entrusted to her sons, Princes William and Harry.
The decision to wind down the fund was made in 2007, but as an 'unincorporated' trust it cannot legally cease to exist.
So as it continues to automatically receive donations in future, it will do so through the Royal Foundation run by William and Harry, which becomes the fund's new legal owner.
The Royal Foundation's chief executive Nick Booth said: 'The fund has carried out fantastic work over the last 15 years to continue the legacy of Diana, Princess of Wales, and has improved the lives of some of the most disadvantaged people in the world.
'We feel it is appropriate and important that the Royal Foundation becomes the legal owner of the fund after its planned closure.
'We can think of no better organisation to continue the spirit of the humanitarian legacy of Diana, Princess of Wales, a legacy we have proudly based our work on for the past 15 years.'
The chairman of Diana Memorial Fund, Sir Roger Singleton, said: 'We are very pleased that the Royal Foundation has agreed to safeguard the name of the fund in the future.'
In 15 years it has given tens of millions of pounds to charitable causes and supported more than 400 organisations across the globe.
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