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Prince Harry and Meghan Markle present "Archewell"


LONDON, ENGLAND - MARCH 09: Prince Harry, Duke of Sussex and Meghan, Duchess of Sussex meet children as she attends the Commonwealth Day Service 2020 on March 09, 2020 in London, England. (Photo by Chris Jackson/Getty Images)

After stepping down as members of the royal family (and shuttering the Sussex Royal brand), Prince Harry and Meghan Markle are almost ready to launch their next public project: Archewell. The couple recently revealed the name of their new nonprofit to The Telegraph, which will exist to "do something meaningful, to do something that matters." They have trademarked the name for various uses including audiobooks, clothing, handbags, etc.

"Before Sussex Royal, the idea of ​​"Ark" arose, the Greek word meaning "source of action." We connected to this concept for the charity we hoped to one day build, and it became the inspiration for the name our son," said the couple, informed by AND! News. "Archewell is a name that combines an ancient word for strength and action, and another that evokes the deep resources that each must draw upon."

Although Harry and Meghan are opening up about this new venture, they are not ready to officially reveal Archewell just yet. "Like you, our goal is to support efforts to combat the global COVID-19 pandemic," they said. The pair added: "We look forward to launching Archewell when the time is right." In the meantime, the couple will continue to social distance with their 11-month-old son in Los Angeles.