Giving to Diana Fund Less Than First Reported
October 30, 1997 | Read Time: 1 minute
Donations to the Diana, Princess of Wales Memorial Fund are adding up slower than first reported.
Officials at Mischon de Reya in London, the law firm that is administering the fund, put the total as of last week at £12-million, or almost $20-million. Some early news reports had placed the value of donations pouring into the fund to honor the late Princess at well over $100-million.
Contributions continue to come in daily at Kensington Palace, where the Princess lived before her death in August. And proceeds from the singer Elton John’s revamped version of “Candle in the Wind” will go to the fund, as well as profits from a handful of other books and albums that have been produced as memorials to Diana.
Three trustees have so far been named — Diana’s sister Lady Sarah McCorquodale, as well as Diana’s lawyer and her personal secretary — but how the money will be spent remains uncertain.