Prince Harry and Meghan Markle are setting up a new nonprofit called Archewell, the Daily Telegraph reports Monday based on a conversation with the couple. The British prince and his wife replaced their Sussex Royal foundation with Archewell after relinquishing their royal titles on March 31.

The application for Archewell was filed in March in the United States, and the foundation is said to house a charity foundation, an education platform, a volunteer service, and a website. Further details about the foundation, such as when it will start, will follow later than planned due to the situation surrounding COVID-19, better known as the coronavirus.

The name Archewell is based on the Greek word 'arche', which means 'base of action'. Harry and Meghan revealed to the Telegraph that the word was also the inspiration for the name of their 11-month-old son Archie.

In late March, Harry and Meghan relinquished their royal titles due to continuing conflicts with the British tabloid press. The couple previously moved from the United Kingdom to Canada and then Hollywood to the United States.

See also: Harry and Meghan no longer royals: 'The question is whether Harry is happy'