General
Charity Rorts: how private schools and big business rob from the poor to give to the rich
The registered charity that is Victoria’s Wesley College, one of the nation’s richest schools, had an income in 2019 of $128.64 million. Its massive renovation program has included $21 million for a music school, $16 million for a boarding facility and $2.5 million to refurbish its boathouse.
As a charity the school receives perks including income tax exemptions, GST concessions and deductible gift recipient status.
Another registered charity just down the road is Caulfield Grammar, with more than $100 million of income. It has been constructing a new aquatic centre with an Olympic-sized swimming pool, moveable floors and walls and “wellbeing spaces” for dance, pilates, meditation and yoga.
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