Cormack Foundation

The Cormack Foundation is registered as an "associated entity" of the Liberal Party with the Australian Electoral Commission. In 2014-15, it had receipts of A$5,403,207, which were marked as "other receipts", not subject to the tax deductibility limits for political donations. As of 2018, the Cormack Foundation is worth $70 million and has distributed approximately $50 million to the Liberal Party since it was founded. The Cormack Foundation is typically the largest single donor to the Liberal Party, but it has also contributed to Family First and the Liberal Democratic Party and right-wing think tanks the Centre for Independent Studies and the Institute of Public Affairs.