Cormack Foundation

The Cormack Foundation is a front group used by the Liberal Party of Australia to funnel funding without the knowledge of the Australian Electoral Commission or the Australian public.

It is a non-profit investment company, set up by the Liberals from the proceeds of Melbourne radio station 3XY.

According to a February 2010 analysis by journalist Stephen Mayne, "the foundation has distributed more than $25 million to the Liberal Party over the past 22 years and also built up the capital to $58 million spread across 16 blue-chip investments." 

Directors

 * John Calvert-Jones
 * Hugh Morgan
 * Charles Goode

Other Sourcewatch Resources

 * Liberal Party
 * Greenfields Foundation
 * Free Enterprise Foundation
 * Menzies Research Centre

External Resources

 * Hamish Fitzsimmons, Mysteries remain in political donations, PM, ABC Radio National, 2 February, 2004.
 * List reveals near-$2m donation to Liberals, ABC News, February 2, 2004.
 * Josh Gordon, Parties hide donor identities, The Age, 3 February 2004.
 * Lessons for Australia in US corruption scandal, The Age, 8 January 2006.
 * Stephen Mayne, Totally addicted to coal, Crikey.com.au, 10 February 2006.
 * Stephen Mayne, Revealed: The $58m share portfolio that can topple Brumby, Crikey.com.au, 18 February 2010.