Latest news with #ChristChurchGrammar
The Age
2 days ago
- Business
- The Age
How WA's wealthiest private schools have their cake – and eat it too
The West Australian private schools serving the richest families in the state raked in millions of dollars from donations, investment income and other income in a year, new data shows. The Australian Charities and Not-for-profits Commission has just released the data for 2023 which shows that 20 schools across the state with a median adjusted taxable family income of over $200,000 a year received a combined $46.5 million. They received $14.6 million in donations, $8.4 million as investment income and $22.6 million in other income. Other income could be in the form of rental properties, hire of facilities and sale of assets. Of the 20 schools, just six received $31 million of the total. Christ Church Grammar topped the list at $8.1 million, including $2.9 million in donations and $5.3 million from investments. According to data the Department of Education released to Senate Estimates, the median family income was the highest in the state at $376,000. The top 25 per cent of families in the school earned more than $690,000. Save Our Schools convenor Trevor Cobbold, who aggregated the data, said these other income streams were problematic because they were not considered by the federal government when determining taxpayer funding of these schools.
Sydney Morning Herald
2 days ago
- Business
- Sydney Morning Herald
How WA's wealthiest private schools have their cake – and eat it too
The West Australian private schools serving the richest families in the state raked in millions of dollars from donations, investment income and other income in a year, new data shows. The Australian Charities and Not-for-profits Commission has just released the data for 2023 which shows that 20 schools across the state with a median adjusted taxable family income of over $200,000 a year received a combined $46.5 million. They received $14.6 million in donations, $8.4 million as investment income and $22.6 million in other income. Other income could be in the form of rental properties, hire of facilities and sale of assets. Of the 20 schools, just six received $31 million of the total. Christ Church Grammar topped the list at $8.1 million, including $2.9 million in donations and $5.3 million from investments. According to data the Department of Education released to Senate Estimates, the median family income was the highest in the state at $376,000. The top 25 per cent of families in the school earned more than $690,000. Save Our Schools convenor Trevor Cobbold, who aggregated the data, said these other income streams were problematic because they were not considered by the federal government when determining taxpayer funding of these schools.
