The REAL story of Grace Tame's failed foundation is more damning than we thought: PVO reveals the most embarrassing number on the balance sheet

By PETER VAN ONSELEN, POLITICAL EDITOR, AUSTRALIA Published: 14:17, 11 April 2026 | Updated: 14:17, 11 April 2026 The Grace Tame Foundation's much-hyped search for a new chief executive has finally come to an end. Not with the appointment of a globally scouted saviour, but with the far simpler solution of there being no foundation left to run. After 21 months of talk about finding a new boss, the organisation eventually landed on the most efficient option: collapse, making the position redundant.  Grace's namesake charity announced its CEO search back in July 2024. This week, it announced it was closing instead. When Grace announced she was stepping out of the CEO suite, the foundation advertised for her replacement and released plans for a 2025–2030 strategy complete with an expanded team, aiming to broaden its work and deepen its impact. The message was that this was an organisation stepping up into the big leagues, and don't worry, Tame was staying on the board. The reality, it seems, is that the foundation was drifting towards closure while pretending to be on the verge of lift-off. Like with most collapses, the finances tell the real story. And they were damning. The foundation's filed accounts show a loss of $57,521 in 2023, a larger loss of $121,690 in 2024, and another loss of $60,640 in 2025. Grace Tame is pictured speaking during a rally for Gaza at Hyde Park, Sydney, last August Tame's then-fiancé Max Heerey was once part of the foundation's leadership orbit. The former couple split sometime in 2024, although curiously neither announced it In 2025, it brought in $148,629 and spent $209,269. Those aren't the numbers of a serious operation building momentum. They reveal an organisation going backwards year after year while still trying to sell the public a story of growth and renewal. The 2025 accounts include $26,760 in recruitment costs. So while the money was going out the door and the losses kept mounting, they were spending to recruit the leader of a grand next chapter they plainly couldn't afford. Embarrassing. In a way, the global CEO search did finally produce a result: it found that there was no viable organisation left worth running. The governance hardly screamed professionalism either. At one point it had the look of a Sunday lunch with family and friends, with Tame, her then-fiancé Max Heerey and her stepfather Ron Plaschke all part of the foundation's leadership orbit. For an outfit so fond of the language of strategy and professionalism, it all looked remarkably close to home. Then came the more obvious problem its founder simply can't deflect (as much as she would probably like to): Tame's increasingly tarnished brand. She claims a 'smear campaign' cost her speaking gigs, but a quick glance in the mirror was more likely to identify the real culprit. Tame publicly whinged that she started losing paid speaking gigs after a Sydney protest at which she led a chant to 'globalise the intifada', shortly before the protest turned violent. The 2025 accounts show $26,760 was spent trying to replace Tame as CEO of the foundation. Meanwhile, she was tarnishing her brand with stunts like her 'globalise the intifada' chant It might come as a surprise to anyone too self-righteous to think laterally that if you repeatedly create controversies outside your area of expertise, fewer people decide they want you anywhere near their events, institutions or logos. Funny that! In what can only be described as cognitive dissonance, Tame and her supporters can't seem to grasp the simple reality that she is at least the co-author of her own demise. No, no, no, they say. Grace's fall from grace is everyone else's fault. All part of a grand conspiracy that was so effective, it even managed to get Grace herself to keep saying and doing stupid things!  In addition to chanting for a globalised intifada, Tame rocked up to Albo's Australian of the Year event in a 'F**k Murdoch' T-shirt, crassly joking afterwards that it was 'not literally' meant. More recently, on radio she dismissed reports of sexual violence against Israeli women on October 7 as 'propaganda' and 'debunked'. The former Australian of the Year's public standing was initially built on a serious cause and a deserved platform. But a deserved platform isn't an unlimited line of credit. Public goodwill runs out. Commercial patience runs out, too, and institutional tolerance has its limits. Even Nike ended its tie-up with Tame after controversy around her social media activities. It was yet another indication that this isn't simply a story about political enemies and media villains. The October 7 rape denial was a breaking point for many. By the time the foundation announced that 'sustaining long-term funding' had become 'increasingly challenging', the euphemism was doing some heavy lifting.  Funding doesn't evaporate by magic. Donors and sponsors make judgment calls. They decide whether an organisation looks stable, credible and disciplined, or whether it looks like a shrinking personal vehicle wrapped around a founder whose public stock keeps falling. In this case, the verdict seems to have been brutally clear. Plenty of charities struggle for funding. Few manage to combine shrinking finances, family and friends in governance, performative strategy talk, and founder self-sabotage quite so comprehensively as the Grace Tame Foundation. 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