AFA Foundation reaches $2m milestone

SYDNEY: 19 February 2020 – The Association of Financial Advisers (AFA) Foundation today announced it has reached a significant milestone, donating $2 million to date, to a range of charities across Australia.

AFA Foundation Chair, Olivia Sarah-Le Lacheur, said, “We are extremely proud to have raised over $2 million so far and we look forward to continuing to give back to those who need our help, while fostering community spirit and respect for the financial advice profession.”

Established in 2007, the AFA Foundation is an ongoing supporter of organisations such as MS Research Australia, Lifeline, Little Heroes and Make A Wish Foundation, all of which provide ongoing, lifechanging support.

“We are also responsive to immediate needs,” Ms Sarah-Le Lacheur said, “such as supporting Rural Aid to buy bales of hay and cows to help our farmers hit by drought and floods, and donating to Lifeline’s Community Recovery Program to support those affected by Australia’s devastating bushfires.”

The AFA Foundation recently provided Lifeline with a $10,000 donation towards the Program, which provides immediate psychosocial and ongoing counselling support to individuals and communities, as well as leading longer-term recovery through rebuilding or restablishing key community networks and support structures.

The AFA Foundation also supports local charities via its Grants Program. Launched in 2019, the Grants Program offers AFA members the opportunity to nominate local charity partners that would benefit from a small donation, but might face challenges in finding funding via other avenues such as government assistance or larger charities. The 2020 Grants Program, which will offer grants between $2,000 and $5,000, is open until 30 April 2020.

AFA CEO Philip Kewin said the AFA Foundation is a core pillar of the AFA and demonstrates member commitment to supporting the wider community and the greater good of society.

“The AFA Foundation works hard to make a meaningful difference to individuals and families in need. This creates opportunities which foster community spirit and connection within the financial advice profession,” he said.

Chaired by Olivia Sarah-Le Lacheur and represented via State Chairs in Victoria, South Australia, Western Australia, NSW, Queensland and Tasmania, the AFA Foundation raises financial contributions from members through national events such as the AFA Roadshow and the annual AFA Conference, as well as through some local communities of practice education seminars and networking events. The largest AFA Foundation fund-raising event to date was the 2018 Kokoda Trail which raised over $117,000.

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About the AFA

The Association of Financial Advisers Limited (AFA) has been the authentic voice on the value of financial advice for over 70 years. Today, the AFA is a vibrant, innovative association, where the underlying driver of policy is the belief that great advice transforms lives. To this end the AFA is striving to achieve the vision of Great Advice for More Australians. The AFA’s ongoing relevance as a professional association is derived from its success in engaging with the major stakeholders in financial advice including advisers, consumers, licensees, product and service providers, and the regulator and government. Culturally the AFA believes in the value of collaboration to create powerful outcomes and this drives how we achieve influence and work towards our vision.

190220 AFA Foundation Milestone