The Foundation for Alcohol Research and Education (FARE), formerly the Alcohol Education & Rehabilitation Foundation (AERF), is an independent, not-for-profit, national health organisation based in Canberra, Australia.
Established in 2001 by the Australian Parliament with a $115 million grant, the Foundation was set up to distribute funding for programs and research that aimed to prevent the harms caused by alcohol and licit substance misuse.
The initial funding for the organisation came from the additional excise charged on draught beer, which was later refused passage through the Senate. Within the one year that the Commonwealth Government collected the excise, $120 million had been accumulated.
After fifteen years of supporting communities, contributing to building evidence, and encouraging action to prevent alcohol-related harms, the Foundation recognises that we have come a long way in highlighting the immense impact that alcohol misuse has on too many Australians every year.
Our national funding rounds have provided support to over 750 organisations around the country in the areas of:
- public education and prevention campaigns
- community partnerships
- training and mentoring
- organisational capacity enhancement
- capital improvements and refurbishments
- treatment and rehabilitation programs and services.
The Foundation is a company limited by guarantee under the Corporations Act 2001. We established our Health Promotion Charity status in July 2005.
The Foundation has been endorsed by the Australian Taxation Office as a Deductible Gift Recipient (DGR).
Our objectives are set out in our Constitution.
The Foundation supports the Australian Securities Exchange Principles of Good Corporate Governance and Best Practice Recommendations and applies them insofar as it is realistic to do so in the context of a large, not-for-profit organisation and with due regard to the scope of its operation and level of donor and public interest.
Stewardship rests with our Board of Directors and is supported by our Chief Executive and Chief Financial Officer.
The role of the Board is established by the Board Corporate Governance Charter. Our Board provides strategic direction; oversight of management; clarity over responsibility and accountability, while establishing integrity by ensuring a balance of authority where no single individual has unfettered power. The Foundation operates a delegation of authorities system that describes accountabilities to appropriate levels within the organisation and at the Board level.
The Board has several sub-committees that assist them to carry out their duties. There is a Board Finance Audit and Risk Committee Charter that sets out the authority, roles, and responsibilities of the committee. This committee, comprising four members, provides oversight of external audit, internal audit, the ongoing financial position and performance of the Foundation compared to approved budget, the working capital, the annual financial statements, risk management, and compliance with laws, contracts, policies and procedures, and the oversight of short and long term monetary investments.
An Internal Audit Charter sets out the authority, role, and responsibility of the Foundation’s internal audit activity. Internal audit independence is guaranteed through an additional reporting line to the Chair of the Audit and Risk Committee, should it be required.
The Foundation has quality assurance functions and compliance mechanisms with a program of continuous improvement. A Strategic Risk Register has been established and is regularly updated. Our Risk Management Policy and Risk Management Framework integrate risk management principles and practices into standard management processes.
The Governance and Remuneration Committee Charter establishes principles and processes for Board renewal. The Governance and Remuneration Committee provides oversight of the CEO’s engagement, performance and salary.
A Code of Conduct applies to the Board, management, and staff of the Foundation specifying practices necessary to maintain confidence in its integrity.