Adara Group Explained

Formation:1998
Type:NGO, Business for Purpose
Purpose:Corporate Advisory/International Development
Headquarters:Sydney
Leader Title:Director
Leader Name:Audette Exel
Adara Group
Location:Australia
Uganda
Nepal

The Adara Group (formerly the ISIS Group) is a partnership between an international development organisation Adara Development (formerly the ISIS Foundation) and two corporate advisory businesses Adara Advisors Pty. Limited (formerly ISIS Asia Pacific) and Adara Partners (Australia) Pty Limited. The Adara Group is focused on improving health and education for people living in poverty. The organisation was founded in Bermuda in 1998 by New Zealand-born business woman Audette Exel.

Name

The organisation was originally called the ISIS Group, after Isis, the Egyptian goddess of children and motherhood.[1] In 2014, due to external factors, the ISIS Group changed its name to the Adara Group.[2]

History

The Adara Group was co-founded in 1998 in Bermuda by Audette Exel and a small group of friends. Soon after formation, Adara Development began to conduct development research in Humla, Nepal, and also fostered connections with Kiwoko Hospital in the Luwero Triangle, Uganda.[3]

In 2002, it registered as a charitable trust in the United Kingdom.

In 2009, Adara Development (USA) (formerly ISIS Foundation (USA)) was set up and in 2011 it received 501(c) status.[4]

The Adara model

The Adara model is a business/not-for-profit partnership. Profits made by the private businesses Adara Advisors and Adara Partners are directed towards covering the core support costs of Adara Development.[5]

Adara Partners

In June 2015, the Adara Group launched a new business - Adara Partners. The company was launched with the support of the Founding Panel Members for Adara Partners including Australian businessman David Gonski.[6] These Panel Members work for Adara Partners pro bono.[7]

Adara's work

Adara Developmentā€™s work focuses on the alleviation of poverty through health and education services. They mainly work with rural communities in Nepal and Uganda.[8] Since their founding, Adara has worked in disaster relief post the 2015 Nepal earthquake, worked with children who have been trafficked in Nepal and established neonatal units for premature babies in Uganda.

Adara Development began partnering with Nepalese local NGOs, like The Himalayan Innovative Society. It has also partnered with the Himalayan Children Society.

See also

External links

Notes and References

  1. News: Banker Saves 20,000 From Nepal to Uganda With Her Profits . Bloomberg . William . Mellor . 30 July 2013.
  2. Web site: Smerdon. Xavier. Terror Link Forces Name Change for NFP. probonoaustralia.com.au. 12 December 2014.
  3. Web site: The Adara Group Story - Our History Adara Group. en-US. 2019-06-05.
  4. Web site: Final Report . 2014-12-12 . dead . https://web.archive.org/web/20141216060829/http://www.adaragroup.org/report-centre-reports/ISIS%20FINAL%20PDF_20072008.pdf . 16 December 2014 . dmy .
  5. Web site: Take the money and fund a good cause. 2013-01-11. Australian Financial Review. en. 2019-06-05.
  6. News: Bankers Bury Hatchet Down Under to Work for Free, Help Poorest . Bloomberg . Sarah . McDonald . 2 June 2015.
  7. Web site: Matthew Grounds, David Gonski and fellow bankers join up to work for free. McDonald. Sarah. 2015-06-03. The Sydney Morning Herald. en. 2020-01-30.
  8. News: The Philanthropist Pushing Bankers to Do Good. Colby. Laura. 24 April 2018. Bloomberg. 30 Jan 2020.