The Australian Fulbright Alumni Association (AFAA) was formed in 1989. It grew out of plans by the Fulbright Commission to hold celebrations for Australia's 40th Fulbright Anniversary that year. The Inaugural President of the Association was Professor Bill Walker, a two-time Fulbright winner. It was his energy and enthusiasm that was the driving force behind the establishment of the Association. To acknowledge Bill Walker's significant contributions to the Association and the Fulbright program, it was decided in 1992 to fund the WG Walker Memorial Fulbright Scholarship in partnership with the Fulbright Commission.
The Association's activities today remain strongly aligned with the original vision for the Association set out in 1989. AFAA aims to connect Fulbright alumni and current scholars through social and cultural events, provide support for Scholars to and from Australia, and to undertake fundraising to provide ongoing support for the WG Walker Memorial Fulbright Scholarship.