- The Foundation completed a strategic planning process which led to a new vision, mission statement and in 2008 will inaugurate a new name.
- John Jamison challenged the Foundation to bring its unrestricted endowment to $1 million by the Tenth Anniversary in 2009.
- 49 new unrestricted funds were established as part of the Chairman's Challenge.
- Two donor-advised funds were established as well as the Genevieve McGiffert Memorial Fund for the Musical Performing Arts.
- The Business Partners Make a Difference Fund awarded two grants of $5,000 to Vibrant Life Ministries and Grove Christian Outreach Center.
- Over $155,503 in grants were awarded primarily to local nonprofit organizations.
- This Century Art Gallery announced it will be using the Foundation as a fiduciary to hold funds for its campaign to build the Williamsburg Community Art Center
*Audited financials and 990s are available by calling the Foundation office at 757-259-1660
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