| Foundation ends 2006 with record |
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| By Robert Dilday | |
| Thursday, January 25, 2007 | |
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Assets under management of the Virginia Baptist Foundation reached a record high of $86.3 million on Dec. 31, 2006, reported Todd Fuller, the foundation's vice president and chief financial officer.
The mark eclipses the previous record close of $79.9 million established on December 31, 2005. “The work of the foundation has been truly blessed,” said Gene Watson, chairman of the foundation's board of trustees. “Virginia Baptists are fortunate to be served by such a professional staff and the results illustrate the successful partnership we have created with Virginia Baptists. The foundation views its role as one of service to all Virginia Baptists. We are grateful for the confidence our clients have placed in our ministry and look forward to another prosperous year in 2007.” Ronald C. Hall, president and chief executive officer of the foundation said, “This milestone is reflective of God's grace, the governance of our board of trustees, the foresight of an increasing number of Virginia Baptists who have trained a lens on the importance of Christian stewardship through planned giving, as well as a favorable stock market. I am thankful for the opportunities of service that these dollars will bring to our ministry partners.” Special to the Herald                 Comments (0)
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