THE WAKEFIELD HIGH SCHOOL EDUCATION FOUNDATION, INC.

1. WHAT IS IT? A public charity established as a non-profit Corporation in Virginia in September of 1986.

2. ARE CONTRIBUTIONS TAX DEDUCTIBLE? Yes. The Foundation's status as a public charity has been formally recognized by the Internal Revenue Service.

3. WHO SET IT UP? Several Alumni of Wakefield High School.

4. WHERE DOES IT GET ITS FUNDS? Funds are raised annually by soliciting Alumni of Wakefield High School as well as present and former teachers and staff and hopefully from residents of the Wakefield attendance area.

5. CAN CONTRIBUTIONS BE MADE THROUGH UNITED WAY AND COMBINED FEDERAL CAMPAIGN? Yes. The Wakefield Foundation can be designated in the United Way Campaigns and the Combined Federal Campaign (CFC), as well as through America's Charities, Inc. the Foundation's Its designation number is 8707 and for CFC is 66600.

6. WHAT DOES THE FOUNDATION DO WITH THE FUNDS? It provides college scholarships to deserving Wakefield graduates based upon academic achievement, effort and financial need.

7. HOW MUCH ARE THE SCHOLARSHIPS? The scholarships are $6,000.00 - paid out at the rate of $750.00 per semester. Prior to 2004 the scholarships were $4,000.00.

8. HOW MANY SCHOLARSHIPS WERE AWARDED TO THE CLASS OF 2007? Nineteen (19) for a total of $97,500.00.

9. HOW IS THE NUMBER OF SCHOLARSHIPS DETERMINED? In general, the number of scholarships is determined by the amount raised prior to the May selection meeting. If $96,000.00 is raised, then sixteen (16) scholarships can be awarded that year. Sometimes, as this past year, special recognition scholarships of $500.00 are awarded to students.

10. HOW MANY SCHOLARSHIPS HAVE BEEN AWARDED TO DATE? One hundred sixty-four (164). The Foundation has paid out or committed to pay out in scholarships the sum of $735,000.00 to date.

11. HOW ARE THE RECIPIENTS SELECTED? The Foundation has an application form which includes information about the students' grades, activities and financial need. A Committee consisting of about 7 alumni from different classes and a faculty representative reviews the applications and selects the scholars.

12. WHAT ARE THE EXPENSES OF THE FOUNDATION? The expenses are limited to printing the solicitation newsletter and postage (at the bulk non-profit rate).

13. HOW MUCH MONEY HAS BEEN COLLECTED FOR THE FOUNDATION? Through June 30, 2007, the Foundation has raised approximately $819,960.93 in contributions, received over $88,038.25 in earnings for a total of $907,999.18 and paid about $67,093.65 in expenses (primarily printing and postage) so that (because the earnings exceed the expenses), approximately 102.55% of what is raised from contributions is available for scholarships.

14. WHO MANAGES THE FOUNDATION? There are currently ten Trustees: eight Alumni, a former principal and the current Principal of Wakefield who is automatically an ex officio member of the Board.

15. WHO HOLDS THE ASSETS OF THE FOUNDATION? From the beginning the contributions have been received by and the assets of the Foundation have been held by the Trust Department of Wachovia Bank and its predecessors, under an agency agreement with the Foundation. All disbursements for scholarships or expenses are paid by the Bank at the written direction of the Foundation. The Bank has provided this service to the Foundation since October 1, 1986 for a minimum charge. Copies of the Foundation's annual Form 990 and Audit are available upon request and the payment of $2.00 in copying and postage.

16. WHY SUPPORT THE WAKEFIELD FOUNDATION? The concept is that there have been 51 graduating classes from Wakefield and more than 22,000 alumni. It is felt that if some percentage of the alumni, as well as teachers and parents of students and graduates, and residents of the Wakefield attendance area, would be willing to contribute to the Foundation annually, together we can make a difference for some of the young people who are growing up in south Arlington and attending Wakefield High School. Be a part of it. Join together with your classmates.

17. WHERE CAN I GET ADDITIONAL INFORMATION? Write to Wakefield Foundation, 11350 Random Hills Road, Suite 500, Fairfax, VA 22030-7429.