Cornerstone College & Seminary
The financial statements of Cornerstone College of Virginia undergo an annual audit by a Certified Public Accountant. Annual audit information is available to the public upon request. Contact us at info@CornerstoneCollegeVA.org to make a request.
Cornerstone College & Seminary started its history as Fredericksburg Bible Institute (FBIS). Our mission was simple then, and it still is. Provide a pathway to Theological and Professional education that equips students for kingdom work.
Cornerstone College & Seminary started its history as Fredericksburg Bible Institute, which was chartered by the Virginia State Corporation Commission on September 2, 1969. Dr. G. Albert Brown, Jr. was the Founder and President of Fredericksburg Bible Institute and Seminary.
Dr. Foss served as president from January 2008 until June 2016. Gary is fondly remembered with his wife, Andy, as the founder of Fredericksburg Christian School. He served as their Head of School, equipping students for more than forty years.
The FBIS Board of Directors voted Dr. Richard (Dick) Barnett into presidency in 2016. Dr. Barnett oversaw the partnership with Lancaster Bible College in 2017 and led the transition from FBIS to Cornerstone College of Virginia in 2018. In 2020 he developed the Gary Foss Memorial Scholarship.
As an accomplished educator, leader, and speaker, Dr. Wallace brings a wealth of experience and wisdom to our institution. Dr. Wallace began her tenure with CCV as an administrative assistant, then Administrative Dean, then Provost, and most recently elected by the Board to serve as our next President. In 2024, she led the transition from CCV to Cornerstone College & Seminary.
Dr. G. Albert Brown, Jr. was the founder of Fredericksburg Bible Institute and Seminary and became the institutions first President. He was a man of God who had the blessings of the Almighty upon his ministry. Scores of pastors who have received part, or all, of their Bible college and Seminary training were blessed by Dr. Brown. He was a man of impactful prayer and Biblical devotion. Dr. Brown believed in the power of prayer because the Bible teaches us to pray, and he believed in the truth of the Bible. He was a man of vision who took his lead from Proverbs 29:18, “Where there is no vision, the people perish.” His ministry was successful because people knew that Dr. Brown loved and cared for them, but more importantly, that he loved the Lord. Dr. Brown continued to establish the institute through milestones of achievement. Dr. Brown went to heaven to be with the Lord on January 31, 2008, and his presidential leadership was passed to Dr. Gary Foss.
The institute was granted tax exemption by the Federal Government in 1970 and tax deduction of contributions by the Internal Revenue Service. The State Government then gave the institute tax exemption on textbook sales in 1975. According to the Code of Virginia, Section 23-266 A-2, this institution was permitted by the Council of Higher Education on February 3, 1982, to confer degrees. The Veterans Administration then approved the institute to provide educational benefits beginning on August 23, 1983. The International Accreditation Commission accredited the institute on September 15, 1983. Following Dr. Brown’s lead, CCS is still reaching new milestones, and constantly improving for the sake of its students. Dr. Brown went to heaven to be with the Lord on January 31, 2008, and his presidential leadership was passed to Dr. Gary Foss.
At Cornerstone, I am able to take courses at cheaper tuition rates than other colleges. Plus, the professors are very friendly and every class feels personal.
Daniel Gowaty CCS Student