Out-of-the-way Grafton is as much a historical museum as a town. During its heyday, citizens grazed some 10,000 sheep and spun their wool into sturdy yarn for locally woven fabric. When the market for wool declined, so did Grafton. Then in 1963 the Windham Foundation—Vermont's second-largest private foundation—commenced the town's rehabilitation. Not only was the Old Tavern preserved (now called The Grafton Inn), but so were many other commercial and residential structures in the village center.