I started to fill in the design with some good ol' spackle.
I then painted around it in a cream chalk paint.
I picked out some scrapbook paper that would look nice with the cream paint.
In order to get the shape cut out, I first set the paper over the oval then traced around the center oval with my finger. If you look close at the paper, you will see a dent. That is where I cut.
Next comes the fun part, smear mod podge all over the plaque, set the paper down then smear some more on the top of the paper. I didn't take good pictures of the next step. First I let it dry.
Then I printed out the word Family from my printer in a font I liked and cut it out on some black card stock. It received one final layer of decoupage to finish it off. I think this will look nice surrounded by some family photos.