- S30 -

What is the VBTTF. The Virginia Beach Travel and Tourism Foundation VBTTFis classified asa public charity by the federal government and is thereforeexempt from federal income tax under Section 501 c3 of the Internal Revenue Code. Financial contributions to the VBTTF are also tax deductible to the full extent provided by federallaw. The VBTTF is additionally qualified to receive tax deductible bequests devices transfers andor gifts.