In March 2003, the NBTA Foundation (formerly the Institute of Business Travel Management-IBTM) Board of Trustees launched a new capital campaign to renew at least $4 million in capital support for the Foundation to maintain its mission through 2008. This new effort—Business Travel Today & Tomorrow has raised more than $5 million to date for NBTA Foundation to continue its education and research efforts on behalf of the business travel industry. The Foundation is very grateful to the Business Travel Today & Tomorrow donors for their commitment to the NBTA Foundation and our industry.
The Foundation's founding Board of Trustees mandated that 75% of all capital gifts made in support of its mission be spent directly on programs and initiatives that benefit the members of the National Business Travel Association (NBTA) and the business travel industry as a whole. Over the past four years, the Foundation's board and staff have surpassed this mark by spending nearly 89% of every capital dollar committed by its supporters to efforts that have a direct and measurable effect on the entire business travel industry as well as the corporate travel executive.