Q1. Why do we (champion exhibitors) have to solicit local support?
Local support is a great opportunity for businesses and individuals in the exhibitor’s home area to participate in the Sale of Champions at the Iowa State Fair. The contribution goes to support hard working youth and scholarships here in Iowa. IFAA is a 501(c)(3) charitable organization so donations are eligible for tax benefits.
Q2. IFAA will match what I bring in for local support, right?
IFAA dedicates its resources to scholarships and awards earned by nearly 200 youth each year. To continue this level of funding, resources from IFAA need to stay in these categories. The sale committee of IFAA will work hard to generate as many dollars from major corporate sponsors towards the sale of the animals as possible but cannot guarantee to match the local support dollars.
Q3. What is the sale commission and why is it collected?
The IFAA retains 25% of the animal’s sale price to help fund scholarships and other programs. It also helps offset the costs to run the sale for Iowa State Fair Champion Exhibitors. While the IFAA Board and others are volunteers, there are some basic costs for the sale and Champions Alley during the State Fair. Other fundraisers throughout the year also provide funds for administrative work so more dollars available for scholarships.
Q4. My child was active in 4-H and FFA but didn’t get a scholarship because he/she went to school out of state or isn’t majoring in ag. Why didn’t he/she get a scholarship?
Iowa Foundation for Agricultural Advancement (IFAA) was founded to advance agriculture in Iowa and provide scholarship funds to deserving youth looking towards a future in ag. The competition for these funds has intensified tremendously as the program has grown in recent years. In 2019, we had 347 applicants for 85 scholarships. The Foundation was formed by a group of individuals in agriculture with the single purpose of assisting more young people to become ag professionals.
Q5. Why isn’t the sale a live auction?
The Sale of Champions is a live auction, and anyone is welcome to bid. Scenes from each year’s sale are shown on IPTV’s State Fair Highlights Show to viewers.