NAAA Warren Young, Sr. Scholastic Foundation, Inc.

HOME Article	NAAA Scholastic Foundation Surpasses $500,000 Goal September 2008 WASHINGTON, D.C. – The Warren Young, Sr. Scholastic Foundation announced donations in excess of their $500,000 goal for the year during the National Auto Auction Association’s 60th Annual Convention, Equipment & Service Exposition in Washington, D.C. last week. Concluding a series of fund raising events for the Foundation was an auction held during the Grand Banquet at the convention, which featured a 1948 Chevrolet Stylemaster Town Sedan. NAAA’s new president Bob McConkey took the podium as the auctioneer, chanting bids in front of an enthusiastic crowd, and bringing the gavel down a winning bid of $23,000. The NAAA Warren Young Scholastic Foundation program assists all full-time NAAA auction member employees, their children and grandchildren who plan to continue education in college or vocational school programs. Twelve Scholarships are offered each year for full-time study at an accredited institution of the student’s choice. “NAAA President John Rea challenged us to raise enough money to make the Warren Young Sr. Scholarship Foundation a self-sustaining resource,” reports Don Elliott, Chairman of the WYSF Fundraising Committee. “Through the generosity of NAAA member auctions, employees, customers and vendors, we were able to exceed the objective and provide merit scholarships for auction employees and their families for many years to come.” This year’s NAAA Annual Convention included a silent auction and several live auctions held at various activities during the week long event. The popular silent auction that closed just prior to the Grand Banquet included more than 80 items donated by individual members, vendors and associate members of the NAAA. Among the items offered at the silent auction were artwork, travel opportunities, sports equipment and memorabilia, gift certificates and real estate. Offered for sale at the live auctions during the convention were an original painting by industry veteran Tony Moorby, Kentucky Derby tickets and travel package donated by Southern Auto Auction, Daytona 500 NASCAR race tickets and travel package donated by Rea Brothers’ Mid-South Auto Auction, an Elk Hunting travel package donated by the Brasher auctions, and the ’48 Chevrolet Sylemaster donated by Manheim. In addition to the funds raised during the Convention, the Foundation raised $300,000 from 12 NAAA supporters who made major donations to sponsor each of the 12 scholarship awards. A number of industry members have also supported the Foundation through the Warren Young Fellowship program. The Foundation’s success lies in the commitment of the NAAA members to the industry and each other, says Patty Stanley who, with her husband Henry Stanley, is a staunch supporter of the Foundation, having recently made large donations on behalf of the three auctions they own to acquire naming rights for three of the twelve scholarships. “One of the reasons I think we have been such a successful industry is that there is a lot of networking and a true feeling of family,” said Stanley. “We have second- and third-generations coming through our industry now, and both Henry and I feel that through donating time and money toward the Scholarship Foundation is a way to give back to the industry.”

Article

NAAA Scholastic Foundation Surpasses $500,000 Goal
September 2008

WASHINGTON, D.C. – The Warren Young, Sr. Scholastic Foundation announced donations in excess of their $500,000 goal for the year during the National Auto Auction Association’s 60th Annual Convention, Equipment & Service Exposition in Washington, D.C. last week. Concluding a series of fund raising events for the Foundation was an auction held during the Grand Banquet at the convention, which featured a 1948 Chevrolet Stylemaster Town Sedan. NAAA’s new president Bob McConkey took the podium as the auctioneer, chanting bids in front of an enthusiastic crowd, and bringing the gavel down a winning bid of $23,000.

The NAAA Warren Young Scholastic Foundation program assists all full-time NAAA auction member employees, their children and grandchildren who plan to continue education in college or vocational school programs. Twelve Scholarships are offered each year for full-time study at an accredited institution of the student’s choice.
“NAAA President John Rea challenged us to raise enough money to make the Warren Young Sr. Scholarship Foundation a self-sustaining resource,” reports Don Elliott, Chairman of the WYSF Fundraising Committee. “Through the generosity of NAAA member auctions, employees, customers and vendors, we were able to exceed the objective and provide merit scholarships for auction employees and their families for many years to come.”

This year’s NAAA Annual Convention included a silent auction and several live auctions held at various activities during the week long event. The popular silent auction that closed just prior to the Grand Banquet included more than 80 items donated by individual members, vendors and associate members of the NAAA. Among the items offered at the silent auction were artwork, travel opportunities, sports equipment and memorabilia, gift certificates and real estate. Offered for sale at the live auctions during the convention were an original painting by industry veteran Tony Moorby, Kentucky Derby tickets and travel package donated by Southern Auto Auction, Daytona 500 NASCAR race tickets and travel package donated by Rea Brothers’ Mid-South Auto Auction, an Elk Hunting travel package donated by the Brasher auctions, and the ’48 Chevrolet Sylemaster donated by Manheim.

In addition to the funds raised during the Convention, the Foundation raised $300,000 from 12 NAAA supporters who made major donations to sponsor each of the 12 scholarship awards. A number of industry members have also supported the Foundation through the Warren Young Fellowship program.

The Foundation’s success lies in the commitment of the NAAA members to the industry and each other, says Patty Stanley who, with her husband Henry Stanley, is a staunch supporter of the Foundation, having recently made large donations on behalf of the three auctions they own to acquire naming rights for three of the twelve scholarships. “One of the reasons I think we have been such a successful industry is that there is a lot of networking and a true feeling of family,” said Stanley. “We have second- and third-generations coming through our industry now, and both Henry and I feel that through donating time and money toward the Scholarship Foundation is a way to give back to the industry.”