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Scholastic Foundation




             Warren Young, Sr., Scholastic        Warren Young Fellow
             Foundation                           One ongoing source of financial support for

             NAAA established a scholarship fund in   the foundation is the Warren Young Fellow-
             2004 to help deserving students pursue   ship. A Fellow is an individual who donates
             their dreams of a higher education by   $2,500, or in whose honor or memory a
             awarding $52,000 in merit scholarships   contribution is made in that amount, to
             annually to 12 eligible full-time employees   support the nonprofit scholarship organiza-
             of NAAA member auctions or corporate   tion. At its discretion, NAAA may award this
             offices, their children or grandchildren.   lifetime honor in recognition of dedication,
             Recipients are selected on a variety of   service and contributions to the association
             qualifications, including academic record,   and the industry. Warren Young Fellows
             leadership skills, honors, goals and aspi-  receive a framed commemorative certificate,
             rations, work experience, and community   a gold medallion and have their names
             involvement. Named in honor of Warren   engraved on a plaque with the other
             Young, Sr., a pioneer of the auto auction   esteemed Fellows that is displayed at NAAA
             industry who retired after 35 years of service   headquarters near Washington, D.C.
             to his profession and the association, the
             Scholastic Foundation has raised more than
             $2.3 million to become a self-sustaining
             nonprofit organization.

             www.naaa.com                                                       15
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