The Brazos Valley Fair & Exposition, DBA Brazos Valley Fair & Rodeo, was organized for educational, scientific and charitable purposes to encourage, promote and maintain agricultural science, research, and educational functions. It is the general policy of the Fair & Rodeo that the excess of its revenue over expenses will be used for the furtherance of its exempt purpose, including the granting of scholarships and the funding of related capital additions and improvements. The funds of the Brazos Valley Fair & Rodeo are used to provide scholarships to deserving youth in the Brazos Valley and throughout Texas and to meet the necessary expenses for its upkeep, operation and capital improvements of the Brazos County Expo, in furtherance of the exempt purpose of the organization.