Our NBHA district awards a two horse trailer for use 1 year. The top five in each division are put in a pot and a name is drawn out for the trailer. This year it just so happened that the winner of the trailer was the reserve champion in the 1D. They put decals all over the trailer, with the person's name....etc. It's kinda cool. But at the end of that year, you have an option to buy that trailer at a greatly reduced price if you want it. If not, it just goes back to the trailer company and they clean it up, and put it on their used lot.
First place winners in all divisions got a certificate/check. they could go buy a saddle, or cash that check and use it any way they wanted to.
It's hard to get saddle sponsors that will donate the whole amount. That's why we have fund raisers at each show that the money goes towards the awards. Feb 7 we had a "sweet shop" fundraiser, folks brought cookies, candies, whatever that were homemade. And we raised $550 at that one show. I made fudge and divinity. Sold like hotcakes.