I personalty would not give MOST the money to FIRST events . . from the states perspective there are more cost effective ways of spending money.
first I would put a
BEST hub in each large city and each major area. lets say 10 hubs in total. at a cost of 20K(thats an over estimate) per hub, and each hub servicing 30 High school teams, that would come out to 200K for all 300 schools.
that would make sure that every high school student in the state had a chace to participate in a some robotics education. it would also help to foster these areas for more FIRST teams ( BEST teams have a habit of wanting more and working to raise money to become a FIRST team)
the left over 50K I would put towards the registration for 8 rookie FIRST teams
but this is just the way I would do it.