Keeneland announces charitable contributions
Keeneland announced its 2008 contributions at its annual holiday luncheon
Tuesday, reporting for the first time funding for community and charitable
organizations as well as the association's reinvestment in equine-related
initiatives.
Keeneland's funding program is supported by profits generated through its
Thoroughbred racing, sales, and simulcast operations.
In 2008, Keeneland contributed $887,739 to community programs which focus on
education; health and human services; and arts, preservation, and animal
welfare. To date, Keeneland has given more than $17 million to support a variety
of civic initiatives in the Central Kentucky area. This year's total includes a
$200,000 "pass through" donation from Maker's Mark Distillery to the Keeneland
Foundation for the University of Kentucky Markey Cancer Center. Those proceeds
and related matching fund efforts from the 2006-2008 Keeneland-Maker's Mark Mile
limited edition bottles will net $3 million for cancer research.
Keeneland also provided more than $1.2 million to help fund global equine
research, safety and welfare, and betterment initiatives in 2008. In addition to
this total, Keeneland reinvested more than $18 million in purse money during its
2008 spring and fall race meetings -- $7.4 million in excess of requirements --
to achieve its mission of showcasing the finest traditions of racing by
attracting the world's best horses, jockeys, and trainers.
"We are fortunate at Keeneland to be able to provide financial support to a
variety of programs which enrich the community and the horse industry," said
Fran Taylor, executive director of the Keeneland Foundation. "We owe our thanks
to our horsemen and fans who, by supporting our racing, sales, and simulcast
operations, help make these contributions possible.
"Reporting community and industry contributions is more reflective of
Keeneland's overall contribution and funding efforts, and a change from our past
when we more narrowly defined our giving as community-based," Taylor added.
A comprehensive listing of the association's contributions can be found at
keeneland.com.
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