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Grayson- Club Research Foundation ... funding research to build better equine health since 1940 201 8 Annual Report Results LAMINITIS Defined Cryotherapy as a tool in treating laminitis BREEDING Increased survival rate in foal pneumonia patients

RESPIRATORY Funded study showing the benefits of box EHV stall shipping Established best practices to control herpesvirus outbreaks

MUSCULOSKELETAL PET Scan diagnostics for COLIC subcondinal Developed post treatment bone damage therapies for surgical patients

Research is the key to build better, healthier horses, and there is no better way to demonstrate that point than with results. Each year funded research focuses on both the impact and the quality of the science for a wide range of equine health issues. Here are just a few specific ways Grayson-funded research has impacted equine athletes.

Table of Contents

Results inside front cover Directors & Officers 2 History 3 Year In Review 4 Research Advisory Committee 6 Funded Projects in 2018 8 The Cycle of A Grant 10 Focused Research 11 Donors 12 Event Support 15 Members 15 Membership Levels inside back cover Tax Status inside back cover

1 Directors & Officers

Board of Directors Anne Eberhardt

Dell Hancock A.Gary Lavin,VMD Chairman Vice Chairman

Rick Arthur, DVM Lucy Young Hamilton John M. B. O’Connor Perry Bass Joseph W. Harper John C. Oxley Larry R. Bramlage, DVM Stuart S. Janney III Hiram C. Polk, MD Kevin Lavin Daisy Phipps Pulito Adele B. Dilschneider Braxton Jones Lynch Geoffrey Russell Donald Dizney Leverett Miller Joseph V. Shields Jr. William S. Farish Jr. Virginia Guest Valentine

Officers & Staff

Edward L. Bowen Holly E. White President Director of Development

Jamie S. Haydon Shannon Kelly Vice President Development Manager

Resia L. Ayres Johnny Mac Smith, DVM Secretary, Operations Manager Veterinary Consultant

Laura Barillaro Nancy C. Kelly Treasurer Consultant

2 History

The forerunner of today’s Grayson-Jockey Mr. Mellon requested that double that amount be raised in response, Club Research Foundation reflected and this endowment drive was successfully concluded during the concerns of an era now passed, and yet 1995-96 fiscal year. The $1 million was double matched, as members the aims of the founders are as applicable of The Jockey Club and other contributors donated more than $2 million. today as they were at that time. In 1940, a number of leading sportsmen had been discussing for years a method In 1999, Mr. Mellon passed away leaving $2.5 million of supporting research into the health and welfare of the horse. Admiral to the Foundation's endowment. In 2000, the Foundation Cary Grayson was connected to some of the formative stages which led created the Rokeby Circle as the designation for those eventually to the establishment of the equine research foundation named who contribute $10,000 or more in a given year. for him. The American Thoroughbred Breeders Association launched Rokeby is the name of Mr. Mellon's beloved a campaign to raise $100,000. The Jockey Club, under direction of Virginia estate. Mr. William Woodward Sr., was among the initial respondents, pledging 20% of the total. The Grayson Foundation became a reality in 1940, Drs. Gary Lavin and Larry Bramlage reorganized the Foundation’s process with Jock Whitney serving as the initial president. of evaluating grants in 1999. Instead of having separate committees of academicians and practicing veterinarians, a single Research Advisory The first grant was made before the year was over, a $1,000 donation to Committee (“RAC”) was created. The RAC includes 32 individuals the University of Pennsylvania Veterinary School to continue its work representing various research specialties and veterinary practices from on periodic ophthalmia. In 1940, the horse and mule were still deeply across North America. Each year, the RAC convenes in January to involved in military defense, and the scope of the Grayson Foundation's evaluate all proposals submitted by the research community. The RAC efforts went far beyond the Thoroughbred, to all breeds, although the spends three days poring over the projects and rates them top to bottom, impetus came from leaders in . Early in its recommending the best to the board of directors. The board then meets history, the Grayson Foundation sought to disperse $100,000 annually to determine how many projects can be funded in that year. in grants to specific research projects. Its success in this goal resulted in support for a number of projects which represented steps forward, In 2004, The Oxley Challenge was initiated. Under the direction of among them being the development of vaccines against Equine Viral Foundation board member John C. Oxley, his family’s Oxley Foundation Arteritis and herpesvirus infections, determining causes of viral abortions pledged $1 million over four years contingent on the Foundation raising leading to development of the most effective vaccine yet developed, and a like amount from new income sources. The Foundation was successful influencing estrous cycles in mares to increase fertility. in that match, and so received $250,000 from the Oxley Foundation in each of four years. The Jockey Club created The Jockey Club Research Foundation in 1984, and five years later it was merged with Grayson, to be known since then In collaboration with The Jockey Club, the Foundation coordinated and as the Grayson-Jockey Club Research Foundation (GJCRF, the Foundation). underwrote the first Welfare and Safety of the Racehorse Summit Grayson had a half-century background in research matters, and (“Summit”) in 2006. That meeting, and a second gathering of industry The Jockey Club had more wherewithal financially. In recent years experts in 2008, generated a number of recommendations which the the combined foundation has been able to disperse more than industry has embraced to a large extent. The Jockey Club’s Thoroughbred $1 million annually in grants. Safety Committee endorsed recommendations of the Summit, and the National Thoroughbred Racing Association’s race track accreditation GRAYSON - JOCKEY CLUB During the 1990s, three gifts of remarkable program is based in part on those recommendations. Also, the Summit generosity were instrumental in enhancing helped organize the Equine Injury Database™ which is designed to the success of the Foundation in fulfilling its provide the industry much needed epidemiological analysis of trends, mission. In 1991, the Robert J. Kleberg and aimed at improving injury rates nationally. All the Summits have been Research Foundation, Inc. Helen C. Kleberg Foundation donated $2 million held at Keeneland in 2010, 2012, 2014, 2015, 2016 and 2018. to Grayson-Jockey Club Research Foundation. Mr. Kleberg had studied genetics and as head of King Ranch developed the Santa Gertrudis breed Since 1983, Grayson-Jockey Club Research Foundation individually of cattle. He also was instrumental in development of the American provided more than $26.4 million to fund a total of 358 projects at Quarter Horse, and the many excellent Thoroughbreds he bred included 43 universities in North America and overseas. 1946 Triple Crown winner Assault.

In 1993, the Foundation received another major gift when Paul Mellon donated the $1 million bonus that his winner Sea Hero won in the Chrysler Triple Crown Challenge. 3 Year in Review

Since 1940 Grayson-Jockey Club Research Foundation has been JUNE a leading, non-profit charitable organization that any horse The Charity Celebration featured the presentation lover can join. It is committed to the advancement of horses of of the Dinny Phipps Award, all breeds by funding the very best veterinary research at many recognizing support of equine universities. The following are some of the highlights in 2018 health. The 2018 winner for the foundation. was Frank Stronach.

JANUARY- FEBRUARY The Eighth Welfare and Safety Grayson was the proud sponsor of the 2018 United States Summit was held at Keeneland Pony Club Research Project Fair. in Lexington, KY. This Summit GJCRF committed to sponsoring touched on many racing issues the Fair again in 2019, and included a focus on sport horse careers for off-track continuing to encourage young Thoroughbreds. horse enthusiasts to learn more about horse health and research. JULY The Foundation participated in The Research Advisory Committee's annual meeting was held “Hats Off Day” at the Kentucky in Fort Worth, TX, for the evaluation of 66 grants applications Horse Park, hosted by Rood and submitted for funding consideration in the 2018 cycle. The Riddle Equine Hospital. The event GJCRF board of directors reviewed the RAC recommendations annually highlights several equine and selected the grants to be funded. breeds and disciplines and includes a Grand Prix event. MARCH GJCRF notified grant recipients and announced the new The GJCRF annual members meeting was held at the projects to be funded in 2018, Thoroughbred Club in Lexington. as well as funding for all projects entering the second AUGUST year of research. The Storm GJCRF held the 18th Annual Cat Career Development Award Charity Golf Tournament at and the Elaine and Bertram Saratoga Springs National Golf Klein Development Award Club, which was one of the best winners were also announced. attended golf events in the last few years. APRIL-MAY Spendthrift farm partnered with the The Foundation was a sponsor Foundation on “Help A Horse” day, of United States Equestrian Foundation Pony Finals, generously donating a lead gift of promoting awareness of our Junior Membership program. $25,000, along with a stallion show and a chance to meet the recently retired champion race mare .

GJCRF was a sponsor of the 2018 Land Rover Kentucky Three Day event as part of the outreach to all breeds and disciplines. 4 SEPTEMBER The American Quarter Horse For the fifth year Kentucky Downs Association Congress was held in sponsored the GJCRF Day at Columbus, OH., and the Foundation Kentucky Downs. The race sponsored the Youth Hunter Under sponsorships designated for the Saddle (11 & under) and Youth foundation brought in $6,000. Western Pleasure (11 & under).

The Elizabeth Locke Jewelry Show GJCRF veterinary consultant, was held at Keeneland Library during the September Sales with Dr. Johnny Mac Smith spoke at the AQHA Lecture Series on a percentage of all proceeds donated to GJCRF. “The top 5 things you need to know about EHV-1: Preventing an outbreak at a show or sale near you!” Grayson debuted the GJCRF branded jump at the Thoroughbred Incentive Program and New Vocations Champion Horse show. Chairman Dell Hancock discussed the importance of taking care of all horses at Equestricon, the second annual conference Work continued on a video in of its kind, that was held prior to the Breeders’ Cup. which board member Charlsie Cantey and Veterinary Consultant NOVEMBER-DECEMBER Dr. Johnny Mac Smith explain in The Foundation was a sponsor of the National Horse Show detail the process of grant evaluations. at the Kentucky Horse Park and competed in the Bluegrass The video relates to how the process Charity Benefit, and was awarded with $6,000 as the charity has gained GJCRF recognition as a with the second most attendees on Friday, Nov. 2nd for the leader in both the scientific and $50,000 National Horse Show Hunter Classic. equine worlds in the efficient use of research dollars. Equestrian Living magazine published a feature article on the OCTOBER Foundation - “Helping Horses of All Breeds.” During the first week of October, the Foundation received 53 grant applications for funding consideration in the 2019 Veterinary Consultant Dr. Johnny Mac Smith spoke about grant cycle. Besides applications from the USA, applications research at the Thoroughbred Owner Conference. were also received from Australia, Canada, the United Kingdom, Ireland, Israel, Italy and the Netherlands. The end of the year brought the retirement of Edward L. Bowen after nearly 25 years as president of Grayson. Jamie Haydon Grayson sponsored the succeeded him as president. Haydon's 15 years within “Thoroughbred Makeover” The Jockey Club at the Kentucky Horse Park, included managing celebrating the Thoroughbred Industry Initiatives breed performing in a variety and close of disciplines. coordination with GJCRF and Hagyard Equine Medical Hospital hosted the first Fall organization of the Handicapping Cocktail Party, kicking off the Keeneland Welfare and Safety meeting and other key pre-Breeders’ Cup races. Proceeds of the Racehorse benefited the Foundation. Summits.

5 Research Advisory Committee

The Research Advisory Committee evaluates research proposals and advises the Foundation’s Board of Directors on the basis of the needs of the industry and scientific quality of each project. For the 2018 grants allocation, the committee was comprised of the following persons who served the Foundation without compensation.

Chairman Jennifer Barrett, DVM, PhD, DACVS, ACVSMR Stephen Reed, DACVIM Theodora Ayer Randolph Professor of Equine Surgery Internal Medicine & Shareholder, Rood & Riddle Equine Hospital; Virginia Tech, Marion duPont Scott Equine Med. Center • Leesburg, VA Emeritus Professor, The Ohio State University and Graduate - Cornell University Adjunct Professor, Gluck Center, University of Kentucky Rood & Riddle Equine Hospital • Lexington, KY Warwick Bayly, BVSc MS PhD DACVIM Graduate - The Ohio State University Internal Medicine and Exercise Physiology Washington State University • Pullman, WA Consultant Graduate - Washington State University Johnny Mac Smith, DVM Founding Partner Alicia Bertone, DVM, PhD, DACVS, ACVSMR Peterson & Smith Equine Hospital • Ocala, FL The Trueman Chair in Equine Clinical Medicine& Surgery Graduate - Auburn University The Ohio State University • Columbus, OH Graduate - Cornell University Members of the Board of Directors Rick Arthur, DVM Jeff Blea, DVM Equine Medical Director Racetrack Practitioner California Board • Sierra Madre, CA Von Bluecher, Blea, Hunkin Inc.• Sierra Madre, CA Graduate - University of California, Davis Graduate - Colorado State University

Larry Bramlage, DVM, MS, DACVS Daryl Bonder, DVM Surgeon and Shareholder Private Practice Equine Surgery and Sports Medicine Rood & Riddle Equine Hospital • Lexington, KY Toronto Equine Hospital • Toronto, ON Canada Graduate - The Ohio State University Graduate - Ontario Veterinary College, University of Guelph

A. Gary Lavin, VMD Etta Bradecamp, DVM, Dipl.ACT, Dipl, ABVP Private Practice Theriogenology and Equine Practice Goshen, KY Rood & Riddle Equine Hospital • Lexington, KY Graduate - University of Pennsylvania Graduate - Auburn University

Steven Brinsko, DVM, PhD Amanda Adams, DVM, PhD Professor & Associate Department Head for Academic Programs, Immunologist, Gluck Equine Research Center Theriogenologist University of Kentucky • Lexington, KY Texas A & M • College Station, TX Graduate - University of Kentucky Graduate - University of Florida

Scott Bailey, DVM, DACT Todd Brokken, DVM Associate Professor, Theriogenology Private Practice North Carolina State University • Raleigh, NC Von Bluecher, Blea, Hunkin DVMs • Sierra Madre, CA Graduate - Kansas State University Graduate - University of Minnesota 6 Michele Coleman, DVM, ACVIM, PhD Heather Kynch, DVM, PhD, DACVCP Epidemiology, Infectious Disease, Clinical and Research Associate Professor of Clinical Veterinary Pharmacology Texas A & M • College Station, TX University of California, Davis • Davis, CA Graduate - University of Georgia Graduate - University of California- Davis

Laurent Couteil, DVM, PhD Ernie Martinez, DVM Professor and Director of Equine Research Private Practice Purdue University • West Lafayette, IN Hagyard Medical Institute • Lexington, KY Graduate - Ecole Nationale Vétérinaire d’Alfort, France Graduate - Oklahoma State University

J. Barry David, VMD, PhD, DACVIM Michael Mienaltowski, DVM, PhD Associate Research Associate Hagyard Equine Medical Institute • Lexington, KY University of Florida • Tampa, FL Graduate - University of Pennsylvania Graduate - Michigan State University

Elizabeth Davis, DVM, PhD, DACVIM Peter Morresey, BVSc, MACVSc, DACVIM, DACT Professor and Section Head, Equine Medicine & Surgery Private Practice Kansas State • Manhattan, KS Rood & Riddle Equine Hospital • Lexington, KY Graduate - University of Florida Graduate - Massey University

Carrie Finno, DVM, PhD, DACVIM Margaret Mudge, VMD, DDACVS, DACVECC Assistant Professor and Researcher Associate Professor University of California, Davis • Davis, CA The Ohio State University • Columbus, OH Graduate - University of Minnesota Graduate - University of Pennsylvania

Kelsey Hart, DVM, PhD, DACVIM (LAIM) Heidi Reesink, VMD, ACVS, PhD Associate Professor, Large Animal Internal Medicine Comparative Biomedical Sciences Researcher University of Georgia • Athens, GA Former Storm Cat Award Recipient Graduate - Cornell University Cornell University • Ithaca, NY Graduate - University of Pennsylvania Scott Hay, DVM Private Practice Louise Southwood, BSc(Vet), BVSc, MS, PhD Teigland, Franklin and Brokken • Fort Lauderdale, FL Associate Professor Graduate - Kansas State University University of Pennsylvania • Kennett Square, PA Graduate - University of Sydney Jorge Hernandez, DVM, MPVM, PhD Epidemiologist- Disease Diagnostics Ramiro Toribio, DVM, MS, PhD, ACVIM University of Florida • Gainesville, FL Clinician/Researcher, Endocrinology and Internal Medicine Graduate - University of Baja California The Ohio State University • Columbus, OH Graduate - Universidad Nacional de Rio Cuarto (Honors) Susan Holcombe, VMD, MS, PhD, DACVS, DACVECC Professor Regina Turner, VMD, PhD Michigan State University • East Lansing, MI Theriogenologist Graduate - University of Pennsylvania University of Pennsylvania • Kennett Square, PA Graduate - University of Pennsylvania Christopher Kawcak, DVM, PhD, DACVS Professor of Orthopedics Colorado State University • Fort Collins, CO Graduate - Colorado State University

7 Funded Projects in 2018

Thoroughbred Sales Radiology- Host Factors Involved In EHM Pathogenesis And Latency Ultrasonography Study Gisela Soboll Hussey, Michigan State University C. Wayne McIlwraith, Colorado State University This project works on the development of tools to protect horses from This study will improve the industry’s EHV-1 infection and compare the immune responses in both young and understanding of the significance of sesamoiditis, old horses to identify the mechanisms causing clinical Equine Herpes ultrasonographic suspensory branch changes, Myeloencephalopathy. and stifle lucencies in sales yearlings and two-year-olds. Unraveling Complex Traits By Defining Genome Function 2 Underlying Cause Of Recurrent Exertional Rhabdomyolysis Carrie Finno, University of California, Davis Stephanie Valberg, Michigan State University This study will develop an atlas of gene regulation This grant reviews how stress-induced modification to the skeletal in the horse. muscle calcium release channel forms the basis for tying up in thoroughbreds and will pinpoint a target for the development of Development Of Limited View 3D Imaging effective new treatments. Chris Kawcak, Colorado State University The goal of this grant is to develop a point-of-care, 3-dimensional Firocoxib Properties In Equine Pregnancy & Placentitis II imaging technique that can be used to better characterize and prevent Margo Macpherson, University of Florida injuries in racehorses. This project should provide a fundamental step toward determining if specific drugs (including firocoxibs) are performing expected functions, Epidemiology Of Drug-Resistant R. Equi At Horse Farms such as resolving inflammation in pregnancies threatened by placentitis. Kelsey Hart, University of Georgia This project will determine if isolates of Rhodococcus equi highly Effects Of Low-Dust Forage On Lung resistant to antibiotics are widespread at horse breeding farms in Health of Athletic Horses Kentucky. Laurent Couetil, Purdue University This study seeks to provide a non- pharmaceutical solution to the widespread CONTINUING PROJECTS problem of equine asthma by evaluating the benefits of low-dust forage for horses Endocrinopathic Laminitis: Pathophysiology And Treatment engaged in athletic activity. James Belknap, Ohio State University This study will determine if continuous digital hypothermia is effective Investigating Metabolic Stress And Viral Hepatitis and therefore indicated in the management of endocrinopathic laminitis, Sabine Mann, Cornell University the most common form of the disease. This grant will study metabolic pathways and hepatic viral infection to find a relationship with maladaptation to training syndrome/high Platelet Lysate Therapy In Infectious Arthritis Gamma-glutamyl transferase (GGT) to help improve the health and Lauren Schnabel, performance of race horses. North Carolina State University This grant examines the antibacterial Novel Analgesic Combination In Horses properties of platelets to treat joint Alonso Guedes, University of Minnesota infections in horses more effectively This grant works on developing a medication strategy for joint than conventional therapies, with the inflammation/pain that can provide pain relief as well as help protect goal of reducing morbidity the joint cartilage from damage caused by chemical mediators of and mortality. inflammation.

Ampk Agonists And Insulin Dysregulation In Horses Teresa Burns, The Ohio State University This project directly impacts the treatment of equine metabolic syndrome by assessing the efficacy of two drugs, metformin and acetylsalicylic acid, in the treatment of equine insulin dysregulation. 8 Predicting The Risk Of Equine Fatal 2018 CAREER DEVELOPMENT AWARDS Injury During Racing

Tim Parkin, University of Glasgow The Storm Cat Career Development Award, inaugurated in 2006, This project will use the Equine Injury is a $15,000 grant designed as an early boost to an individual Database to better predict and identify considering a career in equine research. It has been underwritten horses at greatest risk of fatal injury during annually by Mrs. Lucy Young Hamilton, a Grayson-Jockey Club racing and provide measures to further Research Foundation board member whose family stood the reduce the number of horses dying on North American racetracks. champion stallion Storm Cat at Overbrook Farm. In 2018 the award winner was: Evaluation Of Kisspeptin And Pregnant Mares Christianne Magee, Colorado State University Dr. Stephanie Bond- University of Calgary This grant will help to gain insight on how kisspeptins are involved in Airway Inflammation: On Pathogenesis and Performance equine pregnancy and if they can serve as a biomarker for pregnancy The selection process has resulted in the recommendation compromise. of Dr. Stephanie Bond as recipient of the Storm Cat Career Development Award for 2018. Statement by Dr. Renaud Cytotoxic T-Cell Immunity To Equine Leguillette, Calgary Chair in Equine Sports Medicine: Herpesvirus Type 1 “Dr. Bond has been awarded an Eyes High II DVM Doug Antczak, Cornell University Graduate Recruitment Scholarship . . . This program seeks to award scholarships to candidates deemed to be highly accomplished This research will develop critically and whose potential for research excellence is judged to be outstanding . . . needed knowledge about how the horse The Storm Cat Award is intended to provide supplemental funds for graduate immune system responds to equine student development [and] would be entirely used as a salary supplement herpesvirus type 1 vaccination and infection. for Dr. Bond. This has been agreed by the Associate Dean of Graduate Education at University of Calgary Veterinary Medicine.” Bone Marrow Mononuclear Cells For Equine Joint Therapy Linda Dahlgren, Virginia Maryland CVM The Elaine & Bertram Klein Development Award is a competitive The results from this study will pave the way to investigate a new cell program intended to promote development of promising investigators therapy from equine bone marrow as a targeted regenerative therapy by providing a one year salary supplement of $15,000. This program for horses suffering from arthritis. is restricted to one award per year and is named in honor of Elaine & Bertram Klein. The grant is funded by the Klein Family Foundation. Host-directed Control of R. equi Foal In 2018 the award winner was: Pneumonia- Part II Angela Bordin, Texas A&M University Jessica M. Gilbertie- North Carolina State University This grant proposes to use an inhaled product Platelet Lysate Therapy In Infectious Arthritis applied directly into the lungs to increase The selection process has resulted in the recommendation immune responses to protect foals against of Dr. Jessica Gilbertie for the The Elaine and Bertram Rhodococcus equi, a bacterium that causes Klein Development Award of 2018. As is often the case, Dr. severe pneumonia in foals. Gilbertie’s studies already have touched different institutions. Although she is applying via North Carolina State University, the following recommendation comes from the renowned Dr. Dean Richardson of New Bolton Center, University of Pennsylvania:

“This letter confirms my support for Dr. Jessica Gilbertie submitting a revision of the grant proposal entitled ‘Platelet-rich Plasma Therapy in Infectious Arthritis’ with Dr. Lauren Schnabel at North Carolina State University’s College of Veterinary Medicine. Dr. Gilbertie was largely responsible for the preliminary data and study design with Dr. Thomas Shaer, who will be serving as co-investigator. Dr. Gilbertie will be continuing her research on the antimicrobial properties of platelets to support her PhD thesis in Dr. Schnabel’s laboratory.”

9 The Cycle of a Grant

Application Since 1999 the Foundation has funded 241 grants, averaging $1,000,000 annually in awards for the last five years. The average amount funded during the past five years has been $111,600 per grant. For 2018, the Foundation received 52 applications from 33 different institutions and 10 countries. All applicants must comply with the regulations pertaining to animal use in the proposed study, which is the INSTITUTIONAL ANIMAL CARE AND USE COMMITTEE (IACUC) who must review and approve the research project prior to funding.

RAC Scoring The Research Advisory Committee (RAC) is a mix of 32 equine scientists and practitioners capable of judging the merit of the most sophisticated proposals with clinical specialists both from university clinics and private practices. The group includes representation of the major clinical disciplines such as surgery, internal medicine, and reproduction, along with the academic disciplines of pathology, immunology, microbiology, etc, with geographic diversity to reflect the importance of various local problems.

There is a multi-layered review process for each grant starting with the identification of experts on the subject matter and potential conflicts of interests within the RAC. Each grant is initially assigned four reviewers. The reviewers will individually score the grant based on: (a) scientific approach, (b) overall impression, (c) impact, (d) feasibility and (e) budget. Each grant is scored numerically and given a written review. The RAC members access and read all applications prior to the review meeting.

Final Review During the RAC meeting, the essential activities are to discuss each proposal with the entire committee and rank the order for all acceptable proposals. The group endeavors to reconcile mean scores between specialties to assure that one discipline deviate significantly than another discipline. Once grants are ranked numerically to assure that each grant is ranked correctly for its strengths and weaknesses, each grant is then compared to its neighboring grant. If a grant is moved in the ranking it must be reassessed at each placing, compared to its higher and lower neighbor, to assure that the placing is correct within the consensus of the group.

Funding The recommendations of the RAC are presented to the board of directors for final review, with announcement of awards, typically near the first week of March. The funding cycle commences April 1, with three equal payments made through the year.

A timeline is incorporated into the application document so that all investigators are aware of the schedule. The applicant in the original application predicts a schedule of progress. A progress statement is required on November 1 of the original funding year so that any problems with the investigation are identified early and adjustments made. Satisfactory progress must be documented in order to continue receiving funding.

Second year funding must be approved by the Foundation board following recommendations from the GJCRF office.

10 Focused Research

Each year funded research focuses on the impact and the quality of the science for a wide range of equine health issues.

• Respiratory and Airway Health • Stem Cell Therapy • Foal Pneumonia • Placentitis Projects 358 • Herpesvirus • Equine Bone Regeneration 43 Universities • Digital Hypothermia • Colic Treatment 26.4 Million • Laminitis • Safe Racing Surface Characteristics Since 1983

Since 1983 the Foundation has funded research at the following Universities

Auburn University Oregon State University University of Maryland Case Western Reserve Purdue University University of Minnesota Colorado State University Southern Illinois University University of Mississippi Cornell University Temple University University of Missouri Harvard University Texas A&M University of North Carolina-Wilmington Iowa State University Tufts University University of Oklahoma Kansas State University University of Bristol/UK University of Pennsylvania Louisiana State University University of California-Davis University of Queensland/Australia Ludwig Maximilians University/Germany University of Edinburgh/UK University of Saskatchewan/Canada Massachusetts Institute of Technology University of Florida University of Tennessee Michigan State University University of Georgia University of Wisconsin Mississippi State University University of Glasgow/UK Virginia Tech University North Carolina State University University of Guelph/Canada Washington State University The Ohio State University University of Illinois Oklahoma State University University of Kentucky

Publications

To date, Grayson funded research has resulted in the publication of 297 scientific papers in peer-reviewed journals. All funded projects are scheduled for additional publications, including those still in with ongoing research.

11 Donors

Special Friends of Grayson We wish to recognize donors whose generosity has created a profound impact on the Foundation over the years and has been of extraordinary benefit to the horse.

The Robert J. Kleberg, Jr. & Helen C. Kleberg Foundation The Oxley Foundation Paul Mellon William Stamps Farish Fund

ROKEBY In honor of the generosity to the Foundation by the late Paul Mellon, GJCRF designates inclusion in the Rokeby Circle for those donors at the $10,000-plus level within the year. The honor is named for Rokeby Farm, Mr. Mellon’s estate in Virginia. Joseph Allen Mr. & Mrs. Seth W. Hancock Dr. Susan Galandiuk Barbara Banke Ian Highet, Carl Pollard Perry Bass, TIC Stables Amanda Pope, The Perry R. Bass II Foundation Jockeys' Check-Off Program John William Pope Foundation Ramona & Lee Bass Mr. & Mrs. Summerfield K. Johnston Jr. Rood & Riddle Equine Hospital Peter Brant Klein Family Foundation Mrs. Joseph V. Shields Jr. Alexander G. Campbell Jr. The Honorable Earle I. Mack Mr. & Mrs. Michael Simpson Celeste M. Neuman Foundation Robert T. Manfuso, Spendthrift Farm Isabelle H. de Tomaso Chanceland Farm Summer Wind Equine Anonymous Jacqueline B. Mars Tampa Bay Downs Adele B. Dilschneider Robert E. Meyerhoff Taylor Made Sales Agency Donald R. & Irene Dizney Mt. Brilliant Family Foundation The McMichael Family Foundation Elizabeth Locke Jewels Oak Tree Racing Association Virginia Guest Valentine Mr. & Mrs. Bertram R. Firestone Mr. & Mrs. John M.B. O'Connor Vincent Viola Hugh A. Fitzsimons Jr. Mr. & Mrs. Paul F. Oreffice Charlotte C. Weber Great American Insurance Audrey W. Otto William M. Backer Foundation Hagyard Equine Medical Institute Mr. & Mrs. John C. Oxley, Mr. & Mrs. Barry Schwartz Lucy Y. Hamilton The Mary Oxley Foundation Woodland Foundation Dell Hancock Dr. Hiram C. Polk Jr. &

Gold Circle Barry & Judith Becker Charles Fipke Richard and Sue Ann Masson Josephine Abercrombie, Mr. & Mrs. Samuel Boyte Arthur Hancock III Louise & Leonard Riggio Pin Oak Charitable Fund Brian J. Ratner Philanthropic Fund Jody & Michelle Huckabay, Samantha Siegel Airdrie Stud The Brunetti Foundation Elm Tree Farm Stoll Keenon Ogden, PLLC Craig & Holly Bandoroff, Don Alberto Corporation Mr. &s Mrs. Jon S. Kelly Three Chimneys Denali Stud Robert S. Evans Mr. & Mrs. Kevin S. Lavin

Platinum Circle Miller Charitable Lead Annuity Trust Thomas W. Bachman R. Alex Rankin

Silver Circle Mr. & Mrs. C. S. Duncker Oxo Equine LLC Fred Seitz, Helen C. Alexander Hinkle Farms Andrew Rosen Brookdale Farm LLC Laura Barillaro Indian Creek Geoffrey G. Russell Joe Seitz, Headley Bell Mr. & Mrs. Leverett S. Miller Secretariat Foundation Inc. Brookdale Sales, Inc. Clay Ward Agency Jerry Moss Nancy C. Shuford Mr. & Mrs. A. J. C. Smith Darby Dan Farm Pavla Nygaard 12 Kyle W. Cooper Tracy Farmer Nicoma Bloodstock Patron Irving Cowan, Helen K. Groves Ocala Stud John & Jerry Amerman The Irving & Marjorie Cowan John C. Harris Rodes S. Parrish Dr. Rick M. Arthur Family Fnd. Jamie Haydon Daisy Phipps Pulito Madeline Auerbach Nick De Meric Clement Hirsch Jr. J. Kirk & Judy Robison James E. Bassett III Everett Dobson Mr. & Mrs. Steven Holland Mr. & Mrs. Alexander Scovil Mark E. Bivins Sandy Z. DuBose Orrin Ingram, Speedway Stables Cornelia W. Bonnie Richard L. Duchossois The Community Foundation of Stonereath Stud James C. Brady Linda C. Elliott Middle Tennessee George Strawbridge Jr. Charlsie Cantey Dr. Claire Latimer Embertson Allan G. Lavin The Maryland Jockey Club Bill & Susan Casner Dr. Rolf Emberston Mill Ridge Farm Ltd. Arnold B. Zetcher James & Anita Cauley Equine Medical Associates, PSC Roxy Nickels

Mr. & Mrs. Joe T. Ford Hope H. Jones Joe Browne Nicholson Supporting C. Kenneth Grayson F. Jack Liebau Patricia Pavlish John Barr Louis L. Haggin III Braxton J. Lynch Tom and Missy Robbins Remi Bellocq Nina Hahn Machmer Hall Thoroughbreds LLC Walt Robertson Mr. & Mrs. Darrell Brown Walker Hancock Dr. Ernie Martinez James Shircliff Dr. & Mrs. Mark W. Cheney Charles Hayward Mr. & Mrs. Michael R. Matz Patricia Thompson Christiana Stables LLC Dr. Susan Holcombe Chris McCarron William B. Thompson Jr. Merritt P. Dyke Jane E. Howard William I. Mott Mr. & Mrs. D. G. Van Clief Jr. Equine Veterinary Care, PC Annie Jones Mr. & Mrs. Nick Nicholson Dr. William D. Fishback Jr.

John Crowe Dr. Wayne McIlwraith Mr. & Mrs. Edgar Scott Jr. Sustaining Neil Drysdale Mr. & Mrs. Kiaran McLaughlin Dr. Johnny Mac Smith Shannon Arvin James M. Durlacher Tim McMurry Hans J. Stahl Patricia Birk Robert Fabbricatore Morgan's Ford Farm LLC Elizabeth K. Stanley Pamela Blatz-Murff Mr. & Mrs. James E. Friess Louis Ottrando Michael K. Tivnan Bridleplates.com Dr. William Theodore Hill Dr. & Mrs. Scott E. Palmer Mr. & Mrs. John T. Ward Jr. Dr. Steven Brinsko Vanessa S. Jenkin George Pine Ian Wilkes Frank & Donna Brothers Dr. David T. Lamb Dr. J. D. Richardson David Willmot Dorothy R. Brotherton Preston Madden Cooper Sawyer Peter S. & Michelle Willmott Cambus-Kenneth Farm, LLC John McCormack Michael Schmitt Henry A. Zeitlin Dr. Michele Coleman

Margaret Fiore David and Martha Martin Barbara Rehbein Annual Kerry B. Fitzpatrick Judith McDermott Maggie Rikard Mr. & Mrs. Clifford Barry Dr. Ben Franklin Jr. Mr. & Mrs. R. Shannon McDonald William S. Roebling Mary Barsan Mr. & Mrs. Jim Gladden, Judy P. Miller Mr. & Mrs. Peter G. Schiff Katrina H. Becker Genesis Racing Mrs. Dudley L. Millikin Julie Scofield Tara Benda Curtis C. Green Elizabeth S. Millikin Mr. & Mrs. Jonathan Sheppard Dr. Alicia Bertone Scott Hay Kerry T. Millikin Dr. Frederick C. Shiery Allison Bishop Dean Hayes Mr. & Mrs. James O'Grady Lenny Shulman Frank & Donna Brothers Jay Ar Dee Stables Mr. & Mrs. Dennis O'Kain Stonehedge LLC Martha Buckner Dr. Ronald C. Jensen Catherine Parke John Stuart Caldara Farm Russell B. Jones Jr. Mary Charlotte H. Parr Julie A. Tackett Thomas Caminiti William & Sally Landes Parrish Hill Farm, Inc. Peter Tenbeau Marsha Dammerman Bruce Levine Mr. & Mrs. William Parsons Jr. Leslie Thomas Robert Donati Dr. Fred T. Lewis DVM Michele Peters Cheryl A. Weeks Amy Dunne James S. Liao Doug Pratt Hester Whitcher William duPont III Peter Link Reeves Thoroughbred Racing Sandra Whitley 13 Donors

Robert Donati Elizabeth Lugo Rood & Riddle Equine Hospital General Donations Double W Thoroughbred Racing Inc Mac Thoroughbreds Dennis Rowan Accenture LLP Meg Douglas-Hamilton Lynn Mahin Donald Samaan Elke Ahlmann Dream Walkin' Farm Lorraine Maloney Natalya Sapko Amazon Smile Susan Eckles Brad Martin Michael V. Scalzo Barbara Anderson John Ellison Mario Martinez Candace Schweers Kathy Andros Equibase Company Carol Mays Stephanie Settles Anonymous Laura Ferguson Chris McCarron Delrene Sims Joseph Appelbaum Margaret Fiore James McGreevy Charles Snyder Joe Armstrong Caroline Forgason Mary D. McLeod John Sondereker C.W. and Kathryn Asmus Jerry Fredrick Deba Medlock Sally Spencer Austin Lang Testamentary Trust Avram & Rhoda Freedberg Terry Merkel Joanne Spencer Mr. & Mrs. Kenneth E. Ayres Michael Gallo Elizabeth Merryman Sally Spencer Thomas W. Bachman Mary H. Gilbert Dean Midboe Pearl and Sara Belle Sperling Brian & Kimberly Baldyga Glen Hill Farm Maurleen Miller Courtney Stafford Mary Barsan Glover's Bookery, ABAA, LLC Ashley Moniz Starlight Racing Mr. & Mrs. Michael Baum Debra Godby C. Todd Morton Nancy Stone W. B. R. Beasley Linda Griggs Doris Moses Paula Taube Polly Jo Benson Jake Halverstadt Rebecca Mottin The National Horse Show Terri Bey Carl Hamilton Mrs. Alastair Muirhead The Thorobreds Gary Biszantz Ken Hamilton Eric Myer Kathleen Thomas Blackstone Farm LLC Dell Hancock Alex Neuman Melvin Thomas Frank A. Bonsal Jr. David Harris Melissa Nolan Bill Thomason Patricia Boone Frances M. Hartwell Ocala Stud Thoroughbred Charities of America Bourbon County Equine Festival Inc Mary Hazzard Sara O'Connell Trail M Boarding and Guest Farm Edward L. Bowen Louise F. Hickox Donald Ogden Ralph J. Tramantano Breeders' Cup Ltd. James Hiser Kevin O'Gorman Two Sisters Farm Virginia Brown Jill Hoffmann Susan Oliver Linda Walker The Brunetti Foundation Bonnie Holder Janet Olson WalMart Foundation Lisa Cade Katie Hook Orange Grove Thoroughbreds, Inc. Sarah Walter Amalye Calvert Rose Ann Howell Debra S. Pabst Halina Warren Mr. & Mrs. W. Cothran Campbell Timothy Hughes Jessica Paquette Kevin Warsh Charlsie Cantey Doug M. Hutchison Mary Charlotte H. Parr Charlotte C. Weber Caren Cartwright Agnes Jackson Ray Paulick Richard G. Wells Kelly Cassidy Sherry Johnson Rex & Patsy Kay Paxton Mary Whalen Anastasie Christiansen-Croy Shannon Johnson Paypal Giving Fund Vilando Wynter Claiborne Farm Sherry Johnson Lynda Pellitteri Mary Wyper Anne Clancy Jill Jones Diane Perkins Susan Young Brutus Clay Kathy Justus Lewin Petra Terri Zeitz Linda P. Conn Ellen K. Kelley Karen Poor Dawn Conrad Stacy Kilgroe Maurice Quirin Mary- Ellen Conway Elizabeth A. Koch Susanne Raisher Jennifer Craig Komlo & Associates Inc Mary Remondini Dr. Barry David Eric Kordsmeier PA Reynolds Penne Diana Lisa Kreiger Andrew Ritter Adele B. Dilschneider Karen Lawrence Monica Roberts Sharon Doherty Katherine A. Leigh Steve Ronchetto

Teague Cantey Hutchie Hancock Kaylee Stacy Mirabito

Junior Members Royal Douglas Lily Helm Cameron Smith Benjamin Cantey Michaela Frye Lydia Helm Maddie Smith Rory Cantey Lucy Gayheart Rebecca Matthesen 14 Dylan Davis Mr. & Mrs. Keith Loscalzo Dr. Margaret A. Reed Event Support Michael Del Giudice The Honorable Earle I. Mack Virginia Reid Joanne Adams Adele B. Dilschneider Sen. & Mrs. John Magnier Roberts Communications Network Thomas Albertrani Everett Dobson Robert T. Manfuso Evin A. Roman Junior Alvarado Mr. & Mrs. C. S. Duncker Timothy Mara Rood & Riddle Equine Hospital Joseph Appelbaum Stewart Elliot Robert Masiello Madeline Auerbach Robert S. Evans Claude R. McGaughey III Andrew Rosen Barbara Banke Charles Fipke McKinsey & Co. Ramona & Lee Bass Hugh A. Fitzsimons Jr. Mr. & Mrs. Seth Melhado Ricardo Santana Jr. Tyler Baze Moustapha Fostock Patricia Moseley Richard & Peggy Santulli Kenneth Beitz Manuel Franco Neuberger Berman Group LLC Saratoga Springwater Company James G. Bell Geovanni Franco New York Racing Association Mr. & Mrs. Martin Schwartz Gary Biszantz James Gagliano New York Thoroughbred Shawn Smeallie Mark E. Bivins Horsemen's Association Michael E. Smith Mr. & Mrs. Anthony Bonomo Godolphin NTRA Travis Stone Joe Bravo Ronald Goldstein Oak Tree Racing Association The Stronach Group Douglas Bredar Helen K. Groves Oaklawn Jockey Club Mr. & Mrs. Stuart Subotnick Breeders' Cup Ltd. Mr. & Mrs. Dennis O'Kain Robert & Mary Sullivan Jeffrey Brodsky Dell Hancock Mr. & Mrs. Stewart Oldfield Joe Talamo Mr. & Mrs. Chester Broman Susan T. Harris Irad Ortiz Teigland, Franklin & Brokken DVMs, P.A. Raymond Bryan Ian Highet Jose Ortiz Stella Thayer Charlsie Cantey Iridian Asset Management Mr. & Mrs. Barry Ostrager Drayden Van Dyke Kendrick Carmouche Japan Racing Association John Phillips Vincent Viola Matthew Clark Robert M. Kaufman Dr. Hiram C. Polk Jr. Charlotte C. Weber David Cohen Keeneland Carl Pollard West Point Thoroughbreds Tyler Conner Patrick Kelly Flavien Prat Demetrios Xanthos Brad Cummings, Equilottery Diane Lebowitz Dr. Thomas Qualtere Steven W. Young Mark Curran Alan Quartucci MEMBERS Donors whose contributions or portions thereof are designated as dues for membership shall have the privilege of participating in the annual election of directors.

Josephine Abercrombie, Mr. & Mrs. Michael Baum Dr. Steven Brinsko Kyle W. Cooper Pin Oak Charitable Fund Barry & Judith Becker Mr. & Mrs. Chester Broman Irving Cowan, Airdrie Stud Katrina H. Becker Donna Brothers The Irving & Marjorie Cowan Family Fnd. Helen C. Alexander Headley Bell Frank Brothers John Crowe Joseph Allen Remi Bellocq Dorothy R. Brotherton Marsha Dammerman Junior Alvarado Tara Benda Mr. & Mrs. Darrell Brown Darby Dan Farm John & Jerry Amerman Dr. Alicia Bertone The Brunetti Foundation Nick De Meric Anonymous Patricia Birk Martha Buckner Isabelle H. de Tomaso Dr. Rick M. Arthur Allison Bishop Caldara Farm Adele B. Dilschneider Shannon Arvin Gary Biszantz Cambus-Kenneth Farm, LLC Donald R. & Irene Dizney Madeline Auerbach Mark E. Bivins Thomas Caminiti Everett Dobson Thomas W. Bachman Pamela Blatz-Murff Mr. & Mrs. W. Cothran Campbell Don Alberto Corporation Craig & Holly Bandoroff, Cornelia W. Bonnie Alexander G. Campbell Jr. Robert Donati Denali Stud Frank A. Bonsal Jr. Charlsie Cantey Neil Drysdale Barbara Banke Edward L. Bowen Bill & Susan Casner Sandy Z. DuBose John Barr Mr. & Mrs. Samuel Boyte James & Anita Cauley Richard L. Duchossois Mr. & Mrs. Clifford Barry James C. Brady Celeste M. Neuman Foundation Mr. & Mrs. C. S. Duncker Mary Barsan Dr. Larry Bramlage Dr. & Mrs. Mark W. Cheney Amy Dunne Perry Bass, Peter Brant Christiana Stables LLC William duPont III The Perry R. Bass II Foundation Breeders' Cup Ltd. Claiborne Farm James M. Durlacher Ramona & Lee Bass Brian J. Ratner Philanthropic Fund Clay Ward Agency Merritt P. Dyke James E. Bassett III Bridleplates.com Dr. Michele Coleman Elizabeth Locke Jewels

15 Members

Linda C. Elliott Stuart S. Janney III Pavla Nygaard Mr. & Mrs. Jonathan Sheppard Dr. Claire Latimer Embertson Jay Ar Dee Stables Oak Tree Racing Association Mrs. Joseph V. Shields Jr. Dr. Rolf Emberston Vanessa S. Jenkin Oaklawn Jockey Club Dr. Frederick C. Shiery Equibase Company Dr. Ronald C. Jensen Mr. & Mrs. John M.B. O'Connor James Shircliff Equine Medical Associates, PSC Mr. & Mrs. Summerfield K. Johnston Jr. J. Michael O'Farrell, Jr., Nancy C. Shuford Equine Veterinary Care, PC Russell B. Jones Jr. Ocala Stud Lenny Shulman Robert S. Evans Annie Jones Mr. & Mrs. James O'Grady Samantha Siegel Robert Fabbricatore Hope H. Jones Mr. & Mrs. Dennis O'Kain Mr. & Mrs. Michael Simpson William Farish Jr. Keeneland Mr. & Mrs. Paul F. Oreffice Mr. & Mrs. A. J. C. Smith Tracy Farmer Mr. & Mrs. Jon S. Kelly Irad Ortiz Dr. Johnny Mac Smith Margaret Fiore Klein Family Foundation Mr. & Mrs. Jose Ortiz Michael E. Smith Charles Fipke Dr. David T. Lamb Audrey W. Otto Speedway Stables Mr. & Mrs. Bertram R. Firestone William & Sally Landes Louis Ottrando Spendthrift Farm Dr. William D. Fishback Jr. Mr. & Mrs. Kevin S. Lavin Mr. & Mrs. John C. Oxley, Hans J. Stahl Kerry B. Fitzpatrick Dr. & Mrs. A. Gary Lavin The Mary Oxley Foundation Elizabeth K. Stanley Hugh A. Fitzsimons Jr. Allan G. Lavin Oxo Equine LLC Stoll Keenon Ogden, PLLC Mr. & Mrs. Joe T. Ford Bruce Levine Dr. & Mrs. Scott E. Palmer Stonehedge LLC Dr. Ben Franklin Jr. Dr. Fred T. Lewis DVM Catherine Parke Stonereath Stud Avram & Rhoda Freedberg James S. Liao Mary Charlotte H. Parr George Strawbridge Jr. Mr. & Mrs. James E. Friess F. Jack Liebau Rodes S. Parrish John Stuart Dr. Susan Galandiuk Peter Link Parrish Hill Farm, Inc. Mr. Stuart Subotnick Mr. & Mrs. Jim Gladden, Braxton J. Lynch Mr. & Mrs. William Parsons Jr. Summer Wind Equine Genesis Racing Machmer Hall Thoroughbreds LLC Patricia Pavlish Julie A. Tackett C. Kenneth Grayson The Honorable Earle I. Mack Michele Peters Taylor Made Sales Agency Great American Insurance Preston Madden George Pine Peter Tenbeau Curtis C. Green Robert T. Manfuso, Dr. Hiram C. Polk Jr. Stella Thayer, Tampa Bay Downs Helen K. Groves Chanceland Farm Carl Pollard The Maryland Jockey Club Louis L. Haggin III Jacqueline B. Mars Amanda Pope, The McMichael Family Foundation Hagyard Equine Medical Institute David and Martha Martin John William Pope Foundation Leslie Thomas Nina Hahn Dr. Ernie Martinez Doug Pratt William W. & Barbara L. Thomason Jr. Carl Hamilton Richard and Sue Ann Masson Daisy Phipps Pulito Patricia Thompson Lucy Y. Hamilton Mr. & Mrs. Michael R. Matz R. Alex Rankin William B. Thompson Jr. Arthur & Staci Hancock III Chris McCarron Dr. Stephen Reed Three Chimneys Dell Hancock John McCormack Reeves Thoroughbred Racing Michael K. Tivnan Mr. & Mrs. Seth W. Hancock Judith McDermott Barbara Rehbein Virginia Guest Valentine Walker Hancock Mr. & Mrs. R. Shannon McDonald Dr. J. D. Richardson Mr. & Mrs. D. G. Van Clief Jr. Joseph W. Harper Dr. Wayne McIlwraith Louise & Leonard Riggio Vincent Viola John C. Harris Mr. & Mrs. Kiaran McLaughlin Maggie Rikard Mr. & Mrs. John T. Ward Jr. Scott Hay Mary D. McLeod Tom & Missy Robbins Charlotte C. Weber Jamie Haydon Tim McMurry Walt Robertson Cheryl A. Weeks Dean Hayes Robert E. Meyerhoff J. Kirk & Judy Robison Hester Whitcher Charles Hayward Mill Ridge Farm Ltd. William S. Roebling Sandra Whitley Ian Highet, Miller Charitable Lead Annuity Trust Rood & Riddle Equine Hospital Ian Wilkes TIC Stables Judy P. Miller Andrew Rosen William M. Backer Foundation Dr. William Theodore Hill Mr. & Mrs. Leverett S. Miller Geoffrey G. Russell David Willmot Hinkle Farms Maurleen Miller Cooper Sawyer Peter S. & Michelle Willmott Clement Hirsch Jr. Mrs. Dudley L. Millikin Mr. & Mrs. Peter G. Schiff Woodland Foundation Dr. Susan Holcombe Elizabeth S. Millikin Michael Schmitt Susan Young Mr. & Mrs. Steven Holland Kerry T. Millikin Mr. & Mrs. Barry Schwartz Henry A. Zeitlin Jane E. Howard Morgan's Ford Farm LLC Julie Scofield Arnold B. Zetcher Jody & Michelle Huckabay, Jerry Moss Mr. & Mrs. Edgar Scott Jr. Elm Tree Farm William I. Mott Mr. & Mrs. Alexander Scovil Doug M. Hutchison Mt. Brilliant Family Foundation Secretariat Foundation Inc. Indian Creek Joe Browne Nicholson Fred Seitz, Orrin Ingram, Mr. & Mrs. Nick Nicholson Brookdale Farm LLC The Community Foundation of Roxy Nickels Joe Seitz, Middle Tennessee Nicoma Bloodstock Brookdale Sales, Inc. At the end of 2018, membership stood at 294 compared to 293 at the end of 2017. Names and addresses of members are maintained in the Foundation's offices at 821 Corporate Drive Lexington, Kentucky 40503. 16 Membership Levels:

Rokeby Circle $ 10,000 Platinum Circle $ 7,500 Gold Circle $ 5,000 Silver Circle $ 2,000 Patron $ 1,000 Supporting Member $ 500 Sustaining Member $ 200 Annual Member $ 100

Tax Status of Grayson-Jockey Club Research Foundation

Grayson-Jockey Club Research Foundation is exempt from Federal income tax under section 501(c) (3) of the Internal Revenue Code of 1986 (the “Code”) as an organization operated exclusively for educational and scientific purposes. Contributions made to the Foundation are deductible by donors in computing their taxable income in the manner and to the extent provided by section 170 of the Code. Bequests, legacies, devices or transfers are deductible in computing the value of the taxable estate of a decedent for Federal estate tax purposes in the manner and to the extent provided by section 2055 of the Code. Gifts of property are deductible in computing taxable gifts for Federal gift tax purposes in the manner and to the extent provided by section 2522 of the Code. Provisions to approximately the same effect appear in the tax laws of most states. Grayson-Jockey Club Research Foundation

821 Corporate Drive • Lexington, KY 40503 • (859) 224-2850

40 East 52nd Street • New York, NY 10022 • (212) 371-5970

grayson-jockeyclub.org • [email protected]