Posts Tagged ‘williams stamps farish fund’

By Ray Paulick
Permanently disabled jockeys got a huge boost today with the announcement that the Williams Stamps Farish Fund has pledged $1 million to the Permanently Disabled Jockeys Fund, the organization currently assisting 60 former riders who have been seriously injured in racing accidents.

The president of the Farish Fund is William S. Farish, the owner of Lane’s Farm and vice chairman of the Jockey Club. His pledge, to be annualized with equal payments over four years beginning in 2009, was accompanied by a message of hope that others in the industry will also step up on this issue.

“I’ve made a lot of friends over the last 30 years who are riders,” Farish told the Paulick Report. “They are in a position that if something happens to them, they don’t have the support financially to move forward. There’s a void. I think this is something that everybody connected to our sport ought to be contributing to: owners, breeders, everyone who is involved in some way or another with racing. These are independent contractors, they’re not protected once they go down, and there’s nothing for them to fall back on.”

The PDJF was formed in 2006 with the assistance of the National Thoroughbred Racing Association (NTRA Charities) and several racetracks, including those owned by Magna Entertainment and Churchill Downs Inc. A number of racetracks, owners, corporate sponsors and organizations have supported the PDJF.

It was necessitated after the former Disabled Jockeys Fund administered by the Jockeys’ Guild ran out of money during the disastrous administration of Wayne Gertmenian, who was ousted in November 2005 after virtually sending the organization into bankruptcy over the previous four years. The PDJF now stands alone as a 501(c)3 charity. Nancy LaSala is executive director of the Fund, overseeing its annual operating budget of approximately $800,000.

For more on the PDJF, click here to see the May 29 feature on the organization that was part of the Paulick Report series, Good News Friday Sponsored by Liberation Farm.

Farish said the PDJF has “been on my radar for a while.” There is a separate endowment, created by the Guild, that Farish hopes can be built up to $10-million to $12-million. It currently has about $2 million, but the money cannot be used until it reaches a certain level.

The Williams Stamps Farish Fund has actively supported numerous community and racing organizations, including Grayson-Jockey Club Research Foundation, the Maxwell H. Gluck Equine Research Center at the University of Kentucky, the National Museum of Racing in Saratoga Springs, N.Y., and the Kentucky Derby Museum, among others.

“I’m hopeful and feel like by putting our name behind this very, very important organization, we can help financially and draw attention to the need,” he said.

“We are deeply grateful to Mr. Farish for his commitment to the PDJF and the disabled athletes it supports,” said executive director LaSala said in a press release. “Thanks to his generosity and leadership the PDJF can now focus more attention on building the endowment that will ensure that financial assistance for our disabled riders will always be available.”

Contributions to the PDJF may be directed to: PDJF, P.O. Box 803, Elmhurst, IL 60126. All contributions are tax-deductible. For inquires contact Nancy LaSala at (630) 595-7660. For more information visit www.pdjf.org.

Copyright © 2009, The Paulick Report

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