Dec. 7, 2005 -- Starlight Stables (Jack and Laurie Wolf), PHS Racing LLC (Paul Saylor) and Johns Martin, former co-owners of Ashado, have established a four-year scholarship in the champion race mare's name for a female college student studying an equine-related subject. The scholarship will be administered by The Race For Education.
Ashado was recently sold at Keeneland for a record $9 million. The former owners agreed to donate a certain percentage of the proceeds from her sale to Thoroughbred Charities of America, with the stipulation that the scholarship money would come from that donation.
The Ashado Scholarship will have the same eligibility requirements as The Race For Education's Thoroughbred Scholarship, in that the student must be majoring in an equine-related subject, including veterinary medicine.
"The Ashado Scholarship is intended to enable its recipient to achieve the high level of success Ashado demonstrated since she first set foot on a racetrack," said Paul Saylor. "We hope that Ashado's unique determination and character will serve as a catalyst for achievement by the scholarship's beneficiary."
Ashado, by Saint Ballado out of Goulash, won 12 of her 21 starts, including seven Grade I races. She is the only horse to win the Kentucky Oaks (GI) and Breeders' Cup Distaff (GI) in the same year. Ashado received the Eclipse Award as Champion Three Year Old Filly in 2004 and is the leading contender for 2005 Champion Older Mare. Her earnings of nearly $4 million place her second on the all-time earnings list for female racehorses.
The Ashado Scholarship recipient will be chosen from female Thoroughbred Scholarship applicants. Applications for both the Thoroughbred and Horsemen's Scholarships can be found at www.racingscholarships.com. Completed applications are due February 28, 2006. The Ashado Scholarship recipient will be introduced on Kentucky Oaks day at Churchill Downs.
The Race For Education is a national education scholarship foundation funded by various parties related to, or with an interest in the Thoroughbred racing industry. In its first three years in operation, The Race For Education has awarded more than $694,000 to students from 17 states.