(July 20, 2015, Lexington, KY) – Thoroughbred Education and Research Foundation, (“TERF”) is pleased to announce its plan to donate $100,000 to The University of Pennsylvania School of Veterinary Medicine (“Penn Vet”) to create an endowment for student scholarships.

The TERF Opportunity Scholarship Fund will provide financial support to Penn Vet students, with a preference for those intending to practice in equine medicine. Penn Vet will select the recipients based on academic criteria and financial need.

Penn Vet’s Opportunity Scholarship Program was established 17 years ago and is a unique program that provides financial support and matches each student with practicing veterinarians who serve as mentors, sharing their knowledge and experience.

“We are so grateful to TERF for creating this lasting legacy, which will help Penn Vet students with financial support and mentoring,” said Penn Vet Dean Joan C. Hendricks, The Gilbert S. Kahn Dean of Veterinary Medicine. “The TERF Opportunity Scholarship Fund will have an impact on the veterinary profession, and the care of horses, for many years to come.”

TERF is a non-profit, charitable organization dedicated to supporting and promoting equine education and research by sponsoring scholarships in veterinary medicine, and supporting organizations that educate the public in the proper care of horses.

“Our purpose in establishing the TERF Opportunity Scholarship Fund at the University of Pennsylvania School of Veterinary Medicine is two-fold,” said Herb Moelis, TERF co-chair. “We want to provide a base of endowed scholarship confidence that Penn Vet can rely upon, while growing the earmarked fund’s income over time, thus creating an endowed scholarship fund using more of the fund’s income, and less of the principal.”

TERF and its predecessor organization, Thoroughbred Charities of America Endowment Fund, for many years have generously supported Penn Vet scholarships, granting awards totaling nearly $100,000 since 2006 to Penn Vet students interested in equine veterinary medicine.

TERF also approved $12,000 in scholarships to Cornell University College of Veterinary Medicine students. What makes a student stand out to be chosen for a scholarship, aside from financial need? Although difficult to pinpoint, it is a special combination of a student’s current work ethic, balanced with their ambitions to carry the equine industry forward for the next generations. Whether speaking to equine sports medicine, under-served markets, or academia to pay it forward, each of the following students are receiving a $6,000 scholarship:

Kate Frazier attended the University of New Hampshire and a favorite pastime is horseback riding her black appendix quarter horse. Kate has been active in Cornell’s student chapter of AAEP and has served as their Treasurer.  She is particularly interested in lameness and, after completing an equine internship, plans to pursue a career in equine sports medicine. She is also committed to volunteer work alongside her primary career, and hopes to travel to areas of need in under-served areas and developing nations to provide veterinary services.

Lauren Bookbinder, an accomplished horseback rider, completed her undergraduate studies at Cornell, majoring in Animal Science, with Distinction in Research. She has had research experience with both large and small animals, including working at Cornell’s Equine Sports Medicine Lab/Treadmill. She has been involved in Cornell’s student chapter of AAEP, and has served as Co-Chair of the Large Animal Symposium. She plans to focus her career in the area of equine medicine and, after completing an internship and residency, she may also pursue a PhD with the hope of pursuing a career in academia.

In addition to the scholarships and endowment above, TERF has granted an additional $70,000 for the 2015 grant cycle to the following non-profit organizations serving the TERF mission: Equine Advocates, Inc., The (Groom) Elite Program, Inc., the Retired Racehorse Project, the Spot Castle Laminitis Conference and Ryerss Farm (Fair Hill Thoroughbred Show).