As part of its remit The Turf Club administers a number of charitable funds.
These are as follow :-
The Drogheda Memorial Fund was established in 1893 to provide temporary and permanent financial assistance to trainers and riders who find themselves in needy circumstances whether from age, sickness, accident or misfortune. It also provides funds for the widows and children of such people.
Income for the fund is derived from a portion of the annual licence fees of Jockeys, Qualified Riders (Amateur) and Trainers, from investment income and from voluntary donations.
The Jockeys Accident Fund was established in 1933 to provide benefit for professional jockeys and apprentices who are injured either during a race meeting or in the schooling of horses. In some circumstances the fund may pay benefit to a professional rider from another jurisdiction to cover emergency costs in the event of he/she being involved in an accident while riding in an Irish race. The fund makes payments for the completion of research to benefit riders’ health and well-being.
Income of the fund is derived from owners and jockeys levies, a portion of jockeys and apprentices annual licence fees, stake percentages won by Qualified Riders, investment income and voluntary donations.
The Qualified Riders Accident Fund was set up for the benefit of Qualified Riders licensed by the INHS Committee. It provides benefit in the event of death or injury to a Qualified Rider while riding in a race. In some circumstances the fund may pay benefit to an amateur rider from another jurisdiction to cover emergency costs in the event of he/she being involved in an accident while riding in an Irish race. The fund makes payments for the completion of research to benefit riders’ health and well-being.
Income of the fund is derived from race entry levies, riding fees, a portion of Qualified Rider annual licence fees, investment income and voluntary donations.
The Jockeys Emergency Fund was set up in 1998 by the Stewards of the Turf Club and INHS Committee to provide assistance to riders who suffer permanent total paralysis as a result of an injury sustained while taking part in a race run under the Rules of Racing or at an authorised Point to Pont meeting. It also provides benefit to a rider injured during a race run at a recognised meeting outside of Ireland provided the rider is riding under an Irish licence when the accident occurs. Contributions to this fund come from Owners via a levy on prizemoney, from voluntary donations, investment income and a portion of Jockeys and Qualified Riders (Amateur) annual licence fees.
In addition to the above The Turf Club and INHS Committee jointly administer –
· The Stable Employees Pension Plan
· The Jockeys Trust
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