New York State Thoroughbred Breeding and Development Fund Corporation
The New York State Thoroughbred Breeding and Development Fund Corporation is a New York State public-benefit corporation whose purpose is to dispose and distribute monies received for the purposes of advancement and promotion of breeding and raising thoroughbreds in N.Y.S., promotion of equine research, various awards to owners and breeders of N.Y.S. thoroughbreds for finishing 1st, 2nd, 3rd, or 4th in races, and providing of purse monies for races exclusively for New York Breeds. The fund was established in 1973 and has paid out more than $17 million annually in breeder, owner and stallion owner awards, and in purse enrichment to the state’s tracks.