Form 990 for tax year 2024

Totals

Total revenue

$5,212,506

Total expenses

$3,339,255

Contributions and grants received

$2,290,510

Grants paid

$2,423,608

Program service revenue

$0

Investment income

$2,921,996

Other revenue

$0

Total assets, end of year

$50,525,418

Total liabilities, end of year

$201,789

Net assets or fund balances, end of year

$50,323,629

Program services expenses (Part IX)

$2,636,551

Management and general expenses

$129,716

Fundraising expenses

$572,988

Program service expenses (Part III)

$2,636,551

Program services were 79.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2024

• GRAYSON-JOCKEY CLUB RESEARCH FOUNDATION IS A LEADING, NON-PROFIT CHARITABLE ORGANIZATION. MEMBERSHIP IS UNRESTRICTED AND OPEN TO ALL. THE FOUNDATION'S MISSION IS TO FUND VETERINARY RESEARCH BENEFICIAL TO PROMOTING THE HEALTH AND SOUNDNESS OF HORSES. ALTHOUGH IT IS AFFILIATED WITH THE THOROUGHBRED HORSE INDUSTRY, MOST RESEARCH IS BENEFICIAL TO ALL BREEDS. IN 2024, THE FOUNDATION FUNDED 16 GRANTS TOTALING $2,423,608. VETERINARY RESEARCH IS CONDUCTED AT UNIVERSITIES IN NORTH AMERICA, AUSTRALIA, AND BELGIUM. THE FOUNDATION HAS NO ALLIANCE WITH ANY ONE UNIVERSITY AND IS FREE TO FUND THE BEST RESEARCH BASED ON RECOMMENDATIONS FROM ITS RESEARCH ADVISORY COMMITTEE. A PERCENTAGE OF APPROVED FUNDING IS DIRECTED TO SUPPORT LAB TECHNICIANS AND GRADUATE ASSISTANTS TO SUPPORT THE PRINCIPAL INVESTIGATOR. THUS, RESEARCH TODAY IS HELPING TO RECRUIT AND TRAIN RESEARCHERS FOR TOMORROW, GIVING EXTRA IMPACT FROM THE FOUNDATION'S FUNDING. ASIDE FROM STAFF ASSISTANCE, THE FOUNDATION DOES NOT PAY THE PRINCIPAL INVESTIGATOR'S SALARY OR ANY OTHER OVERHEAD, THEREBY TARGETING ITS DOLLARS DIRECTLY FOR RESEARCH.

  Expenses $2,636,551 · Grants $2,423,608

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

• MICHIGAN STATE UNIVERSITY

  $697,719

  EQUINE RESEARCH

• CORNELL UNIVERSITY

  $364,762

  EQUINE RESEARCH

• TEXAS A&M

  $288,371

  EQUINE RESEARCH

• COLORADO STATE UNIVERSITY

  $246,157

  EQUINE RESEARCH

• UNIVERSITY OF WISCONSIN - MADISON

  $138,248

  EQUINE RESEARCH

• UNIVERSITY OF KENTUCKY RESEARCH FOUNDATION

  $107,298

  EQUINE RESEARCH

• OKLAHOMA STATE UNIVERSITY

  $99,296

  EQUINE RESEARCH

• LOUISIANA STATE UNIVERSITY

  $96,229

  EQUINE RESEARCH

• UNIVERSITY OF ILLINOIS

  $68,454

  EQUINE RESEARCH

• VIRGINIA MARYLAND COLLEGE OF VETERINARY MEDICINE

  $64,696

  EQUINE RESEARCH

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type

form_990

Tax year

2024

Filed

7 November 2025

IRS schema version

2024v5.2

Source object

202523119349303842

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.