Recognising it's collective responsibility for the welfare of horses that have raced or been in training, the British racing industry provides the core funding for RoR.
The funds are delivered through contributions from across the industry, either automatically via the Rules of Racing, as overseen by the British Horseracing Authority (BHA), or by annual agreement.
The biggest contributors are Racehorse Owners while other donors include the BHA, Racecourses, Thoroughbred Breeders and Trainers.
RoR also receives generous donations from: The Horserace Betting Levy Board; The Point-to-Point Authority; Jockeys and Sales Companies.
In addition to receiving donations from private individuals and being named as a beneficiary in an increasing number of wills, the charity has made successful applications to the Racing Foundation for particular projects, including the expansion of its regional educational programme.
In 2001, a year after it was awarded charitable status, RoR was privileged to receive a bequest of $3.5m from the estate of Paul Mellon, the owner of Mill Reef (the 1971 Derby and Prix de l’Arc de Triomphe winner) and countless other good racehorses. This sum is required to be invested, with RoR able to draw down up to 5% of the total value on an annual basis.
RoR was also fortunate to be among the charities that in 2007 benefitted from the sale of the Racing Post by Trinity Mirror. Part of the deal, as requested by Sheikh Mohammed in return for transferring the licence to use the Racing Post trademark, was a donation of £2.5m to each of four charities, one of which was RoR.
The remarkable generosity of Paul Mellon and Sheikh Mohammed, as well as other donors, has helped place RoR on a firm financial footing.
RoR also conducts its own fundraising activities and initiatives, as well as receiving income from registration fees from new owners wanting to enter RoR run classes or competitions, this helps with the administration costs and funding of the events.