Churchill Downs Donates $150,000 Across 15 Nonprofits for Giving Tuesday
Louisville, KY (December 1, 2020) – Churchill Downs Incorporated (“CDI”) is proud to support many of Louisville’s worthy nonprofits today on Giving Tuesday, a nationwide day of giving, with multiple donations totaling $150,000. That cumulative sum is divided across 15 organizations that continue to do important work for so many across Louisville and surrounding areas.
Recipient organizations range from chapters of global nonprofits to smaller and newer startups. CDI is confident the selection of the organizations receiving donations illustrates its commitment to investing in efforts in this city that increase educational opportunities, advocate for public health, support its youth and work to advance minorities at school and the workplace.
The recipients include:
Adelante Hispanic Achievers, an organization that serves Latinx middle and high school students and their families by guiding its Achievers and parents through the educational system and ensuring they have every resource they need to succeed
Americana World Community Center, which bridges the gap from surviving to thriving for Louisville’s refugee, immigrant and underserved populations through education, family support, youth achievement and career and financial development
Boys & Girls Club of Kentuckiana, a beloved nonprofit that enables all young people, especially those who need them most, to reach their full potential as productive, caring, responsible citizens through their out-of-school time “Club” experiences for youth ages 6-18
Change Today, Change Tomorrow, was formed in 2019 but has been particularly active in the community lately. Appealing to the needs of the Black community in multiple facets with specific focus on education and community service, Change Today, Change Tomorrow provides access to resources, education and community engagement to all African Americans in the Greater Louisville area. CDI funds will be directed to their Adopt-a-Block program, which organizes a gift initiative for residential blocks in the West End of Louisville.
Community Connections Group, an organization that works to attract, partner and coordinate resources for the community by promoting education, culture and healthy lifestyles to encourage and produce a positive change. The donation from CDI covered the cost of their turkey giveaway this season, which saw them distribute over 900 turkeys!
Evolve502, which aims to remove the persistent barriers to college education in three important ways: provide scholarships and grants, coordinate wrap-around services and facilitate systems change. They actively seek to help every JCPS student pursue the dream of college education by expanding educational opportunities and reducing systemic barriers.
Jamon Brown Foundation, which strives to impact the lives of those struggling with poverty, violence and youth homelessness, and to improve upon the education and healthy living issues that are typically prevalent in at risk areas, while influencing others to do the same. The funds received from CDI on Giving Tuesday are supporting their soon-to-be-built Diversity Empowerment Center in the West End.
Legacy Equine Academy, an organization that fosters a commitment to young people that promotes the equine industry and career-related opportunities it offers with an added educational focus on the history of African Americans in the equine industry
Louisville Central Community Center, a nonprofit community-based organization that offers a variety of programs and services in support of children and families in the West End of Louisville
Metro United Way, an important organization that actively changes lives in the community by fighting for the education, financial independence and health of every person in the seven-county region it serves, including Bullitt, Jefferson, Oldham and Shelby counties in Kentucky and Clark, Floyd and Harrison in Indiana.
Neighborhood House, a community center that serves children and families living in Portland and surrounding low-income neighborhoods with opportunities to enhance the quality of their lives and break the cycle of poverty
NuLu Diversity Empowerment Council, whose goal is to attract and assist Black-owned and other minority business startups with a business plan, entity creation and applications for funding
Project to Preserve African American Turf History (PPAATH), an initiative to provide education about the history of Black jockeys and horsemen of Thoroughbred racing
Ronald McDonald House Charities of Kentuckiana, a chapter of the global Ronald McDonald House Charities, which provides the home and support that allows families to stay together while they focus on the healing of their sick children at a critical time. This donation in particular will support their expansion so that they can serve even more families.
Simmons College, an institution of biblical higher education dedicated to educating people in the urban context through strong academic and professional programs in order that they may become productive citizens and agents of change in society
About Churchill Downs Incorporated
Churchill Downs Incorporated is an industry-leading racing, online wagering and gaming entertainment company anchored by our iconic flagship event, the Kentucky Derby. We also own and operate three pari-mutual gaming entertainment venues in Kentucky: Derby City Gaming; Oak Grove Racing, Gaming, and Hotel; and Newport Racing and Gaming. Our online wagering business owns and operates TwinSpires.com, the largest and most profitable online horse racing wagering platform in the U.S., and BetAmerica, an online sports betting and iGaming platform in the U.S. We are also a leader in brick-and-mortar casino gaming with approximately 11,000 slot machines and video lottery terminals and 200 table games in eight states. Additional information about CDI can be found online at www.churchilldownsincorporated.com.
Information set forth in this news release contains various “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”), which provides certain “safe harbor” provisions. All forward-looking statements made in this news release are made pursuant to the Act. Forward-looking statements are typically identified by the use of terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “predict,” “project,” “seek,” “should,” “will,” and similar words, although some forward-looking statements are expressed differently.
Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Important factors that could cause actual results to differ materially from expectations include the following: the effect of economic conditions on our consumers’ confidence and discretionary spending or our access to credit; additional or increased taxes and fees; public perceptions or lack of confidence in the integrity of our business or any deterioration in our reputation; loss of key or highly skilled personnel; restrictions in our debt facilities limiting our flexibility to operate our business; general risks related to real estate ownership, including fluctuations in market values and environmental regulations; catastrophic events and system failures disrupting our operations; online security risk, including cyber-security breaches; inability to recover under our insurance policies for damages sustained at our properties in the event of inclement weather and casualty events; increases in insurance costs and inability to obtain similar insurance coverage in the future; inability to identify and complete acquisition, expansion or divestiture projects, on time, on budget or as planned; difficulty in integrating recent or future acquisitions into our operations; costs and uncertainties relating to the development of new venues and expansion of existing facilities; risks associated with equity investments, strategic alliances and other third-party agreements; inability to respond to rapid technological changes in a timely manner; inadvertent infringement of the intellectual property of others; inability to protect our own intellectual property rights; payment-related risks, such as risk associated with fraudulent credit card and debit card use; compliance with the Foreign Corrupt Practices Act or applicable money-laundering regulations; risks related to pending or future legal proceedings and other actions; inability to negotiate agreements with industry constituents, including horsemen and other racetracks; work stoppages and labor issues; changes in consumer preferences with respect to Churchill Downs Racetrack and the Kentucky Derby; personal injury litigation related to injuries occurring at our racetracks; weather and other conditions affecting our ability to conduct live racing; the occurrence of extraordinary events, such as terrorist attacks and public health threats, including the ongoing impact of the novel coronavirus (COVID-19 virus); changes in the regulatory environment of our racing operations; increased competition in the horseracing business; difficulty in attracting a sufficient number of horses and trainers for full field horseraces; our inability to utilize and provide totalizator services; changes in regulatory environment of our online horseracing business; number of people wagering on live horse races; increase in competition in our online horseracing; uncertainty and changes in the legal landscape relating to our online wagering business; continued legalization of online sports betting and iGaming in the United States and our ability to predict and capitalize on any such legalization; inability to expand our sports betting operations and effectively compete; failure to manage risks associated with sports betting; failure to comply with laws requiring us to block access to certain individuals could result in penalties or impairment with respect to our mobile and online wagering products; increased competition in our casino business; changes in regulatory environment of our casino business; and concentration and evolution of slot machine manufacturing and other technology conditions that could impose additional costs; and inability to collect gaming receivables from the customers to whom we extend credit.
Press Contacts
Nick Zangari
Vice President, Treasury, Investor
Relations & Risk Management
Phone: (502) 394-1157
Email: [email protected]