Treasure Valley Racing owners form a nonprofit organization aiming to support rural Idaho.
Treasure Valley Racing announced on Thursday that the new charitable foundation would be funded by the net profits from the racing operations at Les Bois Park, including revenue generated by Historical Horse Racing.
"We are excited to announce the creation of this foundation, intended to support and reinforced our commitment to families in rural and the next generation of young people interested in careers in agriculture," said Robert Rebholtz, Jr., one of five co-owners of Treasure Valley Racing.
Treasure Valley Racing says a hundred percent of the net profits will be dedicated to the foundation in supporting education, scholarships, healthcare and economic programs that serve rural families and communities all across Idaho.
The owners of Treasure Valley Racing also include Harry S. Bettis, Larry Williams, Linda Yanke, and John Sheldon. They pledged on Thursday to seed the foundation with $100,000.
Rebholtz said some of the initial foundation funds would support Nikeela Black and her family. Black, one of Idaho's top jockeys, was involved in a horse racing accident in Blackfoot in August and is recovering in a Denver hospital.