Monarchos' victory in today's 1 27th running of the Kentucky Derby means that the Grayson-Jockey Club Research Foundation will receive a donation of $7,670 from owner John C. Oxley and another $7,670 from the syndicate which owns the colt's sire Maria's Mon. The total is $15,340.

On April 3, Oxley pledged to donate one percent of the colt's earnings from victories in Grade I races up to and including the Kentucky Derby. He made the pledge retroactive to the colt's victory in the Florida Derby.

In subsequent days, the syndicate which owns Monarchos' sire, Maria's Mon, also pledged to make a donation equal to one percent of the colt's earnings in those races.

Monarchos' win means that the foundation will receive $7,670 from Oxley and another $7,670 from the Maria's Mon syndicate for the Derby win.

The Grayson-Jockey Club Research Foundation is the leading private sources of funding for research to enhance the health and safety of horses. This year, the foundation is allocating over $700,000 for 11 new research projects; in the past two decades, it has contributed $9,000,000 to more than two dozen universities for more than 160 projects.

"These were very generous pledges from the Oxleys and from the syndicate owners of Maria's Mon," said Edward L. Bowen, president of the Grayson-Jockey Club Research Foundation. "Our foundation exists to enhance the health and welfare of all horses and these donations will help us do that."