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Philanthropy News

TERF Announces $100,000 Commitment to Endow Penn Vet Opportunity Scholarship Fund

By: Louisa Shepard Date: Jul 20, 2015

The University of Pennsylvania School of Veterinary Medicine (Penn Vet) is pleased to announce that the Thoroughbred Education and Research Foundation (“TERF”) will donate $100,000 to create an endowment for student scholarships.

The TERF Opportunity Scholarship Fund will provide financial support to Penn Vet students, with a preference for those intending to practice in equine medicine. Penn Vet will select the recipients based on academic criteria and financial need.

Penn Vet’s Opportunity Scholarship Program was established 17 years ago and is a unique program that provides financial support and matches each student with practicing veterinarians who serve as mentors, sharing their knowledge and experience.

“We are so grateful to TERF for creating this lasting legacy, which will help Penn Vet students with financial support and mentoring,” said Penn Vet Dean Joan C. Hendricks, The Gilbert S. Kahn Dean of Veterinary Medicine.The TERF Opportunity Scholarship Fund will have an impact on the veterinary profession, and the care of horses, for many years to come.” 

TERF is a non-profit, charitable organization dedicated to supporting and promoting equine education and research by sponsoring scholarships in veterinary medicine, and supporting organizations that educate the public in the proper care of horses. 

"Our purpose in establishing the TERF Opportunity Scholarship Fund at the University of Pennsylvania School of Veterinary Medicine is two-fold,” said Herb Moelis, TERF co-chair. “We want to provide a base of endowed scholarship confidence that Penn Vet can rely upon, while growing the earmarked fund's income over time, thus creating an endowed scholarship fund using more of the fund's income, and less of the principal."

TERF and its predecessor, Thoroughbred Charities of America Endowment Fund (TCA), for many years have generously supported Penn Vet scholarships, granting awards totaling nearly $100,000 since 2006 to Penn Vet students interested in equine veterinary medicine.