Racing industry scholarship fund The Race For Education was recognized by the White House Office of Faith-Based and Community Initiatives (OFBCI) and the President’s Council on Financial Literacy during the “Compassion in Action” roundtable held at the White House on June 18.

The Race For Education is a scholarship program for children of low-income equine-industry families as well as for children who are working toward an equine-related career. Founded in 2002, the program provides tuition support, mentoring services, and career-placement services to students.

Recipients of The Race For Education scholarships must complete an online financial literacy course designed for college-aged students, which drew the praise of the OFBCI and garnered the invitation to the financial literacy education-themed roundtable.

The OFBCI commended the program for “providing education on financial literacy that equips individuals with the tools they need to avoid the pitfalls of consumer debt, predatory lending, and other traps, while succeeding in areas such as home ownership, budgeting, and credit repair.”

To date, The Race For Education has awarded more than $2-million in scholarships to college students throughout the United States.