Churchill Downs, Kentucky Derby Festival and Humana Launch Derby Equity and Community Initiative
Partnership to Focus on Supporting, Restoring and Creating Equitable Derby Traditions
LOUISVILLE, Ky. (Wednesday, April 22, 2021) – Kentucky Derby Festival (“KDF”) is launching the Derby Equity and Community Initiative, (“DECI” or “the Initiative”), with support from Churchill Downs and Humana Inc. This partnership is a combined effort to incorporate equitable programming into the Derby season with the intention of directing economic impact and ensuring a sense of belonging to Louisville communities that have encountered a lack of access to those opportunities and the spirit of Derby season.
The phased multi-year initiative will build upon Kentucky Derby Festival’s long-established mission to provide creative and unique entertainment and community service for the people of Greater Louisville that directly contributes to the aesthetic, cultural, educational, charitable, and economic development of the area. The Initiative vows to support, restore, and create Derby traditions that invite diverse participation through economically impactful programs with a focus on educational elements and multi-generational programming.
“The Kentucky Derby Festival’s mission has always been to bring our community together in celebration and that has not changed,” said Matt Gibson, Kentucky Derby Festival President & CEO. “Over the past year, as we’ve all faced extraordinary challenges, we’ve taken the opportunity to reflect and to listen alongside our partners at Churchill Downs and Humana. We are committed to be part of the solution in the effort to unite our city. This initiative will help us ensure the celebration around the Derby season is inclusive of our entire community.”
“It is important that the Kentucky Derby is inclusive of the entire Louisville community,” said Bill Carstanjen, CEO of Churchill Downs Incorporated. “We have always believed that the Derby should be used as a platform for positive community impact, and we thank our partners at Humana for supporting that goal. In the last year, we’ve made substantive efforts within our industry and our own organization to nurture an environment in which everyone felt welcomed or included, and we knew we could entrust KDF, whose goals to create equitable opportunities around the Derby already aligned with our own, to help us carry the spirit of this mission throughout the region.”
“This Derby Equity and Community Initiative partnership is a part of Humana’s larger efforts to address health disparities and increase health equity here in Louisville and across the other communities Humana serves. In our 60-year history, Humana has supported our corporate hometown through a variety of investments aiming to inspire whole-person health and well-being. We recognize the need to continue to champion diversity, equity, and inclusion efforts more broadly, and to take actionable steps to ensure Louisville is on a path to becoming a community in which all of its residents feel a sense of belonging. This partnership furthers Humana’s commitment to address social determinants of health like social connectedness and financial security in order to create lasting change and make it easier for all Louisvillians to achieve their best health,” said Dior Cotten, Humana’s Bold Goal Population Health Lead for Louisville.
To develop the framework for this initiative, and with a focus on how to best respond to community needs, the three organizations have engaged a diverse group of key community leaders over the past several months to solicit feedback and research proposed ideas. Those conversations continue and have resulted in a direction to focus on three primary pillars to promote equity through Derby season: Support, Restore, and Create. (Full details on the pillars can be found online at KDF.org/derbyequitycommunityiniative.)
The first phase of the initiative in 2021 includes support of the Jefferson County Public Schools program, Justice Now, a project that brings together students to discuss, research and propose solutions to community-wide issues. Justice Now will culminate this year in May with elementary, middle and high school students presenting their solutions to experts, community partners and potential funders at the new Kentucky Derby Festival Foundation event – JusticeFest on May 22. Sponsored by Churchill Downs and Humana, JusticeFest empowers students to be the change and acknowledges that the youth of Louisville will be the key to actualizing a more equitable and inclusive city. Participating students will be asked to help shape the future of DECI by answering the question: “How can the Kentucky Derby and Kentucky Derby Festival be used as a platform to create social and economic impact in our city?”
“The courthouse is not the only place that justice should be served. The schoolhouse is the place that justice must be taught,” said Dr. John Marshall Chief Equity Officer for Jefferson County Public Schools. “Our students continue to be problem solvers and are driven to find solutions. That’s why we need Justice Now and why JusticeFest is so important.”
The partners have pledged to fund DECI over the course of the next five years, in partnership with the event and marketing expertise of KDF, with the goal of establishing intentional practices that lead to long-term, sustainable, and meaningful impact on the way the Louisville community perceives and experiences the city-wide celebration of the Kentucky Derby.
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 own and operate three pari-mutuel gaming entertainment venues with approximately 3,050 historical racing machines in Kentucky. We also own and operate TwinSpires, one of the largest and most profitable online wagering platforms for horse racing, sports and iGaming in the U.S. and we have seven retail sportsbooks. We are also a leader in brick-and-mortar casino gaming in eight states with approximately 11,000 slot machines and video lottery terminals and 200 table games. Additional information about CDI can be found online at www.churchilldownsincorporated.com.
About Kentucky Derby Festival
Since 1956, the not-for-profit Derby Festival has worked to bring the community together in celebration. The Festival is an independent community organization supported by 4,000 volunteers, 400 businesses and civic groups, Pegasus Pin sponsorships and event participation. It is the largest single attended event in Kentucky and one of the leading community celebrations in the world. Additional information can be found online at www.kdf.org.
About Humana
Humana Inc. is committed to helping our millions of medical and specialty members achieve their best health. Our successful history in care delivery and health plan administration is helping us create a new kind of integrated care with the power to improve health and well-being and lower costs. Our efforts are leading to a better quality of life for people with Medicare, families, individuals, military service personnel, and communities at large.
To accomplish that, we support physicians and other health care professionals as they work to deliver the right care in the right place for their patients, our members. Our range of clinical capabilities, resources and tools – such as in-home care, behavioral health, pharmacy services, data analytics and wellness solutions – combine to produce a simplified experience that makes health care easier to navigate and more effective.
More information regarding Humana is available to investors via the Investor Relations page of the company’s web site at www.humana.com including copies of:
- Annual reports to stockholders
- Securities and Exchange Commission filings
- Most recent investor conference presentations
- Quarterly earnings news releases and conference calls
- Calendar of events
- Corporate Governance information
Certain statements made in this news release contain various “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. 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 or similar expressions (or negative versions of such words or expressions).
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, among others, that may materially affect actual results or outcomes include the following: the impact of the novel coronavirus (COVID-19) pandemic and related economic matters on our results of operations, financial conditions and prospects; the occurrence of extraordinary events, such as terrorist attacks, public health threats, civil unrest, and inclement weather; the effect of economic conditions on our consumers’ confidence and discretionary spending or our access to credit; additional or increased taxes and fees; the impact of significant competition, and the expectation the competition levels will increase; changes in consumer preferences, attendance, wagering, and sponsorships; loss of key or highly skilled personnel; lack of confidence in the integrity of our core businesses or any deterioration in our reputation; risks associated with equity investments, strategic alliances and other third-party agreements; inability to respond to rapid technological changes in a timely manner; concentration and evolution of slot machine manufacturing and other technology conditions that could impose additional costs; inability to negotiate agreements with industry constituents, including horsemen and other racetracks; inability to successfully expand our TwinSpires Sports and Casino business and effectively compete; inability to identify and complete expansion, acquisition 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; general risks related to real estate ownership and significant expenditures, including fluctuations in market values and environmental regulations; reliance on our technology services and catastrophic events and system failures disrupting our operations; online security risk, including cyber-security breaches, or loss or misuse of our stored information as a result of a breach, including customers’ personal information, could lead to government enforcement actions or other litigation; personal injury litigation related to injuries occurring at our racetracks; compliance with the Foreign Corrupt Practices Act or applicable money-laundering regulations; payment-related risks, such as risk associated with fraudulent credit card and debit card use; work stoppages and labor issues; risks related to pending or future legal proceedings and other actions; highly regulated operations and changes in the regulatory environment could adversely affect our business; restrictions in our debt facilities limiting our flexibility to operate our business; failure to comply with the financial ratios and other covenants in our debt facilities and other indebtedness; and increase in our insurance costs, or obtain similar insurance coverage in the future, and inability to recover under our insurance policies for damages sustained at our properties in the event of inclement weather and casualty events.
We do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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