Charity City of Hope has been named as the official charity of this year’s 2014 Breeders’ Cup World Championships, it has been confirmed.

The charity, which is a renowned treatment and research center for diabetes, cancer and other life-threatening illnesses, will be the chosen beneficiary for the second year running. The event will take place at the Santa Anita Park in Arcadia, California, and will see some of the world’s most well known horses taking to the track, including Majestic Harbor and Moonshine Mullin.

Breeders’ Cup President and CEO Craig Fravel said: “We are very pleased to renew our partnership with City of Hope for this year’s Breeders’ Cup in Southern California.

“City of Hope continues to be a vital leader in caring and servicing those in need of medical services for life-threatening diseases. We welcome them back for this year’s event.”

The Breeders’ Cup has announced a fundraising goal of $50,000 for City of Hope.

Race-goers will have the opportunity to contribute online at the event’s website, www.breederscup.com, while there will also be a number of promotional activities at the event.

Money will be donated from collection booths and merchandise sales, as well as Public Service Announcements.

The event will also feature unique auction packages to be sold online prior to the event.

Race-goers will have the chance to win VIP experience packages to the event, “meet and greet” sessions with jockeys, unique items and more.

This year’s races promise to be exciting for both charity givers and checking in on the favored runners. In particular, Majestic Harbor has proven recently that he has what it takes to win another major race; he won the Grade 1 Cup at the Santa Anita Stakes on June 28.

Meanwhile, Moonshine Mullin is finally showing the potential that he once had back in 2011 when he won the Jim Dandy Stakes. He’ll have hot competition from Triple Crown Winner California Chrome, but whatever the outcome, the race is sure to be nail-biting.

Robert Stone, President and CEO of City of Hope, said: “City of Hope is deeply honored to once again be selected as the Breeders’ Cup beneficiary for 2014.

“The continued support of Breeders’ Cup and its fans enables City of Hope scientists to develop new treatments and conduct innovation research that helps people worldwide. Such support is critical in our effort to defeat cancer and other life-threatening diseases.”