The Marong Cup is being staged today at the Bendigo Jockey Club and it will once again serve as an annual fundraising event for Bendigo's Catholic primary schools.
President of the Marong Racing Club committee Stuart Smith said he has been involved in the committee since his children were at primary school.
A motivating force behind his commitment to the event is seeing the enjoyment the day brings.
"Seeing the kids enjoying the day and knowing the funds are going to the right place is pleasing," Mr Smith said.
The day's family friendly festivities begin at 11am when gates open, with tickets available for $15.
"There's a children's entertainment area that has gotten quite popular in the last five years.
"It features dodgem cars, laser tag, giant water slides and other rides," Mr Smith said.
Children can gain access unlimited rides for $15 each, with their entry to the Bendigo Jockey Club free.
Mr Smith said the funds raised from catering and hospitality are distributed to eight Catholic primary schools in Bendigo.
"In more than 20 years, we have distributed $818,000.
Holy Rosary Primary School principal Paul Wilkinson said the Marong Cup benefits all Catholic schools in the Bendigo area.
"We are able to raise through the combined efforts of the students, staff and parents across the region, about $6000 per Catholic school," Mr Wilkinson said.
"We have been able to support our pastoral care projects and install playground equipment," Mr Wilkinson said.
Holy Rosary will be competing in the schools challenge relay race again, which takes place down the racetrack straight, after winning the event last year.
The Marong Cup has been a local institution for decades, with Racing Victoria coordinating with the Bendigo Jockey Club to conduct the event on the same weekend each year.
"We have no plans to stop this great event," Mr Smith said, while acknowledging that the event is locked in for many years to come.
The first race is at 12.46pm.