In honor of former Executive Director, Elizabeth "Tolley" Graves, the 2015 Board of Trustees donated the American Saddlebred Museum "Making History" Perpetual Trophy. This trophy is presented annually Saturday night at the Kentucky State Fair World's Championship Horse Show in Louisville, Kentucky to the winner of the Fine Harness World's Grand Championship.

Winners
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2016 — CH Wild Carrissima
2017 — Here Comes The Boom!
2018 — Madeira's Code Red
2019 — Madeira's Code Red
2020 — Soul Desire
2021 — HS Daydream's Heads Up
2022 — Soul Desire
2023 — Clever Girl