Carroll Shelby Children’s Foundation Raises The Roof At Barrett-Jackson Auction

The Win-a-Cobra Raffle and the First 2007 Shelby GT500 Sold Set a New Record for Money Raised for Children’s Organ Transplant Organization

GARDENA, Calif., (January 31, 2006) – The Carroll Shelby Children’s Foundation (www.cscf.org) had a tremendously successful showing at the 2006 Barrett-Jackson “World’s Greatest Collector Car Event” in Scottsdale, Arizona. The Foundation, created by legendary racer and car manufacturer Carroll Shelby, raised more than $1 Million for the charity devoted to children’s organ transplants and research.

“I’d like to thank all of the thousands of big hearted people who reached into their wallets to help us out,” said Foundation founder Carroll Shelby. “By purchasing tickets and bidding at the auction, each of them will help us in our efforts to provide assistance to those children whose families might not be able to afford the procedures as well as donate funds to further research in this area. I just want everyone to know that those donations will help us make a huge difference in the lives of these deserving youngsters.”

2007 Ford Shelby GT500

The day’s activity reached a fervent pitch as bidding began on the first public 2007 Ford Shelby GT500 was offered for auction. Ford teamed up with Barrett-Jackson to auction off the rights to purchase the first 475-hp Ford Shelby GT500 – the GT500 will be the most powerful factory-built Mustang ever produced when it goes into production later this summer. The final hammer price was $600,000, again with all proceeds going to benefit the Foundation.

Win-A-Cobra Raffle

Later that afternoon, the excitement continued with the announcement of the winner of the Win-A-Cobra Raffle, for which tickets were sold months in advance with much anticipation building over the past eight months for the announcement of the winner. Gary Goudie of Knoxville, Illinois, a huge Shelby fan who currently owns two original Shelby “Hertz” GT350s, was the lucky winner of Carroll Shelby’s personal aluminum-bodied Shelby Cobra CSX 1000. Mr. Goudie was not on site at the Barrett-Jackson Auction, but plans to take delivery of his prize at the Shelby American Automobile Club (SAAC) event on February 24-26 in Las Vegas, NV, where Carroll Shelby will autograph the car for him. A total of $485,000 in tickets was sold for the charity raffle, with all proceeds benefiting the Foundation.

Auction Block Donations

To complete the million-dollar day, when a 1966 Shelby Cobra CSX3000 Roadster (Lot 1291) sold for $594,000 during the Barrett-Jackson auction, the seller, Melvin Jones, graciously agreed to donate 20-percent of the final auction price above $350,000 – or approximately $50,000 – to the Foundation. After the sale concluded, the buyer of the Cobra, Michael Armand, generously agreed to match the $50,000 donation.

“The Carroll Shelby Children’s Foundation would like to thank Ford Motor Company and Craig Jackson and Steve Davis of Barrett-Jackson for coordinating the auction of the first GT500,” says Jenni Shreeves, the Executive Director of the Foundation. “We would also like to thank the generous donations from Mr. Armand and Mr. Jones and the thousands of Shelby fans who purchased tickets for the Win-a-Cobra raffle. Stay tuned in 2006 for our next exciting raffle.”

After receiving a successful heart transplant in 1990, Carroll Shelby established the Carroll Shelby Children’s Foundation in 1991 as a volunteer-based, non-profit organization dedicated to giving young people a second chance by providing assistance for acute coronary and kidney care and increasing awareness of organ donation. Today, at 83 years of age he is the oldest and longest surviving double organ recipient, having received a kidney from his son Mike in 1996.

About the Carroll Shelby Children’s Foundation

Legendary racer and automotive manufacturer Carroll Shelby, following years of heart-related difficulties which culminated in a successful heart transplant, created the Carroll Shelby Children’s Foundation in October 1991. The organization is dedicated to providing assistance for acute coronary and kidney care for young people who share many of the same afflictions. To date, the Foundation has helped numerous children and has provided seed monies to launch a similar programs. The Foundation also provides grants to organizations conducting research in the fields of coronary and organ transplant management.

As a 501 (c)(3) non-profit organization, the Carroll Shelby Children’s Foundation™ depends solely on individual and corporate contributions for funding. Under IRS code regulations, donations to CSCF are tax deductible. All donation monies go directly to the operation and support of the foundation and its programs.

Funding for the Carroll Shelby Children’s Foundation comes from a myriad of programs conducted throughout the year. These programs include generous donations given in exchange for Carroll’s autographs, Team Cobra 2000 annual membership, a portion of the proceeds from the International Chili Society chili cook-off, generous donations from corporate and private sponsors and through Carroll Shelby’s personal appearance fees. In addition, the Shelby American Automobile Club (SAAC), the Shelby Mustang clubs and the Shelby Dodge clubs all include the Foundation as an active participant and beneficiary of their national and regional convention event proceeds. For more information, visit www.cscf.org or call 310-327-5072.