| Grade III race | |
| Location | Pimlico Race Course, Baltimore, Maryland, United States |
|---|---|
| Inaugurated | 1987 |
| Race type | Thoroughbred - Flat racing |
| Race information | |
| Distance | 1+1⁄8 miles 9 furlong |
| Surface | Dirt |
| Track | Left-handed |
| Qualification | Three-year-olds & up, open |
| Weight | Assigned |
| Purse | $100,000 |
The William Donald Schaefer Memorial Stakes is an American Thoroughbred horse race held annually during the third week of May at Pimlico Race Course in Baltimore, Maryland. A Grade III event open to three-year-old horses and up, it is contested on dirt over a distance of 1+1⁄8 miles (nine furlongs). This race had been run as the Never Bend Handicap from its inception in 1987 through 1993.