The Charity Cup was inaugurated as the Perak Turf Club Charity Cuo in 1999 with prizemoney of RM100,000.

The first winner was home trained CINDY'S PET and winning trainer Marinus van Breukelen made it a double the following year with NOBLE HERO.

In 2003, ASTRO sponsored the race, pushing the prizemoney to RM250,000. It was renamed Astro Wah Lai Toi Charity Cup.

That year, Ipoh trainer Evelyn Seet took home the prize when she saddled SUPREME ECHO to victory.

In 2004, Marinus van Breukelen saddled his third winner of the series with SOLO VENTURE.

Astro's sponsorship ended in 2010 and it was renamed simply as the Charity Cup.