Inaugurated in 1926, it is named for Selima, who was imported to Maryland in 1750 and became a foundation mare by Benjamin Tasker, Jr. at the Belair Stud Farm in Prince George County. Selima was the daughter of the Godolphin Arabian, she was considered "queen of the turf," she also gained fame as one of the country's greatest broodmares in American history. Referring to the 1959 Selima Stakes, in his book Legacies of the Turf, author Edward L. Bowen says that it was "then one of the most important autumn races for juvenile fillies."