She was the daughter of Libbie Randon Rice and her husband, William Stamps Farish II (1881–1942), president of Standard Oil from 1937 to 1942.
[4] Gerry was best known as the owner and breeder of three-time American Horse of the Year, Forego whom she raced under the Lazy F. Ranch banner.
In 1974, she was the recipient of the New York Turf Writers Association award as the woman who did the most for racing and was the Thoroughbred Club of America's Honored Guest of 1978.
In 1983, Gerry, Allaire du Pont, and Penny Chenery became the first women to be admitted as members of The Jockey Club.
[7] In 1939, she married Edward Harriman Gerry (1914–2003) at St. James Episcopal Church on Madison Avenue and Seventy-first street in New York City.