The board of directors of the Thoroughbred Charities of America approved grants exceeding $1,027,250 at its annual board meeting on May 31. Grants of $910,650 will be made immediately with an additional $116,600 held in reserve to be distributed as needed. Fiscal 2003 represents the third consecutive year TCA has approved grants totaling seven figures.
The board also added two new members Dan Hall, general manager of Adena Springs in Lexington and David Hayden, president and owner of Dark Hollow Farm and David Hayden Advertising in Upperco, Md.
Thoroughbred Charities of America, based in Delaware, is a non-profit organization that focuses on providing a better life for Thoroughbreds by supporting rescue, retirement, and research. Of the grants being distributed, 40% will go to rescue and retirement groups, approximately 35% for education, 12% for research and the balance for the backstretch and disabled riding programs. More than 75 non-profit groups from 18 states will benefit from the grants.
"Many of the groups we support are well known," said TCA President Herb Moelis, "But most are the small, out-of-the-limelight, backyard groups that day-in and day-out pour their hears and souls into making a better life for out ex-racehorses. There are the groups that need our help the most. We are most grateful to all the season owners, farm managers, and artists who donated so generously to our auction and made these grants possible."