Thoroughbred Charities of America's board of directors has announced the approval of $1.1-million in grants to 52 organizations.
According to TCA president Herb Moelis, "To our knowledge, this total of more than $1-million is the largest single-year grant allocation made in the Thoroughbred industry in the U.S. and probably the world," said TCA president Herb Moelis.
A press release from TCA said the recipients "embody the TCA mission of providing a better life for Thoroughbreds both during and after their racing careers." Among the grantees were Belmont Child Care, Days End Horse Rescue Farm, Horse Farm Workers Education Assistance Fund, Grayson-Jockey Club Research Foundation, Marion duPont Scott Equine Medical Center, New Bolton Center, New York Horse Rescue, ReRun, Thoroughbred Owners and Breeders Association, and Thoroughbred Retirement Foundation.
"We are particularly pleased with the fact that 95 cents of every dollar raised by Thoroughbred Charities goes to the groups we support," said TCA director Dan Rosenberg. "We are very proud of the fact that administrative costs are so much lower than most charities."
Approximately 100 groups from 13 different states have benefited from TCA's fund-raising efforts. The release said TCA has made more than $5-million in grants since its inception.
The 2002 grants were allocated 40% to retirement and rescue groups, 22% to education, 20% to research, with the balance of the monies distributed to groups that provide assistance programs for backstretch workers and riding programs for challenged children, according to TCA.