(Edited press release)
Fasig-Tipton has announced the assignment of the day-to-day management of their wholly-owned subsidiary, Blue Horse Charities, to Thoroughbred Charities of America, an affiliate of Thoroughbred Owners and Breeders Association.
Blue Horse Charities was formed in 2001 to financially assist those organizations which find adoptive homes for Thoroughbreds off the racetrack. The charity is financed by buyers, sellers, consignors and Fasig-Tipton. A buyer, seller or consignor can donate one-quarter of a percent of a sales activity with Fasig-Tipton, which is then matched 100% by the auction company.
TCA was formed in 1990 to raise funds for those charities in the Thoroughbred industry which provide a better life for Thoroughbreds both during and after their racing careers by supporting retirement, rescue, and research and by helping the people who work with them.
Terence Collier, director of marketing for Fasig-Tipton, noted, “Fasig-Tipton’s new ownership group, Synergy, very willingly made a long-term commitment to continuing the good work of Blue Horse Charities. Through our past association with Herb Moelis and Liz Harris at TCA, we are delighted they will handle all aspects of our liaison with Thoroughbred adoption agencies. Fasig-Tipton will continue collections and most accounting functions, but TCA will be our link to the many wonderful organizations giving support to our retired racetrack warriors.”
“TCA is pleased to take on the management of Blue Horse Charities because it is a good fit. The Blue Horse Charities method of grant-giving is entirely sustainable and TCA’s accreditation system is stringent,” said TCA executive director, Liz Harris, “ensuring every dollar granted is wisely spent.”