TCA Board Approves Over $1.5 million in '07 Grants

(edited press release)

At an annual board meeting June 2, Thoroughbred Charities of America approved grants of $1,564,400 to 149 non-profits in the charitable work of Thoroughbred Rescue, Research, Backstretch, Education and Therapeutic Riding, in 28 states.

With an eye toward the future, $100,000 was added to the TCA endowment fund to ensure a steady grant flow. An additional $75,000 fund was retained for emergency grants toward those suffering from hurricane and fire damage, drought and various equine crises.

“The strong support from the industry in the donation and purchase of the stallion seasons has enabled TCA to make grants of more than $15,000,000 to nearly 200 organizations in the Thoroughbred industry over the past 17 years” said Herb Moelis, president of TCA.

TCA, the “United Way” of the Thoroughbred industry, raises funds primarily from it’s stallion season and art auction each year, which this year is scheduled for Friday, Nov. 30, at the Keeneland Entertainment Center.