Thoroughbred Charities of America Announces New Endowment Fund
Equestrian News Release
February 27, 2007-Thoroughbred Charities of America, ("TCA"), has announced
a gift of $250,000 from a donor who wishes to remain anonymous. The fund
will be used to create a permanent Endowment for TCA to assure future grant
giving. It will also offer donors an additional option when making
tax-deductible gifts. TCA follows a "United Way" methodology, by providing
the Thoroughbred Industry and supporters a way to give to one entity, which
TCA then distributes in annual grants to hundreds of non-profits within
their mission.
"Many of our small family-run rescue and retirement groups tell me without
TCA funding they just could not survive. This endowment will assure their
continuity" said TCA president and founder, Herb Moelis. TCA provides 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.
TCA differs significantly from most multi-million dollar fund raising
organizations by one major factor. With the exception of one paid employee,
TCA is administered entirely by unpaid volunteers, which allows us to grant
over 93 cents of every $1 raised each year.
TCA has granted more than $12 million over the past 16 years, to nearly 200
organizations in 35 states. For more information, please visit
http://www.ThoroughbredCharities.org or call 859-312-5531.
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