AQHA Incentive Fund Awards Nearly $3.6 Million
Equestrian News Release
The American Quarter Horse Association (AQHA) will pay $3,559,760 of Incentive Fund money for the 2006 show season. Nearly 10,000 checks were mailed to recipients of Incentive Fund nominated horses. In 2006, nearly 7,000 foals and 3,000 stallions were nominated into the program. Enrolled horses earned 134,380 points during the year, and the top horse earned 805.5 points.
The Incentive Fund is a multimillion-dollar program involving stallion and foal nominations with paybacks to the stallion nominators, foal nominators and owners of the competing horses. The program is owned, managed and operated by AQHA. The Incentive Fund utilizes AQHA-approved show points to determine paybacks. Each point earned at an AQHA-approved show in the open or amateur division by an Incentive Fund nominated horse is worth a specific amount.
At the end of every show year, the total number of points earned by Incentive Fund horses is divided by the total amount of money in the fund for that year. This establishes the dollar value for each point. For 2006, the value of each point was $26.49. The payout amount is determined by multiplying the value of each point by the number of points earned by a nominated horse.
The Incentive Fund pays 10 percent to the nominator of the sire, 10 percent to the nominator of the foal and 80 percent to the owner of the horse. The owner portion is paid to whoever owns the horse at the time the points are earned. Thus, there may be more than one owner check for some horses.
Courtesy: The HorseTV Channel News, http://www.horsetv.com
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