How did TCA develop?
In 1990, a small group of Mid-Atlantic Thoroughbred owners, headed by Herb and Ellen Moelis and the late Mrs. Allaire duPont, banded together to promote the well being of retired racehorses. A small dinner auction, featuring art and racing memorabilia, was held at the Moelis’ Candy Land Farm in Middletown, Delaware. $15,000 was raised and donated to the Thoroughbred Retirement Foundation.
The event grew annually and in 1997, when the funds raised at the Stallion Season Auction neared $1 million, Thoroughbred Charities of America was created to enable many other non-profits caring for ex-racehorses to receive grants as well.
In 2007, the Stallion Season Auction was moved from Middletown, Delaware to Lexington, Kentucky where it is hosted each winter.
In 2008, TCA formally affiliated with the Thoroughbred Owners and Breeders Association (TOBA) and is now the charitable arm of the organization. TCA’s affiliation with TOBA has allowed TCA to further expand its national reach and provides the continuity needed to carry on its mission into the future.
How are TCA grantees chosen?
Organizations seeking grants from TCA must submit a TCA grant application form, IRS 501 (c) 3 Federal Tax Exemption Letter and their most recent IRS Form 990. If the non-profit has any equines, the attending veterinarian must submit the TCA Vet Report evaluating the facility as well as a letter on their own stationary attesting to the fact they have been the attending veterinarian for the previous 12 months. All grant applications must be received between January 1 and March 15 of the application year.
The TCA Grants Committee reviews all applications and presents their grant recommendations to the TCA Board of Directors at an annual June board meeting. All grants are distributed by the end of June each year.