In 1990, a small group of Mid-Atlantic Thoroughbred owners, headed by Herb and Ellen Moelis and the late 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.
Concurrently, the Thoroughbred Owners and Breeders Association (TOBA), a non-profit, trade association representing Thoroughbred owners and breeders, also hosted an annual Stallion Season Auction. It became clear that competing auctions were not in the best interests of either TCA or TOBA. In 2000, TCA and TOBA entered into an agreement to combine their respective Stallion Season Auctions with TCA assuming the naming rights of the auction. A portion of the proceeds of the annual Stallion Season Auction is provided to TOBA to replace the revenue forfeited by TOBA when the two separate auctions were combined.
In 2007, the Stallion Season Auction was moved from Middletown, Delaware to Lexington, Kentucky where it is hosted each January.
In 2008, TCA formally affiliated with 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. Additionally, TOBA provides TCA with significant administrative and general operating support.
As a direct result of the annual Stallion Season Auction, TCA has granted funds to over 200 Thoroughbred industry related non-profit organizations. The Stallion Season Auction is TCA’s largest fundraiser and is made possible by the generosity of stallion owners, sponsors and other donors.