Fasig-Tipton has announced the assignment of the day-to-day management of their wholly-owned subsidiary, Blue Horse Charities, to Thoroughbred Charities of America, (“TCA”), the charitable arm of the Thoroughbred Owners and Breeders Association (TOBA).
Blue Horse Charities was formed in 2001 to financially assist those organizations which find adoptive homes for Thoroughbreds off the racetrack. The charity is financed by buyers, sellers, consignors and Fasig-Tipton. A buyer, seller or consignor can donate one quarter of one percent of a sales activity with Fasig-Tipton, which is matched 100% by Fasig-Tipton.
Terence Collier, Director of Marketing for Fasig-Tipton, noted, “Fasig-Tipton’s new ownership group, Synergy, very willingly made a long-term commitment to continuing the good work of Blue Horse Charities. Through our past association with Herb Moelis and Liz Harris at TCA, we are delighted they will handle all aspects of our liaison with Thoroughbred adoption agencies. Fasig-Tipton will continue collections and most accounting functions, but TCA will be our link to the many wonderful organizations giving support to our retired racetrack warriors.”
“TCA is pleased to take on the management of Blue Horse Charities because it is a good fit. The Blue Horse Charities method of grant-giving is entirely sustainable and TCA’s accreditation system is stringent,” said TCA Executive Director, Liz Harris, “ensuring every dollar granted is wisely spent.”
Added Herb Moelis, President of Thoroughbred Charities of America, “I am greatly pleased that with this affiliation,
the vision of my good friend John Hettinger will be carried on for many years.”