TCA is a charitable organization that provides grants to
non-profit organizations that work toward improving the lives of Thoroughbred
racehorses and the people who work with them. TCA offers the Thoroughbred
industry and its supporters a way to give to one organization while helping
many. Take a look at the History of the Thoroughbred Charities of America.
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.