Statement of Purpose

The R.A.C.E Fund (Retirement Assistance and Care for Equines) has been established to benefit thoroughbred horses, racetrack pony horses, owners and trainers. The R.A.C.E Fund's purpose and intent is to be a retirement fund for Thoroughbred horses supported by the racing industry.

Currently, in the United States of America, a majority of horses from thoroughbred race tracks are sent to the slaughter plants when their racing days come to a close due to injury, age or non-performance. The R.A.C. E. Fund will help provide the financial means and educate others to reduce or eliminate the need for owners and trainers to send racehorses to slaughter when their racing careers have ended. The racing industry is a multi-billion dollar industry because of horses. They deserve a portion of the revenue for their well being.

It is the R.A.C.E Fund’s objective to collect from participating horsemen by the horseman's bookkeeper a percentage of the gross purse amount and any donations from other sources and place same in the R.A.C.E Fund. These fees will be tax deductible.

Monies collected will be used to pay a monthly fee towards the care of thoroughbred racehorses and racetrack pony horses that are donated to participating non-profit and qualified horse rescues until they can be adopted out to loving homes. Funds will also be used to help pay for the cost of euthanasia when necessary, emergency situations, educational programs and reasonable administrative costs. This fund will aid in helping many racehorses retire and will also help sustain horse rescue centers that can offer the horsemen assistance in placing their horses in safe and reliable organizations; and spare the horse the horrific experience of slaughter.

The value of the donated horse may be tax deductible in order to provide the owner a financial incentive to participate in this program. The R.A.C.E. Fund's intent is to provide a funding source to effectuate the saving of thoroughbred horses from slaughter and to provide revenue for their retirement. No racehorse can run forever. They need to retire too and deserve revenue from the racing industry to provide for their retirement by supporting this fund.

This plan provides relief for owners and trainers and the horses by providing the method of funding to improve the Thoroughbred Racing industry. The stigma of the current slaughter situation is a blight on a noble industry and noble steeds. They deserve better.

Goals and Objectives

• The R.A.C. E. Fund's ultimate goal is to save thoroughbred race horses and pony horses from slaughter.
• To provide funding to participating and qualified non-profit horse rescue centers so they can provide the vital services that are needed for the well being of the horses.
• Encourage owners and trainers to participate for the betterment of the racing industry as a whole and the promotion and success of the R.A.C.E Fund.
• Contributions from the purse money will provide the funding to make this program a success. Percentages collected will be distributed by the HBPA or independently through a 501(c)(3) organization.
• Offer an alternative to slaughter to the Thoroughbred Horse Racing community that is beneficial to all

Benefits of the R.A.C.E. Fund

• The R.A.C.E Fund has been established as a 501(c)(3) non profit organization and contributions are tax deductible.
• Aid in saving and preventing the slaughter of thoroughbred horses.
• To reduce stress for owners and trainers by providing them a positive alternative.
• Will encourage owners and trainers to donate their horses to rescue centers.
• Donations are tax deductible including the fair market value of the donated horse when applicable.
• The donations would provide much needed funding to horse rescue centers so they can remain open now and in the future .
• Will provide funds for the expense of euthanasia when necessary.
• Improve the integrity of racing.
• Good Public Relations for the horseman and the racing industry.
• Education of the public.