CARMA allocates more than $260,000 for retired horse
Dec 28th, 2009 | By adminCARMA release
At its November board meeting, the CARMA Board voted to give $264,000 to twelve different charitable organizations caring for retired California racehorses. This figure is an increase of approximately 50 percent from the amount granted in 2008, its first year of fundraising. Last year, after only 6 months of operation, CARMA was able to grant $150,450 to eight charities. The predominant source of funding is a .03 percent deduction from purses that goes directly to CARMA. Owners do…

