In 1990 Herb and Ellen Moelis, together with their good friend, the late Allaire DuPont, decided that horses who did not go on to be premier stallions or broodmares needed aftercare when their racing career ended. This gave rise to the concept of horses helping horses by raising funds through a Stallion Season auction. Simply, we would secure breeding rights for successful stallions and apply the proceeds to help the less fortunate thoroughbreds.
The first Stallion Season auction was held at the home of the Moelis’ at Candyland Farm in Middletown, Delaware. The food was homemade and the auction was attended by 20 horse lovers and raised $15,000. This was the birth of the premier thoroughbred charity, Thoroughbred Charities of America (“TCA”). After more than 20 years, TCA has distributed close to $20 million to over 200 horse-related charities.
In February, 2007, certain TCA Directors, Herb and Ellen Moelis, Jim Orsini DVM, Gretchen Jackson, Betty Moran, and Kathleen Crompton joined with Toni Orsini and Roy Jackson to establish an endowment to support the charitable needs of worthy education and research organizations in the Mid-Atlantic region. Later, TCA Directors Amy Adkins and Dan Rosenberg joined the Board of Trustees of the endowment.
The trustees of the endowment expanded the concept of the TCA Endowment to provide focused funding for equine education and research. In 2012 the name of the endowment was changed to Thoroughbred Education and Research Foundation (“TERF”) to better describe the mission and vision.
Scholarships for veterinary students have been granted to schools and colleges of veterinary medicine for students committed to pursue a professional career in equine medicine and surgery at the University of Pennsylvania and Cornell University. Other vet schools in the Mid-Atlantic are invited to apply for similar scholarships. Grants have also been provided for equine education organizations, including Equine Advocates, Days End Horse Rescue, Retired Racehorse Training Project (RRTP), and The Laminitis Conference.