About Carma

A new non-profit, charitable organization called California Retirement Management Account (CARMA) has been created to raise money for retired California racehorses. It is run by an independent board of directors, chaired by Thoroughbred owner Madeline Auerbach, and is responsible for hosting fundraising events, educating owners and trainers on equine retirement and working to unifying the industry in support of our equine athletes. In addition, CARMA has worked with the CHRB to adopt a rule change allowing for a 0.3% deduction from purses to help fund equine retirement. This deduction, one owners can opt-out of, will be used to help support equine retirement farms in California that care for and retrain retired Thoroughbred racehorses. Owners can obtain opt-out forms at any of the paymaster offices in California or at HYPERLINK "http://www.chrb.ca.gov" www.chrb.ca.gov.

CARMA was created to assist Thoroughbred retirement facilities that care for and retrain horses whose careers have ended after competing in California Thoroughbred races. It will manage a grant request process and disburse funds to qualified retirement facilities caring for such horses. A 501(c )(3) non-profit charity, CARMA is actively seeking contributions. Donations are tax deductable and may be sent to: CARMA, PO Box 1086, Sierra Madre, CA 91025-9086. (Tax ID #80-0146395).