Foundations are one of the most attractive organizational structures, because all donations to the foundation are tax deductible. Also, foundations are set up with a general fund as well as specific purpose funds, so that donors can give money with the assurance that their money will be spent for the purposes it was intended. New specific funds can be added, but their monies are never commingled, which gives donors the ultimate in control over their donation. The Tennessee Walking Horse Foundation, Inc. has several funds currently set up to address the needs of the industry. The Therapeutic Riding and Driving Fund supports already established and operational non-profit therapeutic riding and driving programs.
Donors can give money or horses as donations as charitable contributions.
The Adopt a Horse Program is a fund which provides a Tennessee Walking Horse adoption program for 4-H and FFA children who are enrolled in verified equine programs. This program allows donors to donate horses which were not right for their purposes and receive a tax deduction. This provides an alternative market for the horses that invariably are not good enough for the show ring. It further serves as a marketing tool by introducing more children in the 4-H and FFA programs to Tennessee Walking Horses. Hopefully, when those children grow up, they ll carry their love of walking horses into the future and want to continue to be a part of our industry.