What does California Retirement Management Account fund?

It funds the rehabilitation, retraining, retirement, and re-homing of California-raced Thoroughbred horses. Its stated focus also includes placement services, veterinary care, layup support, and grantmaking to nonprofit aftercare organizations working with retired racehorses.

How large are its typical grants?

Typical awards cluster in the mid-five-figure range. The grant-size distribution shows p25 at $12,000, a median of $25,500, and p75 of $30,500.

Does it fund organizations outside California?

Yes, but most giving is in California. The data shows 69% of grants go to recipients in the HQ state, while recent grants also reached organizations in New Mexico, Washington, and Arizona.

Does it accept unsolicited applications?

Yes. The active grant programs listed for CARMA all indicate that they accept unsolicited applications, and the annual grant process includes application, review, and site inspection before allocation, typically in December.

Are grants usually repeated to the same organizations?

Yes. Several recipients appear across multiple years, including United Pegasus Foundation, Geva, Redwings Horse Sanctuary, Square Peg Foundation, Harmony & Hope Horse Haven Inc, and Down the Stretch Ranch, showing an ongoing funding relationship rather than one-time support.

California Retirement Management Account

Name: California Retirement Management Account — grants, 990 financials & funding data
Creator: Kindora

ActiveAnimal-Related

ARCADIA, CAWebsite6265746622

About California Retirement Management Account

The California Retirement Management Account (CARMA) provides funding for the rehabilitation, retraining and/or retirement of California-raced Thoroughbred horses and serves as an educational resource for the public and racing community.

Focus Areas

Thoroughbred retirementequine rehabilitationretraining and rehomingplacement servicesveterinary care and layup supporttherapeutic riding and community programsgrantmaking to nonprofit aftercare organizations

Who They Fund

retired Thoroughbred racehorsesex-racehorses/ex-racing industry equinesequine rescue/rehab organizations (indirect beneficiary)

Funding Style

About California Retirement Management Account

California Retirement Management Account centers its grantmaking on one narrow mission: funding the rehabilitation, retraining, and retirement of California-raced Thoroughbred horses. Its support is directed to aftercare organizations that handle the transition from racing into second careers, sanctuary, or long-term care, and it also describes an educational role for the public and racing community. Recent awards show both scale and repetition. United Pegasus Foundation received $167,000 in 2025, following $140,000 in 2024 and $165,000 in 2023, all for the retirement and rehab of Thoroughbreds. Geva has also been a repeated recipient, with $45,500 in 2025, $32,500 in 2024, and $43,000 in 2023 for the same purpose. The pattern points to sustained operating support for organizations that can absorb ongoing care costs rather than one-off project grants. Other recipients include Redwings Horse Sanctuary, Square Peg Foundation, and Win Place Home, all funded for the retirement and rehab of Thoroughbreds.

What California Retirement Management Account Funds

A central theme is direct aftercare for retired racehorses. California Retirement Management Account gave $45,000 in 2023 and $33,000 in 2025 to Redwings Horse Sanctuary for the retirement and rehab of Thoroughbreds. It also funded Geva in Glen Ellen, California, with $43,000 in 2023 and $32,500 in 2024 for the same purpose. Another cause area is retraining and transition support. In 2023, it awarded $17,000 to After the Homestretch in Glendale, Arizona, and $17,000 to Canter California in Los Gatos, California. The foundation also backs placement and post-racing pathways through groups such as Square Peg Foundation in Half Moon Bay, which received $40,000 in 2023 and $31,000 in 2025 for retirement and rehab work.

How California Retirement Management Account Gives

The grant-size distribution is relatively concentrated around mid-five-figure awards: p25 is $12,000, the median is $25,500, and p75 is $30,500. The recent record shows recurring support rather than isolated gifts, with multiple organizations appearing across 2023, 2024, and 2025. California Retirement Management Account funds operating aftercare work through annual grant programs, including CARMA Annual Grants and CARMA Aftercare Grants, and those grants are allocated once per year, typically in December, following an application, review, and site-inspection process. The organization also accepts unsolicited applications for its listed programs.

Financial Snapshot

Annual Giving

$479K

Total Assets

$2.8M

Total Revenue

$1.1M

Total Expenses

$930K

Typical Grant Size

Most grants fall between $12K and $31K, with a median of $26K.

25th Percentile

$12K

Median

$26K

75th Percentile

$31K

Geographic Reach

Regional6 states funded

Funding intensity

Low

High

Headquarters

Leadership

LUCINDA LOVITT

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Recipient	Location	Amount	Year	Purpose
UNITED PEGASUS FOUNDATION	TEHACHAPI, CA	$167,000	2025	SUPPORT THE RETIREMENT AND REHAB OF THOROUGHBREDS
GEVA	GLEN ELLEN, CA	$45,500	2025	SUPPORT THE RETIREMENT AND REHAB OF THOROUGHBREDS
REDWINGS HORSE SANCTUARY	LOCKWOOD, CA	$33,000	2025	SUPPORT THE RETIREMENT AND REHAB OF THOROUGHBREDS
SQUARE PEG FOUNDATION	HALF MOON BAY, CA	$31,000	2025	SUPPORT THE RETIREMENT AND REHAB OF THOROUGHBREDS
HARMONY & HOPE HORSE HAVEN INC	RODEO, NM	$30,500	2025	SUPPORT THE RETIREMENT AND REHAB OF THOROUGHBREDS
WIN PLACE HOME	BEVERLY HILLS, CA	$30,000	2025	SUPPORT THE RETIREMENT AND REHAB OF THOROUGHBREDS
SANDIA CREEK RANCH AUXILARY FOUNDATION	BONSAIL, CA	$30,000	2025	SUPPORT THE RETIREMENT AND REHAB OF THOROUGHBREDS
DOWN THE STRETCH RANCH	CRESTON, WA	$28,000	2025	SUPPORT THE RETIREMENT AND REHAB OF THOROUGHBREDS
HOPE FOR HORSES INC	GALT, CA	$18,000	2025	SUPPORT THE RETIREMENT AND REHAB OF THOROUGHBREDS
CANTER CALIFORNIA	LOS GATOS, CA	$12,500	2025	SUPPORT THE RETIREMENT AND REHAB OF THOROUGHBREDS
AFTER THE HOMESTRETCH	GLENDALE, AZ	$12,000	2025	SUPPORT THE RETIREMENT AND REHAB OF THOROUGHBREDS
OLD FRIENDS INC	GEORGETOWN, KY	$10,500	2025	SUPPORT THE RETIREMENT AND REHAB OF THOROUGHBREDS
WHISPERING MEADOWS RANCH	TEMECULA, CA	$10,000	2025	SUPPORT THE RETIREMENT AND REHAB OF THOROUGHBREDS
EQUINE ENCORE FOUNDATION	TUSCON, AZ	$8,000	2025	SUPPORT THE RETIREMENT AND REHAB OF THOROUGHBREDS
REMEMBER ME RESCUE	BURLESON, TX	$7,000	2025	SUPPORT THE RETIREMENT AND REHAB OF THOROUGHBREDS
HEALING ARENAS	ESCALONE, CA	$6,000	2025	SUPPORT THE RETIREMENT AND REHAB OF THOROUGHBREDS
UNITED PEGASUS FOUNDATION	TEHACHAPI, CA	$140,000	2024	SUPPORT THE RETIREMENT AND REHAB OF THOROUGHBREDS
GEVA	GLEN ELLEN, CA	$32,500	2024	SUPPORT THE RETIREMENT AND REHAB OF THOROUGHBREDS
REDWINGS HORSE SANCTUARY	LOCKWOOD, CA	$32,000	2024	SUPPORT THE RETIREMENT AND REHAB OF THOROUGHBREDS
SQUARE PEG FOUNDATION	HALF MOON BAY, CA	$30,000	2024	SUPPORT THE RETIREMENT AND REHAB OF THOROUGHBREDS
HARMONY & HOPE HORSE HAVEN INC	RODEO, NM	$28,500	2024	SUPPORT THE RETIREMENT AND REHAB OF THOROUGHBREDS
WIN PLACE HOME	BEVERLY HILLS, CA	$28,000	2024	SUPPORT THE RETIREMENT AND REHAB OF THOROUGHBREDS
DOWN THE STRETCH RANCH	CRESTON, WA	$26,000	2024	SUPPORT THE RETIREMENT AND REHAB OF THOROUGHBREDS
SANDIA CREEK RANCH AUXILARY FOUNDATION	BONSAIL, CA	$25,000	2024	SUPPORT THE RETIREMENT AND REHAB OF THOROUGHBREDS
HOPE FOR HORSES INC	GALT, CA	$22,500	2024	SUPPORT THE RETIREMENT AND REHAB OF THOROUGHBREDS
CANTER CALIFORNIA	LOS GATOS, CA	$15,000	2024	SUPPORT THE RETIREMENT AND REHAB OF THOROUGHBREDS
AFTER THE HOMESTRETCH	GLENDALE, AZ	$12,500	2024	SUPPORT THE RETIREMENT AND REHAB OF THOROUGHBREDS
FRESH START SPORT HORSES	AGUA DULCE, CA	$10,000	2024	SUPPORT THE RETIREMENT AND REHAB OF THOROUGHBREDS
OLD FRIENDS INC	GEORGETOWN, KY	$9,000	2024	SUPPORT THE RETIREMENT AND REHAB OF THOROUGHBREDS
HEALING ARENAS	ESCALONE, CA	$8,000	2024	SUPPORT THE RETIREMENT AND REHAB OF THOROUGHBREDS
WHISPERING MEADOWS RANCH	TEMECULA, CA	$8,000	2024	SUPPORT THE RETIREMENT AND REHAB OF THOROUGHBREDS
EQUINE ENCORE FOUNDATION	TUSCON, AZ	$8,000	2024	SUPPORT THE RETIREMENT AND REHAB OF THOROUGHBREDS
UNITED PEGASUS FOUNDATION	TEHACHAPI, CA	$165,000	2023	SUPPORT THE RETIREMENT AND REHAB OF THOROUGHBREDS
REDWINGS HORSE SANCTUARY	LOCKWOOD, CA	$45,000	2023	SUPPORT THE RETIREMENT AND REHAB OF THOROUGHBREDS
GEVA	GLEN ELLEN, CA	$43,000In-kind (goods, not cash)	2023	SUPPORT THE RETIREMENT AND REHAB OF THOROUGHBREDS
SQUARE PEG FOUNDATION	HALF MOON BAY, CA	$40,000	2023	SUPPORT THE RETIREMENT AND REHAB OF THOROUGHBREDS
HOPE FOR HORSES INC	GALT, CA	$35,000	2023	SUPPORT THE RETIREMENT AND REHAB OF THOROUGHBREDS
HARMONY & HOPE HORSE HAVEN INC	RODEO, NM	$30,000In-kind (goods, not cash)	2023	SUPPORT THE RETIREMENT AND REHAB OF THOROUGHBREDS
WIN PLACE HOME	BEVERLY HILLS, CA	$30,000	2023	SUPPORT THE RETIREMENT AND REHAB OF THOROUGHBREDS
SANDIA CREEK RANCH AUXILARY FOUNDATION	BONSAIL, CA	$30,000In-kind (goods, not cash)	2023	SUPPORT THE RETIREMENT AND REHAB OF THOROUGHBREDS
DOWN THE STRETCH RANCH	CRESTON, WA	$28,000	2023	SUPPORT THE RETIREMENT AND REHAB OF THOROUGHBREDS
AFTER THE HOMESTRETCH	GLENDALE, AZ	$17,000	2023	SUPPORT THE RETIREMENT AND REHAB OF THOROUGHBREDS
CANTER CALIFORNIA	LOS GATOS, CA	$17,000In-kind (goods, not cash)	2023	SUPPORT THE RETIREMENT AND REHAB OF THOROUGHBREDS
OLD FRIENDS INC	GEORGETOWN, KY	$15,000	2023	SUPPORT THE RETIREMENT AND REHAB OF THOROUGHBREDS
FRESH START SPORT HORSES	AGUA DULCE, CA	$12,000	2023	SUPPORT THE RETIREMENT AND REHAB OF THOROUGHBREDS
WHISPERING MEADOWS RANCH	TEMECULA, CA	$12,000In-kind (goods, not cash)	2023	SUPPORT THE RETIREMENT AND REHAB OF THOROUGHBREDS
HEALING ARENAS	ESCALONE, CA	$12,000	2023	SUPPORT THE RETIREMENT AND REHAB OF THOROUGHBREDS
EQUINE ENCORE FOUNDATION	TUSCON, AZ	$10,000	2023	SUPPORT THE RETIREMENT AND REHAB OF THOROUGHBREDS

Recipient

Location

Amount

Year

Purpose

UNITED PEGASUS FOUNDATION

TEHACHAPI, CA

$167,000

2025