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California Retirement Management Account at a glanceAlso receives grants: funding profile →

· Public charity

California Retirement Management Account

Carma grants funds to thoroughbred retirement facilities to support the care and retraining of horses whose careers have ended.

$504k
Granted FY2024still arriving
16
Grants FY2024still arriving
6
States reached
$167k
Largest
01What it fundsRead
02The needRead
03Its granteesRead
04Its fieldRead
05Through PlinthRead
01What it funds
01100% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2024.

Animals$2.7MRecreation & Sports$264k
02FY2024 · 16 grants

Where the money goes

Grants by size, and the largest recipients.

How this is measured
The 16 grants below total $479,000, the rows itemized in this filing. The $504,000 headline is the total grant expense on the return; the other $25,000 is giving the schedule does not break out (grants under the $5,000 itemization floor, grants to individuals, grants on other schedules). Every figure below describes the itemized rows only.

By grant size · FY2024

  • Under $10k3 grants · $21k
  • $10k–50k12 grants · $291k
  • $50k–250k1 grant · $167k
$28,000
Median grant
6
States reached
$2.8M
Total assets
Largest grants
RecipientAmount
UNITED PEGASUS FOUNDATION$167,000
GEVA$45,500
REDWINGS HORSE SANCTUARY$33,000
SQUARE PEG FOUNDATION$31,000
HARMONY & HOPE HORSE HAVEN INC$30,500
WIN PLACE HOME$30,000
SANDIA CREEK RANCH AUXILARY FOUNDATION$30,000
DOWN THE STRETCH RANCH$28,000
HOPE FOR HORSES INC$18,000
CANTER CALIFORNIA$12,500
AFTER THE HOMESTRETCH$12,000
OLD FRIENDS INC$10,500
WHISPERING MEADOWS RANCH$10,000
EQUINE ENCORE FOUNDATION$8,000
REMEMBER ME RESCUE$7,000
02The need
03

Does the money reach high-need areas?

Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.

show:

Dollar for dollar, its grants (FY17–24) land where the poverty rate runs at 13%, against an area that typically sits at 10%. 79% of its dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 10%EQUINE ENCORE FOUNDATION: $50k → 15%SQUARE PEG FOUNDATION: $40k → 7%NEIGH SAVERS FOUNDATION INC: $20k → 9%GEVA: $46k → 9%SANDIA CREEK RANCH AUXILARY FOUNDATION: $30k → 11%REDWINGS HORSE SANCTUARY: $45k → 12%HOPE FOR HORSES INC: $35k → 12%HUMANITY FOR HORSES: $30k → 16%UNITED PEGASUS FOUNDATION: $167k → 18%DOWN THE STRETCH RANCH: $28k → 11%EQUINE ENCORE FOUNDATION: $30k → 15%SQUARE PEG FOUNDATION: $31k → 7%GEVA: $35k → 9%SANDIA CREEK RANCH AUXILARY FOUNDATION: $25k → 11%REDWINGS HORSE SANCTUARY: $33k → 12%HOPE FOR HORSES INC: $27k → 12%UNITED PEGASUS FOUNDATION: $165k → 18%DOWN THE STRETCH RANCH: $28k → 11%EQUINE ENCORE FOUNDATION: $25k → 15%SQUARE PEG FOUNDATION: $30k → 7%GEVA: $33k → 9%REDWINGS HORSE SANCTUARY: $32k → 12%HOPE FOR HORSES INC: $25k → 12%UNITED PEGASUS FOUNDATION: $140k → 18%DOWN THE STRETCH RANCH: $26k → 11%EQUINE ENCORE FOUNDATION: $24k → 15%SQUARE PEG FOUNDATION: $28k → 7%GEVA: $27k → 9%REDWINGS HORSE SANCTUARY: $32k → 12%HOPE FOR HORSES INC: $25k → 12%UNITED PEGASUS FOUNDATION: $93k → 18%SQUARE PEG FOUNDATION: $25k → 7%GEVA: $23k → 9%REDWINGS HORSE SANCTUARY: $30k → 12%HOPE FOR HORSES INC: $23k → 12%UNITED PEGASUS FOUNDATION: $85k → 18%SQUARE PEG FOUNDATION: $25k → 7%REDWINGS HORSE SANCTUARY: $25k → 12%UNITED PEGASUS FOUNDATION: $75k → 18%SQUARE PEG FOUNDATION: $25k → 7%REDWINGS HORSE SANCTUARY: $25k → 12%WIN PLACE HOME: $30k → 14%UNITED PEGASUS FOUNDATION: $70k → 18%SQUARE PEG FOUNDATION: $24k → 7%SOUTHERN CALIFORNIA THOROUGHBRED RESCUE: $25k → 11%WIN PLACE HOME: $30k → 14%UNITED PEGASUS FOUNDATION: $40k → 18%WIN PLACE HOME: $28k → 14%0%20%40%50%more need →
grant to an above-average-need area below average· circle size = grant amount
How this is measured
Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty line in the grantee’s ZIP, averaged from the tracts in that ZIP.
How this is measured
US grants placed by each grantee’s ZIP, which can differ from where services are delivered. Need from public data (U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA), shown as context about the area, never attributed to the funder’s giving.
03Its grantees
repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

99%of every dollar goes to organizations it has funded before.
$3.0M · 23 repeat orgs$20k to everyone else

23 repeat relationships: 16 still active in FY2024, 7 since wound down.

How the two cohorts compare

Re-uppedFunded once

Organizations

23
5

Total granted

$3.0M
$20k

Median revenue growth · since first grant

+80%
+422%

Still filing today

78%
40%

New vs renewed · share of each year

In FY2024, 100% of grant dollars renewed an existing relationship; $0 went to new ones.

50%100%’17’18’19’20’21’22’23’24
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’17’18’19’20’21’22’23’24
AnimalsHealthOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.

Backed again, and grew

  • UP
    UNITED PEGASUS FOUNDATION
    8× · 2017–2024 · $835k · revenue +78% · 28% of their budget
  • HS
    HORSEPOWER SANCTUARIES INC DBA REDWINGS HORSE SANCTUARY
    8× · 2017–2024 · $237k · revenue +80%
  • SP
    SQUARE PEG FOUNDATION
    8× · 2017–2024 · $228k · revenue +73%

Funded once

  • WR
    WHITE ROCK HORSE RESCUE
    one grant, 2017 · $10k
  • IG
    Individual grant recipient
    one grant, 2017 · $5k
  • SH
    SAVING HORSES INC
    one grant, 2017 · $2k · revenue -15%
How this is measured

Repeat means funded in two or more distinct years. Growth and survival are read from each grantee’s own subsequent IRS filings.

04Its field

Closest unfunded matches

The nonprofits that most resemble its grantees but are not funded by it, scored along the direction from the rest of the field toward the portfolio. A resemblance in what they say they do, not a recommendation.

1
Tuckers Place Equine Sanctuary

501c3 horse rescue

Animals
2
New Hope Farm Inc

Rescue and sanctuary for horses, donkeys, and mules.

—
3
Hooves of My Heart Equine Rescue Ltd
Animals
4
Epona Equine Rescue & Rehab
Animals
5
Swingin' D Horse Rescue
Animals
6
Rainfall Ranch Rescue

Equine rescue and rehabilitation

Animals
7
Red Bucket Equine Rescue
Animals
8
Lillies of the Field Equine Rescue
Animals
9
Horse Rescue

To rescue, rehab and re-home Thoroughbred horses off the track.

Animals
10
Thomas Foundation Second Chance Horse Rescue
Animals
11
Pasture Time Equine Sanctuary

Pasture time rescues unwanted equines, especially draft horses, which could be destined for slaughter. we care for these animals for the remainder of their lives.

Animals
12
For the Love of the Hoof Inc

Animal rescue, we rescue equines from the slaughter pipeline and rehibilitation

Animals
How this is measured
The grantee most central to the portfolio’s shape is Healing Arenas Inc; the most unlike its peers is Canter California. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
04the grantee network

21 grantees tracked through their own filings, 2017–2025.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2025, not grant rows in a single year, so this will not match the grant count on the cover. 21 of the 28 grantees resolved in that span have returns of their own we could reconcile.

Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

4
Load-bearing (≥25% of a budget)
14
Early backer (in before they grew)
20/21
Grantees still filing
17/21
Grew since first funded

Where the money sits, by cause and then by grantee

UNITED PEGASUS FOUNDATION: $834,500 · AnimalsUNITED PEGASUS FOUNDATIONHORSEPOWER SANCTUARIES INC DBA REDWINGS HORSE SANCTUARY: $237,000 · AnimalsHORSEPOWER SANCTUARIES INC DBA REDWINGS HORSE SANCTUARYHope for Horses Inc: $192,500 · AnimalsHope for Horses IncDale and Patti Shirley Equine Encore Foundation: $155,863 · AnimalsDale and Patti Shirley Equine Encore FoundationDown the Stretch Ranch: $136,500 · AnimalsDown the Stretch RanchWIN PLACE HOME INC: $128,000 · AnimalsWIN PLACE HOME INCHARMONY AND HOPE HORSE HAVEN INC: $126,000 · AnimalsHARMONY AND HOPE HORSE HAVEN INCAfter the Homestretch-Arizona: $86,500 · Animals+10 more: $425,000 · Animals+10 moreGEVA: $200,500 · OtherGEVASANDIA CREEK RANCH AUXILARY FOUNDATION: $108,500 · OtherSANDIA CREEK RAN…WHISPERING MEADOWS RANCH: $58,000 · OtherWHISPERING MEADO…TRANQUILITY FARM: $27,500 · OtherTRANQUILITY FARMTHOROUGHBRED REHAB CENTER INC: $17,500 · Other+4 more: $30,000 · Other+4 moreSQUARE PEG FOUNDATION: $228,000 · Health
Animals$2,321,863Other$442,000Health$228,000

Each grantee by its size and the funder’s share of it; top left is load-bearing

25%50%75%100%$100k$1.0Mgrantee revenue →↑ funder's share of their budgetUNITED PEGASUS FOUNDATION: $834,500 over 8y, 28% of budgetHORSEPOWER SANCTUARIES INC DBA REDWINGS HORSE SANCTUARY: $237,000 over 8y, 2.9% of budgetSQUARE PEG FOUNDATION: $228,000 over 8y, 4.7% of budgetHope for Horses Inc: $192,500 over 8y, 22% of budgetDale and Patti Shirley Equine Encore Foundation: $155,863 over 7y, 18% of budgetDown the Stretch Ranch: $136,500 over 8y, 14% of budgetWIN PLACE HOME INC: $128,000 over 8y, 12% of budgetHARMONY AND HOPE HORSE HAVEN INC: $126,000 over 8y, 19% of budgetAfter the Homestretch-Arizona: $86,500 over 8y, 13% of budgetOld Friends Inc: $77,000 over 7y, 1.0% of budgetCANTER CALIFORNIA: $72,000 over 8y, 30% of budgetSOUTHERN CALIFORNIA THOROUGHBRED RESCUE: $67,000 over 5y, 16% of budgetHumanity for Horses: $50,000 over 3y, 1.2% of budgetHealing Arenas Inc: $47,500 over 7y, 27% of budgetLOS ANGELES PET RESCUE: $43,500 over 4y, 4.2% of budgetFRESH START SPORT HORSES INC: $35,000 over 4y, 8.2% of budgetNEIGH SAVERS FOUNDATION INC: $30,000 over 2y, 11% of budgetTHOROUGHBRED REHAB CENTER INC: $17,500 over 2y, 31% of budgetRACEHORSE REMEMBER ME RESCUE FOUNDA: $13,000 over 2y, 3.3% of budgetSAVING HORSES INC: $2,000 over 1y, 1.7% of budgetHOOFS AND WOOFS ANIMAL RESCUE: $1,000 over 1y, 0.9% of budget
Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

  • Who funds UNITED PEGASUS FOUNDATION ↗
  • Who funds HORSEPOWER SANCTUARIES INC DBA REDWINGS HORSE SANCTUARY ↗
  • Who funds SQUARE PEG FOUNDATION ↗
  • Who funds Hope for Horses Inc ↗
  • Who funds Dale and Patti Shirley Equine Encore Foundation ↗
  • Who funds Down the Stretch Ranch ↗
  • Who funds WIN PLACE HOME INC ↗
  • Who funds HARMONY AND HOPE HORSE HAVEN INC ↗
  • Who funds After the Homestretch-Arizona ↗
  • Who funds Old Friends Inc ↗
  • Who funds CANTER CALIFORNIA ↗
  • Who funds SOUTHERN CALIFORNIA THOROUGHBRED RESCUE ↗
  • Who funds Humanity for Horses ↗
  • Who funds Healing Arenas Inc ↗
  • Who funds LOS ANGELES PET RESCUE ↗
  • Who funds FRESH START SPORT HORSES INC ↗
  • Who funds NEIGH SAVERS FOUNDATION INC ↗
  • Who funds THOROUGHBRED REHAB CENTER INC ↗
  • Who funds RACEHORSE REMEMBER ME RESCUE FOUNDA ↗
  • Who funds SAVING HORSES INC ↗
  • Who funds HOOFS AND WOOFS ANIMAL RESCUE ↗

Co-funders

Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.

Thoroughbred Aftercar…Thoroughbred Charitie…Thornton S Jr and Kat…The American Society …Churchill Downs Incor…Network for GoodPaypal Charitable Giv…Morgan Stanley Global…The Bank of America C…National Philanthropi…American Online Givin…Donor Advised Charita…
Thoroughbred Aftercare Alliance Foundati Dba Thoroughbred Aftercare AllianceKY39× affinity16 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: Thoroughbred Aftercare Alliance Foundati Dba Thoroughbred Aftercare Alliance · Thoroughbred Charities of America Inc · Thornton S Jr and Katrina D Glide Foundation · The American Society for the Prevention of Cruelty to Animals · Churchill Downs Incorporated Foundation · Network for Good · Paypal Charitable Giving Fund · Morgan Stanley Global Impact Funding Trust Inc · The Bank of America Charitable Foundation Inc · National Philanthropic Trust · American Online Giving Foundation Inc · Donor Advised Charitable Giving Inc

How this is measured
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.

How much its grantees rely on government

Each dot is one organization California Retirement Management Account funds: left to right is the share of its income from government, bottom to top the share from California Retirement Management Account. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 00%3%10%23%40%funder's share of their income ↑0%1%3%4%5%share of the org’s income from government →
    no gov moneyreceives it· size = income
    0get no government money at all
    3report government grants on their 990 we could not trace to a source (not plotted)
    0rely on government for over half their income
    ⤢ axis zoomed · 0–5%
    typical government reliance, FY20–25
    How this is measured
    Government income is each org’s traced federal awards (USASpending grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that a grant caused the public funding. Coverage is precision-first, a floor rather than a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12 to 24 months.
    05Through Plinth

    Warm introductions · Powered by PlinthPlus

    How do I get to California Retirement Management Account?

    Find your warmest path to California Retirement Management Account through trustees and officers whose names appear on both boards. Search for your organization and Plinth traces the shortest route it can evidence.

    Each link is a name appearing on two organizations’ public IRS 990 filings, matched on that name and, where the filings support it, on location. A same-state match has geographic support, which is a second matching feature rather than confirmation that the two are one person; a cross-state one is the likeliest to be two people who share a name. Every hop shows its tier, low-confidence and distant paths are held back rather than guessed, and it is worth confirming the person before you use the introduction.

    On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 28 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

    How this is measured
    Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

    Generated from the IRS Form 990 e-file return for fiscal year 2024, released 2024. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

    Source object · view filing

    Play a game based on California Retirement Management Account’s filings →

    More from the funding graph

    The unnamed billions
    grants reported with no recipient in the public record
    The regranting layer
    51% of grant dollars land in the regranting layer
    The DAF merry-go-round
    $9.7B circulates between donor-advised funds
    The endowment market
    who holds foundation money, and what just moved
    The camps
    funders cluster by geography, not ideology
    By state
    where grant money is based, and what stays home