The Thoroughbred Aftercare Alliance (TAA) announced Dec. 11 that it will award $2.4 million in grants to its 42 accredited facilities for 2014.

The grant money will be used by these organizations to assist with the management, rehabilitation, and/or adoption of former racehorses in their care.

The TAA was created in 2012, and in 2013 it awarded $1 million in grants to the 23 facilities that had been accredited.

"It’s great for the TAA to support so many worthy organizations across North America with funding that goes directly to retired racehorses," said operations consultant Stacie Clark Rogers. "The TAA’s base of funding and support has grown tremendously in 2014, with more and more people and businesses pledging their support. With 2015 on the horizon, I am hopeful and confident that the new year will bring additional support from others throughout the Thoroughbred industry