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$US5m bequest for US equestrian sport

November 13, 2010

The United States Equestrian Team Foundation has received a $US5 million endowment bequest from a Florida couple who describe themselves as horse lovers.


George Morris, Jane Forbes Clark, Arle Adams, and Ken Adams. © Kenneth Kraus/PhelpsSports.com
The endowment bequest, from Ken and Arle Adams of Wellington, Florida, will mark the creation of the Ken and Arle Adams International Competition and Training Grant Fund. Providing an annual grant, the fund will add supplemental funding to the three Olympic discipline's High Performance programs: dressage, eventing, and show jumping. These funds further augment the international competition and training plans that repeatedly generate Olympic and World Championship medal winning performances.

"This extraordinary gift will be the largest gift ever made to the USET Foundation, and the Foundation is so grateful to Ken and Arle for their generosity," said Jane Forbes Clark, USET Foundation President and CEO. "Leaving a dynamic legacy that will forever bear their name, the Adams' gift will be a determining factor in this country's ability to medal consistently in international championships in the future."

The Adams wanted to be able to give back and contribute to the sport that has brought them so much happiness over the years. Former CEO of True Value Hardware, Ken Adams has been an equestrian enthusiast his entire life, from playing polo to fox hunting, his involvement in the sport has been substantial.

"Arle and I have owned and loved horses for over seven decades," he said. "It is exciting to envision the world's best two and four legged equestrian athletes receiving their medal around the world, under a flag that says, 'Made in America.'"

"We have also been deeply involved with the Village of Wellington, Florida, since its inception. While its current Equestrian activities have surpassed all former expectations, we believe the potential for further 'World Class' activity is huge! Toward that end we have provided incentives to the USET Foundation should they decide to expand their activities in Wellington."

Jane Forbes Clark said more donations had been received in recent years through planned giving.

"Planned giving serves as a critical means to attain the funds necessary for international success and building for the future. The benefits of this type of donation are apparent," she said.

"Planned giving will undoubtedly continue to be an integral part of the USET Foundation's efforts to meet our fundraising goals."

 

 

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