This paper set out to discover the ways in which the third sector affects other industries in the United States economy. The size and scope of the nonprofit sector has been thoroughly discussed, as well as its roles in the economy, especially the way it influences many underlying economic assumptions. The third sector has many features that can serve as advantages over the first and second sectors, including size constraints, freedom of direction and nonprofit goals. The third sector greatly contributes to the overall growth of the economy, serving the local communities the other sectors sometimes neglect. The “social entrepreneurs” of the third sector help to create jobs, meet the needs of the people and encourage many types of sustainability. The search for steady funding is one major an obstacle facing nonprofits; this can be overcome with carefully planned fundraising activities aimed at the philanthropic community.
Thoroughbred racing is a multi-million dollar industry that has become a staple in the United States since its introduction to the country in the 1600’s. Thousands of Thoroughbreds are fed through the racing industry every year, contributing to the unsustainable “one-way” flow of racing resources. Nonprofit organizations serving the racing industry can work to educate the public about the problems of the racing industry; this helps to hold the leaders of the racing industry accountable for their own problems.
Aside from instituting change in the racing industry, nonprofit equine retirement facilities must be able to accommodate the specific needs of Thoroughbred horses. All horses have evolved to adapt to different environments across the world. Specialized vision and hearing, unique skeletal and muscular structures and the strong herd and “flight” instincts must be taken into account when designing equine facilities. Proper ventilation and drainage techniques must be utilized to ensure the health of all horses on the facility. Suitable nutrition and preventative healthcare measure must also be taken to guarantee that the facility accommodates the needs of horses that are have escaped the slaughter houses and are awaiting their new careers as pleasure or performance horses, trail mounts or companion animals.