updated: 2/12/2013 7:46:27 AM

CARA Charities Shutting Down

InsideINdianaBusiness.com Report

A longtime Indianapolis-based racing industry charity has closed. CARA Charities announced on its Facebook page it has ended operations after more than 30 years.

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The organization says it has raised more than $4 million during that time.

Championship Auto Racing Auxiliary has supported several children's hospitals, scholarship funds, ministries and foundations.

February 11, 2013

Statement From CARA Charities on Its Facebook Page

"It is with a sad heart that we announced that CARA Charities is shutting down today. This was an extremely difficult decision, but despite having passionate supporters, we are unable to generate the financial means necessary to sustain our levels of donation.

We are extremely thankful that the role that so many of you have played to donate $4 million dollars over the years. Thank you to everyone who has been a part of it."

Source: CARA Charities

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