What is
The Lippitt Morgan Breeders' Association
all about?
The purpose of this association is to preserve and promote the original Lippitt Morgan horse as defined in "What is a Lippitt?", and to better the conditions of those engaged in the breeding and care of the Lippitt Morgan horse. The Association is organized and shall be operated exclusively for agricultural purpose within the meaning of section 501(c) (5) of the Internal Revenue Code.
Donations to the LMBA, such as to our stallion service auction, may be deducible on your Federal Income Tax Return.
Regardig 501(c)(5), from the IRS website:
IRS website
"Contributions to labor, agricultural, and
horticultural organizations are not deductible as charitable
contributions on the donor's federal income tax return. However, such
payments may be deductible as business expenses if they are ordinary and
necessary in the conduct of the taxpayer's trade or business."
If your breeding program or farm operates as a business then your donation may be deductible.
Donors will receive a letter of confirmation of donation for tax filing purposes.
Also from the IRS website, some examples of the activities engaged in by 501(c)(5) entites include:
- Promoting various cooperative agricultural, horticultural, and civic
activities among rural residents by a state and county farm and home
bureau.
- Exhibiting livestock, farm products, and other characteristic
features of agriculture and horticulture.
- Guarding the purity of a specific breed of livestock.
Additional Tax Info for the Stallion Service Auction
The Lippitt or Lippitt Morgan (the two expressions are synonymous) is defined by the complete derivation of its blood from the foundation horses (see "What is a Lippitt?")
The purpose of the Lippitt Morgan Breeders' Association (LMBA) shall be implemented by the following instruments:
A registry of all horses tracing totally to the above mentioned Foundation Stock. It is the intent of the Association to maintain a complete registry of Lippitt Morgans. For Lippitt Morgans foaled prior to 1980, the Association's registry is based upon information contain in "The Lippitt Register" (editions 1 & 2) authored by Kenneth A. Telford. The Associations' registry shall be updated based upon registrations and transfers of ownership's previously filed with the American Morgan Horse Association (AMHA) or any other Morgan Horse Association that is reciprocal with the AMHA in their standards for registering and blood testing. The Association's Register will be published periodically as designated by the registrar and the Board of Directors.
The publication of a periodical to be called The Lippitt Morgan Breeders' Guide and Bulletin, devoted to the education of the membership, and any other interested parties, concerning the history of the Lippitt Morgan, the true history of the Morgan generally, the promulgation of the Standard of Excellence as stated in article XII of the by-laws, and sound procedures of equine management and training, as well as the encouragement in the membership of the will and ability to promote the purpose of the Association.
Read the Full Text of the By-Laws HERE
The LMBA, being concerned with the future of the Lippitt, is pledged to aid those engaged in breeding and marketing only the Lippitt. The aim is to encourage cooperation between breeders in the interests of the Lippitt Morgan.
The LMBA encourages the breeding of Lippitt stallions to Lippitt mares, however, breeding Lippitt stallions to non Lippitt mares is nontheless viewed as improving the mares' Morgan inheritance. Outcrossing Lippitt mares to non-Lippitt stallions is discouraged.
This website, Registration Certificates for your Lippitt Morgan, a bi-monthly Guide & Bulletin, discounts on ads placed in the Morgan Horse Magazine, and the cooperation of fellow Lippitt breeders in the sales and promotion of Lippitts are just a few of the benefits enjoyed by members of the LMBA. For an official copy of the By-Laws and information packet for the Lippitt Morgan Breeders' Association, please contact the LMBA via e mail or direct inquiries to
the Association Secretary.
The Lippitt Morgan Breeders' Association is a National Service Organization of the American Morgan Horse Association.
Membership Application
LMBA Registration Certificate
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