Thoroughbred Owners and Breeders Association

The Thoroughbred Owners and Breeders Association (TOBA) is an American trade organization for Thoroughbred racehorse owners and breeders, which is based in Lexington, Kentucky. Founded in 1961, TOBA's stated mission is to "improve the economics, integrity and pleasure of the sport on behalf of Thoroughbred owners and breeders." Through its American Graded Stakes Committee, TOBA is responsible for annually evaluating and setting a Graded stakes race designation for races in the United States whose recent editions have consistently represented the highest quality competition.

Source: Wikipedia — Thoroughbred Owners and Breeders Association (CC BY-SA 4.0)