The objectives and purposes of the Association are:
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To develop, promote and protect Thoroughbred racing and the interests of Thoroughbred horse owners and breeders;
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To improve the conditions of racing, breeding and raising of Thoroughbred horses;
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To investigate, report and eliminate or remove in any lawful way all practices detrimental or injurious to the breeding, raising and racing of Thoroughbred horses;
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To promote and maintain mutual understanding and respect between Thoroughbred horse owners and breeders, other racing associations, the public, and all other important segments of the racing industry;
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To advise national, state and local governments on matters affecting the Thoroughbred industry;
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To educate, promote and encourage cooperative efforts among owners and breeders of Thoroughbred horses to achieve the foregoing objectives and purposes.