International Brangus Breeders Foundation will Secure Role in Beef Cattle Industry and Benefit Brangus Producers
The International Brangus Breeders Foundation (IBBF) was established in 2014 under the laws of the State of Texas as a 501(c)(3) not-for-profit organization to fund and support programs involving research, education and youth in the Brangus breed. Upon assuming the role as IBBA’s Executive Vice President in 2013, Dr. Tommy Perkins proposed the need to form a foundation, which would lead to valuable research, supplementary educational resources, and tax-deductible donations for Brangus youth scholarships. Understanding the importance of Perkins’ vision, Brandon Belt embraced the challenge and completed the necessary steps to establish the formation of the IBBF.
The purpose of the IBBF is to fund research initiatives to advance the livestock industry while benefiting Brangus breeders and other beef producers today and in the future, as well as educating the beef cattle industry about Brangus attributes and production practices. The foundation will also provide youth opportunities to become leaders for the future of the Brangus breed and the agriculture industry.
One of IBBA’s primary objectives is to help fund research efforts, benefiting Brangus breeders. Research results will be used to enhance the overall marketability of Brangus genetics, validating the role Brangus genetics have in the future of the beef cattle industry from the producer to the consumer. Funding university research will define the excellence in feed efficiency and tenderness attributes of Brangus cattle and is critical for continued advancement of the breed.
The foundation will also provide educational opportunities at all membership levels to encourage and promote improved leadership for the future of the Brangus breed. Increasing educational events will aid members in improved beef cattle knowledge to advance the breed in the future. The IBBF will educate breeders through “town hall” style meetings and field days for improved knowledge of association programs and other components of beef cattle management such as genomics, animal breeding, reproduction, marketing, and carcass attributes.
Funding from the foundation will also benefit youth by offering scholarships, supporting junior educational programs, and other activities of the national junior show. These scholastic opportunities will encourage continued education and leadership successes for many young Brangus enthusiasts.
Fundraising will be essential to fulfill the foundation’s purpose. IBBF will promote and encourage giving of personal and financial resources from Brangus breeders. Additionally, other facets of the beef industry and other friends of the breed will be afforded gifting opportunities to meet the goals and objectives of the foundation. All cash donations will be accepted as well as other financial contributions such as personal property (e.g. livestock, semen, and land). Other planned gifting donations as a part of financial and/or estate planning will be possible. For example, a donor may give future interest of a life insurance policy, personal property, or real estate effective upon death.
The IBBF was formed and exists exclusively for one or more of the purposes as specified in Section 501(c)(3) of the Internal Revenue Code of 1986, and shall not carry on any activities not permitted to be carried on by an organization exempt from Federal income tax under IRC 501(c)(3) or corresponding provisions of any subsequent tax laws.