Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2014
Open to Public Inspection
For calendar year 2014, or tax year beginning 2014, and ending , 20
Name of foundation
THE HAROLD H BATE FOUNDATION INC
 

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 14298   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW BERN, NC28561
A Employer identification number

56-2121302
B Telephone number (see instructions)

(252) 638-1998
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$32,056,408J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach
schedule)..............  
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments 673 673  
4 Dividends and interest from securities...... 713,933 713,933  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,015,608
b Gross sales price for all assets on line 6a 26,736,136
7 Capital gain net income (from Part IV, line 2)... 2,015,608
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 481 481  
12 Total. Add lines 1 through 11........ 2,730,695 2,730,695  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 46,000 4,600   36,800
14 Other employee salaries and wages...... 43,326 0   32,495
15 Pension plans, employee benefits....... 8,700 0   6,525
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 10,201 3,468   3,366
c Other professional fees (attach schedule).... Click to see attachment 141,164 141,164   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 67,260 10,585   4,551
19 Depreciation (attach schedule) and depletion... Click to see attachment 8,893 0  
20 Occupancy.............. 2,209 0   1,657
21 Travel, conferences, and meetings....... 3,300 0   3,300
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 38,210 6,129   28,949
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 369,263 165,946   117,643
25 Contributions, gifts, grants paid........ 1,462,291 1,462,291
26 Total expenses and disbursements. Add lines 24 and 25 1,831,554 165,946   1,579,934
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 899,141
b Net investment income (if negative, enter -0-) 2,564,749
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 113,381 97,029 97,029
2 Savings and temporary cash investments.......... 1,200,112 3,286,219 3,286,219
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges........... 60,939 29,644 29,644
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 17,727,509 Click to see attachment22,052,944 23,493,678
c Investments—corporate bonds (attach schedule)........ 10,438,514 Click to see attachment5,027,267 4,885,716
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet330,975
Less: accumulated depreciation (attach schedule) bullet38,501 293,634 Click to see attachment292,474 245,855
15 Other assets (describe bullet) Click to see attachment18,999 Click to see attachment18,267 Click to see attachment18,267
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 29,853,088 30,803,844 32,056,408
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment14,395 Click to see attachment66,010
23 Total liabilities (add lines 17 through 22).......... 14,395 66,010
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted...................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 29,838,693 30,737,834
30 Total net assets or fund balances (see instructions)...... 29,838,693 30,737,834
31 Total liabilities and net assets/fund balances (see instructions).. 29,853,088 30,803,844
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 29,838,693
2 Enter amount from Part I, line 27a..................... 2 899,141
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 30,737,834
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 30,737,834
Form 990-PF (2014)
Form 990-PF (2014)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITES      
b PUBLICLY TRADED SECURITES      
c HPC BLACKROCK CL A P 2011-11-30 2014-01-31
d ACL ALTERNATIVE FUND SAC LIMITED P 2014-12-31 2014-12-31
e ACL ALTERNATIVE FUND SAC LIMITED P 2014-12-31 2014-12-31
CAPITAL GAINS DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 14,079,126   13,781,550 297,576
b 12,045,177   10,638,978 1,406,199
c 289,188   300,000 -10,812
d 117,541     117,541
e 117,541     117,541
87,563     87,563
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       297,576
b       1,406,199
c       -10,812
d       117,541
e       117,541
      87,563
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 2,015,608
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2013 1,721,952 31,001,733 0.055544
2012 1,350,028 30,741,467 0.043916
2011 1,563,556 32,248,401 0.048485
2010 1,549,932 30,120,170 0.051458
2009 1,772,600 27,760,588 0.063853
2 Total of line 1, column (d) ...................... 2 0.263256
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years. . . 		3 0.052651
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 31,367,897
5 Multiply line 4 by line 3....................... 5 1,651,551
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 25,647
7 Add lines 5 and 6......................... 7 1,677,198
8 Enter qualifying distributions from Part XII, line 4.............. 8 1,579,934
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2014)
Form 990-PF (2014)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 51,295
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 51,295
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 51,295
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 80,939
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 80,939
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 29,644
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet29,644 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNC
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.BATEFOUNDATION.ORG
    14
    The books are in care ofbulletWILLIAM O AUSTIN CPA Telephone no.bullet (252) 633-5821
    Located atbullet3105 TRENT RDNEW BERNNC ZIP+4bullet28562
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2014.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)..................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.......................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    GARY BALDREE SR BOARD MEMBER
    3.00     		9,000 0 0
    PO BOX 14298
    NEW BERN,NC28561
    DONALD BRINKLEY BOARD MEMBER
    6.00     		10,000 0 0
    PO BOX 14298
    NEW BERN,NC28561
    ROBERT MATTOCKS BOARD MEMBER
    3.00     		9,000 0 0
    PO BOX 14298
    NEW BERN,NC28561
    MARVIN MULLINIX BOARD MEMBER
    3.00     		9,000 0 0
    PO BOX 14298
    NEW BERN,NC28561
    SILAS SEYMOUR BOARD MEMBER
    3.00     		9,000 0 0
    PO BOX 14298
    NEW BERN,NC28561
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    JOYCE HENDRICKS OPERATIONS DIRECTOR
    40.00     		43,326 6,300 0
    PO BOX 14298
    NEW BERN,NC28561
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    MORGAN STANLY FINANCIAL ADVISORS INVESTMENT MANGAEMENT 141,164
    100 EUROPA DRIVE STE 201
    CHAPEL HILL,NC27517
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 8
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    31,687,551
    b
    Average of monthly cash balances.......................
    1b
    158,030
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    31,845,581
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    31,845,581
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    477,684
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    31,367,897
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,568,395
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,568,395
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    51,295
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    51,295
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,517,100
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,517,100
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    1,517,100
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    1,579,934
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,579,934
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,579,934
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2013     		(c)
    2013     		(d)
    2014
    1 Distributable amount for 2014 from Part XI, line 7 1,517,100
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 939,666
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009.......  
    b From 2010.......  
    c From 2011.......  
    d From 2012.......  
    e From 2013.......  
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 1,579,934
    a Applied to 2013, but not more than line 2a 939,666
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2014 distributable amount..... 640,268
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2014. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		876,832
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2010....  
    b Excess from 2011....  
    c Excess from 2012....  
    d Excess from 2013....  
    e Excess from 2014....  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2014, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2014 (b) 2013 (c) 2012 (d) 2011
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    THE HAROLD H BATE FOUNDATION
    PO BOX 14298
    NEW BERN,NC28561
    (252) 638-1998
    bThe form in which applications should be submitted and information and materials they should include:
    GRANT APPLICATION (FOUR PAGES) EXECUTIVE SUMMARY COPY OF IRS TAX EXEMPTION LETTER COPY OF RECENT FINANCIAL STATEMENTS AND REPORTS COPY OF RECENT FORM 990 COPY OF BUDGET FOR THE PERIOD WHICH INCLUDES THE PROPOSED PROJECT/PROGRAM FUNDED BY GRANT REQUEST LIST OF BOARD MEMBERS AND STAFF MEMBERS OF THE GRANT APPLICANT ORGANIZATION
    cAny submission deadlines:
    MAY 15 AND OCTOBER 1 OF EACH YEAR
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GRANT APPLICANTS MUST APPLY FOR PROGRAMS OR CAPITAL PROJECTS THAT SERVE THE RESIDENTS OF CRAVEN, PAMLICO AND JONES COUNTIES OR BE CONNECTED WITH EAST CAROLINA UNIVERSITY IN SERVING EASTERN NORTH CAROLINA.
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    AMERICAN HEART ASSOCIATION
    101 CENTREPORT DRIVE
    GREENSBORO,NC27409     		  PC CPR ANYTIME 10,000
    AMERICAN NATIONAL RED CROSS
    12 RUTH STREET
    JACKSONVILLE,NC28540     		  PC COMMUNITY READINESS 10,000
    BACKPACK BLESSINGS INC
    PO BOX 1675
    NEW BERN,NC28563     		  PC WEEKEND FEEDING PROGRAM 12,500
    BACKPACK BLESSINGS INC
    PO BOX 1676
    NEW BERN,NC28563     		  PC WEEKEND FEEDING PROGRAM 12,500
    CAROL S PETREA YOUTH GOLF FOUNDATION INC
    PO BOX 14701
    NEW BERN,NC28561     		  PC CHARACTER BUILDING FOR YOUTH GOLF PROGRAM. 10,000
    CATHOLIC CHARITIES
    PO BOX 826
    NEW BERN,NC28563     		  PC SENIOR PHARMACY 10,000
    CCHC FOUNDATION
    1010 MEDICAL PARK AVENUE
    NEW BERN,NC28562     		  PC SMOKING PREVENTION/CESSATION 10,000
    COASTAL CAROLINA CHAMBER MUSIC FESTIVAL INC
    PO BOX 1591
    NEW BERN,NC28563     		  PC MUSIC FESTIVAL 2,000
    COASTAL WOMEN'S SHELTER
    PO BOX 13081
    NEW BERN,NC28561     		  PC EQUIPMENT 2,592
    COASTAL WOMEN'S SHELTER
    PO BOX 13081
    NEW BERN,NC28561     		  PC VEHICLE 3,500
    COASTAL WOMEN'S SHELTER
    PO BOX 13081
    NEW BERN,NC28561     		  PC CLIENT ASSISTANCE 9,608
    COMMUNITIES IN SCHOOLS OF NORTH CAROLINA INC
    222 N PERSON STREET
    RALIEGH,NC27601     		  PC HIGH SCHOOL PROGRAMS 5,000
    COMMUNITY ARTIST WILL INC
    415 BROAD STREET
    NEW BERN,NC28560     		  PC NEW ARTIST EVENTS 8,000
    CRAVEN ARTS COUNCIL AND GALLERY INC
    PO BOX 596
    NEW BERN,NC28560     		  PC COMMUNITY ART PROJECTS. 10,000
    CRAVEN ARTS COUNCIL AND GALLERY INC
    PO BOX 596
    NEW BERN,NC28560     		  PC UNITY THROUGH ARTS PROGRAM 10,000
    CRAVEN COMMUNITY CHORUS INC
    PO BOX 13704
    NEW BERN,NC28563     		  PC SPRING CONCERT SERIES 5,600
    CRAVEN COMMUNITY COLLEGE FOUNDATION
    800 COLLEGE COURT
    NEW BERN,NC28562     		  PC SCHOLARSHIPS 47,600
    CRAVEN COMMUNITY COLLEGE FOUNDATION
    800 COLLEGE COURT
    NEW BERN,NC28562     		  PC SCHOLARSHIPS 47,600
    CRAVEN COUNTY COOPERATIVE EXTENSION
    300 INDUSTRIAL DR
    NEW BERN,NC28562     		  PC FOOD & NUTRITION PROGRAM. 3,000
    CRAVEN COUNTY PARKS AND RECREATION
    406 CRAVEN STREET
    NEW BERN,NC28560     		  PC YOUTH SUMMER PROGRAMS 31,500
    CRAVEN COUNTY PARKS AND RECREATION
    406 CRAVEN STREET
    NEW BERN,NC28560     		  PC DISC GOLF COURSE 20,000
    CRAVEN COUNTY PARTNERS IN EDUCATION INC
    3600 TRENT RD
    NEW BERN,NC28562     		  PC CAREER & TECHNICAL EDUCATION TEACHER'S WORKSHOP 250
    CRAVEN COUNTY PARTNERS IN EDUCATION INC
    3600 TRENT RD
    NEW BERN,NC28562     		  PC SCHOOL PROJECTS 22,500
    CRAVEN COUNTY PARTNERS IN EDUCATION INC
    3600 TRENT RD
    NEW BERN,NC28562     		  PC VARIOUS SCHOOLS 22,500
    CRAVEN LITERACY COUNCIL
    2507 NEUSE BLVD
    NEW BERN,NC28562     		  PC LITERACY PROGRAM 7,500
    CRAVEN SMART START INC
    2111-F NEUSE BLVD
    NEW BERN,NC28560     		  PC EXPAND RESOURCE LIBRARY 10,000
    EAST CAROLINA UNIVERSITY EDUCATIONAL FOUNDATION INC
    351 WARD SPORTS MEDICINE BUILDING
    GREENVILLE,NC27858     		  PC SPORTS FACILITY 200,000
    EAST CAROLINA UNIVERSITY EDUCATIONAL FOUNDATION INC
    805 THYME COURT
    NEW BERN,NC28562     		  PC R THRIFT MEMORIAL SCHOLARSHIP 1,000
    EAST CAROLINA UNIVERSITY FOUNDATION INC
    2200 SOUTH CHARLES BLVD
    GREENVILLE,NC27858     		  PC SCHOLARSHIPS 62,500
    EAST CAROLINA UNIVERSITY FOUNDATION INC
    2200 SOUTH CHARLES BLVD
    GREENVILLE,NC27858     		  PC BASKETBALL PRACTICE FACILITY 50,000
    EAST CAROLINA UNIVERSITY FOUNDATION INC
    2200 SOUTH CHARLES BLVD
    GREENVILLE,NC27858     		  PC PROFESSORSHIP 66,600
    EAST CAROLINA UNIVERSITY FOUNDATION INC
    2200 SOUTH CHARLES BLVD
    GREENVILLE,NC27858     		  PC PROFESSORSHIP 66,600
    EAST CAROLINA UNIVERSITY FOUNDATION INC
    2200 SOUTH CHARLES BLVD
    GREENVILLE,NC27858     		  PC SCHOLARSHIPS 62,500
    EAST CAROLINA UNIVERSITY FOUNDATION INC
    2200 SOUTH CHARLES BLVD
    GREENVILLE,NC27858     		  PC SCHOLARSHIPS 62,000
    EAST CAROLINA UNIVERSITY FOUNDATION INC
    2200 SOUTH CHARLES BLVD
    GREENVILLE,NC27858     		  PC SCHOLARSHIPS 16,000
    FOOD BANK OF CENTRAL & EASTERN NC INC
    3808 TARHEEL DRIVE
    RALEIGH,NC27609     		  PC FOOD DISTRIBUTION 7,500
    FRIENDS OF THE HAVELOCK-CRAVEN COUNTY PUBLIC LIBRARY
    301 CUNNINGHAM BLVD
    HAVELOCK,NC28532     		  PC EXPAND LIBRARY TO GO PROGRAM 8,404
    FRIENDS OF THE NEW BERN FIREMEN'S MUSEUM
    408 HANCOCK ST
    NEW BERN,NC28560     		  PC RENOVATIONS 10,000
    GIRL SCOUTS NORTH CAROLINA COASTAL PINES INC
    6901 PINECREST RD
    RALEIGH,NC27613     		  PC START-UP TROOP 2,500
    HEARTWORKS CHILDREN'S MEDICAL HOME MISSION
    PO BOX 365
    BAYBORO,NC28515     		  PC YOUTH CENTER 10,000
    HOPE CLINIC
    PO BOX 728
    BAYBORO,NC28515     		  PC INDIGENT MEDICAL CARE 10,000
    INTERFAITH REFUGEE MINISTRY INC
    1233 COLONY DRIVE
    NEW BERN,NC28562     		  PC ENGLISH LANGUAGE LEARNING 6,000
    MEDIATION CENTER OF EASTERN CAROLINA INC
    PO BOX 1184
    NEW BERN,NC28563     		  PC TEEN COURT 10,000
    MERCI CLINIC
    1315 TATUM DR
    NEW BERN,NC28560     		  PC PHARMACY ASSISTANCE PROGRAM 10,000
    MERCI CLINIC
    1315 TATUM DR
    NEW BERN,NC28560     		  PC PHARMACY ASSISTANCE PROGRAM 10,000
    MERCI CLINIC
    1315 TATUM DR
    NEW BERN,NC28560     		  PC CLINIC PERSONNEL SUPPORT AND DEVELOPMENT 10,000
    MERCI CLINIC
    1315 TATUM DR
    NEW BERN,NC28560     		  PC UNINSURED MEDICAL CARE 10,000
    MONARCH
    1308 COMMERCE DRIVE
    NEW BERN,NC28562     		  PC TECHNOLOGY. 10,000
    MONARCH
    1308 COMMERCE DRIVE
    NEW BERN,NC28562     		  PC TECHNOLOGY. 10,000
    NC UNITED METHODIST CAMP & RETREAT MINISTRIES INC
    315 CAMP DON LEE RD
    ARAPAHOE,NC28510     		  PC IMPROVEMENTS 6,500
    NC UNITED METHODIST CAMP & RETREAT MINISTRIES INC
    315 CAMP DON LEE RD
    ARAPAHOE,NC28510     		  PC CONSTRUCTION COSTS 10,000
    NEW BERN-CRAVEN COUNTY YMCA INC
    100 YMCA LANE
    NEW BERN,NC28560     		  PC SCHOLARSHIPS 25,000
    NORTH CAROLINA COASTAL FEDERATION INC
    3609 HWY 24
    NEWPORT,NC28570     		  PC ENVIRONMENTAL EDUCATION FOR YOUTH 5,000
    NORTH CAROLINA COASTAL LAND TRUST
    131 RACINE DR
    WILMINGTON,NC28403     		  PC VETERANS GARDEN 6,824
    NORTH CAROLINA SYMPHONY
    3700 GLENWOOD AVE
    RALEIGH,NC27612     		  PC CONCERT SERIES 4,000
    PAMLICO COUNTY HISTORICAL ASSOCIATION INC
    PO BOX 33
    GRANTSBORO,NC28529     		  PC TECHNOLOGY UPGRADE 6,500
    PAMLICO PARTNERSHIP FOR CHILDREN INC
    702A MAIN STREET
    BAYBORO,NC28515     		  PC COMMUNITY OUTREACH CENTER FOR FAMILIES AND CHILDREN 10,000
    PAMLICO PARTNERSHIP FOR CHILDREN INC
    702A MAIN STREET
    BAYBORO,NC28515     		  PC MUSIC PROGRAM FOR CHILDREN 10,000
    PLEASANT ACRES FREE WILL BAPTIST CHURCH
    2911 OLD CHERRY POINT RD
    NEW BERN,NC28560     		  PC HIGH SCHOOL IMPROVEMENTS 20,000
    POLLOCKSVILLE VOLUNTEER FIRE DEPARTMENT INC
    PO BOX 219
    POLLOCKSVILLE,NC28573     		  PC OPERATING EXPENSES 12,500
    POLLOCKSVILLE VOLUNTEER FIRE DEPARTMENT INC
    PO BOX 220
    POLLOCKSVILLE,NC28573     		  PC EQUIPMENT 12,500
    PROMISE PLACE
    1401 PARK AVE
    NEW BERN,NC28560     		  PC TRAUMA GROUPS 10,000
    PROMISE PLACE
    1402 PARK AVE
    NEW BERN,NC28560     		  PC TRAUMA FOCUSED THERAPY 10,000
    PUBLIC RADIO EAST FOUNDATION
    800 COLLEGE COURT
    NEW BERN,NC28562     		  PC OPERATING EXPENSES 12,500
    PUBLIC RADIO EAST FOUNDATION
    800 COLLEGE COURT
    NEW BERN,NC28562     		  PC OPERATING EXPENSES 12,500
    PUBLIC RADIO EAST FOUNDATION
    800 COLLEGE COURT
    NEW BERN,NC28562     		  PC EMERGENCY FUNDING 12,500
    PUBLIC RADIO EAST FOUNDATION
    800 COLLEGE COURT
    NEW BERN,NC28562     		  PC PROGRAM FUNDING 12,500
    RELIGIOUS COMMUNITY SERVICES
    PO BOX 704
    NEW BERN,NC28563     		  PC RENT & UTILITY ASSISTANCE 12,500
    RELIGIOUS COMMUNITY SERVICES
    PO BOX 704
    NEW BERN,NC28563     		  PC UTILITIES 10,613
    RELIGIOUS COMMUNITY SERVICES
    PO BOX 704
    NEW BERN,NC28563     		  PC RENT & UTILITY ASSISTANCE 12,500
    REVIVING LIVES MINISTRIES OF NEW BERN INC
    PO BOX 98
    NEW BERN,NC28560     		  PC REHAB PROGRAMS 5,000
    REVIVING LIVES MINISTRIES OF NEW BERN INC
    PO BOX 98
    NEW BERN,NC28560     		  PC EQUIPMENT 3,500
    REVIVING LIVES MINISTRIES OF NEW BERN INC
    PO BOX 98
    NEW BERN,NC28560     		  PC 12 STEP RECOVERY PROGRAM 5,000
    SOUTHERN GENTLEMEN CHORUS
    2214 CARACARA DRIVE
    NEW BERN,NC28560     		  PC YOUTH IN HARMONY PROGRAM 2,000
    SPECIAL OLYMPICS INC
    2200 GATEWAY CENTRE BLVD
    MORRISVILLE,NC27560     		  PC COMMUNITY OUTREACH 7,500
    SWISS BEAR DOWNTOWN DEVELOPMENT CORPORATION
    316 S FRONT ST
    NEW BERN,NC28560     		  PC CITY PARK 10,000
    THE NEW BERN HISTORICAL SOCIETY FOUNDATION INC
    511 BROAD STREET
    NEW BERN,NC28560     		  PC ORIENTATION PLAZA 13,500
    THE SALVATION ARMY
    535 BELL FORK ROAD
    JACKSONVILLE,NC28540     		  PC MAYSVILLE ASSITANCE CENTER 10,000
    THE SALVATION ARMY
    PO DRAWER E
    NEW BERN,NC28563     		  PC VARIOUS PROGRAMS 8,000
    THE SALVATION ARMY
    PO DRAWER E
    NEW BERN,NC28563     		  PC FOOD PANTRY 8,000
    THE SHRINERS HOSPITAL FOR CHILDREN
    PO DRAWER 490
    NEW BERN,NC28563     		  PC HOSPITAL FUND 10,000
    TOWN OF DOVER
    105 N MAIN ST
    DOVER,NC28526     		  PC WALKING TRAIL 10,000
    TOWN OF MAYSVILLE
    404 MAIN STREET
    MAYSVILLE,NC28555     		  PC FROST PARK IMPROVEMENTS 16,000
    TOWN OF MAYSVILLE
    404 MAIN STREET
    MAYSVILLE,NC28555     		  PC FROST PARK IMPROVEMENTS 24,000
    TRYON PALACE COUNCIL OF FRIENDS INC
    PO BOX 1007
    NEW BERN,NC28563     		  PC AFRICAN AMERICAN LECTURE SERIES 12,500
    TRYON PALACE COUNCIL OF FRIENDS INC
    PO BOX 1007
    NEW BERN,NC28563     		  PC COMMUNITY OUTREACH PROGRAMS 12,500
    YMCA OF THE TRIANGLE AREA
    801 CORPORATE CENTER DR
    RALEIGH,NC27607     		  PC YOUTH OUTREACH PROGRAMS IN PAMLICO COUNTY. 7,500
    YMCA OF THE TRIANGLE AREA
    801 CORPORATE CENTER DR
    RALEIGH,NC27607     		  PC PAMLICO COUNTY OUTREACH 7,500
    Total .................................bullet 3a 1,462,291
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		    14 673  
    4 Dividends and interest from securities....     14 713,933  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....     14 481  
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 2,015,608  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 2,730,695 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    132,730,695
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2014)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2014 AccountingFeesSchedule
    Name:
    THE HAROLD H BATE FOUNDATION INC
    EIN: 56-2121302
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL & ACCOUNTING 10,201 3,468   3,366

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    TY 2014 AmortizationSchedule
    Name:
    THE HAROLD H BATE FOUNDATION INC
    EIN: 56-2121302
    Description of Amortized Expenses Date Acquired, Completed, or Expended Amount Amortized Deduction for Prior Years Amortization Method Current Year Amortization Net Investment Income Adjusted Net Income Total Amount of Amortization
    GRANT ADM SOFTWARE 2014-09-23 8,000   36.000000000000 889 0   889

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    TY 2014 DepreciationSchedule
    Name:
    THE HAROLD H BATE FOUNDATION INC
    EIN: 56-2121302
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    COPIER 2001-01-01 6,466 6,466 200DB 5.000000000000 0 0    
    COMPUTER 2004-12-31 1,721 1,721 ADS 5.000000000000 0 0    
    OFFICE FURNITURE - BRANCH'S 2006-08-14 4,599 4,599 SL 7.000000000000 0 0    
    DELL COMPUTER 2007-10-04 2,236 2,236 SL 5.000000000000 0 0    
    PRINTER 2007-03-05 696 696 SL 5.000000000000 0 0    
    LATERAL FILE 2007-03-17 587 566 SL 7.000000000000 21 0    
    OIL PAINTING 2007-04-16 5,000   NC 0 % 0 0    
    DESK 2007-10-01 1,046 934 SL 7.000000000000 112 0    
    OFFICE CHAIR 2008-08-01 192 148 SL 7.000000000000 27 0    
    OFFICE FURNITURE 2009-07-13 3,032 1,949 SL 7.000000000000 433 0    
    EQUIPMENT 2009-08-19 1,000 619 SL 7.000000000000 143 0    
    SIGN 2009-03-02 776 750 SL 5.000000000000 26 0    
    ART WORK 2010-05-18 974 349 SL 10.000000000000 97 0    
    PRINTER 2010-08-02 288 99 SL 10.000000000000 29 0    
    OFFICE FURNITURE 2013-02-26 2,154 180 SL 10.000000000000 215 0    
    SIGN 2013-02-26 811 135 SL 5.000000000000 162 0    
    OFFICE FURNITURE 2013-06-14 1,280 75 SL 10.000000000000 128 0    
    OFFICE EQUIPMENT 2013-08-20 534 18 SL 10.000000000000 53 0    
    BUILDING 2013-01-02 236,324 6,060 SL 39.000000000000 6,060 0    
    BUILDING IMPROVEMENTS 2013-03-01 52,385 1,119 SL 39.000000000000 1,343 0    
    DELL LAPTOP 2014-09-16 874   SL 5.000000000000 44 0    

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    THE HAROLD H BATE FOUNDATION INC
    EIN: 56-2121302
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ISHARES 20+ YR TREASU BOND ETF 323,879 350,687
    ISHARES TIPS BOND ETF 323,856 315,868
    VANGUARD SHORT-TERM CORPORATE 648,050 642,773
    ABERDEEN GLB HIGH INC I 338,485 309,264
    COLUMBIA EMERG MKTS BOND Z 328,527 302,539
    DELAWARE CORPORATE BOND INST 669,335 644,732
    JOHN HANCOCK BOND I 330,230 325,425
    LORD ABBETT SHT DURATION INC F 1,007,691 970,793
    PIONEER GLOBAL HIGH YIELD Y 330,260 303,617
    TCW TOTAL RETURN BOND I 322,168 329,026
    TEMPLETON GLOBAL BD FD ADV 329,975 316,330
    PUTNAM SHORTH DURATION INCOME A 74,811 74,662

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    THE HAROLD H BATE FOUNDATION INC
    EIN: 56-2121302
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ISHARES MSCI EMERGING MARKETS ETF 1,399,790 1,319,908
    ISHARES MSCI JAPAN ETF 767,857 758,970
    ISHARES MSCI PAC EX-JPN ETF 411,332 367,598
    ISHARES S&P 500 GRWTH ETF 1,053,432 1,411,405
    ISHARES S&P 500 VAL ETF 849,059 1,009,528
    ISHARES S&P MID-CAP 400 G ETF 357,125 432,067
    ISHARES S&P MID-CAP 400 V ETF 380,788 429,253
    ISHARES S&P SMLL-CAP 600 V ETF 184,303 234,347
    ISHARES SMALL CAP 600 G ETF 189,069 235,234
    VANGUARD EUROPEAN MSCI ETF 1,516,797 1,546,252
    WISDOMTREE TRUST JAPN HEDGE EQ 809,191 855,519
    ALKEON GROWTH OFFSHORE LTD 1,100,000 1,145,995
    AURORA OFFSHORE FD LTD II CL R 650,000 764,053
    HPC MILLENNIUM INTL LTD CL A 550,000 699,833
    HPC OZ DP II FD I CL A 400,000 511,083
    HPC STARBOARD VALUE LTD CL A 450,000 646,673
    SKYBRIDGE MULTI-ADSR HF SER G 890,250 1,077,873
    AIP STRAT OPP FD I OFFSHORE 194,715 221,408
    BLACKSTONE EP II OFFSHORE 12,500 12,500
    CARLYLE GMS FINANCE - PLACEMENT 150,902 153,229
    GS VINTAGE VI OFFSHORE 197,296 226,724
    MS CREDIT PRNT II OFFSH PLACE 35,681 36,071
    MS PMF V CAYMAN LP 314,742 326,783
    AIP PHOENIX GLOBAL RE FD OFF 187,841 185,633
    ETFS PALLADIUM TRUST 71,118 79,505
    ETFS PLATINUM TRUST 88,358 66,367
    FIRST TRUST NORTH AMERICAN E 139,577 140,074
    ISHARES SILVER SHARES 212,697 125,179
    SPDR GOLD TR GOLD SHS 367,526 283,836
    DEUTSCHE ENAHNCED COMM STRAT S 140,394 138,879
    MAINSTAY CUSHING MLP PREMIER I 484,982 459,302
    NUVEEN REAL ESTATE SEC FUND I 312,635 369,394
    PRUDENTIAL GLB REAL ESTATE Z 113,309 131,320
    REMS REAL EST VAL OPPORT INST 320,867 421,389
    TORTOISE MLP & PIPELINE INST 279,171 281,045
    VOYA GLOBAL REAL ESTATE I 114,558 131,009
    ACL ALT LTD USD A 790,652 796,633
    BP PLC ADS 458,198 392,636
    DELUXE CORPORATION 392,614 423,300
    DISCOVER FINCL SVCS 445,980 451,881
    DOLLAR TREE INC. 56,766 70,380
    EMC CORP MASS 458,568 463,944
    HOLLYFRONTIER CORP COM 382,764 322,328
    HORMEL FOODS CORPORATION 456,711 437,640
    JPMORGAN CHASE & CO 528,227 531,930
    MASTERCARD INC CL A 465,380 473,880
    MICROSOFT CORP 455,080 441,275
    MOODYS CORP 74,735 76,648
    PFIZER INC 471,138 476,595
    PHILIP MORRIS INTL INC 460,171 431,685
    STARBUCKS CORP WASHINGTON 458,098 467,685

    TY 2014 LandEtcSchedule2
    Name:
    THE HAROLD H BATE FOUNDATION INC
    EIN: 56-2121302
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    COPIER 6,466 6,466 0  
    COMPUTER 1,721 1,721 0  
    OFFICE FURNITURE - BRANCH'S 4,599 4,599 0  
    DELL COMPUTER 2,236 2,236 0  
    PRINTER 696 696 0  
    LATERAL FILE 587 587 0  
    OIL PAINTING 5,000 0 5,000  
    DESK 1,046 1,046 0  
    OFFICE CHAIR 192 175 17  
    OFFICE FURNITURE 3,032 2,382 650  
    EQUIPMENT 1,000 762 238  
    SIGN 776 776 0  
    ART WORK 974 446 528  
    PRINTER 288 128 160  
    OFFICE FURNITURE 2,154 395 1,759  
    SIGN 811 297 514  
    OFFICE FURNITURE 1,280 203 1,077  
    OFFICE EQUIPMENT 534 71 463  
    BUILDING 236,324 12,120 224,204  
    BUILDING IMPROVEMENTS 52,385 2,462 49,923  
    DELL LAPTOP 874 44 830  
    GRANT ADM SOFTWARE 8,000 889 7,111  


    TY 2014 OtherAssetsSchedule
    Name:
    THE HAROLD H BATE FOUNDATION INC
    EIN: 56-2121302
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACL DEPRECIATION DEPOSIT 18,799 18,267 18,267
    SECURITY DEPOSIT 200    


    TY 2014 OtherExpensesSchedule
    Name:
    THE HAROLD H BATE FOUNDATION INC
    EIN: 56-2121302
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DUES & SUBSCRIPTIONS 2,511 0   2,511
    INSURANCE 3,453 345   2,762
    PUBLIC RELATIONS 14,762 0   14,762
    CONTRACT LABOR 1,300 0   1,300
    OFFICE EXP 8,647 0   6,918
    INVESTMENT EXPENSES 5,784 5,784   0
    REPAIRS & MAINTENANCE 839 0   671
    EQUIPMENT RENTAL 25 0   25
    AMORTIZATION 889 0   0


    TY 2014 OtherIncomeSchedule2
    Name:
    THE HAROLD H BATE FOUNDATION INC
    EIN: 56-2121302
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INVERSTMENT INCOME 481 481 481


    TY 2014 OtherLiabilitiesSchedule
    Name:
    THE HAROLD H BATE FOUNDATION INC
    EIN: 56-2121302
    Description Beginning of Year - Book Value End of Year - Book Value
    PAYROLL LIABILITIES 1,414 1,414
    CALLS 12,981 64,596


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    THE HAROLD H BATE FOUNDATION INC
    EIN: 56-2121302
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 141,164 141,164   0


    TY 2014 TaxesSchedule
    Name:
    THE HAROLD H BATE FOUNDATION INC
    EIN: 56-2121302
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 51,295 0   0
    FOREIGN TAXES 10,585 10,585   0
    PROPERTY TAXES 2,065 0   2,065
    PAYROLL TAXES 3,315 0   2,486