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
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015
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:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$30,424,289J Accounting method:
 
(Part I, column (d) must be on cash basis.)
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 842 842  
4 Dividends and interest from securities... 557,519 557,519  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 478,634
b Gross sales price for all assets on line 6a 24,150,077
7 Capital gain net income (from Part IV, line 2)... 478,634
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 11,408 11,408  
12 Total. Add lines 1 through 11........ 1,048,403 1,048,403  
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 11,748 3,877   3,994
c Other professional fees (attach schedule).... Click to see attachment 92,604 92,604   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 21,473 7,235   4,034
19 Depreciation (attach schedule) and depletion... Click to see attachment 8,900 0  
20 Occupancy.............. 3,161 0   2,371
21 Travel, conferences, and meetings....... 3,234 0   1,617
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 90,460 49,634   34,878
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 329,606 157,950   122,714
25 Contributions, gifts, grants paid....... 1,641,783 1,641,783
26 Total expenses and disbursements. Add lines 24 and 25 1,971,389 157,950   1,764,497
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -922,986
b Net investment income (if negative, enter -0-) 890,453
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
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............. 97,029 467,836 467,836
2 Savings and temporary cash investments......... 3,286,219 2,577,830 2,577,830
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.......... 29,644 20,785 20,785
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 22,052,944 Click to see attachment14,729,368 14,508,525
c Investments—corporate bonds (attach schedule)....... 5,027,267 Click to see attachment5,301,162 5,051,518
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 0 Click to see attachment6,467,851 7,514,596
14 Land, buildings, and equipment: basis bullet333,337
Less: accumulated depreciation (attach schedule) bullet50,068 292,474 Click to see attachment283,269 264,932
15 Other assets (describe bullet) Click to see attachment18,267 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) 30,803,844 29,866,368 30,424,289
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 attachment66,010 Click to see attachment51,520
23 Total liabilities (add lines 17 through 22)......... 66,010 51,520
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 30,737,834 29,814,848
30 Total net assets or fund balances (see instructions)..... 30,737,834 29,814,848
31 Total liabilities and net assets/fund balances (see instructions). 30,803,844 29,866,368
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
30,737,834
2
Enter amount from Part I, line 27a .....................
2
-922,986
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
29,814,848
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
29,814,848
Form 990-PF (2015)
Form 990-PF (2015)
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 SECURITIES      
b PUBLICLY TRADED SECURITIES      
c ACL ALTERNATIVE FUND SAC P 2015-12-31 2015-12-31
d   P 2015-12-31 2015-12-31
e 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 14,363,124   14,321,139 41,985
b 9,689,213   9,350,304 338,909
c 16,721     16,721
d 11,503     11,503
e 69,516     69,516
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       41,985
b       338,909
c       16,721
d       11,503
e       69,516
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 2 478,634
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))
2014 1,579,934 31,367,897 0.050368
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
2
Total of line 1, column (d) .....................
20.249771
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
0.049954
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
30,696,081
5
Multiply line 4 by line 3......................
5
1,533,392
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
8,905
7
Add lines 5 and 6........................
7
1,542,297
8
Enter qualifying distributions from Part XII, line 4.............
8
1,764,497
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 (2015)
Form 990-PF (2015)
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 Bullet and enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 8,905
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 8,905
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 8,905
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 29,644
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 29,644
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 20,739
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet20,739 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 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    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 2015, 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  
    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 2015?.............
    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 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    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 2015 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 2015.)..................
    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 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    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 (2015)
    Form 990-PF (2015)
    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 92,604
    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  
    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
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    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
    31,032,551
    b
    Average of monthly cash balances.......................
    1b
    130,983
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    31,163,534
    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
    31,163,534
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    467,453
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    30,696,081
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,534,804
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    1,534,804
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    8,905
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    8,905
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,525,899
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,525,899
    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
    1,525,899
    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
    1,764,497
    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
    1,764,497
    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
    8,905
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,755,592
    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 (2015)
    Form 990-PF (2015)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2014     		(c)
    2014     		(d)
    2015
    1 Distributable amount for 2015 from Part XI, line 7 1,525,899
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 876,832
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 1,764,497
    a Applied to 2014, but not more than line 2a 876,832
    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 2015 distributable amount..... 887,665
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2015. 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 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		638,234
    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 2010 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015....  
    Form 990-PF (2015)
    Form 990-PF (2015)
    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 2015, 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) 2015 (b) 2014 (c) 2013 (d) 2012
             
    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 (2015)
    Form 990-PF (2015)
    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 NATIONAL RED CROSS
    12 RUTH STREET
    JACKSONVILLE,NC28540     		    COMMUNITY READINESS 10,000
    ARTS TO END GENOCIDE
    1620 OLD CHERRY POINT RD
    NEW BERN,NC28560     		    SHOE KITS 3,600
    BACKPACK BLESSINGS INC
    PO BOX 1675
    NEW BERN,NC28563     		    WEEKEND FEEDING PROGRAM 15,000
    BACKPACK BLESSINGS INC
    PO BOX 1676
    NEW BERN,NC28563     		    WEEKEND FEEDING PROGRAM 15,000
    BOYS & GIRLS CLUB OF COASTAL CAROLINA
    PO BOX 1515
    MOREHEAD CITY,NC28557     		    HVLK CLUB 10,000
    BOYS & GIRLS CLUB OF COASTAL CAROLINA
    PO BOX 1515
    MOREHEAD CITY,NC28557     		    NEW BERN CLUB 15,000
    BOYS & GIRLS CLUB OF COASTAL CAROLINA
    PO BOX 1515
    MOREHEAD CITY,NC28557     		    NEW BERN CLUB 15,000
    CATHOLIC CHARITIES
    PO BOX 826
    NEW BERN,NC28563     		    SENIOR PHARMACY 7,500
    CATHOLIC CHARITIES
    PO BOX 826
    NEW BERN,NC28563     		    SENIOR PHARMACY 7,500
    CHERRY POINT UNITED METHODIST CHURCH
    103 METHODIST DRIVE
    HAVELOCK,NC28532     		    SUMMER CAFE FOR CHILDREN 6,425
    COASTAL CAROLINA CHAMBER MUSIC FEST
    PO BOX 1591
    NEW BERN,NC28563     		    COMMUNITY OUTREACH PROGRAM 2,000
    COASTAL CAROLINA HEALTH CENTER FOUNDATION
    1010 MEDICAL PARK AVENUE
    NEW BERN,NC28562     		    SMOKING PREVENTION/CESSATION 5,000
    COASTAL COALITION FOR SUBSTANCE ABUSE
    601 BROAD STREET
    NEW BERN,NC28560     		    YOUTH LEADERSHIP PROGRAM 7,394
    COASTAL COALITION FOR SUBSTANCE ABUSE
    601 BROAD STREET
    NEW BERN,NC28560     		    PRIDE SURVEYS FOR YOUTH 9,263
    COASTAL WOMEN'S SHELTER
    PO BOX 13081
    NEW BERN,NC28561     		    FUND DEVELOPMENT POSITION 10,000
    COASTAL WOMEN'S SHELTER
    PO BOX 13081
    NEW BERN,NC28561     		    SUPPORT FOR SHELTER 5,588
    COMMUNITIES IN SCHOOLS OF NC INC
    222 NORTH PERSON STREET
    RALIEGH,NC27601     		    PAMLICO COUNTY SUPPORT PROGRAM 10,000
    COMMUNITY ARTIST WILL INC
    415 BROAD STREET
    NEW BERN,NC28560     		    ART EDUCATION INITIATIVE 6,000
    COMMUNITY COALITION AGAINST FAMILY VIOLENCE
    1401 PARK AVE
    NEW BERN,NC28560     		    TRAUMA FOCUSED THERAPY 10,000
    COUNTY OF PAMLICO
    PO BOX 776
    BAYBORO,NC28515     		    YOUTH LEAGUE ASSISTANCE 12,500
    CRAVEN ARTS COUNCIL & GALLERY
    PO BOX 596
    NEW BERN,NC28560     		    ART INITIATIVES 9,000
    CRAVEN ARTS COUNCIL & GALLERY
    PO BOX 596
    NEW BERN,NC28560     		    NEW POTTERY PROGRAM 9,000
    CRAVEN COMMUNITY CHORUS
    PO BOX 13704
    NEW BERN,NC28563     		    INSTRUMENTALIST 6,500
    CRAVEN COMMUNITY COLLEGE FOUNDATION
    800 COLLEGE COURT
    NEW BERN,NC28562     		    SCHOLARSHIPS 47,600
    CRAVEN COMMUNITY COLLEGE FOUNDATION
    800 COLLEGE COURT
    NEW BERN,NC28562     		    SCHOLARSHIPS 47,600
    CRAVEN COUNTY COOPERATIVE EXTENSION
    300 INDUSTRIAL DR
    NEW BERN,NC28562     		    FOOD & NUTRITION PROGRAM. 3,000
    CRAVEN COUNTY PARKS AND RECREATION
    406 CRAVEN STREET
    NEW BERN,NC28560     		    YOUTH SUMMER PROGRAMS 58,000
    CRAVEN COUNTY PARTNERS IN EDUCATION
    3600 TRENT RD
    NEW BERN,NC28562     		    TEACHER'S STORE 45,000
    CRAVEN LITERACY COUNCIL
    2800 NEUSE BLVD
    NEW BERN,NC28562     		    LITERACY PROGRAM 9,250
    CRAVEN SMART START
    2111-F NEUSE BLVD
    NEW BERN,NC28560     		    PROGRAMS 10,000
    CRAVEN SMART START
    2111-F NEUSE BLVD
    NEW BERN,NC28560     		    PROGRAMS 10,000
    DEPARTMENT OF NORTH CAROLINA VETERANS OF FOREIGN WARS OF THE UNITED STATES
    917 NEW BERN AVE
    RALEIGH,NC27611     		    LIFTAVATOR INSTALLMENT 10,000
    EAST CAROLINA UNIVERSITY FOUNDATION
    2200 SOUTH CHARLES BLVD
    GREENVILLE,NC27858     		    SCHOLARSHIPS 86,600
    EAST CAROLINA UNIVERSITY FOUNDATION
    2200 SOUTH CHARLES BLVD
    GREENVILLE,NC27858     		    SCHOLARSHIPS 44,000
    EAST CAROLINA UNIVERSITY FOUNDATION
    2200 SOUTH CHARLES BLVD
    GREENVILLE,NC27858     		    SCHOLARSHIPS 29,000
    EAST CAROLINA UNIVERSITY FOUNDATION
    2200 SOUTH CHARLES BLVD
    GREENVILLE,NC27858     		    SCHOLARSHIPS 200,000
    EAST CAROLINA UNIVERSITY FOUNDATION
    2201 SOUTH CHARLES BLVD
    GREENVILLE,NC27858     		    BASKETBALL PRACTICE FACILITY 200,000
    EPIC CENTER
    2906 N HERRITAGE ST B
    KINSTON,NC28501     		    EQUIP PROGRAM 3,000
    FELLOWSHIP OF CHRISTIAN ATHLETES
    8701 LEEDS ROAD
    KANSAS CITY,MO64129     		    JONES SENIOR CHAPTER 3,000
    FOOD BANK OF CENTRAL & EASTERN NC INC
    3808 TARHEEL DRIVE
    RALEIGH,NC27609     		    HEALTHY MEALS 8,000
    FRIENDS OF THE NEW BERN FIREMEN'S MUSEUM
    408 HANCOCK ST
    NEW BERN,NC28560     		    RENOVATIONS 10,000
    GAL FRIENDS 3B INC
    306 OLD CAUSEWAY RD
    ATLANTIC BEACH,NC28512     		    VOLUNTEER PROGRAMS 3,000
    GENERAL ASSEMBLY OF THE CHRISTIAN CHURCH DISCIPLES OF CHRIST INC
    PO BOX 1986
    INDIANAPOLIS,IN462061986     		    CAMP CAROLINE RENOVATIONS 10,000
    GIRL SCOUTS NC COASTAL PINES INC
    6901 PINECREST RD
    RALEIGH,NC27613     		    SUMMER LEADERSHIP PROGRAM 2,500
    HEARTWORKS
    PO BOX 365
    BAYBORO,NC28515     		    SUSTAINABLE EXCELLENCE FOR CHILDREN 10,000
    HOPE CLINIC
    PO BOX 728
    BAYBORO,NC28515     		    INDIGENT MEDICAL CARE 10,000
    HOPE CLINIC
    PO BOX 728
    BAYBORO,NC28515     		    INDIGENT MEDICAL CARE 10,000
    JAMES CITY HISTORICAL SOCIETY INC
    PO BOX 12766
    NEW BERN,NC28560     		    REPAIRS TO CROCKETT-MILLER SLAVE QUARTERS 5,000
    JONES COUNTY HIGH SCHOOL
    320 W JONES STREET
    TRENTON,NC28585     		    ATHLETICS PROGAM 12,782
    JONES COUNTY SCHOOLS
    320 W JONES STREET
    TRENTON,NC28585     		    PROGRAMS 17,900
    JONES COUNTY SCHOOLS
    320 W JONES STREET
    TRENTON,NC28585     		    ATHLETIC PROGRAMS 12,781
    MEDIATION CENTER OF EASTERN CAROLIN
    PO BOX 1184
    NEW BERN,NC28563     		    TEEN COURT 7,500
    MERCI CLINIC
    1315 TATUM DR
    NEW BERN,NC28560     		    PHARMACY ASSISTANCE PROGRAM 12,500
    MERCI CLINIC
    1316 TATUM DR
    NEW BERN,NC28560     		    PHARMACY ASSISTANCE PROGRAM 12,500
    MONARCH
    1308 COMMERCE DRIVE
    NEW BERN,NC28562     		    TECHNOLOGY. 17,000
    NEW BERN AREA IMPROVEMENT
    300 POLLOCK STREET
    NEW BERN,NC28560     		    OMEGA CENTER IMPROVEMENTS 3,000
    NEW BERN CIVIC THEATRE
    414 POLLOCK STREET
    NEW BERN,NC28560     		    CONCERT SERIES 40,000
    NEW BERN HISTORICAL SOCIETY FOUNDATION
    511 BROAD STREET
    NEW BERN,NC28560     		    ORIENTATION PLAZA 13,500
    NEW BERN POLICE DEPT CITIZEN VOLUNTEERS
    PO BOX 1129
    NEW BERN,NC28560     		    YOUTH PROGRAMS 3,000
    NEW LIFE FREE WILL BAPTIST CHURCH
    2911 OLD CHERRY POINT RD
    NEW BERN,NC28560     		    EDUCATIONAL UPGRADES AND IMPROVEMENTS 18,000
    NORTH CAROLINA COASTAL LAND TRUST
    131 RACINE DR
    WILMINGTON,NC28403     		    VETERANS GARDEN 4,000
    NORTH CAROLINA SYMPHONY
    3700 GLENWOOD AVE
    RALEIGH,NC27612     		    CONCERT SERIES 4,000
    PAMLICO COMMUNITY COLLEGE
    5049 NC-306
    GRANTSBORO,NC28529     		    PROGRAMS 18,000
    PAMLICO COUNTY PARKS & REC DEPT
    202 MAIN STREET
    BAYBORO,NC28515     		    YOUTH ATHLETIC PROGRAMS 12,500
    POLLOCKSVILLE VOLUNTEER FIRE DEPARTMENT INC
    PO BOX 219
    POLLOCKSVILLE,NC28573     		    OPERATING EXPENSES 25,000
    POLLOCKSVILLE VOLUNTEER FIRE DEPARTMENT INC
    PO BOX 220
    POLLOCKSVILLE,NC28573     		    BUILDING RENOVATIONS 10,700
    PROMISE PLACE
    1401 PARK AVE
    NEW BERN,NC28560     		    ADOLESCENT EDUCATION SAFE DATING 10,300
    PUBLIC RADIO EAST
    800 COLLEGE COURT
    NEW BERN,NC28562     		    OPERATING EXPENSES 12,500
    PUBLIC RADIO EAST
    800 COLLEGE COURT
    NEW BERN,NC28562     		    OPERATING EXPENSES 12,500
    PUBLIC RADIO EAST
    800 COLLEGE COURT
    NEW BERN,NC28562     		    OPERATING EXPENSES 12,500
    PUBLIC RADIO EAST
    801 COLLEGE COURT
    NEW BERN,NC28562     		    OPERATING EXPENSES 12,500
    REACH OUT AND READ INC
    703 NEWMAN ROAD
    NEW BERN,NC28562     		    READING PROGRAM 5,000
    RELIGIOUS COMMUNITY SERVICES
    PO BOX 704
    NEW BERN,NC28563     		    RENT & UTILITY ASSISTANCE 15,000
    RELIGIOUS COMMUNITY SERVICES
    PO BOX 704
    NEW BERN,NC28563     		    UTILITIES 15,000
    RELIGIOUS COMMUNITY SERVICES
    PO BOX 704
    NEW BERN,NC28563     		    MENTAL HEALTH SCREENING ROOM 10,000
    RELIGIOUS COMMUNITY SERVICES
    PO BOX 704
    NEW BERN,NC28563     		    RENT & UTILITY ASSISTANCE 3,750
    REVIVING LIVES MINISTRIES
    506 CYPRESS STREET
    NEW BERN,NC28560     		    12-STEP RESIDENTIAL RECOVERY PROGRAM 3,750
    RIVERTOWNE REPERTORY PLAYERS
    514 HANCOCK STREET
    NEW BERN,NC28560     		    CHILDRENS THEATRE PROGRAM 8,000
    SEEDS MINISTRY
    3405 TRENT RD
    NEW BERN,NC28562     		    MISSIONARY WORK 5,000
    SOUTHERN GENTLEMEN CHORUS
    2214 CARACARA DRIVE
    NEW BERN,NC28560     		    YOUTH IN HARMONY PROGRAM. 2,500
    SPECIAL OLYMPICS
    2200 GATEWAY CENTRE BLVD
    MORRISVILLE,NC27560     		    COMMUNITY OUTREACH 5,500
    SUDAN SHRINERS HOSPITAL FUND
    PO DRAWER 490
    NEW BERN,NC28563     		    HOSPITAL FUND 10,000
    THE CAROL S PETREA YOUTH GOLF FOUNDATION INC
    PO BOX 14701
    NEW BERN,NC28560     		    CHAMPIONS CHALLENGE 7,000
    THE CAROL S PETREA YOUTH GOLF FOUNDATION INC
    PO BOX 14701
    NEW BERN,NC28561     		    CHARACTER BUILDING FOR YOUTH GOLF PROGRAM. 5,000
    THE SALVATION ARMY
    535 BELL FORK ROAD
    JACKSONVILLE,NC28540     		    MAYSVILLE ASSITANCE CENTER 7,000
    THE SALVATION ARMY
    PO DRAWER E
    NEW BERN,NC28563     		    PROJECT FLIGHT 12,000
    THE YMCA OF THE TRIANGLE AREA
    802 CORPORATE CENTER DR
    RALEIGH,NC27608     		    PAMLICO COUNTY OUTREACH 9,500
    TOWN OF MAYSVILLE
    404 MAIN STREET
    MAYSVILLE,NC28555     		    FROST PARK IMPROVEMENTS 6,000
    TOWN OF POLLOCKSVILLE
    103 MAIN STREET
    POLLOCKSVILLE,NC28573     		    EXTENSION OF SEWER LINE 10,000
    TRENTON VOLUNTEER FIRE DEPARTMENT
    105 CHERRY STREET
    TRENTON,NC28585     		    EQUIPMENT. 25,000
    TRYON PALACE COUNCIL OF FRIENDS INC
    PO BOX 1007
    NEW BERN,NC28563     		    PUBLIC PROGRAMMING AND EDUCATION 12,500
    TRYON PALACE FOUNDATION
    529 SOUTH FRONT STREET
    NEW BERN,NC28562     		    VARIOUS PROGRAMS 12,500
    TWIN RIVERS YMCA
    100 YMCA LANE
    NEW BERN,NC28560     		    SCHOLARSHIPS 45,000
    UNIVERSITY OF MOUNT OLIVE
    634 HENDERSON STREET
    MT OLIVE,NC28365     		    SCHOLARSHIPS 10,000
    UPTOWN BUSINESS & PROFESSIONAL ASSO
    PO BOX 14182
    NEW BERN,NC28561     		    OPERATING EXPENSES 5,000
    UPTOWN BUSINESS & PROFESSIONAL ASSO
    PO BOX 14182
    NEW BERN,NC28561     		    GED PREP PLUS PROGRAM 5,000
    Total .................................bullet 3a 1,641,783
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2015)
    Form 990-PF (2015)
    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 ...........     		    14 842  
    4 Dividends and interest from securities....     14 557,519  
    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 11,408  
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 478,634  
    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 1,048,403 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    131,048,403
    (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 (2015)
    Form 990-PF (2015)
    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 organizations?
    Yes
    No
    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 name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2015)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 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 11,748 3,877   3,994

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    TY 2015 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 8,000 889 36.000000000000 2,667 0   3,556

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2015 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 2007-03-17 587 587 SL 7.000000000000 0 0    
    OIL PAINTING 2007-04-16 5,000   NC 0 % 0 0    
    DESK 2007-10-01 1,046 1,046 SL 7.000000000000 0 0    
    OFFICE CHAIR 2008-08-01 192 175 SL 7.000000000000 17 0    
    OFFICE FURNITURE 2009-07-13 3,032 2,382 SL 7.000000000000 433 0    
    EQUIPMENT 2009-08-19 1,000 762 SL 7.000000000000 143 0    
    SIGN 2009-03-02 776 776 SL 5.000000000000 0 0    
    ART WORK 2010-05-18 974 446 SL 10.000000000000 97 0    
    PRINTER 2010-08-02 288 128 SL 10.000000000000 29 0    
    OFFICE FURNITURE 2013-02-26 2,154 395 SL 10.000000000000 215 0    
    SIGN 2013-02-26 811 297 SL 5.000000000000 162 0    
    OFFICE FURNITURE 2013-06-14 1,280 203 SL 10.000000000000 128 0    
    OFFICE EQUIPMENT 2013-08-20 534 71 SL 10.000000000000 53 0    
    BUILDING 2013-01-02 236,324 12,120 SL 39.000000000000 6,060 0    
    BUILDING IMPROVEMENTS 2013-03-01 52,385 2,462 SL 39.000000000000 1,343 0    
    DELL LAPTOP 2014-09-16 874 44 SL 5.000000000000 175 0    
    HVAC UNIT 2015-03-23 2,362   SL 39.000000000000 45 0    

    TY 2015 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 SHORT MATURITY BOND 1,430,976 1,429,622
    ISHARES TIPS BOND ETF 247,256 236,141
    VANGUARD SHORT-TERM CORPORATE 495,334 487,368
    COLUMBIA EMERG MKTS BOND Z 273,746 243,904
    DELAWARE CORPORATE BOND INST 530,882 484,796
    DREYFUS INTERM TERM INC I 126,962 120,539
    DREYFUS STANDISH GLB FIX INC I 250,878 240,322
    JOHN HANCOCK BOND I 261,074 248,489
    LORD ABBETT HIGH YIELD F 215,450 215,450
    LORD ABBETT SHT DURATION INC F 797,047 746,090
    PIONEER GLOBAL HIGH YIELD Y 538,492 479,482
    TCW TOTAL RETURN BOND I 490 482
    TEMPLETON GLOBAL BD FD ADV 132,575 118,833

    TY 2015 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 EAFE SM CAP ETF 666,467 667,132
    ISHARES S&P 500 GRWTH ETF 1,630,295 1,750,085
    ISHARES S&P VAL ETF 1,414,290 1,425,776
    ISHARES S&P MID-CAP 400 G ETF 934,760 933,568
    ISHARES S&P MID-CAP 400 V ETF 713,592 707,888
    ISHARES SMALL CAP 600 G ETF 303,480 371,936
    WISDOMTREE EUROPE HEDGED EQUITY 387,139 356,061
    WISDOMTREE TRUST INDIA 318,446 311,901
    WISDOMTREE TRUST JAPN HEDGE EQ 531,336 500,049
    PUTNAM SHORT DURATION INCOME A 74,769 74,471
    FIRST TRUST NORTH AMERICAN E 88,301 63,527
    ISHARES SILVER SHARES 147,238 79,219
    VANGUARD REIT ETF 100,817 99,742
    AQR MANAGED FUTURES STRATEGY I 160,037 145,410
    DEUTSCHE ENHANCED COMM STRAT S 75,440 61,785
    DIAMOND HILL LONG-SHORT I 68,789 68,472
    FRANKLIN K2 ALTRNTV STRTGS ADV 124,708 121,026
    HIGHLAND LG SHT HEALTHCARE Z 130,767 117,237
    JOHN HANCOCK GLB ABS RET STR I 129,580 122,416
    LOCORR MARKET TREND I 181,309 182,971
    NUVEEN REAL ESTATE SEC FUND I 183,084 205,154
    PRUDENTIAL GLB REAL ESTATE Z 69,358 73,932
    VOYA GLOBAL REAL ESTATE I 69,474 73,384
    CHURCH & DWIGHT CO INC 396,441 390,448
    COGNIZANT TECH SOLUTIONS CL A 416,378 396,132
    DELTA AIR LINES INC. 394,730 441,003
    DELUXE CORPORATION 437,305 376,326
    DISCOVER FINCL SVCS 470,521 402,150
    GARTNER INC 401,454 408,150
    GENERAL MILLS INC 414,644 420,918
    INGERSOLL-RAND PLC SHS 416,031 337,269
    JOHNSON & JOHNSON 403,823 400,608
    JPMORGAN CHASE & CO 404,904 402,783
    NEWELL RUBBERMAID INC 419,146 440,800
    TJX COS INC NEW 407,938 390,005
    VERIZON COMMUNICATIONS 420,235 397,492
    VISA INC CL A 407,587 395,505
    YAHOO INC 414,755 395,794

    TY 2015 InvestmentsOtherSchedule2
    Name:
    THE HAROLD H BATE FOUNDATION INC
    EIN:
    56-2121302
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ACL ALT LTD USD A AT COST 789,474 865,187
    ALKEON GROWTH OFFSHORE LTD AT COST 1,100,000 1,215,452
    AURORA OFF FD LTD II CL R AT COST 650,000 758,701
    HPC MILLENNIUM INTL LTD CL A AT COST 550,000 783,232
    HPC OZ DP II FD I CL A AT COST 400,000 503,669
    HPC STARBOARD VALUE LTD CL A AT COST 450,000 621,138
    SKYBRIDGE MULTI-ADSR HF SER G AT COST 960,129 1,038,187
    BLACKSTONE EP II OFFSHORE AT COST 12,500 7,382
    CARLYLE GMS FIN - PLACEMENT AT COST 244,182 258,125
    GS VINTAGE VI OFFSHORE AT COST 241,694 291,801
    MS PMF V CAYMAN LP AT COST 309,529 347,863
    NH CREDIT PTR II OFFSH AT COST 157,206 160,377
    PRIVATE MKT INCOME I CAY AT COST 61,000 58,076
    RIVERVIEW STRAT OPP I OFF AT COST 354,296 416,015
    AIP PHOENIX GLBL RE FD OFF AT COST 187,841 189,391

    TY 2015 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 192 192 0  
    OFFICE FURNITURE 3,032 2,815 217  
    EQUIPMENT 1,000 905 95  
    SIGN 776 776 0  
    ART WORK 974 543 431  
    PRINTER 288 157 131  
    OFFICE FURNITURE 2,154 610 1,544  
    SIGN 811 459 352  
    OFFICE FURNITURE 1,280 331 949  
    OFFICE EQUIPMENT 534 124 410  
    BUILDING 236,324 18,180 218,144  
    BUILDING IMPROVEMENTS 52,385 3,805 48,580  
    DELL LAPTOP 874 219 655  
    GRANT ADM SOFTWARE 8,000 3,556 4,444  
    HVAC UNIT 2,362 45 2,317  


    TY 2015 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 18,267 18,267 18,267


    TY 2015 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 4,800 0   4,800
    INSURANCE 3,437 344   2,750
    PUBLIC RELATIONS 17,213 0   17,213
    CONTRACT LABOR 1,300 0   1,300
    OFFICE EXP 6,418 0   4,814
    INVESTMENT EXPENSES 49,290 49,290   0
    TELEPHONE & INTERNET 5,335 0   4,001
    AMORTIZATION 2,667 0   0


    TY 2015 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 11,408 11,408 11,408


    TY 2015 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 64,596 50,106


    TY 2015 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 92,604 92,604   0


    TY 2015 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 8,859 0   0
    FOREIGN TAXES 7,235 7,235   0
    PROPERTY TAXES 2,064 0   1,548
    PAYROLL TAXES 3,315 0   2,486