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.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
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. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... 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$30,209,385J 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.............
3 Interest on savings and temporary cash investments 1,461 1,461  
4 Dividends and interest from securities... 373,526 373,526  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 819,387
b Gross sales price for all assets on line 6a 35,252,775
7 Capital gain net income (from Part IV, line 2)... 819,387
8 Net short-term capital gain......... 0
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 103,993 0 0
12 Total. Add lines 1 through 11........ 1,298,367 1,194,374 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 46,000 4,600 0 36,800
14 Other employee salaries and wages...... 50,384 0 0 37,788
15 Pension plans, employee benefits....... 7,558 0 0 5,669
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 11,077 3,689 0 3,689
c Other professional fees (attach schedule).... Click to see attachment 154,112 154,112 0 0
17 Interest............... 8,262 0 0 0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 15,609 9,329 0 4,711
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 5,102 0 0 3,827
21 Travel, conferences, and meetings....... 865 0 0 649
22 Printing and publications.......... 66 0 0 50
23 Other expenses (attach schedule)....... Click to see attachment 42,065 378 0 38,763
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 341,100 172,108 0 131,946
25 Contributions, gifts, grants paid....... 1,637,450 1,637,450
26 Total expenses and disbursements. Add lines 24 and 25 1,978,550 172,108 0 1,769,396
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -680,183
b Net investment income (if negative, enter -0-) 1,022,266
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
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............. 132,483 146,498 146,498
2 Savings and temporary cash investments......... 668,450 1,124,086 1,124,086
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..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 18,154,263 Click to see attachment18,027,311 17,737,951
c Investments—corporate bonds (attach schedule)....... 3,058,172 Click to see attachment1,524,702 1,439,772
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 6,363,917 Click to see attachment6,822,891 9,457,741
14 Land, buildings, and equipment: basis bullet333,919
Less: accumulated depreciation (attach schedule) bullet79,794 262,387 254,125 254,125
15 Other assets (describe bullet) Click to see attachment18,180 Click to see attachment49,212 Click to see attachment49,212
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 28,657,852 27,948,825 30,209,385
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 attachment40,319 Click to see attachment11,475
23 Total liabilities (add lines 17 through 22)......... 40,319 11,475
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here 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 28,617,533 27,937,350
30 Total net assets or fund balances (see instructions)..... 28,617,533 27,937,350
31 Total liabilities and net assets/fund balances (see instructions). 28,657,852 27,948,825
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
28,617,533
2
Enter amount from Part I, line 27a .....................
2
-680,183
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
27,937,350
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
27,937,350
Form 990-PF (2018)
Form 990-PF (2018)
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 MORGAN STANLEY 010997 P    
b MORGAN STANLEY 010997 P    
c MORGAN STANLEY 012515 P    
d MORGAN STANLEY 012515 P    
e MORGAN STANLEY 010998 P    
MORGAN STANLEY 010998 P    
MORGAN STANLEY 015825 P    
MORGAN STANLEY 010999 P    
MORGAN STANLEY 015329 P    
MORGAN STANLEY 015329 P    
MORGAN STANLEY 015659 P    
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 13,807,815   14,316,593 -508,778
b 8,947,737   7,564,019 1,383,718
c 4,723,222   4,492,227 230,995
d 517,757   555,206 -37,449
e 2,150,884   2,146,849 4,035
1,844,570   1,871,467 -26,897
688,949   792,785 -103,836
408,419   408,432 -13
1,026,610   1,041,854 -15,244
182,654   191,760 -9,106
947,555   1,052,196 -104,641
6,603     6,603
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       -508,778
b       1,383,718
c       230,995
d       -37,449
e       4,035
      -26,897
      -103,836
      -13
      -15,244
      -9,106
      -104,641
      6,603
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 2 819,387
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 -497,482
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))
2017 1,663,189 30,599,407 0.054354
2016 1,804,663 29,092,999 0.062031
2015 1,755,592 30,696,081 0.057193
2014 1,579,934 31,367,897 0.050368
2013 1,721,952 31,001,733 0.055544
2
Total of line 1, column (d) .....................
2
0.279490
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.055898
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
30,607,869
5
Multiply line 4 by line 3......................
5
1,710,919
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
10,223
7
Add lines 5 and 6........................
7
1,721,142
8
Enter qualifying distributions from Part XII, line 4,.............
8
1,769,396
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 (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 10,223
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 10,223
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 10,223
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 30,000
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 30,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 139
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 19,638
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet19,638 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)
    bullet
    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 2018 or the taxable year beginning in 2018? See the 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 (2018)
    Form 990-PF (2018)
    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 ofbulletWILLIAMS SCARBOROUGH GRAY LLP Telephone no.bullet (252) 638-4000

    Located atbullet2131 S GLENBURNIE RD STE 3NEW BERNNC ZIP+4bullet28562
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, 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 the instructions for exceptions and filing requirements for FinCEN Form 114. 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 2018?.............
    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 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet2017, 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
    Yes
     
    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 2018 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 2018.)..................
    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 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    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:
    Yes
    No
    (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
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    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     		50,384 0 0
    PO BOX 14298
    NEW BERN,NC28561
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    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 STANLEY FINANCIAL ADVISORS INVESTMENT MANAGEMENT 154,112
    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 (2018)
    Form 990-PF (2018)
    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
    30,972,070
    b
    Average of monthly cash balances.......................
    1b
    101,909
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    31,073,979
    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
    31,073,979
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    466,110
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    30,607,869
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,530,393
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,530,393
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    10,223
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    10,223
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,520,170
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,520,170
    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
    1,520,170
    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
    1,769,396
    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
    1,769,396
    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
    10,223
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,759,173
    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 (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 0
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 118,631
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$  
    a Applied to 2017, but not more than line 2a 0
    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 2018 distributable amount..... 0
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 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 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		118,631
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		0
    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
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018....  
    Form 990-PF (2018)
    Form 990-PF (2018)
    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 2018, 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) 2018 (b) 2017 (c) 2016 (d) 2015
             
    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 foundation 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 APPLICATIONS 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 (2018)
    Form 990-PF (2018)
    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     		    CPR TRAINING IN PAMILCO CRAVEN & JONES COUNTIES 15,000
    AMERICAN RED CROSS - COASTAL CAROLINA CHAPTER
    PO BOX 10
    NEW BERN,NC28563     		    SMOKE DETECTOR PROGRAM 10,000
    CRAVEN ARTS COUNCIL & GALLERY
    PO BOX 596
    NEW BERN,NC28560     		    OPERATIONAL & PROGRAM SUPPORT 10,000
    BACKPACK BLESSINGS INC
    PO BOX 1675
    NEW BERN,NC28563     		    CHILDREN'S FEEDING PROGRAM 25,000
    BOYS & GIRLS CLUB OF COASTAL CAROLIN
    PO BOX 1512
    MOREHEAD CITY,NC28554     		    BUILDING RENOVATIONS 10,000
    CAROL S PETERA YOUTH GOLF FOUNDATION--GOLF FOR YOUTH
    PO BOX 14701
    NEW BERN,NC28561     		    GOLF FOR YOUTH PROGRAM 5,000
    CAROLINAEAST FOUNDATION
    2207-B NEUSE BLVD
    NEW BERN,NC28560     		    CANCER CENTER 300,000
    CATHOLIC CHARITIES
    PO BOX 826
    NEW BERN,NC28563     		    SENIOR PHARMACY PROGRAM 12,000
    COASTAL CAROLINA CHAMBER MUSIC FEST
    PO BOX 1591
    NEW BERN,NC28563     		    COMMUNITY OUTREACH PROGRAMS 2,000
    COASTAL WOMEN'S SHELTER
    PO BOX 13080
    NEW BERN,NC28561     		    FAMILY RESOURCES 15,000
    COMMUNITIES IN SCHOOLS OF NC INC
    222 N PERSON ST
    RALEIGH,NC27601     		    PAMLICO COUNTY SCHOOLS PROGRAM 4,000
    CRAVEN ARTS COUNCIL & GALLERY
    PO BOX 596
    NEW BERN,NC28560     		    FACADE UPDATE 10,000
    CRAVEN COMMUNITY CHORUS
    800 COLLEGE COURT
    NEW BERN,NC28562     		    CONCERTS 12,000
    CRAVEN COMMUNITY COLLEGE FOUNDATION
    800 COLLEGE COURT
    NEW BERN,NC28562     		    SCHOLARSHIPS 100,000
    CRAVEN CONCERTS INC
    PO BOX 12213
    NEW BERN,NC28561     		    INSTRUMENT LOAN PROGRAM 3,000
    CRAVEN COUNTY PARKS AND RECREATION
    406 CRAVEN STREET
    NEW BERN,NC28560     		    YOUTH PROGRAMS 25,000
    CRAVEN COUNTY PARKS AND RECREATION
    406 CRAVEN STREET
    NEW BERN,NC28560     		    YOUTH SPORTS PROGRAMS 40,000
    CRAVEN COUNTY PARTNERS IN EDUCATION
    3601 TRENT RD
    NEW BERN,NC28562     		    INDIVIDUAL SCHOOL GRANTS - BEGINNING TEACHER STORE 55,000
    CRAVEN LITERACY COUNCIL
    2800 NEUSE BLVD
    NEW BERN,NC28562     		    DIGITAL LITERACY EXPANSION INITIATIVE 15,000
    EAST CAROLINA UNIVERSITY FOUNDATION
    2200 SOUTH CHARLES BLVD
    GREENVILLE,NC27858     		    PROFESSORSHIP 196,600
    EAST CAROLINA UNIVERSITY
    2201 SOUTH CHARLES BLVD
    GREENVILLE,NC27858     		    VARIOUS SCHOLARSHIPS 50,000
    ECU EDUCATIONAL FOUNDATION INC
    WARD SPORTS MEDICINE BUIL
    GREENVILLE,NC27858     		    FOOTBALL STADIUM 100,000
    FOOD BANK OF CENTRAL & EASTERN NC
    3808 TARHEEL DIRVE
    RALEIGH,NC27609     		    FEEDING PROGRAM 10,000
    HABITAT FOR HUMANITY CRAVEN COUNTY
    930 POLLOCK STREET
    NEW BERN,NC28562     		    BUILDING HOMES AND COMPUTER UPGRADES 8,500
    HOPE CLINIC
    PO BOX 728
    BAYBORO,NC28515     		    INDIGENT MEDICAL CARE AND OPERATING COSTS 10,000
    INTERFAITH REFUGEE MINISTRY
    1913 TRENT BLVD
    NEW BERN,NC28560     		    MULTI-MEDIA PROJECT 10,000
    JONES COUNTY ART COUNCIL
    PO BOX 304
    POLLOCKSVILLE,NC28573     		    SUMMER PROGRAM 4,000
    JONES SENIOR HIGH SCHOOL
    1490 HWY 58 S
    TRENTON,NC28585     		    PROGRAMS 10,000
    LENOIR COMMUNITY COLLEGE FOUNDATION
    PO BOX 188
    KINSTON,NC28502     		    SCHOLARSHIPS 10,000
    MERCI CLINIC
    1315 TATUM DR
    NEW BERN,NC28560     		    PRIMARY CARE PROGRAM 40,000
    NC RELIGIOUS COMM SERVICES OF NB INC
    PO BOX 704
    NEW BERN,NC28563     		    HURRICANE RELIEF 25,000
    NC RELIGIOUS COMM SERVICES OF NB INC
    PO BOX 704
    NEW BERN,NC28563     		    RENT AND UTILITIES ASSISTANCE 50,000
    NEUROMUSCULAR DISEASE SUPPORT ORGANIZATION
    PO BOX 1001
    HAVELOCK,NC28532     		    OUTREACH AND EDUCATION SUMMIT 2,000
    NEW BERN CIVIC THEATRE
    412 POLLOCK STREET
    NEW BERN,NC28560     		    THEATRE FACADE REPAIR 7,500
    NEW BERN CRAVEN COUNTY YMCA INC
    100 YMCA LANE
    NEW BERN,NC28560     		    SCHOLARSHIP FUND 50,000
    NEW BERN GET YOUR COLOR ON
    428 GRANTHAM ROAD
    NEW BERN,NC28560     		    CHEMO BAGS AND CARE 17,500
    NEW BERN HISTORICAL SOCIETY FOUNDATION
    511 BROAD STREET
    NEW BERN,NC28560     		    HISTORY WALK AT BATTLEFIELD SITE 10,000
    NEW BERN PRESERVATION FOUNDATION INC
    510 POLLOCK STREET
    NEW BERN,NC28562     		    TRAIN DEPOT RENOVATION 50,000
    NEW BERN VITA
    1013 YACHT CLUB RD
    NEW BERN,NC28560     		    TAX PREP FOR LOW INCOME PEOPLE 5,000
    NORTH CAROLINA SYMPHONY
    3700 GLENWOOD AVE
    RALEIGH,NC27612     		    CONCERTS FOR YOUTH 5,000
    PAMLICO COMMUNITY COLLEGE
    5049 NC-306
    GRANTSBORO,NC28529     		    DENTAL LABORATORY PROGRAM 10,000
    PAMLICO COUNTY PARKS & REC DEPT
    202 MAIN STREET
    BAYBORO,NC28515     		    YOUTH SPORTS PROGRAM 17,000
    PROMISE PLACE
    1401 PARK AVE
    NEW BERN,NC28560     		    TRAUMA FOCUS THERAPY PROGRAM 8,000
    PUBLIC RADIO EAST
    800 COLLEGE COURT
    NEW BERN,NC28562     		    GENERAL OPERATING 25,000
    THE FILLING STATION
    221 MAIN STREET
    POLLOCKSVILLE,NC28573     		    HURRICANE RELIEF 25,000
    REVIVING LIVES MINISTRIES
    507 CYPRESS STREET
    NEW BERN,NC28560     		    RENT & UTILITY ASSISTANCE FOR CLIENTS 7,500
    RIVERTOWNE REPERTORY PLAYERS
    514 HANCOCK STREET
    NEW BERN,NC28560     		    CHILDREN'S THEATER PROGRAM 3,500
    SALVATION ARMY OF JONES ONSLOW COUNTY
    510 MAIN ST
    MAYSVILLE,NC28555     		    MAYSVILLE OPERATIONS 15,000
    SOUTHERN GENTLEMEN CHORUS
    2214 CARACARA DRIVE
    NEW BERN,NC28560     		    YOUTH IN HARMONY 2,500
    SPECIAL OLYMPICS
    2200 GATEWAY CENTRE BLVD
    MORRISVILLE,NC27560     		    SPORTS INCLUSION PROGRAM 8,500
    SUDAN SHRINERS HOSPITAL FUND
    PO DRAWER 490
    NEW BERN,NC28563     		    HOSPITAL FUND 10,000
    THE CCHC FOUNDATION
    1010 MEDICAL PARK AVE
    NEW BERN,NC28562     		    SUBSTANCE ABUSE PREVENTION PROGRAM 2,500
    THE FILLING STATION
    221 MAIN STREET
    POLLOCKSVILLE,NC28573     		    OPERATIONS 50,000
    THE NORTH CAROLINA AQUARIUM SOCIETY
    3125 POPLARWOOD CT STE 160
    RALEIGH,NC27604     		    SCHOLARS PROGRAM 15,000
    THE MEDIATION CENTER OF EASTERN CAR
    PO BOX 1184
    NEW BERN,NC28563     		    CRAVEN COUNTY TEEN COURT 5,000
    THE SALVATION ARMY
    1402 RHEM AVE
    NEW BERN,NC28560     		    HURRICANE RELIEF 25,000
    THE YMCA OF THE TRIANGLE AREA
    802 CORPORATE CENTER DR
    RALEIGH,NC27608     		    PAMLICO COUNTY OUTREACH PROGRAMS 10,000
    TOWN OF MAYSVILLE
    404 MAINSTREET
    MAYSVILLE,NC28555     		    TANKER TRUCK 10,000
    TOWNSHIP SEVEN EMS INC
    2103 OLD CHERRY POINT ROAD
    NEW BERN,NC28560     		    EMS INTERN PROJECT 15,000
    TRIANGLE RESIDENTIAL OPTIONS FOR SUBSTANCE ABUSERS
    1820 JAMES STREET
    DURHAM,NC27707     		    RESIDENTIAL PROGRAM FOR SUBSTANCE ABUSE 5,000
    TRYON PALACE COUNCIL OF FRIENDS INC
    PO BOX 1007
    NEW BERN,NC28563     		    PROGRAMMING AND EDUCATON 18,850
    WYSE FORK VOLUNTEER FIRE DEPARTMENT
    6936 WYSE FORK ROAD
    DOVER,NC28526     		    TRAINING PROGRAM 10,000
    Total .................................bullet 3a 1,637,450
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    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 1,461  
    4 Dividends and interest from securities....     18 373,526  
    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.....         103,993
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 6,603 812,784
    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).. 0 381,590 916,777
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,298,367
    (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.)
    11A RECOVERY OF MONIES PREVIOUSLY GRANTED BY ORGANIZATION
    Form 990-PF (2018)
    Form 990-PF (2018)
    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) (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) (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 (2018)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 AccountingFeesSchedule
    Name:
    THE HAROLD H BATE FOUNDATION INC
    EIN:
    56-2121302
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 11,077 3,689 0 3,689

    TY 2018 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
    GOLDMAN SACHS EMEG MKTS DEBT I 124,412 109,978
    GUGGENHEIM TOTAL RETURN BD I 206,460 203,658
    JANUS HENDERSON STRAT INC 75,353 73,801
    JOHN HANCOCK BOND I 109,832 103,451
    LORD ABBETT CONVERTIBLE 231,860 212,102
    LORD ABBETT HIGH YIELD F 77,483 69,902
    PIMCO INCOME P 122,511 117,933
    PIONEER GLOBAL HIGH YIELD Y 184,778 169,347
    PIONEER MLTI AST ULT SHT INC Y 308,197 306,796
    T ROWE PRICE EMRG MRKTS 83,816 72,804

    TY 2018 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 INC MSCI JAPAN ETF 442,700 368,009
    ISHARES MSCI SOUTH KOREA ETF 156,043 127,726
    ISHARES S&P 500 GRWTH ETF 1,503,049 1,397,916
    ISHARES S&P MID-CAP 400 G ETF 143,582 121,240
    ISHARES S&P SMALL CAP 600 V ETF 414,896 361,057
    SPDR DJIA TRUST 792,257 795,212
    VANGUARD FTSE ALL WO X-US SC 723,737 724,586
    WISDOMTREE TRUST INDIA 139,710 136,673
    CHURCH & DWIGHT CO INC 228,773 230,160
    AMTEC INC NEW 256,345 236,950
    ARTHUR GALLAGHER 197,984 228,470
    CAMPBELL SOUP 278,940 230,930
    FASTENAL CO. 225,207 203,931
    HORMEL FOODS CORP 215,725 204,864
    INTEL CORP 218,091 211,185
    INTERCONTINENTAL EXCHANGE GROUP 170,398 169,041
    MERIT MED CYST 214,845 200,916
    PULTE GROUP INC 118,152 119,532
    SERVICE CORP INTL 136,059 144,936
    TOTAL SYSTEM SVCS 218,142 203,225
    WASTE MGMT INC 215,653 213,576
    XILINX INC 229,048 229,959
    YUM BRANDS, INC. 215,160 220,609
    ZOETIS INC. CLASS A 205,227 205,296
    COLUMBIA SPORTSWEAR CO 220,421 201,816
    TCG BDC, INC 113,501 140,852
    ADIDAS AG 44,213 42,049
    AFLAC INCORPORATED 74,700 82,646
    AIA GROUP LTD SPON ADR 64,992 58,494
    ALIBABA GROUP 66,019 52,498
    AMADEUS IT GROUP 57,315 60,003
    AMDOCS LIMINTED ORD 13,883 13,883
    ASML HOLDING NV NY 55,736 48,865
    ASOS PLC SPON 46,161 16,938
    BAIDU INC. 52,623 33,940
    BURBERRY GROUP 52,213 49,361
    CDN PACIFIC RY LTD 74,406 81,350
    CHECK POINT SOFTWARE TECH 55,944 53,583
    DIAGEO PLC 97,574 103,230
    EPIROC AKTIEBOLAG ADR 31,614 28,938
    ERSTE GROUP BANK AG SPON ADR 95,408 74,402
    FANUC CORPORATION 85,362 60,044
    GIVAUDAN SA ADR 49,307 51,186
    HDFC BANK LTD ADR 40,282 40,297
    HONG KONG EXCHANGES & CLEARING 60,473 57,940
    HOYA CORP SPONS 49,286 55,694
    ICON PLC 80,503 92,385
    INDUSTRIA DISENO TEXTIL IND 43,797 31,546
    KAO CORP 46,538 55,354
    KBC GROUP NV 59,296 46,917
    LEGRAND SA 61,369 46,129
    LINDE PLC 66,626 63,508
    LOREAL CO ADR 52,432 54,061
    LONDON STK EXCHANGE 92,442 94,372
    LVMH MOET HENNESSY LOUIS VUITT 59,895 54,076
    METTLER TOLEDO INTL 65,914 61,083
    MONOTARO CO LTD ADR 24,166 27,743
    NESTLE SPON ADR 121,116 117,068
    NIDEC CORP 58,401 49,088
    NINTENDO CO LTD ADR NEW 30,053 24,891
    NOVO NORDISK 47,515 44,319
    ORIX CORP 59,598 52,088
    PING AN INSURANCE ADR 51,656 45,162
    RENTOKIL GROUP 104,947 111,836
    ROCHE HOLDINGS ADR 52,298 53,333
    ROGER COMM INC. CL B 59,221 571,037
    SAP AG 91,407 83,423
    SHISEIDO LTD 80,386 117,199
    SHOPIFY INC. 30,195 30,182
    SOCIEDAD QUIMICA Y MINERA 54,043 39,066
    SUNCOR ENERGY INC 63,451 50,738
    TECHNOPRO HOLDINGS INC 34,022 21,138
    TELEPERFORMANCE SA USNP ADR 43,425 40,351
    TEMENOS GROUP AG 37,121 40,385
    UMICORE SA ADR 56,626 50,109
    VALE SA 19,215 25,325
    ABIOMED INC 115,532 136,192
    ADDUS HOMECARE CORP COM 82,350 109,355
    ALPHBET 129,101 125,309
    AMERESCO INC CL A 123,953 113,984
    ANTHEM INC. 132,084 125,800
    APTARGROUP INC. 123,915 122,009
    ARTHUR J GALLAGHER 130,489 138,409
    CABOT MICROELECTRONICS CORP 133,173 123,574
    DUNKIN BRANDS GROUP INC. 106,356 106,183
    ENCOMPASS HEALTH CORP 118,754 119,019
    FISERV INC. WISCONSIN 101,594 100,755
    GRAND CANYON ED INC. COM 107,948 89,699
    HUMANA INC. 125,046 120,035
    ICU MEDICAL INC. 64,486 59,704
    INTUITIVE SURGICAL INC. 128,717 125,956
    MAXIMUN INC. 123,635 114,819
    MCDONALD'S CORP 129,332 125,187
    MERIT MED SYST 67,962 78,078
    MICROSOFT CORP 154,152 159,059
    QUAKER CHEMICAL CORP 82,729 91,521
    QUALYS INC. COM 138,535 134,457
    RBC BEARINGS INC. 129,985 124,283
    ROLLINS INC. 76,627 82,886
    TELEDYNE TECH INC. 136,792 130,868
    TRANSDIGM GROUP CORP. 121,021 119,701
    TREX COMPANY INC. 58,829 65,533
    WASTE CONNECTIONS INC. 123,744 124,295
    ABBOTT LABORATORIES 184,358 188,636
    ADOBE INC 176,298 158,820
    AMERICAN EXPRESS 192,540 178,439
    APPLE INC. 184,164 143,859
    BANK OF AMERICA CORP 65,010 54,652
    BARRICK GOLD CORP 149,113 156,008
    BOEING CO 185,594 164,798
    CENTENE CORP 174,066 153,118
    CME GROUP INC. 180,375 189,625
    DOLLAR GENERAL CORP 184,017 175,090
    FISERV INC. WISCONSIN 148,511 140,219
    INTERCONTINENTAL EXCHANGE GROUP 170,398 169,041
    INTUIT INC. 181,646 168,307
    MACY'S INC. 147,546 121,085
    MCDONALD'S CORP 179,705 182,009
    MICROSOFT CORP 156,251 149,308
    ROPER TECHNOLOGIES 197,098 182,566
    ROSS STORES INC. 187,275 152,755
    STRYKER CORP 161,155 150,480
    THERMO FISHER SCIENTIFIC 141,609 138,302
    TOTAL SYSTEM SVCS 183,824 165,832
    TRANSDIGM GROUP CORP. 170,301 169,350
    UNITED HEALTH GP INC. 205,039 193,317
    VISA INC CL A 145,747 137,745

    TY 2018 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
    ALKEON GROWTH OFFSHORE LTD AT COST 1,100,000 1,465,837
    LIGHTHOUSE DIV FD LTD AT COST 685,777 960,308
    HPC MILLENNIUM INTL LTD CL A AT COST 550,000 879,178
    HPC STARBOARD VALUE LTD CL A AT COST 450,000 762,548
    CIM INFRASTRUCTURE FUND II AT COST 350,065 361,023
    BLACKSTONE EP II OFFSHORE AT COST 164,652 204,699
    GS VINTAGE VI OFFSHORE AT COST 90,542 455,939
    MS PMF V CAYMAN LP AT COST 332,395 539,670
    NH CREDIT PTR II OFFSH AT COST 249,004 578,375
    DIV CREDIT OPP FUND CAY AT COST 320,666 386,284
    RIVERVIEW SOFI II AT COST 478,921 451,561
    RIVERVIEW STRAT OPP I OFF AT COST 228,130 482,586
    TCG BDC II AT COST 359,337 225,249
    GS MARKET LENDING AT COST 373,828 417,114
    AIP PHOENIX GLBL RE FD OFF AT COST 298,741 496,537
    ACL ALT LTD USD A AT COST 790,833 790,833

    TY 2018 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 18,180 18,180 18,180
    PREPAID EXCISE TAX   30,000 30,000
    OTHER   1,032 1,032


    TY 2018 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 5,938 0 0 5,938
    PUBLIC RELATIONS 19,415 0 0 19,415
    CONTRACT LABOR 200 0 0 200
    INSURANCE 3,780 378 0 3,024
    TELEPHONE & INTERNET 3,746 0 0 2,997
    OFFICE EXPENSE 8,986 0 0 7,189


    TY 2018 OtherIncomeSchedule2
    Name:
    THE HAROLD H BATE FOUNDATION INC
    EIN:
    56-2121302
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    GRANT REFUNDS 103,993 0 0


    TY 2018 OtherLiabilitiesSchedule
    Name:
    THE HAROLD H BATE FOUNDATION INC
    EIN:
    56-2121302
    Description Beginning of Year - Book Value End of Year - Book Value
    PAYROLL LIABILITIES 1,975 1,840
    CALLS 35,406 9,635
    EXISE TAXES DUE 2,938 0


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    THE HAROLD H BATE FOUNDATION INC
    EIN:
    56-2121302
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 154,112 154,112 0 0


    TY 2018 TaxesSchedule
    Name:
    THE HAROLD H BATE FOUNDATION INC
    EIN:
    56-2121302
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 9,329 9,329 0 0
    PROPERTY TAXES 2,426 0 0 1,820
    PAYROLL TAXES 3,854 0 0 2,891