Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
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 right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$33,064,468J 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 right arrow.............
3 Interest on savings and temporary cash investments 61,084 61,084  
4 Dividends and interest from securities... 630,911 630,911  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,119,636
b Gross sales price for all assets on line 6a 15,733,278
7 Capital gain net income (from Part IV, line 2)... 1,119,636
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
List of Attached Documents:
// Content
827 827  
12 Total. Add lines 1 through 11........ 1,812,458 1,812,458  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 87,250 8,725   0
14 Other employee salaries and wages......   3,732   33,592
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
418 419   419
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,268 1,266   1,266
c Other professional fees (attach schedule)....   201,414    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
1,602 10,653   6,912
19 Depreciation (attach schedule) and depletion... 7,484 0  
20 Occupancy.............. 1,153 0   3,457
21 Travel, conferences, and meetings....... 52 0   205
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
4,066 527   28,585
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 103,293 226,736   74,436
25 Contributions, gifts, grants paid....... 1,909,052 1,909,052
26 Total expenses and disbursements. Add lines 24 and 25 2,012,345 226,736   1,983,488
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -199,887
b Net investment income (if negative, enter -0-) 1,585,722
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
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............. 9,675 192,222 192,222
2 Savings and temporary cash investments......... 2,306,890 2,756,541 2,756,541
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
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)....... 23,198,057 Click to see attachment
List of Attached Documents:
// Content
22,406,318 		29,908,827
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow333,919
Less: accumulated depreciation (attach schedule) right arrow127,041 222,036 206,878 206,878
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
28,623 		Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 25,765,281 25,561,959 33,064,468
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 right arrow) Click to see attachment
List of Attached Documents:
// Content
3,435 		Click to see attachment
List of Attached Documents:
// Content
0
23 Total liabilities (add lines 17 through 22)......... 3,435 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 25,761,846 25,561,959
29 Total net assets or fund balances (see instructions)..... 25,761,846 25,561,959
30 Total liabilities and net assets/fund balances (see instructions). 25,765,281 25,561,959
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 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
25,761,846
2
Enter amount from Part I, line 27a .....................
2
-199,887
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
25,561,959
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
25,561,959
Form 990-PF (2024)
Form 990-PF (2024)
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 STIFEL 6608 P    
b STIFEL 6608 P    
c STIFEL 1615 P    
d STIFEL 1615 P    
e STIFEL 8761 P    
STIFEL 8761 P    
STIFEL 5036 P    
STIFEL 5036 P    
STIFEL 4676 P    
STIFEL 4676 P    
STIFEL 1098 P    
STIFEL 1098 P    
CIM INFRA II AIV-4 K-1 P    
FINTECH K-1 P    
FINTECH K-1 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 203,461   175,707 27,754
b 834,267   685,531 148,736
c 469,678   422,075 47,603
d 1,687,030   1,373,845 313,185
e 582,202   590,481 -8,279
3,985,244   4,036,642 -51,398
334,169   359,758 -25,589
565,523   437,020 128,503
4,649,318   4,153,553 495,765
1,461,983   1,597,273 -135,290
436,450   437,472 -1,022
483,121   264,189 218,932
    36,171 -36,171
    43,925 -43,925
1,687     1,687
39,145     39,145
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       27,754
b       148,736
c       47,603
d       313,185
e       -8,279
      -51,398
      -25,589
      128,503
      495,765
      -135,290
      -1,022
      218,932
      -36,171
      -43,925
      1,687
      39,145
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 1,119,636
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
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 right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 22,042
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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 22,042
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 22,042
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 21,516
b Exempt foreign organizations—tax withheld at source...... 6b 0
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 21,516
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 526
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-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 the instructions
for the 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. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 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:
round bullet By language in the governing instrument, or
round bullet 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 XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrow
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 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
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
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 addressright arrowWWW.BATEFOUNDATION.ORG
14
The books are in care ofright arrowWILLIAMS SCARBOROUGH GRAY LLP Telephone no.right arrow (252) 638-4000

Located atright arrow2131 S GLENBURNIE RD STE 3NEW BERNNC ZIP+4right arrow28562
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, 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 right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-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? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(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)? ......................
1a(5)
 
No
(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.) ...............
1a(6)
 
No
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
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
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 2024? .............
1d
 
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 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 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 2024.) .....................
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 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-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))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
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
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
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? .................
5d
 
 
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? .............................
6a
 
No
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?
7a
 
No
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? .........................
8
 
No
Part VII
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 		8,250 0 0
PO BOX 14298
NEW BERN,NC28561
DONALD BRINKLEY BOARD MEMBER
6.00 		46,000 0 0
PO BOX 14298
NEW BERN,NC28561
ROBERT MATTOCKS BOARD MEMBER
3.00 		8,250 0 0
PO BOX 14298
NEW BERN,NC28561
MARVIN MULLINIX BOARD MEMBER
3.00 		8,250 0 0
PO BOX 14298
NEW BERN,NC28561
SILAS SEYMOUR BOARD MEMBER
3.00 		8,250 0 0
PO BOX 14298
NEW BERN,NC28561
DAVID HINSON JR BOARD MEMBER
3.00 		8,250 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
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
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
STIFEL FINANCIAL ADVISORS INVESTMENT MANAGEMENT 161,970
1414 RALEIGH RD STE 208
CHAPEL HILL,NC27517
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-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 VIII-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.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
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
29,932,600
b
Average of monthly cash balances.......................
1b
2,245,903
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
32,178,503
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
32,178,503
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
482,678
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
31,695,825
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,584,791
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
1,584,791
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
22,042
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
22,042
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,562,749
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,562,749
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 XII, line 1 ...
7
1,562,749
Part XI
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
1,983,488
b
Program-related investments—total from Part VIII-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 XII, line 4. .......
4
1,983,488
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 1,562,749
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 76,982
b From 2020...... 113,652
c From 2021...... 192,615
d From 2022...... 131,251
e From 2023...... 1,002,103
f Total of lines 3a through e ........ 1,516,603
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 1,983,488
a Applied to 2023, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		Click to see attachment
List of Attached Documents:
// Content
0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 1,562,749
e Remaining amount distributed out of corpus 420,739
5 Excess distributions carryover applied to 2024. 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 1,937,342
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 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		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 2019 not
applied on line 5 or line 7 (see instructions) ... 		76,982
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		1,860,360
10 Analysis of line 9:
a Excess from 2020.... 113,652
b Excess from 2021.... 192,615
c Excess from 2022.... 131,251
d Excess from 2023.... 1,002,103
e Excess from 2024.... 420,739
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-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 2024, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
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 IX, 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 XIV
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 right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
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 (2024)
Form 990-PF (2024)
Page 11
Part XIV
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

7TH NATION

1709 WASHINGTON ST
NEW BERN,NC28560 		    GENERAL DONATION 500

ABUNDANT LIFE COMMUNITY SERVICES

PO BOX 14306
NEW BERN,NC28561 		    ESTABLISH OFFICE AT ST CYPRIAN EPISCOPAL CHURCH 25,000

AMERICAN CANCER SOCIETY

930B WELLNESS DR
GREENVILLE,NC27834 		    PROVIDING FREE LODGING WITH CANCER 5,000

AMERICAN HEART ASSOCIATION

176 MINE LAKE CT STE 100
RALEIGH,NC27615 		    SAVING LIVES THROUGH BYSTANDER CPA-PAMLICO COUNTY 10,000

AMERICAN HEART ASSOCIATION

176 MINE LAKE CT STE 100
RALEIGH,NC27615 		    SAVING LIVES IN JONES COUNTY 15,000

AMERICAN RED CROSS

1102 SOUTH 16TH ST
WILMINGTON,NC28401 		    GENERAL DONATION 10,000

EASTERN PREGNANCY CARE CENTER

1505 S GLENBURNIE RD ST 0
NEW BERN,NC28562 		    GENERAL DONATION 5,000

AURORA FOSSIL MUSEUM

101 GRACE DR
AURORA,NC27806 		    GENERAL DONATION 500

BACKPACK BLESSINGS INC

PO BOX 1675
NEW BERN,NC28563 		    SERVING GOD IN EASTERN NORTH CAROLINA BY FEEDING CHILDREN WHO SUFFER FROM FOOD INSECURITY IN THEIR HOMES. 25,000

BRIDGETON IMPROVEMENT COMMITTEE

PO BOX 10
BRIDGETON,NC28519 		    GENERAL DONATION 10,500

BOY SCOUTS OF AMERICA EAST CAROLINA COUNCIL

313 BOY SCOUT BLVD
KINSTON,NC28501 		    PROJECT SCOUTING & MEMBERSHIP ASSISTANCE 4,000

BOYS & GIRLS CLUBS OF COASTAL PLAIN

621 W FIRE TOWER RD
WINTERVILLE,NC28590 		    FORMULA FOR IMPACT 15,000

CAROLINAEAST FOUNDATION

2007 NEUSE BLVD B
NEW BERN,NC28560 		    GENERAL DONATION 12,500

CAROLINAEAST FOUNDATION

2007 NEUSE BLVD B
NEW BERN,NC28560 		    PATIENCE ASSISTANCE PROGRAM 12,500

CATHOLIC CHARITIES

PO BOX 826
NEW BERN,NC28563 		    SENIOR PHARMACY PROGRAM 15,000

COASTAL CAROLINA CHAMBER MUSIC FESTIVAL INC

201 GATES DR
WINTERVILLE,NC28590 		    COMMUNITY ENGAGEMENT PROGRAMS 2,500

COASTAL WOMEN'S SHELTER

1333 S GLENBURNIE RD
NEW BERN,NC28560 		    SAFE HOUSE & ENVIRONMENT 25,000

COVE CITY FIRE & RESCUE

PO BOX 257
COVE CITY,NC28523 		    GENERAL DONATION 500

COMMUNITIES IN SCHOOLS OF NC

515 ANDERSON DR
BAYBORO,NC28515 		    MOBILE ARTS PLATFORM 5,000

CRAVEN COMMUNITY CHORUS INC

PO BOX 13704
NEW BERN,NC28561 		    CONCERT SERIES 6,000

CRAVEN COMMUNITY COLLEGE FOUNDATION

800 COLLEGE COURT
NEW BERN,NC28562 		    GENERAL DONATION 62,500

CRAVEN COMMUNITY COLLEGE FOUNDATION

800 COLLEGE COURT
NEW BERN,NC28562 		    SCHOLARSHIPS 62,500

CRAVEN COUNTY HEALTH DEPT FOUNDATION

2818 NEUSE BLVD
NEW BERN,NC28562 		    GENERAL DONATION 10,000

CRAVEN COUNTY PARKS AND RECREATION

406 CRAVEN STREET
NEW BERN,NC28560 		    PARK PROJECTSPARK PROJECTS 17,500

CRAVEN COUNTY PARKS AND RECREATION

406 CRAVEN STREET
NEW BERN,NC28560 		    PARK PROJECTS 16,500

CRAVEN COUNTY PARKS AND RECREATION

406 CRAVEN STREET
NEW BERN,NC28560 		    PARK PROJECTS 20,000

CRAVEN COUNTY PARKS AND RECREATION

406 CRAVEN STREET
NEW BERN,NC28560 		    PARK PROJECTS 16,500

CRAVEN COUNTY PARTNERS IN EDUCATION

3601 TRENT RD
NEW BERN,NC28560 		    GENERAL DONATION 30,000

CRAVEN COUNTY PARTNERS IN EDUCATION

3601 TRENT RD
NEW BERN,NC28562 		    BEGINNING TEACHERS' STORE AND INDIVIDUAL SCHOOL GRANTS 35,000

CRAVEN LITERACY COUNCIL

2800 NEUSE BLVD
NEW BERN,NC28562 		    IMPROVING LIVES THROUGH LITERACY 15,000

CRAVEN SMART START INC

2111 NEUSE BLVD
NEW BERN,NC28562 		    FAMILY CHILD CARE 20,500

CRAVEN SMART START INC

2111 NEUSE BLVD
NEW BERN,NC28562 		    GENERAL DONATION 20,000

CRAVENPAMLICO PIRATE CLUB

WORLD SPORT MEDICINE BLDG
GREENVILLE,NC27858 		    GENERAL DONATION 1,000

DAZZLING DANCERS INC

202 CHINCHILLA DR
BAYBORO,NC28515 		    WE DREAM PROGRAM 2,000

NC UNITED METHODIST CAMP & RETREAT MINISTRIES INC

315 CAMP DON LEE RD
ARAPAHOE,NC28510 		    CAMP PROGRAMS 2,500

EAST CAROLINA UNIVERSITY FOUNDATION

2200 SOUTH CHARLES BLVD
GREENVILLE,NC27858 		    GENERAL DONATION 194,100

EAST CAROLINA UNIVERSITY FOUNDATION

2200 SOUTH CHARLES BLVD
GREENVILLE,NC27858 		    SUPPORT OF SCHOLARSHIPS, ATHLETICS AND PROGRAM INITIATIVES IDENTIFIED AS PRIORITY BY THE ECU CHANCELLOR. 273,500

EIGHT WAY INC

701 MCCARTHY BLVD
NEW BERN,NC28562 		    EQUIPMENT & BUILDING 15,000

FAITH CONNECTION

4502 CRABAPPLE LANE
GREENSBORO,NC27405 		    GENERAL DONATION 400

EASTER SEALS

2801 NEUSE BLVD
NEW BERN,NC28560 		    GENERAL DONATION 100

FOOD BANK OF NC INC

3808 TARHEEL DRIVE
RALEIGH,NC27609 		    NOURISHING FAMILIES IN JONES COUNTY, NC 20,000

FRIENDS OF PAMLICO COUNTY PUBLIC LIBRARY

603 MAIN ST
BAYBORO,NC28515 		    LIBRARY & COMMUNITY CENTER PROJECT 15,000

FIREFIGHTER OCCUPATIONAL CANCER UNDERSTANDING SUPPORT

115 REALINI DR
HAVELOCK,NC28532 		    GENERAL DONATION 10,000

FELLOWSHIP OF CHRISTIAN ATHLETES

4200 ACADEMIC DR
NEW BERN,NC28560 		    GENERAL DONATION 500

HABITAT FOR HUMANITY OF CRAVEN COUNTY INC

321 FLEET ST
NEW BERN,NC28560 		    NEW HOME BUILDS 30,000

HAVELOCK HIGH SCHOOL

101 WEBB BLVD
HAVELOCK,NC28532 		    GENERAL DONATION 500

HAVELOCK CHERRY POINT ROTARY

404 LAKE RD
HAVELOCK,NC28532 		    GENERAL DONATION 500

INTERFAITH REFUGE MINISTRY

1913 TRENT BLVD
NEW BERN,NC28560 		    GENERAL DONATION 6,250

HOPE CLINIC

PO BOX 728
BAYBORO,NC28515 		    FREE MEDICAL CARE FOR INDIGENT ADULTS 40,750

JAMES CITY HISTORICAL SOCIETY

911 HOWELL RD
JAMES CITY,NC28560 		    EMERGENCY OF PRESERVATION SOF CIRCA 1850 SLAVE QUARTERS 10,000

JONES COUNTY COMMUNITY HOPE INC

509 GREENTOWN RD
TRENTON,NC28585 		    GET CONNECTED 15,000

JONES COUNTY HUNTERS ASSOCIATION

RT 1
TRENTON,NC28585 		    GENERAL DONATION 300

JONES SENIOR HIGH SCHOOL

1378 NC HWY 58
TRENTON,NC28585 		    FAST FORWARD PROGRAM 30,000

LYFE THREE INC

1046 BROAD ST
NEW BERN,NC28560 		    THE VILLAGE AFTER SCHOOL FOR VULNERABLE CRAVEN COUNT YOUTH 12,500

LYFE THREE INC

1046 BROAD ST
NEW BERN,NC28560 		    STUDENT TRANSPORTATION ENHANCEMENT PROJECT 12,500

MAYSVILLE FIRE & EMS

404 MAIN ST
MAYSVILLE,NC28555 		    TEEN COURT 5,000

MERCI CLINIC

1315 TATUM DR
NEW BERN,NC28560 		    RAISE THE ROOF PROJECT 18,988

THE CAROL S PETREA YOUTH GOLF FOUNDATION

445 TARKIN CT NW
SHALLOTTE,NC28470 		    ENHANCING SERVICES DELIVERY THROUGH MOBILE DEVICES 5,000

NEUSE RIVER BRIDGE RUN

PO BOX 234
NEW BERN,NC28563 		    GENERAL DONATION 1,000

NEUSE RIVERS FISHERS OF MEN

3114 FARRIOR CIRCLE
NEW BERN,NC28562 		    GENERAL DONATION 500

NEW BERN AREA IMPROVEMENT ASSOCIATION AKA THE OMEGA CENTER

800 CEDAR ST
NEW BERN,NC28560 		    BUILDING DONATION 15,000

NEW BERN CIVIC THEATRE INC

1001 COLLEGE CT
NEW BERN,NC28562 		    ATHENS THEATRE MASONRY REPOINTING 10,000

NEW BERN HIGH SCHOOL

4200 ACADEMIC DR
NEW BERN,NC28560 		    GENERAL DONATION 1,500

NEW BERN MASONIC THEATRE HISTORICAL PRESERVATION

516 HANCOCK ST
NEW BERN,NC28560 		    SAINT JOHNS MASONIC LODGE BUILDING RESTORATION 10,000

NEW BERN POLICE DEPARTMENT CITIZEN VOLUNTEERS INC

3036 MARTIN LUTHER KING JR BLVD
NEW BERN,NC28562 		    YOUTH OUTREACH & TRAINING FOR K-9 TEAMS 10,000

JOURNEY OF HOPE

2007 NEUSE BLVD B
NEW BERN,NC28560 		    GENERAL DONATION 1,000

TOWN OF MAYSVILLE NC

PO BOX 265
MAYSVILLE,NC28555 		    GENERAL DONATION 12,500

TRI COUNTY COMMUNITY HANDS OF BLESSING

105 POLLOCK ST
TRENTON,NC28585 		    GENERAL DONATION 5,000

NORTH CAROLINA COASTAL FEDERATION

3609 HWY 24
NEWPORT,NC28570 		    SCHOOL STORMWATER SOLUTIONS & COASTAL DISCOVERY PROGRAM 4,535

NORTH CAROLINA COASTAL LAND TRUST

3 PINE VALLEY DR
WILMINGTON,NC28412 		    OAK GROVE PARTNERSHIP 15,000

VECINO VERDE INC

322 PATTSWOOD RD
NEW BERN,NC28560 		    GENERAL DONATION 1,500

NORTH CAROLINA SYMPHONY SOCIETY INC

3700 GLENWOOD AVE STE 130
RALEIGH,NC27604 		    MUSIC & ENSEMBLES PROGRAMS JONES COUNTY 5,000

NPSWC INC

548 PARK MEADOWS DR
NEWPORT,NC28570 		    GENERAL DONATION 500

OL FRONT PORCH MUSIC FESTIVAL

801 SILVER BROOKE RD
ORIENTAL,NC28571 		    FESTIVAL 2024 2,500

PAMLICO COMMUNITY COLLEGE FOUNDATION INC

5049 NC-306
GREENSBORO,NC28529 		    HEALTHCARE ALLIANCE PROJECT SCHOLARSHIPS 10,000

PAMLICO COUNTY FOUNDATION FOR THE AGED

800 MAIN STREET
ALLIANCE,NC28509 		    RAMP CONSTRUCTION 10,000

PAMLICO MUSIC SOCIETY

PO BOX 805
ORIENTAL,NC28571 		    EDUCATION OUTREACH 2,000

PAMLICO PARTNERSHIP FOR CHILDREN

702-A MAIN ST
BAYBORO,NC28515 		    CARE SEAT SAFETY & STRONG STARTS PROGRAM 9,000

PEMBROKE COMMUNITY ORGANIZATIONS INC

3714 BUTLER RD
NEW BERN,NC28560 		    COMMUNITY CENTER 10,000

PUBLIC RADIO EAST

800 COLLEGE COURT
NEW BERN,NC28562 		    PUBLIC MEDIA PROGRAMMING & INCREASE THE REACH PROGRAM 40,000

REALIZE U 252

PO BOX 493
NEW BERN,NC28563 		    FRESH START INITATIVE: ADDICTION RECOVERY PROGRAM 10,000

RELIGIOUS COMM SERVICES OF NB INC

PO BOX 704
NEW BERN,NC28563 		    PREVENTING HOMELESSNESS WITH RENT AND UTILITY ASSISTANCE 12,500

RIVER BEND POLICE

45 SHORELINE DR
NEW BERN,NC28562 		    GENERAL DONATION 200

SALVATION ARMY OF JONES & ONSLOW COUNTY

461 CENTER ST
JACKSONVILLE,NC28546 		    DISCRETIONARY FUNDS 15,000

SECU FAMILY HOUSE AT UNC HOSPITALS

123 OLD MASON FARM RD
CHAPEL HILL,NC27517 		    ANNUAL OPERATING CAMPAIGN 20,000

SOUND RIVERS INC

2207 TRENT BLVD
NEW BERN,NC28560 		    CRAVEN COUNTY SCHOOLS: RESTORATION AND EDUCATION 5,000

SUDAN SHRINERS HOSPITAL FUND

PO DRAWER 490
NEW BERN,NC28563 		    SHRINERS HOSPITALS FOR CHILDREN 10,000

THE FILLING STATION INC

221 MAIN ST
POLLOCKSVILLE,NC28573 		    GENERAL DONATION 11,000

THE FILLING STATION INC

221 MAIN ST
POLLOCKSVILLE,NC28573 		    SUMMER CAMPS 10,000

THE NEW BERN GARDEN CLUB

510 C POLLOCK ST
NEW BERN,NC28560 		    GENERAL DONATION 729

TOWN OF BRIDGETON

408 BRIDGES ST
BRIDGETON,NC28519 		    BRIDGETON COMMUNITY SAFETY GRANT 7,700

TRAIL OF FAITH FARMS

2260 MIDDLE RD
TRENTON,NC28585 		    PROGRAM SUPPORT 10,000

TRIED BY FIRE INC

PO BOX 12691
NEW BERN,NC28561 		    MY SISTERS HOUSE: BUILDING FOR A BETTER FUTURE FOR WOMEN 12,000

TRYON CIVITAN CLUB

PMB 215 1822 S GLENBURNIE RD
NEW BERN,NC28562 		    GENERAL DONATION 250

TRYON PALACE COUNCIL OF FRIENDS

529 S FRONT ST
NEW BERN,NC28560 		    GENERAL DONATION 20,000

TWIN RIVERS YMCA

100 YMCA LANE
NEW BERN,NC28560 		    FINANCIAL ASSISTANCE, ADA AND GENERAL FACILITY IMPROVEMENTS 151,000

VOICES TOGETHER

88 VILCOM CENTER DR STE 100
CHAPEL HILL,NC27514 		    PROGRAM FOR STUDENTS WITH AUTISM - CRAVEN, JONES, AND PAMLICO COUNTY SCHOOLS 15,000

YMCA OF THE TRIANGLE AREA

2744 SEAFARER RD
ARAPAHOE,NC28510 		    CAMP SEA GULL AND CAMP SEAFARER YOUTH 10,000

ALLIES FOR CHERRY POINT TOMORROW

PO BOX 1673
NEW BERN,NC28563 		    GENERAL DONATION 10,000

ASSOCIATION FOR RETARDED CITIZENS OF CRAVEN COUNTY

1513 S GLENBURNIE RD STE D15
NEW BERN,NC28562 		    GENERAL DONATION 5,000

BIKE BOX PROJECT

405 HARBOR DR
NEW BERN,NC28560 		    GENERAL DONATION 15,000

CAROLINAEAST FOUNDATION

2007 NEUSE BLVD B
NEW BERN,NC28560 		    HAGEMAN NURSING SCHOLARSHIP 1,000

CHILDRENS THEATER WORKSHOP

PO BOX 493
ORIENTAL,NC28571 		    GENERAL DONATION 2,000

CRAVEN COMMUNITY COLLEGE FOUNDATION

800 COLLEGE COURT
NEW BERN,NC28562 		    FABRIC AWARDS 1,000

CRAVEN COUNTY HOSPICE

2818 NEUSE BLVD
NEW BERN,NC28560 		    GENERAL DONATION 1,000

MEDIATION CNETER OF EASTERN CAROLINA

233 MIDDLE ST
NEW BERN,NC28560 		    GENERAL DONATION 5,000

EAST CAROLINA AVIATION HERITAGE FOUNDATION

201 TOURIST CENTER DR
HAVELOCK,NC28532 		    GENERAL DONATIONGENERAL DONATION 1,000

GO GLOBAL NC COUNCIL INC

PO BOX 2162
WAKE FOREST,NC28532 		    GENERAL DONATION 40,000

HEATHER A PURTEE SCHOLARSHIP FUND

2200 SOUTH CHARLES BLVD
GREENVILLE,NC27858 		    GENERAL DONATION 1,000

IMAGINE PAMLICO

PO BOX 308
BAYBORO,NC28515 		    GENERAL DONATION 20,000

TOWN OF BAYBORO NC

30301 MAIN ST
BAYBORO,NC28515 		    GENERAL DONATION 35,000

ARTS TO END GENOCIDE

1620 OLD CHERRY PT RD
NEW BERN,NC28562 		    GENERAL DONATION 250

YOUTH NAVIGATING TOWARDS OPPORTUNITY

4921 HWY 304
BAYBORO,NC28515 		    GENERAL DONATION 22,500

VETERAN ENFORCERS MOTORCYCLE ASSOCIATION

516 HANCOCK ST
NEW BERN,NC28560 		    K9 UNIT CRAVEN COUNTY SHERIFF'S OFFICE 500
Total .................................right arrow 3a 1,909,052
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-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 61,084  
4 Dividends and interest from securities ....     18 630,911  
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 .....     18 827  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 1,119,636  
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 1,812,458 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,812,458
(See worksheet in line 13 instructions to verify calculations.)
Part XV-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 XV-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 (2024)
Form 990-PF (2024)
Page 13
Part XVI
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
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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.
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 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
THE HAROLD H BATE FOUNDATION INC
EIN:
56-2121302
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 1,268 1,266   1,266

TY 2024 AppliedToPriorYearElection
Name:
THE HAROLD H BATE FOUNDATION INC
EIN:
56-2121302
Election:
THE FOUNDATION MANAGER HEREBY STATES THE FOUNDATION IS MAKING AN ELECTION UNDER REG 53.4942(A)-3(D)(2) AND IS SPECIFYING THAT PART OF THE 2024 DISTRIBUTION IS MADE OUT OF UNDISTRIBUTED INCOME FOR 2019.

TY 2024 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
  22,406,318 29,908,827

TY 2024 LegalFeesSchedule
Name:
THE HAROLD H BATE FOUNDATION INC
EIN:
56-2121302
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL 418 419   419


TY 2024 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
PREPAID EXCISE TAX 28,623    


TY 2024 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 0 0   6,478
PUBLIC RELATIONS 0 0   3,710
POSTAGE 43 0   174
REPAIRS & MAINT 34 0   137
INSURANCE 527 527   4,220
UTILITIES 1,451 0   5,807
OFFICE EXPENSE 1,953 0   7,829
PAYROLL PROCESSING FEES 58 0   230


TY 2024 OtherIncomeSchedule2
Name:
THE HAROLD H BATE FOUNDATION INC
EIN:
56-2121302
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
K-1'S 827 827 827


TY 2024 OtherLiabilitiesSchedule
Name:
THE HAROLD H BATE FOUNDATION INC
EIN:
56-2121302
Description Beginning of Year - Book Value End of Year - Book Value
PAYROLL LIABILITIES 3,435 0


TY 2024 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 0 9,940   0
PROPERTY TAXES 551 0   1,654
PAYROLL TAXES 1,051 701   5,258
OTHER 0 12   0