$36K in expenses

The foundation is operated exclusively for the benefit and support of bath community hospital (the "hospital") and to assist the hospital in carrying out its charitable purposes. The hospital draws funds from the foundation based on the hospital's cash requirements to fund operations, capital equipment and capital improvements. Bath community hospital is a named perpetual beneficiary of the lettie pate evans trust. As a named beneficiary, the hospital receives substantial support on an annual basis. The hospital passes this contribution to the foundation, with the intent to grow the foundation to ensure continued and long term support of the hospital.