Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2010
For calendar year 2010, or tax year beginning 12-01-2010 , and ending 11-30-2011
G
Check all that apply:
Name of foundation
THE STARE FUND
 

Number and street (or P.O. box number if mail is not delivered to street address)ROPES GRAY 800 BOYLSTON ST   Room/suite
City or town, state, and ZIP code
BOSTON, MA021993600
A Employer identification number

04-6026648
B Telephone number (see page 10 of the instructions)

(617) 951-7000
C bullet
D 1. bullet
H Check type of organization:
2. bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$8,243,635J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the 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 58 53  
4 Dividends and interest from securities...... 135,863 136,011  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 514,820
b Gross sales price for all assets on line 6a 3,299,122
7 Capital gain net income (from Part IV, line 2)... 514,765
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).......      
12 Total. Add lines 1 through 11........ 650,741 650,829  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 50 50   0
b Accounting fees (attach schedule)....... Click to see attachment 14,353 8,612   5,741
c Other professional fees (attach schedule).... Click to see attachment 29,819 27,001   2,818
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 11,000 2,601   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 70 186   35
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 55,292 38,450   8,594
25 Contributions, gifts, grants paid........ 398,135 398,135
26 Total expenses and disbursements. Add lines 24 and 25 453,427 38,450   406,729
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 197,314
b Net investment income (if negative, enter -0-) 612,379
c Adjusted net income (if negative, enter -0-)...  
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2010)
Form 990-PF (2010)
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...............      
2 Savings and temporary cash investments.......... 50,063 161,338 161,338
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 page 15 of the
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)........ 3,111,975 Click to see attachment2,487,423 2,789,937
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 4,120,106 Click to see attachment4,830,697 5,292,360
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 7,282,144 7,479,458 8,243,635
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)    
23 Total liabilities (add lines 17 through 22).......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 7,282,144 7,479,458
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 0 0
30 Total net assets or fund balances (see page 17 of the
instructions).................... 7,282,144 7,479,458
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 7,282,144 7,479,458
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 7,282,144
2 Enter amount from Part I, line 27a...................... 2 197,314
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 7,479,458
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 7,479,458
Form 990-PF (2010)
Form 990-PF (2010)
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 SCHEDULE K-1 (FORM 1054) 51-6573369 ISHARES S&P GSCI COMMODITY-INDEXED TR   2009-06-15 2010-12-31
b ABBOTT LABS - 20 SHS P 2009-06-22 2010-12-01
c ABBOTT LABS - 80 SHS P 2009-08-21 2010-12-01
d APPLE INC - 44 SHS P 2009-09-02 2010-12-01
e AFLAC INC - 140 SHS P 2010-02-05 2010-12-01
AVON PRODUCTS INC - 140 SHS P 2009-08-21 2010-12-01
BAIDU INC SPONS ADR - 63 SHS P 2010-10-15 2010-12-01
BAXTER INTL INC - 140 SHS P 2010-10-06 2010-12-01
CATERPILLAR INC - 130 SHS P 2009-09-22 2010-12-01
CELANESE CORP CL A - 230 SHS P 2010-10-29 2010-12-01
CLIFFS NATURAL RESOURCES INC - 140 SHS P 2009-09-10 2010-12-01
COCA COLA CO - 140 SHS P 2010-10-06 2010-12-01
COGNIZANT TECHNOLOGY SOLUTIONS CORP - 100 SHS P 2010-06-25 2010-12-01
DISNEY WALT CO NEW - 270 SHS P 2009-09-28 2010-12-01
EXXON MOBIL CORP - 130 SHS P 2010-11-05 2010-12-01
GOOGLE INC CLA - 21 SHS P 2009-08-21 2010-12-01
HALLIBURTON CO - 220 SHS P 2009-12-16 2010-12-01
HONEYWELL INTERNATIONAL INC - 200 SHS P 2009-08-21 2010-12-01
HONEYWELL INTERNATIONAL INC - 20 SHS P 2009-09-02 2010-12-01
JOHNSON CTLS INC - 260 SHS P 2009-08-21 2010-12-01
KRAFT FOODS INC CL A - 260 SHS P 2010-10-06 2010-12-01
LOWES CO INC - 300 SHS P 2009-10-13 2010-12-01
MORGAN STANLEY - 310 SHS P 2010-10-06 2010-12-01
OCCIDENTAL PETE CORP - 90 SHS P 2009-09-02 2010-12-01
QUESTAR CORP - 420 SHS P 2010-07-02 2010-12-01
ROVI CORP - 150 SHS P 2010-10-08 2010-12-01
SALESFORCE.COM - 74 SHS P 2010-06-21 2010-12-01
SOUTHWESTERN ENERGY CO - 220 SHS P 2010-04-21 2010-12-01
US BANCORP NEW - 330 SHS P 2009-08-28 2010-12-01
WATSON PHARMACEUTICALS INC - 190 SHS P 2010-10-18 2010-12-01
ASSURED GUARANTY LTD - 360 SHS P 2010-10-06 2010-12-01
COVIDIEN PLC - 170 SHS P 2010-10-06 2010-12-01
INVESCO LIMITED - 310 SHS P 2009-09-02 2010-12-01
ABBOTT LABS - 560 SHS P 2002-10-04 2010-12-08
ABBOTT LABS - 200 SHS P 2005-02-24 2010-12-08
ABBOTT LABS - 160 SHS P 2009-08-21 2010-12-08
ABBOTT LABS - 510 SHS P 2009-09-02 2010-12-08
CATERPILLAR INC - 100 SHS P 2009-09-22 2010-12-08
CLIFFS NATURAL RESOURCES INC - 120 SHS P 2009-09-10 2010-12-08
GOOGLE INC CLA - 16 SHS P 2009-08-21 2010-12-08
HALLIBURTON CO - 280 SHS P 2009-12-16 2010-12-08
SALESFORCE.COM - 64 SHS P 2010-06-21 2010-12-08
AVON PRODUCTS INC - 1940 SHS P 2009-06-22 2010-12-10
AVON PRODUCTS INC - 280 SHS P 2009-08-21 2010-12-10
AVON PRODUCTS INC - 1090 SHS P 2009-09-02 2010-12-10
AVON PRODUCTS INC - 90 SHS P 2010-10-06 2010-12-10
AFLAC INC - 130 SHS P 2010-02-05 2010-12-14
AGILENT TECHNOLOGIES INC - 230 SHS P 2010-12-09 2010-12-14
APPLE INC - 43 SHS P 2009-09-02 2010-12-14
BAIDU INC SPONS ADR - 67 SHS P 2010-10-15 2010-12-14
BAXTER INTL INC - 100 SHS P 2010-01-06 2010-12-14
BAXTER INTL INC - 40 SHS P 2010-07-23 2010-12-14
CARNIVAL CORP - 160 SHS P 2010-12-10 2010-12-14
CATERPILLAR INC - 90 SHS P 2009-09-22 2010-12-14
CELANESE CORP CL A - 200 SHS P 2010-10-29 2010-12-14
CLIFFS NATURAL RESOURCES INC - 130 SHS P 2009-09-10 2010-12-14
COCA COLA CO - 130 SHS P 2010-10-06 2010-12-14
COGNIZANT TECHNOLOGY SOLUTIONS CORP - 110 SHS P 2010-06-25 2010-12-14
DISNEY WALT CO NEW - 240 SHS P 2009-09-28 2010-12-14
EXXON MOBIL CORP - 130 SHS P 2010-11-05 2010-12-14
GOOGLE INC CLA - 18 SHS P 2009-08-21 2010-12-14
HALLIBURTON CO - 210 SHS P 2009-12-16 2010-12-14
HONEYWELL INTERNATIONAL INC - 200 SHS P 2009-09-02 2010-12-14
JOHNSON CTLS INC - 20 SHS P 2009-08-21 2010-12-14
JOHNSON CTLS INC - 220 SHS P 2009-09-02 2010-12-14
KRAFT FOODS INC CL A - 40 SHS P 2010-08-27 2010-12-14
KRAFT FOODS INC CL A - 140 SHS P 2010-10-06 2010-12-14
KRAFT FOODS INC CL A - 60 SHS P 2009-08-21 2010-12-14
LOWES CO INC - 230 SHS P 2009-10-13 2010-12-14
LOWES CO INC - 60 SHS P 2009-08-21 2010-12-14
OCCIDENTAL PETE CORP - 90 SHS P 2009-09-02 2010-12-14
MORGAN STANLEY - 290 SHS P 2010-10-06 2010-12-14
QUESTAR CORP - 400 SHS P 2010-07-02 2010-12-14
ROVI CORP - 140 SHS P 2010-10-08 2010-12-14
SALESFORCE.COM - 66 SHS P 2010-06-21 2010-12-14
SOUTHWESTERN ENERGY CO - 140 SHS P 2010-04-21 2010-12-14
SOUTHWESTERN ENERGY CO - 70 SHS P 2009-08-21 2010-12-14
US BANCORP NEW - 310 SHS P 2009-08-28 2010-12-14
WATSON PHARMACEUTICALS INC - 140 SHS P 2010-10-18 2010-12-14
ASSURED GUARANTY LTD - 330 SHS P 2010-10-06 2010-12-14
COVIDIEN PLC - 170 SHS P 2010-10-06 2010-12-14
INVESCO LIMITED - 300 SHS P 2009-09-02 2010-12-14
QUESTAR CORP - 1640 SHS P 2010-07-02 2011-01-24
QUESTAR CORP - 400 SHS P 2009-08-21 2010-01-25
QUESTAR CORP - 1210 SHS P 2010-07-02 2011-01-25
QUESTAR CORP - 320 SHS P 2009-09-02 2011-01-25
QUESTAR CORP - 350 SHS P 2009-09-02 2011-01-26
US BANCORP NEW - 2520 SHS P 2009-08-28 2011-01-26
US BANCORP NEW - 1870 SHS P 2009-09-02 2011-01-26
ASSURED GUARANTY LTD - 4700 SHS P 2010-10-06 2011-01-26
QUESTAR CORP - 170 SHS P 2009-09-02 2011-01-27
QUESTAR CORP - 170 SHS P 2009-06-22 2011-01-27
QUESTAR CORP - 172 SHS P 2009-06-22 2011-01-28
QUESTAR CORP - 1168 SHS P 2009-06-22 2011-01-31
AFLAC INC - 1840 SHS P 2010-02-05 2011-02-03
CLIFFS NATURAL RESOURCES INC - 860 SHS P 2009-09-10 2011-02-14
HONEYWELL INTERNATIONAL INC - 650 SHS P 2009-09-02 2011-02-14
OCCIDENTAL PETE CORP - 990 SHS P 2009-06-22 2011-03-24
OCCIDENTAL PETE CORP - 180 SHS P 2009-09-02 2011-03-24
SOUTHWESTERN ENERGY CO - 220 SHS P 2009-08-21 2011-03-24
APPLE INC - 55 SHS P 2009-09-02 2011-04-04
GOOGLE INC CLA - 3 SHS P 2009-08-21 2011-04-11
GOOGLE INC CLA - 30 SHS P 2009-09-02 2011-04-11
HALLIBURTON CO - 370 SHS P 2009-12-16 2011-04-20
GOOGLE INC CLA - 150 SHS P 2009-06-22 2011-04-21
GOOGLE INC CLA - 60 SHS P 2009-09-02 2011-04-21
EXXON MOBIL CORP - 300 SHS P 2010-06-18 2011-05-09
LOWES CO INC - 2220 SHS P 2009-06-22 2011-05-20
LOWES CO INC - 530 SHS P 2009-08-21 2011-05-20
LOWES CO INC - 1240 SHS P 2009-09-02 2011-05-20
MORGAN STANLEY - 4070 SHS P 2010-10-06 2011-06-20
SOUTHWESTERN ENERGY CO - 90 SHS P 2009-08-21 2011-07-20
SOUTHWESTERN ENERGY CO - 320 SHS P 2009-06-22 2011-07-20
COGNIZANT TECHNOLOGY SOLUTIONS CORP - 1570 SHS P 2010-06-25 2011-07-27
CARNIVAL CORP - 2110 SHS P 2010-12-10 2011-08-11
DISNEY WALT CO NEW - 240 SHS P 2009-09-28 2011-08-11
DISNEY WALT CO NEW - 250 SHS P 2009-09-24 2011-08-11
SOUTHWESTERN ENERGY CO - 1100 SHS P 2009-06-22 2011-08-17
SOUTHWESTERN ENERGY CO - 800 SHS P 2009-09-02 2011-08-17
SOUTHWESTERN ENERGY CO - 450 SHS P 2010-09-22 2011-08-17
BAIDU INC SPONS ADR - 117 SHS P 2010-10-15 2011-08-19
ALLSTATE CORP - 3370 SHS P 2011-02-03 2011-09-15
ALLSTATE CORP - 580 SHS P 2011-04-20 2011-09-15
AGILENT TECHNOLOGIES INC - 420 SHS P 2010-12-09 2011-10-21
APPLE INC - 81 SHS P 2009-09-02 2011-10-21
ARM HOLDINGS PLC-SPONS ADR - 590 SHS (WASH SALE-LOSS DISALLOWED) P 2011-04-21 2011-10-21
BB&T CORPORATION - 590 SHS P 2011-06-20 2011-10-21
BAIDU INC SPONS ADR - 127 SHS P 2010-10-15 2011-10-21
BAXTER INTL INC - 290 SHS P 2010-07-23 2011-10-21
CAMERON INTERNATIONAL CORP - 240 SHS P 2011-02-01 2011-10-21
CAMERON INTERNATIONAL CORP - 76 SHS P 2011-01-31 2011-10-21
CATERPILLAR INC - 260 SHS P 2009-09-22 2011-10-21
CELANESE CORP CL A - 440 SHS P 2010-10-29 2011-10-21
CITIGROUP INC - 630 SHS P 2011-01-26 2011-10-21
CLIFFS NATURAL RESOURCES INC - 140 SHS P 2009-09-10 2011-10-21
COCA COLA CO - 270 SHS P 2010-10-06 2011-10-21
DISNEY WALT CO NEW - 470 SHS P 2009-09-24 2011-10-21
DOVER CORP - 280 SHS P 2011-02-14 2011-10-21
EXXON MOBIL CORP - 250 SHS P 2010-06-18 2011-10-21
HALLIBURTON CO - 360 SHS P 2009-12-16 2011-10-21
HONEYWELL INTERNATIONAL INC - 250 SHS P 2009-09-02 2011-10-21
HONEYWELL INTERNATIONAL INC - 100 SHS P 2004-01-26 2011-10-21
JOHNSON CTLS INC - 530 SHS P 2009-09-02 2011-10-21
KRAFT FOODS INC CL A - 460 SHS P 2009-08-21 2011-10-21
KRAFT FOODS INC CL A - 80 SHS P 2009-09-02 2011-10-21
LAS VEGAS SANDS CORP - 430 SHS P 2011-05-20 2011-10-21
METLIFE INC - 500 SHS P 2011-09-15 2011-10-21
NEWFIELD EXPLORATION CO - 270 SHS P 2011-08-17 2011-10-21
ROVI CORP - 330 SHS P 2011-04-04 2011-10-21
SALESFORCE.COM - 141 SHS P 2011-04-11 2011-10-21
SALESFORCE.COM - 32 SHS P 2010-06-21 2011-10-21
TERADATA CORP - 370 SHS P 2011-07-27 2011-10-21
VALERO ENERGY CORP 820 SHS P 2011-03-24 2011-10-21
WATSON PHARMACEUTICALS INC - 310 SHS P 2010-10-18 2011-10-21
ARCOS DORADOS HOLDINGS - 400 SHS P 2011-08-11 2011-10-21
COVIDIEN PLC - 100 SHS P 2010-10-06 2011-10-21
COVIDIEN PLC - 250 SHS P 2009-08-21 2011-10-21
INVESCO LIMITED - 470 SHS P 2009-09-02 2011-10-21
INVESCO LIMITED - 200 SHS P 2009-08-21 2011-10-21
BNY MELLON SMALL CAP STOCK FD-M - 17,877.095 SHS P 2009-09-14 2011-10-26
BNY MELLON EMERG MKT FD-M - 24,074.829 SHS P 2008-12-22 2011-10-26
BNY MELLON EMERG MKT FD-M - 7,978.948 SHS P 2009-08-21 2011-10-26
BNY MELLON EMERG MKT FD-M - 245.194 SHS P 2009-12-22 2011-10-26
BNY MELLON EMERG MKT FD-M - 147.094 SHS P 2010-12-21 2011-10-26
EXXON MOBIL CORP - 200 SHS P 2010-06-18 2011-10-26
BAIDU INC SPONS ADR - 217 SHS P 2010-10-15 2011-10-27
BAXTER INTL INC - 1670 SHS P 2010-07-23 2011-11-08
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     55 -55
b 940   943 -3
c 3,762   3,660 102
d 13,946   7,302 6,644
e 7,425   6,660 765
7,049   7,894 -845
6,704   6,281 423
6,912   6,755 157
11,384   7,066 4,318
8,850   8,298 552
9,849   3,849 6,000
9,047   8,327 720
6,676   5,318 1,358
10,033   7,667 2,366
9,262   9,077 185
11,927   9,742 2,185
8,645   6,611 2,034
10,180   7,282 2,898
1,018   718 300
9,828   6,570 3,258
7,958   8,190 -232
7,059   6,459 600
7,719   7,970 -251
8,122   6,493 1,629
7,043   6,412 631
8,215   7,498 717
10,671   7,151 3,520
8,140   8,968 -828
7,956   7,429 527
9,420   9,003 417
6,213   6,481 -268
7,301   6,880 421
6,925   6,225 700
26,042   21,655 4,387
9,301   9,106 195
7,441   7,320 121
23,717   23,041 676
8,955   5,436 3,519
8,555   3,299 5,256
9,391   7,423 1,968
11,234   8,414 2,820
9,471   6,184 3,287
56,629   50,129 6,500
8,173   9,209 -1,036
31,817   33,523 -1,706
2,627   2,876 -249
7,254   6,184 1,070
8,919   8,725 194
13,807   7,137 6,670
7,269   6,680 589
5,034   4,825 209
2,014   1,762 252
6,933   7,067 -134
8,292   4,892 3,400
7,922   7,216 706
9,842   3,574 6,268
8,425   7,732 693
7,732   5,850 1,882
8,923   6,815 2,108
9,389   9,077 312
10,746   8,350 2,396
8,624   6,310 2,314
10,410   7,176 3,234
758   506 252
8,333   5,273 3,060
1,238   1,190 48
4,334   4,410 -76
1,858   1,734 124
5,745   4,952 793
1,499   1,259 240
8,476   6,493 1,983
7,792   7,456 336
6,992   6,107 885
7,987   6,998 989
9,518   6,378 3,140
5,051   5,707 -656
2,526   2,850 -324
8,117   6,979 1,138
6,832   6,634 198
6,138   5,941 197
7,456   6,880 576
6,924   6,024 900
29,217   25,039 4,178
7,013   4,528 2,485
21,214   18,474 2,740
5,610   3,461 2,149
6,122   3,786 2,336
67,150   56,733 10,417
49,830   38,818 11,012
69,041   84,618 -15,577
2,969   1,839 1,130
2,969   1,800 1,169
3,007   1,821 1,186
20,351   12,369 7,982
104,693   87,530 17,163
79,266   23,646 55,620
37,248   23,321 13,927
99,046   62,439 36,607
18,008   12,986 5,022
9,537   8,958 579
18,713   9,128 9,585
1,728   1,392 336
17,277   13,617 3,660
18,372   11,118 7,254
78,641   62,509 16,132
31,457   27,234 4,223
24,931   18,967 5,964
54,514   41,292 13,222
13,015   11,125 1,890
30,449   25,952 4,497
92,025   104,640 -12,615
4,278   3,665 613
15,212   12,826 2,386
109,843   83,488 26,355
64,052   93,198 -29,146
7,738   6,815 923
8,060   6,986 1,074
42,912   44,088 -1,176
31,209   28,812 2,397
17,555   14,492 3,063
15,210   11,664 3,546
84,591   105,415 -20,824
14,559   18,059 -3,500
14,738   15,932 -1,194
31,870   13,443 18,427
15,871   15,871 0
13,565   15,420 -1,855
15,466   12,661 2,805
15,875   12,772 3,103
13,098   14,295 -1,197
3,771   4,022 -251
22,643   14,133 8,510
17,411   15,874 1,537
18,958   30,633 -11,675
8,394   3,849 4,545
18,320   16,060 2,260
16,479   13,134 3,345
14,714   18,893 -4,179
19,998   15,806 4,192
12,064   10,817 1,247
12,840   8,970 3,870
5,136   3,576 1,560
17,321   12,704 4,617
16,142   13,294 2,848
2,807   2,243 564
17,682   18,086 -404
16,661   16,214 447
9,853   14,584 -4,731
15,751   17,313 -1,562
18,130   19,065 -935
4,115   3,092 1,023
20,468   20,485 -17
19,460   23,631 -4,171
21,388   14,689 6,699
8,909   9,522 -613
4,529   4,047 482
11,322   9,997 1,325
8,705   9,438 -733
3,704   4,000 -296
187,710   160,000 27,710
236,656   138,912 97,744
78,433   70,295 8,138
2,410   2,420 -10
1,446   1,699 -253
16,000   12,645 3,355
29,835   21,634 8,201
90,801   73,547 17,254
400     400
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       -55
b       -3
c       102
d       6,644
e       765
      -845
      423
      157
      4,318
      552
      6,000
      720
      1,358
      2,366
      185
      2,185
      2,034
      2,898
      300
      3,258
      -232
      600
      -251
      1,629
      631
      717
      3,520
      -828
      527
      417
      -268
      421
      700
      4,387
      195
      121
      676
      3,519
      5,256
      1,968
      2,820
      3,287
      6,500
      -1,036
      -1,706
      -249
      1,070
      194
      6,670
      589
      209
      252
      -134
      3,400
      706
      6,268
      693
      1,882
      2,108
      312
      2,396
      2,314
      3,234
      252
      3,060
      48
      -76
      124
      793
      240
      1,983
      336
      885
      989
      3,140
      -656
      -324
      1,138
      198
      197
      576
      900
      4,178
      2,485
      2,740
      2,149
      2,336
      10,417
      11,012
      -15,577
      1,130
      1,169
      1,186
      7,982
      17,163
      55,620
      13,927
      36,607
      5,022
      579
      9,585
      336
      3,660
      7,254
      16,132
      4,223
      5,964
      13,222
      1,890
      4,497
      -12,615
      613
      2,386
      26,355
      -29,146
      923
      1,074
      -1,176
      2,397
      3,063
      3,546
      -20,824
      -3,500
      -1,194
      18,427
      0
      -1,855
      2,805
      3,103
      -1,197
      -251
      8,510
      1,537
      -11,675
      4,545
      2,260
      3,345
      -4,179
      4,192
      1,247
      3,870
      1,560
      4,617
      2,848
      564
      -404
      447
      -4,731
      -1,562
      -935
      1,023
      -17
      -4,171
      6,699
      -613
      482
      1,325
      -733
      -296
      27,710
      97,744
      8,138
      -10
      -253
      3,355
      8,201
      17,254
      400
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 2 514,765
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 pages 13 and 17 of the instructions).
If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the 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))
2009 340,783 8,070,266 0.042227
2008 413,428 7,023,090 0.058867
2007 438,130 8,414,628 0.052068
2006 425,703 9,282,600 0.045860
2005 378,869 8,585,970 0.044127
2 Total of line 1, column (d) ...................... 2 0.243149
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years. . . 		3 0.048630
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 8,852,616
5 Multiply line 4 by line 3....................... 5 430,503
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 6,124
7 Add lines 5 and 6......................... 7 436,627
8 Enter qualifying distributions from Part XII, line 4.............. 8 406,729
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 on page 18.
Form 990-PF (2010)
Form 990-PF (2010)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 12,248
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 12,248
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 12,248
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 15,999
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 15,999
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 14
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 3,737
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet3,737 Refunded Bullet 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 page 19 of
the 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 page 19 of the
    instructions)bulletMA
    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 2010 or the taxable year beginning in 2010 (see instructions for Part XIV on
    page 27)? 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
    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 page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletROPES GRAY LLP EDWARD J JOYCE E Telephone no.bullet (617) 951-7000
    Located atbullet800 BOYLSTON ST 30TH FLBOSTONMA ZIP+4bullet021993600
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 5
    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 page 20 of the 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 2010?.............
    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 2010, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2010?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2010 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 2010.)....................
    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 2010?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the 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 page 22 of the instructions)?
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 6
    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 page 22 of the 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
    FREDRICK A STARE TRUSTEE
    0.00     		0 0 0
    C/O ROPES GRAY LLP 800 BOYLSTON ST
    BOSTON,MA021993600
    MARY S WILKINSON TRUSTEE
    0.00     		0 0 0
    C/O ROPES GRAY LLP 800 BOYLSTON ST
    BOSTON,MA021993600
    DAVID S STARE TRUSTEE
    0.00     		0 0 0
    C/O ROPES GRAY LLP 800 BOYLSTON ST
    BOSTON,MA021993600
    IRENE M STARE TRUSTEE
    0.00     		0 0 0
    C/O ROPES GRAY LLP 800 BOYLSTON ST
    BOSTON,MA021993600
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the 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...................bullet 0
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    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 THE STARE FUND MAKES GRANTS TO VARIOUS CHARITABLE ENTITIES THAT HAVE BEEN PRE-SELECTED BY THE TRUSTEES. 0
    2  
    3  
    4  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the 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 page 24 of the instructions.
    3  
    Total. Add lines 1 through 3...........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the 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
    8,516,800
    b
    Average of monthly cash balances.......................
    1b
    470,627
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    8,987,427
    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
    8,987,427
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    134,811
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    8,852,616
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    442,631
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    442,631
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    12,248
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    12,248
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    430,383
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    430,383
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1.................................
    7
    430,383
    Part XII
    Qualifying Distributions (see page 25 of the 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
    406,729
    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
    406,729
    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 page 26 of the instructions)............
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    406,729
    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 (2010)
    Form 990-PF (2010)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2009     		(c)
    2009     		(d)
    2010
    1 Distributable amount for 2010 from Part XI, line 7 430,383
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 396,542
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2010:
    a From 2005.......  
    b From 2006.......  
    c From 2007.......  
    d From 2008.......  
    e From 2009.......  
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 406,729
    a Applied to 2009, but not more than line 2a 396,542
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		 0
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		0
    d Applied to 2010 distributable amount..... 10,187
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2010. 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 page 27 of the instructions ...     		0
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		0
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		420,196
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		0
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		0
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007....  
    c Excess from 2008....  
    d Excess from 2009....  
    e Excess from 2010....  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the 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 2010, 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) 2010 (b) 2009 (c) 2008 (d) 2007
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the 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 of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 10
    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
    ALOHA FOUNDATION INC
    2968 LAKE MOREY ROAD
    FAIRLEE,VT050459400     		NONE CHARITY UNRESTRICTED 3,000
    AMERICAN CANCER SOCIETY
    1451 GUERNEVILLE RD SUITE 220
    SANTA ROSA,CA95403     		NONE CHARITY UNRESTRICTED 20,000
    AMERICAN COUNCIL ON SCIENCE & HEALTH
    1995 BROADWAY
    NEW YORK,NY100235860     		NONE CHARITY UNRESTRICTED 7,500
    BLUE HILL SOCIETY FOR AID TO CHILDREN INC
    P O BOX 472
    BLUE HILL,ME04614     		NONE CHARITY UNRESTRICTED 5,000
    BOSTON SYMPHONY ORCHESTRA
    301 MASSACHUSETTS AVE
    BOSTON,MA02115     		NONE CHARITY UNRESTRICTED 7,000
    CHICAGO JAZZ ORCHESTRA ASSOCIATION
    6051 NORTH MOZART STREET 3
    CHICAGO,IL606592593     		NONE CHARITY UNRESTRICTED 30,000
    CITY OF HEALDSBURG CA
    133 MATHESON ST
    HEALDSBURG,CA95448     		NONE CHARITY HEALDSBURG SENIOR CENTER 500
    COLUMBUS COMMUNITY HOSPITAL FOUNDATION
    1515 PARKS AVENUE
    COLUMBUS,WI53925     		NONE CHARITY STARE NURSING SCHOLARSHIP FUND 12,000
    DUKE DIVINITY SCHOOL DUKE UNIVERSITY
    407 CHAPEL DRIVE PO BOX 90968
    DURHAM,NC277080968     		NONE CHARITY WILLIAM KELLON QUICK SCHOLARSHIP ENDOWMENT FD 2,000
    DURHAM PUBLIC LIBRARY
    7 MAPLE AVENUE
    DURHAM,CT064222112     		NONE CHARITY UNRESTRICTED 4,000
    FRIEND MEMORIAL PUBLIC LIBRARY
    1 RANCH ROAD
    BROOKLIN,ME04616     		NONE CHARITY UNRESTRICTED 4,500
    GLOBAL PARTNERS FOR DEVELOPMENT
    320 PROFESSIONAL CENTER DRIVE SUITE
    120
    ROHNERT PARK,CA94928     		NONE CHARITY UNRESTRICTED 20,000
    HARVARD SCHOOL OF PUBLIC HEALTH DEPT OF NUTRITION
    677 HUNTINGTON AVENUE
    BOSTON,MA021156018     		NONE CHARITY I M & F J STARE SCHOLARSHIP FUND 35,000
    HEALTH HORIZONS INTERNATIONAL FOUNDATION INC
    314 MAIN ST
    OAKVILLE,CT06779     		NONE CHARITY UNRESTRICTED 15,000
    KISMET ROCK FOUNDATION
    P O BOX 1744
    NORTH CONWAY,NH03860     		NONE CHARITY UNRESTRICTED 6,000
    KRCB PUBLIC RADIO
    5850 LABATH AVE
    ROHNERT PARK,CA94928     		NONE CHARITY UNRESTRICTED 5,000
    LAHEY CLINIC
    PHILANTHROPY OFFICE 41 MALL ROAD
    BURLINGTON,MA01805     		NONE CHARITY DR CHARLES FAGER ENDOWMENT FUND 2,000
    LOWN CARDIOVASCULAR RESEARCH FOUNDATION INC
    21 LONGWOOD AVENUE
    BROOKLINE,MA02446     		NONE CHARITY UNRESTRICTED 50,000
    MALTA HOUSE OF CARE FOUNDATION INC
    19 WOODLAND ST SUITE 37
    HARTFORD,CT06105     		NONE CHARITY UNRESTRICTED 10,000
    MIDDLESEX MEMORIAL HOSPITAL
    28 CRESCENT ST
    MIDDLETOWN,CT064573654     		NONE CHARITY UNRESTRICTED 4,000
    MUSEUM OF FINE ARTS BOSTON
    465 HUNTINGTON AVE
    BOSTON,MA02115     		NONE CHARITY UNRESTRICTED 2,000
    NATICK VISITING NURSES ASSOCIATION
    209 WEST CENTRAL ST
    NATICK,MA01760     		NONE CHARITY UNRESTRICTED 21,000
    NATIONAL MULTIPLE SCLEROSIS SOCIETY NORTHERN CALIFORNIA CHAPTER
    1700 OWENS ST SUITE 190
    SAN FRANCISCO,CA94158     		NONE CHARITY UNRESTRICTED 20,000
    NEWTON-WELLESLEY HOSPITAL
    2014 WASHINGTON ST
    NEWTON,MA02462     		NONE CHARITY DR RICHARD CURTIS RESEARCH PROJECT 20,000
    NORTHERN MIDDLESEX YMCA
    99 UNION ST
    MIDDLETOWN,CT06457     		NONE CHARITY UNRESTRICTED 10,000
    ODD FELLOWS PLAYHOUSE
    WASHINGTON ST
    MIDDLETOWN,CT06457     		NONE CHARITY UNRESTRICTED 10,000
    PERKINS SCHOOL FOR THE BLIND
    175 NORTH BEACON ST
    WATERTOWN,MA02472     		NONE CHARITY UNRESTRICTED 10,135
    SANTA ROSA SYMPHONY ORCHESTRA ASSOCIATION
    DEVELOPMENT OFFICE 50 SANTA ROSA
    AVE
    SANTA ROSA,CA95404     		NONE CHARITY UNRESTRICTED 20,000
    SOUTH PARK INN
    75 MAIN ST
    HARTFORD,CT06106     		NONE CHARITY UNRESTRICTED 5,000
    ST VINCENT DE PAUL PLACE
    615 MAIN ST
    MIDDLETOWN,CT06457     		NONE CHARITY AMAZING FOOD PANTRY 5,000
    WELLESLEY FREE LIBRARY
    530 WAHINGTON ST
    WELLESLEY,MA02482     		NONE CHARITY UNRESTRICTED 2,500
    WINN PARISH LIBRARY
    205 WEST MAIN ST
    WINNFIELD,LA714832718     		NONE CHARITY UNRESTRICTED 30,000
    Total .................................bullet 3a 398,135
    bApproved for future payment
    Total ..................................bullet 3b 0
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 11
    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 page 28 of
    the 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....          
    3Interest on savings and temporary cash investments     14 58  
    4 Dividends and interest from securities....     14 135,863  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     18 514,820  
    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).. 0 650,741 0
    13Total. Add line 12, columns (b), (d), and (e)...................
    13650,741
    (See worksheet in line 13 instructions on page 28 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 organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 12
    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
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash....................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements............................
    1b(4)
     
    No
    (5) Loans or loan guarantees..............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    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 or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2010)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2010 AccountingFeesSchedule
    Name:
    THE STARE FUND
    EIN: 04-6026648
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ROPES & GRAY - TAX PREP 14,353 8,612   5,741

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    THE STARE FUND
    EIN: 04-6026648
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AVON PRODUCTS INC 0 0
    KRAFT FOODS INC CL A 77,596 106,643
    ABBOTT LABS 0 0
    COVIDIEN PLC 73,851 91,100
    OCCIDENTAL PETE CORP 0 0
    CATERPILLAR INC 73,381 132,138
    HONEYWELL INTERNATIONAL INC 64,182 102,885
    CLIFFS NATURAL RESOURCES INC 19,797 48,823
    APPLE INC 67,542 176,959
    GOOGLE INC-CL A 0 0
    JOHNSON CTLS INC 61,415 91,922
    LOWES COS INC 0 0
    DISNEY WALT CO NEW 70,699 90,700
    INVESCO LIMITED 61,624 70,470
    US BANCORP NEW 0 0
    QUESTAR CORP 0 0
    SOUTHWESTERN ENERGY CO 0 0
    ASSURED GUARNATY LTD 0 0
    AFLAC INC 0 0
    BAIDU INC SPONS ADR 47,754 62,744
    BAXTER INTL INC 0 0
    CELANESE CORP CL A 88,751 114,365
    COCA COLA CO 89,747 108,240
    COGNIZANT TECHNOLOGY SOLUTIONS CORP 0 0
    EXXON MOBIL CORP 66,386 84,462
    HALLIBURTON CO 72,215 88,320
    MORGAN STANLEY 0 0
    ROVI CORP 97,028 53,835
    SALESFORCE.COM 87,689 108,473
    WATSON PHARMACEUTICALS INC 83,868 114,377
    AIGILENT TECHNOLOGIES 90,366 90,000
    ARCOS DORADOS HOLDINGS INC 55,467 51,074
    ARM HOLDINGS PLC-SPONS ADR 127,055 115,059
    BB&T CORPORATION 77,098 68,352
    CAMERON INTERNATIONAL CORP 97,313 102,581
    CITIGROUP INC 168,451 95,685
    DOVER CORP 95,139 77,508
    EXPRESS SCRIPTS INC CL A 92,144 88,104
    LAS VEGAS SANDS CORP 97,759 108,834
    METLIFE INC 85,288 82,792
    NEWFIELD EXPLORATION CO 77,783 65,952
    TERADATA CORP 107,060 108,460
    VALERO ENERGY CORP 112,975 89,080

    TY 2010 InvestmentsOtherSchedule2
    Name:
    THE STARE FUND
    EIN: 04-6026648
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    DREYFUS/STANDISH FIXED INCOME FD AT COST 2,152,133 2,348,541
    ISHARES S&P GSCI COMMODITY-INDEXED TRUST AT COST 88,138 96,133
    BNY MELLON EMERGING MARKETS FD AT COST 0 0
    BNY MELLON INTERNATIONAL FD AT COST 380,806 360,940
    STRATEGIC GLOBAL STOCK FUND (DREYFUS PREM) AT COST 351,222 416,730
    BNY MELLON MID CAP STOCK FUND AT COST 681,353 697,706
    BNY MELLON SMALL CAP STOCK FUND AT COST 0 0
    DREYFUS/THE BOSTON COMPANY SMALL CAP GROWTH FD AT COST 205,535 341,339
    DREYFUS/THE BOSTON COMPANY SMALL CAP VALUE FD AT COST 155,997 201,421
    DREYFUS US EQUITY FUND-I AT COST 500,000 514,420
    VANGUARD MSCI EMERGING MARKETS ETF AT COST 315,513 315,130

    TY 2010 LegalFeesSchedule
    Name:
    THE STARE FUND
    EIN: 04-6026648
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ROPES & GRAY - ADMIN TAX MATTERS 50 50   0


    TY 2010 OtherExpensesSchedule
    Name:
    THE STARE FUND
    EIN: 04-6026648
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MA PC FILING FEES 70 35   35
    ISHARES S&P GSCI COMMODITY-INDEXED TR K-1 0 151   0


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    THE STARE FUND
    EIN: 04-6026648
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 22,775 22,775   0
    ROPES & GRAY - ACCOUNTING/BOOKKEEPING 7,044 4,226   2,818
      0 0   0


    TY 2010 TaxesSchedule
    Name:
    THE STARE FUND
    EIN: 04-6026648
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX W/H 0 2,601   0
    PRIOR YR EXISE TAX EXTENSION PYMT 4,000 0   0
    CURRENT F/Y EXCISE TAX PAYMENTS 7,000 0   0