Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 12-01-2015 , and ending 11-30-2016
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 or province, country, and ZIP or foreign postal code
BOSTON, MA021993600
A Employer identification number

04-6026648
B Telephone number (see instructions)

(617) 951-7000
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$9,670,443J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 75 75  
4 Dividends and interest from securities... 185,895 181,043  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 348,421
b Gross sales price for all assets on line 6a 2,274,096
7 Capital gain net income (from Part IV, line 2)... 348,806
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........ 534,391 529,924  
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).........        
b Accounting fees (attach schedule)....... Click to see attachment 9,240 5,544   3,696
c Other professional fees (attach schedule).... Click to see attachment 48,879 35,128   8,220
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 9,000 2,756   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 0   70
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 67,189 43,428   11,986
25 Contributions, gifts, grants paid....... 474,000 474,000
26 Total expenses and disbursements. Add lines 24 and 25 541,189 43,428   485,986
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -6,798
b Net investment income (if negative, enter -0-) 486,496
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 9,864 2 2
2 Savings and temporary cash investments......... 18,197 51,984 51,984
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 2,943,307 Click to see attachment2,736,584 3,253,439
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).......... 5,722,953 Click to see attachment5,899,339 6,365,018
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) 8,694,321 8,687,909 9,670,443
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........ 8,694,321 8,687,909
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 instructions)..... 8,694,321 8,687,909
31 Total liabilities and net assets/fund balances (see instructions). 8,694,321 8,687,909
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
8,694,321
2
Enter amount from Part I, line 27a .....................
2
-6,798
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
386
4
Add lines 1, 2, and 3 ..........................
4
8,687,909
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
8,687,909
Form 990-PF (2015)
Form 990-PF (2015)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a SALES OF PUBLICLY TRADING SECURITIES      
b SALES OF PUBLICLY TRADING SECURITIES      
c 10 SHS DARDEN RESTAURANTS INC   2015-07-22 2016-07-20
d 20 SHS GREAT PLAINS ENERGY INC   2016-05-26 2016-07-20
e 150 SHS GENERAL ELECTRIC CO   2016-07-25 2016-10-05
1 SHS KIMBERLY CLARK CORP   2016-08-26 2016-10-05
10 SHS WORLD FULE SERVICES CORP   2016-09-26 2016-10-05
10 SHS DISNEY WALT CO NEW   2009-09-24 2016-07-20
40 SHS APPLE INC   2009-06-22 2016-10-05
40 SHS DISNEY WALT CO NEW   2009-09-24 2016-10-05
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 681,331   714,082 -32,751
b 1,307,120   1,202,766 104,354
c 628   628 0
d 604   604 0
e 4,421   4,421 0
123   123 0
464   464 0
984   279 705
4,518   805 3,713
3,701   1,118 2,583
270,202     270,202
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       -32,751
b       104,354
c       0
d       0
e       0
      0
      0
      705
      3,713
      2,583
      270,202
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 2 348,806
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)
If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2014 415,793 9,970,893 0.041701
2013 482,861 9,870,793 0.048918
2012 445,410 9,125,170 0.048811
2011 424,824 8,546,730 0.049706
2010 406,729 8,852,616 0.045944
2
Total of line 1, column (d) .....................
20.235080
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
0.047016
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
9,514,789
5
Multiply line 4 by line 3......................
5
447,347
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
4,865
7
Add lines 5 and 6........................
7
452,212
8
Enter qualifying distributions from Part XII, line 4.............
8
485,986
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2015)
Form 990-PF (2015)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bullet and enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 4,865
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 4,865
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 4,865
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 5,121
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 7,200
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 12,321
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 7,456
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet7,456 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    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 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletROPES GRAY LLP CAMERON CASEY ES Telephone no.bullet (617) 951-7000

    Located atbullet800 BOYLSTON ST 26TH 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 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    FREDRICK A STARE TRUSTEE
    0.30     		0 0 0
    C/O ROPES GRAY LLP 800 BOYLSTON ST
    BOSTON,MA021993600
    MARY S WILKINSON TRUSTEE
    0.30     		0 0 0
    C/O ROPES GRAY LLP 800 BOYLSTON ST
    BOSTON,MA021993600
    DAVID S STARE TRUSTEE
    0.30     		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 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 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  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    9,606,994
    b
    Average of monthly cash balances.......................
    1b
    52,690
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    9,659,684
    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
    9,659,684
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    144,895
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    9,514,789
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    475,739
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    475,739
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    4,865
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    4,865
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    470,874
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    470,874
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    470,874
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    485,986
    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
    485,986
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    4,865
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    481,121
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2014     		(c)
    2014     		(d)
    2015
    1 Distributable amount for 2015 from Part XI, line 7 470,874
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 465,837
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 485,986
    a Applied to 2014, but not more than line 2a 465,837
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2015 distributable amount..... 20,149
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2015. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		450,725
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015....  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2015, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address 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 (2015)
    Form 990-PF (2015)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    10000 DEGREES
    1650 LOS GAMOS DR 110
    SAN RAFAEL,CA94903     		NONE PUBLIC CHARITY SCHOLARSHIP PROGRAMS 5,500
    ALOHA FOUNDATION INC
    2968 LAKE MOREY ROAD
    FAIRLEE,VT050459400     		NONE PC UNRESTRICTED 2,000
    AMERICAN CANCER SOCIETY
    1451 GUERNEVILLE RD SUITE 220
    SANTA ROSA,CA95403     		NONE PC UNRESTRICTED 5,000
    BLUE HILL SOCIETY FOR AID TO CHILDREN INC
    P O BOX 472
    BLUE HILL,ME04614     		NONE PC NICHOLS DEVELOPMENT FUND 7,000
    CHICAGO JAZZ ORCHESTRA ASSOCIATION
    6051 NORTH MOZART STREET 3
    CHICAGO,IL606592593     		NONE PC UNRESTRICTED 79,000
    CTEF - CAREER TECHNICAL EDUCATION FOUNDATION INC
    2901 RIGSBY LANE
    SAFETY HARBOR,FL34695     		NONE PC UNRESTRICTED 10,000
    DURHAM PUBLIC LIBRARY
    7 MAPLE AVENUE
    DURHAM,CT064222112     		NONE PC UNRESTRICTED 5,000
    FRIEND MEMORIAL PUBLIC LIBRARY
    1 REACH ROAD
    BROOKLIN,ME04616     		NONE PC UNRESTRICTED 4,000
    GLOBAL PARTNERS FOR DEVELOPMENT
    320 PROFESSIONAL CENTER DRIVE SUITE
    120
    ROHNERT PARK,CA94928     		NONE PC UNRESTRICTED 33,000
    HARVARD SCHOOL OF PUBLIC HEALTH DEPT OF NUTRITION
    677 HUNTINGTON AVENUE
    BOSTON,MA021156018     		NONE PC I M & F J STARE SCHOLARSHIP FUND 15,000
    HEALDSBURG EDUCATION FOUNDATION
    1028 PRINCE AVENUE
    HEALDSBURG,CA95448     		NONE PC UNRESTRICTED 12,000
    HEALDSBURG JAZZ
    P 0 BOX 261
    HEALDSBURG,CA95448     		NONE PC ANNUAL JAZZ FESTIVAL 5,000
    HEALTH HORIZONS INTERNATIONAL FOUNDATION INC
    314 MAIN ST
    OAKVILLE,CT06779     		NONE PC UNRESTRICTED 35,000
    HEARTHSTONE VILLAGE
    P O BOX 933
    UKIAH,CA95482     		NONE PUBLIC CHARITY FAMILY SERVICES 5,000
    KISMET ROCK FOUNDATION
    P O BOX 1744
    NORTH CONWAY,NH03860     		NONE PC UNRESTRICTED 5,000
    KRCB PUBLIC RADIO
    5850 LABATH AVE
    ROHNERT PARK,CA94928     		NONE PC UNRESTRICTED 5,000
    LOWN CARDIOVASCULAR RESEARCH FOUNDATION INC
    21 LONGWOOD AVENUE
    BROOKLINE,MA02446     		NONE PC UNRESTRICTED 79,000
    MALTA HOUSE OF CARE FOUNDATION INC
    19 WOODLAND ST SUITE 37
    HARTFORD,CT06105     		NONE PC UNRESTRICTED 20,000
    MASSACHUSETTS INSTITUTE OF TECHNOLOGY
    600 MEMORIAL DRIVE
    CAMBRIDGE,MA021394822     		NONE PC UNRESTRICTED 5,000
    NORTH SONOMA COUNTY SERVICES
    209 MATHESON ST
    HEALDSBURG,CA95448     		NONE PUBLIC CHARITY GENERAL PURPOSES FOR HOMELESS 5,000
    NORTHERN MIDDLESEX YMCA
    99 UNION ST
    MIDDLETOWN,CT06457     		NONE PC UNRESTRICTED 7,000
    ODD FELLOWS PLAYHOUSE
    WASHINGTON ST
    MIDDLETOWN,CT06457     		NONE PC UNRESTRICTED 10,000
    PLIMOUTH PLANTATION
    137 WARREN AVE
    PLYMOUTH,MA02360     		NONE PUBLIC CHARITY GENERAL - ANNUAL FUND 5,000
    RAVEN PERFORMING ARTS THEATRE
    115 NORTH ST
    HEALDSBURG,CA95448     		NONE PC HEALDSBURG SENIOR CENTER 5,000
    SANTA ROSA JUNIOR COLLEGE FOUNDATION
    1501 MENDOCINO AVENUE
    SANTA ROSA,CA95401     		NONE PC AG FUND 2,000
    SANTA ROSA SYMPHONY ORCHESTRA ASSOCIATION
    DEVELOPMENT OFFICE 50 SANTA ROSA
    AVE
    SANTA ROSA,CA95404     		NONE PC UNRESTRICTED 25,000
    SONOMA COUNTY PHILHARMONIC ORCHESTRA
    P O BOX 7438
    COTATI,CA949317438     		NONE PC UNRESTRICTED 2,000
    SONOMA STATE UNIVERSITY ACADEMIC FOUNDATION INC
    1801 E COTATI AVE
    ROHNERT PARK,CA94928     		NONE PUBLIC CHARITY GENERAL PURPOSES OF THE FOUNDATION 2,000
    SOUTH PARK INN
    75 MAIN ST
    HARTFORD,CT06106     		NONE PC UNRESTRICTED 10,000
    ST VINCENT DE PAUL PLACE
    615 MAIN ST
    MIDDLETOWN,CT06457     		NONE PC AMAZING FOOD PANTRY 10,000
    THE NATURE CONSERVANCY
    4245 N FAIRFAX DRIVE SUITE 100
    ARLINGTON,VA222031606     		NONE PC UNRESTRICTED 2,000
    UNIVERSITY OF COLORADO FOUNDATION
    1800 GRANT ST SUITE 725
    DENVER,CO80203     		NONE PC COLLEGIATE RECOVERY CENTER 15,000
    WINN PARISH LIBRARY
    205 WEST MAIN ST
    WINNFIELD,LA714832718     		NONE PC JOYCE LOVE ALLEN STARE CHILDREN'S ROOM 5,000
    PDI SURGERY CENTER
    1380 19TH HOLE DRIVE
    WINDSOR,CA95492     		NONE PC DENTAL SERVICE FOR UNDER-PRIVILEGED CHILDREN 2,600
    MULTIPLE SCLEROSIS SOCIETY
    733 THIRD AVENUE 3RD FLOOR
    NEW YORK,NY10017     		NONE PC MULTIPLE SCLEROSIS RESEARCH PROJECTS 10,000
    TRUSTEES OF PHILLIPS ACADEMY
    180 MAIN ST
    ANDOVER,MA01810     		NONE PC GENERAL PURPOSES OF THE FOUNDATION 2,000
    BLUE HILL MEMORIAL HOSPITAL
    PO BOX 1029
    BLUE HILL,ME04614     		NONE PC GENERAL PURPOSES OF THE FOUNDATION 2,000
    NATIONAL ASSOCIATION OF RAILROAD PASSENGERS
    1200 G STREET NW SUITE 240
    WASHINGTON,DC20005     		NONE PC IMPROVE & EXPAND CONVENTIONAL INTERACTIVE PASSENGER TRAIN SERVICE. SUPPORT STARTUP ONE HIGH SPEED RAIL LINE.INCREASE CONNECTIVITY AMONG ALL FORMS OF TRANSPORTATION. IMPROVE SAFETY FOR TRAINS AND PASSENGERS. 2,000
    PLANNED PARENTHOOD
    123 WILLIAM STREET 10TH FLOOR
    NEW YORK,NY10038     		NONE PC GENERAL PURPOSE OF THE FOUNDATION 900
    HARVARD MEDICAL SCHOOL
    25 SHATTUCK STREET
    BOSTON,MA021156018     		NONE PC GENERAL PURPOSE OF THE FOUNDATION 13,000
    Total .................................bullet 3a 474,000
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		    14 75  
    4 Dividends and interest from securities....     14 185,895  
    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.....          
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 348,421  
    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).. 0 534,391 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13534,391
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    THE STARE FUND
    EIN:
    04-6026648
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ROPES & GRAY - TAX PREPARATION SERVICES 9,240 5,544   3,696

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    THE STARE FUND
    EIN:
    04-6026648
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M CO (MMM) 22,544 23,872
    ABBOTT LABS (ABT) 0 0
    ACCENTURE PLC CL A (ACN) 0 0
    AFFILIATED MANGERS GROUP INC (AMG) 25,568 20,142
    AGILENT TECHNOLOGIES INC (A) 15,822 19,791
    AIR PRODUCTS & CHEMICALS INC (APD) 5,385 6,067
    ALLISON TRANSMISSION HOLDINGS INC (ALSN) 0 0
    ALPHABET INC CL A (GOOGL)-FORMERLY GOOGLE CL A 31,241 58,967
    ALPHABET INC CL C (GOOG)-FORMERLY GOOGLE CL C 31,167 57,611
    ALTRIA GROUP INC (MO) 27,989 50,505
    AMAZON COM INC (AMZN) 39,396 44,284
    AMERICAN EXPRESS CO (AXP) 31,191 38,902
    AMGEN INC (AMGN) 34,108 45,670
    ANALOG DEVICES INC (ADI) 0 0
    ANTHEM INC (ANTM) 0 0
    APPLE INC (AAPL) 18,771 103,115
    AT&T INC (T) 64,508 64,512
    BANK OF AMERICA CORP (BAC) 52,151 75,821
    BED BATH & BEYOND INC (BBBY) 0 0
    BERKSHIRE HATHAWAY INC - CL B (BRK/B) 12,809 17,317
    BIOGEN INC (BIIB) 0 0
    BOEING CO (BA) 41,955 43,361
    BUNGE LIMITED (BG) 0 0
    CAMERON INTERNATIONAL CORP (13342B105) 0 0
    CARNIVAL CORP (CCL) 27,002 27,761
    CELGENE CORP (CELG) 0 0
    CENTURYLINK INC (CTL) 29,599 20,698
    CHARLES RIVER LABORATORIES INTL INC (CRL) 5,350 5,688
    CIGNA CORP (CI) 11,682 17,516
    CITIGROUP INC (C) 0 0
    CITRIX SYS INC (CTXS) 28,431 32,090
    COMCAST CORP - CL A (CMCSA) 0 0
    CROWN HOLDINGS INC (CCK) 5,722 5,983
    CVS HEALTH CORP (FORMERLY CVS CAREMARK CORP)(CVS) 31,743 40,060
    DARDEN RESTAURANTS INC (DRI) 27,858 30,786
    DELTA AIR LINES INC (DAL) 29,679 31,317
    DENTSPLY INTERNATIONAL INC 0 0
    DISNEY WALT CO NEW (DIS) 14,391 51,047
    DOLLAR GENERAL CORP (DG) 0 0
    DOW CHEMICAL CO (DOW) 10,184 13,930
    DST SYS INC DEL (DST) 0 0
    EATON VANCE CORP (EV) 0 0
    EBAY INC (EBAY) 25,517 28,366
    ELECTRONIC ARTS INC 0 0
    EXPRESS SCRIPTS HLDG (ESRX) 33,748 31,870
    EXXON MOBIL CORP (XOM) 95,419 89,046
    FACEBOOK INC-A (FB) 33,018 36,473
    FIRSTENERGY CORP (FE) 26,690 26,597
    FRANKLIN RESOURCES INC (BEN) 0 0
    GENERAL DYNAMICS CORP (GD) 0 0
    GENERAL ELECTIC CO (GE) 70,984 74,747
    GILEAD SCIENCES INC (GILD) 39,688 38,840
    HCA HOLDINGS INC (HCA) 0 0
    HOLOGIC INC (HOLX) 17,521 18,374
    HOME DEPOT INC (HD) 33,611 55,254
    HONEYWWELL INTERNATIONAL INC (HON) 8,444 11,622
    ILLINOIS TOOL WKS INC (ITW) 8,069 10,640
    INTEL CORP (INTC) 0 0
    INTERNATIONAL BUSINESS MACHINES CORP (IBM) 52,603 52,235
    INTUIT (INTU) 0 0
    JETPLUE AIRWAYS CORP (JBLU) 0 0
    JOHNSON & JOHNSON (JNJ) 63,478 75,573
    JP MORGAN CHASE & CO (JPM) 59,923 81,773
    KROGER CO (KR) 3,963 6,460
    LAUDER ESTEE COS CL-A (EL) 25,359 26,418
    LOWES COS INC (LOW) 12,935 19,754
    LYONDELLBASELL INDUSTRIES NV (LYB) 0 0
    MARATHON PETROLEUM (MPC) 0 0
    MERCK & CO INC (MRK) 56,453 58,742
    METTLER-TOLEDO INTERNATIONAL INC (MTD) 0 0
    MICROSOFT CORP (MSFT) 26,223 47,605
    MOODYS CORP (MCO) 6,226 9,347
    NCR CORP (NCR) 0 0
    NEXTRA ENERGY INC (NEE) 0 0
    OLD DOMINION FREIGHT LINE INC (ODFL) 0 0
    OWENS CORNING INC (OC) 24,073 26,204
    PACCAR INC (PCAR) 0 0
    PEPSICO INC (PEP) 35,414 52,352
    PFIZER INC (PFE) 56,599 61,709
    PILGRIM'S PRIDE (PPC) 0 0
    PROCTER & GAMBLE CO (PG) 10,180 14,018
    PRUDENTIAL FINL INC (PRU) 30,905 40,240
    PUBLIC SERVICE ENTERPRISE GROUP INC (PEG) 0 0
    RELIANCE STEEL & ALUMINUM CO (RS) 23,242 34,062
    ROCKWELL AUTOMATION INC (ROK) 0 0
    SCHLUMBERGER LTD (SLB) 0 0
    SERVICEMASTER GLOBAL HOLDINGS (SERV) 0 0
    SOUTHWEST AIRLINES CO (LUV) 0 0
    SPIRIT AEROSYSTEMS HOLD (SPR) 25,865 27,960
    T ROWE PRICE GROUP INC (TROW) 21,033 20,737
    TARGET CORP (TGT) 6,371 6,179
    TESORO CORPORATION (TSO) 0 0
    TEXAS INSTRUMENTS INC (TXN) 28,313 39,922
    THE MOSAIC COMPANY (MOS) 0 0
    TIME WARNER INC (TWX) 30,826 38,564
    TRAVELERS COMPANIES INC (TRV) 24,634 33,325
    TWENTY-FIRST CENTURY FOX INC CL A (FOXA) 0 0
    UNION PAC CORP (UNP) 0 0
    VALERO ENERGY CORP (VLO) 26,296 33,242
    VERISIGN INC (VRSN) 18,644 19,713
    VERIZON COMMUNICATIONS (VZ) 60,863 61,876
    VISA INC - CLASS A (V) 0 0
    VISTEON CORP (VC) 28,694 29,580
    WADDELL & REED FINL INC (WDR) 0 0
    WAL MART STORES INC (WMT) 50,284 45,780
    WELLS FARCO & CO (WFC) 24,670 41,807
    WYNDHAM WORLDWIDE CORP (WYN) 0 0
    ZOETIS INC (ZTS) 0 0
    ABBVIE INC (ABBV) 12,847 12,160
    ACTIVISION BLIZZARD INC (ATVI) 25,975 30,020
    AMERIPRISE FINANCIAL INC (AMP) 26,179 32,321
    APPLIED MATERIALS INC (AMAT) 27,832 29,946
    BAXTER INTL INC (BAX) 27,969 28,841
    BLUE BUFFALO PET PRODUCTS INC (BUFF) 7,228 7,263
    BRUNSWICK CORP (BC) 4,832 5,513
    CAMPBELL SOUP CO (CPB) 6,014 6,258
    CBS CORP CL B (CBS) 27,767 32,789
    CELANESE CORP CL A (CE) 24,176 29,348
    CHEVRON CORP (CVX) 19,162 20,862
    CHURCH & DWIGHT INC (CHD) 6,294 6,131
    CISCO SYSTEMS INC (CSCO) 19,708 22,067
    CONAGRA BRANDS INC (CAG) 21,220 22,748
    D R HORTON INC (DHI) 4,636 4,712
    DANAHER CORP (DHR) 28,944 28,923
    DISCOVER FINL SVCS 25,969 34,563
    FISERV INC (FISV) 10,143 10,567
    GREAT PLAINS ENERGY INC (GXP) 24,113 20,848
    HD SUPPLY HOLDINGS INC (HDS) 13,473 16,481
    HP INC (HPQ) 28,691 29,568
    INGERSOLL-RAND PLC (IR) 10,573 10,436
    JM SMUCKER CO/THE NEW (SJM) 27,970 22,797
    KIMBERLY CLARK CORP (KMB) 10,393 9,942
    MARSH & MCLENNAN COS INC (MMC) 29,745 32,576
    MONDELEZ INTERNATIONAL INC (MDLZ) 35,896 36,291
    MOTOROLA SOLUTIONS INC (MS) 27,016 29,693
    NEWFIELD EXPLORATION CO (NFX) 5,676 6,331
    NORDSTROM INC (JWN) 5,302 6,151
    NUANCE COMMUNICATIONS INC (NUAN) 19,101 16,048
    NUCOR CORP (NUE) 5,141 8,707
    OCCIDENTAL PETE CORP (OXY) 5,565 5,709
    OMNICOM GROUP (OMC) 4,814 5,216
    ORACLE CORPORATION (ORCL) 6,561 6,832
    OWENS ILLINOIS INC (OI) 5,233 4,960
    PHILLIPS 66 (PSX) 6,190 6,646
    PPL CORPORATION (PPL) 16,866 15,057
    QUINTILES IMS HOLDINGS (Q) 5,086 6,146
    RED HAT INC (RHT) 17,023 18,195
    S&P GLOBAL INC (SPGI) 30,890 30,342
    SIRIUS XM HOLDINGS INC (SIRI) 7,724 8,774
    THEROM FISHER SCIENTIFIC INC (TMO) 34,873 31,245
    UNITEDHEALTH GROUP INC (UNH) 39,855 44,171
    VMWARE INC CL A (VMW) 24,809 25,153
    WALGREENS BOOTS ALLIANCE INC (WBA) 29,598 31,350
    WORLD FUEL SERVICES CORP (INT) 22,326 21,341
    LENNOX INTERNATIONAL INC (LII) 6,162 7,582

    TY 2015 InvestmentsOtherSchedule2
    Name:
    THE STARE FUND
    EIN:
    04-6026648
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    BNY MELLON INTERNATIONAL FD (MPITX) AT COST 387,270 359,104
    DFA EMG MKTS CORE EQUITY FD (DFCEX) AT COST 249,433 231,721
    DREYFUS INTERMEDIATE TRM INC FD CL I (DITIX) AT COST 2,179,898 2,336,760
    DREYFUS INTL SMALL CAP-I (DYIPX) AT COST 250,000 247,667
    DREYFUS MIDCAP IDX FD (PESPX) AT COST 968,452 1,053,997
    DREYFUS/THE BOSTON COMPANY SMALL CAP GROWTH FD (SSETX) AT COST 417,262 399,942
    DREYFUS/THE BOSTON COMPANY SMALL CAP VALUE FD (STSVX) AT COST 211,697 280,796
    GENERAL GROWTH PROPERTIES INC (GGP) AT COST 28,081 26,607
    HOST HOTELS & RESORTS, INC REIT (HST) AT COST 0 0
    POST PROPERTIES INC REIT (PPS) AT COST 0 0
    PUBLIC STOREAGE INC REIT (PSA) AT COST 22,922 30,139
    SIMON PROPERTY GROUP INC (SPG) AT COST 5,118 6,108
    SPDR S&P 500 ETF TRUST (SPY) AT COST 590,191 620,590
    STRATEGIC GLOBAL STOCK FUND /DREYFUS PREM (DGLRX) AT COST 404,510 595,652
    TAUBMAN CTRS INC REIT (TCO) AT COST 0 0
    VIRTUS EMERGING MKTS OPPOR-I (HIEMX) AT COST 155,639 150,731
    ALLSTATE CORP (ALL) AT COST 0 0
    EQUITY RESIDENTIAL PPRYS TR REIT (EQR) AT COST 28,866 25,204

    TY 2015 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 0   70


    TY 2015 OtherIncreasesSchedule
    Name:
    THE STARE FUND
    EIN:
    04-6026648
    Description Amount
    TAX COST ADJUSTS FOR WASH SALE LOSSES 386


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    THE STARE FUND
    EIN:
    04-6026648
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BNY MELLON - INVESTMENT MANAGEMENT FEES 38,668 29,001   4,136
    ROPES & GRAY - ACCOUNTING/BOOKKEEPING 10,211 6,127   4,084


    TY 2015 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 2,756   0
    CURRENT F/Y EXCISE TAX PAYMENTS 9,000 0   0