Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 12-01-2018 , and ending 11-30-2019
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. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$11,199,773J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 2,586 2,586  
4 Dividends and interest from securities... 253,188 250,575  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 627,464
b Gross sales price for all assets on line 6a 4,723,010
7 Capital gain net income (from Part IV, line 2)... 631,192
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........ 883,238 884,353  
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 10,185 6,111   4,074
c Other professional fees (attach schedule).... Click to see attachment 52,417 37,576   14,841
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 24,321 2,760   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 125 0   125
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 87,048 46,447   19,040
25 Contributions, gifts, grants paid....... 486,677 486,677
26 Total expenses and disbursements. Add lines 24 and 25 573,725 46,447   505,717
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 309,513
b Net investment income (if negative, enter -0-) 837,906
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 18,733 448,510 448,510
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)....... 2,397,505 Click to see attachment2,410,974 3,062,535
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).......... 6,560,490 Click to see attachment6,430,606 7,688,728
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) 8,976,728 9,290,090 11,199,773
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 Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 8,976,728 9,290,090
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)..... 8,976,728 9,290,090
31 Total liabilities and net assets/fund balances (see instructions). 8,976,728 9,290,090
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
8,976,728
2
Enter amount from Part I, line 27a .....................
2
309,513
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
3,849
4
Add lines 1, 2, and 3 ..........................
4
9,290,090
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
9,290,090
Form 990-PF (2018)
Form 990-PF (2018)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a DISNEY WALT CO NEW   2009-09-24 2019-04-23
b APPLE INC   2009-06-22 2018-05-21
c APPLE INC   2009-06-22 2019-05-24
d SALE OF PUBLICLY TRADED SECURITIES P    
e SALE OF PUBLICLY TRADED SECURITIES P    
DREYFUS MIDCAP IDX FD   2013-07-30 2019-04-03
NETFLIX INC   2019-04-23 2019-06-14
NETFLIX INC   2018-07-19 2019-06-14
COMERICA INC   2017-10-24 2019-06-19
BNYM INSIGHT CORE PLUS-I   2013-09-30 2019-08-01
BNYM INSIGHT CORE PLUS-I   2013-12-17 2019-08-01
BNYM INSIGHT CORE PLUS-I   2013-10-28 2019-08-01
BNYM INSIGHT CORE PLUS-I   2013-01-15 2019-08-01
BNYM INSIGHT CORE PLUS-I   2013-12-27 2019-08-01
BNYM INSIGHT CORE PLUS-I   2013-11-28 2019-08-01
BRISTOL MYERS SQUIBB CO   2018-04-17 2019-08-01
EXELON CORP   2019-05-21 2019-08-01
PAYPAL HOLDINGS INC   2019-05-21 2019-08-01
SVB FINANCIAL GROUP   2019-05-21 2019-08-01
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 51,947   10,898 41,049
b 78,195   8,510 69,685
c 7,186   805 6,381
d 1,850,387   1,852,020 -1,633
e 2,429,307   2,169,860 259,447
1,323   1,323 0
4,384   4,384 0
6,070   6,070 0
9,116   9,116 0
4,516   4,516 0
3,180   3,180 0
2,008   2,008 0
3,416   3,416 0
1,092   1,092 0
3,083   3,083 0
1,795   1,795 0
3,558   3,558 0
3,310   3,310 0
2,874   2,874 0
256,263     256,263
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       41,049
b       69,685
c       6,381
d       -1,633
e       259,447
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      256,263
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 2 631,192
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))
2017 501,973 10,889,297 0.046098
2016 493,053 10,249,919 0.048103
2015 481,121 9,514,789 0.050566
2014 415,793 9,970,893 0.041701
2013 482,861 9,870,793 0.048918
2
Total of line 1, column (d) .....................
2
0.235386
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.047077
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
10,699,901
5
Multiply line 4 by line 3......................
5
503,719
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
8,379
7
Add lines 5 and 6........................
7
512,098
8
Enter qualifying distributions from Part XII, line 4,.............
8
505,717
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 16,758
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 16,758
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 16,758
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 14,960
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 10,187
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 25,147
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 8,389
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet8,389 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 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website 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 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years 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 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    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
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    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 N/A 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 (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    10,616,145
    b
    Average of monthly cash balances.......................
    1b
    246,699
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    10,862,844
    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
    10,862,844
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    162,943
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    10,699,901
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    534,995
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    534,995
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    16,758
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    16,758
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    518,237
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    518,237
    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
    518,237
    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
    505,717
    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
    505,717
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    505,717
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 518,237
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 486,677
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 505,717
    a Applied to 2017, but not more than line 2a 486,677
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 19,040
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		499,197
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018....  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or 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 (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    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 MEMORIAL HOSPITAL
    PO BOX 1029
    BLUE HILL,ME04614     		NONE PC GENERAL PURPOSES OF THE FOUNDATION 1,000
    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 80,000
    CTEF - CAREER TECHNICAL EDUCATION FOUNDATION INC
    2901 RIGSBY LANE
    SAFETY HARBOR,FL34695     		NONE PC UNRESTRICTED 10,000
    DOROBO FUND FOR TANZANIA INC
    14703W HIGHLAND RD
    HAYWARD,WI54843     		NONE PC GENERAL PURPOSES OF THE FOUNDATION 3,000
    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 40,000
    HARVARD SCHOOL OF PUBLIC HEALTH DEPT OF NUTRITION
    677 HUNTINGTON AVENUE
    BOSTON,MA021156018     		NONE PC I M & F J STARE SCHOLARSHIP FUND 79,726
    HEALDSBURG EDUCATION FOUNDATION
    1028 PRINCE AVENUE
    HEALDSBURG,CA95448     		NONE PC UNRESTRICTED 5,000
    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
    KRCB PUBLIC RADIO
    5850 LABATH AVE
    ROHNERT PARK,CA94928     		NONE PC UNRESTRICTED 8,000
    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
    MULTIPLE SCLEROSIS SOCIETY
    733 THIRD AVENUE 3RD FLOOR
    NEW YORK,NY10017     		NONE PC MULTIPLE SCLEROSIS RESEARCH PROJECTS 5,000
    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. 1,000
    NATURE CONSERVANCY INC
    24245 N FAIRFAX DR STE 100
    ARLINGTON,VA222031606     		NONE PC CONSERVE THE LANDS AND WATERS ON WHICH ALL LIFE DEPANDS 3,000
    NORTWESTERN UNIVERSITY
    633 CLARK ST
    ENAVSTON,IL60208     		NONE PC GENERAL PURPOSE OF THE FOUNDATION 10,000
    ODD FELLOWS PLAYHOUSE
    128 WASHINGTON ST
    MIDDLETOWN,CT06457     		NONE PC UNRESTRICTED 5,000
    PLANNED PARENTHOOD
    123 WILLIAM STREET 10TH FLOOR
    NEW YORK,NY10038     		NONE PC GENERAL PURPOSE OF THE FOUNDATION 5,000
    RAVEN PERFORMING ARTS THEATRE
    115 NORTH ST
    HEALDSBURG,CA95448     		NONE PC HEALDSBURG SENIOR CENTER 7,000
    SANTA ROSA SYMPHONY ORCHESTRA ASSOCIATION
    50 SANTA ROSA AVE
    SANTA ROSA,CA95404     		NONE PC UNRESTRICTED 35,000
    SONOMA COUNTY PHILHARMONIC ORCHESTRA
    P O BOX 7438
    COTATI,CA949317438     		NONE PC UNRESTRICTED 4,226
    SONOMA STATE UNIVERSITY ACADEMIC FOUNDATION INC
    1801 E COTATI AVE
    ROHNERT PARK,CA94928     		NONE PUBLIC CHARITY GENERAL PURPOSES OF THE FOUNDATION 3,000
    SOUTH PARK INN
    75 MAIN ST
    HARTFORD,CT06106     		NONE PC UNRESTRICTED 5,000
    SOUTHERN POVERTY LAW CENTER INC
    400 WASHINGTON AVE
    MONTGOMERY,AL36104     		NONE PC DEDICATED TO FIGHTING HATE AND BIGOTRY AND TO SEEKING JUSTICE FOR VULNERABLE MEMBERS OF OUR SOCIETY 6,000
    ST VINCENT DE PAUL PLACE
    615 MAIN ST
    MIDDLETOWN,CT06457     		NONE PC AMAZING FOOD PANTRY 10,000
    TRUSTEES OF PHILLIPS ACADEMY
    180 MAIN ST
    ANDOVER,MA01810     		NONE PC GENERAL PURPOSES OF THE FOUNDATION 5,000
    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 10,000
    WINDOWDRESSERS
    PO BOX 1135
    ROCKLAND,ME04841     		NONE PC DEDICATED TO HELPING MAINE RESIDENTS REDUCE HEATING COSTS AND FOSSIL FUEL CONSUMPTION BY LOWERING THE AMOUNT OF HEAT LOSS THROUGH WINDOWS. 5,000
    CITIZENS CLIMATE EDUCATION
    1330 ORANGE AVE 309
    CORONADO,CA92118     		NONE PC EMPOWERS INDIVIDUALS TO EDUCATE KEY STAKEHOLDERS, POLICYMAKERS AND GENERAL PUBLIC ABOUT EFFECTIVE SOLUTIONS TO CLIMATE CHANGE. 12,000
    THE URBAN FARMING INSTITUTE
    487 NORFOLK STREET
    MATTAPAN,MA02126     		NONE PC TO DEVELOP AND PROMOTE URBAN FARMING AS A COMMERCIAL SECTOR THAT CREATES GREEN COLLAR JOBS FOR RESIDENTS, AND TO ENGAGE COMMUNITIES IN BUILDING A HEALTHIER AND MORE LOCALLY BASED FOOD SYSTEM. 5,000
    THE NEW ENGLAND GRASSROOTS ENVIRONMENT FUND
    PO BOX 611
    NEWMARKET,NH03857     		NONE PC SEEKS TO ENERGIZE AND NURTURE LONG TERM CIVIC ENGAGEMENT IN LOCAL INITIATIVES THAT CREATE AND MAINTIN HEALTHY, JUST, SAFE AND ENVIRONMENTALLY SUSTAINABLE COMMUNITIES. 5,000
    AMERICAN CIVIC LIBERTY UNION
    125 BROAD STREET 18TH FLOOR
    NEW YORK,NY10004     		NONE PC GENERAL PURPOSES OF THE FOUNDATION 1,000
    MAINE NARROW GAUGE MUSEUM
    49 THAMES ST
    PORTLAND,ME04101     		NONE PC PRESERVES AND OPERATES HISTORIC TWO-FOOT GAUGE RAILROAD EQUIPMENT FOR THE EDUCATION AND ENJOYMENT OF THE PUBLIC. 2,000
    COMMUNITY LABOR UNITED INC
    8 BEACON STREET 5TH FLOOR
    BOSTON,MA01208     		NONE PC EMPOWERS COMMUNITY-BASED ORGANIZATIONS AND LABOR UNIONS TO BUILD STRATEGIC CAMPAIGNS THAT PROTECT THE INTERSTS OF LOW AND MIDDLE-INCOME WORKING FAMILIES IN THE GREATER BOSTON AREA. 7,725
    Total .................................bullet 3a 486,677
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 2,586  
    4 Dividends and interest from securities....     14 253,188  
    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 ............     		    18 627,464  
    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).. 0 883,238 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    883,238
    (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 (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


    		 Phone no.
    Form 990-PF (2018)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 AccountingFeesSchedule
    Name:
    THE STARE FUND
    EIN:
    04-6026648
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ROPES & GRAY - TAX PREPARATION SERVICES 10,185 6,111   4,074

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    THE STARE FUND
    EIN:
    04-6026648
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBVIE INC (ABBV) 23,297 28,074
    ACCENTURE PLC CL A (ACN) 6,846 11,868
    ADOBE INC (ADBE) 23,988 29,715
    ALPHABET INC CL A (GOOGL)-FORMERLY GOOGLE CL A 46,567 96,503
    AMAZON COM INC (AMZN) 35,404 97,243
    AMGEN INC (AMGN) 23,681 27,228
    APPLE INC (AAPL) 64,943 136,565
    AT&T INC (T) 47,497 47,846
    BANK OF AMERICA CORP (BAC) 20,468 47,648
    BOEING CO (BA) 10,446 28,196
    BRISTOL MYERS SQUIBB CO (BMY) 27,275 30,748
    CHEVRON CORP (CVX) 50,912 55,402
    CSX CORP (CSX) 45,024 43,639
    DISNEY WALT CO NEW (DIS) 51,797 58,358
    EXELON CORP (EXC) 48,477 51,060
    EXXON MOBIL CORP (XOM) 45,367 35,428
    FACEBOOK INC-A (FB) 49,232 86,100
    HOME DEPOT INC (HD) 18,151 32,635
    INTUIT (INTU) 9,276 9,061
    JOHNSON & JOHNSON (JNJ) 19,819 29,148
    JP MORGAN CHASE & CO (JPM) 37,635 83,272
    MICRON TECHNOLOGY INC (MU) 35,140 42,759
    MICROSOFT CORP (MSFT) 62,930 156,527
    NETFLIX INC (NFLX) 11,228 10,069
    NIKE INC-CLASS B (NKE.BE) 47,518 57,964
    PFIZER INC (PFE) 11,136 14,638
    PROCTER & GAMBLE CO (PG) 26,665 41,378
    S&P GLOBAL INC (SPGI) 39,150 46,049
    SYNCHRONY FINANCIAL (SYF) 40,735 44,144
    TEXAS INSTRUMENTS INC (TXN) 7,396 13,944
    THEROM FISHER SCIENTIFIC INC (TMO) 17,151 32,023
    UNITEDHEALTH GROUP INC (UNH) 58,826 61,292
    VALERO ENERGY CORP (VLO) 12,078 23,681
    VISA INC-CLASS A (VI) 58,094 79,708
    T-MOBILE US INC (TMUS) 13,234 13,353
    COSTCO WHOLESALE CORP (COST) 29,190 35,078
    DOLLAR TREE INC (DLTR) 35,040 32,285
    MGM RESORTS INTERNATIONAL (MGM) 36,365 44,091
    YUM BRANDS INC (YUM) 26,722 26,577
    COCA COLA CO (KO) 35,064 34,710
    CONSTELLATION BRANDS INC (STZ) 28,314 25,490
    CVS HEALTH CORP (CVS) 33,337 46,667
    MONDELEZ INTERNATIONAL INC (MDLZ) 49,178 49,388
    PIONEER NATURAL RESOURCES CO (PXD) 24,018 19,687
    AMERICAN INTERNATIONAL GROUP (AIG) 46,998 45,814
    CHARLES SCHWAB CORP (SCHW) 22,757 25,740
    SUNTRUST BANKS INC (STI) 36,983 36,837
    VOYA FINANCIAL INC (VOYA) 33,433 36,133
    ABBOTT LABS (ABT) 23,717 26,490
    ALIGN TECHNOLOGY INC (ALGN) 21,015 18,027
    BOSTON SCIENTIFIC CORP (BSX) 28,572 32,870
    EXACT SCIENCES CORP (EXAS) 12,609 10,531
    MEDTRONIC PLC (MDT) 29,152 35,088
    MERCK & CO INC (MRK) 39,337 43,590
    VERTEX PHARMACEUTICALS INC (VRTX) 21,531 27,275
    DEERE & CO (DE) 32,388 39,660
    EATON CORP PLC (ETN) 26,074 30,525
    HONEYWELL INTERNATIONAL INC (HON) 49,932 52,494
    ILLINOIS TOOL WKS INC (ITW) 39,034 45,151
    INGERSOLL-RAND PLC (IR) 54,300 58,213
    SQUARE INC CL A (SQ) 28,111 29,722
    ADVANCED MICRO DEVICES INC (AMD) 18,274 26,231
    ATLASSIAN CORP PLC CL A (TEAM) 18,291 18,431
    CISCO SYSTEMS INC (CSCO) 31,155 24,921
    CME GROUP INC (CME) 43,870 47,439
    KLA CORP (KLAC) 31,801 30,478
    MARVELL TECH GROUP LTD (MRVL) 19,421 22,942
    NXP SEMICONDUCTORS (NXPI) 12,212 12,829
    PAYPAL HOLDINGS INC (PYPL) 53,774 52,169
    SALEFORCE.COM (CRM) 27,723 28,669
    TAIWAN SEMICONDUCTOR SPON ADR (TSM) 28,572 36,632
    CELANESE CORP COMMON (CE) 33,854 42,317
    DOW INC (DOW) 13,602 14,410
    DUPONT DE NEMOURS INC (DD) 13,338 12,314
    COMCAST CORP CL A (CMCSA) 42,373 43,709
    NEXTERA ENERGY INC (NEE) 32,160 37,645

    TY 2018 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 INSIGHT CORE PLUS FUND (DCP) AT COST 2,932,796 3,214,346
    BNY MELLON INTERNATIONAL FD (MPITX) AT COST 387,270 438,575
    DFA EMG MKTS CORE EQUITY FD (DFCEX) AT COST 249,433 272,339
    SPDR S&P 500 ETF TRUST (SPY) AT COST 741,061 1,050,110
    VIRTUS EMERGING MKTS OPPOR-I (HIEMX) AT COST 160,177 189,413
    BNY MELLON MIDCAP INDEX FUND (DMIDX) AT COST 762,515 800,437
    BNY MELLON GLOBAL STOCK FUND (DGLCX) AT COST 496,593 896,791
    BNY MELLON SMALL CAP GROWTH FUND (SSYGX) AT COST 188,989 236,653
    BNY MELLON SMALL CAP VALUE FUND (STSVX) AT COST 194,204 235,352
    BNY MELLON INTERNATIONAL SMALL CAP (DYIPX) AT COST 278,697 310,583
    AMERICAN TOWER CORP (AMT) AT COST 17,348 18,621
    EQUINIX INC AT COST 21,523 25,508

    TY 2018 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 125 0   125


    TY 2018 OtherIncreasesSchedule
    Name:
    THE STARE FUND
    EIN:
    04-6026648
    Description Amount
    TAX COST ADJUSTS FOR WASH SALE LOSSES 3,728
    PRIOT YEAR ROC ADJUSTMENT - SPECTRUM BRAND HOLDINGS 121


    TY 2018 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 40,837 30,628   10,209
    ROPES & GRAY - ACCOUNTING/BOOKKEEPING 11,580 6,948   4,632


    TY 2018 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 2,760   0
    PRIOR YR EXISE TAX & EXTENSION PYMTS 24,321 0   0