Stare Fund
- Assets
- $11.2m
- Revenue
- $569.6k
- Investments
- $11.1m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 10/1962
- Data as of
- 11/2023
- EIN
- 04-6026648
Organization Overview
Stare Fund is located in Boston, MA. The organization was established in 1962. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stare Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 11/2023, Stare Fund generated $569.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $639.5k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Stare Fund has awarded 357 individual grants totaling $4,549,224. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary S Wilkinson Trustee | 0.3 | $0 | |
David S Stare Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,733 |
| Dividends & Interest | $260,478 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $304,433 |
| Capital Gain Net Income | $304,433 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $569,644 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,826 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $143 |
| Total operating and administrative expenses | $71,101 |
| Contributions, gifts, grants paid | $568,361 |
| Total expenses and disbursements | $639,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $145,166 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,208,829 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Stare Fund has awarded $568,361 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
ACLU PURPOSE: GENERAL PURPOSE | $2,000 |
AMERICAN CANCER SOCIETY PURPOSE: GENERAL PURPOSE | $5,000 |
BENJAMIN FRANKLIN CUMMINGS INSTITUTE OF TECHNOLOGY PURPOSE: GENERAL PURPOSE | $12,000 |
BLUE HILL SOCIETY FOR AID TO CHILDREN PURPOSE: GENERAL PURPOSE | $6,000 |
CATHOLIC CHARITIES SANTA ROSA PURPOSE: GENERAL PURPOSE | $10,000 |
CAREER TECHNICAL EDUCATION FOUNDATION PURPOSE: GENERAL PURPOSE | $10,000 |