Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2011
For calendar year 2011, or tax year beginning 11-01-2011 , and ending 10-31-2012
G
Check all that apply:
Name of foundation
THE ACCESS STRATEGIES FUND
 
% THE ACCESS STRATEGIES FUND
Number and street (or P.O. box number if mail is not delivered to street address)675 MASSACHUSETTS AVENUE   Room/suite
City or town, state, and ZIP code
CAMBRIDGE, MA02139
A Employer identification number

04-3464581
B Telephone number (see page 10 of the instructions)

(617) 494-0715
C bullet
D 1. bullet
H Check type of organization:
2. bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$7,785,544J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 0
2 Check bullet
3 Interest on savings and temporary cash investments 37 37  
4 Dividends and interest from securities...... 251,664 251,664  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 96,812
b Gross sales price for all assets on line 6a 1,709,232
7 Capital gain net income (from Part IV, line 2)... 97,609
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)....... Click to see attachment 430 430  
12 Total. Add lines 1 through 11........ 348,943 349,740  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 15,000     15,000
14 Other employee salaries and wages...... 176,904     176,904
15 Pension plans, employee benefits....... 51,849     51,849
16a Legal fees (attach schedule)......... 2,096 0 0 2,096
b Accounting fees (attach schedule)....... 27,910 0 0 27,910
c Other professional fees (attach schedule).... Click to see attachment 64,586 64,586    
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 18,786 5,565   13,221
19 Depreciation (attach schedule) and depletion... Click to see attachment 689    
20 Occupancy.............. 25,780     25,780
21 Travel, conferences, and meetings....... 13,305     13,305
22 Printing and publications.......... 450     450
23 Other expenses (attach schedule)....... Click to see list of attachments 44,722 494   44,228
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 442,077 70,645 0 370,743
25 Contributions, gifts, grants paid........ 159,418 159,418
26 Total expenses and disbursements. Add lines 24 and 25 601,495 70,645 0 530,161
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -252,552
b Net investment income (if negative, enter -0-) 279,095
c Adjusted net income (if negative, enter -0-)...  
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2011)
Form 990-PF (2011)
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.......... 271,624 435,517 435,517
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges........... 5,803 2,554 2,554
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 3,764,486 Click to see attachment3,265,257 3,724,538
c Investments—corporate bonds (attach schedule)........ 1,318,034 Click to see attachment1,306,940 1,362,819
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 2,066,481 Click to see attachment2,167,643 2,251,126
14 Land, buildings, and equipment: basis bullet37,849
Less: accumulated depreciation (attach schedule) bullet33,929 3,538 Click to see attachment3,920 3,920
15 Other assets (describe bullet) Click to see attachment5,470 Click to see attachment5,070 Click to see attachment5,070
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 7,435,436 7,186,901 7,785,544
Liabilities 17 Accounts payable and accrued expenses.......... 3,483 115
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).......... 3,483 115
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.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 7,431,953 7,186,786
30 Total net assets or fund balances (see page 17 of the
instructions).................... 7,431,953 7,186,786
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 7,435,436 7,186,901
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 7,431,953
2 Enter amount from Part I, line 27a..................... 2 -252,552
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 7,477
4 Add lines 1, 2, and 3.......................... 4 7,186,878
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 92
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 7,186,786
Form 990-PF (2011)
Form 990-PF (2011)
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 SELF HELP (DURHAM NC) CD 2.3% P 2009-11-10 2011-11-10
b 190 SHS LIFE TECHNOLOGIES CORP P 2010-05-07 2011-11-10
c 145 SHS LIFE TECHNOLOGIES CORP P 2010-08-05 2011-11-10
d 300 SHS MEDTRONIC INC P 1999-08-06 2011-11-10
e 625 SHS WALGREEN CO P 1999-06-11 2011-11-10
552 SHS PAYCHEX INC P 1999-06-11 2011-11-10
15 SHS GOOGLE INC P 2008-02-19 2011-12-09
110 SHS MCCORMICK & CO NON VTG P 2010-02-12 2011-12-09
320 SHS PEPSICO INC P 2001-08-09 2011-12-09
460 SHS STARBUCKS CORP P 2000-09-11 2011-12-09
250 SHS TEVA PHARMACEUTICAL P 2010-04-15 2011-12-09
100 SHS JOHNSON & JOHNSON P 2000-10-06 2012-02-09
50 SHS PEPSICO INC P 2001-08-09 2012-02-09
230 SHS PEPSICO INC P 2001-08-09 2012-03-28
100 SHS APACHE CORP P 2007-10-26 2012-03-28
25 SHS APPLE INC P 2008-02-19 2012-03-28
300 SHS JOHNSON & JOHNSON P 2000-10-06 2012-03-28
150 SHS STRYKER CORP P 1999-10-18 2012-03-28
35 SHS QUALCOMM INC P 1999-10-18 2012-04-16
75 SHS VESTAS WIND SYSTEMS P 2009-01-09 2012-05-03
125 SHS VESTAS WIND SYSTEMS P 2009-06-24 2012-05-03
75 SHS VESTAS WIND SYSTEMS P 2010-05-10 2012-05-03
530 SHS CISCO SYSTEMS P 2003-03-19 2012-06-15
WAINWRIGHT BK & TR CD 2.5% P 2009-08-10 2012-08-05
375 SHS NOVARTIS AG ADR P 2010-12-10 2012-10-12
350 SHS STANDARD CHARTERED PLC P 2010-12-13 2012-10-15
100 SHS CANADIAN NATL RAILWAY P 2006-09-20 2012-10-19
25 SHS INTL BUSINESS MACHINES P 2009-10-16 2012-10-19
60 SHS INTL BUSINESS MACHINES P 2010-09-16 2012-10-19
575 SHS MEDTRONIC INC P 1999-08-06 2012-10-19
200 SHS TEVA PHARMACEUTICAL P 2010-12-10 2011-12-09
175 SHS RECKITT BENCKISER GRP P 2010-12-13 2011-12-12
125 SHS FISERV INC P 2010-09-16 2011-12-09
100 SHS CANADIAN NATL RAILWAY P 2006-07-10 2011-12-09
10 SHS CANADIAN NATL RAILWAY P 2006-09-20 2011-12-09
645 SHS CISCO SYSTEMS P 2003-03-19 2011-12-09
100 SHS DEVON ENERGY CORP P 2007-10-26 2011-12-09
105 SHS DEVON ENERGY CORP P 2008-02-19 2011-12-09
470 SHS ENCANA CORP P 2010-08-10 2011-12-09
450 SHS DENTSPLY INTERNATIONAL P 2004-03-11 2011-12-09
105 SHS COLGATE PALMOLIVE CO P 1999-07-08 2011-12-09
60 SHS AIR PROD & CHEMICALS P 2006-09-20 2011-12-09
65 SHS ECOLAB INC P 2008-02-19 2011-12-09
3989.881 SHS PIMCO TOTAL RETURN III P 2009-10-02 2011-12-09
729.093 SHS PIMCO TOTAL RETURN III P 2009-10-30 2011-12-09
527.616 SHS PIMCO TOTAL RETURN III P 2009-11-30 2011-12-09
115.67 SHS PIMCO TOTAL RETURN III P 2009-11-30 2012-07-03
414.287 SHS PIMCO TOTAL RETURN III P 2009-12-31 2012-07-03
130.978 SHS PIMCO TOTAL RETURN III P 2010-01-29 2012-07-03
24414.291 SHS PIMCO TOTAL RETURN III P 2010-02-03 2012-07-03
270 SHS 3M COMPANY P 2011-09-22 2012-08-22
280 SHS AMGEN INC P 2011-03-23 2012-07-03
850 SHS APPLIED MATERIALS INC P 2010-03-31 2012-09-11
380 SHS B M C SOFTWARE INC P 2007-11-01 2012-09-14
360 SHS CVS CAREMARK CORP P 2010-11-04 2012-07-03
400 SHS FACEBOOK INC CL A P 2012-08-02 2012-09-05
15 SHS GOOGLE INC CL A P 2011-04-15 2012-08-02
14 SHS GOOGLE INC CL A P 2011-04-15 2012-08-14
115 SHS PHILLIPS 66 P 2008-01-23 2012-07-03
103 SHS PROCTER & GAMBLE P 2007-06-12 2012-08-02
60 SHS PROCTER & GAMBLE P 2007-06-12 2012-08-22
310 SHS WATSON PHARMACEUTICALS P 2012-02-14 2012-07-03
950 SHS ABB AG ORD CHF P 2012-03-09 2012-05-31
320 SHS ADVANCE AUTO PARTS P 2011-06-02 2012-01-24
588 SHS ALLSCRIPTS HEALTHCARE P 2008-03-27 2012-04-27
212 SHS ALLSCRIPTS HEALTHCARE P 2011-08-05 2012-04-27
170 SHS AMGEN INC P 2011-03-23 2012-01-03
80 SHS B M C SOFTWARE INC P 2007-11-01 2012-05-08
115 SHS CON EDISON CO OF NY P 2007-11-21 2012-03-15
410 SHS CON EDISON CO OF NY P 2007-11-21 2012-06-14
300 SHS ENCANA CORP P 2008-10-08 2012-03-15
390 SHS EXPEDITORS INT'L P 2011-12-08 2012-04-20
240 SHS GENERAL MILLS P 2010-12-27 2012-02-17
125 SHS HJ HEINZ P 2009-02-17 2012-03-15
600 SHS INTEL CORP P 2011-04-01 2012-04-03
55 SHS ITRON INC P 2008-09-18 2012-05-17
110 SHS ITRON INC P 2008-11-04 2012-05-17
45 SHS ITRON INC P 2010-09-17 2012-05-17
50 SHS ITRON INC P 2010-09-17 2012-06-18
160 SHS ITRON INC P 2012-03-01 2012-06-18
800 SHS MAXWELL TECHNOLOGIES P 2012-04-24 2012-04-27
740 SHS MYR GROUP INC P 2009-10-28 2012-02-01
450 SHS PROCERA NETWORKS INC P 2011-06-15 2012-02-02
280 SHS PROCERA NETWORKS INC P 2011-09-28 2012-03-19
35 SHS JM SMUCKERS P 2007-06-12 2012-03-28
660 SHS UNILEVER PLC ADR P 2008-03-04 2012-03-28
90 SHS VARIAN MEDICAL SYSTEMS P 2011-02-15 2012-01-25
450 SHS WALGREEN CO P 2009-02-17 2012-06-19
250 SHS WALGREEN CO P 2011-11-14 2012-06-19
725 SHS AMARIN CORP PLC P 2011-06-17 2011-11-02
260 SHS CVS CAREMARK CORP P 2010-11-04 2011-11-14
615 SHS ROFIN-SINAR TECHNOLOGI P 2011-09-02 2011-11-30
492.562 COMMODITYREALRETURN STRATEGY FUND P 2008-09-18 2012-10-26
5346.854 COMMODITYREALRETURN STRATEGY FUND P 2008-10-17 2012-10-26
NORTEL NETWORKS CORP - CLASS ACTION SETTLEMENT P   2011-11-17
MARSH & MCLENNAN - CLASS ACTION SETTLEMENT P   2011-12-01
LUCENT TECHNOLOGIES - CLASS ACTION SETTLEMENT P   2012-01-13
.36 SHS JOHNSON MATTHEY PLC P 2012-07-06 2012-08-15
230 SHS STATOILHYDRO ASA P 2012-07-06 2012-08-21
115 SHS KONINKLIJKE PHILIPS ELECTRS NV ADR P 2012-07-06 2012-09-20
200 SHS KONINKLIJKE PHILIPS ELECTRS NV ADR P 2011-10-07 2012-09-21
1219 SHS NGK INSULATORS LTD P   2012-09-28
160 SHS SAMPO OYJ P 2012-07-06 2012-09-07
60 SHS SONOVA HOLDING AG REG P 2011-09-20 2012-09-27
150 SHS SYSMEX CORP P 2011-09-20 2012-09-10
135 SHS TERUMO CORP P 2011-10-11 2012-09-10
NGK INSULATORS LTD P 2012-07-09 2012-09-28
THRU STATE STREET P   2012-04-30
115 SHS ABB LTD SPON ADR P 2011-09-19 2012-10-24
25 SHS ADIDAS AG P 2012-07-06 2012-10-23
385 SHS AMP LTD P 2011-10-10 2012-10-25
35 SHS ASML HOLDINGS NV ADR P 2011-09-19 2012-10-24
75 SHS ATLAS COPCO AB-B SHS P 2012-04-10 2012-10-24
155 SHS AXA SA SPONS ADR P 2011-10-07 2012-10-25
840 SHS BARCLAYS PLC P 2012-07-06 2012-10-24
105 SHS BG GROUP PLC P 2012-01-09 2012-10-24
1000 SHS CAPITALAND LTD P 2011-09-20 2012-10-25
30 SHS CASINO GUICHARD PERRACH P 2012-07-06 2012-10-24
95 SHS CEMIG SA ADR P 2012-07-06 2012-10-24
15 SHS DANONE P 2012-07-06 2012-10-24
225 SHS EDP RENOVAVEIS SA P 2011-12-15 2012-10-24
40 SHS GLAXOSMITHKLINE PLC P 2012-07-24 2012-10-24
200 SHS GRUPO FINANCIERO BANOR P 2012-07-06 2012-10-24
200 SHS HANG SENG BANK LTD P 2012-07-09 2012-10-25
55 SHS HENKEL AG & CO P 2012-07-06 2012-10-25
70 SHS HONDA MOTOR LTD P 2012-07-06 2012-10-24
45 SHS HSBC HOLDINGS PLC P 2011-09-19 2012-10-24
25 SHS JOHNSON MATTHEY PLC P 2012-07-06 2012-10-25
55 SHS JULIUS BAER GROUP LTD P 2012-07-06 2012-10-24
580 SHS JULIUS BAER GRUPPE AG P 2012-07-06 2012-10-19
30 SHS K+S AG P 2012-03-16 2012-10-23
100 SHS KAO CORP P 2011-12-15 2012-10-25
400 SHS KASIKORNBANK PLC P 2012-07-09 2012-10-26
55 SHS KONINKLIJKE PHILIPS P 2011-09-19 2012-10-24
65 SHS KUBOTA CORP ADR P 2012-07-06 2012-10-24
10 SHS KUEHNE & NAGEL INTL AG P 2012-09-24 2012-10-24
140 SHS L'AIR LIQUIDE ADR P 2012-07-06 2012-10-26
25 SHS NASPERS LTD P 2012-07-09 2012-10-29
55 SHS NOVARTIS AG NAMEN P 2012-07-06 2012-10-24
1000 SHS OLAM INTL LTD P 2011-09-20 2012-10-25
130 SHS ORIGIN ENERGY LTD P 2011-10-10 2012-10-26
95 SHS PEARSON PLC SPONS ADR P 2012-07-06 2012-10-24
200 SHS RAKUTEN INC P 2012-09-05 2012-10-25
90 SHS ROCHE HOLDG LTD P 2012-07-06 2012-10-25
65 SHS SAMPO OYJ P 2011-09-20 2012-10-24
35 SHS SAP AG SPON ADR P 2012-07-06 2012-10-24
125 SHS SIMS METAL MGMT LTD P 2011-09-19 2012-10-24
1000 SHS SINGAPORE TELCOMM P 2012-07-09 2012-10-25
10 SHS SMA SOLAR TECHNOLOGY AG P 2011-09-20 2012-10-23
40 SHS SMITH & NEPHEW PLC P 2012-07-06 2012-10-24
10 SHS SONOVA HOLDING AG P 2012-07-06 2012-10-24
35 SHS SPIRAX-SARCO ENGINEERIN P 2011-09-20 2012-10-24
95 SHS SSE PLC P 2012-07-06 2012-10-25
90 SHS STANDARD BANK GROUP LTD P 2012-07-09 2012-10-29
100 SHS STANDARD CHARTERED PLC P 2012-07-06 2012-10-24
115 SHS STATOILHYDRO ASA P 2011-09-19 2012-10-24
100 SHS SUBSEA 7 SA SPON ADR P 2011-09-19 2012-10-26
40 SHS SYSMEX CORP P 2011-09-20 2012-10-25
90 SHS TAIWAN SEMICONDUCTOR P 2012-07-06 2012-10-24
50 SHS TERUMO CORP P 2011-09-20 2012-10-25
75 SHS TIM PARTICIPACOES SA P 2012-03-14 2012-10-24
15 SHS TORAY INDUSTRIES INC P 2011-09-19 2012-10-26
35 SHS UMICORE SA P 2012-07-06 2012-10-24
85 SHS UNILEVER NV NY SHRS P 2012-07-06 2012-10-24
145 SHS VODAFONE GROUP PLC P 2012-07-06 2012-10-24
10 SHS VOSSLOH AG P 2011-09-20 2012-10-23
60 SHS WORLEYPARSONS LTD P 2011-12-15 2012-10-25
75 SHS HSBC HOLDINGS PLC P   2012-07-06
570 SHS NEW ORIENTAL ED & TECH P   2012-07-18
110 SHS ASML HOLDING NV P   2012-07-24
92 SHS SYSMEX CORP P   2012-06-04
880 SHS NIPPON ELEC GLASS CO P   2012-06-05
78 SHS SYSMEX CORP P   2012-06-06
737 SHS NIPPON ELEC GLASS CO P   2012-06-06
133 SHS NIPPON ELEC GLASS CO P   2012-06-07
1000 SHS KASIKORNBANK PLC P   2012-06-12
75 SHS ADIDAS AG P   2012-06-26
385 SHS ABB LTD P   2012-05-02
118 SHS PEARSON PLC P   2012-05-10
78 SHS PEARSON PLC P   2012-05-11
CEMIG SA SPON ADR P   2012-05-18
430 SHS TAIWAN SEMICONDUCTOR P   2012-05-16
134 SHS PEARSON PLC P   2012-05-14
244 SHS AMER MOVIL SA DE CV P   2012-03-15
756 SHS AMER MOVIL SA DE CV P   2012-03-14
1400 SHS GAFISA SA ADR P   2012-03-26
205 SHS VESTAS WIND SYSTEMS P   2012-01-09
87 SHS TENARIS SA SPON ADR P   2012-01-09
368 SHS TENARIS SA SPON ADR P   2012-01-10
795 SHS SONY CORP ADR P   2011-12-14
145 SHS HENKEL KGAA-SPON ADR P   2011-12-15
160 SHS ASML HOLDING NV P   2011-12-15
210 SHS L'AIR LIQUIDE ADR P   2011-11-01
2743 SHS INFIGEN ENERGY P   2011-11-01
2885 SHS INFIGEN ENERGY P   2011-11-02
3159 SHS INFIGEN ENERGY P   2011-11-08
900 SHS PETROLEUM GEO SERVICES P   2011-11-09
2866 SHS INFIGEN ENERGY P   2011-11-09
1243 SHS INFIGEN ENERGY P   2011-11-10
1059 SHS INFIGEN ENERGY P   2011-11-11
200 SHS DISCO CORPORATION P   2011-11-22
(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 50,000   50,000  
b 7,593   9,473 -1,880
c 5,795   6,528 -733
d 10,353   10,387 -34
e 19,937   14,942 4,995
15,863   9,798 6,065
9,390   7,610 1,780
5,465   3,946 1,519
20,854   14,540 6,314
20,143   4,218 15,925
10,100   15,694 -5,594
6,489   4,637 1,852
3,215   2,272 943
15,141   10,450 4,691
9,916   9,754 162
15,446   3,042 12,404
19,593   13,912 5,681
8,199   2,107 6,092
2,311   838 1,473
614   4,804 -4,190
1,024   8,645 -7,621
614   3,986 -3,372
9,026   7,569 1,457
50,000   50,000  
23,182   20,474 2,708
8,163   9,798 -1,635
8,791   4,194 4,597
4,846   3,061 1,785
11,630   7,783 3,847
24,259   19,909 4,350
8,080   10,585 -2,505
8,808   9,810 -1,002
7,306   6,678 628
7,728   4,413 3,315
773   419 354
12,145   9,212 2,933
6,558   9,129 -2,571
6,886   10,102 -3,216
8,958   14,255 -5,297
16,291   10,013 6,278
9,500   4,881 4,619
4,991   4,040 951
3,644   3,037 607
38,024   38,104 -80
6,948   6,977 -29
5,028   5,086 -58
1,153   1,115 38
4,131   3,957 174
1,306   1,270 36
243,410   236,330 7,080
24,955   19,984 4,971
20,972   14,766 6,206
9,917   11,525 -1,608
16,420   12,642 3,778
17,203   11,247 5,956
7,423   8,161 -738
9,402   7,999 1,403
9,376   7,466 1,910
3,928   3,611 317
6,524   6,447 77
3,990   3,755 235
23,338   18,618 4,720
14,893   19,245 -4,352
23,856   19,422 4,434
5,604   9,863 -4,259
2,021   3,588 -1,567
10,881   8,965 1,916
3,168   2,661 507
6,654   5,579 1,075
25,544   19,889 5,655
5,934   6,977 -1,043
16,565   16,108 457
9,198   8,599 599
6,628   4,150 2,478
16,925   11,971 4,954
1,886   5,000 -3,114
3,772   5,792 -2,020
1,543   2,602 -1,059
1,936   2,891 -955
6,196   7,272 -1,076
7,540   12,581 -5,041
15,073   12,900 2,173
7,893   4,287 3,606
5,962   2,634 3,328
2,814   1,350 1,464
21,549   20,714 835
6,278   6,404 -126
13,510   11,472 2,038
7,505   8,233 -728
5,803   10,035 -4,232
10,132   8,123 2,009
14,521   13,414 1,107
3,374   7,083 -3,709
36,626   56,784 -20,158
11   0 11
1,379   0 1,379
153   0 153
25   27 -2
5,754   5,200 554
2,832   2,154 678
4,935   3,537 1,398
15,493   17,766 -2,273
4,680   3,973 707
6,245   5,105 1,140
6,689   5,190 1,499
5,884   6,897 -1,013
260   0 260
86,247   81,861 4,386
2,231   2,075 156
2,159   1,679 480
1,861   1,643 218
1,819   1,260 559
1,560   1,536 24
2,520   2,130 390
3,143   2,235 908
2,270   2,472 -202
2,644   2,103 541
2,690   2,453 237
1,162   1,470 -308
908   934 -26
1,107   1,273 -166
1,824   1,800 24
1,151   949 202
3,073   2,747 326
3,617   2,667 950
2,235   2,246 -11
2,215   1,799 416
1,831   1,552 279
1,934   1,928 6
530   0 530
1,414   1,542 -128
2,736   2,452 284
2,247   1,969 278
1,356   969 387
3,308   2,830 478
1,161   1,156 5
3,263   3,050 213
1,572   1,146 426
3,487   3,087 400
1,645   2,066 -421
1,546   1,851 -305
1,855   1,766 89
1,903   1,824 79
4,520   3,723 797
2,052   1,575 477
2,470   1,896 574
1,237   1,707 -470
2,603   2,741 -138
233   618 -385
2,078   1,911 167
1,036   854 182
1,109   1,067 42
2,188   2,054 134
1,097   1,066 31
2,382   2,224 158
2,968   2,540 428
2,110   2,069 41
1,819   1,346 473
1,377   1,141 236
2,099   2,374 -275
1,330   2,246 -916
855   1,044 -189
1,814   1,430 384
3,117   2,761 356
4,128   3,911 217
969   1,086 -117
1,678   1,679 -1
3,294   2,998 296
6,557   17,049 -10,492
6,001   4,169 1,832
3,681   3,259 422
5,202   8,948 -3,746
2,968   2,763 205
4,433   7,494 -3,061
812   1,352 -540
4,884   4,046 838
5,249   4,905 344
6,933   6,945 -12
2,223   2,115 108
1,462   1,398 64
8   7 1
6,389   5,235 1,154
2,494   2,402 92
5,718   5,849 -131
17,782   17,788 -6
7,399   10,667 -3,268
2,039   3,472 -1,433
3,336   2,644 692
14,332   10,773 3,559
13,587   15,855 -2,268
6,758   6,602 156
6,328   5,919 409
5,242   5,091 151
807   670 137
812   676 136
825   740 85
9,414   9,938 -524
750   672 78
315   291 24
263   239 24
9,651   9,724 -73
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        
b       -1,880
c       -733
d       -34
e       4,995
      6,065
      1,780
      1,519
      6,314
      15,925
      -5,594
      1,852
      943
      4,691
      162
      12,404
      5,681
      6,092
      1,473
      -4,190
      -7,621
      -3,372
      1,457
       
      2,708
      -1,635
      4,597
      1,785
      3,847
      4,350
      -2,505
      -1,002
      628
      3,315
      354
      2,933
      -2,571
      -3,216
      -5,297
      6,278
      4,619
      951
      607
      -80
      -29
      -58
      38
      174
      36
      7,080
      4,971
      6,206
      -1,608
      3,778
      5,956
      -738
      1,403
      1,910
      317
      77
      235
      4,720
      -4,352
      4,434
      -4,259
      -1,567
      1,916
      507
      1,075
      5,655
      -1,043
      457
      599
      2,478
      4,954
      -3,114
      -2,020
      -1,059
      -955
      -1,076
      -5,041
      2,173
      3,606
      3,328
      1,464
      835
      -126
      2,038
      -728
      -4,232
      2,009
      1,107
      -3,709
      -20,158
      11
      1,379
      153
      -2
      554
      678
      1,398
      -2,273
      707
      1,140
      1,499
      -1,013
      260
      4,386
      156
      480
      218
      559
      24
      390
      908
      -202
      541
      237
      -308
      -26
      -166
      24
      202
      326
      950
      -11
      416
      279
      6
      530
      -128
      284
      278
      387
      478
      5
      213
      426
      400
      -421
      -305
      89
      79
      797
      477
      574
      -470
      -138
      -385
      167
      182
      42
      134
      31
      158
      428
      41
      473
      236
      -275
      -916
      -189
      384
      356
      217
      -117
      -1
      296
      -10,492
      1,832
      422
      -3,746
      205
      -3,061
      -540
      838
      344
      -12
      108
      64
      1
      1,154
      92
      -131
      -6
      -3,268
      -1,433
      692
      3,559
      -2,268
      156
      409
      151
      137
      136
      85
      -524
      78
      24
      24
      -73
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 97,609
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions).
If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2010 593,005 8,290,210 0.071531
2009 564,190 7,570,878 0.074521
2008 447,155 6,480,847 0.068996
2007 584,696 8,911,021 0.065615
2006 469,253 8,940,304 0.052487
2 Total of line 1, column (d) ...................... 2 0.33315
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 0.06663
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 7,670,758
5 Multiply line 4 by line 3....................... 5 511,103
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 2,791
7 Add lines 5 and 6......................... 7 513,894
8 Enter qualifying distributions from Part XII, line 4.............. 8 530,161
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions on page 18.
Form 990-PF (2011)
Form 990-PF (2011)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 2,791
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  
3 Add lines 1 and 2............................ 3 2,791
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 2,791
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 5,618
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 5,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 10,618
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 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 7,827
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet7,827 Refunded Bullet 11  
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? Click to see attachment....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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 changesClick to see attachment....
3
Yes
 
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.Click to see attachment
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletDE, MA
    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 2011 or the taxable year beginning in 2011 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV..........................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletwww.accessstrategies.org
    14
    The books are in care ofbulletTHE ACCESS STRATEGIES FUND Telephone no.bullet (617) 494-0715
    Located atbullet675 MASSACHUSETTS AVENUECAMBRIDGEMA ZIP+4bullet02139
    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 2011, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
    No
    .........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 2011?.............
    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 2011, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2011?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2011 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 2011.)....................
    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 2011?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    MARIA JOBIN-LEEDS CHAIR/TREAS/DIR
    5.0     		0 0 0
    PO BOX 390109
    CAMBRIDGE,MA021399998
    GREG JOBIN-LEEDS MEMBER/DIRECTOR
    0.5     		0 0 0
    PO BOX 390109
    CAMBRIDGE,MA021399998
    JOHN BONIFAZ DIRECTOR
    0.5     		5,000 0 0
    c/o ACCESS STRATEGIES FUND
    CAMBRIDGE,MA02139
    DAYNA CUNNINGHAM SEC'Y/DIRECTOR
    0.5     		5,000 0 0
    c/o ACCESS STRATEGIES FUND
    CAMBRIDGE,MA02139
    E JEANNETTE HUEZO DIRECTOR
    0.5     		5,000 0 0
    C/O ACCESS STRATEGIES FUND
    CAMBRIDGE,MA02139
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    KELLY BATES EXECUTIVE DIRECTOR
    35.0     		124,954 3,613 0
    675 MASSACHUSETTS AVENUE
    CAMBRIDGE,MA02139
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    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
     
    2  
    3  
    4  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3..........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    5,557,746
    b
    Average of monthly cash balances.......................
    1b
    120,976
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    2,108,850
    d
    Total (add lines 1a, b, and c).........................
    1d
    7,787,572
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    7,787,572
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ...........................
    4
    116,814
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    7,670,758
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    383,538
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    383,538
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    2,791
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,791
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    380,747
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    380,747
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    380,747
    Part XII
    Qualifying Distributions (see page 25 of the instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    530,161
    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
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    530,161
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
    2,791
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    527,370
    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 (2011)
    Form 990-PF (2011)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2010     		(c)
    2010     		(d)
    2011
    1 Distributable amount for 2011 from Part XI, line 7 380,747
    2 Undistributed income, if any, as of the end of 2011:
    a Enter amount for 2010 only....... 0
    b Total for prior years:2009, 2008, 2007 0
    3 Excess distributions carryover, if any, to 2011:
    a From 2006....... 46,162
    b From 2007....... 152,367
    c From 2008....... 131,679
    d From 2009....... 188,244
    e From 2010....... 182,822
    fTotal of lines 3a through e......... 701,274
    4Qualifying distributions for 2011 from Part
    XII, line 4: bullet$ 530,161
    a Applied to 2010, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		  
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		 
    d Applied to 2011 distributable amount..... 380,747
    e Remaining amount distributed out of corpus 149,414
    5 Excess distributions carryover applied to 2011.    
    (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 5 850,688
    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......     		 
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		0
    e Undistributed income for 2010. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		0
    f Undistributed income for 2011. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		 
    8Excess distributions carryover from 2006 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		46,162
    9Excess distributions carryover to 2012.
    Subtract lines 7 and 8 from line 6a ......     		804,526
    10 Analysis of line 9:
    a Excess from 2007.... 152,367
    b Excess from 2008.... 131,679
    c Excess from 2009.... 188,244
    d Excess from 2010.... 182,822
    e Excess from 2011.... 149,414
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2011, 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) 2011 (b) 2010 (c) 2009 (d) 2008
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    GREG JOBIN-LEEDS
    MARIA JOBIN-LEEDS
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    infoaccessstrategiesorg
    infoaccessstrategiesorg
    cambridge,MA02139
    (617) 494-0715
    bThe form in which applications should be submitted and information and materials they should include:
    VIA E-MAIL
    cAny submission deadlines:
    DURING GRANT CYCLES WHICH ARE LISTED ON THE WEBSITE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    LIMITED TO MASSACHUSETTS ORGANIZATIONS
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ARISE FOR SOCIAL JUSTICE
    467 STATE STREET
    PO BOX 5423
    SPRINGFIELD,MA01101     		N/A 501(C)(3) CIVIC PARTICIPATION 20,000
    EAST BOSTON ECUMENICAL COMMUNITY COUNCIL
    50 MERIDIAN STREET
    EAST BOSTON,MA02128     		N/A 501(C)(3) EVENT SPONSORSHIP 500
    EX-PRISONERS & PRISONERS ORGANIZING FOR COMMUNITY
    5 pleasant street 3rd floor
    WORCESTER,MA01610     		N/A 501(C)(3) CIVIC PARTICIPATION 20,000
    MASSACHUSETTS LAW REFORM INSTITUTE
    99 CHAUNCY STREET SUITE 500
    BOSTON,MA02111     		N/A 501(C)(3) CIVIC PARTICIPATION 100
    BOSTON WORKERS ALLIANCE
    411 blue hill avenue
    dorchester,MA02121     		N/A 501(C)(3) CIVIC PARTICIPATION /EVENT SPONSORSHIP 20,250
    NEIGHBOR TO NEIGHBOR
    262 WASHINGTON STREET 3RD FLOOR
    BOSTON,MA02108     		N/A 501(C)(3) CIVIC PARTICIPATION 10,000
    NEIGHBOR TO NEIGHBOR MASSACHUSETTS EDUCATION FUND
    262 WASHINGTON STREET 3RD FLOOR
    BOSTON,MA02108     		N/A 501(C)(3) STUDENT IMMIGRATION MOVEMENT 1,000
    SCHOTT FOUNDATION FOR PUBLIC EDUCATION
    675 MASSACHUSETTS AVENUE
    CAMBRIDGE,MA02139     		N/A 501(C)(3) EVENT SPONSORSHIP 1,000
    CHINESE PEOPLE'S PROGRESSIVE ASSOCIATION INC
    28 ASH STREET
    BOSTON,MA02111     		N/A 501(C)(3) CIVIC PARTICIPATION 10,000
    URBAN REVIVAL INC (CITY LIFEVIDA URBANA)
    284 AMORY STREET
    JAMAICA PLAIN,MA02130     		N/A 501(C)(3) CIVIC PARTICIPATION 20,000
    UNION OF MINORITY NEIGHBORHOODS
    42 SEAVERNS AVENUE
    JAMAICA PLAIN,MA02130     		N/A 501(C)(3) CIVIC PARTICIPATION 10,000
    NEIGHBOR TO NEIGHBOR FBO NGHBRS UNTD 4 BTR E BOSTN
    262 WASHINGTON STREET 3RD FLOOR
    BOSTON,MA02108     		N/A 501(C)(3) CIVIC PARTICIPATION 20,000
    THIRD SECTOR FBO MASS VOTER EDUCATION NETWORK
    89 SOUTH STREET SUITE 700
    BOSTON,MA02111     		N/A 501(C)(3) CIVIC PARTICIPATION 25,000
    LA COMUNIDAD INC
    471 BROADWAY 1
    EVERETT,MA02149     		N/A 501(C)(3) CIVIC PARTICIPATION 250
    RIGHT TO THE CITY ALLIANCE
    1441 BROADWAY SUITE 5040
    NEW YORK,NY10018     		N/A 501(C)(3) event sponsorship 818
    NAACP BOSTON BRANCH (FBO MASS VOTER EDUC NETWORK)
    PO BOX 300159
    BOSTON,MA02130     		  501(C)(3) event sponsorship 500
    Total .................................bullet 3a 159,418
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 37  
    4 Dividends and interest from securities....     14 251,664  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....     14 430  
    8Gain or (loss) from sales of assets other than inventory     18 96,812  
    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)..   348,943  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13348,943
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2011)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2011 AmortizationSchedule
    Name:
    THE ACCESS STRATEGIES FUND
    EIN: 04-3464581
    Description of Amortized Expenses Date Acquired, Completed, or Expended Amount Amortized Deduction for Prior Years Amortization Method Current Year Amortization Net Investment Income Adjusted Net Income Total Amount of Amortization
    GRANT MGMT SYSTEM 2008-08-06 14,802 14,802 3.0       14,802

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2011 DepreciationSchedule
    Name:
    THE ACCESS STRATEGIES FUND
    EIN: 04-3464581
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    COMPUTER 2000-06-30 5,101 5,101 M5          
    OFFICE FURNITURE 2000-07-17 653 652 M7          
    FAX MACHINE 2001-10-31 728 728 M5          
    BOOKCASE 2001-10-31 274 273 M5          
    CONFERENCE TABLE 2001-10-31 451 449 M7          
    OFFICE FURNITURE 2004-10-07 399 399 M7          
    COMPUTER 2003-11-04 2,799 2,798 M5          
    COMPUTER 2003-12-09 2,116 2,116 M5          
    OFFICE FURNITURE 2004-11-15 212 202 M7   9      
    DESK 2006-09-11 756 632 M7   66      
    SOFA 2006-08-28 675 565 M7   59      
    LAPTOP COMPUTER 2007-03-28 1,014 971 M5   43      
    LAPTOP COMPUTER 2007-08-29 1,230 1,112 M5   118      
    COMPUTER EQUIP 2008-07-31 2,950 2,440 M5   340      
    DESKTOP CPTR - FIN 2012-09-26 1,071   M5   54      

    TY 2011 InvestmentsCorpBondsSchedule
    Name:
    THE ACCESS STRATEGIES FUND
    EIN: 04-3464581
    Name of Bond End of Year Book Value End of Year Fair Market Value
    PIMCO TOTAL RETURN FUND III 1,306,940 1,362,819

    TY 2011 InvestmentsCorpStockSchedule
    Name:
    THE ACCESS STRATEGIES FUND
    EIN: 04-3464581
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CHARLES SCHWAB/PRENTISS SMITH 749,850 787,077
    LORING, WOLCOTT & COOLIDGE 613,439 935,427
    PIMCO COMMODITYREALRETURN FD 786,901 765,080
    STATE STREET 1,115,067 1,236,954

    TY 2011 InvestmentsOtherSchedule2
    Name:
    THE ACCESS STRATEGIES FUND
    EIN: 04-3464581
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ARTISAN EMERGING MARKETS AT COST 798,891 721,731
    BOSTON COMMUNITY CAP SUN INIT AT COST 50,000 50,000
    CRA QUALIFIED INVESTMENT FD AT COST 163,752 168,158
    FORESTER DIVERSIFIED LTD AT COST 1,155,000 1,311,237

    TY 2011 LandEtcSchedule2
    Name:
    THE ACCESS STRATEGIES FUND
    EIN: 04-3464581
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    COMPUTER 5,101 5,101    
    OFFICE FURNITURE 653 652 1  
    FAX MACHINE 728 728    
    BOOKCASE 274 273 1  
    CONFERENCE TABLE 451 449 2  
    OFFICE FURNITURE 399 399    
    COMPUTER 2,799 2,798 1  
    COMPUTER 2,116 2,116    
    OFFICE FURNITURE 212 211 1  
    DESK 756 698 58  
    SOFA 675 624 51  
    LAPTOP COMPUTER 1,014 1,014    
    LAPTOP COMPUTER 1,230 1,230    
    GRANT MGMT SYSTEM 14,802 14,802    
    COMPUTER EQUIP 2,950 2,780 170  
    DESKTOP CPTR - FIN 1,071 54 1,017  


    TY 2011 OtherAssetsSchedule
    Name:
    THE ACCESS STRATEGIES FUND
    EIN: 04-3464581
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    SECURITY DEPOSITS 4,570 4,570 4,570
    OTHER RECEIVABLES 400 0 0
    FLEX SPENDING RETAINER 500 500 500


    TY 2011 OtherDecreasesSchedule
    Name:
    THE ACCESS STRATEGIES FUND
    EIN: 04-3464581
    Description Amount
    OTHER DECREASES IN NET ASSETS 92


    TY 2011 OtherExpensesSchedule
    Name:
    THE ACCESS STRATEGIES FUND
    EIN: 04-3464581
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADMINISTRATIVE SERVICES 840     840
    BANK CHARGES 190     190
    BENEFIT ADMINISTRATION EXP 3,472     3,472
    COMMUNICATIONS EXPENSE 3,232     3,232
    COMPUTER EXPENSES 3,296     3,296
    CONSULTING FEES 2,200     2,200
    DUES & SUBSCRIPTIONS 4,595     4,595
    EQUIPMENT RENTAL 7,806     7,806
    FILING FEES 686     686
    INSURANCE 2,397     2,397
    INVESTMENT FEES 494 494    
    MISCELLANEOUS EXPENSE 823     823
    MISCELLANEOUS EXPENSE REIMB -2,007     -2,007
    OFFICE SUPPLIES 3,860     3,860
    PAYROLL ADMINISTRATION COSTS 1,987     1,987
    POSTAGE & DELIVERY 288     288
    OTHER OUTSIDE SERVICES 4,532     4,532
    STIPENDS 1,500     1,500
    TELEPHONE 4,531     4,531


    TY 2011 OtherIncomeSchedule2
    Name:
    THE ACCESS STRATEGIES FUND
    EIN: 04-3464581
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    other portfolio income 430 430  


    TY 2011 OtherIncreasesSchedule
    Name:
    THE ACCESS STRATEGIES FUND
    EIN: 04-3464581
    Description Amount
    BOOK VS TAX DEPRECIATION ADJUSTMENT 511
    PRIOR PERIOD ADJUSTMENT 6,966


    TY 2011 OtherProfessionalFeesSchedule
    Name:
    THE ACCESS STRATEGIES FUND
    EIN: 04-3464581
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISORY FEES 35,097 35,097    
    INVESTMENT MANAGEMENT FEES 29,489 29,489    


    TY 2011 TaxesSchedule
    Name:
    THE ACCESS STRATEGIES FUND
    EIN: 04-3464581
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 0      
    FOREIGN TAX WITHHELD 5,565 5,565    
    PAYROLL TAXES 13,221     13,221