2019 MASCO Annual Report

FY 2019 ANNUAL REPORT The icon for MASCO’s new placemaking program, named outside, is the two dashed lines you see above. For those of you who are fortunate to spend some time in the music world, you know that the dashed lines are a caesura and tell us when to pause or take a breath. We thought this would be useful in the Longwood Area.

2 MASCO FY2019 ANNUAL REPORT FY 2019 ANNUAL REPORT 4 Letter from MASCO Chair 6 Message from MASCO President and CEO 10 outside// Program 12 Financial Results for FY2019 14 Board and Committee Members

Left: Of an Oak Brass Band performs amid the ever-evolving and always improving landscape of the Longwood Medical Area. Stoneman Park, Brigham Lutch and Women’s Hospital. J.

On the cover: Shapiro Plaza Michael at Beth Israel Deaconess

Medical Center. ©2019 outside// art installation, Implantable Immuno Material Scaffold, at Countway Courtyard, Harvard Medical School. Hastings Margaret ©2019 MASCO Staff at the 2019 Annual Board of Directors Meeting with Board Chair Dick Argys. Jon Lundell, Office Administrator Executive Assistant to the President, CEO, and General Counsel; John Pierce, LEED Green Associate Planner, Area Planning Department; Emily Toumayan, Senior Staff Assistant; P.J. Cappadona, Vice President for Operations; Sarah Hamilton, Vice President for Area Planning and Development; Holli Roth, Vice President and Chief Financial Officer; Marilyn Swartz-Lloyd, President and Chief Executive Officer; Dick Argys, Chair, MASCO Board of Directors and Chief Administrative Officer, Boston Children’s Hospital; Norva Kennard, General Counsel; Jim Nee, Transportation Manager; Tracy Houle, Staff Assistant, Area Planning and Development; Gary DuPont, Director of Telecommunications; and Chuck Badeau, Information Technology Director.

MASCO FY2019 ANNUAL REPORT 3 Chair’s Letter Dear Members, This year I am especially gratified to be among you who are building a moral, just, cultured, educated and healthy society in the midst of rapidly changing times and disquieting events. Despite the many opportunities and challenges that each of our member institutions faces, MASCO appreciates that dedicated and talented individuals in the Longwood community have volunteered to serve on our committees, where the membership is robustly represented.

Surpassing Goals Dick Argys, Chair, MASCO Board of Like all of you, MASCO staff set dynamic goals. MASCO exceeded its FY19 Budget Directors and Chief Administrative Officer, Boston Children’s Hospital; for Income from Operations. Although we own or lease 2,300 parking spaces Marilyn Swartz-Lloyd, President and in the Longwood Area to support those whom public transit doesn’t serve, we Chief Executive Officer, MASCO. strongly encourage alternative transportation methods. MASCO’s program for decreasing the cars in Longwood by helping employees find substitutions to driving solo, increased the number of registrants to over 10,000. Our shuttle bus system was on-time over 90% of the time. Eleven thousand employees are riding our buses from off-site parking lots and the commuter rail, instead of adding to congestion in the LMA. To make sure that those on the road — both bicyclists and automobile drivers — are safe for themselves and others, we encouraged learning the “Rules of the Road” with a campaign of gift cards, posters and social media. Over 1,800 participants representing 90% of our member institutions took the updated Karma Campaign safety quiz. Our telecommunications center is an important link throughout Longwood. MASCO operators have been successful in answering calls within 20 seconds 89% of the time. MASCO employees continue to stretch themselves with challenging goals and complex initiatives that benefit members. We have many people to thank for their help

MASCO’s fleet of buses and shuttles has increased over the last decade to meet the needs of the ever growing student and working population of the Longwood Medical Area. With nine routes, this service helps reduce the traffic by providing reliable transportation to the area. Here Karolina Kowalska and fellow Longwood employees explore the new shuttles at the 2014 Fleet Debut.

4 MASCO FY2019 ANNUAL REPORT Ceila Perez, one of the Call Center operators, keeps MASCO’s members connected to their patients and customers.

Making changes After 15 enormously successful years, we are especially thankful for Marilyn Swartz-Lloyd, MASCO’s President and Mayor Thomas McGee, Massachusetts State Senator, 2002–2017, Speaker of the Massachusetts CEO, who has decided to move to her House of Representatives, 1995–2002; Larry Lucchino, Boston Red Sox President and CEO, next chapter in January, 2020. 2001–2015; Richard A. Davey, Massachusetts Secretary of Transportation, 2011–2014 and General Manager of the MBTA, 2010–2011; Byron Brushing, Massachusetts House of Representatives, Marilyn has made an immense 1983–2019; Deval L. Patrick, Governor of Massachusetts, 2007–2015; Marilyn Swartz-Lloyd, contribution to MASCO and its President and Chief Executive Officer, MASCO; Charles Yancey, Boston City Council from District 4, 2010–2015; Tim Murray, Lieutenant Governor of Massachusetts, 2007–2013 at the 2010 Yawkey employees. Working closely with Stop Commuter Rail ribbon cutting. our member institutions, she has been a tireless advocate in terms of public policy, sustainability and transportation, ownership and operations of the LMA shuttles and the telecommunications center, financial strength for the organization and, most recently, the launch of the outside// program. Marilyn has been a key voice on our behalf in the State House, City Hall, business centers and neighborhood organizations, consistently promoting the important role that the LMA plays as an economic power house, as well as a leader in healthcare, life sciences, education and jobs. Her leadership has been critical to assuring that our members’ concerns are addressed by public policy leaders, elected officials and regulators across the nation. Dorothy Puhy, former Executive Vice President Marilyn has brought a keen eye not only to member relations and public and Chief Financial Officer, Dana-Farber Cancer Institute; Stephanie Pollack, Secretary and engagement, but also governance, operations, facilities, planning, management, Chief Executive Officer of the Massachusetts marketing and communications. Her past experience in high profile roles at Department of Transportation; Marilyn major nonprofit institutions, public entities and in the private sector has enabled Swartz-Lloyd, President and Chief Executive her to benefit MASCO, our member institutions and the community at large. Officer, MASCO. With a deeply committed MASCO staff, her vision for a greater sense of community is visible throughout the Longwood area. While we will certainly miss Marilyn’s visionary leadership, the organization is financially robust and ready for future opportunities, as well as challenges. The governing structure of the Board and committees is strong, member participation is active and the staff is excellent. On behalf of all of us, I wish Marilyn the best in her very richly deserved next stage.

Marilyn Swartz-Lloyd, President and Chief Executive Officer, MASCO, with Senator Elizabeth Warren, incumbent Senator from Massachusetts at the Ruggles Station opening Dick Argys in 2014. Chair, MASCO Board of Directors Chief Administrative Officer, Boston Children’s Hospital

MASCO FY2019 ANNUAL REPORT 5 President’s Message Dear Longwood Community, Guiding a mission driven organization has been immensely rewarding, and I have been fortunate to work with wonderful people and extraordinary institutions for over 15 years. Here are some perspectives on projects and experiences at MASCO that will grow and serve us all.

A transportation vision for Longwood In 2016, with our members, we created a vision for Longwood that looks to the future for pedestrians, bikes, autos, buses, trucks and emergency vehicles. The planning staff had forecast close to 7 million square feet of building development and over 13,000 additional employees. Just three years later, overcrowded transit, congested roadways and busy sidewalks continue to create conflicts. To address these needs, a centrally located Transit Hub that includes bus pull-out lanes, consolidates existing MBTA stops, provides sheltered waiting areas, increases building setbacks, accommodates bicycles, and strengthens the LMA physical identity, has been studied, evaluated and proposed by the Area Planning Department and Strategic Planning Committee to be created over 10 Marilyn Swartz-Lloyd holding years as building owners design new developments. Jasmine, a “volunteer” in the outside// program. Reducing cars and improving access in Longwood now Throughout the last decade a variety of major public transportation investments have been put in place as a direct result of MASCO’s advocacy. The creation of the Lansdowne Commuter Rail Station with its more than 44 service stops for employees living west of Boston was completed in 2014. For commuters south of Boston, MASCO developed the plan and helped to secure funding for a new rail platform at Ruggles Station that expands service there as well. Other important transportation planning improvements throughout Longwood have included new bicycle lanes, pedestrian safety enhancements, improved traffic signals, wider turning radii and street striping.

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Special thanks to MassDOT for permission to use the campaign slogan.

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www.karmacommuting.com

Special thanks to MassDOT for permission to use the campaign slogan.

Want to win a $20 Amazon Gift Card?

www.karmacommuting.com

Special thanks to MassDOT for permission to use the campaign slogan.

Karma Commuting was established in 2012, reflecting MASCO’s commitment to spearheading safe and sustainable modes of transportation to and from the Longwood Medical Area. This awareness campaign is just one of the many advocacy strategies MASCO has employed over the years. ©2019 Michael J. Lutch

6 MASCO FY2019 ANNUAL REPORT ©2015 Dongik Lee Dongik ©2015 Concept for a new “Complete Street” Future Transit Hub and Mobility Plaza on Longwood Avenue. Wayfinding signs dot the neighborhood, providing both directions to the complex of institutions in the area and a unifying sense of identity to the neighborhood. For seven years, “Karma Commuting”, MASCO’s area-wide safety and courtesy campaign has promoted the rules of the road and encouraged a better commuting experience for people using all modes of transportation. MASCO’s Wayfinding vehicle and pedestrian signs define the LMA and guide access to our institutions. Our Operations Department staff manages access for over 11,000 passengers on our shuttle system. This year, we entered into a new 5-year bus contract to operate MASCO’s 37 shuttles. The results will be improved customer service and keeping thousands of cars off the streets. Commuter Services folks from our member institutions and the Operating Services Committee bring to our table both seasoned experience and fresh perspectives.

Increasing connections and supporting the community Another transformation has been in the telecommunications system. MASCO’s Call Center answers main line calls and administers pagers for Beth Israel Deaconess, Dana-Farber and Joslin and provides telephone answering service to 30 community health centers and 250 private medical practices. The Call Center also serves as the communication link among the LMA institutions for medical and non-medical emergencies. This year, we upgraded the hardware and migrated to a new software platform used for all services that manage and operate telecommunications services. Having utilized the previous software platform for over a decade, the process has taken extensive planning, design, implementation and programming, with Beth Israel Deaconess and Dana-Farber working collaboratively with us. Part of our customer service training in working with patients includes a Mr. Rogers video on caring. We ask operators to close their eyes and think about a person who Dina Pinto, Manager, Call Center Operations for MASCO Services, works with an operator to keep hospitals and physician practices, neighborhood made a difference in their lives from acts of kindness. health centers and numerous colleges and businesses connected to callers 24 hours a day, 7 days a week.

MASCO FY2019 ANNUAL REPORT 7 MASCO has also played an increasingly important role in coordinating the collective efforts of the area to improve its ability to respond to crises like paralyzing winter blizzards, transportation emergencies and the marathon bombing tragedy. Over the years, we’ve increased the number of The Longwood Medical organizations and institutional staff Area is a hectic and ever throughout the LMA who participate active space for those in our emergency preparedness Joint on the cutting edge of Operating Center training. medical, research and higher education. The Responding to family needs of staff Longwood Medical Area and students, we have also assured Child Care Center supports the employees of child care for nearly 200 youngsters the MASCO community by providing easily accessible, caring and quality childcare. per year in the Longwood Medical Area Child Care Center, founded by MASCO as a nonprofit, and through a contract with Bright Horizons at 401 Park. The Longwood Medical Area is in operation Continuing a tradition with another organization that MASCO incubated, we 24 hours a day, 7 days a week, and complete have supported the work of the Colleges of the Fenway to help implement a shutdown is not an option. However, it is also wide range of shared programs and initiatives. in New England and New England means snow. MASCO has kept the community of Every day, from MASCO’s founding in 1972, we have addressed countless students and employees, who provide care emerging issues facing our members. for the Boston area, safe as they access the neighborhood during the inevitable snow storms. Here MASCO coordinated plows Taking a breath continuously clear the streets along Longwood Ave during the snow storm of 2015. From advancing change, we enter the world of slowing down and building a healthy community. Just as we have evolved with rapidly changing technology, we have also been eager to create qualitative experiences where people come together.

Discover what the Longwood Medical Area and surrounding neighborhoods have to offer at Evans Way Park LongwoodArea.org.

8 MASCO FY2019 ANNUAL REPORT Every day, from MASCO’s founding in 1972, we have addressed countless emerging issues facing our members. Lutch J. Michael ©2019 MASCO installed flashing pedestrian crosswalk signs along Longwood Avenue to protect We have completed our third upgrade for the MASCO.org website. In addition to pedestrians making their way between classes, appointments and meetings. extensive shuttle information, our companion site, LongwoodArea.org, includes 12 walking tours throughout the LMA to enhance the student, employee, patient and visitor experience, whether the interest is an academic, cultural, scientific, medical, retail or sustainable environmental experience. This additional newly developed site, Longwoodarea.org, urges people to “Get Social” and lists places to eat, play, visit and learn. We have added public street furniture, seasonally colorful planters and hanging flowering baskets, and streetscape and public park improvements. Of particular note is the restoration of Evans Way Park where, in 2008, MASCO had coordinated members and abutters to raise funds for 33 new trees, replacement benches and rebuilt pathways, as well as the repair of street lights and sidewalks. With the Strategic Planning Committee, the Area Planning Department has developed an exceptional new experience for Longwood this year, a “placemaking” program identified as outside//. We have begun funding capital expenses for a three-year pilot at seven sites in the LMA. Member institutions Lutch fund the operating expenses. You can see examples of the spaces, programs and J. experiences throughout this annual report. Michael An important aspect of much of what we do is build collaboration and involve many members in the creative process. We want to shape a program and places ©2019 for the future for people to work, rest, rejuvenate, meditate or play here. MASCO’s Area Planning Department began the LMA Beautification Initiative in 2008, Successful places have strong bones and will develop in organic ways. installing planters and landscaping along Every day and every year in Longwood is special, and we at MASCO are Longwood Avenue. Phase two of the project began in 2012. With financial support from particularly fortunate to work with such significant partners. I am grateful for members, hanging baskets expanded the having spent my days with such talented and dedicated people. colorful verdure on Brookline Avenue. To the MASCO staff, Board and committees and all my friends and colleagues in Longwood and beyond, thank you for everything that you do for the people that you serve. As Mr. Rogers says in the Call Center’s training film, “When you care enough, you change the world.”

Marilyn Swartz-Lloyd President and CEO

MASCO FY2019 ANNUAL REPORT 9 Rapidly changing science and technology is a driving force in the Longwood area. To offset this demanding pace, we are eager to create qualitative experiences and places where people come together and refresh. An important aspect of placemaking, and actually much of what we do at MASCO, is to build collaboration and involve many members in this creative process. Lutch J. Michael ©2019 MASCO worked in conjunction with the Wyss Institute to create free outdoor art installations that nod to the area’s science research. Here a microscopic image of a butterfly’s wing is shown at the 77 Avenue Louis Pasteur site. Lutch J. Lutch J. Michael ©2019 Michael MASCO contracted a variety of food trucks

©2019 several days a week at different locations in Weekly Chess Simuls were held where members of the public could the neighborhood to encourage people to try their hand at competing with nationally ranked chess master, Marc take their lunches outside. Here is Countway Esserman in the Countway Courtyard, Harvard Medical School. Courtyard, Harvard Medical School. Lutch J. Michael ©2019 Namaste! The weekly Monday and Friday afternoon yoga had everyone, literally, taking a deep breath and easing into both the work week and weekend at 77 Avenue Louis Pasteur, Harvard Medical School.

Book carts were available at multiple sites with a variety of bestsellers, magazines and daily newspapers. These carts functioned as outdoor libraries

where people could Lutch

borrow something to J. For three days a week the strains of Classical, World, read while enjoying Blues, Soul and Jazz musicians could be heard throughout

the weather. Countway Michael the neighborhood. Shapiro Plaza, Beth Israel Deaconess Courtyard, Harvard

The Author and Storytellers Series occurred weekly on Tuesdays and Thursdays; Lutch

J. authors, poets and speakers performed for audiences in Countway Courtyard, Harvard Michael Medical School. ©2019 Ping Pong, board games and book carts, oh my! outside// provided many activities to encourage people to take a break and have a little fun here in Shapiro Plaza, Beth Israel Deaconess Medical Center.

MASCO FY2019 ANNUAL REPORT 11 2019 These pages provide an overview of MASCO’s Financial Performance for the year ending Financial June 30, 2019. In addition to providing information for the most recent year, we went back to look at MASCO’s financial performance during Marilyn Swartz-Lloyd’s tenure at Overview MASCO. The information presented captures many highlights. For a copy of MASCO’s audited financials for FY2019, please contact [email protected].

Return on Investments Investment Portfolio % $ 2.5 43.4 million For period ending June 2019

43.4 m 33.3 m

13.5 m 17.2 m 2.5% 6.4% 3.6% 6.5% 1 Year 3 Year 5 Year 10 Year 2004 2009 2014 2019

Net Assets Capital Expenditures $ $ 59.5 million 1. 8 million 28% 15% 375 Longwood 375 Longwood Garage m Office 59.5 8% 47.2 m General % Administration 27 m 35 Parking, % 14 m Transportation, 14 2004 2009 2014 2019 Operations Telecommunications

Debt Coverage Ratio Shuttle Bus Lease Liability $ 4.34 times 6.5 million MASCO’s lease for the shuttle buses requires a debt coverage ratio In FY14, MASCO entered a lease with JP Morgan Chase Bank to of no less than 1.00 times. MASCO has comfortably exceeded this provide funding for the 37 vehicle shuttle fleet. The initial amount requirement for all fiscal periods since the lease inception in FY14. of the lease was $13.5 million for a term of 10 years. As of the end Debt coverage ratio is total revenues minus total expenses divided of FY19, MASCO was more than half through the term of the lease by total debt service. with a balance of $6.5 million remaining. This lease is MASCO’s only outstanding debt.

12 MASCO FY2019 ANNUAL REPORT Financial Milestones 2004 – 2019

2004 MASCO begins advertising on buses 2005 Merck joins MASCO as first participant in new associate member program 15 Year Financial Performance Dashboard (in thousands) 2005 MASCO adopts Investment Statement of Financial Position 2004 2009 2014 2019 Policy Statement Cash and cash equivalents 2,915 4,712 2,283 3,090 2006 Accounts receivable 866 1,086 793 888 MASCO is one of the first Investments 13,464 17,224 33,317 43,385 private transit agencies to Property and equipment, net 19,796 19,274 27,805 21,176 upgrade to low diesel buses Other assets 1,657 1,682 1,761 2,789 2006 Total assets 38,698 43,978 65,959 71,328 MASCO launches automatic payment at the garage exit Accounts payable and accrued expenses 1,598 1,443 1,990 1,906 lanes for 375 LWA Deferred revenue 1,035 759 1,544 2,571 Long term debt liability 21,409 13,901 14,690 6,460 2007 Other liabilities 698 906 518 862 375 Longwood Avenue debt Total liabilities 24,740 17,009 18,742 11,799 refinancing eliminates need for member guarantee Net assets 13,958 26,969 47,217 59,529 2010 Total liabilities and net assets 38,698 43,978 65,959 71,328 10th year of no Area Planning member assessment Statement of Activities 2011 Total operating revenue 25,608 33,734 30,747 34,723 MASCO provides accounting Operating expenses services for Longwood Salaries and benefits 3,483 4,318 5,140 5,767 Medical Energy Collaboration Professional and contract services 11,710 14,748 14,106 12,836 2014 Rent, maintenance and utilities 4,819 6,810 7,091 8,299 MASCO purchases bus fleet of Equipment rentals and maintenance 1,114 467 653 585 37 vehicles Supplies, insurance and other 613 682 869 802 Depreciation and amortization 1,193 1,896 1,153 2,861 2014 Interest expense 1,456 753 417 187 375 Longwood Avenue debt Total operating expenses 24,387 29,674 29,429 31,337 retired Excess operating revenue over 2016 1,221 4,060 1,318 3,385 operating expenses Spending guideline to fund Strategic Initiatives adopted Other income (expense) 2016 Investment Income, net of spending guideline 367 (1,513) 3,676 401 2017 Recovery of (provision for) taxes on income (40) (105) (15) (92) MASCO provides accounting sevices for BCD Hospital Loss on disposal of fixed assets - (23) (61) (6) Collaborative Excess revenue over expenses 1,548 2,419 4,918 3,688 2019 MASCO launches outside// and funds start up costs

MASCO FY2019 ANNUAL REPORT 13 Board and Committee Members

BOARD OF DIRECTORS The Winsor School (WS) Nominating and Governance Committee (as elected at the June 24, 2019 Annual Meeting) Sarah Pelmas, PhD, Head of School Dick Argys (BCH), MASCO Chair MASCO Directors at Large Marilyn Swartz-Lloyd, MASCO President (ex officio) Marilyn Swartz-Lloyd, President (ex officio) Stephen P. Koster, Esq. Operating Services Committee Beth Israel Deaconess Medical Center Edward H. Ladd (BIDMC) Meredith Weenick Walter Armstrong, Co-Chair (BIDMC) Robert Totino (WIT), Co-Chair Kevin Tabb, MD, Chief Executive Officer Chairman Emeritus John Crompton (WS) Peter Healy, President Rudman J. Ham Chris Correia (FH) Boston Children’s Hospital (BCH) Dan Deutsch (TI) Sandra L. Fenwick, Chief Executive Officer MASCO GOVERNANCE Robert Dickson (HU) Dick Argys, Senior Vice President and Chief COMMITTEES Sister Anne Donovan (EC) Administrative Officer Executive Committee Hugh Flaherty (DFCI) Brigham and Women’s Hospital (BWH) Dick Argys (BCH), MASCO Chair Kitty Howard (MDMH) Elizabeth G. Nabel, MD, President Sister Janet Eisner (EC), MASCO Vice-Chair Rick Lessard (MCPHSU) Ron M. Walls, MD, Executive Vice President and Peter Healy (BIDMC) Joan Martinez Cuerva (SU) Chief Operating Officer Charles F. Monahan, Jr. (MCPHSU) Michael Melisi (JDC) Lisa Muto (HU) Dana-Farber Cancer Institute (DFCI) Christina O’Keefe (JBCC) James Terwilliger (DFCI) Laurie H. Glimcher, MD, President and Chief Robert Perry (MCAD) Executive Officer Ron M. Walls, MD (BWH) Jeff Pike (MEEI) James Terwilliger, Executive Vice President and Marilyn Swartz-Lloyd, MASCO President George Player (BWH) Chief Operating Officer (ex officio) Sharon Rose (Merck) Emmanuel College (EC) Compensation Committee Clifford Rust (ISGM) Sister Janet Eisner, SND, President Dick Argys (BCH), MASCO Chair Henry Tomasuolo (BCH) Thomas Hynes, Jr., Trustee Charles F. Monahan, Jr. (MCPHSU) Harvard University (HU) Michael Reney (DFCI) Lisa Muto, PhD, Executive Dean for Finance Committee Administration Rick Lessard, Chair (MCPHSU) Isabella Stewart Gardner Museum (ISGM) Eliot Lurier, Vice-Chair (JDC) Peggy Fogelman, Norma Jean Calderwood Dick Argys (BCH), MASCO Chair Director Michael Cullan (BIDMC) Joslin Diabetes Center (JDC) Christopher Dunleavy (BWH) Peter Amenta, MD, PhD, President and Chief Edward H. Ladd (at large) Executive Officer Michael Reney (DFCI) Judge Baker Children’s Center (JBCC) Doug Vanderslice (BCH) Mark Fuller, MASCO Board of Directors, Robert P. Franks, PhD, President and Chief Marilyn Swartz-Lloyd, MASCO President Trustee Emeritus, MCPHS University and Sister Executive Officer (ex officio) Janet Eisner, Vice Chair, MASCO Board of Massachusetts College of Art and Design Directors and President, Emmanuel College. (MCAD) David Nelson, PhD, President Robert Perry, Vice President of Administration and Finance MCPHS University (MCPHSU) Charles F. Monahan, Jr., President Mark Fuller, Trustee Emeriti Massachusetts Department of Mental Health (MDMH) Joan Mikula , Commissioner Simmons University (SU) Helen Drinan, President Temple Israel (TI) P.J. Cappadona, Vice President for Operations, Gina Vild, MASCO Guest Speaker, Chief MASCO and Stephen P. Koster, Esq., MASCO Communications Officer for Harvard Medical Marc Maxwell, President Board of Directors, Director at Large. School. Dan Deutsch, Executive Director Wentworth Institute Of Technology (WIT) Mark Thompson, PhD, President

14 MASCO FY2019 ANNUAL REPORT Photos ©2019 Margaret Hastings Dan Beaudoin (HCSPH) MASCO OFFICERS MASCO EXECUTIVE STAFF Marilyn Swartz-Lloyd, MASCO, President President and Chief Executive Officer President and Chief Executive Officer (ex officio) Marilyn Swartz-Lloyd Marilyn Swartz-Lloyd Strategic Planning Committee Vice President of Finance and Vice President for Operations Maria Megdal (DFCI), Co-Chair Administration, Treasurer and Chief P.J. Cappadona Jeremy Solomon (SC), Co-Chair Financial Officer Vice President for Area Planning William Burley (BIDMC) Holli G. Roth and Development Dan Deutsch (TI) Clerk Sarah Hamilton Betsy Gerlach (BIDMC) Jay E. Bothwick, Esq. Wendy Gettleman (DFCI) General Counsel Assistant Clerk Lisa Hogarty (BCH) Norva Kennard Norva H. Kennard, Esq. Stephen Maiorisi (HU) Vice President and Chief Financial Officer Jennifer Morse (MCPHSU) Holli G. Roth MASCO ASSOCIATE MEMBERS Robert Perry (MCAD) BU Wheelock College of Education and Sean Philpott (EC) Human Development George Player (BWH) Fenway Community Health Center (FH) Sharon Rose (Merck) Massachusetts Eye and Ear Infirmary Henry Tomasuolo (BCH) Merck Research Laboratories David Wahlstrom (WIT) Daniel Beaudoin (HSPH) Clifford Rust ( ISGM) Jake Sullivan (BU) Marilyn Swartz-Lloyd, MASCO President (ex officio)

Maria Megdal, MASCO Strategic Planning Chuck Badeau, Information Technology Dick Argys, Chair, MASCO Board of Directors Committee Co-Chair, Senior Vice President Director, MASCO and Jeremy Solomon, and Chief Administrative Officer, Boston of Operations, Dana-Farber Cancer Institute MASCO Strategic Planning Committee Children’s Hospital; Gina Vild, Guest Speaker, and Sarah Hamilton, Vice President for Area Co-Chair and Associate Vice President for Chief Communications Officer for Harvard Planning and Development, MASCO. Communications and Public Affairs, Simmons Medical School; and Marilyn Swartz-Lloyd, University. President and Chief Executive Officer, MASCO.

Rabbi Elaine Zecher, Senior Rabbi, Temple Ted Ladd, MASCO Finance Committee, P.J. Cappadona, Vice President for Operations, Israel; Holli Roth, Vice President and Chief Chairman Emeritus, Standish Mellon Asset MASCO and Robert Totino, MASCO Operating Financial Officer, MASCO; and Marc Maxwell, Management; Peter Healy, MASCO Board of Services Committee Co-Chair and Vice MASCO Board of Directors, President, Directors, and President, Beth Israel Deaconess President of Finance, Wentworth Institute of Temple Israel. Medical Center; and Dr. Peter S. Amenta, Technology. MASCO Board of Directors, President and CEO, Joslin Diabetes Center.

Photos ©2019 Margaret Hastings MASCO FY2019 ANNUAL REPORT 15 Medical Academic and Scientific Community Organization, Inc. 375 Longwood Avenue Boston, MA 02215 MASCO.org LongwoodArea.org @MASCOLMA facebook.com/commuteworks

Emily Toumayan, MASCO Communications Natalie MacKnight, Designer Michael J. Lutch and Margaret Hastings, Contributing Photographers Opus Designs, Karma Commute Campaign