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The Mission Hill / Fenway Neighborhood Trust, Inc. was established as a $1.5 million fund in 1995 by Beth Israel Hospital as a condition of the Hospital's purchase of the former Massachusetts College of Art building at Brookline and Longwood Avenues. In 1988, as a result of the efforts of Rep. Kevin Fitzgerald, a special act of the State Legislature required establishment of the fund by whoever was to purchase the land from the state. The 1988 law required that the Trust administer and operate a fund which will give loans or grants to community-based Mission Hill and Fenway non-profit organizations, community development corporations, and groups which enhance the quality of life through affordable housing, youth programs, elderly programs, social services and whatever the Mission Hill Fenway Neighborhood Trust deems appropriate. A 9-member Community Advisory Committee (CAC) set criteria for the selection of Board members; an equal number of representatives from Mission Hill and Fenway were required. The original contribution had grown to $1.9 million in the decade it took to finalize the details of how the Trust would be managed. In 1999 the first Board members were appointed, and in 2000 the first awards to local organizations were distributed.

The original board members, selected via a CAC-based nomination process, were Ed Blackman as chair, Bettye Robinson, and Charles Wilbraske from Mission Hill; and Helen Singleton, James Morgan, and Lauren Dewey Platt from Fenway. Other board members have been Chrystal Kornegay (Mission Hill), Tracy Cusick (Fenway) and Joe Ronayne (Fenway). Current board members are Lauren Dewey Platt as chair, Richard Orareo, and Bonnie Thryselius from Fenway; and Bettye Robinson, Tina Pankievich, and Alison Pultinas from Mission Hill. Bonnie joined the board in 2009 replacing Joe Ronayne, who had moved out of the area.

Organizations funded by the Trust have included Fenway Community Development Corporation, ABCD Parker Hill Fenway Neighborhood Service Center, Benjamin Health Care Center, Solar Fenway, Mission Hill Artists Collective, Fenway Civic Association, Friends of Historic Mission Hill, Mission Hill School Family Council, Friends of Ramler Park, Mission Hill Health Movement, Mission Hill Main Streets, Mission Hill / Fenway Buccaneers (youth football program), Sociedad Latina, MissionSafe, Boston Building Materials Coop, Mission Hill Little League, Save Fenway Park!, Mission Park Social Services, Our Lady of Perpetual Help Grammar School, Neighborhood Access Group, Fenway Community Health Center, and the Mission Link bus service.

An annual Request for Proposals (RFP) is published in the February and March issues of the Mission Hill Gazette and The Fenway News, and awards are distributed at the Annual Meeting in June. For more information about the Trust, please contact Lauren Dewey Platt at 617.429.0480 or ldeweyplatt@gmail.com.