Grantmaking public charityEIN 042103594
Massachusetts Institute of Technology
Cambridge, MA 021394307
Total Assets
$39.9B
FY 2023
Annual Giving
$12.7M
FY 2023
Grants Made
105
FY 2023
Avg Grant
$121K
FY 2023
Grant Range
—
Typical
Deadlines
—
Applications
Programs & Activities
Program 1
$1.7BInstruction, unsponsored research, and other: mit is committed to providing a world-class education to our approximately 4,600 undergraduates and approximately 7,300 graduate students. An mit education combines analytical rigor with hands-on learning, imagination, and an appetite for solving the hardest problems in service to society. Research flourishes in departments across mit's five schools and one college (science; engineering; humanities, arts & social sciences; architecture & planning; management; and computing), as well as in centers, labs, and programs that convene experts across disciplines. Other expenditures (including grants) incurred, and revenues generated in connection with mit's other program services related to various activities in furtherance of and in support of mit's exempt mission included but were not limited to such things as fees and services (for example, mit health, technology licensing office), auxiliary enterprises (for example, housing, dining), and other miscellaneous program service revenue.
Program 2
$562.4MUndergraduate scholarships and graduate tuition support: mit's undergraduate financial aid program ensures that an mit education is accessible to all qualified candidates regardless of their financial resources. Mit remains dedicated to providing financial aid to meet the full cost of an mit education, based on the needs of the family. In 2023-2024, approximately 58% of all undergraduates received some type of need-based financial aid from mit. Financial aid for graduate students includes fellowships, traineeships, and teaching and research assistantships. Tuition support also includes external support that flows through mit, in the form of grants.
Focus Areas
Financial Snapshot
2023 filing
Total Revenue
$5.9B
Total Expenses
$5.2B
Giving Over Time
6 years
Total dollars recorded per filing year. Scale adjusts to the foundation's range.
Top Recipients
459 grants
Grant Size Distribution
459 grants
Geographic Focus
35 states
+25 more states
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