NonprofitsMassachusetts Institute Of Technology

Education

Massachusetts Institute Of Technology

CAMBRIDGE, MA

Total revenue

$5.9B

Total expenses

$5.2B

Net assets

$33.5B

Grants received

$1.9B

2,626 grants

EIN

042103594

Tax year

2023

Mission

The mission of mit is to advance knowledge and educate students in science, technology, and other areas of scholarship that will best serve the nation and the world in the 21st century.

Programs

2 programs

Instruction, 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.

Expenses: $1.7BGrants: $121.3M

Undergraduate 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.

Expenses: $562.4MGrants: $562.4M

Financials

FY 2023

Revenue

Contributions & grants$1.2B
Program service revenue$3.0B
Investment income$1.5B
Other revenue$205.2M
Total revenue$5.9B

Expenses

Grants paid$683.6M
Salaries & benefits$2.5B
Fundraising$67.2M
Other expenses$2.0B
Total expenses$5.2B
Total assets$39.9B
Net assets$33.5B

People

31 listed

NameRoleCompensation

Sally Kornbluth

President

Board

$1.5M

60 hrs/wk

Glen Shor

Executive VP and Treasurer

Board

$883K

60 hrs/wk

Suzanne L Glassburn

VP and Secretary (Outgoing)

Board

$792K

60 hrs/wk

Rachel J Donahue

Secretary (Incoming)

Board

$202K

60 hrs/wk

Mark P Gorenberg

Chair of the Corporation

Board

$8K

40 hrs/wk

Fariborz Maseeh

Executive Committee Member

Board

5 hrs/wk

David M Siegel

Executive Committee Member

Board

5 hrs/wk

Alan G Spoon

Executive Committee Member

Board

5 hrs/wk

Orit Gadiesh

Executive Committee Member

Board

5 hrs/wk

Paul R Marcus

Executive Committee Member

Board

5 hrs/wk

Wesley G Bush

Executive Committee Member

Board

5 hrs/wk

Russell Erich Caulfield

Executive Committee Member

Board

5 hrs/wk

Noubar B Afeyan

Executive Committee Member

Board

5 hrs/wk

Leslye Miller Fraser

Executive Committee Member

Board

5 hrs/wk

Seth Alexander

President of MITIMCo

Staff

$3.1M

60 hrs/wk

Steven Marsh

Senior VP, MITIMCo

Staff

$3.1M

60 hrs/wk

L Rafael Reif

Professor (Former President)

Staff

$2.3M

60 hrs/wk

Thomas Wieand

Global Investment Professional, MITIMCo

Staff

$1.8M

60 hrs/wk

Ryan Akkina

Global Investment Professional, MITIMCo

Staff

$1.8M

60 hrs/wk

Navneeth Harikumar

Global Investment Professional, MITIMCo

Staff

$1.8M

60 hrs/wk

Cynthia Barnhart

Provost

Staff

$987K

60 hrs/wk

Mark DiVincenzo

VP and General Counsel

Staff

$804K

60 hrs/wk

Eric Evans

Director of Lincoln Laboratory

Staff

$796K

60 hrs/wk

Julie Lucas

VP for Resource Development

Staff

$672K

60 hrs/wk

Melissa Nobles

Chancellor

Staff

$649K

60 hrs/wk

Maria Zuber

VP for Research (Outgoing)

Staff

$584K

60 hrs/wk

Ian Waitz

VP for Research (Incoming)

Staff

$568K

60 hrs/wk

W Eric Grimson

Chancellor for Academic Advancement (Former Interim VP for Open Learning)

Staff

$557K

40 hrs/wk

Alfred Ironside

VP for Communications

Staff

$463K

60 hrs/wk

Whitney Espich

CEO, MIT Alumni Association

Staff

$333K

60 hrs/wk

Diane B Greene

Former Chair of the Corporation

Staff

$25K

40 hrs/wk

Independent contractors

American Campus Communities

Construction

$87.8M

John Moriarty & Associates

Construction

$34.2M

Turner Construction Company

Construction

$30.2M

Bon Appetit Management

Food Services

$20.3M

EPI-USE AMERICA INC

IT Consulting Services

$16.8M

Grants received

Showing 200 of 2,626

FromAmountPurposeYear
$15M
TO ACHIEVE CHARITABLE PURPOSE
2024
$15M
TO ACHIEVE CHARITABLE PURPOSE
2024
$9.1M
Exempt Purpose
2024
$5.5M
THE PICOWER INSTITUTE INNOVATION FUND (PIIF)
2024
$5.0M
TRANSFORMATIVE COMPUTATIONAL BIOLOGY
2024
$3.5M
TO SUPPORT J-PAL NORTH AMERICA, INCLUDING BY FUNDING LANDMARK RANDOMIZED EVALUATIONS, EXPANDING THE CAPACITY AND DIVERSITY OF RESEARCHERS WHO WORK ON RANDOMIZED EVALUATIONS, TRANSLATING FINDINGS INTO ACTIONABLE INSIGHTS THAT INFORM POLICY AT SCALE, AND INSTITUTIONALIZING THE USE OF EVIDENCE AS A DRIVING FORCE BEHIND U.S. POLICYMAKING.
2024
$3M
TO SUPPORT THE ABDUL LATIF JAMEEL POVERTY ACTION LAB NORTH AMERICA IN ITS WORK TO GENERATE RANDOMIZED CONTROLLED TRIALS THAT MEASURE THE IMPACT OF SOCIAL PROGRAMS AND POLICIES.
2024
$2.5M
RESEARCH
2024
$2.5M
SUPPORT FOR CLINICAL STUDIES AND TO ADVANCE DISCOVERIES AND NEW TECHNOLOGIES IN CANCER RESEARCH
2024
$2.3M
DISCOVERY AND TRANSLATIONAL SCIENCES
2024
$2.3M
VACCINE DEVELOPMENT
2024
$2M
PROGRAM DEVELOPMENT/EVALUATION
2024
$1.7M
EMPOWER WOMEN AND GIRLS
2024
$1.7M
PICOWER FELLOWS PROGRAM
2024
$1.5M
HIV
2024
$1.5M
UNRESTRICTED GENERAL SUPPORT
2024
$1.5M
TO CONSTRUCT A CYCLOTRON FACILITY AND PROCURING THE INSTALLATION OF THE FIRST 30 MEV PROTON BEAM WITHIN THE CYCLOTRON FACILITY.
2024
$1.4M
AGRICULTURAL DEVELOPMENT
2024
$1.3M
U.S. ECONOMIC MOBILITY & OPPORTUNITY
2024
$1.3M
TO SUPPORT THE STATE AND LOCAL INNOVATION INITIATIVE ("SLII") OF GRANTEE'S ABDUL LATIF JAMEEL POVERTY ACTION LAB ("J-PAL") NORTH AMERICA.
2024
$1.2M
EARLY LEARNING; RESEARCH, LEARNING & INNOVATION OPPORTUNITIES
2024
$1.2M
AGRICULTURAL DEVELOPMENT
2024
$1.2M
EMPOWER WOMEN AND GIRLS; FAMILY PLANNING
2024
$1.1M
TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION.
2024
$1M
Denise A. and Eugene W. Chinery Fund for Neurodevelopment Research
2024
$1M
BOATHOUSE RENOVATION
2024
$890K
DISCOVERY AND TRANSLATIONAL SCIENCES
2024
$785K
IN SUPPORT OF RESEARCH TO DEVELOP CHIRAL-BASED MOLECULAR QUANTUM SENSORS FOR BIOLOGICAL APPLICATIONS.
2024
$750K
VACCINE DEVELOPMENT
2024
$750K
DR. TONEGAWA'S RESEARCH PROGRAM
2024
$750K
CLIMATE SCIENCE & POLICY RESEARCH
2024
$733K
VACCINE DEVELOPMENT
2024
$614K
UNRESTRICTED GENERAL
2024
$548K
Extramural Research
2024
$525K
SCIENTIFIC RESEARCH
2024
$520K
EDUCATIONAL
2024
$500K
ECOSYSTEM GRANT
2024
$500K
Continuation of pledge for graduate fellowship
2024
$500K
LI-HUEI TSAI'S RESEARCH PROGRAM
2024
$500K
TO CREATE LEARNING
2024
$480K
ENVIRONMENTAL RESEARCH
2024
$478K
TO SUPPORT THE EXEMPT PURPOSE OF THE RECEIPIENT ORGANIZATION
2024
$478K
TO SUPPORT THE EXEMPT PURPOSE OF THE RECEIPIENT ORGANIZATION
2024
$469K
DISCOVERY AND TRANSLATIONAL SCIENCES
2024
$456K
TO ACHIEVE CHARITABLE PURPOSE
2024
$455K
GRANT EXTENSION FOR SCIENTIFIC RESEARCH - CATALYST SCIENCE FUND PROJECT
2024
$452K
K-12 EDUCATION
2024
$451K
TO ASSESS AND ESTIMATE THE AMOUNT OF HOME HEALTH CARE FRAUD IN THE UNITED STATES AND THE EFFECT OF ALTERNATIVE POLICY INTERVENTIONS ON REDUCING IMPROPER HOME HEALTH CARE USE.
2024
$405K
U.S. ECONOMIC MOBILITY & OPPORTUNITY
2024
$401K
NUTRITION
2024
$400K
TO IMPROVE OUTCOMES FOR K-12 STUDENTS IN THE U.S.
2024
$383K
RESEARCH GRANT
2024
$360K
Grant to support the MIT AGELAB research & education programs
2024
$351K
ENVIRONMENTAL PROGRAMS
2024
$350K
Post-primary education in developing countries, Phase II(J-PAL)/ Fol and IGI
2024
$347K
TO SUPPORT THE ABDUL LATIF JAMEEL POVERTY ACTION LAB ("J-PAL") NORTH AMERICA COMMUNITY SAFETY AND CRIMINAL JUSTICE REFORM INITIATIVE, WITH THE OVERALL GOAL OF SPURRING NEW EVALUATIONS AND EVIDENCE ON CRIMINAL LEGAL POLICY BY FUNDING, SUPPORTING, AND DISSEMINATING EVIDENCE FROM PROMISING RANDOMIZED EVALUATIONS.
2024
$300K
TO EXPLORE NEW FORMS OF QUANTUM MATTER WITH STRONG MAGNETIC INTERACTIONS USING DYSPROSIUM ATOMS AND A NEW SUPERRESOLUTION TECHNIQUE TO POSITION ATOMS WITH 50 NM RESOLUTION.
2024
$300K
DISSECTING MICROGLIAL STATE DYNAMICS IN ALZHEIMER'S DISEASE
2024
$300K
CAMPUS WIDE CAPITAL RENEWAL FUND
2024
$286K
RESEARCH SUBAWARD
2024
$269K
SUBRECIPIENT AWARD
2024
$256K
UNRESTRICTED GENERAL
2024
$254K
AGRICULTURAL DEVELOPMENT
2024
$250K
UNRESTRICTED GENERAL
2024
$250K
FOR SUPPORT OF THE AI + OPEN EDUCATION INITIATIVE
2024
$250K
CLEANTECH EXPLORATION
2024
$250K
PICOWER FELLOWS PROGRAM DRS. PRESCOTT AND WEISSBOURD
2024
$250K
INCLUSIVE FINANCIAL SYSTEMS
2024
$250K
FOR CEEPR'S INDUSTRIAL STRATEGY ECONOMIC MONITOR
2024
$250K
THE MIND (MAXIMIZING INNOVATION IN NEUROSCIENCE DISCOVERY) PRIZE
2024
$229K
MALARIA
2024
$225K
HIV
2024
$225K
80646 LAUNCHING A "REAL TALK" LIVING LAB TO REGAIN AN ABILITY TO LISTEN AND RELATE TO ONE ANOTHER TOWARD AN EQUITABLE, FAIR, AND SUSTAINABLE SOCIETY
2024
$222K
IN SUPPORT OF THEORETICAL AND SYNTHESIS EFFORTS TO STABILIZE HIGH-TEMPERATURE HYDROGEN CHALCOGENIDE SUPERCONDUCTORS AT AMBIENT PRESSURE USING A NOVEL REACTOR FOR ELECTROCHEMICAL THIN-FILM SYNTHESIS.
2024
$217K
VACCINE DELIVERY; VACCINE DEVELOPMENT
2024
$204K
MICROBIOME-MEDIATED OXYTOCIN RELEASE IN HUMAN HEALTH
2024
$200K
IN SUPPORT OF MIT OPEN DOCUMENTARY LAB AND CO-CREATION STUDIO RESEARCH
2024
$200K
LEO FAMILY FUND #3898070
2024
$200K
EDUCATION
2024
$200K
ENVIRONMENTAL PROGRAMS
2024
$180K
TO FUND DRONE AIRSPACE INTEGRATION RESEARCH
2024
$177K
IN SUPPORT OF EXPERIMENTAL RESEARCH AIMED AT ACHIEVING OPTICAL CONTROL OF TOPOLOGICAL PROPERTIES AND ORDERED PHASES IN QUANTUM MATERIALS.
2024
$175K
MIT INTRODUCTION TO TECHNOLOGY, ENGINEERING, AND SCIENCE (MITES)
2024
$170K
FOR J-PAL'S CORE EFFORTS TO REDUCE POVERTY BY INFORMING POLICY AND PRACTICE WITH EVIDENCE
2024
$167K
KANWISHER KP AWARD DONATION: MCGOVERN INSTITUTE FOR BRAIN RESEARCH
2024
$164K
81819 SUPPORTING A GRANULAR DATA ANALYSIS OF THE STRUCTURAL BARRIERS IN MEDICAL ORGAN PROCUREMENT
2024
$158K
IMPROVING ACCESS & EQUITY IN PRIVATE SCHOLARSHIPS
2024
$152K
TO ACHIEVE CHARITABLE PURPOSE
2024
$151K
NAT-TECH
2024
$150K
in support of the MIT Solve vision to harness the power of AI and to create the Morgridge Family Foundation AI Prize
2024
$150K
OCEAN STEWARDSHIP AND RESEARCH
2024
$150K
MEDICAL RESEARCH
2024
$144K
FOR THE MIT OPEN DOCUMENTARY LAB FOR RESEARCH TO ADVANCE THE BOUNDARIES AND DISCOURSE OF DOCUMENTARY MEDIA IN ALL FORMS
2024
$143K
IN SUPPORT OF INVESTIGATIONS OF EMERGENT PHENOMENA ARISING FROM ELECTRON CORRELATIONS AND TOPOLOGICAL ORDER IN HETEROSTRUCTURES OF TWO-DIMENSIONAL MATERIALS ASSEMBLED WITH A CONTROLLED TWIST ANGLE BETWEEN LAYERS.
2024
$133K
FOR SUPPORT OF THE ELECTION DATA AND SCIENCE LAB
2024
$130K
EARLY DETECTION OF OVARIAN CANCER
2024
$125K
PROJECT SUPPORT - ENVIRONMENT
2024
$121K
EMPOWER WOMEN AND GIRLS
2024
$120K
SUPPORTS ADVANCED NETWORK ARCHITECTURE GROUP'S RESEARCH TO DEVELOP A BETTER UNDERSTANDING OF HOW INTERNET APPLICATIONS WITH DSNP CONTROL CAN BE VIABLE IN A MARKETPLACE DOMINATED BY LARGE ACTORS THAT HOLD CENTRALIZED CONTROL OVER THEIR SYSTEMS.
2024
$120K
OPEN LEARNING FUND
2024
$120K
BRINSON PRIZE FELLOWSHIP IN OBSERVATIONAL COSMOLOGY
2024
$120K
BRINSON PRIZE FELLOWSHIP IN OBSERVATIONAL COSMOLOGY
2024
$114K
General operating support
2024
$114K
1 grant(s) for varying purposes
2024
$100K
EDUCATION, SCHOLARSHIP AND STUDENT SUPPORT
2024
$100K
Bumpus Innovation Award
2024
$100K
ARTS INITIATIVES
2024
$100K
GRANT FOR PROJECT LAUNCH
2024
$100K
TO SUPPORT THE ORGANIZATION MISSION
2024
$100K
SCIENTIFIC RESEARCH
2024
$100K
Special Program
2024
$85K
RESEARCH STUDY
2024
$85K
PARTNER SUPPORT
2024
$77K
TO FUND RESEARCH FELLOWSHIPS IN BIOLOGICAL SCIENCES
2024
$75K
ROSENBERG AWARD
2024
$74K
FOR RECIPIENT'S EXEMPT PURPOSE
2024
$73K
UNRESTRICTED GENERAL SUPPORT
2024
$60K
ABS 2024 Scholarships for tuition and books.
2024
$60K
UNRESTRICTED GENERAL SUPPORT
2024
$58K
RESEARCH, LEARNING & INNOVATION OPPORTUNITIES
2024
$57K
SCHOLARSHIPS
2024
$55K
General Operating Support
2024
$55K
TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE
2024
$53K
TO ACHIEVE CHARITABLE PURPOSE
2024
$51K
GENERAL PURPOSES
2024
$50K
To support the 2024-2025 Bradley Graduate and Post-Graduate Fellowship Program
2024
$50K
To support the 2023-2024 Bradley Graduate and Post-Graduate Fellowship Program
2024
$50K
RESEARCH AND CAMPAIG
2024
$50K
TEACHER PERSPECTIVES ON THE ARRIVAL OF GENERATIVEAI
2024
$48K
TO FUND YOUTH SHOOTHING SPORTS
2024
$41K
PROGRAM SUPPORT
2024
$40K
General Support
2024
$40K
RESEARCH SCHOLARSHIPS
2024
$40K
PHYSICIAN SCIENTIST RESEARCH GROUP
2024
$40K
UNRESTRICTED GENERAL SUPPORT
2024
$39K
GENERAL SUPPORT
2024
$38K
UNRESTRICTED GENERAL
2024
$36K
GENERAL SUPPORT OF MISSION
2024
$34K
GENERAL PURPOSE
2024
$30K
BUILDING TRUST IN SCIENCE: CONFERENCE FOR A MORE INFORMED FUTURE
2024
$30K
OPERATIONAL GRANT
2024
$30K
FELLOWSHIP
2024
$30K
SCIENTIFIC RESEARCH
2024
$30K
TO ADVANCE KNOWLEDGE AND EDUCATE STUDENTS IN SCIENCE, TECHNOLOGY, AND OTHER AREAS OF SCHOLARSHIP THAT WILL BEST SERVE THE NATION AND THE WORLD IN THE 21ST CENTURY.
2024
$30K
PROGRAM SUPPORT
2024
$30K
PROGRAM SUPPORT
2024
$28K
SUPPORT WOMEN IN CHEMICAL SCIENCE RESEARCH
2024
$25K
GENERAL OPERATING
2024
$25K
SCHOLARSHIP
2024
$25K
TO SUPPORT BUILDING TRUST IN SCIENCE: A ONE-DAY CONFERENCE FOR A MORE INFORMED FUTURE, A COLLABORATION BETWEEN THE ASPEN INSTITUTE SCIENCE & SOCIETY PROGRAM AND THE MIT PRESS
2024
$25K
TO SUPPORT THE RESEARCH OF DR. FARNAZ NIROUI.
2024
$20K
Climate change mitigation research and field work
2024
$20K
SCHOLARSHIP
2024
$20K
Research Grant
2024
$20K
Support
2024
$20K
USSYP scholarship
2024
$19K
SUPPORT CHARITABLE PROGRAMS
2024
$18K
SCHOLARSHIP APPLICANTS WHO ARE RESIDENTS OF MAINE WISHING TO PURSUE THE STUDY OF ARCHITECTURE
2024
$18K
SCHOLARSHIP
2024
$17K
TO PROVIDE SCHOLARSHIPS FOR STUDENTS
2024
$17K
GENERAL SUPPORT
2024
$17K
SUPPORT ORGANIZING EFFORTS AT IMPACT@MIT
2024
$17K
TO SUPPORT A WORKSHOP ON ATOMICALLY-PRECISE FABRICATION OF VAN DER WAALS MATERIALS, TO BE HELD IN JULY 2024.
2024
$15K
Faculty Lounge Fund
2024
$15K
COUNCIL FOR THE ARTS
2024
$15K
GENERAL SUPPORT
2024
$15K
GENERAL OPERATING SUPPORT
2024
$14K
PROJECT SUPPORT GRANT TO ENABLE THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY COMMUNITY INNOVATORS LAB, PILIPINO WORKERS CENTER, AND COOPERATIVE HOME CARE ASSOCIATES IN CALIFORNIA AND NEW YORK.
2024
$14K
CARTER ROGERS/STUDENT ID# XXX-XX-XXXX
2024
$13K
SCHOLARSHIPS
2024
$11K
Education
2024
$10K
PHILANTHROPY/VOLUNTARISM
2024
$10K
to support the work of WeeLog, an MIT Solve portfolio partner
2024
$10K
COUNCIL FOR THE ARTS ENDOWMENT FUND
2024

Funded by

$1.9B from 781 funders · 2,626 grants · 2016–2024

Fidelity Investments Charitable Gift Fund

$410.7M · 8 grants · 2017–2023

The Lord Foundation of Massachusetts Inc

$297.3M · 3 grants · 2017–2020

Stephen A Schwarzman Foundation

$75.6M · 4 grants · 2020–2023

Gates Foundation

$62.2M · 75 grants · 2020–2024

Donor Advised Charitable Giving Inc

$52.7M · 8 grants · 2017–2023

MIT International Inc

$50.4M · 7 grants · 2017–2023

Phillip And Susan Ragon Foundation

$50M · 2 grants · 2018–2021

Gs Donor Advised Philanthropy Fund

$45.3M · 6 grants · 2018–2024

Details

EIN042103594
NTEE codeB430
Subsection03
Ruling date1926-10
Formed1861
Employees27889
Volunteers15761