Program areas at MIT
Sponsored research: mit's cambridge, ma campus provides a fertile setting for research that has spawned a host of scientific breakthroughs and technological advances. Primarily sponsored by federal grants and contracts, research at mit aims to develop innovative solutions to the world's most daunting challenges. From addressing the energy needs of tomorrow to improving cancer therapies and more, mit's research efforts are enhanced through creative collaborations in interdisciplinary labs and with leading research institutes and consortia around the world.
Scholarships and fellowships: 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 2021-2022, approximately 58% of all undergraduates received some type of need-based financial aid from mit. Financial aid for graduate students includes fellowships, traineeships, teaching and research assistantships, and loans.
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. The focus of instruction is not only scientific and technical, but includes a strong humanities component and emphasizes creative problem solving. Mit's six schools and colleges (science; engineering; humanities, arts & social sciences; architecture & planning; management; and computing) create the foundation of a rigorous mit education, which is heightened by service to communities around the world. 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, medical department, Technology licensing office), auxiliary enterprises (for example, housing, dining), and other miscellaneous program service revenue.
Who funds Massachusetts Institute of Technology (MIT)
Grants from foundations and other nonprofits
Federal funding details
Federal agency | CFDA code | Program name | Amount |
---|
Department of Defense | 12.RD | FA8702-15-D-0001 | $356,318,741 |
Department of Defense | 12.RD | FA8702-15-D-0001 | $258,307,063 |
Department of Defense | 12.RD | FA8702-15-D-0001 | $138,182,797 |
...and 997 more federal grants / contracts |
Personnel at MIT
Name | Title | Compensation | Date of data |
---|
Melissa Nobles | Chancellor | $477,516 | 2022-06-30 |
Katherine Hammer | Vice President for Finance | | 2023-04-01 |
Alfred Ironside | Vice President for Communications | $408,600 | 2022-06-30 |
Mark Silis | Vice President for Information Systems and Technology | | 2021-12-16 |
Julie Lucas | Vice President for Resource Development | $597,204 | 2022-06-30 |
...and 16 more key personnel |
Financials for MIT
Revenues | FYE 06/2022 | FYE 06/2021 | % Change |
---|
Total grants, contributions, etc. | $1,252,909,000 | $1,003,569,000 | 24.8% |
Program services | $2,585,121,000 | $2,410,934,000 | 7.2% |
Investment income and dividends | $113,429,000 | $102,272,000 | 10.9% |
Tax-exempt bond proceeds | $25,000 | $0 | 999% |
Royalty revenue | $61,939,000 | $54,223,000 | 14.2% |
Net rental income | $61,128,000 | $156,101,000 | -60.8% |
Net gain from sale of non-inventory assets | $2,304,099,000 | $1,999,059,000 | 15.3% |
Net income from fundraising events | $0 | $0 | - |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $0 | $0 | - |
Total revenues | $6,378,650,000 | $5,726,158,000 | 11.4% |
Organizations like MIT
Organization | Type | Location | Revenue |
---|
University of Rochester | 501(c)(3) | Rochester, NY | $4,935,271,271 |
Columbia University | 501(c)(3) | New York, NY | $7,109,530,946 |
Yale University | 501(c)(3) | New Haven, CT | $7,410,414,729 |
The Trustees of Princeton University | 501(c)(3) | Princeton, NJ | $5,021,934,000 |
University of Pittsburgh | 501(c)(3) | Pittsburgh, PA | $3,230,553,057 |
Johns Hopkins University (JHU) | 501(c)(3) | Baltimore, MD | $8,434,336,000 |
Washington University in St. Louis (Wash. U) | 501(c)(3) | Saint Louis, MO | $5,567,524,594 |
Dartmouth College | 501(c)(3) | Hanover, NH | $1,952,191,796 |
Harvard University | 501(c)(3) | Cambridge, MA | $9,623,728,188 |
Northwestern University | 501(c)(3) | Evanston, IL | $3,678,521,388 |
Data update history
July 21, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 13, 2023
Used new vendors
Identified 25 new vendors, including , , , , , , , , , , , , , , , , , , , , , , , , and
May 20, 2023
Updated personnel
Identified 8 new personnel
Nonprofit Types
SchoolsHigher ed institutionsHeadquarter / parent organizations
Issues
Education
Characteristics
Political advocacyOperates donor advised fundsLobbyingOperates internationallyState / local levelReceives government fundingEndowed supportCommunity engagement / volunteeringProvides scholarshipsGala fundraisersTax deductible donations
General information
- Address
- 77 Massachusetts Ave Ne49-3142
- Cambridge, MA 02139
- Metro area
- Boston-Cambridge-Newton, MA-NH
- County
- Middlesex County, MA
- Website URL
- web.mit.edu/Â
- Phone
- (617) 253-1000
- Facebook page
- MITnewsÂ
- Twitter profile
- @mitÂ
IRS details
- EIN
- 04-2103594
- Fiscal year end
- June
- Taxreturn type
- Form 990
- Year formed
- 1861
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- B43: University or Technological Institute
- NAICS code, primary
- 611310: Colleges, Universities, and Professional Schools
- Parent/child status
- Central organization
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