EIN 04-2103594

Massachusetts Institute of Technology (MIT)

IRS 501(c) type
Num. employees
Year formed
Most recent tax filings
The mission of Massachusetts Institute of Technology (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.
Also known as...
Tau Beta Pi
Total revenues
Total expenses
Total assets
Num. employees

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 2019-2020, approximately 60% 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 and unsponsored research: mit is committed to providing a world-class education to our approximately 4,600 undergraduates and approximately 7,000 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.

Grants made by MIT

GranteeGrant descriptionAmount
MIT Technology ReviewContribution$4,512,964
MIT InternationalContribution$600,000
Whitehead Institute for Biomedical ResearchResearch Grant$500,000
...and 45 more grants made totalling $8,941,064

Who funds Massachusetts Institute of Technology (MIT)

Grants from foundations and other nonprofits
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$40,463,992
Goldman Sachs Philanthropy Fund (GSPF)Education$14,593,750
New Venture FundTechnology and Innovation$10,540,000
...and 408 more grants received totalling $210,739,779
Federal funding details
Federal agencyProgram nameAmount
Department of DefenseFA8702-15-D-0001$375,865,930
Department of DefenseFA8702-15-D-0001$188,974,702
Department of DefenseFA8702-15-D-0001$150,914,585
...and 997 more federal grants / contracts

Personnel at MIT

Melissa NoblesChancellor
W. Eric L. GrimsonChancellor for Academic Advancement$328,789
Whitney T. EspichChief Executive Officer, Mit Alumni Association
Katie HammerVice President for Finance
Alfred IronsideVice President for Communications
...and 18 more key personnel

Financials for MIT

RevenuesFYE 06/2020
Total grants, contributions, etc.$1,014,222,000
Program services$2,452,821,000
Investment income and dividends$37,179,000
Tax-exempt bond proceeds$0
Royalty revenue$58,565,000
Net rental income$42,810,000
Net gain from sale of non-inventory assets$1,198,598,000
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$4,804,195,000

Form 990s for MIT

Fiscal year endingDate received by IRSFormPDF link
2020-062021-05-26990View PDF
2019-062021-01-28990View PDF
2018-062019-06-19990View PDF
2017-062018-11-15990View PDF
2016-062017-09-27990View PDF
...and 7 more Form 990s

Organizations like MIT

Yale UniversityNew Haven, CT$5,595,177,145
University of RochesterRochester, NY$4,135,942,762
Columbia UniversityNew York, NY$5,943,395,882
Johns Hopkins University (JHU)Baltimore, MD$7,505,891,000
Medical College of Wisconsin (MCW)Milwaukee, WI$1,286,151,484
New York University (NYU)New York, NY$8,011,264,159
Baylor University (BU)Waco, TX$1,252,666,839
Georgetown UniversityWashington, DC$1,684,831,601
University of Pennsylvania (Penn)Philadelphia, PA$7,624,539,000
Princeton UniversityPrinceton, NJ$2,120,040,000
Data update history
August 3, 2022
Received grants
Identified 81 new grant, including a grant for $4,000,000 from Fidelity Non-Profit Management Foundation
December 16, 2021
Updated personnel
Identified 7 new personnel
October 3, 2021
Posted financials
Added Form 990 for fiscal year 2020
October 3, 2021
Received grants
Identified 247 new grant, including a grant for $10,540,000 from New Venture Fund
September 11, 2021
Used new vendors
Identified 4 new vendors, including , , , and
Nonprofit Types
SchoolsHigher ed institutionsHeadquarter / parent organizations
Science and technologyEducation
Political advocacyOperates donor advised fundsConducts researchLobbyingOperates internationallyState / local levelReceives government fundingEndowed supportCommunity engagement / volunteeringProvides scholarshipsGala fundraisersTax deductible donations
General information
77 Massachusetts Ave Ne49-3142
Cambridge, MA 02139
Metro area
Boston-Cambridge-Newton, MA-NH
Middlesex County, MA
Website URL
(617) 253-1000
Facebook page
Twitter profile
IRS details
Fiscal year end
Taxreturn type
Form 990
Year formed
Eligible to receive tax-deductible contributions (Pub 78)
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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