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.
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 | $375,865,930 |
| Department of Defense | 12.RD | FA8702-15-D-0001 | $188,974,702 |
| Department of Defense | 12.RD | FA8702-15-D-0001 | $150,914,585 |
| ...and 997 more federal grants / contracts |
Personnel at MIT
| Name | Title | Compensation | Date of data |
|---|
| Melissa Nobles | Chancellor | | 2021-12-16 |
| W. Eric L. Grimson | Chancellor for Academic Advancement | $328,789 | 2021-12-16 |
| Whitney T. Espich | Chief Executive Officer, Mit Alumni Association | | 2021-12-16 |
| Katie Hammer | Vice President for Finance | | 2021-12-16 |
| Alfred Ironside | Vice President for Communications | | 2021-12-16 |
| ...and 18 more key personnel |
Financials for MIT
| Revenues | FYE 06/2020 | FYE 06/2019 | % Change |
|---|
| Total grants, contributions, etc. | $1,014,222,000 | $1,038,607,000 | -2.3% |
| Program services | $2,452,821,000 | $2,475,023,000 | -0.9% |
| Investment income and dividends | $37,179,000 | $75,179,000 | -50.5% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $58,565,000 | $51,873,000 | 12.9% |
| Net rental income | $42,810,000 | $206,705,000 | -79.3% |
| Net gain from sale of non-inventory assets | $1,198,598,000 | $1,461,222,000 | -18% |
| 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 | $4,804,195,000 | $5,308,609,000 | -9.5% |
Organizations like MIT
| Organization | Type | Location | Revenue |
|---|
| Yale University | 501(c)(3) | New Haven, CT | $5,595,177,145 |
| University of Rochester | 501(c)(3) | Rochester, NY | $4,135,942,762 |
| Columbia University | 501(c)(3) | New York, NY | $5,943,395,882 |
| Johns Hopkins University (JHU) | 501(c)(3) | Baltimore, MD | $7,505,891,000 |
| Medical College of Wisconsin (MCW) | 501(c)(3) | Milwaukee, WI | $1,286,151,484 |
| New York University (NYU) | 501(c)(3) | New York, NY | $8,011,264,159 |
| Baylor University (BU) | 501(c)(3) | Waco, TX | $1,252,666,839 |
| Georgetown University | 501(c)(3) | Washington, DC | $1,684,831,601 |
| University of Pennsylvania (Penn) | 501(c)(3) | Philadelphia, PA | $7,624,539,000 |
| Princeton University | 501(c)(3) | Princeton, NJ | $2,120,040,000 |
Data update history
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
Issues
Science and technologyEducation
Characteristics
Political advocacyOperates donor advised fundsConducts researchLobbyingOperates 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
Free account sign-up
Want updates when MIT has new information, or want to find more organizations like Massachusetts Institute of Technology (MIT)?
Create free Cause IQ account