Overview Money In Money Out People Connected Orgs Audits Positions Interview Endorsements
About 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.
In care of Basil a Stewart
Donations are tax-deductible
Financial Snapshot FY ending 2023-06-30 Financial history 16 17 18 19 20 21 22 23
Latest FY2023: $5.0B · Peak FY2022: $6.4B · Avg: $4.9B
Foreign activity (Schedule F) Total spent abroad $3.1B
Foreign employees 290
Foreign offices 2
Foreign partnership interest Yes
Foreign trust interest Yes
Region Activity Spent Central America and the Caribbean — — East Asia and the Pacific — — Europe (Including Iceland and Greenland) — — Middle East and North Africa — — North America (Canada & Mexico only) — — South America — — South Asia — — Sub-Saharan Africa — — Central America and the Caribbean — — East Asia and the Pacific — — Europe (Including Iceland and Greenland) — — Middle East and North Africa — — North America (Canada & Mexico only) — — Russia and Neighboring States — — South America — — South Asia — — Sub-Saharan Africa — — East Asia and the Pacific — — Europe (Including Iceland and Greenland) — — Middle East and North Africa — — North America (Canada & Mexico only) — — South America — — South Asia — — Sub-Saharan Africa — — Central America and the Caribbean — —
501(h) election This 501(c)(3) has NOT elected 501(h) — lobbying is permitted but limited under the vaguer "no substantial part of activities" test.
Political & Grant Activity
MASSACHUSETTS INSTITUTE OF TECHNOLOGY
Address 77 Massachusetts AVE NE49-4097
Cambridge, MA, 02139-430
Governance Voting board members 13
Independent members 10
Conflict-of-interest policy Yes
Whistleblower policy Yes
Doc-retention policy Yes
Audit committee Yes
990 reviewed by board Yes
Compensation practices Severance payments No
Equity-based comp No
Supplemental retirement plan Yes
Compensation committee Yes
Used comp survey Yes
Board approved comp Yes
Initial contract exception No
Financial detail (Schedule D) Board-designated % 28.8%
Permanent endowment % 17.7%
Endowment held by related org No
Fundraising activity (Schedule G) Uses professional fundraisers Yes
Gross fundraising receipts $60K
Net to org -$316K
Retained by contractors $376K
Channels Mail · Phone · Email · In-person · Grant solicitation
Public records
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