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Bylaws of the MIT Corporation

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Section 17

Development Committee

17.1
The Development Committee shall consist of the Chair, the President, and the Executive Vice President and Treasurer of the Corporation (ex officio members) and such term members as may be elected pursuant to Section 17.2. The Chair of the Corporation shall be the chair of the committee.

17.2
Term members shall be nominated by the Membership Committee from members of the Corporation, alumni, or friends of MIT; shall serve for three years; and may be reelected. When deemed appropriate, the Membership Committee shall propose to the Corporation candidates for honorary membership on the Development Committee. The members of the Corporation shall give careful consideration to the nominations proposed by the Membership Committee but shall not be obliged to follow the nominations.

17.3
Subject to the provisions of Paragraph 14.2.5, the Development Committee shall have the broad responsibility for sources of funds donated to MIT for the purposes of the Corporation. It shall establish policies and plans for the procurement of endowment and operational funds. It shall cooperate with and encourage the Alumni Association in its fund-raising.

17.4
The Development Committee, with the concurrence of the Executive Committee, shall propose to the Corporation such campaigns or drives for raising large amounts of money for the Corporation as it deems appropriate.

17.5
A quorum for any meeting of the Committee shall consist of one ex officio member and the lesser of five other members or a majority of other members. The Committee, which meets annually, shall keep a record of its proceedings and may appoint an executive officer for that purpose.

 

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The Bylaws of the MIT Corporation were most recently amended on October 3, 2008. They are available in an easy-print version (PDF). To view this file, you will need the Acrobat reader.

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