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Building MIT's Resources

Throughout MIT’s history, individuals, corporations, and foundations have provided much of the support that has made the Institute a leader in higher education. That tradition continues, with MIT today benefiting from generous giving by a widening circle of organizations and individuals.

During the 2006–2007 fiscal year, organizations and individuals gave or pledged a total of $343.1 million, the Institute's highest ever. Individuals were responsible for the biggest share of that total, at $181.1 million.* But no matter what the source, such contributions are vital to MIT, providing critically needed undesignated funds along with resources designated to a range of key priorities.

MIT's Campaign for Students, announced in December 2006, focuses support on undergraduate scholarships, the undergraduate commons, graduate support, and student life. The campaign seeks to raise $500 million in gifts and pledges over five years, and will launch publicly in October 2008. The campaign's success will have a direct impact on MIT students, enhancing both their educational and living environments.

Besides its student-focused campaign, MIT continues efforts to develop new resources for faculty, educational innovation, and other priorities. Playing a central role in these efforts is a large, energetic group of MIT volunteers, most of them Institute graduates. Specific efforts include support for:

  • Research and educational programs—MIT has identified selected areas as institutional priorities, including cancer research and education, as well as a new facility to house these activities, and energy research and education.
  • Buildings—aside from the new facility for cancer research and education, MIT's building program includes a new MIT Sloan School of Management complex.
  • Other needs—unrestricted giving, which can be designated by MIT to especially critical areas, is a high priority, and the Institute continues to seek support for endowed professorships.

For more on MIT's priorities, see the Giving to MIT website at http://giving.mit.edu/.

 

*Gifts from foundations and corporations enabled by individuals, mostly MIT alumni, represent $26.3 million of this total.