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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 2007–2008 fiscal year, organizations and individuals gave or pledged a total of $436.1 million, the Institute's highest ever. Individuals were responsible for the biggest share of that total, at $300.4 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 and launched publicly in October 2008, focuses support on undergraduate scholarships, educational innovation, graduate support, and student life. The campaign seeks to raise $500 million in gifts and pledges over five years. The campaign's success will have a direct impact on MIT students, enhancing both their educational and living environments. For additional information, please visit http://thehumanfactor.mit.edu/.

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

  • 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 $78.5 million of this total.