MIT and the Community
MIT is an integral part of its host city of Cambridge, a diverse and vibrant community noted for its intellectual life, history, and thriving innovation climate. With a campus nestled between the active Central and Kendall Squares, and across the Charles River from Boston’s Seaport District, the Institute is in an optimal position to engage in collaborative endeavors with its neighbors and contribute to the growing innovation community.
MIT and Cambridge. The city’s approximately 105,000 residents, including more than 36,000 college and university students, together build a vibrant community within its 6.26 square miles. Cambridge is pedestrian- and bicycle-friendly, with 80 parks and playgrounds, six subway stations, a commuter rail line, 29 bus routes, multiple shuttles, 33 bike sharing stations, and numerous dedicated bicycle lanes, enabling visitors and students to get around the city and the MIT campus without a car.
Service to the community. Since its founding, MIT has maintained a commitment to be a good neighbor and serve the local community. The Institute actively supports nonprofit organizations that address local challenges by providing educational programs, financial resources, representation on boards and committees, volunteer engagement, and the use of MIT facilities. In addition, members of the MIT community support the Institute’s Community Service Fund, which provides assistance for nonprofits where MIT volunteers are at work.
Students, faculty, and staff at MIT are involved in a broad range of volunteer activities in the community. The Institute's Public Service Center provides programming, guidance, information, and support to those interested in public service, and serves as a resource for both MIT and the community-at-large.
Economic impact and innovation catalyst. MIT has a far-reaching impact on the economy of the region. The Institute is Cambridge’s second largest employer and largest taxpayer, representing almost 13 percent of the city’s revenue stream. MIT pays taxes on its commercial property and provides an annual payment in lieu of taxes (PILOT) for property that is used for academic purposes while being legally tax exempt. In fiscal year 2014, the Institute made a voluntary PILOT contribution of $2.2 million to the City of Cambridge and paid over $41.8 million in real estate taxes.
MIT is also a magnet for investment and fuels the innovation economy with the research, start-ups, and talent pool that it generates. Kendall Square, at the eastern end of MIT’s campus, is the seat of a growing innovation cluster in which MIT plays a catalyzing role, and the area has attracted offices of numerous life science and technology-related companies.
For more information about MIT and the community, visit http://ogcr.mit.edu.