Massachusetts Institute of Technology (MIT) is a private, non-profit educational institution located at 77 Massachusetts Avenue, Cambridge, MA 02139. Incorporated in Massachusetts on April 10, 1861, MIT is classified as a university and technological institute. The organization operates as a 501(c)(3) tax-exempt entity and maintains significant scale as a leading research and educational institution.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$39.9B
+3.5% YoY
Annual Giving
$12.7M
+3.3% YoY
Grant Count
105
+8.2% YoY
Avg Grant Size
$121K
-4.5% YoY
Mission & Focus Areas
MIT's mission 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.
The institution focuses on university education and research across multiple disciplines, with particular emphasis on science, technology, and scholarly advancement.
Grantmaking
MIT operates as both a grantseeker and grantmaker. The organization maintains a donor-advised fund through which donors can direct the distribution or investment of funds.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2024 Fiscal Year):
- Total Assets: $39.9 billion
- Annual Revenue: $5.9 billion
- Operating Budget: $4.5 billion
- Total Income: $10.6 billion
- Net Assets: $33.5 billion
- Investments: $28.2 billion
Employment:
- Approximately 25,671 employees
Federal Funding Received (2025): MIT receives substantial federal research funding across multiple agencies:
- Department of Health and Human Services: $13.4 billion (4,649 awards)
- Department of Energy: $10.5 billion (1,713 awards)
- Department of Defense: $7.9 billion (2,951 awards)
- National Science Foundation: $5.8 billion (2,804 awards)
- National Aeronautics and Space Administration: $1.5 billion (1,886 awards)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $39,938,014,000 | $38,587,698,000 | $39,839,201,000 |
| Revenue | $5,855,286,000 | $4,954,533,000 | $6,378,650,000 |
| Expenses | $5,194,162,000 | $4,901,572,000 | $4,540,620,000 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $1,477,378,000 | $1,011,206,000 | $2,417,553,000 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Open Grants
3 open opportunities from Massachusetts Institute of Technology
MIT Solve: 10th Anniversary Global Challenge Grant
Massachusetts Institute of Technology
Amount
Approximately US $100,000
Deadline
Rolling / Open
MIT Solve: Amazon Sustainability Pilot Program Grant
Massachusetts Institute of Technology
Amount
Varies
Deadline
Rolling / Open
MIT Solve: FII Innovators Pitch Grant
Massachusetts Institute of Technology
Amount
Varies
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Glen Shor | Executive VP and Treasurer | 60 | $883,134 |
| Sally Kornbluth | President | 60 | $1,538,692 |
| Alan G Spoon | Executive Committee Member | 5 | — |
| David M Siegel | Executive Committee Member | 5 | — |
| Fariborz Maseeh | Executive Committee Member | 5 | — |
| Leslye Miller Fraser | Executive Committee Member | 5 | — |
| Mark P Gorenberg | Chair of the Corporation | 40 | $8,400 |
| Noubar B Afeyan | Executive Committee Member | 5 | — |
| Orit Gadiesh | Executive Committee Member | 5 | — |
| Paul R Marcus | Executive Committee Member | 5 | — |
| Russell Erich Caulfield | Executive Committee Member | 5 | — |
| Wesley G Bush | Executive Committee Member | 5 | — |
| Rachel J Donahue | Secretary (Incoming) | 60 | $202,284 |
| Suzanne L Glassburn | VP and Secretary (Outgoing) | 60 | $791,701 |
| Alfred Ironside | VP for Communications | 60 | $463,278 |
| Cynthia Barnhart | Provost | 60 | $987,284 |
| Eric Evans | Director of Lincoln Laboratory | 60 | $795,904 |
| Ian Waitz | VP for Research (Incoming) | 60 | $567,939 |
| Julie Lucas | VP for Resource Development | 60 | $671,889 |
| Maria Zuber | VP for Research (Outgoing) | 60 | $584,345 |
| Mark DiVincenzo | VP and General Counsel | 60 | $803,544 |
| Melissa Nobles | Chancellor | 60 | $648,547 |
| Seth Alexander | President of MITIMCo | 60 | $3,134,866 |
| Whitney Espich | CEO, MIT Alumni Association | 60 | $333,374 |
| L Rafael Reif | Professor (Former President) | 60 | $2,267,033 |
| Navneeth Harikumar | Global Investment Professional, MITIMCo | 60 | $1,777,127 |
| Ryan Akkina | Global Investment Professional, MITIMCo | 60 | $1,820,913 |
| Steven Marsh | Senior VP, MITIMCo | 60 | $3,131,566 |
| Thomas Wieand | Global Investment Professional, MITIMCo | 60 | $1,836,248 |
| Diane B Greene | Former Chair of the Corporation | 40 | $25,000 |
| W Eric Grimson | Chancellor for Academic Advancement (Former Interim VP for Open Learning) | 40 | $556,739 |
Recent News & Activity
Recent developments and announcements
DOE selected MIT to establish a Center for the Exascale Simulation of Coupled High-Enthalpy Fluid–Solid Interactions through MIT Schwarzman College of Computing
DOE selects MIT to establish a Center for the Exascale Simulation of Coupled\MIT Energy Initiative launched six new research projects through its Future Energy Systems Center
MITEI\u2019s Future Energy Systems Center starts six new research projects\MIT Human Insight Collaborative distributed funding across 25 projects
MIT Human Insight Collaborative Announces Funding Awards for 25 ProjectsMIT Solve continued its commitment to funding technology-based solutions for global challenges
MIT Solve Awards Over $1.5 Million in Funding to Tech-Based ...Subject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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