MIT International Inc
The corporation is organized and shall be operated exclusively for charitable, educational, and scientific purposes.
MIT International Inc at a glance
In short: MIT International Inc gave $16.4M across 1 grant in 2025 (avg $16.4M), mostly in Massachusetts. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $16,365,000
- +122.4% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $16,365,000
- +122.4% vs 2024
- Median grant
- $16,365,000
- Total assets
- $15,865,000
- -23.1% vs 2024
- Primary geography
- Massachusetts (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who MIT International Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Massachusetts Institute of Technology ($16.4M).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was $5M or more: 4 grants of 5 (80%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How MIT International Inc gives
- Giving grew 553% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $2.5M (2022) to $16.4M (2025). In 2025 it made 1 grant totaling $16.4M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Massachusetts Institute of Technology Cambridge, MA | Fundraising Transfers | $16,365,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $15,865,000 | $11,769,000 | $17,665,000 | $16,365,000 | 1 | $6,000 |
| 2024 | $20,636,000 | $12,850,000 | $8,736,000 | $7,359,000 | 1 | $11,000 |
| 2023 | $18,724,000 | $23,334,000 | $8,383,000 | $6,196,000 | 1 | $16,000 |
| 2022 | $34,517,000 | $2,729,000 | $3,863,000 | $2,505,000 | 1 | — |
| 2021 | $42,886,000 | $6,428,000 | $8,792,000 | $7,793,000 | 1 | — |
| 2020 | $126,226,000 | $17,443,000 | $5,652,000 | $4,427,000 | 1 | — |
| 2019 | $114,834,000 | $20,892,000 | $9,955,000 | $8,907,000 | 1 | — |
About MIT International Inc
Based on IRS filings
MIT International Inc is a public charity focused on Education, based in Cambridge, MA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $15.9M in total assets. In 2025, it awarded 1 grant totaling $16.4M. Net investment income was $6K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
MIT International Inc is led by Richard Lester, President on every filing since 2019; 1 of 11 officers listed in 2025 is compensated.
Officers on the 2025 filing
Richard Lester
President
On filings since 2019
2 hrs/week
No compensation reported
Duane Boning
President
New on the 2025 filing
2 hrs/week
No compensation reported
Marina Chan
Senior Director - Mit Hong Kong Innovation Node & Head of Education
Director of Education → Senior Director - Mit Hong Kong Innovation Node & Head of Education, 2021
On filings since 2019
40 hrs/week
$106K (2019) → $191K (2025)
Glen Shor
Director
Treasurer → Director & Treasurer, 2021
Director & Treasurer → Director, 2022
On filings since 2019
1 hr/week
No compensation reported
Maria Zuber
Director
On filings since 2019
1 hr/week
No compensation reported
Mark DiVincenzo
Director
Clerk & Director → Director, 2020
On filings since 2019
1 hr/week
No compensation reported
Cynthia Barnhart
Director
On filings since 2022
1 hr/week
No compensation reported
Ian Waitz
Director
New on the 2025 filing
1 hr/week
No compensation reported
Matthew Fucci
Clerk
On filings since 2019
1 hr/week
No compensation reported
Katherine Hammer
Treasurer
On filings since 2021
1 hr/week
No compensation reported
Magdalene Lee
Vice President
On filings since 2023
1 hr/week
No compensation reported
Former officers (9)
- Former: Charleston Sin (2020–2024) — Executive Director & Mit Hong Kong Innovation Node
- Former: Sunnie Lau (2021–2024) — Director of Smart City Research & Industry Collaboration - Mit Hong Kong Innovation Node
- Former: Nina VanWormer (2023–2024) — Associate Director & Global Investment Legal Services
- Former: Robert Lemp (2020–2023) — Vice President
- Former: Martin Schmidt (2019–2022) — Director
- Former: Anthony Sharon (2019–2021) — Former Vice President
- Former: Israel Ruiz (2019–2020) — Director
- Former: Brian Yin-Chung Yen (2019) — Executive Director
- Former: R Gregory Morgan (2019) — Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $191K, to Marina Chan (Senior Director - MIT Hong Kong Innovation Node, Head of Education).
Frequently asked questions about MIT International Inc
How much does MIT International Inc give each year?
MIT International Inc gave $16.4M across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $7.4M across 1 grant.
How large is MIT International Inc?
MIT International Inc reported $15.9M in total assets on its 2025 IRS Form 990. Its revenue that year was $11.8M.
What is MIT International Inc?
MIT International Inc is a public charity focused on Education, based in Cambridge, MA. It holds $15.9M in total assets as of 2025.
Where does MIT International Inc operate?
MIT International Inc has awarded grants in Massachusetts.
What is MIT International Inc's EIN?
MIT International Inc's EIN (Employer Identification Number) is 81-2731492. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS May 13, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS May 12, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 12, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 14, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 15, 2026)
- Added Form 990 for fiscal year 2019 (received by the IRS July 13, 2020)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work MIT International Inc funds
Education Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in MIT International Inc's focus areas in our free grants database
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