By the Numbers
Finance at MIT is about ensuring the Institute has the resources to succeed in pursuing its mission, now and into the future. Below are some noteworthy facts and figures relating to MIT's finances.
$24.6 billion Value of MIT's endowment in fiscal year 2022
A permanent resource built by MIT’s donors, the endowment provides vital and sustained support for MIT by generating an annual income stream for today while sustaining the Institute for the long term. MIT depends on annual income from endowment investments to fund almost every aspect of its operations, from scholarships, fellowships, professorships, and student life to the activities of its schools, departments, labs, and centers.
82% of MIT's endowment is restricted
Endowment returns must be used with the purposes for which the fund was established, and donors typically restrict their use to specific purposes, such as professorships, scholarships, fellowships, and research.
In 100 years the MIT mission will be as important as it is today
MIT applies the concept of “intergenerational neutrality” when determining the endowment distribution to help fund our operations during the next fiscal year. MIT seeks a spending policy that will offer the same support to today’s scholars as future generations. We conserve some, knowing we need larger dollar returns in the future to maintain the endowment’s purchasing power.
28% of MIT undergraduates have their tuition fully covered by financial aid
Over the past several decades, Institute financial aid has grown steadily. MIT need-based financial aid fully covers tuition for almost 30% of our undergraduates – and subsidizes the tuition of close to 60%. MIT is one of only six universities committed to need-blind admissions.
49% of MIT operating revenues are from current use philanthropy, the endowment, and other investments
To provide a historical perspective on the composition of campus operating revenues, in 1981 support from these sources accounted for only 18% of our campus revenues. We sometimes refers to these categories as “intergenerational support,” given the role of our alumni’s generosity in providing this funding.
$4 billion The amount the 2030 facilities capital plan has committed to facilities capital projects since 2012
$1.1 billion is actively in construction today, including the College of Computing, a new music building, and a new graduate residence on the West Campus. Approximately $500 million is supporting projects that are being planned and designed, including renovations of the Met Warehouse as a new home for the School of Architecture and Planning, renovations to the Stratton Student Center, and renovations to the East Campus Undergraduate Residences Buildings