Massachusetts Institute of Technology

The Massachusetts Institute of Technology is a private research university in Cambridge, Massachusetts, often cited as one of the world’s most prestigious universities.

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At-A-Glance

Type: Non-profit, 501(c)(3)
Location: Cambridge, MA View on map
Tax ID: 04-2103594
Most Recent Filing: 2025
Budget (2025): Assets: $45,313,517,000 Revenue: $6,737,799,000 Expenses: $5,505,788,000

The Massachusetts Institute of Technology is a private research university in Cambridge, Massachusetts, often cited as one of the world’s most prestigious universities.

Financial Statistics

Total Assets

Total Revenue

Total Expenses

YearTotal AssetsTotal RevenueTotal ExpensesFiling
2025 $45,313,517,000 $6,737,799,000 $5,505,788,000 View
2024 $39,938,014,000 $5,855,286,000 $5,194,162,000 View
2023 $38,587,698,000 $4,954,533,000 $4,901,572,000 View
2022 $39,839,201,000 $6,378,650,000 $4,540,620,000 View
2021 $42,473,040,000 $5,726,158,000 $4,281,626,000 View
2020 $30,065,085,000 $4,804,195,000 $4,165,517,000 View

Prior year filings: 2015, 2014, 2012, 2011

Revenue Detail

Expenses Detail

Employee Compensation

  • Number of Employees: 28041

Highest Earning Employees

EmployeeTitleTotal Compensation
Seth AlexanderPresident of MITIMCo$4,462,390
Thomas WieandGlobal Investment Professional, MITIMCo$2,973,895
Navneeth HarikumarGlobal Investment Professional, MITIMCo$2,929,985
Ryan AkkinaGlobal Investment Professional, MITIMCo$2,919,331
Joel CohenGlobal Investment Professional, MITIMCo$2,610,835
Sally KornbluthPresident$2,151,788
L Rafael ReifProfessor (Former President)$1,849,830
Cynthia BarnhartProvost$1,103,532
Glen ShorExecutive VP and Treasurer$1,027,167
Mark DiVincenzoVP and General Counsel$977,844
Melissa NoblesChancellor$772,733
Julie LucasVP for Resource Development$754,021
Ian WaitzVP for Research$733,546
Alfred IronsideVP for Communications$581,900
Melissa ChoiDirector of Lincoln Laboratory$579,346
Whitney EspichCEO, MIT Alumni Association$431,297
Rachel J DonahueSecretary$345,359
Mark P GorenbergChair of the Corporation$55,800

Grant Activity

All-time grants received statistics from Candid dataset:

  • Total Grant Value: $3,482,460,872
  • Number of Grants: 13,477
  • Number of Funders: 1,722

Selection of highest value grants received from the last seven years:

AmountYearFunderSubject
$55,860,1842021 Fidelity Investments Charitable Gift FundFor grant recipient's exempt purposes
$40,463,9922020 Fidelity Investments Charitable Gift FundFor grant recipient's exempt purposes
$30,000,0002021 Phillip and Susan Ragon FoundationTO CARRY ON CHARITABLE ORGANIZATION'S ACTIVITIES
$27,999,1452023 Fidelity Investments Charitable Gift FundFor grant recipient's exempt purposes
$25,819,4442020 Stephen A. Schwarzman FoundationTO SUPPORT the creation of a transformative new College focused on a program of promoting the application of artificial intelligence and computing in an ethical and accountable manner, and the construction of a signature, state-of-the-art building to house the new CollegE
$25,759,4752021 Stephen A. Schwarzman FoundationSUPPORT A BUILDING FOCUSED PROMOTING THE APPLICATION OF ARTIFICIAL INTELLIGENCE
$25,621,7172022 Stephen A. Schwarzman FoundationTO SUPPORT A BUILDING FOCUSED ON PROMOTING THE APPLICATION OF ARTIFICIAL INTELLIGENCE
$25,585,1532024 Stephen A. Schwarzman FoundationSUPPORT A BUILDING FOCUSED ON PROMOTING THE APPLICATION OF ARTIFICIAL INTELLIGENCE
$24,078,9112023 Stephen A. Schwarzman FoundationSUPPORT A BUILDING FOCUSED ON PROMOTING THE APPLICATION OF ARTIFICIAL INTELLIGENCE
$20,142,2122022 The Morningside FoundationGENERAL USE – EDUCATION
$14,058,8262021 National Philanthropic TrustEDUCATION
$13,277,3482022 Coefficient GivingTo the Massachusetts Institute of Technology (MIT) to support research led by Neil Thompson on modeling the trends and impacts of AI and computing. Thompson will use this funding to hire new staff and expand his lab work
$12,150,0002021 Freedom Together FoundationThe goal of the Picower Institute Innovation Fund (PIIF VII) is to empower Picower faculty members to pursue bold and high-risk research ideas that can lead to breakthrough discoveries or new directions of investigation.
$10,445,6262022 Donor Advised Charitable Giving, Inc.EDUCATION
$9,887,5032022 New Venture FundINTERNATIONAL DEVELOPMENT AND FOREIGN AFFAIRS
$9,593,5112023 National Philanthropic TrustEDUCATION
$9,200,0002021 The Lemelson FoundationTo develop the next generation of inventors, with a focus on diversity, equity, and inclusion, Lemelson-MIT will advance Invention Education as a field of study through scholarly research that informs policies and practices and expand support for inventors and invention education educators within local communities through new policies, programs, collaborative efforts, and celebratory events
$9,145,0002024 Mathworks Foundation IncExempt Purpose
$8,726,0002020 Morgan Stanley Global Impact Funding Trust IncUNRESTRICTED GENERAL SUPPORT
$8,547,7682023 Donor Advised Charitable Giving, Inc.EDUCATION
$8,213,3962024 National Philanthropic TrustEDUCATION
$8,060,7282020 President and Fellows of Harvard CollegeResearch sub-award
$7,711,0002021 Morgan Stanley Global Impact Funding Trust IncUNRESTRICTED GENERAL SUPPORT
$7,581,0472024 Donor Advised Charitable Giving, Inc.EDUCATION
$7,500,0002021 The William & Flora Hewlett FoundationFOR SUPPORT OF A NEW UNIVERSITY CENTER ON ECONOMY AND SOCIETY

All-time grants given statistics from Candid dataset:

  • Total Grant Value: $62,901,132
  • Number of Grants: 473
  • Number of Recipients: 204

Selection of highest value grants given from the last seven years:

AmountYearFunderSubject
$5,569,4472024 Technology Review IncContribution
$4,806,3152021 Technology Review IncContribution
$4,512,9642020 Technology Review IncContribution
$4,211,7342023 Technology Review IncContribution
$3,713,1692022 Technology Review IncContribution
$2,288,2852023 Beta Nu House CorporationIRDF Grant
$1,113,1802021 Beta Nu House CorporationIRDF Grant
$973,0002023 MIT International IncContribution
$950,5722024 Beta Nu House CorporationIRDF Grant
$789,0002022 Parityorg Inc (fka Operation 50-50 Inc)Contribution
$749,2582022 MIT International IncContribution
$655,7162024 Phi Sigma Kappa Grand Chapter of OmicronIRDF Grant
$600,0002021 Parityorg Inc (fka Operation 50-50 Inc)Contribution
$600,0002020 MIT International IncContribution
$588,2752021 ImpactAssetsContribution
$516,0002024 ImpactAssetsContribution
$500,0002020 Whitehead Institute for Biomedical ResearchResearch Grant
$386,1082022 ImpactAssetsContribution
$385,0002023 ImpactAssetsContribution
$306,0002024 Jewish Community Day School IncDistribution from Donor-Advised Fund/Charitable Contribution
$300,0002021 University of Southern CaliforniaGrant
$275,0002020 Elliot M Marcus Charitable Remainder UnitrustContribution
$263,5502021 University of Rhode IslandGrant
$250,0002024 STEM From DanceSolve Grant
$250,0002020 Boston Area Rape Crisis Center, Inc.Contribution

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Financials, employee compensation, and grant information provided by Candid.