MIT releases endowment figures for 2014

Institute’s pooled investments returned 19.2 percent last year; endowment reaches $12.4 billion.


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Kimberly Allen
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Phone: 617-253-2702
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The Massachusetts Institute of Technology Investment Management Company (MITIMCo) announced today that MIT’s unitized pool of endowment and other MIT funds generated an investment return of 19.2 percent during the fiscal year ending June 30, 2014. At the end of the fiscal year, MIT’s endowment funds totaled $12.4 billion, excluding pledges.

MIT’s endowment is intended to support current and future generations of MIT scholars with the resources needed to advance knowledge, research, and innovation. As such, endowment funds are used for Institute activities including education, research, campus renewal, faculty work, and student financial aid.

The Institute’s need-blind undergraduate admissions policy ensures that an MIT education is accessible to all qualified candidates regardless of financial resources. MIT provides financial aid to meet the full cost of an MIT education, based on the calculated need of the family. In 2013-14, the average financial aid award for need-based-aid recipients from all sources was $42,007. Currently, 59 percent of MIT undergraduates receive need-based financial aid, and 32 percent of MIT students receive scholarship funding sufficient to cover the total cost of tuition.

MITIMCo is a division of the Massachusetts Institute of Technology, created to manage and oversee the investment of the Institute’s endowment, retirement, and operating funds.

MIT’s Report of the Treasurer for fiscal year 2014 was made available publicly today.


Topics: Endowment, MIT Administration, MITIMCo

Comments

MIT is an incredible institution that has srudents' best interest at heart! This place knows and sees the value of an education! Thanks MIT and all of the benefactors!!!!

Last year, the endowment stood at $11 billion.
This year, it stands at $12.4 billion.
Therefore, the return on investments may have been 19.2%, but the overall growth in the endowment was only 12.7%.

where does the money come from? is it from donors, govt, or mit startups?

@nabs:

Below is MIT’s income as reported on page 42 of “The Treasurer’s Report 2014”

Principal Sources of Revenues (in thousands of US dollars):

Tuition and similar revenues . . . . . . . . . . . . $ 595,801

Research revenues:
Campus direct . . . . . . . . . . . . . . . . . . . . 480,483
Campus indirect. . . . . . . . . . . . . . . . . . . 188,136
Lincoln Laboratory direct. . . . . . . . . . . . 791,292
Lincoln Laboratory indirect . . . . . . . . . . 37,367
SMART direct . . . . . . . . . . . . . . . . . . . . 31,519
SMART indirect. . . . . . . . . . . . . . . . . . . 98

Gifts, bequests, and pledges. . . . . . . . . . . . . 452,655

Net gain (loss) on investments and
other assets . . . . . . . . . . . . . . . . . . . . . . . . 2,152,933

Investment income and distributions. . . . . . 634,454

Data retrieved from:
http://vpf.mit.edu/site/conten...

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