Skip to content ↓

MIT releases financials and endowment figures for 2018

Institute’s pooled investments returned 13.5 percent last year; endowment stands at $16.4 billion.
Press Inquiries

Press Contact:

Kimberly Allen
Phone: 617-253-2702
Fax: 617-258-8762
MIT News Office

Media Download

Download Image
Credits: Image: AboveSummit/Christopher Harting

*Terms of Use:

Images for download on the MIT News office website are made available to non-commercial entities, press and the general public under a Creative Commons Attribution Non-Commercial No Derivatives license. You may not alter the images provided, other than to crop them to size. A credit line must be used when reproducing images; if one is not provided below, credit the images to "MIT."

Close
Credits:
Image: AboveSummit/Christopher Harting

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 13.5 percent during the fiscal year ending June 30, 2018. At the end of the fiscal year, MIT’s endowment funds totaled $16.4 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 works closely with all families who qualify for financial aid to develop an individual affordability plan tailored to their financial circumstances. In 2017-18, the average MIT scholarship was $45,530. Fifty-eight percent of MIT undergraduates received need-based financial aid, and 30 percent of MIT undergraduate students received scholarship funding from MIT and other sources sufficient to cover the total cost of tuition.

MITIMCo is a unit of MIT, created to manage and oversee the investment of the Institute’s endowment, retirement, and operating funds. As of June 30, 2018 MITIMCo had approximately $25.3 billion of assets under management.

MIT’s Report of the Treasurer for fiscal year 2018 was made available publicly today.

Related Links

Related Topics

Related Articles

More MIT News

Photo of Annauk Olin with her husband and baby

Saving Iñupiaq

Linguistics graduate student Annauk Olin is helping her Alaska Native community preserve their language and navigate the severe impact of climate change.

Read full story