During fiscal year 2022, nearly 33,000 individuals and organizations gave or pledged $725 million, the second-highest fundraising total in MIT’s history, to support the talented people of MIT and their quest to invent, discover, and make a better world.
These contributions provide critically needed unrestricted funds and vital resources designated to a range of priorities. Unrestricted funds—which can be directed where they are most needed—have helped MIT accelerate its commitment to action on climate change and have enabled the Institute to realize opportunities such as the redevelopment of Kendall Square.
MIT continues to cultivate the support of its alumni and friends for ongoing core needs—such as undergraduate scholarships, graduate fellowships, professorships, campus construction, athletics, and the arts—and seeks opportunities to focus fundraising efforts on what drives the Institute’s giving community: the creation of new knowledge and solutions for the world’s most difficult problems.
Undergraduate financial aid, 2021–2022
- 37% of students attended tuition-free
- 58% of students were awarded a need-based MIT scholarship
- 85% of Class of 2022 graduated with no student loan debt