2016-05-13T14:02:52-05:00 2015-06-30 990 2014-07-01 042103594 Massachusetts Institute of Technology MASS 6173248142 77 MASSACHUSETTS AVENUE NE49-3142 Cambridge MA 021394307 ISRAEL RUIZ EXECUTIVE VP & TREASURER 2016-05-11 2014 2016-08-17 19:52:53Z L RAFAEL REIF 77 MASSACHUSETTS AVENUE NE49-3142 Cambridge MA 021394307 26659611000 false X http://web.mit.edu X 1861 MA THE MISSION OF MIT IS TO ADVANCE KNOWLEDGE AND EDUCATE STUDENTS IN SCIENCE, TECHNOLOGY, AND OTHER AREAS OF SCHOLARSHIP THAT WILL BEST SERVE THE NATION AND THE WORLD IN THE 21ST CENTURY. 13 10 24070 14897 69842000 0 956016000 985424000 1817391000 2005751000 969651000 908466000 327607000 142583000 4070665000 4042224000 500114000 521926000 0 0 1352138000 1437076000 0 889000 47339000 1299487000 1402128000 3151739000 3362019000 918926000 680205000 20337912000 21882075000 4256964000 4319454000 16080948000 17562621000 THE MISSION OF MIT IS TO ADVANCE KNOWLEDGE AND EDUCATE STUDENTS IN SCIENCE, TECHNOLOGY, AND OTHER AREAS OF SCHOLARSHIP THAT WILL BEST SERVE THE NATION AND THE WORLD IN THE 21ST CENTURY. false false 1354524000 83081000 1327151000 SPONSORED RESEARCH: MIT'S CAMBRIDGE, MA CAMPUS PROVIDES A FERTILE SETTING FOR RESEARCH THAT HAS SPAWNED A HOST OF SCIENTIFIC BREAKTHROUGHS AND TECHNOLOGICAL ADVANCES. PRIMARILY SPONSORED BY FEDERAL GRANTS AND CONTRACTS, RESEARCH AT MIT AIMS TO DEVELOP INNOVATIVE SOLUTIONS TO THE WORLD'S MOST DAUNTING CHALLENGES. FROM ADDRESSING THE ENERGY NEEDS OF TOMORROW TO IMPROVING CANCER THERAPIES AND MORE, MIT'S RESEARCH EFFORTS ARE ENHANCED THROUGH CREATIVE COLLABORATIONS IN INTERDISCIPLINARY LABS AND WITH LEADING RESEARCH INSTITUTES AND CONSORTIA AROUND THE WORLD. SEE SCHEDULE O. 811495000 152926000 641307000 INSTRUCTION AND UNSPONSORED RESEARCH: MIT IS COMMITTED TO PROVIDING A WORLD-CLASS EDUCATION TO OUR APPROXIMATELY 4,500 UNDERGRADUATES AND APPROXIMATELY 6,800 GRADUATE STUDENTS. THE FOCUS OF INSTRUCTION IS NOT ONLY SCIENTIFIC AND TECHNICAL, BUT INCLUDES A STRONG HUMANITIES COMPONENT AND EMPHASIZES CREATIVE PROBLEM SOLVING. MIT'S FIVE SCHOOLS (SCIENCE; ENGINEERING; HUMANITIES, ARTS & SOCIAL SCIENCES; ARCHITECTURE & URBAN PLANNING; AND MANAGEMENT) CREATE THE FOUNDATION OF A RIGOROUS MIT EDUCATION, WHICH IS HEIGHTENED BY SERVICE TO COMMUNITIES AROUND THE WORLD. 280282000 280282000 0 SCHOLARSHIPS AND FELLOWSHIPS (TUITION DISCOUNT): MIT'S UNDERGRADUATE FINANCIAL AID PROGRAM ENSURES THAT AN MIT EDUCATION IS ACCESSIBLE TO ALL QUALIFIED CANDIDATES REGARDLESS OF THEIR FINANCIAL RESOURCES. MIT REMAINS DEDICATED TO PROVIDING FINANCIAL AID TO MEET THE FULL COST OF AN MIT EDUCATION, BASED ON THE NEEDS OF THE FAMILY. IN 2014-2015, APPROXIMATELY 56% OF ALL UNDERGRADUATES RECEIVED SOME TYPE OF NEED-BASED FINANCIAL AID FROM MIT. FINANCIAL AID FOR GRADUATE STUDENTS INCLUDES FELLOWSHIPS, TRAINEESHIPS, TEACHING AND RESEARCH ASSISTANTSHIPS, AND LOANS. 120964000 5637000 230140000 THIS ITEM CONSISTS OF OTHER EXPENDITURES (INCLUDING GRANTS) INCURRED, AND REVENUES GENERATED IN CONNECTION WITH MIT'S OTHER PROGRAM SERVICES RELATED TO VARIOUS ACTIVITIES IN FURTHERANCE OF AND IN SUPPORT OF MIT'S EXEMPT MISSION WHICH INCLUDED BUT WERE NOT LIMITED TO SUCH THINGS AS FEES AND SERVICES (FOR EXAMPLE, MEDICAL DEPARTMENT, TECHNOLOGY LICENSING OFFICE), AUXILIARY ENTERPRISES (FOR EXAMPLE, HOUSING, DINING), AND OTHER MISCELLANEOUS PROGRAM SERVICE REVENUE. 120964000 5637000 230140000 2567265000 true true false true false false false true false true true true false false true true false true true true true true true true false false false true true true true false false false false false true true false true false true true false false true true true true true false true 24142 0 true 24070 true true true true AR AS BA BR CJ CI CH CO EZ DA GR GK HU IN IS JA MY MO MU PE RP QA RO SN TW TH TU AE UK VE KS VI false false false true true true 2 false false false X 13 10 true false false false false true false true true false true false true true true true true true true true true true MA OK X GLEN SHOR 6173248142 77 MASSACHUSETTS AVENUE NE49-4000 Cambridge MA 02139 Robert B Millard Chairman of the Corporation (Incoming) 30.00 1.00 X X 70746 0 6027 John S Reed Chairman of the Corporation (Outgoing) 30.00 1.00 X X 230722 0 2941 L Rafael Reif President 60.00 2.00 X X 849906 0 117981 Israel Ruiz Executive VP and Treasurer 60.00 2.00 X X 557150 0 49613 Denis A Bovin Executive Committee Member 5.00 1.00 X 0 0 0 James A Champy Executive Committee Member 5.00 0 X 0 0 0 Lawrence K Fish Executive Committee Member 5.00 0 X 0 0 0 A Neil Pappalardo Executive Committee Member 5.00 0 X 0 0 0 Diana Chapman Walsh Executive Committee Member 5.00 0 X 0 0 0 Barrie R Zesiger Executive Committee Member 5.00 0 X 0 0 0 Arthur J Samberg Executive Committee Member 5.00 0 X 0 0 0 Henricus A Termeer Executive Committee Member 5.00 0 X 0 0 0 John A Thain Executive Committee Member 5.00 1.00 X 0 0 0 Susan E Whitehead Executive Committee Member 5.00 0 X 0 0 0 R Gregory Morgan Senior VP and Secretary of the Corporation 60.00 0 X 600360 0 73680 Seth Alexander President of MITIMCo 60.00 2.00 X 1555973 0 51209 Kirk Kolenbrander Vice President 60.00 0 X 364901 0 64072 Mark DiVincenzo VP and General Counsel (Incoming) 60.00 0 X 275633 0 61627 Claude Canizares Vice President 60.00 0 X 349405 0 53630 Eric Evans Director of Lincoln Laboratory 60.00 0 X 458448 0 60403 Maria Zuber VP for Research 60.00 2.00 X 362826 0 66113 Martin Schmidt Provost 60.00 1.00 X 502765 0 107418 Cynthia Barnhart Chancellor 60.00 1.00 X 329956 0 64459 Steven Marsh Managing Director - MITIMCo 60.00 0 X 1199016 0 67013 Charles Fine Professor - Sloan School of Management 60.00 0 X 793877 0 112529 Daron Acemoglu Professor - Economics 60.00 0 X 785598 0 55782 Susan Hockfield President Emerita and Professor 60.00 0 X 975961 0 119618 Roberto Fernandez Professor - Sloan School of Management 60.00 0 X 776420 0 66758 Phillip Clay (Former Chancellor) Professor 40.00 0 X 326267 0 33527 W Eric Grimson (Former Chancellor) Chancellor for Academic Advancement 40.00 0 X 343740 0 72213 Chris Kaiser (Former Provost) Professor 40.00 1.00 X 592069 0 59981 Jeffrey Newton Former VP for Resource Development 40.00 0 X 457030 0 8521 12758769 0 1375115 3558 true true true John Moriarty & Associates 3 CHURCH STREET SUITE 2 WINCHESTER MA 01890 CONSTRUCTION 45002453 CONSIGLI CONSTRUCTION CO INC 266 SUMMER STREET BOSTON MA 02210 CONSTRUCTION 38075331 BOND BROTHERS INC 145 SPRING STREET EVERETT MA 02149 CONSTRUCTION 32994257 SUFFOLK CONSTRUCTION COMPANY INC 65 ALLERTON STREET BOSTON MA 02119 CONSTRUCTION 23768850 BARR & BARR INC 260 COCHITUATE RD FRAMINGHAM MA 01701 CONSTRUCTION 15979647 613 390793000 594631000 40266000 985424000 Sponsored Research Contracts 900099 1134304000 1134304000 Fees and Services 900099 117213000 114369000 2844000 Other Programs 900099 20167000 20167000 Tuition 900099 621140000 621140000 Auxiliary Enterprises 721000 112927000 112913000 14000 0 0 0 0 2005751000 71430000 66984000 4446000 43596000 43596000 143646000 44659000 98987000 0 98987000 98987000 23409764000 22572728000 837036000 0 837036000 837036000 0 0 0 0 0 4042224000 2002893000 69842000 984065000 3138000 3138000 516289000 516289000 2499000 2499000 0 0 7552000 1453000 6099000 250000 250000 1123802000 869086000 226706000 28010000 77023000 60254000 15906000 863000 151070000 114889000 31001000 5180000 77379000 60532000 15980000 867000 45109000 26025000 19084000 28697000 979000 27718000 1084000 30000 1054000 889000 889000 11498000 11498000 36581000 9496000 27085000 0 10229000 8849000 1380000 29967000 18608000 10462000 897000 41686000 12919000 28286000 481000 14532000 7222000 7310000 37034000 32120000 4859000 55000 81385000 69085000 8837000 3463000 0 0 0 0 45767000 38093000 6241000 1433000 118932000 101811000 17050000 71000 1880000 1880000 146083000 132541000 13193000 349000 56999000 45545000 11454000 Lab Supplies 43568000 42945000 623000 Subrecipient Agreements 136862000 136862000 Facilities Charges 92491000 54693000 34925000 2873000 Equipment Rental and Maintenance 94896000 77911000 16851000 134000 326848000 121261000 203813000 1774000 3362019000 2567265000 747415000 47339000 281363000 301931000 2691413000 2028407000 555662000 624535000 195031000 171262000 500000 500000 0 48169000 45678000 6506000 6797000 114812000 148640000 4179197000 1362144000 2619788000 2817053000 1420680000 1622389000 12403988000 14114883000 0 0 0 0 0 20337912000 21882075000 504032000 564448000 0 0 59955000 76002000 1382589000 863471000 0 0 0 1536312000 2058760000 0 0 774076000 756773000 4256964000 4319454000 X 6520412000 7127306000 6718225000 7553447000 2842311000 2881868000 0 0 0 0 0 0 16080948000 17562621000 20337912000 21882075000 X 680205000 846704000 -45236000 X false true X true true true X 970793000 894547000 817616000 956016000 985424000 4624396000 970793000 894547000 817616000 956016000 985424000 4624396000 135108100 4489287900 275608000 269941000 231493000 257919000 191688000 1226649000 0 0 0 0 0 0 5851045000 9983398000 0.7673 0.7470 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 154415 false true 154415 false Schedule C, Part II-B, Line 1 Description of the Activities Reported on Lines 1A through 1I LINES 1B & 1G FROM TIME TO TIME, MIT ENGAGES IN LOBBYING ACTIVITY USING MIT'S OWN PERSONNEL. MIT'S EFFORTS REGARDING LEGISLATIVE AND RELATED ACTIVITIES IN FY 2015 FOCUSED ON THE AREAS OF LEGISLATION, POLICY AND FUNDING SUPPORT FOR SCIENCE, TECHNOLOGY, EDUCATION, LAND USE AND TAXATION. STAFF ACTIVITIES INCLUDED THE GATHERING AND DISSEMINATION OF INFORMATION TO THE MIT CAMPUS CONCERNING GOVERNMENT ACTIVITIES AND ACTIONS, AS WELL AS MEETINGS AND DISCUSSIONS WITH FEDERAL AND STATE OFFICIALS, ON THE ABOVE ISSUES. LINE 1I MIT PAYS DUES AND IS A MEMBER OF SEVERAL ASSOCIATIONS THAT PROVIDE INFORMATION TO THE HIGHER EDUCATION COMMUNITY AS WELL AS ADVOCATE FOR ISSUES THAT ARE IMPORTANT TO THE SECTOR. A PORTION OF THE DUES PAID TO THESE ORGANIZATIONS MAY BE USED TO LOBBY BY THE ASSOCIATIONS. 0 0 X X X false 12589776000 166646000 1495654000 111034000 434827000 18276000 13687939000 11005930000 192422000 1921163000 104323000 411108000 14308000 12589776000 10308273000 136980000 1075065000 98947000 400353000 15088000 11005930000 9853574000 180985000 754548000 93944000 374661000 12229000 10308273000 8463458000 313644000 1431852000 88414000 254932000 12034000 9853574000 0.2954 0.2012 0.5034 true true true 74298000 74298000 3719456000 1295103000 2424353000 64525000 64525000 320918000 67041000 253877000 2817053000 MINORITY INTERESTS 232415000 F FIXED INCOME 280910000 F EQUITIES 8589318000 F ABSOLUTE RETURN 1734169000 F REAL ESTATE & REAL ASSETS 3164177000 F SPLIT INTEREST AGREEMENTS 146405000 F OTHER 3456000 F INTEREST RATE SWAPS -35967000 F 14114883000 Deferred Revenue and Other Credits 15705000 Noncontrolling Interests 232415000 Advance Payments 419859000 Government Advances 35561000 Accrued Benefits 53233000 756773000 X Schedule D, Part III PART III, LINE 1A AS NOTED IN MIT'S AUDITED FINANCIAL STATEMENTS, MIT RECORDS ITEMS OF COLLECTIONS AS A GIFT AT NOMINAL VALUE. THEY ARE RECEIVED FOR EDUCATIONAL PURPOSES AND GENERALLY DISPLAYED THROUGHOUT MIT. IN GENERAL, COLLECTIONS ARE NOT DISPOSED OF FOR FINANCIAL GAIN OR OTHERWISE ENCUMBERED IN ANY MANNER. Schedule D, Part III, Line 4 Collections of art - description of collections MIT RECORDS ITEMS OF COLLECTIONS OF ART AS A GIFT AT NOMINAL VALUE. THEY ARE RECEIVED FOR EDUCATIONAL PURPOSES AND GENERALLY DISPLAYED THROUGHOUT MIT. IN GENERAL, COLLECTIONS ARE NOT DISPOSED OF FOR FINANCIAL GAIN OR OTHERWISE ENCUMBERED IN ANY MANNER. Schedule D, Part V, Line 4 Intended uses of endowment funds MIT'S ENDOWMENT IS INTENDED TO PROVIDE FINANCIAL SUPPORT TO FURTHER MIT'S MISSION OF EDUCATION AND RESEARCH. SPECIFICALLY, MIT'S ENDOWMENT PROVIDES ONGOING SUPPORT FOR GRADUATE AND UNDERGRADUATE STUDENT SCHOLARSHIPS, FELLOWSHIPS AND STUDENT LOANS, PROFESSORSHIPS, THE MAINTENANCE OF MIT'S FACILITIES, AND ACADEMIC DEPARTMENT SUPPORT. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote US GAAP requires MIT to evaluate tax positions taken by the Institute and recognize a tax liability (or asset) if the Institute has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. MIT has analyzed the tax positions taken and has concluded that as of June 30, 2015, there are no significant uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY MIT'S PROSPECTIVE STUDENTS CAN FIND THE INSTITUTE'S RACIALLY NONDISCRIMINATORY POLICY AT ANY TIME DURING THE ADMISSION PROCESS AND THROUGHOUT THE ENTIRE ACADEMIC YEAR AT HTTP://MITADMISSIONS.ORG/PAGES/POLICIES. MIT'S RACIALLY NONDISCRIMINATORY POLICY FOR THE GENERAL COMMUNITY CAN BE FOUND IN MIT'S POLICIES & PROCEDURES 7.1.1. OR CAN BE FOUND ON THE INSTITUTE'S WEBSITE AT HTTP://WEB.MIT.EDU/POLICIES/. THE INSTITUTE CUSTOMARILY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS NATIONWIDE AND WORLDWIDE AND MAKES ITS RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS KNOWN TO ALL SEGMENTS OF THE GENERAL COMMUNITY IT SERVES BY INCLUDING A STATEMENT OF ITS RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS IN ALL ITS BROCHURES AND CATALOGUES DEALING WITH STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS. THE INSTITUTE ENROLLS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT MIT RECEIVES PELL, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY AND PERKINS LOANS. true East Asia and the Pacific Program Services Subrecipient Agreements 8329069 Europe (Including Iceland and Greenland) Program Services Subrecipient Agreements 4663093 Middle East and North Africa Program Services Subrecipient Agreements 120529 North America (Canada & Mexico only) Program Services Subrecipient Agreements 217966 South America Program Services Subrecipient Agreements 405754 South Asia Program Services Subrecipient Agreements 1182012 Sub-Saharan Africa Program Services Subrecipient Agreements 824822 Central America and the Caribbean Grantmaking 48784 East Asia and the Pacific Grantmaking 505136 Europe (Including Iceland and Greenland) Grantmaking 609799 Middle East and North Africa Grantmaking 269917 North America (Canada & Mexico only) Grantmaking 137921 Russia and Neighboring States Grantmaking 77055 South America Grantmaking 327106 South Asia Grantmaking 332947 Sub-Saharan Africa Grantmaking 190269 East Asia and the Pacific Fundraising 1005164 Europe (Including Iceland and Greenland) Fundraising 893864 Middle East and North Africa Fundraising 94255 North America (Canada & Mexico only) Fundraising 73075 Russia and Neighboring States Fundraising 78575 South America 1 Fundraising 244108 South Asia Fundraising 41666 Central America and the Caribbean 1 Program Services Education/Research 79161 East Asia and the Pacific 1 60 Program Services Education/Research 14634886 Europe (Including Iceland and Greenland) 1 44 Program Services Education/Research 13219788 Middle East and North Africa 2 Program Services Education/Research 3992500 North America (Canada & Mexico only) 2 Program Services Education/Research 1596854 Russia and Neighboring States 8 Program Services Education/Research 3058530 South America 1 8 Program Services Education/Research 1776572 South Asia 3 Program Services Education/Research 1510624 Sub-Saharan Africa 3 Program Services Education/Research 415789 Antarctica Program Services Education/Research 28403 Central America and the Caribbean Investments 1380012063 East Asia and the Pacific Investments 403018222 Europe (Including Iceland and Greenland) Investments 276288139 North America (Canada & Mexico only) Investments 7519603 South America Investments 23453742 South Asia Investments 15155351 Sub-Saharan Africa Investments 172805819 0 0 3 132 3 132 18242179 2320996753 2339238932 Public Service Center Grants Central America and the Caribbean 3 9900 Check Public Service Center Grants East Asia and the Pacific 4 14300 Check Public Service Center Grants South America 2 3400 Check Public Service Center Grants South Asia 7 24113 Check Public Service Center Grants Sub-Saharan Africa 26 94012 Check Public Service Center Grants Middle East and North Africa 1 745 Check MISTI Stipend East Asia and the Pacific 112 444830 Check MISTI Stipend Europe (Including Iceland and Greenland) 298 454516 Check MISTI Stipend Middle East and North Africa 75 243102 Check MISTI Stipend North America (Canada & Mexico only) 40 61785 Check MISTI Stipend Russia and Neighboring States 28 72169 Check MISTI Stipend South America 64 292270 Check MISTI Stipend South Asia 73 209420 Check MISTI Stipend Sub-Saharan Africa 18 63571 Check Honoraria East Asia and the Pacific 15 6609 Check Honoraria Middle East and North Africa 7 9400 Check Honoraria North America (Canada & Mexico only) 9 8464 Check Honoraria South America 6 9000 Check Honoraria South Asia 2 1600 Check Honoraria Sub-Saharan Africa 2 714 Check Honoraria Europe (Including Iceland and Greenland) 85 86070 Check Honoraria Russia and Neighboring States 1 2857 Check Prizes & Awards East Asia and the Pacific 66 46809 Check Prizes & Awards Middle East and North Africa 12 12448 Check Prizes & Awards North America (Canada & Mexico only) 34 47164 Check Prizes & Awards South America 6 4404 Check Prizes & Awards South Asia 32 61117 Check Prizes & Awards Sub-Saharan Africa 7 3750 Check Prizes & Awards Europe (Including Iceland and Greenland) 52 71280 Check Prizes & Awards Central America and the Caribbean 3 1300 Check Prizes & Awards Russia and Neighboring States 3 2029 Check Fellowships East Asia and the Pacific 12 27588 Check Fellowships Middle East and North Africa 6 4222 Check Fellowships North America (Canada & Mexico only) 8 20508 Check Fellowships South America 7 18033 Check Fellowships South Asia 9 12997 Check Fellowships Sub-Saharan Africa 48 28222 Check Fellowships Europe (Including Iceland and Greenland) 25 21633 Check Fellowships Central America and the Caribbean 5 2584 Check true true true true true true Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds MIT PROVIDES SEVERAL TYPES OF GRANTS AND ASSISTANCE TO FOREIGN INDIVIDUALS. FOR PRIZES AND AWARDS, THE INDIVIDUAL MUST HAVE MET THE SPECIFIC CRITERIA FOR THE PARTICULAR PRIZE OR AWARD TO BE SELECTED. IN THE CASE OF FELLOWSHIPS, THE INDIVIDUAL IS REQUIRED TO UTILIZE THE FUNDS IN FURTHERANCE OF THEIR EDUCATION AT MIT. GRANTS ARE MADE IN THE CONTEXT OF ACADEMIC OR RESEARCH PROGRAMS: RECIPIENTS SPEND THEIR GRANT FUNDS UNDER THE SUPERVISION OF THE PROGRAM AND ARE ACCOUNTABLE THROUGH THE PROGRAM FOR THE USE OF THE FUNDS. Schedule F, Part I, Line 3(a) LINE 3A A SUBRECIPIENT AGREEMENT IS A RESEARCH SUBCONTRACT WHERE MIT ENGAGES A THIRD PARTY TO PERFORM EXPERIMENTAL, DEVELOPMENTAL, OR RESEARCH WORK GENERALLY IN CONNECTION WITH A SPONSORED RESEARCH AGREEMENT. Schedule F, Part I, Line 2 PROCEDURES FOR MONITORING USE OF GRANT FUNDS MIT PROVIDES SEVERAL TYPES OF GRANTS AND ASSISTANCE TO FOREIGN INDIVIDUALS. FOR PRIZES AND AWARDS, THE INDIVIDUAL MUST HAVE MET THE SPECIFIC CRITERIA FOR THE PARTICULAR PRIZE OR AWARD TO BE SELECTED. IN THE CASE OF FELLOWSHIPS, THE INDIVIDUAL IS REQUIRED TO UTILIZE THE FUNDS IN FURTHERANCE OF THEIR EDUCATION AT MIT. GRANTS ARE MADE IN THE CONTEXT OF ACADEMIC OR RESEARCH PROGRAMS: RECIPIENTS SPEND THEIR GRANT FUNDS UNDER THE SUPERVISION OF THE PROGRAM AND ARE ACCOUNTABLE THROUGH THE PROGRAM FOR THE USE OF THE FUNDS. X X X X X X true The Brand Union Co Inc 3 Columbus Circle New York NY 10019 FUNDRAISING CONSULTING false 0 386779 -386779 Blue State Digital 406 7th Street NW 3rd Floor Washington DC 20004 FUNDRAISING CONSULTING false 0 313683 -313683 Propeller Group 2535 Townsgate Road Suite 100 Westlake Village CA 91361 FUNDRAISING VIDEO false 0 172428 -172428 Cynthia Greenleaf 4375 Congress Street Fairfield CT 06824 FUNDRAISING CONSULTING false 0 16200 -16200 0 889090 -889090 MA Schedule G, Part I, Line 2b FUNDRAISING EVENTS NO FUNDRAISING EVENTS WERE CONDUCTED IN RELATION TO THE AMOUNTS PAID TO THE PROFESSIONAL FUNDRAISERS. ADDITIONALLY, MIT DID NOT CONDUCT FUNDRAISING EVENTS PER IRS DEFINITIONS. true HOUSE ASSOC OF THETA OMICRON OF ALPHA CHI OMEGA INC 478 COMMONWEALTH AVE Boston MA 02115 043244129 501(c)(7) 23948 IRDF Grant THE FRIENDS OF THE THE LAMBDA PHI CHAPTER OF ALPHA DELTA PHI FRATERNITY 351 MASS AVE Cambridge MA 02139 042607157 501(c)(7) 16907 IRDF Grant MUTAW CORPORATION 155-165 BAY STATE ROAD Boston MA 02215 046145647 501(c)(7) 20609 IRDF Grant ZETA PHI CHAPTER HOUSE CORP OF ALPHA PHI INTERNATIONAL FRATERNITY INC 479 COMMONWEALTH AVE Boston MA 02215 222768441 501(c)(7) 31583 IRDF Grant BETA UPSILON ASSOCIATION 119 120 BAY STATE ROAD Boston MA 02215 501(c)(7) 19310 IRDF Grant THE BETA FOUNDATION 32 HEREFORD ST Boston MA 02215 042116079 501(c)(7) 28398 IRDF Grant ASTADKE INC 403 MEMORIAL DRIVE Cambridge MA 02139 046066546 501(c)(7) 13307 IRDF Grant BETA NU HOUSE CORPORATION 416 BEACON STREET Boston MA 02215 237046612 501(c)(7) 21804 IRDF Grant TECHNOLOGY CHAPTER OF DELTA UPSILON 526 BEACON STREET Boston MA 02215 046138571 501(c)(7) 10926 IRDF Grant EPSILON THETA CORPORATION 259 SAINT PAUL STREET Brookline MA 02446 046170956 501(c)(7) 24462 IRDF Grant LAMBDA ZETA ASSOCIATES INC 99 BAY STATE ROAD Boston MA 02215 043238433 501(c)(7) 15309 IRDF Grant MIT STUDENT HOUSE INC 111 BAY STATE ROAD Boston MA 02215 501(c)(7) 8589 IRDF Grant ALUMNI ASSOC OF NU DELTA CHAPTER OF PHI MU DELTA FRATERNITY 460 BEACON STREET Boston MA 02115 043071196 501(c)(7) 11156 IRDF Grant PHI BETA EPSILON CORPORATION 400 MEMORIAL DRIVE Cambridge MA 02139 046014162 501(c)(7) 2442000 IRDF Grant INCORPORATE ALUMNI OF PSI DELTA 97 BAY STATE ROAD Boston MA 02215 056016312 501(c)(7) 12490 IRDF Grant ALUMNI ASSOC OF ALPHA MU CHAPTER OF PHI KAPPA SIGMA FRATERNITY INC 530 BEACON STREET Boston MA 02115 043146095 501(c)(7) 73174 IRDF Grant MASS ETA OF PHI KAPPA THETA FRATERNITY ALUMNI CORPORATION 229 COMMONWEALTH AVENUE Boston MA 02116 046063508 501(c)(7) 6486 IRDF Grant 450 BEACON STREET INC 450 BEACON STREET Boston MA 02115 042721968 501(c)(7) 28325 IRDF Grant ALUMNI ASSOC OF OMICRON CHAPTER 487 COMMONWEALTH AVENUE Boston MA 02215 046197951 501(c)(7) 32847 IRDF Grant HOUSECORP INC 69 CHESTNUT STREET Cambridge MA 02139 237091484 501(c)(7) 11654 IRDF Grant ALPHA THETA CHAPTER OF SIGMA CHI FRATERNITY INC 532 BEACON STREET Boston MA 02215 042761368 501(c)(7) 19872 IRDF Grant THETA LAMBDA CHAPTER HOUSE CORPORATION OF SIGMA KAPPA SORORITY 480 COMMONWEALTH AVE Boston MA 02215 043374823 501(c)(7) 6695 IRDF Grant SNHC INC 28 THE FENWAY Boston MA 02215 680514586 501(c)(7) 22437 IRDF Grant ALUMNI ASSOC OF XI CHAPTER OF TAU EPSILON PHI INC 253 COMMONWEALTH AVE Boston MA 02116 161686778 501(c)(7) 127039 IRDF Grant BETA CHAPTER OF THETA CHI FRATERNITY 528 BEACON ST Boston MA 02215 042112594 501(c)(7) 14443 IRDF Grant THETA XI HOUSING CORP OF MIT INC 64 BAY STATE ROAD Boston MA 02215 042129483 501(c)(7) 8443 IRDF Grant MIT WOMENS INDEPENDENT LIVING GROUP 355 MASS AVE Cambridge MA 02474 042642553 501(c)(7) 5950 IRDF Grant DOVER CLUB OF MIT INC 58 MANCHESTER ROAD Brookline MA 02446 043158370 501(c)(7) 18907 IRDF Grant Massachusetts Afterschool Partnership Inc 128A Tremont Street Boston MA 02108 205116880 501(c)(3) 38500 Prize/Award YMCA of Greater Boston Inc 316 Huntington Avenue Boston MA 02115 042103551 501(c)(3) 7255 Contribution The President and Fellows of Harvard College 124 Mount Auburn Street Cambridge MA 02138 042103580 501(c)(3) 15000 Contribution 0 28 TUITION SUPPORT 7428 354509000 FMV Applied to student's tuition obligation HONORARIA 800 714337 PRIZES AND AWARDS 1103 1684196 PUBLIC SERVICE CENTER GRANTS 30 102576 MIT STUDENT FELLOWSHIPS & STIPENDS 1921 38759000 NON-MIT STUDENT FELLOWSHIPS & STIPENDS 482 15259295 STUDENT WAGES 8286 105261000 Schedule I, Part I, Line 2 Description Of Procedure For Monitoring Use Of Grant Funds MIT PROVIDES SEVERAL TYPES OF GRANTS AND ASSISTANCE TO INDIVIDUALS AND ORGANIZATIONS. FOR PRIZES AND AWARDS, THE INDIVIDUAL OR ORGANIZATION MUST HAVE MET THE SPECIFIC CRITERIA TO BE SELECTED FOR THE PRIZE OR AWARD. IN THE CASE OF FELLOWSHIPS AND SCHOLARSHIPS, THE INDIVIDUAL IS REQUIRED TO UTILIZE THE FUNDS IN FURTHERANCE OF THEIR EDUCATION AT MIT. MIT MAKES GRANTS TO SEVERAL LOCAL CHAPTERS OF NATIONAL FRATERNITIES, SORORITIES AND INDEPENDENT LIVING GROUPS. THESE ORGANIZATIONS ARE COMPRISED OF MIT STUDENTS, AND HOUSE THESE STUDENTS. GRANTS ARE MADE TO SUPPORT THE OPERATIONAL COSTS OF THE EDUCATIONAL PURPOSES OF THE HOUSES (SO THAT THE HOUSES STAY CONSISTENT WITH MIT'S MISSION). IN ORDER FOR AN ORGANIZATION TO RECEIVE AN INDEPENDENT RESIDENCE DEVELOPMENT FUND (IRDF) GRANT, THEY MUST GO THROUGH A RIGOROUS APPLICATION PROCESS. MIT GENERALLY DOES NOT MAKE DISBURSEMENTS TO INDIVIDUALS OR ORGANIZATIONS FOR CHARITABLE PURPOSES, EXCEPT THROUGH THE MIT COMMUNITY SERVICE FUND. THIS FUND'S RESOURCES COME PRIMARILY FROM CONTRIBUTIONS FROM MEMBERS OF THE MIT COMMUNITY. MIT DISBURSES THESE FUNDS FOR CHARITABLE PURPOSES INCLUDING SMALL GRANTS, INSUBSTANTIAL IN THE AGGREGATE, TO LOCALLY BASED CHARITABLE ORGANIZATIONS FOR THE PURPOSE OF FOSTERING BETTER COMMUNITY RELATIONS. PROCEDURES OF THE INSTITUTE WITH RESPECT TO ADMISSIONS, SCHOLARSHIPS, FELLOWSHIPS, AND STUDENT LOANS ARE PUBLICIZED IN THE INSTITUTE BULLETIN WHICH CONSTITUTES ITS CATALOGUE. GRANTS ARE MADE IN THE CONTEXT OF ACADEMIC OR RESEARCH PROGRAMS: RECIPIENTS SPEND THEIR GRANT FUNDS UNDER THE SUPERVISION OF THE PROGRAM AND ARE ACCOUNTABLE THROUGH THE PROGRAM FOR THE USE OF THE FUNDS. Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. MIT PROVIDES SEVERAL TYPES OF GRANTS AND ASSISTANCE TO INDIVIDUALS AND ORGANIZATIONS. FOR PRIZES AND AWARDS, THE INDIVIDUAL OR ORGANIZATION MUST HAVE MET THE SPECIFIC CRITERIA TO BE SELECTED FOR THE PRIZE OR AWARD. IN THE CASE OF FELLOWSHIPS AND SCHOLARSHIPS, THE INDIVIDUAL IS REQUIRED TO UTILIZE THE FUNDS IN FURTHERANCE OF THEIR EDUCATION AT MIT. MIT MAKES GRANTS TO SEVERAL LOCAL CHAPTERS OF NATIONAL FRATERNITIES, SORORITIES AND INDEPENDENT LIVING GROUPS. THESE ORGANIZATIONS ARE COMPRISED OF MIT STUDENTS, AND HOUSE THESE STUDENTS. GRANTS ARE MADE TO SUPPORT THE OPERATIONAL COSTS OF THE EDUCATIONAL PURPOSES OF THE HOUSES (SO THAT THE HOUSES STAY CONSISTENT WITH MIT'S MISSION). IN ORDER FOR AN ORGANIZATION TO RECEIVE AN INDEPENDENT RESIDENCE DEVELOPMENT FUND (IRDF) GRANT, THEY MUST GO THROUGH A RIGOROUS APPLICATION PROCESS. MIT GENERALLY DOES NOT MAKE DISBURSEMENTS TO INDIVIDUALS OR ORGANIZATIONS FOR CHARITABLE PURPOSES, EXCEPT THROUGH THE MIT COMMUNITY SERVICE FUND. THIS FUND'S RESOURCES COME PRIMARILY FROM CONTRIBUTIONS FROM MEMBERS OF THE MIT COMMUNITY. MIT DISBURSES THESE FUNDS FOR CHARITABLE PURPOSES INCLUDING SMALL GRANTS, INSUBSTANTIAL IN THE AGGREGATE, TO LOCALLY BASED CHARITABLE ORGANIZATIONS FOR THE PURPOSE OF FOSTERING BETTER COMMUNITY RELATIONS. PROCEDURES OF THE INSTITUTE WITH RESPECT TO ADMISSIONS, SCHOLARSHIPS, FELLOWSHIPS, AND STUDENT LOANS ARE PUBLICIZED IN THE INSTITUTE BULLETIN WHICH CONSTITUTES ITS CATALOGUE. GRANTS ARE MADE IN THE CONTEXT OF ACADEMIC OR RESEARCH PROGRAMS: RECIPIENTS SPEND THEIR GRANT FUNDS UNDER THE SUPERVISION OF THE PROGRAM AND ARE ACCOUNTABLE THROUGH THE PROGRAM FOR THE USE OF THE FUNDS. X X X X X X true true X X X X X false true false false false false false true false John S Reed Chairman of the Corporation (Outgoing) 228603 0 0 0 2119 0 0 0 2941 0 233663 0 0 0 L Rafael Reif President 796966 0 0 0 52940 0 13000 0 104981 0 967887 0 0 0 Israel Ruiz Executive VP and Treasurer 531638 0 0 0 25512 0 23400 0 26213 0 606763 0 0 0 R Gregory Morgan Senior VP and Secretary of the Corporation 570790 0 0 0 29570 0 44200 0 29480 0 674040 0 0 0 Phillip Clay (Former Chancellor) Professor 309080 0 0 0 17187 0 13000 0 20527 0 359794 0 0 0 W Eric Grimson (Former Chancellor) Chancellor for Academic Advancement 335798 0 0 0 7942 0 44200 0 28013 0 415953 0 0 0 Chris Kaiser (Former Provost) Professor 510563 0 0 0 81506 0 39000 0 20981 0 652050 0 0 0 Jeffrey Newton Former VP for Resource Development 33913 0 0 0 423117 0 6466 0 2055 0 465551 0 0 0 Seth Alexander President of MITIMCo 589721 0 933296 0 32956 0 23400 0 27809 0 1607182 0 0 0 Kirk Kolenbrander Vice President 353981 0 0 0 10920 0 33800 0 30272 0 428973 0 0 0 Mark DiVincenzo VP and General Counsel (Incoming) 273798 0 0 0 1835 0 33800 0 27827 0 337260 0 0 0 Claude Canizares Vice President 337498 0 0 0 11907 0 13000 0 40630 0 403035 0 0 0 Eric Evans Director of Lincoln Laboratory 440928 0 0 0 17520 0 33800 0 26603 0 518851 0 0 0 Maria Zuber VP for Research 353401 0 0 0 9425 0 39000 0 27113 0 428939 0 0 0 Martin Schmidt Provost 497070 0 0 0 5695 0 33800 0 73618 0 610183 0 0 0 Cynthia Barnhart Chancellor 328099 0 0 0 1857 0 39000 0 25459 0 394415 0 0 0 Steven Marsh Managing Director - MITIMCo 489518 0 688398 0 21100 0 39000 0 28013 0 1266029 0 0 0 Charles Fine Professor - Sloan School of Management 273772 0 0 0 520105 0 39000 0 73529 0 906406 0 0 0 Daron Acemoglu Professor - Economics 750085 0 0 0 35513 0 28600 0 27182 0 841380 0 0 0 Susan Hockfield President Emerita and Professor 518424 0 0 0 457537 0 49400 0 70218 0 1095579 0 0 0 Roberto Fernandez Professor - Sloan School of Management 333095 0 0 0 443325 0 39000 0 27758 0 843178 0 0 0 Schedule J, Part II, Column (B)(iii) PART II, COLUMN B(III) SCHEDULE J, PART II, COLUMN B(III) - THE MIT SLOAN SCHOOL OF MANAGEMENT OFFERS A BROAD RANGE OF EXECUTIVE EDUCATION AND PROFESSIONAL DEVELOPMENT PROGRAMS DEVELOPED AND LED BY ITS FACULTY AND FOLLOWS MIT'S WRITTEN SUPPLEMENTAL COMPENSATION GUIDELINES FOR FACULTY WHO PARTICIPATE IN THESE PROGRAMS. SLOAN FACULTY INCLUDED IN THE FORM 990 ARE PROFESSORS FINE AND FERNANDEZ. Schedule J, Part II, Column (C) PART II, COLUMN (C) SCHEDULE J, PART II, COLUMN (C) DOES NOT INCLUDE $212,500 OF INCENTIVE COMPENSATION FOR MR. ALEXANDER AND $158,476 OF INCENTIVE COMPENSATION FOR MR. MARSH AWARDED IN January 2014. THESE AMOUNTS CAN INCREASE OR DECREASE DEPENDING ON THE PERFORMANCE OF THE ENDOWMENT AND ARE CONTINGENT ON CONTINUED EMPLOYMENT BY MIT. Schedule J, Part II FORM 990, PART VII THE INDIVIDUALS DISCLOSED IN PART VII OF FORM 990 OFTEN DEVOTE MORE HOURS TO THEIR POSITION THAN THE NUMBER OF HOURS LISTED, WHICH REPRESENT ESTIMATES OF AVERAGE HOURS. INDIVIDUALS WHO ARE ALSO ON THE BOARDS OF MIT'S SUBSIDIARIES AND RELATED ORGANIZATIONS WORK AN ADDITIONAL ESTIMATE OF 1 TO 3 HOURS PER WEEK AS LISTED IN COLUMN (B) OF FORM 990, PART VII. Schedule J, Part I, Line 4b SUPPL NONQUAL. RETIREMENT PLAN - PART II, COL B(III), LINE 20 AS MIT PREVIOUSLY REPORTED, MIT HAD PAID AN AMOUNT ANNUALLY INTO AN ACCOUNT FOR THE BENEFIT OF FORMER PRESIDENT SUSAN HOCKFIELD DURING HER TENURE AS MIT PRESIDENT. MIT DID NOT MAKE ANY PAYMENTS INTO THAT ACCOUNT IN CALENDAR YEAR 2014. FORMER PRESIDENT HOCKFIELD RECEIVED PAYMENT FOR THE BALANCE OF THIS ACCOUNT ON JUNE 30, 2014. IN ADDITION, IN CALENDAR YEAR 2012 FORMER PRESIDENT HOCKFIELD VESTED IN A DEFERRED ANNUITY, WITH RESPECT TO WHICH SHE WILL NOT BEGIN TO RECEIVE PAYMENTS UNTIL 2016. Schedule J, Part I, Line 7 NON-FIXED PAYMENTS - PART II, COLUMN B(II), LINES 9 & 17 THE MIT INVESTMENT MANAGEMENT COMPANY PAYS CERTAIN EMPLOYEES NON-FIXED AMOUNTS PURSUANT TO AN INCENTIVE COMPENSATION PROGRAM THAT BASES COMPENSATION PAYMENTS ON A NUMBER OF FACTORS. THE PRIMARY BASIS FOR INCENTIVE COMPENSATION PAYMENTS IS THE PERFORMANCE OF MIT'S ENDOWMENT RELATIVE TO PEER AND MARKET BENCHMARKS. THIS IS A COMMON PRACTICE IN HIGHER ED ENDOWMENT MANAGEMENT. Schedule J, Part I, Line 1a First-class or charter travel SCHEDULE J, PART I, LINES 1A AND B MIT FOLLOWS A WRITTEN POLICY OR WRITTEN EMPLOYMENT AGREEMENT WITH RESPECT TO THE PAYMENT OR REIMBURSEMENT OF ALL OF THE EXPENSES SPECIFIED IN PART I, LINE 1A THAT MIT PAYS OR REIMBURSES. MIT ALLOWS BUSINESS/FIRST CLASS TRAVEL AND COMPANION TRAVEL PURSUANT TO GUIDELINES INCLUDED IN A WRITTEN TRAVEL POLICY. ALL MIT EMPLOYEES, INCLUDING OFFICERS, TRUSTEES, KEY EMPLOYEES AND HIGHLY COMPENSATED INDIVIDUALS, ARE SUBJECT TO THE SAME WRITTEN TRAVEL POLICY. Schedule J, Part I, Line 1a Travel for companions COMPANION TRAVEL IS ONLY REIMBURSED BY MIT IF THERE IS A BONA FIDE BUSINESS PURPOSE FOR THE COMPANION TO TRAVEL,CONSISTENT WITH MIT'S WRITTEN POLICY. DOCUMENTATION OF THE COMPANION'S BUSINESS PURPOSE IS REQUIRED. Schedule J, Part I, Line 1a Tax indemnification and gross-up payments ONE OF THE INDIVIDUALS DISCLOSED IN SCHEDULE J RECEIVES LIMITED TAX INDEMNIFICATION AND GROSS UP PAYMENTS. ALL TAX INDEMNIFICATION AND GROSS UP PAYMENTS ARE PURSUANT TO A WRITTEN EMPLOYMENT AGREEMENT. Schedule J, Part I, Line 1a Housing allowance or residence for personal use THE MIT PRESIDENT IS REQUIRED TO LIVE IN AN MIT OWNED CAMPUS RESIDENCE AS A CONDITION OF EMPLOYMENT AND AS A CONVENIENCE TO MIT. IRS RULES REQUIRE MIT TO ESTIMATE A VALUE FOR SUCH USE AND TO INCLUDE THE VALUE IN THE PRESIDENT'S TOTAL COMPENSATION AS A "NONTAXABLE BENEFIT" (SCHEDULE J, PART II, COLUMN (D)). AS CALCULATED PURSUANT TO IRS RULES, THE ESTIMATED VALUE IS $84,000 FOR PRESIDENT REIF IN CALENDAR YEAR 2014. MIT PAYS FOR HOUSEKEEPING OF THE PUBLIC AREAS OF THE HOUSE AND MIT INCLUDES IN THE PRESIDENT'S TAXABLE INCOME AN AMOUNT OF EXPENSES RELATING TO HOUSEKEEPING SERVICES FOR THE PORTION OF THE MIT OWNED RESIDENCE USED BY THE PRESIDENT'S FAMILY AS THEIR PRIVATE RESIDENCE. Schedule J, Part I, Line 1a Health or social club dues or initiation fees MIT REIMBURSES SOME OFFICERS AND KEY EMPLOYEES FOR CERTAIN DUES AND FEES FOR ASSOCIATIONS THEY USE FOR BUSINESS. REIMBURSEMENT IS DEPENDENT UPON SUBSTANTIATION OF THE BONA FIDE BUSINESS REASON FOR THE EXPENSE. A MASSACHUSETTS HEALTH & EDUCATIONAL FAC 042456011 57585K3G1 2003-05-07 204790814 CONSTRUCTION/RENOVATION/REFUNDING false false false B MASSACHUSETTS HEALTH & EDUCATIONAL FAC 042456011 57586CBP9 2004-04-02 150854243 CONSTRUCTION AND RENOVATION false false false C MASSACHUSETTS HEALTH & EDUCATIONAL FAC 042456011 57586C8G3 2008-08-13 334995460 CONSTRUCTION AND RENOVATION true false false D MASSACHUSETTS HEALTH & EDUCATIONAL FAC 042456011 57586ECM1 2009-01-08 274996289 CONSTRUCTION AND RENOVATION true false false A 43190000 0 205361235 0 0 0 1040170 0 0 204321064 0 0 2005 true false true true B 9110000 0 151599210 0 0 0 854243 0 0 150744967 0 0 2005 false false true true C 50000000 275195000 336035127 0 0 0 1575675 0 0 334459512 0 0 2010 false false true true D 0 178460000 276649117 0 0 0 1558146 0 0 275090971 0 0 2010 false false true true A false false true false true false 0.011 0.011 false false true B false false true false true false 0.019 0.019 false false true C false false true false true false 0.012 0.012 false false true D false false true false true false 0.032 0.032 false false true A false true false false false false true B false true false false false false true C false true false false false false true D false true false false false false true A true B true C true D true Schedule K, Part III, Line 3b SCHEDULE K, PART III, LINE 3B & 3D MIT ROUTINELY REVIEWS RESEARCH AGREEMENTS RELATING TO ITS BOND-FINANCED PROPERTY FOR PRIVATE BUSINESS USE, USING EITHER IN-HOUSE COUNSEL, OUTSIDE COUNSEL, OR PROFESSIONAL CONTRACT REVIEWERS WHO HAVE EXTENSIVE EXPERIENCE WITH RESPECT TO THE PRIVATE BUSINESS USE RULES AND THE SAFE HARBORS SET FORTH IN REV. PROC. 2007-47 AND REV. PROC. 97-13. Schedule K, Part II, Line 3 SCHEDULE K, PART II, LINE 3 TOTAL PROCEEDS ARE NOT IDENTICAL TO THE ISSUE PRICE LISTED IN PART I COLUMN (E) DUE TO INVESTMENT EARNINGS. Schedule K, Part III, Line 4 SCHEDULE K, PART III, LINE 4 PRIVATE BUSINESS USE ADDITIONAL INFORMATION SINCE THE IRS FIRST ISSUED ITS UNDERLYING REVENUE PROCEDURES 1997-13 AND 1997-14, IT HAS BEEN MIT'S POLICY TO ENSURE THAT ITS MANAGEMENT CONTRACTS FALL WITHIN REVENUE PROCEDURE 97-13'S SAFE HARBOR, AND THAT ITS PRIVATE SPONSORED RESEARCH CONTRACTS FALL WITHIN THE REVENUE PROCEDURE 2007-47'S SAFE HARBOR (TOGETHER, THESE TWO TYPES OF CONTRACTS ARE REFERRED TO IN THIS FORM 990 AS "OUTSIDE CONTRACTS"). THIS POLICY ENSURES THAT IN THE UNLIKELY EVENT THAT PRIVATE BUSINESS USE MIGHT ARISE THAT SUCH USE WILL BE MAINTAINED AT A LEVEL THAT IS BELOW THE 5% SAFE HARBOR OF EACH BOND ISSUE. MIT REGULARLY REVIEWS ITS PROCEDURES IN ORDER TO ENSURE COMPLIANCE WITH ITS PRIVATE BUSINESS USE POLICY. Schedule K, Part I, Column (a) SCHEDULE K, PART I, LINE A DETAILS OF REFUNDED BOND ISSUES: HEFA SERIES L BOND (ISSUED MAY 7, 2003) REFUNDED HEFA SERIES H BOND ISSUED ON APRIL 6, 1993. HEFA SERIES H BOND WAS USED FOR CONSTRUCTION AND TO REFUND HEFA SERIES D BOND ISSUED MAY 14,1980. CHILDREN'S SCHOLARSHIP CHILDREN OF QUALIFIED FACULTY 89680 SCHOLARSHIP SCHOLARSHIP SEE PART V SEE PART V SEE PART V false Schedule L, Part III LINE 1 - CHILDREN'S SCHOLARSHIPS ALTHOUGH THERE MAY BE RECIPIENTS WHO ARE RELATED TO PERSONS HAVING AN INTEREST IN THE INSTITUTE, SUCH RECIPIENTS ARE SELECTED ON THE BASIS OF ACADEMIC ACHIEVEMENT, FINANCIAL NEED, AND OTHER SIMILAR STANDARDS. Schedule L, Part IV PART IV MS. PAMELA EVANS IS A RESEARCH GROUP LEADER AT MIT LINCOLN LABORATORY. MS. EVANS IS A FAMILY MEMBER OF A MIT KEY EMPLOYEE. IN FY 2015, SHE RECEIVED COMPENSATION AND BENEFITS IN THE AMOUNT OF $249,715. X 13 4500 Opinions of experts X 0 NONE X 0 NONE X 1021 39219349 Market value X 8 786964 Market value X EQUIPMENT 11 254756 Market value X ARCHIVAL RECORDS 13 0 NONE X OTHER 9 0 NONE 5 false true true Schedule M, Part I LINE 33 MIT RECORDS ITEMS OF COLLECTIONS AS A GIFT AT NOMINAL VALUE. THEY ARE RECEIVED FOR EDUCATIONAL PURPOSES AND GENERALLY DISPLAYED THROUGHOUT MIT.THEY ARE NOT DISPOSED OF FOR FINANCIAL GAIN OR OTHERWISE ENCUMBERED IN ANY MANNER. Schedule M, Part I, Line 32b Third parties used to solicit, process, or sell noncash contributions MIT REAL ESTATE FOUNDATION, INC.'S PRIMARY PURPOSE IS TO HOLD AND SELL GIFTS OF REAL ESTATE AND PROPERTY FOR THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY. Schedule M, Part I Explanations of reporting method for number of contributions Art - Works of art: NUMBER OF CONTRIBUTIONS Securities - Publicly traded: NUMBER OF ITEMS Securities - Miscellaneous: NUMBER OF ITEMS Other: NUMBER OF CONTRIBUTIONS Other: NUMBER OF CONTRIBUTIONS Other: NUMBER OF CONTRIBUTIONS Form 990, Part III, Line 4d Description of other program services (Expenses $ 120,964,000 including grants of $ 5,637,000)(Revenue $ 230,140,000) THIS ITEM CONSISTS OF OTHER EXPENDITURES (INCLUDING GRANTS) INCURRED, AND REVENUES GENERATED IN CONNECTION WITH MIT'S OTHER PROGRAM SERVICES RELATED TO VARIOUS ACTIVITIES IN FURTHERANCE OF AND IN SUPPORT OF MIT'S EXEMPT MISSION WHICH INCLUDED BUT WERE NOT LIMITED TO SUCH THINGS AS FEES AND SERVICES (FOR EXAMPLE, MEDICAL DEPARTMENT, TECHNOLOGY LICENSING OFFICE), AUXILIARY ENTERPRISES (FOR EXAMPLE, HOUSING, DINING), AND OTHER MISCELLANEOUS PROGRAM SERVICE REVENUE. Form 990, Part VI, Line 1a PART VI, LINE 1A THE MIT BYLAWS VEST IN THE EXECUTIVE COMMITTEE OF THE MIT CORPORATION THE RESPONSIBILITY FOR OVERSEEING THE GENERAL ADMINISTRATION AND SUPERINTENDENCE OF ALL MATTERS RELATING TO MIT, INCLUDING ITS EDUCATIONAL AND RESEARCH PROGRAMS, ADMINISTRATION PERFORMANCE, FINANCIAL AFFAIRS, ENDOWMENT, REAL PROPERTY, POLICIES, SYSTEMS, CONTROLS, SPECIAL CONTRACT SERVICES, AND FACULTY TENURE DECISION APPROVAL. THE EXECUTIVE COMMITTEE CONSISTS OF 13 MEMBERS AND MEETS 10 TIMES EACH YEAR. THE MIT CORPORATION IS A BODY CURRENTLY COMPRISED OF 78 INDIVIDUALS (REFERRED TO AS MEMBERS OF THE CORPORATION), INCLUDING DISTINGUISHED LEADERS IN SCIENCE, ENGINEERING, INDUSTRY, EDUCATION AND PUBLIC SERVICE. CONSISTENT WITH THE MIT BYLAWS, THE CORPORATION MEMBERS ACT AS STEWARDS OF THE PUBLIC TRUST TO PRESERVE MIT'S MISSION. THE CORPORATION MEETS 4 TIMES EACH YEAR. RECOGNIZING THE SPECIFIC OVERSIGHT RESPONSIBILITY OF THE EXECUTIVE COMMITTEE FOR MIT'S OPERATIONS, MIT TREATS THE EXECUTIVE COMMITTEE AS MIT'S GOVERNING BODY FOR PURPOSES OF RESPONDING TO THE FORM 990. Form 990, Part VI, Line 2 PART VI, LINE 2 CLAUDE CANIZARES AND ROBERT MILLARD ARE BOARD MEMBERS OF L-3 COMMUNICATIONS, INC. SETH ALEXANDER AND R. GREGORY MORGAN ARE MEMBERS OF THE INVESTMENT COMMITTEE AND UNDERWRITING COMMITTEE, RESPECTIVELY, OF CRICO. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body THE MIT CORPORATION ELECTS THE NON EX-OFFICIO MEMBERS OF MIT'S GOVERNING BODY (THE EXECUTIVE COMMITTEE OF THE CORPORATION). EX-OFFICIO MEMBERS OF THE EXECUTIVE COMMITTEE ARE THE CHAIR OF THE CORPORATION, THE PRESIDENT, THE EXECUTIVE VICE-PRESIDENT AND TREASURER, AND THE CHAIR OF THE INVESTMENT MANAGEMENT COMPANY BOARD OF DIRECTORS. Form 990, Part VI, Line 10b Monitoring compliance of local unit's activities THE WRITTEN POLICIES AND PROCEDURES OF THE INSTITUTE APPLY TO ITS SUBSIDIARIES. THE ORGANIZATIONAL DOCUMENTS OF OTHER ORGANIZATIONS OVER WHICH MIT EXERCISES SUPERVISION AND CONTROL INCLUDE PROVISIONS THAT ALIGN THEIR MISSIONS WITH MIT'S MISSION. Form 990, Part VI, Line 11b Review of form 990 by governing body MIT'S OFFICERS RESPONSIBLE FOR MIT'S TAX MATTERS PREPARE MIT'S FORM 990 WITH EXTENSIVE ASSISTANCE FROM MIT'S ACADEMIC AND ADMINISTRATIVE UNITS. SENIOR MIT OFFICERS THEN REVIEW THE FORM 990. FOLLOWING THAT REVIEW AND BEFORE THE FORM 990 IS FILED, MIT'S RISK AND AUDIT COMMITTEE AND EXECUTIVE COMMITTEE (MIT'S GOVERNING BODY) ARE PROVIDED WITH THE FORM AND RELATED SCHEDULES FOR THEIR REVIEW AND COMMENT. Form 990, Part VI, Line 12c Conflict of interest policy MONITORING AND ENFORCING COMPLIANCE WITH CONFLICT OF INTEREST POLICIES DISCLOSURE: MIT HAS TWO PRIMARY CONFLICT OF INTEREST POLICIES - THE POLICY CONCERNING AVOIDANCE OF CONFLICTS OF INTEREST WHICH COVERS ALL INDIVIDUALS SERVING ON THE MIT EXECUTIVE COMMITTEE (MIT'S GOVERNING BODY) AND CORPORATION, AND THE SECTION OF MIT'S POLICIES AND PROCEDURES TITLED CONFLICT OF INTEREST, WHICH IS GENERALLY APPLICABLE TO MEMBERS OF THE MIT COMMUNITY. ANNUAL DISCLOSURE BOTH POLICIES REQUIRE THAT COVERED INDIVIDUALS ANNUALLY ACKNOWLEDGE IN WRITING THAT THEY ARE AWARE OF THE POLICY AND IDENTIFY ANY RELATIONSHIPS OR RESPONSIBILITIES THAT HAVE THE POTENTIAL OF PRODUCING CONFLICTS OF INTEREST. EACH YEAR, DISCLOSURE FORMS ARE DISTRIBUTED TO THOSE COVERED BY THESE POLICIES. IF A RESPONSE REVEALS A CONFLICT OR POTENTIAL CONFLICT, SUCH CONFLICT IS REFERRED TO THE APPROPRIATE INDIVIDUAL OR BODY FOR CONSIDERATION AND MANAGEMENT. AD HOC DISCLOSURE IN ADDITION TO THE ANNUAL DISCLOSURE PROCESS, POTENTIAL CONFLICTS OF INTEREST OF INDIVIDUALS SERVING ON THE MIT EXECUTIVE COMMITTEE, ON THE CORPORATION OR AS OFFICERS ARE RAISED, CONSIDERED AND ADDRESSED ON AN AD HOC BASIS. UNDER THE POLICY CONCERNING AVOIDANCE OF CONFLICTS OF INTEREST, IF A MATTER COMES BEFORE THE CORPORATION OR EXECUTIVE COMMITTEE THAT INVOLVES A PERSONAL OR BUSINESS OR OTHER FINANCIAL INTEREST OF A MEMBER OR OFFICER OF THE CORPORATION OR A MEMBER OF HIS OR HER IMMEDIATE FAMILY, THE INDIVIDUAL IS REQUIRED TO DISCLOSE THE INTEREST, REFRAIN FROM PARTICIPATING IN THE DISCUSSION OF THE MATTER, EXCEPT AS NECESSARY TO ANSWER QUESTIONS ASKED BY THE OTHER CORPORATION OR EXECUTIVE COMMITTEE MEMBERS, AND REFRAIN FROM VOTING AND BEING PRESENT WHEN THE VOTE WAS TAKEN. IF THE MATTER INVOLVES ONGOING DECISION MAKING OR INVOLVEMENT, THE CORPORATION OR EXECUTIVE COMMITTEE CONTINUES TO MONITOR AND MANAGE THE CONFLICT. WITH RESPECT TO OFFICERS, MIT RELIES UPON A COMBINATION OF THE ANNUAL DISCLOSURES, THE OFFICERS' OBLIGATIONS TO DEVOTE THEIR FULL TIME AND EFFORT TO THE INSTITUTE, THE OFFICERS' FIDUCIARY OBLIGATION TO THE INSTITUTE AND THE OFFICERS' JUDGMENT TO ENSURE THAT CONFLICTS ARE IDENTIFIED. IF A CONFLICT IS IDENTIFIED, THE CONFLICT IS EITHER ELIMINATED OR MANAGED. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE SALARY SUBCOMMITTEE, A SUBCOMMITTEE OF THE EXECUTIVE COMMITTEE OF THE MIT CORPORATION, REVIEWS DATA REGARDING PAY COMPARISONS OF OTHER PEER INSTITUTIONS. THE DATA ARE COLLECTED AND PRESENTED TO MIT BY TOWERS WATSON AND ANALYZED BY THE COMPENSATION DEPARTMENT OF MIT'S HUMAN RESOURCES DEPARTMENT AND MIT'S VICE PRESIDENT FOR HUMAN RESOURCES. RECOMMENDATIONS FOR SALARY INCREASES ARE PRESENTED TO THE SALARY SUBCOMMITTEE BASED ON PERFORMANCE FEEDBACK COLLECTED. THE DATA AND PERFORMANCE FEEDBACK ARE DISCUSSED AND A FINAL RECOMMENDATION IS APPROVED. NOTIFICATION IS MADE TO THE COMPENSATION DEPARTMENT AND FORMS ARE CREATED TO BE SIGNED BY ONE MEMBER OF THE SALARY SUBCOMMITTEE. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE SALARY SUBCOMMITTEE, A SUBCOMMITTEE OF THE EXECUTIVE COMMITTEE OF THE MIT CORPORATION, REVIEWS DATA REGARDING PAY COMPARISONS OF OTHER PEER INSTITUTIONS. THE DATA ARE COLLECTED AND PRESENTED TO MIT BY TOWERS WATSON AND ANALYZED BY THE COMPENSATION DEPARTMENT OF MIT'S HUMAN RESOURCES DEPARTMENT AND MIT'S VICE PRESIDENT FOR HUMAN RESOURCES. RECOMMENDATIONS FOR SALARY INCREASES ARE PRESENTED TO THE SALARY SUBCOMMITTEE BASED ON PERFORMANCE FEEDBACK COLLECTED. THE DATA AND PERFORMANCE FEEDBACK ARE DISCUSSED AND A FINAL RECOMMENDATION IS APPROVED. NOTIFICATION IS MADE TO THE COMPENSATION DEPARTMENT AND FORMS ARE CREATED TO BE SIGNED BY ONE MEMBER OF THE SALARY SUBCOMMITTEE. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE ON MIT'S WEBSITE HTTP://WEB.MIT.EDU. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Net change in life income funds - -19197000; Postretirement plan changes other than net periodic benefit costs - 13314000; Advance refunding/bond defeasance loss - -63028000; Gain recorded for right to use asset - 23675000; Schedule J, Part I, Line 1a Personal services MIT PAYS FOR HOUSEKEEPING OF THE PUBLIC AREAS OF THE HOUSE AND MIT INCLUDES IN THE PRESIDENT'S TAXABLE INCOME AN AMOUNT OF EXPENSES RELATED TO HOUSEKEEPING SERVICES FOR THE PORTION OF THE MIT OWNED RESIDENCE USED BY THE PRESIDENT'S FAMILY AS THEIR PRIVATE RESIDENCE. MIT Real Estate LLC 238 Main Street c/o MIT Cambridge MA 01242 810643869 Real Estate MA 2348472 83350000 Massachusetts Institute of Technology MIT 130 Brookline LLC 238 Main Street c/o MIT Cambridge MA 01242 464339718 Real Estate MA 2321521 46950000 Massachusetts Institute of Technology MIT 170171 Sidney LLC 238 Main Street c/o MIT Cambridge MA 01242 464653513 Real Estate MA 148012 4080000 Massachusetts Institute of Technology MIT 300 Third LLC 238 Main Street c/o MIT Cambridge MA 01242 464480264 Real Estate MA 930792 26155000 Massachusetts Institute of Technology MIT 770790 Memorial LLC 238 Main Street c/o MIT Cambridge MA 01242 464667544 Real Estate MA 689865 19430000 Massachusetts Institute of Technology MIT 99 Erie LLC 238 Main Street c/o MIT Cambridge MA 01242 464550283 Real Estate MA 155872 4260000 Massachusetts Institute of Technology MIT 195 Albany SPE LLC 238 Main Street c/o MIT Cambridge MA 01242 464453275 Real Estate MA -483903 0 Massachusetts Institute of Technology MIT 207 Albany SPE LLC 238 Main Street c/o MIT Cambridge MA 01242 464467648 Real Estate MA -34981 0 Massachusetts Institute of Technology MIT 8 Carleton Street LLC 238 Main Street c/o MIT Cambridge MA 01242 464523741 Real Estate MA -104660 4360000 Massachusetts Institute of Technology MIT West 300 Block Mass Ave Fee Owner LLC 238 Main Street c/o MIT Cambridge MA 01242 464611506 Real Estate MA 488322 15190000 Massachusetts Institute of Technology MIT 128 Sidney SPE LLC 238 Main Street c/o MIT Cambridge MA 01242 464329881 Real Estate MA 120 2377 Massachusetts Institute of Technology MIT 148 Sidney SPE LLC 238 Main Street c/o MIT Cambridge MA 01242 464400934 Real Estate MA 120 2377 Massachusetts Institute of Technology MIT 149 Sidney SPE LLC 238 Main Street c/o MIT Cambridge MA 01242 464439009 Real Estate MA 120 2377 Massachusetts Institute of Technology MIT 640 Memorial SPE LLC 238 Main Street c/o MIT Cambridge MA 01242 464596884 Real Estate MA 10 200 Massachusetts Institute of Technology MIT One Broadway Fee Owner LLC 238 Main Street c/o MIT Cambridge MA 01242 464562852 Real Estate MA 120 1407359 Massachusetts Institute of Technology MIT 177 Massachusetts Avenue LLC 238 Main Street c/o MIT Cambridge MA 01242 464289160 Real Estate MA 10 198 Massachusetts Institute of Technology MIT 650 Main Street LLC 238 Main Street c/o MIT Cambridge MA 01242 042103594 Real Estate MA 360 7313 Massachusetts Institute of Technology MIT 424-456 Massachusetts Avenue LLC 238 Main Street c/o MIT Cambridge MA 01242 464493299 Real Estate MA 10 201 Massachusetts Institute of Technology MIT 281-295 Albany Street LLC 238 Main Street c/o MIT Cambridge MA 01242 464307186 Real Estate MA 10 202 Massachusetts Institute of Technology MIT 12 Emily Street LLC 238 Main Street c/o MIT Cambridge MA 01242 464268263 Real Estate MA 10 202 Massachusetts Institute of Technology 134 Massachusetts Avenue Fee Owner LLC 238 Main Street c/o MIT Cambridge MA 01242 464682035 Real Estate MA 120 2438 Massachusetts Institute of Technology MIT 620 Memorial LLC 238 Main Street c/o MIT Cambridge MA 01242 464238931 Real Estate MA 10 203 Massachusetts Institute of Technology MIT 128 Sidney Leasehold LLC 238 Main Street c/o MIT Cambridge MA 01242 464318943 Real Estate MA 2049257 25000000 Massachusetts Institute of Technology MIT 148 Sidney Leasehold LLC 238 Main Street c/o MIT Cambridge MA 01242 464350211 Real Estate MA 507766 9500000 Massachusetts Institute of Technology MIT 149 Sidney Leasehold LLC 238 Main Street c/o MIT Cambridge MA 01242 464419735 Real Estate MA 1648665 23270000 Massachusetts Institute of Technology MIT 640 Memorial Leasehold LLC 238 Main Street c/o MIT Cambridge MA 01242 461548002 Real Estate MA 1437447 0 Massachusetts Institute of Technology MIT One Broadway LLC 238 Main Street c/o MIT Cambridge MA 01242 464581832 Real Estate MA 9325321 187000000 Massachusetts Institute of Technology 177 Massachusetts Avenue Leasehold LLC 238 Main Street c/o MIT Cambridge MA 01242 464279029 Real Estate MA 10568041 308750000 Massachusetts Institute of Technology 650 Main Street Leasehold LLC 238 Main Street c/o MIT Cambridge MA 01242 042103594 Real Estate MA 0 0 Massachusetts Institute of Technology 424-456 Massachusetts Avenue Leasehold LLC 238 Main Street c/o MIT Cambridge MA 01242 464509441 Real Estate MA 850170 16545000 Massachusetts Institute of Technology 281-295 Albany Street Leasehold LLC 238 Main Street c/o MIT Cambridge MA 01242 464298517 Real Estate MA 1144488 20750000 Massachusetts Institute of Technology 12 Emily Street Leasehold LLC 238 Main Street c/o MIT Cambridge MA 01242 464257627 Real Estate MA 846772 6900000 Massachusetts Institute of Technology 134 Massachusetts Avenue Leasehold LLC 238 Main Street c/o MIT Cambridge MA 01242 464695223 Real Estate MA 719220 8870000 Massachusetts Institute of Technology 610 Main Street South Leasehold LLC 238 Main Street c/o MIT Cambridge MA 01242 463904926 Real Estate MA 6777632 247400000 Massachusetts Institute of Technology 700 Main Street Leasehold LLC 238 Main Street c/o MIT Cambridge MA 01242 463910601 Real Estate MA 6970807 146600000 Massachusetts Institute of Technology 610-700 Main Garage Leasehold LLC 238 Main Street c/o MIT Cambridge MA 01242 463997167 Real Estate MA 0 0 Massachusetts Institute of Technology MIT 351 Vassar LLC 238 Main Street c/o MIT Cambridge MA 01242 464168318 Real Estate MA 15302 1500000 Massachusetts Institute of Technology 620 Memorial Leasehold LLC 238 Main Street c/o MIT Cambridge MA 01242 464249493 Real Estate MA -271692 63000000 Massachusetts Institute of Technology 610 Main Street North Leasehold LLC 238 Main Street c/o MIT Cambridge MA 01242 464624112 Real Estate MA -4904 0 Massachusetts Institute of Technology MIT 636 Putnam Avenue LLC 238 Main Street c/o MIT Cambridge MA 01242 465619441 Real Estate MA -43998 950000 Massachusetts Institute of Technology MIT Site N LLC 238 Main Street c/o MIT Cambridge MA 01242 042103594 Real Estate MA 0 1202040 Massachusetts Institute of Technology MIT Site P LLC 238 Main Street c/o MIT Cambridge MA 01242 042103594 Real Estate MA 0 1436304 Massachusetts Institute of Technology MIT Site S LLC 238 Main Street c/o MIT Cambridge MA 01242 474560662 Real Estate MA 0 276488 Massachusetts Institute of Technology MIT Site Q LLC 238 Main Street c/o MIT Cambridge MA 01242 042103594 Real Estate MA 0 0 Massachusetts Institute of Technology MIT 238 Main Street Leasehold LLC 238 Main Street c/o MIT Cambridge MA 01242 042103594 Real Estate MA 0 0 Massachusetts Institute of Technology MIT 326-336 Main Street Leasehold LLC 238 Main Street c/o MIT Cambridge MA 01242 042103594 Real Estate MA 0 0 Massachusetts Institute of Technology 610 Main Street South Trustee LLC 238 Main Street c/o MIT Cambridge MA 01242 042103594 Real Estate MA 0 0 Massachusetts Institute of Technology 700 Main Street Trustee LLC 238 Main Street c/o MIT Cambridge MA 01242 042103594 Real Estate MA 0 0 Massachusetts Institute of Technology 610-700 Main Garage Trustee LLC 238 Main Street c/o MIT Cambridge MA 01242 042103594 Real Estate MA 0 0 Massachusetts Institute of Technology MIT West 300 Block JV LLC 238 Main Street c/o MIT Cambridge MA 01242 042103594 Real Estate MA -2385 33520000 Massachusetts Institute of Technology MIT East 300 Block JV LLC 238 Main Street c/o MIT Cambridge MA 01242 042103594 Real Estate MA -29 278764 Massachusetts Institute of Technology Tech Square JV LLC 238 Main Street c/o MIT Cambridge MA 01242 205242541 Real Estate MA 5469858 54205000 Massachusetts Institute of Technology Meadowlark Associates LLC 238 Main Street c/o MIT Cambridge MA 01242 042103594 Investments DE -40708763 199019260 Massachusetts Institute of Technology Blue Jay Associates LLC 238 Main Street c/o MIT Cambridge MA 01242 042103594 Investments DE 0 0 Massachusetts Institute of Technology MIT Private Equity LLC 238 Main Street c/o MIT Cambridge MA 01242 043490003 Investments DE 19932 71924 Massachusetts Institute of Technology MIT Private Equity Management Company LLC 238 Main Street c/o MIT Cambridge MA 01242 043490002 Investments DE 61664 116648 Massachusetts Institute of Technology MIT Private Equity Management Company II LLC 238 Main Street c/o MIT Cambridge MA 01242 431964717 Investments DE 53503 53739 Massachusetts Institute of Technology MIT Private Equity Management Company III LLC 238 Main Street c/o MIT Cambridge MA 01242 204639870 Investments DE 513451 513738 Massachusetts Institute of Technology MIT Private Equity Management Company IV LLC 238 Main Street c/o MIT Cambridge MA 01242 261356780 Investments DE 153301 159878 Massachusetts Institute of Technology MIT Foundation UK Ltd 19 Norcott Road London UK 981192046 MIT Support UK Massachusetts Institute of Technology MIT ENTERPRISE FORUM INC 77 MASSACHUSETTS AVENUE CAMBRIDGE MA 02142 042921492 EDUCATION MA 501(c)(3 9 TECHNOLOGY REVIEW true MIT REAL ESTATE FOUNDATION INC 238 MAIN STREET SUITE 200 CAMBRIDGE MA 02142 043397800 REAL ESTATE MA 501(c)(3 Type I MIT true TECHNOLOGY REVIEW INC ONE MAIN STREET 7TH FLOOR CAMBRIDGE MA 02142 954893200 PUBLICATION MA 501(c)(3 Type I MIT true TECHNOLOGY BROADCASTING CORPORATION 3 AMES STREET CAMBRIDGE MA 02142 237154684 RADIO MA 501(c)(3 9 MIT true LORD FOUNDATION OF MASSACHUSETTS INC 238 MAIN STREET SUITE 200 CAMBRIDGE MA 02142 042748895 MIT SUPPORT MA 501(c)(3 Type I MIT true MIT RETIREE WELFARE BENEFIT TRUST 77 MASSACHUSETTS AVENUE NE 49-31 CAMBRIDGE MA 02142 043177556 HEALTH BEN. MA 501(c)(3 Type I MIT true KENDALL PARTNERS I INC 238 MAIN STREET SUITE 200 CAMBRIDGE MA 02142 270565900 TITLE HOLD MA 501(c)(2 MIT true THE MASSACHUSETTS GREEN HIGH PERFORMANCE 100 BIGELOW STREET HOLYOKE MA 01040 273014805 RESEARCH MA 501(c)(3 Type I NA false MGHPCC HOLYOKE INC 100 BIGELOW STREET HOLYOKE MA 01041 452257442 RESEARCH MA 501(c)(3 Type I NA false Alchemy Plan (Cambridge) LP None None None None GK None 980203250 Investments UK Massachusetts Institute of Technology Excluded 172531 1958441 false 0 false 0.99 Northaven Partners III LP None None None NY 00000 133908626 Investments NY Massachusetts Institute of Technology Excluded -85904 3154352 false 0 false 0.56 Wexford MIT Energy II LP None None None DE 00000 760787877 Investments DE Massachusetts Institute of Technology Excluded 2990124 13760736 false 0 false 0.91 Wexford MIT Energy LP None None None DE 00000 800057801 Investments DE Massachusetts Institute of Technology Excluded -21779 2621059 false 0 false 0.67 Leviathan Real Estate Partners LLC None None None DE 00000 473349186 Investments DE Massachusetts Institute of Technology Excluded 0 0 false false MIT Investments 2009 LP None None None DE 00000 270896088 Investments DE Massachusetts Institute of Technology Excluded 130257825 721161472 false 7294503 true 0.92 MIT Investments 2010 LP None None None DE 00000 270542081 Investments DE Massachusetts Institute of Technology Excluded 456316085 5611878173 false -3931528 true 1 MIT Private Equity II LLC None None None DE 00000 753066771 Investments DE Massachusetts Institute of Technology Excluded 23439 175732 false 1079 true 1 MIT Private Equity III LLC None None None DE 00000 204639783 Investments DE Massachusetts Institute of Technology Excluded 70348 337906 false 0 true 1 MIT Private Equity IV LLC None None None DE 00000 261356668 Investments DE Massachusetts Institute of Technology Excluded 15178 122504 false -517 true 1 Premia Fund I LLC None None None DE 00000 473300238 Investments DE Massachusetts Institute of Technology Excluded 0 0 false false MFPLA LP None None None DE 00000 453203773 Investments DE MIT Investments 2010 LP Excluded 34880083 366238925 false 0 false 0.91 Galileo TM LLC None None None DE 00000 990376894 Investments DE MIT Investments 2010 LP Excluded 6882647 117975786 false 0 false 0.99 Hephaestus Energy Fund LP None None None DE 00000 364747789 Investments DE MIT Investments 2010 LP Excluded 797878 143117810 false 0 false 1 MD Investors Value Fund None None None DE 00000 300615514 Investments DE MIT Investments 2010 LP Excluded 35367663 203078328 false 0 false 0.97 Merckx Capital Partners LP None None None DE 00000 364711803 Investments DE MIT Investments 2010 LP Excluded 11477420 91430301 false 0 false 0.85 MGPLA LP None None None DE 00000 453625653 Investments DE MIT Investments 2010 LP Excluded 3363761 54450687 false 0 false 0.94 Greenlea Lane Capital Partners LP None None None DE 00000 260247078 Investments DE MIT Investments 2010 LP Excluded 636517 13058647 false 53438 false 0.52 Standard Partners Fund LP None None None DE 00000 371762191 Investments DE MIT Investments 2010 LP Excluded 3284 4987042 false 0 false 1 China Omaha Partners LP None None None None CJ None Investments CJ MIT Investments 2010 LP Excluded 30366 29804651 false 0 false 0.99 Ithuba Investments LP None None None DE 00000 474243976 Investments DE MIT Investments 2010 LP Excluded 0 0 false false Mallard Fund LP None None None TX 00000 208974201 Investments TX Meadowlark Associates LLC Excluded -40708763 119099260 false 0 false 1 Gaoling Feeder II PO Box 908 GT Mary Street c/o Walkers Corporate Services Ltd Georgetown Grand Cayman CJ KY19005 Investments CJ Massachusetts Institute of Technology C Corporation 0 822596513 1 true Hyde Park Capital Limited 85 Gracechurch Street London UK EC3V 0AA Investments UK Massachusetts Institute of Technology C Corporation 0 5715389 1 true MIT EndowmentPatron Scotland LP 50 Lothian Road Festival Square Edinburgh Midlothian UK EH3 9BY Investments UK MITPatron GP Limited C Corporation 651215 6215936 1 true MIT Patron GP Limited 50 Lothian Road Festival Square Edinburgh Midlothian UK EH3 9BY Investments UK Massachusetts Institute of Technology C Corporation 0 0 1 true The Gallinule Fund PO Box 309 Ugland House c/o Maples Corporate Services Ltd Georgetown Grand Cayman CJ KY11104 Investments CJ MIT Investments 2010 LP C Corporation 83626300 158782922 1 true ABG Capital 4th Floor Raffles Tower co Apex Fund Services Mauritius Ltd Cybercity Ebene 19 MP Investments MP MIT Investments 2010 LP C Corporation 9592279 238719134 1 true Charles-Lim AsiaGlobal Limited PO Box 173 c/o Maples Corp Svcs BVI Ltd Kingston Chambers Road Town Tortola VI Investments VI MIT Investments 2010 LP C Corporation 0 196654496 0.9 true Foxhaven Capital (Offshore) Ltd PO Box 309 Ugland House c/o Maples Corporate Services Ltd Georgetown Grand Cayman CJ KY11104 Investments CJ MIT Investments 2010 LP C Corporation 0 101026143 0.63 true Admetos Assets Limited Trident Trust Co BVI Ltd Trident Chambers PO Box 146 Road Town Tortola VI Investments VI MIT Investments 2010 LP C Corporation 0 20699382 1 true MIT Press Limited Lion House Red Lion Street London UK WC1R 4GB Publication UK Massachusetts Institute of Technology C Corporation -32568 137305 1 true Singapore-MIT Alliance for Research and Technology 1 Create Way 10-01 Create Tower Singapore SN 138602 Research SN Massachusetts Institute of Technology C Corporation 0 38975058 1 true Bose Corporation The Mountain Framingham MA 01701 Product Development MA N/A C Corporation 0 0 false MIT Charitable Remainder Trusts (323) Investments MA N/A Trust MIT Charitable Lead Trust (1) Investments MA N/A Trust MIT Pooled Income Funds (3) Investments MA N/A Trust Outside Charitable Remainder Trusts (25) Investments N/A Trust Outside Charitable Lead Trust (1) Investments N/A Trust Outside Perpetual Trust (19) Investments N/A Trust MIT India Trust Investments IN India Institutional Fund LLC Trust 0 1648 1 true false true true true false true false false false false false false true false false true true true true Singapore-MIT Alliance for Research & Technology Centre C 11894000 CASH Singapore-MIT Alliance for Research & Technology Centre Q 4993000 CASH Technology Review Inc D 4542000 CASH Technology Review Inc P 1451000 CASH Bose Corporation F 3007000 FMV MIT Press Ltd M 576000 CASH MIT Press Ltd S 314000 CASH Lord Foundation of Massachusetts Inc R 1038000 CASH MIT Investments 2009 LP B 64598521 CASH MIT Investments 2010 LP B 1492999795 CASH Galileo TM LLC B 14000000 CASH Hephaestus Energy Fund LP B 105025806 CASH Merckx Capital Partners LP B 11776694 CASH China Omaha Partners LP B 30000000 CASH Mallard Fund LP B 31000000 CASH ABG Capital B 229151324 CASH Charles-Lim AsiaGlobal Limited B 145000000 CASH Admetos Assets Limited B 19999232 CASH Alchemy Plan (Cambridge) LP R 5543745 CASH Wexford MIT Energy II LP R 1818182 CASH MIT Investments 2009 LP R 203607934 CASH MIT Investments 2010 LP R 332652794 CASH MD Investors Value Fund R 15000000 CASH ABG Capital R 9592279 CASH Schedule R, Part IV SCHEDULE R, PART IV MIT IS THE OWNER (RECEIVED BY WAY OF TWO CHARITABLE GIFTS AND DISCLOSED IN A PRIOR TAX YEAR) OF A MAJORITY OF BOSE CORPORATION'S CLASS B SHARES. THIS INTEREST IS ENTIRELY PASSIVE AND PURELY ECONOMIC AS MIT POSSESSES ONLY THE RIGHT TO RECEIVE DIVIDENDS WHICH MAY BE DISTRIBUTED ON THE SHARES. THE CLASS B SHARES HAVE NO VOTING POWER OVER BOARD MEMBERSHIP, CORPORATE LIQUIDATION OR SALE, OR OTHER CORPORATE GOVERNANCE AND OPERATIONS ISSUES. AS A CLASS B SHAREHOLDER, MIT IS NOT PERMITTED TO SELL ITS STOCK WITHOUT THE EXPRESS APPROVAL OF BOSE'S BOARD. PUBLIC DISCLOSURE OF CERTAIN DETAILS ABOUT THE GIFT COULD PUT BOSE CORPORATION AT A COMPETITIVE DISADVANTAGE.* * SEVERAL IRS PRONOUNCEMENTS HAVE MADE IT CLEAR THAT THE FORM 990 IS NOT INTENDED TO PUT A DISCLOSED DONOR AT A POTENTIAL COMPETITIVE DISADVANTAGE. Schedule R, Part II SCHEDULE R, PART II AS A RESULT OF MIT'S CONTROL OF AN ORGANIZATION THAT CONTROLS ANOTHER ORGANIZATION WHICH SERVES AS THE CENTRAL ORGANIZATION UNDER A GROUP EXEMPTION, MIT HAS RELATED ORGANIZATIONS THAT ARE SUBORDINATE ORGANIZATIONS INCLUDED IN A GROUP EXEMPTION. PURSUANT TO IRS INSTRUCTIONS, THESE ORGANIZATIONS ARE NOT REQUIRED TO BE SEPARATELY LISTED ON SCHEDULE R.