2014-05-14T15:01:14-05:00 2013-06-30 990 2012-07-01 042103594 MASSACHUSETTS INSTITUTE OF TECHNOLOGY MASS 6172532777 77 MASSACHUSETTS AVENUE NE49-3142 Cambridge MA 021394307 ISRAEL RUIZ 2014-05-08 2012 2015-11-30 17:44:51Z L RAFAEL REIF 77 MASSACHUSETTS AVENUE Cambridge MA 02139 67844590000 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. 14 10 22857 13187 22664000 -11274196 894547000 817616000 1770381000 1861711000 406218000 731033000 284289000 587108000 3355435000 3997468000 457816000 479075000 0 0 1195801000 1289034000 358000 193000 37210000 1730628000 1354748000 3384603000 3123050000 -29168000 874418000 16769229000 17675782000 4221173000 3767239000 12548056000 13908543000 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. 1350313000 77567000 1333216000 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. 692032000 140297000 636816000 INSTRUCTION AND UNSPONSORED RESEARCH: MIT IS COMMITTED TO PROVIDING A WORLD-CLASS EDUCATION TO OUR APPROXIMATELY 4,500 UNDERGRADUATES AND APPROXIMATELY 6,700 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. 258726000 258726000 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 2012-2013, APPROXIMATELY 61% OF ALL UNDERGRADUATES RECEIVED SOME TYPE OF NEED-BASED FINANCIAL AID FROM MIT. 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874418000 486069000 0 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false true false false true 153392 false true 153392 false Description of the activities reported on Lines 1a through 1i Schedule C, Part II-B, Line 1 LINE 1B, 1D, & 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 2013 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. 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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. Intended uses of endowment funds Schedule D, Part V, Line 4 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. PART X, FIN 48 SCHEDULE D, PART X REGARDING REQUIRED "FIN 48" FINANCIAL STATEMENT DISCLOSURE, ANY UNCERTAIN TAX POSITIONS IN THE FISCAL YEAR ENDED JUNE 30, 2013 WERE IMMATERIAL AND THEREFORE DID NOT REQUIRE A FOOTNOTE. PART III, LINE 1A AND LINE 4 SCHEDULE D, PART III 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. true true true true true true true false false false false false false false false true false true Racially nondiscriminatory policy Schedule E, Part I, Line 3 SEE NEXT PAGE Financial aid or assistance from a governmental agency Schedule E, Part I, Line 6a MIT RECEIVES PELL, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY AND PERKINS LOANS. PART I, LINE 3 SCHEDULE E, PART I, LINE 3 PART I, LINE 3 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 NON-DISCRIMINATORY POLICY AS TO STUDENTS KNOWN TO ALL SEGMENTS OF THE GENERAL COMMUNITY IT SERVES BY INCLUDING A STATEMENT OF ITS RACIALLY NON-DISCRIMINATORY 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. true EAST ASIA AND THE PACIFIC PROGRAM SERVICES SUBRECIPIENT AGREEMENT 6229732 EUROPE (INCLUDING ICELAND AND GREENLAND) PROGRAM SERVICES SUBRECIPIENT AGREEMENT 3492176 MIDDLE EAST AND NORTH AFRICA PROGRAM SERVICES SUBRECIPIENT AGREEMENT 47600 NORTH AMERICA (CANADA & MEXICO ONLY) PROGRAM SERVICES SUBRECIPIENT AGREEMENT 399606 SOUTH ASIA PROGRAM SERVICES SUBRECIPIENT AGREEMENT 626409 SUB-SAHARAN AFRICA PROGRAM SERVICES SUBRECIPIENT AGREEMENT 285409 CENTRAL AMERICA AND THE CARIBBEAN GRANTMAKING 15289 EAST ASIA AND THE PACIFIC GRANTMAKING 303842 EUROPE (INCLUDING ICELAND AND GREENLAND) GRANTMAKING 570288 MIDDLE EAST AND NORTH AFRICA GRANTMAKING 191987 NORTH AMERICA (CANADA & MEXICO ONLY) GRANTMAKING 59114 RUSSIA AND THE NEWLY INDEPENDENT STATES GRANTMAKING 57054 SOUTH ASIA GRANTMAKING 246513 SUB-SAHARAN AFRICA GRANTMAKING 92481 SOUTH AMERICA GRANTMAKING 273471 CENTRAL AMERICA AND THE CARIBBEAN FUNDRAISING 12122 EAST ASIA AND THE PACIFIC 6 FUNDRAISING 838063 EUROPE (INCLUDING ICELAND AND GREENLAND) 17 FUNDRAISING 909515 MIDDLE EAST AND NORTH AFRICA 1 FUNDRAISING 88757 NORTH AMERICA (CANADA & MEXICO ONLY) 3 FUNDRAISING 19899 RUSSIA AND THE NEWLY INDEPENDENT STATES FUNDRAISING 728 SOUTH AMERICA 1 FUNDRAISING 278275 SOUTH ASIA FUNDRAISING 212763 SUB-SAHARAN AFRICA FUNDRAISING 2925 CENTRAL AMERICA AND THE CARIBBEAN PROGRAM SERVICES EDUCATION/RESEARCH 274518 EAST ASIA AND THE PACIFIC 1 39 PROGRAM SERVICES EDUCATION/RESEARCH 18694106 EUROPE (INCLUDING ICELAND AND GREENLAND) 13 PROGRAM SERVICES EDUCATION/RESEARCH 13861037 MIDDLE EAST AND NORTH AFRICA 2 PROGRAM SERVICES EDUCATION/RESEARCH 1727417 NORTH AMERICA (CANADA & MEXICO ONLY) 1 PROGRAM SERVICES EDUCATION/RESEARCH 1059235 RUSSIA AND THE NEWLY INDEPENDENT STATES PROGRAM SERVICES EDUCATION/RESEARCH 2987853 SOUTH AMERICA 1 2 PROGRAM SERVICES EDUCATION/RESEARCH 1670686 SOUTH ASIA 1 PROGRAM SERVICES EDUCATION/RESEARCH 1429903 SUB-SAHARAN AFRICA PROGRAM SERVICES EDUCATION/RESEARCH 1023806 CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 1389327000 EUROPE (INCLUDING ICELAND AND GREENLAND) INVESTMENTS 165661000 NORTH AMERICA (CANADA & MEXICO ONLY) INVESTMENTS 2057000 SUB-SAHARAN AFRICA INVESTMENTS 98790000 2 86 1713817579 EAST ASIA AND THE PACIFIC HONORARIA 10000 CHECK EUROPE (INCLUDING ICELAND AND GREENLAND) HONORARIA 6500 CHECK MIDDLE EAST AND NORTH AFRICA HONORARIA 7500 CHECK 3 PSC CENTRAL AMERICA AND THE CARIBBEAN 1 2150 CHECK PSC EAST ASIA AND THE PACIFIC 4 13600 CHECK PSC NORTH AMERICA (CANADA & MEXICO ONLY) 1 900 CHECK PSC SOUTH ASIA 7 21100 CHECK PSC SUB-SAHARAN AFRICA 19 67200 CHECK MISTI EAST ASIA AND THE PACIFIC 70 193990 CHECK MISTI EUROPE (INCLUDING ICELAND AND GREENLAND) 191 335326 CHECK MISTI MIDDLE EAST AND NORTH AFRICA 87 184096 CHECK MISTI NORTH AMERICA (CANADA & MEXICO ONLY) 17 25350 CHECK MISTI RUSSIA AND THE NEWLY INDEPENDENT STATES 7 38000 CHECK MISTI SOUTH AMERICA 54 261376 CHECK MISTI SOUTH ASIA 53 67950 CHECK HONORARIA EAST ASIA AND THE PACIFIC 3 16446 CHECK HONORARIA EUROPE (INCLUDING ICELAND AND GREENLAND) 8 70906 CHECK HONORARIA MIDDLE EAST AND NORTH AFRICA 2 3350 CHECK HONORARIA NORTH AMERICA (CANADA & MEXICO ONLY) 16 24807 CHECK HONORARIA RUSSIA AND THE NEWLY INDEPENDENT STATES 1 1000 CHECK HONORARIA SOUTH AMERICA 1 1200 CHECK HONORARIA SOUTH ASIA 6 3964 CHECK HONORARIA SUB-SAHARAN AFRICA 1 1429 CHECK PRIZES & AWARDS CENTRAL AMERICA AND THE CARIBBEAN 3 2361 CHECK PRIZES & AWARDS EAST ASIA AND THE PACIFIC 72 67806 CHECK PRIZES & AWARDS EUROPE (INCLUDING ICELAND AND GREENLAND) 32 39232 CHECK PRIZES & AWARDS MIDDLE EAST AND NORTH AFRICA 3 1819 CHECK PRIZES & AWARDS RUSSIA AND THE NEWLY INDEPENDENT STATES 1 1000 CHECK PRIZES & AWARDS SOUTH AMERICA 7 10895 CHECK PRIZES & AWARDS SOUTH ASIA 31 103536 CHECK PRIZES & AWARDS SUB-SAHARAN AFRICA 4 14550 CHECK FELLOWSHIPS CENTRAL AMERICA AND THE CARIBBEAN 4 10778 CHECK FELLOWSHIPS EAST ASIA AND THE PACIFIC 3 12000 CHECK FELLOWSHIPS EUROPE (INCLUDING ICELAND AND GREENLAND) 24 124824 CHECK FELLOWSHIPS MIDDLE EAST AND NORTH AFRICA 2 2722 CHECK FELLOWSHIPS NORTH AMERICA (CANADA & MEXICO ONLY) 3 8057 CHECK FELLOWSHIPS RUSSIA AND THE NEWLY INDEPENDENT STATES 5 17054 CHECK FELLOWSHIPS SOUTH ASIA 8 49963 CHECK FELLOWSHIPS SUB-SAHARAN AFRICA 4 9302 CHECK true true true true true true Procedures for monitoring use of grant funds Schedule F, Part I, Line 2 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. LINE 3A SCHEDULE F, PART I, LINE 3(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. 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ADDITIONALLY, MIT DID NOT CONDUCT FUNDRAISING EVENTS PER IRS DEFINITIONS. true ALPHA CHI OMEGA 5939 CASTLE CREEK PARKWAY N DR INDIANAPOLIS IN 46250 501(C)(7) 16162 IRDF GRANT ALPHA DELTA PHI PO BOX 426097 CAMBRIDGE MA 02142 501(C)(7) 19171 IRDF GRANT ALPHA EPSILON PI 330 BEACON STREET 33 BOSTON MA 02116 501(C)(7) 15726 IRDF GRANT ALPHA PHI 188 KATERINE RD RIDGEWOOD NJ 07450 501(C)(7) 34769 IRDF GRANT BETA THETA PI PO BOX 12 TAFTSVILLE VT 05073 501(C)(7) 19683 IRDF GRANT CHI PHI 10 CREHORE DRIVE NEWTON LOWER FALLS MA 02115 501(C)(7) 21485 IRDF GRANT DELTA KAPPA EPSILON 6034 ROSE HOUSTON TX 77007 501(C)(7) 16394 IRDF GRANT DELTA TAU DELTA 246 NEPONSET STREET CANTON MA 02021 501(C)(7) 23732 IRDF GRANT DELTA UPSILON 212 FOSTER STREET LITTLETON MA 01460 501(C)(7) 18894 IRDF GRANT EPSILON THETA 259 SAINT PAUL STREET BROOKLINE MA 02446 501(C)(7) 11929 IRDF GRANT KAPPA SIGMA 11650 NW 56TH DR APT 106 CORAL SPRING FL 33076 501(C)(7) 27848 IRDF GRANT LAMBDA CHI ALPHA PO BOX 42006 PROVIDENCE RI 02940 501(C)(7) 42749 IRDF GRANT MIT STUDENT HOUSE 18 HARLOW ST ARLINGTON MA 02474 501(C)(7) 10200 IRDF GRANT NU DELTA 141 NOTTINGHILL ROAD BRIGHTON MA 02135 501(C)(7) 20922 IRDF GRANT PHI BETA EPSILON CORPORATION PO BOX 1133 NEW LONDON NH 03257 501(C)(7) 13533 IRDF GRANT PHI DELTA THETA 902 SALEM END ROAD FRAMINGHAM MA 01702 501(C)(7) 40347 IRDF GRANT PHI KAPPA SIGMA FRATERNITY 8 AVON RD WELLESLEY MA 02482 501(C)(7) 39007 IRDF GRANT PHI KAPPA THETA 229 COMMONWEALTH AVENUE BOSTON MA 02116 501(C)(7) 13420 IRDF GRANT PHI LAMBDA PHI 7 CHESSMAN DRIVE SHARON MA 02067 501(C)(7) 28075 IRDF GRANT PHI SIGMA KAPPA 1545 COLONIAL TERRACE APT 301 ARLINGTON VA 22209 501(C)(7) 22170 IRDF GRANT PIKA 69 CHESTNUT STREET CAMBRIDGE MA 02136 501(C)(7) 11331 IRDF GRANT SIGMA CHI 44 BOULDER BROOK ROAD WELLESLY MA 02481 501(C)(7) 14455 IRDF GRANT SIGMA KAPPA 8733 FOUNDERS ROAD INDIANAPOLIS IN 46268 501(C)(7) 22918 IRDF GRANT SIGMA NU 28 THE FENWAY BOSTON MA 02215 501(C)(7) 42962 IRDF GRANT TAU EPSILON PHI 253 COMMONWEALTH AVE BOSTON MA 02116 501(C)(7) 10742 IRDF GRANT THETA CHI 641 EXETER ROAD HAMPTON NH 03842 501(C)(7) 16255 IRDF GRANT THETA DELTA CHI 40 E 9TH ST APT 11G NEW YORK NY 10003 501(C)(7) 10752 IRDF GRANT THETA XI 64 BAY STATE ROAD BOSTON MA 02215 501(C)(7) 10460 IRDF GRANT WILG 130 THORNDIKE ST ARLINGTON MA 02474 501(C)(7) 12196 IRDF GRANT ZETA BETA TAU 44 IVLOO STREET UNIT 2 SOMERVILLE MA 02143 501(C)(7) 24244 IRDF GRANT ALDEN GALLERIES INCORPORATED 387 WASHINGTON ST 801 BOSTON MA 02108 6873 PRIZE/AWARD TIMBUK2 DESIGNS INC 583 SHOTWELL STREET SAN FRANCISCO CA 94110 12475 PRIZE/AWARD 0 32 TUITION SUPPORT 7513 327989000 FMV FOR TUITION HONORARIA 676 656920 PRIZES AND AWARDS 1271 2422603 PUBLIC SERVICE CENTER FELLOWSHIPS 32 104950 MIT STUDENT STIPIENDS & FELLOWSHIPS 1925 36173000 NON-MIT STUDENT FELLOWSHIPS 425 12798000 STUDENT WAGES 8136 96446000 Procedures for monitoring use of grant funds Schedule I, Part I, Line 2 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 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 CHRIS KAISER 363498 0 0 0 29490 0 37500 0 19980 0 450468 0 0 0 CLAUDE CANIZARES 306032 0 0 0 35354 0 12500 0 15678 0 369564 0 0 0 DAVID SCHMITTLEIN 611076 0 0 0 143327 0 37500 0 5721 0 797624 0 0 0 ERIC EVANS 407372 0 0 0 14695 0 32500 0 25401 0 479968 0 0 0 GLEN URBAN 271846 0 0 0 450813 0 8711 0 11079 0 742449 0 0 0 ISRAEL RUIZ 462382 0 0 0 8837 0 22500 0 25042 0 518761 0 0 0 JEFFREY NEWTON 386609 0 0 0 13015 0 47500 0 4684 0 451808 0 0 0 JOHN REED 265290 0 0 0 1125 0 0 0 4069 0 270484 0 0 0 KIRK KOLENBRANDER 263432 0 0 0 840 0 32500 0 28277 0 325049 0 0 0 L RAFAEL REIF 614665 0 0 0 56438 0 12500 0 20156 0 703759 0 0 0 MARIA ZUBER 295324 0 0 0 6212 0 32500 0 69120 0 403156 0 0 0 NELSON REPENNING 229988 0 0 0 497776 0 21366 0 21729 0 770859 0 0 0 PHILLIP CLAY 293415 0 0 0 11667 0 12500 0 19791 0 337373 0 0 0 R GREGORY MORGAN 506893 0 0 0 64960 0 37500 0 27188 0 636541 0 0 0 ROBERTO FERNANDEZ 299754 0 0 0 348240 0 37500 0 47192 0 732686 0 0 0 SETH ALEXANDER 558355 0 583546 0 30600 0 22500 0 26349 0 1221350 0 0 0 STEVEN MARSH 423666 0 310008 0 15500 0 32500 0 26507 0 808181 0 0 0 SUSAN HOCKFIELD 713106 0 0 0 884039 0 42500 0 81952 0 1721597 0 0 0 W ERIC GRIMSON 260733 0 0 0 27078 0 37500 0 31249 0 356560 0 0 0 First-class or charter travel Schedule J, Part I, Line 1a 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. Travel for companions Schedule J, Part I, Line 1a 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. Tax indemnification and gross-up payments Schedule J, Part I, Line 1a 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. Housing allowance or residence for personal use Schedule J, Part I, Line 1a THE MIT PRESIDENT IS REQUIRED TO LIVE IN AN MIT OWNED CAMPUS RESIDENCE AS A CONDITION OF EMPLOYMENT AND AS A CONVENIENCE TO MIT. IN CALENDAR YEAR 2012, PRESIDENT HOCKFIELD ONLY RESIDED ON THE MIT CAMPUS RESIDENCE FOR HALF OF THE YEAR. PRESIDENT REIF DID NOT RESIDE ON THE MIT CAMPUS RESIDENCE IN CALENDAR YEAR 2012. 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 $35,000 FOR PRESIDENT HOCKFIELD IN CALENDAR YEAR 2012. 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. Health or social club dues or initiation fees Schedule J, Part I, Line 1a 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. Personal services Schedule J, Part I, Line 1a 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. Supplemental nonqualified retirement plan Schedule J, Part I, Line 4b SEE BELOW AT OTHER REPORTABLE COMPENSATION. OTHER REPORTABLE COMPENSATION - SCHEDULE J, PART II (18) SCHEDULE J, PART I, LINE 4B AS MIT HAS REPORTED IN PRIOR YEARS, MIT PAID AN AMOUNT ANNUALLY INTO AN ACCOUNT FOR THE BENEFIT OF PRESIDENT HOCKFIELD. MIT PAID $125,000 INTO THAT ACCOUNT IN CALENDAR YEAR 2012. SHE COULD NOT ACCESS THAT ACCOUNT BEFORE SHE CEASED SERVING AS MIT'S PRESIDENT. IN ADDITION, PRESIDENT HOCKFIELD VESTED IN A PORTION OF A DEFERRED ANNUITY IN CALENDAR YEAR 2012. THE VALUE OF THE VESTED PORTION OF THE ANNUITY WAS RECORDED IN CALENDAR YEAR 2012. THE OTHER COMPONENTS OF PRESIDENT HOCKFIELD'S OTHER REPORTABLE COMPENSATION INCLUDE THE HOUSEKEEPING SERVICES PROVIDED (REFERENCED ABOVE), A HOUSING ASSISTANCE AMOUNT IN CONNECTION WITH PRESIDENT HOCKFIELD'S RELOCATION FROM GRAY HOUSE (THE MIT PRESIDENT'S HOME), AND A PENSION MATCH. IN THIS FORM 990, THESE FIVE AMOUNTS ARE INCLUDED AS "OTHER REPORTABLE COMPENSATION" (SCHEDULE J, PART II, COLUMN (B)(III)) AS REQUIRED BY IRS REGULATION. Non-fixed payments Schedule J, Part I, Line 7 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. FORM 990, PART VII SCHEDULE J, PART II 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. A MASSACHUSETTS HEALTH & EDUCATIONAL FAC 042456011 57585K3G1 2003-05-07 204790814 CONSTRUCTION/RENOVATION/REFUND 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 false false false D MASSACHUSETTS HEALTH & EDUCATIONAL FAC 042456011 57586ECM1 2008-12-10 274996289 CONSTRUCTION AND RENOVATION false false false A 17190000 0 205361235 0 0 0 1040170 0 0 204321064 0 0 2005 true false true true B 0 0 151599210 0 0 0 854243 0 0 150744967 0 0 2005 false false true true C 0 0 336035127 0 0 0 1575675 0 0 334459512 0 0 2010 false false true true D 0 0 276649117 0 0 0 1558146 0 0 275090971 0 0 2010 false false true true A false false true false true false 0.03340 0.00000 0.03340 false false 0 false true B false false true false true false 0.02990 0.00000 0.02990 false false 0 false true C false false true false true false 0.02310 0.00000 0.02310 false false 0 false true D false false true false true false 0.04180 0.00000 0.04180 false false 0 false true A false false false false false false 0.0 false false false 0.0 false false true B false false false false false false 0 false false false 0 false false true C false false false false false false 0 false false false 0 false false true D false false false false false false 0 false false false 0 false false true A true B true C true D true SCHEDULE K, PART I, LINE A SCHEDULE K, PART I 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. SCHEDULE K, PART III, LINE 3B & 3D SCHEDULE K, PART III 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 III, LINE 4 SCHEDULE K, PART III 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. SUSAN HOCKFIELD PRESIDENT MORTGAGE X 500000 500000 false true true 500000 CHILDREN'S SCHOLARSHIP CHILDREN OF QUALIFIED FACULTY 70080 SCHOLARSHIP SCHOLARSHIP SEE PART V SEE PART V SEE PART V false LINE 1 - CHILDREN'S SCHOLARSHIPS SCHEDULE L, PART III 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. PART IV SCHEDULE L, PART IV THE FOLLOWING ARE ARM'S LENGTH TRANSACTIONS BETWEEN MIT AND 3RD PARTIES WHERE AN MIT OFFICER, DIRECTOR, TRUSTEE, KEY EMPLOYEE OR HIGHLY-COMPENSATED INDIVIDUAL SERVED ON THE BOARD OF DIRECTORS OF THE 3RD PARTY OR OWNED GREATER THAN 10% OF THE 3RD PARTY. CLAUDE CANIZARES IS A KEY EMPLOYEE AND ROBERT MILLARD IS A MEMBER OF THE EXECUTIVE COMMITTEE OF MIT. BOTH ARE ALSO ON THE BOARD OF L-3 COMMUNICATIONS. MIT PROCURED EQUIPMENT FROM L-3 COMMUNICATIONS IN THE AMOUNT OF $2,001,843. L. RAFAEL REIF IS THE PRESIDENT OF MIT AND A MEMBER OF THE BOARD OF SCHLUMBERGER LIMITED. MIT RECEIVED SPONSORED RESEARCH REVENUE FROM SCHLUMBERGER LIMITED IN THE AMOUNT OF $1,587,819. JAMES CHAMPY IS A MEMBER OF THE MIT EXECUTIVE COMMITTEE AND IS ALSO A MEMBER OF THE BOARD OF ANALOG DEVICES, INC. MIT PROCURED EQUIPMENT FROM ANALOG DEVICES IN THE AMOUNT OF $103,203. MIT ALSO RECEIVED SPONSORED RESEARCH REVENUE FROM ANALOG DEVICES, INC. IN THE AMOUNT OF $265,575. SUSAN HOCKFIELD IS THE PRESIDENT OF MIT AND A MEMBER OF THE BOARD AT GENERAL ELECTRIC. MIT PROCURED GOODS FROM GENERAL ELECTRIC IN THE AMOUNT OF $10,065. MIT RECEIVED SPONSORED RESEARCH REVENUE IN THE AMOUNT OF $900,306 FROM GENERAL ELECTRIC. MIT ALSO RECEIVED INDUSTRIAL LIASON PROGRAM MEMBERSHIP REVENUE FROM GENERAL ELECTRIC IN THE AMOUNT OF $75,000. DR.THOMAS BYRNE IS AN MIT FACULTY MEMBER, MS. PAMELA EVANS IS A RESEARCH GROUP LEADER AT MIT LINCOLN LABORATORY AND MR. MATIAS SACERDOTE IS A SENIOR INVESTMENT ASSOCIATE AT MITIMCO. EACH IS A FAMILY MEMBER OF A MIT DIRECTOR, OFFICER OR KEY EMPLOYEE. IN FY 2013, THEY RECEIVED COMPENSATION AND BENEFITS IN THE AMOUNTS OF $77,105, $220,573 AND $383,530 RESPECTIVELY. X 14 0 X X X 675 22972000 MARKET VALUE X 3 702000 MARKET VALUE X EQUIPMENT 6 79500 MARKET VALUE X ARCHIVAL RECORDS 28 0 X OTHER 6 0 2 false true true Explanations of reporting method for number of contributions Schedule M, Part I ART - WORKS OF ART: NUMBER OF CONTRIBUTIONS SECURITIES - PUBLICLY TRADED: NUMBER OF CONTRIBUTIONS SECURITIES - MISCELLANEOUS: NUMBER OF CONTRIBUTIONS OTHER: NUMBER OF CONTRIBUTIONS OTHER: NUMBER OF CONTRIBUTIONS OTHER: NUMBER OF CONTRIBUTIONS Third parties used to solicit, process, or sell noncash contributions Schedule M, Part I, Line 32b 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. LINE 33 SCHEDULE M, PART I 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. Number of contributions or items contributed. Schedule M, part I, column (b), Line 1 NUMBER OF CONTRIBUTIONS Number of contributions or items contributed. Schedule M, part I, column (b), Line 4 PART VI, LINE 1A FORM 990, 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 14 MEMBERS AND MEETS 10 TIMES EACH YEAR. THE MIT CORPORATION IS A BODY CURRENTLY COMPRISED OF 75 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 RESPONSIBLITIY 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. PART VI, LINE 1B FORM 990, PART VI, LINE 1B IN SCHEDULE L, PART IV, MIT REPORTS TRANSACTIONS WITH VARIOUS COMPANIES WHOSE BOARDS OF DIRECTORS INCLUDE MEMBERS OF MIT'S GOVERNING BODY. THE REPORTED TRANSACTIONS WERE ARM'S LENGTH, COMMERCIAL TRANSACTIONS OCCURRING IN THE ORDINARY COURSE OF BUSINESS FOR BOTH MIT AND THE VARIOUS COMPANIES AND WERE IMMATERIAL TO THE INDEPENDENCE OF THOSE INDIVIDUALS. PART VI, LINE 2 FORM 990, 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. Significant changes to organizational documents Form 990, Part VI, Section A, Line 4 MIT'S BYLAWS WERE AMENDED AND MADE EFFECTIVE IN DECEMBER, 2012. THESE AMENDMENTS DEALT WITH A SERIES OF ISSUES, CHIEF OF WHICH INCLUDED: (I) CLARIFYING THE ROLE AND DUTIES OF THE CORPORATION AND CLARIFYING MIT'S EXECUTIVE COMMITTEE AS THE GOVERNING BODY THROUGH WHICH THE CORPORATION DISCHARGES MUCH OF ITS RESPONSIBILITY; (II) THE INTERFACE BETWEEN GOVERNANCE OVERSIGHT AND AUTHORITY AND FLEXIBILITY IN MATTERS OF ADMINISTRATION; (III) CERTAIN MIT STANDING COMMITTEES; AND (IV) OTHER CLARIFYING AND SIMPLIFYING CHANGES. NO DIRECT OR INDIRECT CHANGES WERE MADE TO OR OTHERWISE AFFECTED MIT'S CENTRAL TEACHING AND RESEARCH MISSION. TO VIEW THE CURRENT MIT BYLAWS, SEE HTTP://WEB.MIT.EDU/CORPORATION/BYLAWS/BYLAWS.PDF Members or stockholders electing members of governing body Form 990, Part VI, Section A, Line 7a 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. Monitoring compliance of local unit's activities Form 990, Part VI, Section B, Line 10b 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. Review of form 990 by governing body Form 990, Part VI, Section B, Line 11b 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. Conflict of interest policy Form 990, Part VI, Section B, Line 12c 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 ADHOC 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. Process used to establish compensation of top management official Form 990, Part VI, Section B, Line 15a 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. Process used to establish compensation of other officers/key employees Form 990, Part VI, Section B, Line 15b 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. Governing documents, conflict of interest policy and financial statements available to the public Form 990, Part VI, Section C, Line 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE ON MIT'S WEBSITE HTTP://WEB.MIT.EDU. Other Expenses Form 990, Part IX, Line 24 OTHER EXPENSES - TOTAL EXPENSE: XXX-XX-XXXX, PROGRAM SERVICE EXPENSE: 227450000, MANAGEMENT AND GENERAL EXPENSES: XXX-XX-XXXX, FUNDRAISING EXPENSES: 1863000; PART II, COLUMN B(III) SCHEDULE J, 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 FERNANDEZ, URBAN, REPENNING AND SCHMITTLEIN. PART II, COLUMN (C) SCHEDULE J, PART II, COLUMN (C) SCHEDULE J, PART II, COLUMN (C) DOES NOT INCLUDE $129,507 OF INCENTIVE COMPENSATION FOR MR. ALEXANDER AND $74,625 OF INCENTIVE COMPENSATION FOR MR. MARSH AWARDED IN JANUARY 2012. THESE AMOUNTS CAN INCREASE OR DECREASE DEPENDING ON THE PERFORMANCE OF THE ENDOWMENT AND ARE CONTINGENT ON CONTINUED EMPLOYMENT BY MIT. Number of contributions or items contributed. Schedule M, part I, column (b), Line 9 NUMBER OF CONTRIBUTIONS Number of contributions or items contributed. Schedule M, part I, column (b), Line 12 NUMBER OF CONTRIBUTIONS Number of contributions or items contributed. Schedule M, part I, column (b), Line other=EQUIPMENT NUMBER OF CONTRIBUTIONS Number of contributions or items contributed. Schedule M, part I, column (b), Line other=ARCHIVAL RECORDS NUMBER OF CONTRIBUTIONS Number of contributions or items contributed. Schedule M, part I, column (b), Line other=OTHER NUMBER OF CONTRIBUTIONS Number of contributions or items contributed. Schedule M, part I, column (b), Line 1 NUMBER OF CONTRIBUTIONS Number of contributions or items contributed. Schedule M, part I, column (b), Line 9 NUMBER OF CONTRIBUTIONS Number of contributions or items contributed. Schedule M, part I, column (b), Line 12 NUMBER OF CONTRIBUTIONS Number of contributions or items contributed. Schedule M, part I, column (b), Line other=EQUIPMENT NUMBER OF CONTRIBUTIONS Number of contributions or items contributed. Schedule M, part I, column (b), Line other=ARCHIVAL RECORDS NUMBER OF CONTRIBUTIONS Number of contributions or items contributed. 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