Qubit: MIT Endowment Returns 2022
MIT's endowment returned -5.3% for FY 2022. The endowment and other investments paid out $1 billion this year covering 24% of the school's operating budget.
For example, students whose family income is less than $140k are now tuition-free at MIT.
“The Massachusetts Institute of Technology Investment Management Company (MITIMCo) announced today that MIT’s unitized pool of endowment and other MIT funds generated an investment loss of 5.3 percent during the fiscal year ending June 30, 2022, as measured using valuations received within one month of fiscal year end. At the end of the fiscal year, MIT’s endowment funds totaled $24.6 billion, excluding pledges.”
Source:
MIT releases financials and endowment figures for 2022
MIT Office of the Vice President for Finance - Report of the Treasurer 2022
Tweets and Posts:
Qubits are insights that we find and share with you.