From MIT's financials ( https://facts.mit.edu/operating-financials/ ): Operating Revenue: $5.07B, out of which - Federal funding (sponsored support): $2.30B Operating Costs: $4.78B, out of which - Sponsored research expenditure: $2.10B Additionally, they seem to have $24.57B worth of endowed funds and get gifts and pledges of net ~$0.6B every year. Looks like they can wane off their dependence on federal funding if o…
I really find it surprising how often people bring up endowments as if they are a resource that can be spent. The purpose of an endowment is to produce revenue via investment income; that investment income is already reflected in the operating revenue under "Investment return to operations". MIT cannot and should not spend their endowment beyond this investment income; doing so would jeopardize the long-term viabilit…
Re: Regarding the Compact
#201I find it surprising that every time endowments come up, there are replies stating it can only be used in very specific tasks. As if they are written in stone and can never change, ever. Or the new money that comes in can't be used for something else.