MIT Successfully Completes Campaign for a Better World | MIT News
MIT announced the conclusion of its Better World Campaign, which raised $ 6.24 billion to support the Institute’s work on some of the world’s most pressing challenges.
A total of 112,703 people and organizations contributed to the campaign, which was launched publicly in 2016 and officially ran from July 2011 to June 2021. Sixty-four percent of all donors were MIT alumni, while that more than 56,000 donors made their first donation to MIT during the campaign.
“Everywhere I traveled throughout the campaign, I was struck by the energy and enthusiasm of our alumni and friends and the depth with which the theme of a ‘better world’ resonated with them. Said President L. Rafael Reif. “They instinctively understood that this was what MIT was made for. Thanks to the enthusiastic generosity of our donors at all levels, the campaign has already fueled vital strides to address some of the world’s most pressing challenges – and I know that progress is only just beginning.
In early 2019, MIT increased the campaign’s initial fundraising target of $ 5 billion to $ 6 billion.
“Philanthropy is a powerful force for change,” says Julie A. Lucas, MIT’s vice president for resource development. “Our donors want to advance ideas that change the world and that can change life as we know it, such as when a machine learning model plays a key role in the development of a vaccine, or an exoplanet is discovered, or that breakthroughs are being made in carbon. free energy production. They do these things by making sure MIT has the resources to develop talent, seize unexpected opportunities, and pursue bold ideas. “
Strengthening MIT at its Heart
During the campaign, MIT raised $ 239 million for scholarships, a 36% increase from the previous decade. The scholarships are the foundation of MIT’s commitment to undergraduate admission regardless of need and a component of the Institute’s ability to provide a full range of support to students who have earned their place in the MIT.
In addition, $ 531 million was raised for scholarships for graduate students at MIT, a 105% increase from the previous decade. This includes 100 School of Engineering and School of Science graduate scholarships created by mathematical calculation software company MathWorks, co-founded by Jack Little ’78.
To empower MIT faculty and harness the full potential of rising stars, 90 chairs were created during the campaign.
Unrestricted giving to MIT increased 67% from the previous decade, as alumni and friends showed their confidence in MIT by donating essential resources that can be directed to where they are needed most by the MIT community. The campaign’s unrestricted funding helped advance ideas at an early stage, provide essential equipment, renovate existing buildings and supplement financial aid.
“MIT is a unique magnet for scientific and technological talent from around the world,” says W. Eric L. Grimson PhD ʼ80, Chancellor for Academic Advancement and Bernard M. Gordon Professor of Medical Engineering. “This campaign has put us on a solid footing. We have the resources to harness the creativity of our faculty and students as they tackle the world’s great problems. And this was only possible thanks to the support of our generous and far-sighted donors.
Advance problem solving and discovery
Supported by the campaign, scientists at MIT have drawn on decades of research to advance mRNA vaccines to fight Covid-19, scanned space for planets beyond our solar system, and have reaches all disciplines to meet the defining challenge of the time, climate change. MIT researchers uncover secrets of the brain and explore the use of artificial intelligence (AI) to improve health. MIT innovators have fostered entrepreneurial creativity and devised new ways to share learning across the world.
“MIT must remain the preeminent institution that it is, where the researchers, policy makers, engineers, entrepreneurs and scientists of the future are born,” says Maria Zuber, Institute Vice President of Research and Professor of geophysics EA Griswold. “It would simply be impossible without philanthropic support. Every mind can be the source of something that can change the world, and we need every great idea we can have. “
During the campaign, MIT announced the establishment of the MIT Stephen A. Schwarzman College of Computing, determined to address the global challenges and opportunities presented by the prevalence of computing and the rise of AI. An interdisciplinary center for work in computer science, AI, data science, and the social and ethical responsibilities of computing, the college will be headquartered in a new landmark building on the MIT campus.
At the McGovern Institute for Brain Research, the Hock E. Tan and K. Lisa Yang Center for Autism Research was founded to support research on the genetic, biological and neural bases of autism spectrum disorders, while the K. Lisa Yang and Hock E The Tan Center for Molecular Therapeutics in Neuroscience was launched as a major new research effort to change the way we treat brain disorders. Both centers were made possible through the engagements of Lisa Yang and Hock Tan ’75, SM ’75.
The MIT Quest for Intelligence was launched to discover the foundations of human and machine intelligence and develop technological tools to positively influence society. MIT.nano, a facility for fabricating, measuring and imaging materials at the nanoscale, has opened in the center of the campus. The Alana Down Syndrome Center was established to engage scientists and engineers with the goal of increasing understanding of the biology and neuroscience of Down syndrome and improving the health, independence and inclusion of people. suffering from this genetic disease.
The Schimmel Family Program for the Life Sciences will support the training initiative for graduates of the Department of Biology and graduate students of MIT.
Efforts supported by Community Jameel, the social enterprise organization founded and chaired by Mohammed Abdul Latif Jameel ’78, sought practical solutions to complex global problems. The Abdul Latif Jameel World Education Lab, an anchor of the MIT Open Learning, serves learners in developing countries, especially women and girls underserved by education, and a growing displaced population which includes refugees, while the Abdul Latif Jameel Clinic for Machine Learning in Health aims to develop AI technologies to revolutionize disease prevention, detection and treatment.
The King Climate Action Initiative, housed in MIT’s Abdul Latif Jameel Poverty Action Lab, rigorously studies programs that reduce the effects of climate change on vulnerable populations, then works with policymakers to scale up the most effective interventions. .
New spaces for collaboration, creativity and innovation
Kendall Square, home to one of the world’s largest concentrations of innovative businesses and community organizations, has continued to transform into a dynamic new gateway to MIT. The recently opened MIT InnovationHQ – which sits atop MIT’s new visitor center and MIT admissions center – includes more than 25,000 square feet of space for innovation and entrepreneurship activities. A new residential tower offers 454 housing units for graduate students and families with children. The MIT Museum will soon be moving to Main Street.
“Thinkers and actors, innovators and adopters are all nearby and in direct contact with one another,” says Martin A. Schmidt SM ’83, PhD ’88, Rector of the Institute and Prof. Ray and Maria Stata from Electrical Engineering and Computer Science. “Innovation today is a contact sport that requires the continuous interaction of people and ideas. This interaction is the hallmark of MIT. This is the driving force behind the incredible ongoing research and incredible buildings that this campaign has enabled. “
The Metropolitan Storage Warehouse is being converted into a modern hub for interdisciplinary design research and education, a new headquarters for the School of Architecture and Planning, and a location for the larger space community-wide manufacturing facility on campus run by MIT Project Manus. A new music building slated for completion in 2024 will move MIT’s conservatory-level music program to the West Campus area and consolidate many of its activities under one roof. The 2017 premiere of the Theater Arts Building on Vassar Street provided the Institute with its first installation dedicated to the performing arts.
A renovation of the historic Wright Brothers wind tunnel created the most advanced university wind tunnel in the country. Building 2, home of the Department of Mathematics, was consecrated as the Simons Building in honor of James H. ’58 and Marilyn Simons, whose donation enabled MIT to restore and renovate the iconic building.
Building 52, an Art Deco landmark on Memorial Drive which is the original home of the MIT Sloan School of Management and headquarters of the Department of Economics, was named for Morris ’52, SM ’53, ME ’55, and Sophie Chang, who donated to restore and renovate the building. The New Vassar Undergraduate Residence on Vassar Street, Building W46, opens the West Campus and provides students with a central residential location.
A record number of graduates committed to the Institute
During the campaign, 83% of alumni engaged with MIT through the MIT Alumni Association by making annual donations to the Institute, attending alumni events or by logging into Infinite Connection, the online portal for alumni. Over 27,000 alumni have volunteered, served on boards of directors and participated in regional clubs.
MIT’s Global Campaign for a Better World Tour, which began in October 2016, brought together Institute leaders, faculty and students in New York, San Francisco, London, Hong Kong and other cities where many alumni and supporters live and work. Over 11,650 alumni and friends participated, live or online.
“I have been grateful for the partnership and support of our alumni and friends since the very beginning of this campaign,” said President Reif. “Our mission calls us to make a better nation and a better world. The campaign will help us do just that. For me, that will be his legacy.