COPY FOR PUBLIC INSPECTION PER IRC SECTION 6104
Form 990 (2011) Page 2Statement of Program Service Accomplishments Part III Check if Schedule O contains a response to any question in this Part III mmmmmmmmmmmmmmmmmmmmmmmm
1 Briefly describe the organization's mission:
2 Did the organization undertake any significant program services during the year which were not listed on theprior Form 990 or 990-EZ? Yes NommmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmIf "Yes," describe these new services on Schedule O.
3 Did the organization cease conducting, or make significant changes in how it conducts, any programservices? Yes NommmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmIf "Yes," describe these changes on Schedule O.
4 Describe the organization's program service accomplishments for each of its three largest program services, as measured byexpenses. Section 501(c)(3) and 501(c)(4) organizations and section 4947(a)(1) trusts are required to report the amount ofgrants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code: ) (Expenses $ including grants of $ ) (Revenue $ )
4b (Code: ) (Expenses $ including grants of $ ) (Revenue $ )
4c (Code: ) (Expenses $ including grants of $ ) (Revenue $ )
4d Other program services (Describe in Schedule O.)(Expenses $ including grants of $ ) (Revenue $ )
I4e Total program service expenses JSA Form 990 (2011)1E1020 1.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
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THE MISSION OF MIT IS TO ADVANCE KNOWLEDGE AND EDUCATE STUDENTS INSCIENCE, TECHNOLOGY, AND OTHER AREAS OF SCHOLARSHIP THAT WILL BESTSERVE THE NATION AND THE WORLD IN THE 21ST CENTURY.
X
X
691,903,000. 130,468,000. 579,772,000.
INSTRUCTION AND UNSPONSORED RESEARCH: MIT IS COMMITTED TOPROVIDING A WORLD-CLASS EDUCATION TO OUR APPROXIMATELY 4,400UNDERGRADUATES AND APPROXIMATELY 6,500 GRADUATE STUDENTS. THEFOCUS OF INSTRUCTION IS NOT ONLY SCIENTIFIC AND TECHNICAL, BUTINCLUDES A STRONG HUMANITIES COMPONENT AND EMPHASIZES CREATIVEPROBLEM 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.
1,306,977,000. 72,908,000. 1,290,524,000.
SPONSORED RESEARCH: MIT'S CAMBRIDGE, MA CAMPUS PROVIDES A FERTILESETTING FOR RESEARCH THAT HAS SPAWNED A HOST OF SCIENTIFICBREAKTHROUGHS AND TECHNOLOGICAL ADVANCES. PRIMARILY SPONSORED BYFEDERAL GRANTS AND CONTRACTS, RESEARCH AT MIT AIMS TO DEVELOPINNOVATIVE SOLUTIONS TO THE WORLD'S MOST DAUNTING CHALLENGES. FROMADDRESSING THE ENERGY NEEDS OF TOMORROW TO IMPROVING CANCERTHERAPIES AND MORE, MIT'S RESEARCH EFFORTS ARE ENHANCED THROUGHCREATIVE COLLABORATIONS IN INTERDISCIPLINARY LABS AND WITH LEADINGRESEARCH INSTITUTES AND CONSORTIA AROUND THE WORLD. SEE SCHEDULEO.
251,709,000. 251,709,000.
SCHOLARSHIPS AND FELLOWSHIPS (TUITION DISCOUNT): MIT'SUNDERGRADUATE FINANCIAL AID PROGRAM ENSURES THAT AN MIT EDUCATIONIS ACCESSIBLE TO ALL QUALIFIED CANDIDATES REGARDLESS OF THEIRFINANCIAL RESOURCES. MIT REMAINS DEDICATED TO PROVIDING FINANCIALAID TO MEET THE FULL COST OF AN MIT EDUCATION, BASED ON THE NEEDSOF THE FAMILY. IN 2012, APPROXIMATELY 64% OF ALL UNDERGRADUATESRECEIVED SOME TYPE OF NEED-BASED FINANCIAL AID FROM MIT. FINANCIALAID FOR GRADUATE STUDENTS INCLUDES FELLOWSHIPS, TRAINEESHIPS,TEACHING AND RESEARCH ASSISTANTSHIPS, AND LOANS.
439,074,000. 2,731,000. 8,418,000.
2,689,663,000.
3947BC A19F MIT PAGE 2
Form 990 (2011) Page 3
Checklist of Required Schedules Part IV Yes No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes,"
complete Schedule A 1
2
3
4
5
6
7
8
9
10
11a
11b
11c
11d
11e
11f
12a
12b
13
14a
14b
15
16
17
18
19
20a
20b
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmIs the organization required to complete Schedule B, Schedule of Contributors (see instructions)? mmmmmmmmmDid the organization engage in direct or indirect political campaign activities on behalf of or in opposition tocandidates for public office? If "Yes," complete Schedule C, Part ImmmmmmmmmmmmmmmmmmmmmmmmmmmSection 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h)election in effect during the tax year? If "Yes," complete Schedule C, Part IImmmmmmmmmmmmmmmmmmmmmmIs the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues,assessments, or similar amounts as defined in Revenue Procedure 98-19? If "Yes," complete Schedule C,
Part III mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmDid the organization maintain any donor advised funds or any similar funds or accounts for which donorshave the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part I mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmDid the organization receive or hold a conservation easement, including easements to preserve open space,the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part IImmmmmmmmmmDid the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes,"
complete Schedule D, Part III mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmDid the organization report an amount in Part X, line 21; serve as a custodian for amounts not listed in PartX; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes,"
complete Schedule D, Part IV mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmDid the organization, directly or through a related organization, hold assets in temporarily restrictedendowments, permanent endowments, or quasi-endowments? If "Yes," complete Schedule D, Part V mmmmmmmIf the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI,VII, VIII, IX, or X as applicable.
a
b
c
d
e
f
a
Did the organization report an amount for land, buildings, and equipment in Part X, line 10? If "Yes," complete
Schedule D, Part VI mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmDid the organization report an amount for investments—other securities in Part X, line 12 that is 5% or moreof its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIImmmmmmmmmmmmmmmmmDid the organization report an amount for investments-program related in Part X, line 13 that is 5% or moreof its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIImmmmmmmmmmmmmmmmmDid the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assetsreported in Part X, line 16? If "Yes," complete Schedule D, Part IX mmmmmmmmmmmmmmmmmmmmmmmmmmDid the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part X
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addressesthe organization's liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part X mmmmmmDid the organization obtain separate, independent audited financial statements for the tax year? If "Yes,"
complete Schedule D, Parts XI, XII, and XIIImmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmb
a
b
a
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes," and if
the organization answered "No" to line 12a, then completing Schedule D, Parts XI, XII, and XIII is optionalmmmmmmmmmmmmIs the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E mmmmmmmmmmDid the organization maintain an office, employees, or agents outside of the United States?mmmmmmmmmmmmmDid the organization have aggregate revenues or expenses of more than $10,000 from grantmaking,fundraising, business, investment, and program service activities outside the United States, or aggregateforeign investments valued at $100,000 or more? If "Yes," complete Schedule F, Parts I and IVmmmmmmmmmmmDid the organization report on Part IX, column (A), line 3, more than $5,000 of grants or assistance to anyorganization or entity located outside the United States? If "Yes," complete Schedule F, Parts II and IV mmmmmmmDid the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or assistanceto individuals located outside the United States? If "Yes," complete Schedule F, Parts III and IV mmmmmmmmmmmDid the organization report a total of more than $15,000 of expenses for professional fundraising serviceson Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I (see instructions)mmmmmmmmmmmDid the organization report more than $15,000 total of fundraising event gross income and contributions onPart VIII, lines 1c and 8a? If "Yes," complete Schedule G, Part II mmmmmmmmmmmmmmmmmmmmmmmmmmmmDid the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a?If "Yes," complete Schedule G, Part IIImmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmDid the organization operate one or more hospital facilities? If "Yes," complete Schedule H
If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return? mmmmmmmmmmmmm
mmmmmmForm 990 (2011)JSA
1E1021 1.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
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3947BC A19F MIT PAGE 3
Form 990 (2011) Page 4
Checklist of Required Schedules (continued) Part IV Yes No
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
Did the organization report more than $5,000 of grants and other assistance to any government or organizationin the United States on Part IX, column (A), line 1? If "Yes," complete Schedule I, Parts I and II 21
22
23
24a
24b
24c
24d
25a
25b
26
27
28a
28b
28c
29
30
31
32
33
34
35a
35b
36
37
38
mmmmmmmmmmmmDid the organization report more than $5,000 of grants and other assistance to individuals in the United Stateson Part IX, column (A), line 2? If "Yes," complete Schedule I, Parts I and III mmmmmmmmmmmmmmmmmmmmmmDid the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5 about compensation of theorganization's current and former officers, directors, trustees, key employees, and highest compensatedemployees? If "Yes," complete Schedule J mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
a
b
c
d
a
b
a
b
c
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than$100,000 as of the last day of the year, that was issued after December 31, 2002? If "Yes," answer lines 24b
through 24d and complete Schedule K. If “No,” go to line 25mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmDid the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?mmmmmmmDid the organization maintain an escrow account other than a refunding escrow at any time during the yearto defease any tax-exempt bonds? mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmDid the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?mmmmmmmSection 501(c)(3) and 501(c)(4) organizations. Did the organization engage in an excess benefit transactionwith a disqualified person during the year? If "Yes," complete Schedule L, Part I mmmmmmmmmmmmmmmmmmmIs the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prioryear, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?If "Yes," complete Schedule L, Part ImmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmWas a loan to or by a current or former officer, director, trustee, key employee, highly compensated employee, ordisqualified person outstanding as of the end of the organization's tax year? If "Yes," complete Schedule L, Part IImDid the organization provide a grant or other assistance to an officer, director, trustee, key employee,substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlledentity or family member of any of these persons? If "Yes," complete Schedule L, Part III mmmmmmmmmmmmmmmWas the organization a party to a business transaction with one of the following parties (see Schedule L,Part IV instructions for applicable filing thresholds, conditions, and exceptions):A current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L, Part IVmmmmmmmmA family member of a current or former officer, director, trustee, or key employee? If "Yes," complete
Schedule L, Part IVmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmAn entity of which a current or former officer, director, trustee, or key employee (or a family member thereof)was an officer, director, trustee, or direct or indirect owner? If "Yes," complete Schedule L, Part IV mmmmmmmmmDid the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualifiedconservation contributions? If "Yes," complete Schedule M mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmDid the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N,
Part ImmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmDid the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes,"
complete Schedule N, Part IImmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmDid the organization own 100% of an entity disregarded as separate from the organization under Regulationssections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part ImmmmmmmmmmmmmmmmmmmmmWas the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Parts II, III,
IV, and V, line 1 mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmma
b
Did the organization have a controlled entity within the meaning of section 512(b)(13)? mmmmmmmmmmmmmmDid the organization receive any payment from or engage in any transaction with a controlled entity within themeaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, line 2mmmmmmmmmmmmmmmmmmmmmSection 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitablerelated organization? If "Yes," complete Schedule R, Part V, line 2mmmmmmmmmmmmmmmmmmmmmmmmmmmDid the organization conduct more than 5% of its activities through an entity that is not a related organizationand that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R,
Part VI mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmDid the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11 and19? Note. All Form 990 filers are required to complete Schedule O.mmmmmmmmmmmmmmmmmmmmmmmmm
Form 990 (2011)
JSA
1E1030 1.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
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3947BC A19F MIT PAGE 4
Form 990 (2011) Page 5
Statements Regarding Other IRS Filings and Tax ComplianceCheck if Schedule O contains a response to any question in this Part V
Part V mmmmmmmmmmmmmmmmmmmmmmmYes No
1a
1b
2a
7d
1
2
3
4
5
6
7
8
9
10
11
12
13
14
a
b
c
a
b
a
b
a
b
a
b
c
a
b
a
b
c
d
e
f
g
h
a
b
a
b
a
b
a
b
a
b
c
a
b
Enter the number reported in Box 3 of Form 1096. Enter -0- if not applicablemmmmmmmmmmEnter the number of Forms W-2G included in line 1a. Enter -0- if not applicablemmmmmmmmmDid the organization comply with backup withholding rules for reportable payments to vendors andreportable gaming (gambling) winnings to prize winners? 1c
2b
3a
3b
4a
5a
5b
5c
6a
6b
7a
7b
7c
7e
7f
7g
7h
8
9a
9b
12a
13a
14a
14b
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmEnter the number of employees reported on Form W-3, Transmittal of Wage and TaxStatements, filed for the calendar year ending with or within the year covered by this return mIf at least one is reported on line 2a, did the organization file all required federal employment tax returns?Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file (see instructions)mmmmmmmDid the organization have unrelated business gross income of $1,000 or more during the year? mmmmmmmmmmIf "Yes," has it filed a Form 990-T for this year? If "No," provide an explanation in Schedule OmmmmmmmmmmmmmAt any time during the calendar year, did the organization have an interest in, or a signature or other authorityover, a financial account in a foreign country (such as a bank account, securities account, or other financialaccount)? mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
IIf “Yes,” enter the name of the foreign country:See instructions for filing requirements for Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts.Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? mmmmmmmmDid any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?If "Yes" to line 5a or 5b, did the organization file Form 8886-T? mmmmmmmmmmmmmmmmmmmmmmmmmmmmDoes the organization have annual gross receipts that are normally greater than $100,000, and did theorganization solicit any contributions that were not tax deductible?mmmmmmmmmmmmmmmmmmmmmmmmmmIf "Yes," did the organization include with every solicitation an express statement that such contributions orgifts were not tax deductible? mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmOrganizations that may receive deductible contributions under section 170(c).
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goodsand services provided to the payor?mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmIf "Yes," did the organization notify the donor of the value of the goods or services provided? mmmmmmmmmmmmDid the organization sell, exchange, or otherwise dispose of tangible personal property for which it wasrequired to file Form 8282? mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmIf "Yes," indicate the number of Forms 8282 filed during the yearmmmmmmmmmmmmmmmmDid the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?mmmDid the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?mmmIf the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?Sponsoring organizations maintaining donor advised funds and section 509(a)(3) supporting
organizations. Did the supporting organization, or a donor advised fund maintained by a sponsoringorganization, have excess business holdings at any time during the year?mmmmmmmmmmmmmmmmmmmmmmmSponsoring organizations maintaining donor advised funds.
Did the organization make any taxable distributions under section 4966?Did the organization make a distribution to a donor, donor advisor, or related person?Section 501(c)(7) organizations. Enter:Initiation fees and capital contributions included on Part VIII, line 12Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilitiesSection 501(c)(12) organizations. Enter:Gross income from members or shareholders
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10a
10b
11a
11b
12b
13b
13c
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mmmmmmmmmmmmmmmmmmmmmmmmmmGross income from other sources (Do not net amounts due or paid to other sourcesagainst amounts due or received from them.)mmmmmmmmmmmmmmmmmmmmmmmmmmmSection 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?If "Yes," enter the amount of tax-exempt interest received or accrued during the year mmmmmSection 501(c)(29) qualified nonprofit health insurance issuers.
Is the organization licensed to issue qualified health plans in more than one state?mmmmmmmmmmmmmmmmmmNote. See the instructions for additional information the organization must report on Schedule O.Enter the amount of reserves the organization is required to maintain by the states in whichthe organization is licensed to issue qualified health plansmmmmmmmmmmmmmmmmmmmmEnter the amount of reserves on handmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmDid the organization receive any payments for indoor tanning services during the tax year? mmmmmmmmmmmmmIf "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O mmmmmm
JSA Form 990 (2011)1E1040 1.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
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3947BC A19F MIT PAGE 5
Form 990 (2011) Page 6
Governance, Management, and Disclosure For each "Yes" response to lines 2 through 7b below, and for a"No" response to line 8a, 8b, or 10b below, describe the circumstances, processes, or changes in ScheduleO. See instructions.
Part VI
mmmmmmmmmmmmmmmmmmmmmmmmmmCheck if Schedule O contains a response to any question in this Part VISection A. Governing Body and Management
Yes No
1a
1b
mmmmmm1
2
3
4
5
6
7
8
a
b
a
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Enter the number of voting members of the governing body at the end of the tax year. If there arematerial differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.Enter the number of voting members included in line 1a, above, who are independentmmmmmm
2
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5
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7a
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8a
8b
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11a
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15a
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16a
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Did any officer, director, trustee, or key employee have a family relationship or a business relationship withany other officer, director, trustee, or key employee? mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmDid the organization delegate control over management duties customarily performed by or under the directsupervision of officers, directors, or trustees, or key employees to a management company or other person? mmmDid the organization make any significant changes to its governing documents since the prior Form 990 was filed?Did the organization become aware during the year of a significant diversion of the organization's assets?Did the organization have members or stockholders?
mmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmDid the organization have members, stockholders, or other persons who had the power to elect or appointone or more members of the governing body?mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmAre any governance decisions of the organization reserved to (or subject to approval by) members,stockholders, or persons other than the governing body?mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmDid the organization contemporaneously document the meetings held or written actions undertaken duringthe year by the following:The governing body?Each committee with authority to act on behalf of the governing body?
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
9 Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached atthe organization's mailing address? If "Yes," provide the names and addresses in Schedule O mmmmmmmmmmmm
Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)Yes No
10
11
12
13
14
15
16
a
b
a
b
a
b
c
a
b
a
b
Did the organization have local chapters, branches, or affiliates? mmmmmmmmmmmmmmmmmmmmmmmmmmmIf "Yes," did the organization have written policies and procedures governing the activities of such chapters,affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?mmmmHas the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form?mmDescribe in Schedule O the process, if any, used by the organization to review this Form 990. Did the organization have a written conflict of interest policy? If "No," go to line 13 mmmmmmmmmmmmmmmmmWere officers, directors, or trustees, and key employees required to disclose annually interests that could giverise to conflicts? mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmDid the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes,"
describe in Schedule O how this was done mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmDid the organization have a written whistleblower policy?Did the organization have a written document retention and destruction policy?Did the process for determining compensation of the following persons include a review and approval byindependent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?The organization's CEO, Executive Director, or top management officialOther officers or key employees of the organizationIf "Yes" to line 15a or 15b, describe the process in Schedule O (see instructions.)
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangementwith a taxable entity during the year?mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmIf "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate itsparticipation in joint venture arrangements under applicable federal tax law, and take steps to safeguard theorganization's exempt status with respect to such arrangements? mmmmmmmmmmmmmmmmmmmmmmmmmm
Section C. Disclosure
I17
18
19
20
List the states with which a copy of this Form 990 is required to be filedSection 6104 requires an organization to make its Forms 1023 (or 1024 if applicable), 990, and 990-T (Section 501(c)(3)s only)available for public inspection. Indicate how you made these available. Check all that apply.
Own website Another's website Upon request
Describe in Schedule O whether (and if so, how), the organization made its governing documents, conflict of interest policy,and financial statements available to the public during the tax year.State the name, physical address, and telephone number of the person who possesses the books and records of the
Iorganization:JSA Form 990 (2011)
1E1042 1.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
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BASIL A STEWART 77 MASSACHUSETTS AVENUE; NE49-3142 CAMBRIDGE, MA 02139 617-253-2777
3947BC A19F MIT PAGE 6
Form 990 (2011) Page 7
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, andIndependent Contractors
Part VII
Check if Schedule O contains a response to any question in this Part VII mmmmmmmmmmmmmmmmmmmmSection A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within theorganization's tax year.
%%%
%%
List all of the organization's current officers, directors, trustees (whether individuals or organizations), regardless of amountof compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.
List all of the organization's current key employees, if any. See instructions for definition of "key employee."List the organization's five current highest compensated employees (other than an officer, director, trustee, or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from theorganization and any related organizations.
List all of the organization's former officers, key employees, and highest compensated employees who received more than$100,000 of reportable compensation from the organization and any related organizations.
List all of the organization's former directors or trustees that received, in the capacity as a former director or trustee of theorganization, more than $10,000 of reportable compensation from the organization and any related organizations.
List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highestcompensated employees; and former such persons.
Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.
(A) (B) (C) (D) (E) (F)
Name and Title Averagehours per
week
Position(do not check more than onebox, unless person is both anofficer and a director/trustee)
Reportablecompensation
fromthe
organization(W-2/1099-MISC)
Reportablecompensation from
relatedorganizations
(W-2/1099-MISC)
Estimatedamount of
othercompensation
from theorganizationand related
organizations
(describehours forrelated
organizationsin Schedule
O)
Individual trusteeor director
Institutional trustee
Officer
Key employee
Highest com
pensatedem
ployee
Former
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
Form 990 (2011)JSA
1E1041 1.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
X
DENIS BOVINEXECUTIVE COMMITTEE MEMBER 5.00 X 0 0 0JAMES CHAMPYEXECUTIVE COMMITTEE MEMBER 5.00 X 0 0 0LAWRENCE FISHEXECUTIVE COMMITTEE MEMBER 5.00 X 0 0 0ROBERT MILLARDEXECUTIVE COMMITTEE MEMBER 5.00 X 0 0 0A. NEIL PAPPALARDOEXECUTIVE COMMITTEE MEMBER 5.00 X 0 0 0BARRIE ZESIGEREXECUTIVE COMMITTEE MEMBER 5.00 X 0 0 0JOHN REEDCHAIRMAN OF THE CORPORATION 30.00 X X 255,220. 0 5,156.SUSAN HOCKFIELDPRESIDENT 60.00 X X 1,042,110. 0 157,767.THERESA STONE (OUTGOING)EXECUTIVE VP & TREASURER 60.00 X X 569,496. 0 17,317.ISRAEL RUIZ (INCOMING)EXECUTIVE VP & TREASURER 60.00 X X 331,156. 0 46,710.DIANE GREENEEXECUTIVE COMMITTEE MEMBER 5.00 X 0 0 0HENRICUS TERMEEREXECUTIVE COMMITTEE MEMBER 5.00 X 0 0 0ARTHUR SAMBERGEXECUTIVE COMMITTEE MEMBER 5.00 X 0 0 0KIRK KOLENBRANDERVP & SECRETARY OF THE CORP. 60.00 X 244,266. 0 60,426.
3947BC A19F MIT PAGE 7
Form 990 (2011) Page 8
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued) Part VII
(A) (B) (C) (D) (E) (F)
Estimatedamount of
othercompensation
from theorganizationand related
organizations
Name and title Averagehours per
week(describe hours forrelated
organizationsin Schedule
O)
Position(do not check more than onebox, unless person is both anofficer and a director/trustee)
Reportablecompensation
fromthe
organization(W-2/1099-MISC)
Reportablecompensation from
relatedorganizations
(W-2/1099-MISC)
Individual trusteeor director
Institutional trustee
Officer
Key employee
Highest com
pensatedem
ployee
Former
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmI1b Sub-total
mmmmmmmmmmmmmIc Total from continuation sheets to Part VII, Section AmmmmmmmmmmmmmmmmmmmmmmmmmmmmId Total (add lines 1b and 1c)
2 Total number of individuals (including but not limited to those listed above) who received more than $100,000 ofreportable compensation from the organization I
Yes No
3 Did the organization list any former officer, director, or trustee, key employee, or highest compensatedemployee on line 1a? If "Yes," complete Schedule J for such individual 3mmmmmmmmmmmmmmmmmmmmmmmmmm
4 For any individual listed on line 1a, is the sum of reportable compensation and other compensation from theorganization and related organizations greater than $150,000? If “Yes,” complete Schedule J for suchindividual 4mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
5 Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individualfor services rendered to the organization? If “Yes,” complete Schedule J for such person 5mmmmmmmmmmmmmmmm
Section B. Independent Contractors
1 Complete this table for your five highest compensated independent contractors that received more than $100,000 ofcompensation from the organization. Report compensation for the calendar year ending with or within the organization's taxyear.
(A)Name and business address
(B)Description of services
(C)Compensation
2 Total number of independent contractors (including but not limited to those listed above) who receivedmore than $100,000 in compensation from the organizationI
JSA Form 990 (2011)1E1055 2.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
( 15) SETH ALEXANDERPRESIDENT OF MITIMCO 60.00 X 1,128,025. 0 47,916.
( 16) R. GREGORY MORGANVP & GENERAL COUNSEL 60.00 X 544,123. 0 68,064.
( 17) JEFFREY NEWTONVP OF RESOURCE DEVELOPMENT 60.00 X 386,613. 0 46,829.
( 18) L. RAFAEL REIFPROVOST 60.00 X 593,132. 0 65,153.
( 19) CLAUDE CANIZARESVICE PRESIDENT FOR RESEARCH 60.00 X 332,889. 0 24,003.
( 20) ERIC EVANSDIRECTOR OF LINCOLN LAB 60.00 X 396,964. 0 56,908.
( 21) W. ERIC GRIMSONCHANCELLOR 60.00 X 274,417. 0 67,583.
( 22) DAVID SCHMITTLEINDEAN SLOAN SCHOOL OF MGMT 60.00 X 733,502. 0 43,557.
( 23) NELSON REPENNINGPROFESSOR SLOAN SCHOOL OF MGMT 60.00 X 685,771. 0 49,559.
( 24) STEVEN MARSHMANAGING DIRECTOR - MITIMCO 60.00 X 676,408. 0 57,773.
( 25) STEVE EPPINGERPROFESSOR SLOAN SCHOOL OF MGMT 60.00 X 682,396. 0 60,942.
2,442,248. 0 287,376.7,409,056. 0 717,721.9,851,304. 0 1,005,097.
2466
X
X
X
ATTACHMENT 1
571
3947BC A19F MIT PAGE 8
Form 990 (2011) Page 8
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued) Part VII
(A) (B) (C) (D) (E) (F)
Estimatedamount of
othercompensation
from theorganizationand related
organizations
Name and title Averagehours per
week(describe hours forrelated
organizationsin Schedule
O)
Position(do not check more than onebox, unless person is both anofficer and a director/trustee)
Reportablecompensation
fromthe
organization(W-2/1099-MISC)
Reportablecompensation from
relatedorganizations
(W-2/1099-MISC)
Individual trusteeor director
Institutional trustee
Officer
Key employee
Highest com
pensatedem
ployee
Former
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmI1b Sub-total
mmmmmmmmmmmmmIc Total from continuation sheets to Part VII, Section AmmmmmmmmmmmmmmmmmmmmmmmmmmmmId Total (add lines 1b and 1c)
2 Total number of individuals (including but not limited to those listed above) who received more than $100,000 ofreportable compensation from the organization I
Yes No
3 Did the organization list any former officer, director, or trustee, key employee, or highest compensatedemployee on line 1a? If "Yes," complete Schedule J for such individual 3mmmmmmmmmmmmmmmmmmmmmmmmmm
4 For any individual listed on line 1a, is the sum of reportable compensation and other compensation from theorganization and related organizations greater than $150,000? If “Yes,” complete Schedule J for suchindividual 4mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
5 Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individualfor services rendered to the organization? If “Yes,” complete Schedule J for such person 5mmmmmmmmmmmmmmmm
Section B. Independent Contractors
1 Complete this table for your five highest compensated independent contractors that received more than $100,000 ofcompensation from the organization. Report compensation for the calendar year ending with or within the organization's taxyear.
(A)Name and business address
(B)Description of services
(C)Compensation
2 Total number of independent contractors (including but not limited to those listed above) who receivedmore than $100,000 in compensation from the organizationI
JSA Form 990 (2011)1E1055 2.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
2466
X
X
X
( 26) RICHARD LOCKEDEPT HEAD & PROFESSOR 60.00 X 656,078. 0 97,351.
( 27) PHILLIP CLAY (FORMER KEY EMPLOYEE)PROFESSOR 60.00 X 318,738. 0 32,083.
3947BC A19F MIT PAGE 9
Form 990 (2011) Page 9
Statement of Revenue(C)
Unrelatedbusinessrevenue
Part VIII (B)
Related orexemptfunctionrevenue
(D)Revenue
excluded from taxunder sections
512, 513, or 514
(A)
Total revenue
1a
1b
1c
1d
1e
1f
1a
b
c
d
e
f
g
2a
b
c
d
e
f
6a
b
c
b
c
8a
b
9a
b
10a
b
11a
b
c
d
e
Federated campaignsMembership duesFundraising eventsRelated organizationsGovernment grants (contributions)All other contributions, gifts, grants,
and similar amounts not included above
Noncash contributions included in lines 1a-1f:
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmm
$
Co
ntr
ibu
tio
ns,
Gif
ts,
Gra
nts
an
d O
the
r S
imil
ar
Am
ou
nts
Ih Total. Add lines 1a-1fmmmmmmmmmmmmmmmmmmmBusiness Code
All other program service revenuemmmmmIg Total. Add lines 2a-2fP
rog
ram
Serv
ice R
even
ue
mmmmmmmmmmmmmmmmmmm3
4
5
Investment income (including dividends, interest, andother similar amounts)Income from investment of tax-exempt bond proceedsRoyalties
III
I
I
I
I
I
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
(i) Real (ii) Personal
Gross rentsLess: rental expensesRental income or (loss)
mmmmmmmmmmmmm
d Net rental income or (loss)mmmmmmmmmmmmmmmmm(i) Securities (ii) Other
7a Gross amount from sales ofassets other than inventoryLess: cost or other basisand sales expensesGain or (loss)
mmmmmmmmmmm
d Net gain or (loss) mmmmmmmmmmmmmmmmmmmmmGross income from fundraisingevents (not including $of contributions reported on line 1c).See Part IV, line 18Less: direct expenses
mmmmmmmmmmma
b
a
b
a
b
mmmmmmmmmmc Net income or (loss) from fundraising eventsmmmmmmmmO
the
r R
even
ue
Gross income from gaming activities.See Part IV, line 19 mmmmmmmmmmmLess: direct expenses mmmmmmmmmm
c Net income or (loss) from gaming activitiesmmmmmmmmmGross sales of inventory, lessreturns and allowances mmmmmmmmmLess: cost of goods soldmmmmmmmmm
c Net income or (loss) from sales of inventorymmmmmmmmmMiscellaneous Revenue Business Code
All other revenueTotal. Add lines 11a-11d
mmmmmmmmmmmmmImmmmmmmmmmmmmmmmmI12 mmmmmmmmmmmmmmTotal revenue. See instructions
Form 990 (2011)JSA1E1051 1.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
2,161,000.
397,920,000.
494,466,000.
24,544,000.
894,547,000.
SPONSORED RESEARCH CONTRACTS 900099 1,099,586,000. 1,099,586,000.
FEES AND SERVICES 221000 91,023,000. 88,476,000. 2,547,000.
OTHER PROGRAMS 900099 45,437,000. 45,437,000.
TUITION 900099 534,335,000. 534,335,000.
1,770,381,000.
84,578,000. 11,218,000. 73,360,000.
0
128,368,000. 128,368,000.
68,213,000.
20,625,000.
47,588,000.
47,588,000. 47,588,000.
52,636,403,000.
52,314,763,000.
321,640,000.
321,640,000. 321,640,000.
0
0
0
AUXILIARY ENTERPRISES 511120 101,761,000. 101,484,000. 277,000.
CHANGE IN LIFE INCOME FUNDS 900099 6,572,000. 6,572,000.
108,333,000.
3,355,435,000. 1,875,890,000. 14,042,000. 570,956,000.
3947BC A19F MIT PAGE 10
Form 990 (2011) Page 10
Statement of Functional Expenses Part IX
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A) but are not required to complete columns (B), (C), and (D).
Check if Schedule O contains a response to any question in this Part IXmmmmmmmmmmmmmmmmmmmmmmmmmm(A) (B) (C) (D)Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII.Total expenses Program service
expensesManagement andgeneral expenses
Fundraisingexpenses
Grants and other assistance to governments andorganizations in the United States. See Part IV, line 2 1
1 mGrants and other assistance to individuals inthe United States. See Part IV, line 22
2 mmmmmm3 Grants and other assistance to governments,
organizations, and individuals outside theUnited States. See Part IV, lines 15 and 16mmmmBenefits paid to or for members4 mmmmmmmmm
5 Compensation of current officers, directors,trustees, and key employees mmmmmmmmmm
6 Compensation not included above, to disqualifiedpersons (as defined under section 4958(f)(1)) andpersons described in section 4958(c)(3)(B)mmmmmmOther salaries and wages7 mmmmmmmmmmmm
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions)mmmmmm
9 Other employee benefitsPayroll taxesFees for services (non-employees):ManagementLegalAccountingLobbying
mmmmmmmmmmmm10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
mmmmmmmmmmmmmmmmmma
b
c
d
e
f
g
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
Professional fundraising services. See Part IV, line 1 7Investment management fees mmmmmmmmmOtherAdvertising and promotionOffice expensesInformation technology
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmm
RoyaltiesOccupancyTravel
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
Payments of travel or entertainment expensesfor any federal, state, or local public officialsConferences, conventions, and meetingsInterestPayments to affiliatesDepreciation, depletion, and amortizationInsurance
mmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmOther expenses. Itemize expenses not coveredabove (List miscellaneous expenses in line 24e. Ifline 24e amount exceeds 10% of line 25, column(A) amount, list line 24e expenses on Schedule O.)
a
b
c
d
e All other expenses25 Total functional expenses. Add lines 1 through 24e26 Joint costs. Complete this line only if the
organization reported in column (B) joint costsfrom a combined educational campaign and
Ifundraising solicitation. Check here iffollowing SOP 98-2 (ASC 958-720) mmmmmmm
JSA Form 990 (2011)1E1052 1.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
980,000. 980,000.
455,085,000. 455,085,000.
1,751,000. 1,751,000.0
6,421,000. 1,109,000. 4,539,000. 773,000.
678,000. 373,000. 305,000.954,644,000. 782,472,000. 156,677,000. 15,495,000.
29,655,000. 24,483,000. 4,985,000. 187,000.138,518,000. 112,530,000. 23,461,000. 2,527,000.65,885,000. 54,152,000. 11,025,000. 708,000.
36,986,000. 25,731,000. 11,255,000.20,262,000. 495,000. 19,767,000.
788,000. 16,000. 772,000.0
358,000. 358,000.18,871,000. 18,871,000.51,936,000. 26,852,000. 25,084,000.6,709,000. 5,400,000. 1,309,000.
27,296,000. 18,290,000. 8,075,000. 931,000.46,304,000. 36,371,000. 9,333,000. 600,000.37,514,000. 18,654,000. 18,860,000.23,022,000. 17,831,000. 5,166,000. 25,000.69,336,000. 62,383,000. 5,097,000. 1,856,000.
033,889,000. 29,026,000. 4,070,000. 793,000.
107,689,000. 93,466,000. 14,118,000. 105,000.1,676,000. 1,676,000.
123,010,000. 105,509,000. 17,326,000. 175,000.55,640,000. 44,441,000. 11,199,000.
PENSION RELATED 394,469,000. 327,694,000. 66,775,000.SUBRECIPIENT AGREEMENTS 118,892,000. 118,892,000.FACILITIES CHARGES 102,736,000. 55,651,000. 45,372,000. 1,713,000.EQUIPMENT RENTAL AND MAIN 107,167,000. 84,241,000. 22,777,000. 149,000.
346,436,000. 184,109,000. 160,613,000. 1,714,000.ATTACHMENT 23,384,603,000. 2,689,663,000. 666,831,000. 28,109,000.
0
3947BC A19F MIT PAGE 11
Form 990 (2011) Page 11
Balance SheetPart X (A)
Beginning of year(B)
End of year
Cash - non-interest-bearingSavings and temporary cash investmentsPledges and grants receivable, netAccounts receivable, net
1
2
3
4
5
1
2
3
4
5
6
7
8
9
10c
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
Receivables from current and former officers, directors, trustees, keyemployees, and highest compensated employees. Complete Part II ofSchedule LmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmReceivables from other disqualified persons (as defined under section4958(f)(1)), persons described in section 4958(c)(3)(B), and contributingemployers and sponsoring organizations of section 501(c)(9) voluntaryemployees' beneficiary organizations (see instructions)
6
mmmmmmmmmmmmNotes and loans receivable, netInventories for sale or usePrepaid expenses and deferred charges
7
8
9
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmm10a
10b
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
a Land, buildings, and equipment: cost orother basis. Complete Part VI of Schedule DLess: accumulated depreciationb
Investments - publicly traded securitiesInvestments - other securities. See Part IV, line 11Investments - program-related. See Part IV, line 11Intangible assetsOther assets. See Part IV, line 11Total assets. Add lines 1 through 15 (must equal line 34)
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
As
se
ts
Accounts payable and accrued expensesGrants payableDeferred revenueTax-exempt bond liabilities
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
Escrow or custodial account liability. Complete Part IV of Schedule DPayables to current and former officers, directors, trustees, keyemployees, highest compensated employees, and disqualified persons.Complete Part II of Schedule LL
iab
ilit
ies
mmmmmmmmmmmmmmmmmmmmmmmmmSecured mortgages and notes payable to unrelated third partiesUnsecured notes and loans payable to unrelated third parties
mmmmmmmmmmmmmmmm
Other liabilities (including federal income tax, payables to related thirdparties, and other liabilities not included on lines 17-24). Complete Part Xof Schedule D mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
ITotal liabilities. Add lines 17 through 25mmmmmmmmmmmmmmmmmmmm
and completeOrganizations that follow SFAS 117, check herelines 27 through 29, and lines 33 and 34.
27
28
29
30
31
32
33
34
Unrestricted net assetsTemporarily restricted net assetsPermanently restricted net assets
Capital stock or trust principal, or current fundsPaid-in or capital surplus, or land, building, or equipment fundRetained earnings, endowment, accumulated income, or other fundsTotal net assets or fund balancesTotal liabilities and net assets/fund balances
27
28
29
30
31
32
33
34
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
Immmmmmmmmmmmmmmmmmmmmmmm
andOrganizations that do not follow SFAS 117, check herecomplete lines 30 through 34.
mmmmmmmmmmmmmmmmmmmmmmmmmmmm
Ne
t A
ss
ets
or
Fu
nd
Bala
nces
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmForm 990 (2011)
JSA1E1053 1.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
104,974,000. 224,890,000.1,156,826,000. 1,599,874,000.
491,376,000. 546,383,000.260,216,000. 207,676,000.
218,000. 890,000.
0 049,539,000. 49,529,000.5,783,000. 6,031,000.
64,206,000. 87,583,000.
3543466000.1047021000. 2,444,909,000. 2,496,445,000.
1,635,778,000. 1,141,480,000.9,669,938,000. 10408448000.
0 00 0
113,715,000. 015997478000. 16769229000.446,052,000. 460,763,000.
0 029,189,000. 83,580,000.
1,481,636,000. 1,473,764,000.0 0
0 0985,598,000. 986,238,000.
591,000. 301,000.
922,329,000. 1,216,527,000.3,865,395,000. 4,221,173,000.
X
4,629,673,000. 4,637,664,000.5,044,519,000. 5,297,554,000.2,457,891,000. 2,612,838,000.
12132083000. 12548056000.15997478000. 16769229000.
3947BC A19F MIT PAGE 12
Form 990 (2011) Page 12Reconciliation of Net Assets Part XI Check if Schedule O contains a response to any question in this Part XI mmmmmmmmmmmmmmmmmmmmmmm
1
2
3
4
5
1
2
3
4
5
6
Total revenue (must equal Part VIII, column (A), line 12) mmmmmmmmmmmmmmmmmmmmmmmmmmTotal expenses (must equal Part IX, column (A), line 25) mmmmmmmmmmmmmmmmmmmmmmmmmmRevenue less expenses. Subtract line 2 from line 1 mmmmmmmmmmmmmmmmmmmmmmmmmmmmNet assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) mmmmmmmmOther changes in net assets or fund balances (explain in Schedule O) mmmmmmmmmmmmmmmmmmNet assets or fund balances at end of year. Combine lines 3, 4, and 5 (must equal Part X, line 33,column (B)) mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm6
Financial Statements and Reporting Part XII Check if Schedule O contains a response to any question in this Part XII mmmmmmmmmmmmmmmmmmmmmm
Yes No
1
2
3
Accounting method used to prepare the Form 990: Cash Accrual OtherIf the organization changed its method of accounting from a prior year or checked "Other," explain inSchedule O.
mmmmmmmmmmmmmmmmmmmmmmmm
mmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
2a
2b
2c
3a
3b
a
b
c
d
a
b
Were the organization's financial statements compiled or reviewed by an independent accountant?Were the organization's financial statements audited by an independent accountant?If "Yes" to line 2a or 2b, does the organization have a committee that assumes responsibility for oversightof the audit, review, or compilation of its financial statements and selection of an independent accountant?If the organization changed either its oversight process or selection process during the tax year, explain inSchedule O.If "Yes" to line 2a or 2b, check a box below to indicate whether the financial statements for the year wereissued on a separate basis, consolidated basis, or both:
Both consolidated and separate basisSeparate basis Consolidated basisAs a result of a federal award, was the organization required to undergo an audit or audits as set forth inthe Single Audit Act and OMB Circular A-133?If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo therequired audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits
Form 990 (2011)
JSA1E1054 1.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
X
3,355,435,000.3,384,603,000.
-29,168,000.12,132,083,000.
445,141,000.
12,548,056,000.
X
XX
X
X
X
X
3947BC A19F MIT PAGE 13
OMB No. 1545-0047SCHEDULE A Public Charity Status and Public Support(Form 990 or 990-EZ)
Complete if the organization is a section 501(c)(3) organization or a section4947(a)(1) nonexempt charitable trust.
À¾µµDepartment of the Treasury Open to Public
Inspection I IAttach to Form 990 or Form 990-EZ. See separate instructions.Internal Revenue Service
Name of the organization Employer identification number
Reason for Public Charity Status (All organizations must complete this part.) See instructions. Part I The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)
1
2
3
4
5
6
7
8
9
10
11
A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i).
A school described in section 170(b)(1)(A)(ii). (Attach Schedule E.)A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii).
A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter thehospital's name, city, and state:An organization operated for the benefit of a college or university owned or operated by a governmental unit described insection 170(b)(1)(A)(iv). (Complete Part II.)A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v).
An organization that normally receives a substantial part of its support from a governmental unit or from the general publicdescribed in section 170(b)(1)(A)(vi). (Complete Part II.)A community trust described in section 170(b)(1)(A)(vi). (Complete Part II.)An organization that normally receives: (1) more than 331/3 % of its support from contributions, membership fees, and grossreceipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 331/3% of itssupport from gross investment income and unrelated business taxable income (less section 511 tax) from businessesacquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)An organization organized and operated exclusively to test for public safety. See section 509(a)(4).
An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out thepurposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section
509(a)(3). Check the box that describes the type of supporting organization and complete lines 11e through 11h.a Type I b Type II c Type III - Functionally integrated d Type III - Other
e
f
g
h
By checking this box, I certify that the organization is not controlled directly or indirectly by one or more disqualifiedpersons other than foundation managers and other than one or more publicly supported organizations described in section509(a)(1) or section 509(a)(2).If the organization received a written determination from the IRS that it is a Type I, Type II, or Type III supportingorganization, check this boxmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmSince August 17, 2006, has the organization accepted any gift or contribution from any of thefollowing persons?
Yes No(i)
(ii)
(iii)
A person who directly or indirectly controls, either alone or together with persons described in (ii)and (iii) below, the governing body of the supported organization? 11g(i)
11g(ii)
11g(iii)
mmmmmmmmmmmmmmmmmmmmmA family member of a person described in (i) above?A 35% controlled entity of a person described in (i) or (ii) above?
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
Provide the following information about the supported organization(s).(i) Name of supported
organization(ii) EIN (iii) Type of organization
(described on lines 1-9above or IRC section(see instructions))
(iv) Is theorganization incol. (i) listed inyour governing
document?
(v) Did you notifythe organization
in col. (i) ofyour support?
(vi) Is theorganization in
col. (i) organizedin the U.S.?
(vii) Amount of support
Yes No Yes No Yes No
(A)
(B)
(C)
(D)
(E)
Total
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Schedule A (Form 990 or 990-EZ) 2011
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3947BC A19F MIT PAGE 14
Schedule A (Form 990 or 990-EZ) 2011 Page 2
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify underPart III. If the organization fails to qualify under the tests listed below, please complete Part III.)
Part II
Section A. Public Support(a) 2007 (b) 2008 (c) 2009 (d) 2010 (e) 2011 (f) TotalICalendar year (or fiscal year beginning in)
1 Gifts, grants, contributions, andmembership fees received. (Do notinclude any "unusual grants.")mmmmmm
2 Tax revenues levied for theorganization's benefit and either paidto or expended on its behalfmmmmmmm
3 The value of services or facilitiesfurnished by a governmental unit to theorganization without chargemmmmmmm
4 Total. Add lines 1 through 3mmmmmmm5 The portion of total contributions by
each person (other than agovernmental unit or publiclysupported organization) included online 1 that exceeds 2% of the amountshown on line 11, column (f)mmmmmmm
6 Public support. Subtract line 5 from line 4.Section B. Total Support
(a) 2007 (b) 2008 (c) 2009 (d) 2010 (e) 2011 (f) TotalICalendar year (or fiscal year beginning in)
7 Amounts from line 4 mmmmmmmmmm8 Gross income from interest, dividends,
payments received on securities loans,rents, royalties and income from similarsourcesmmmmmmmmmmmmmmmmm
9 Net income from unrelated businessactivities, whether or not the businessis regularly carried onmmmmmmmmmm
10 Other income. Do not include gain orloss from the sale of capital assets(Explain in Part IV.) mmmmmmmmmmm
11 Total support. Add lines 7 through 10Gross receipts from related activities, etc. (see instructions)
mm12
14
15
12 mmmmmmmmmmmmmmmmmmmmmmmmmm13 First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3)
I
II
I
II
organization, check this box and stop here mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmSection C. Computation of Public Support Percentage
%%
14 Public support percentage for 2011 (line 6, column (f) divided by line 11, column (f))Public support percentage from 2010 Schedule A, Part II, line 14
mmmmmmmm15 mmmmmmmmmmmmmmmmmmm16a 331/3 % support test - 2011. If the organization did not check the box on line 13, and line 14 is 331/3 % or more, check
this box and stop here. The organization qualifies as a publicly supported organization mmmmmmmmmmmmmmmmmmmmb 331/3 % support test - 2010. If the organization did not check a box on line 13 or 16a, and line 15 is 331/3 % or more,
check this box and stop here. The organization qualifies as a publicly supported organizationmmmmmmmmmmmmmmmmm17a 10%-facts-and-circumstances test - 2011. If the organization did not check a box on line 13, 16a, or 16b, and line 14 is
10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain inPart IV how the organization meets the "facts-and-circumstances” test. The organization qualifies as a publicly supportedorganizationmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
b 10%-facts-and-circumstances test - 2010. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here.
Explain in Part IV how the organzation meets the "facts-and-circumstances" test. The organization qualifies as a publiclysupported organizationmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
18 Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and seeinstructionsmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
Schedule A (Form 990 or 990-EZ) 2011
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Schedule A (Form 990 or 990-EZ) 2011 Page 3
Support Schedule for Organizations Described in Section 509(a)(2)(Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part II.If the organization fails to qualify under the tests listed below, please complete Part II.)
Part III
Section A. Public Support(a) 2007 (b) 2008 (c) 2009 (d) 2010 (e) 2011 (f) TotalICalendar year (or fiscal year beginning in)
1 Gifts, grants, contributions, and membership fees
received. (Do not include any "unusual grants.")
2 Gross receipts from admissions, merchandise
sold or services performed, or facilities
furnished in any activity that is related to the
organization's tax-exempt purposemmmmmm3 Gross receipts from activities that are not an
unrelated trade or business under section 513m4 Tax revenues levied for the
organization's benefit and either paidto or expended on its behalfmmmmmmm
5 The value of services or facilitiesfurnished by a governmental unit to theorganization without chargemmmmmmm
6 Total. Add lines 1 through 5mmmmmmm7a Amounts included on lines 1, 2, and 3
received from disqualified personsmmmmb Amounts included on lines 2 and 3
received from other than disqualifiedpersons that exceed the greater of $5,000or 1% of the amount on line 13 for the year
c Add lines 7a and 7bmmmmmmmmmmm8 Public support (Subtract line 7c from
line 6.) mmmmmmmmmmmmmmmmmSection B. Total Support
(a) 2007 (b) 2008 (c) 2009 (d) 2010 (e) 2011 (f) TotalICalendar year (or fiscal year beginning in)
9 Amounts from line 6mmmmmmmmmmm10a Gross income from interest, dividends,
payments received on securities loans,rents, royalties and income from similarsourcesmmmmmmmmmmmmmmmmm
b Unrelated business taxable income (lesssection 511 taxes) from businessesacquired after June 30, 1975 mmmmmm
c Add lines 10a and 10b mmmmmmmmm11 Net income from unrelated business
activities not included in line 10b,whether or not the business is regularlycarried on mmmmmmmmmmmmmmm
12 Other income. Do not include gain orloss from the sale of capital assets(Explain in Part IV.) mmmmmmmmmmm
13 Total support. (Add lines 9, 10c, 11,and 12.) mmmmmmmmmmmmmmmm
14 First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3)organization, check this box and stop here Immmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
Section C. Computation of Public Support Percentage15
16
Public support percentage for 2011 (line 8, column (f) divided by line 13, column (f))Public support percentage from 2010 Schedule A, Part III, line 15
15
16
17
18
%%
%%
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmSection D. Computation of Investment Income Percentage17
18
19
20
Investment income percentage for 2011 (line 10c, column (f) divided by line 13, column (f))Investment income percentage from 2010 Schedule A, Part III, line 17
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
a
b
331/3 % support tests - 2011. If the organization did not check the box on line 14, and line 15 is more than 331/3 %, and line
I17 is not more than 331/3 %, check this box and stop here. The organization qualifies as a publicly supported organization331/3 % support tests - 2010. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 331/3 %, and
Iline 18 is not more than 331/3 %, check this box and stop here. The organization qualifies as a publicly supported organization
IPrivate foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructionsJSA Schedule A (Form 990 or 990-EZ) 20111E1221 1.000
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Schedule A (Form 990 or 990-EZ) 2011 Page 4
Supplemental Information. Complete this part to provide the explanations required by Part II, line 10;Part II, line 17a or 17b; and Part III, line 12. Also complete this part for any additional information. (Seeinstructions).
Part IV
Schedule A (Form 990 or 990-EZ) 2011JSA
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SCHEDULE C OMB No. 1545-0047Political Campaign and Lobbying Activities(Form 990 or 990-EZ)
For Organizations Exempt From Income Tax Under section 501(c) and section 527 À¾µµI IAttach to Form 990 or Form 990-EZ.Complete if the organization is described below. Open to Public Department of the Treasury ISee separate instructions.Internal Revenue Service Inspection
If the organization answered "Yes" to Form 990, Part IV, line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then
%%%
Section 501(c)(3) organizations: Complete Parts I-A and B. Do not complete Part I-C.Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I-A and C below. Do not complete Part I-B.Section 527 organizations: Complete Part I-A only.
If the organization answered "Yes" to Form 990, Part IV, line 4, or Form 990-EZ, Part VI, line 47 (Lobbying Activities), then
%%
Section 501(c)(3) organizations that have filed Form 5768 (election under section 501(h)): Complete Part II-A. Do not complete Part II-B.Section 501(c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)): Complete Part II-B. Do not complete Part II-A.
If the organization answered "Yes" to Form 990, Part IV, line 5 (Proxy Tax) or Form 990-EZ, Part V, line 35c (Proxy Tax), then
%Section 501(c)(4), (5), or (6) organizations: Complete Part III.Name of organization Employer identification number
Complete if the organization is exempt under section 501(c) or is a section 527 organization. Part I-A
I1
2
3
4
Provide a description of the organization's direct and indirect political campaign activities in Part IV.Political expendituresVolunteer hours
$mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
II
Complete if the organization is exempt under section 501(c)(3). Part I-B $Enter the amount of any excise tax incurred by the organization under section 4955
Enter the amount of any excise tax incurred by organization managers under section 4955If the organization incurred a section 4955 tax, did it file Form 4720 for this year?
1
2
3
4
mmmmmm$mm
Yes
Yes
No
No
mmmmmmmmmmmmmmmmab
Was a correction made?If "Yes," describe in Part IV.
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmComplete if the organization is exempt under section 501(c), except section 501(c)(3). Part I-C
III
1
2
3
4
Enter the amount directly expended by the filing organization for section 527 exempt functionactivities $mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmEnter the amount of the filing organization's funds contributed to other organizations for section527 exempt function activities $mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmTotal exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL,line 17b $mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmDid the filing organization file Form 1120-POL for this year?mmmmmmmmmmmmmmmmmmmmmmmmmmmm Yes No
5 Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filingorganization made payments. For each organization listed, enter the amount paid from the filing organization's funds. Also enterthe amount of political contributions received that were promptly and directly delivered to a separate political organization, suchas a separate segregated fund or a political action committee (PAC). If additional space is needed, provide information in Part IV.
(a) Name (b) Address (c) EIN (d) Amount paid fromfiling organization's
funds. If none, enter -0-.
(e) Amount of politicalcontributions received and
promptly and directlydelivered to a separatepolitical organization. If
none, enter -0-.
(1)
(2)
(3)
(4)
(5)
(6)
Schedule C (Form 990 or 990-EZ) 2011For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
JSA1E1264 1.000
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Page 2Schedule C (Form 990 or 990-EZ) 2011
Complete if the organization is exempt under section 501(c)(3) and filed Form 5768 (election undersection 501(h)).
Part II-A
II
A Check if the filing organization belongs to an affiliated group (and list in Part IV each affiliated group member'sname, address, EIN, expenses, and share of excess lobbying expenditures).
B Check if the filing organization checked box A and "limited control" provisions apply.Limits on Lobbying Expenditures
(The term "expenditures" means amounts paid or incurred.)(a) Filing
organization's totals(b) Affiliatedgroup totals
1 a
b
c
d
e
f
Total lobbying expenditures to influence public opinion (grass roots lobbying)Total lobbying expenditures to influence a legislative body (direct lobbying)Total lobbying expenditures (add lines 1a and 1b)Other exempt purpose expendituresTotal exempt purpose expenditures (add lines 1c and 1d)Lobbying nontaxable amount. Enter the amount from the following table in bothcolumns.
mmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmm
If the amount on line 1e, column (a) or (b) is:
Not over $500,000Over $500,000 but not over $1,000,000Over $1,000,000 but not over $1,500,000Over $1,500,000 but not over $17,000,000Over $17,000,000
The lobbying nontaxable amount is:
20% of the amount on line 1e.$100,000 plus 15% of the excess over $500,000.$175,000 plus 10% of the excess over $1,000,000.$225,000 plus 5% of the excess over $1,500,000.$1,000,000.
g
h
i
j
Grassroots nontaxable amount (enter 25% of line 1f)Subtract line 1g from line 1a. If zero or less, enter -0-Subtract line 1f from line 1c. If zero or less, enter -0-If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720reporting section 4911 tax for this year?
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
Yes Nommmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm4-Year Averaging Period Under Section 501(h)
(Some organizations that made a section 501(h) election do not have to complete all of the fivecolumns below. See the instructions for lines 2a through 2f on page 4.)
Lobbying Expenditures During 4-Year Averaging Period
Calendar year (or fiscal yearbeginning in)
(a) 2008 (b) 2009 (c) 2010 (d) 2011 (e) Total
2 a Lobbying nontaxable amount
b Lobbying ceiling amount(150% of line 2a, column (e))
c Total lobbying expenditures
d Grassroots nontaxable amount
e Grassroots ceiling amount(150% of line 2d, column (e))
f Grassroots lobbying expenditures
Schedule C (Form 990 or 990-EZ) 2011
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Page 3Schedule C (Form 990 or 990-EZ) 2011
Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768(election under section 501(h)).
Part II-B
(a) (b)For each "Yes" response to lines 1a through 1i below, provide in Part IV a detailed description
of the lobbying activity. Yes No Amount
During the year, did the filing organization attempt to influence foreign, national, state or locallegislation, including any attempt to influence public opinion on a legislative matter orreferendum, through the use of:
1
a
b
c
d
e
f
g
h
i
j
Volunteers?Paid staff or management (include compensation in expenses reported on lines 1c through 1i)?Media advertisements?Mailings to members, legislators, or the public?Publications, or published or broadcast statements?Grants to other organizations for lobbying purposes?Direct contact with legislators, their staffs, government officials, or a legislative body?Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means?Other activities?Total. Add lines 1c through 1i
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm2 a Did the activities in line 1 cause the organization to be not described in section 501(c)(3)?
If "Yes," enter the amount of any tax incurred under section 4912If "Yes," enter the amount of any tax incurred by organization managers under section 4912If the filing organization incurred a section 4912 tax, did it file Form 4720 for this year?
mmmb mmmmmmmmmmmmmmmmc mmd mmmmm
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section501(c)(6).
Part III-A
Yes No
1
2
3
Were substantially all (90% or more) dues received nondeductible by members?Did the organization make only in-house lobbying expenditures of $2,000 or less?Did the organization agree to carry over lobbying and political expenditures from the prior year?
1mmmmmmmmmmmmmmmmmmm2mmmmmmmmmmmmmmmmmm3mmmmmmmmmm
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section501(c)(6) and if either (a) BOTH Part III-A, lines 1 and 2, are answered "No" OR (b) Part III-A, line 3, is answered "Yes."
Part III-B
1 Dues, assessments and similar amounts from members 1mmmmmmmmmmmmmmmmmmmmmmmmmmmm2 Section 162(e) nondeductible lobbying and political expenditures (do not include amounts of
political expenses for which the section 527(f) tax was paid).
a
b
c
Current yearCarryover from last yearTotal
2a
2b
2c
3
4
5
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm3 Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues mmmm4 If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the
excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbyingand political expenditure next year? mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
5 Taxable amount of lobbying and political expenditures (see instructions) mmmmmmmmmmmmmmmmmmmSupplemental Information Part IV
Complete this part to provide the descriptions required for Part I-A, line 1; Part I-B, line 4; Part I-C, line 5; Part II-A; and Part II-B, line1. Also, complete this part for any additional information.
Schedule C (Form 990 or 990-EZ) 2011JSA1E1266 1.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
XX
XX
XX
X 223,922.X
X223,922.
X
SEE PAGE 4
3947BC A19F MIT PAGE 24
Schedule C (Form 990 or 990-EZ) 2011 Page 4
Supplemental Information (continued) Part IV
Schedule C (Form 990 or 990-EZ) 2011JSA
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MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
SCHEDULE C, PART II-B, 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 2012 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.
SCHEDULE C, PART II-B, 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.
3947BC A19F MIT PAGE 25
OMB No. 1545-0047SCHEDULE DSupplemental Financial Statements
(Form 990)
IComplete if the organization answered "Yes," to Form 990,Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
À¾µµ Open to Public Department of the Treasury I IAttach to Form 990. See separate instructions.Internal Revenue Service Inspection
Name of the organization Employer identification number
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if theorganization answered "Yes" to Form 990, Part IV, line 6.
Part I
(a) Donor advised funds (b) Funds and other accounts
1
2
3
4
5
6
Total number at end of yearAggregate contributions to (during year)Aggregate grants from (during year)Aggregate value at end of year
mmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmm
Did the organization inform all donors and donor advisors in writing that the assets held in donor advisedfunds are the organization’s property, subject to the organization's exclusive legal control? mmmmmmmmmmm Yes No
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be usedonly for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purposeconferring impermissible private benefit? mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm Yes No
Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7. Part II 1 Purpose(s) of conservation easements held by the organization (check all that apply).
Preservation of land for public use (e.g., recreation or education)Protection of natural habitatPreservation of open space
Preservation of an historically important land areaPreservation of a certified historic structure
2
3
4
5
6
7
8
9
Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservationeasement on the last day of the tax year.
Held at the End of the Tax Year
2a
2b
2c
2d
a
b
c
d
Total number of conservation easementsTotal acreage restricted by conservation easementsNumber of conservation easements on a certified historic structure included in (a)Number of conservation easements included in (c) acquired after 8/17/06, and not on ahistoric structure listed in the National RegisterNumber of conservation easements modified, transferred, released, extinguished, or terminated by the organization during thetax yearNumber of states where property subject to conservation easement is locatedDoes the organization have a written policy regarding the periodic monitoring, inspection, handling ofviolations, and enforcement of the conservation easements it holds?Staff and volunteer hours devoted to monitoring, inspecting, and enforcing conservation easements during the year
Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year
Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)?
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
II
mmmmmmmmmmmmmmmmmmmmmmm Yes No
II$
Yes NommmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmIn Part XIV, describe how the organization reports conservation easements in its revenue and expense statement, andbalance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes theorganization’s accounting for conservation easements.
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.Complete if the organization answered "Yes" to Form 990, Part IV, line 8.
Part III
1a If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheetworks of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance ofpublic service, provide, in Part XIV, the text of the footnote to its financial statements that describes these items.
b If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheetworks of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance ofpublic service, provide the following amounts relating to these items:
I(i)
(ii)
Revenues included in Form 990, Part VIII, line 1Assets included in Form 990, Part X
mmmmmmmmmmmmmmmmmmmmmmmmmmmmm $$Immmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
2 If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide thefollowing amounts required to be reported under SFAS 116 (ASC 958) relating to these items:
Ia Revenues included in Form 990, Part VIII, line 1Assets included in Form 990, Part X
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm $$b mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmI
For Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule D (Form 990) 2011JSA
1E1268 1.000
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3947BC A19F MIT PAGE 26
Schedule D (Form 990) 2011 Page 2
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued) Part III
Using the organization's acquisition, accession, and other records, check any of the following that are a significant use of its
Provide a description of the organization's collections and explain how they further the organization's exempt purpose in PartXIV.
3
4
5
collection items (check all that apply):Public exhibitionScholarly researchPreservation for future generations
Loan or exchange programsOther
a
b
c
d
e
During the year, did the organization solicit or receive donations of art, historical treasures, or other similarassets to be sold to raise funds rather than to be maintained as part of the organization's collection?mmmmmm Yes No
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" to Form 990, Part IV,line 9, or reported an amount on Form 990, Part X, line 21.
Part IV
1a
b
c
d
e
f
2a
b
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets notincluded on Form 990, Part X?If "Yes," explain the arrangement in Part XIV and complete the following table:
Beginning balanceAdditions during the yearDistributions during the yearEnding balanceDid the organization include an amount on Form 990, Part X, line 21?If "Yes," explain the arrangement in Part XIV.
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm Yes No
Amountmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
1c
1d
1e
1f
Yes NommmmmmmmmmmmmmmmmmmmmmEndowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10. Part V
(a) Current year (b) Prior year (c) Two years back (d) Three years back (e) Four years back
mmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmm
mmmmmmmmmmmmmmmm
mmmmmmmm
1a
b
c
d
e
f
g
a
b
c
3a
b
Beginning of year balanceContributionsNet investment earnings, gains,and lossesGrants or scholarshipsOther expenditures for facilitiesand programsAdministrative expensesEnd of year balance
I2
4
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:Board designated or quasi-endowment %Permanent endowment %Temporarily restricted endowment %The percentages in lines 2a, 2b, and 2c should equal 100%.Are there endowment funds not in the possession of the organization that are held and administered for theorganization by:(i) unrelated organizations(ii) related organizationsIf "Yes" to 3a(ii), are the related organizations listed as required on Schedule R?Describe in Part XIV the intended uses of the organization's endowment funds.
II
Yes No
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm3a(i)
3a(ii)
3b
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
Land, Buildings, and Equipment. See Form 990, Part X, line 10. Part VI Description of property (a) Cost or other basis
(investment)(b) Cost or other basis
(other)(c) Accumulated
depreciation(d) Book value
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmm
1a
b
c
d
e
LandBuildingsLeasehold improvementsEquipmentOther
mmmmmmITotal. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)
Schedule D (Form 990) 2011
JSA1E1269 1.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
XXX
X
9853574000. 8463458000. 8151805000. 10234500000.180,985,000. 313,644,000. 61,779,000. 112,805,000.
754,548,000. 1431852000. 768,418,000. -1707012000.93,944,000. 88,414,000. 104,997,000. 100,900,000.
374,661,000. 254,932,000. 396,737,000. 380,108,000.12,229,000. 12,034,000. 16,810,000. 7,480,000.
10308273000. 9853574000. 8463458000. 8151805000.
29.133924.4372
46.4289
XXX
65,198,000. 65,198,000.3193746000. 1014092000. 2,179,654,000.64,299,000. 375,000. 63,924,000.
220,223,000. 32,554,000. 187,669,000.
2,496,445,000.
3947BC A19F MIT PAGE 27
Schedule D (Form 990) 2011 Page 3
Investments - Other Securities. See Form 990, Part X, line 12. Part VII (a) Description of security or category
(including name of security)(b) Book value (c) Method of valuation:
Cost or end-of-year market value
(1) Financial derivatives(2) Closely-held equity interests(3) Other
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
(A)(B)(C)(D)(E)(F)(G)(H)(I)
ITotal. (Column (b) must equal Form 990, Part X, col. (B) line 12.)
Investments - Program Related. See Form 990, Part X, line 13. Part VIII (a) Description of investment type (b) Book value (c) Method of valuation:
Cost or end-of-year market value
(1)(2)(3)(4)(5)(6)(7)(8)(9)
(10)
ITotal. (Column (b) must equal Form 990, Part X, col. (B) line 13.)
Other Assets. See Form 990, Part X, line 15. Part IX (a) Description (b) Book value
(1)(2)(3)(4)(5)(6)(7)(8)(9)
(10)
ITotal. (Column (b) must equal Form 990, Part X, col. (B) line 15.)mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmOther Liabilities. See Form 990, Part X, line 25. Part X
1. (a) Description of liability (b) Book value(1)(2)(3)(4)(5)(6)(7)(8)(9)
(10)(11)
Federal income taxes
ITotal. (Column (b) must equal Form 990, Part X, col. (B) line 25.)
2. FIN 48 (ASC 740) Footnote. In Part XIV, provide the text of the footnote to the organization's financial statements that reports theorganization's liability for uncertain tax positions under FIN 48 (ASC 740).JSA Schedule D (Form 990) 20111E1270 1.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
NONCONTROLLING INTERESTS 304,436,000. FMVFIXED INCOME 408,501,000. FMVEQUITIES 5,315,125,000. FMVMARKETABLE ALTERNATIVES 1,676,886,000. FMVREAL ESTATE 2,574,934,000. FMVSPLIT INTEREST AGREEMENTS 121,816,000. FMVOTHER 1,748,000. FMVINT.RATE, CREDIT & DERIVATIVES 5,002,000. FMV
10408448000.
WITHHOLDINGS, DEPOSITS AND OTH 16,509,000.NONCONTROLLING INTERESTS 304,436,000.ADVANCE PAYMENTS 418,081,000.GOVERNMENT ADVANCES 34,103,000.ACCRUED BENEFITS 443,398,000.
1,216,527,000.
3947BC A19F MIT PAGE 28
Schedule D (Form 990) 2011 Page 4
Reconciliation of Change in Net Assets from Form 990 to Audited Financial Statements Part XI 1
2
3
4
5
6
7
8
9
10
Total revenue (Form 990, Part VIII, column (A), line 12)Total expenses (Form 990, Part IX, column (A), line 25)Excess or (deficit) for the year. Subtract line 2 from line 1Net unrealized gains (losses) on investmentsDonated services and use of facilitiesInvestment expensesPrior period adjustmentsOther (Describe in Part XIV.)Total adjustments (net). Add lines 4 through 8Excess or (deficit) for the year per audited financial statements. Combine lines 3 and 9
1
2
3
4
5
6
7
8
9
10
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmReconciliation of Revenue per Audited Financial Statements With Revenue per Return Part XII
1
2
3
4
5
Total revenue, gains, and other support per audited financial statementsAmounts included on line 1 but not on Form 990, Part VIII, line 12:Net unrealized gains on investmentsDonated services and use of facilitiesRecoveries of prior year grantsOther (Describe in Part XIV.)Add lines 2a through 2d
Subtract line 2e from line 1Amounts included on Form 990, Part VIII, line 12, but not on line 1 :Investment expenses not included on Form 990, Part VIII, line 7bOther (Describe in Part XIV.)Add lines 4a and 4b
Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.)
1
2e
3
4c
5
mmmmmmmmmmmmmmmmma
b
c
d
e
a
b
c
2a
2b
2c
2d
4a
4b
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmReconciliation of Expenses per Audited Financial Statements With Expenses per Return Part XIII
1
2
3
4
5
1
2
3
4
5
Total expenses and losses per audited financial statementsAmounts included on line 1 but not on Form 990, Part IX, line 25:Donated services and use of facilitiesPrior year adjustmentsOther lossesOther (Describe in Part XIV.)Add lines 2a through 2d
Subtract line 2e from line 1Amounts included on Form 990, Part IX, line 25, but not on line 1:
Investment expenses not included on Form 990, Part VIII, line 7bOther (Describe in Part XIV.)Add lines 4a and 4b
Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.)
1
2e
3
4c
5
mmmmmmmmmmmmmmmmmmmmmmmma
b
c
d
e
a
b
c
2a
2b
2c
2d
4a
4b
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmSupplemental Information Part XIV
Complete this part to provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part IV, lines 1b and 2b;Part V, line 4; Part X, line 2; Part XI, line 8; Part XII, lines 2d and 4b; and Part XIII, lines 2d and 4b. Also complete this part to provideany additional information.
Schedule D (Form 990) 2011
JSA
1E1271 1.000
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SEE PAGE 5
3947BC A19F MIT PAGE 29
Schedule D (Form 990) 2011 Page 5
Supplemental Information (continued) Part XIV
Schedule D (Form 990) 2011
JSA
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MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
PART III, LINE 1A AND LINE 4
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.
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
REGARDING REQUIRED "FIN 48" FINANCIAL STATEMENT DISCLOSURE, ANY UNCERTAIN
TAX POSITIONS IN THE FISCAL YEAR ENDED JUNE 30, 2012 WERE IMMATERIAL AND
THEREFORE DID NOT REQUIRE A FOOTNOTE.
3947BC A19F MIT PAGE 30
OMB No. 1545-0047Schools
À¾µµSCHEDULE E
Complete if the organization answered "Yes" to Form 990, Part IV, line 13, or
Form 990-EZ, Part VI, line 48.
(Form 990 or 990-EZ) IDepartment of the TreasuryInternal Revenue Service Attach to Form 990 or Form 990-EZ.
Open to Public I Inspection Name of the organization Employer identification number
Part I YES NO
1 Does the organization have a racially nondiscriminatory policy toward students by statement in its charter,bylaws, other governing instrument, or in a resolution of its governing body? 1
2
3
mmmmmmmmmmmmmmmmmmmmm2 Does the organization include a statement of its racially nondiscriminatory policy toward students in all its
brochures, catalogues, and other written communications with the public dealing with student admissions,programs, and scholarships?mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
3 Has the organization publicized its racially nondiscriminatory policy through newspaper or broadcast mediaduring the period of solicitation for students, or during the registration period if it has no solicitation program,in a way that makes the policy known to all parts of the general community it serves? If "Yes," pleasedescribe. If "No," please explain. If you need more space, use Part IImmmmmmmmmmmmmmmmmmmmmmmmmm
4 Does the organization maintain the following?Records indicating the racial composition of the student body, faculty, and administrative staff?a
b
c
d
4a
4b
4c
4d
mmmmmmmmmmmRecords documenting that scholarships and other financial assistance are awarded on a raciallynondiscriminatory basis?mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmCopies of all catalogues, brochures, announcements, and other written communications to the public dealingwith student admissions, programs, and scholarships?mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmCopies of all material used by the organization or on its behalf to solicit contributions?mmmmmmmmmmmmmmmmIf you answered "No" to any of the above, please explain. If you need more space, use Part II.
5 Does the organization discriminate by race in any way with respect to:a
b
c
d
e
f
g
h
Students' rights or privileges?
Admissions policies?
Employment of faculty or administrative staff?
Scholarships or other financial assistance?
Educational policies?
Use of facilities?
Athletic programs?
Other extracurricular activities?
5a
5b
5c
5d
5e
5f
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
5gmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm5h
6a
6b
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmIf you answered "Yes" to any of the above, please explain. If you need more space, use Part II.
6a
b
Does the organization receive any financial aid or assistance from a governmental agency?Has the organization's right to such aid ever been revoked or suspended?If you answered "Yes" to either line 6a or line 6b, explain on Part II.
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
7 Does the organization certify that it has complied with the applicable requirements of sections 4.01 through74.05 of Rev. Proc. 75-50, 1975-2 C.B. 587, covering racial nondiscrimination? If "No," explain on Part II mmmmmm
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or Form 990-EZ. Schedule E (Form 990 or 990-EZ) (2011)
JSA1E1273 1.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
X
X
X
SEE SUPPLEMENTAL PAGE
X
X
XX
X
X
X
X
X
X
X
X
XX
X
3947BC A19F MIT PAGE 31
Schedule E (Form 990 or 990-EZ) (2011) Page 2
Supplemental Information. Complete this part to provide the explanations required by Part I, lines 3, 4d, 5h,6b, and 7, as applicable. Also complete this part to provide any other additional information (see instructions).
Part II
Schedule E (Form 990 or 990-EZ) (2011)JSA
1E1501 2.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
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.
PART I, LINE 6A
MIT RECEIVES PELL, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY AND
PERKINS LOANS.
3947BC A19F MIT PAGE 32
Statement of Activities Outside the United States OMB No. 1545-0047SCHEDULE F(Form 990) IComplete if the organization answered "Yes" to Form 990,
Part IV, line 14b, 15, or 16.À¾µµ
I I Open to Public Attach to Form 990. See separate instructions.Department of the TreasuryInternal Revenue Service Inspection Name of the organization Employer identification number
General Information on Activities Outside the United States. Complete if the organization answered "Yes" toForm 990, Part IV, line 14b.
Part I
1
2
For grantmakers. Does the organization maintain records to substantiate the amount of its grants and otherassistance, the grantees' eligibility for the grants or assistance, and the selection criteria used to award thegrants or assistance? Yes NommmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmFor grantmakers. Describe in Part V the organization's procedures for monitoring the use of its grants and otherassistance outside the United States.
3 Activities per Region. (The following Part I, line 3 table can be duplicated if additional space is needed.)(a) Region (b) Number of
offices in theregion
(c) Number of employees,agents, andindependentcontractors
in region
(d) Activities conducted inregion (by type) (e.g.,
fundraising, program services,investments,
grants to recipientslocated in the region)
(e) If activity listed in (d) isa program service,
describe specific type ofservice(s) in region
(f) Totalexpenditures forand investments
in region
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
(15)
(16)
(17)
3a
b
c
Sub-totalmmmmmmmmmmmTotal from continuationsheets to Part I mmmmmmmTotals (add lines 3a and 3b)
For Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule F (Form 990) 2011JSA1E1274 1.000
04-2103594MASSACHUSETTS INSTITUTE OF TECHNOLOGY
X
EAST ASIA AND THE PACIFIC PROGRAM SERVICES SUBRECIPIENT AGREEMENT 3,305,219.
EUROPE PROGRAM SERVICES SUBRECIPIENT AGREEMENT 2,661,163.
MIDDLE EAST AND NORTH AFRICA PROGRAM SERVICES SUBRECIPIENT AGREEMENT 34,267.
NORTH AMERICA PROGRAM SERVICES SUBRECIPIENT AGREEMENT 220,954.
SOUTH ASIA PROGRAM SERVICES SUBRECIPIENT AGREEMENT 611,974.
SUB-SAHARAN AFRICA PROGRAM SERVICES SUBRECIPIENT AGREEMENT 280,894.
RUSSIA/INDEPENDENT STATES PROGRAM SERVICES SUBRECIPIENT AGREEMENT 34,367.
CENTRAL AMERICA/CARIBBEAN GRANTMAKING 76,277.
EAST ASIA AND THE PACIFIC GRANTMAKING 204,517.
EUROPE GRANTMAKING 33,900.
MIDDLE EAST AND NORTH AFRICA GRANTMAKING 92,119.
NORTH AMERICA GRANTMAKING 84,718.
RUSSIA/INDEPENDENT STATES GRANTMAKING 33,900.
SOUTH ASIA GRANTMAKING 326,362.
SUB-SAHARAN AFRICA GRANTMAKING 76,277.
SOUTH AMERICA GRANTMAKING 204,517.
EAST ASIA AND THE PACIFIC 5. FUNDRAISING 664,645.
5. 8,946,070.
1. 112. 1,764,719,579.
1. 117. 1,773,665,649.
3947BC A19F MIT PAGE 33
Statement of Activities Outside the United States OMB No. 1545-0047SCHEDULE F(Form 990) IComplete if the organization answered "Yes" to Form 990,
Part IV, line 14b, 15, or 16.À¾µµ
I I Open to Public Attach to Form 990. See separate instructions.Department of the TreasuryInternal Revenue Service Inspection Name of the organization Employer identification number
General Information on Activities Outside the United States. Complete if the organization answered "Yes" toForm 990, Part IV, line 14b.
Part I
1
2
For grantmakers. Does the organization maintain records to substantiate the amount of its grants and otherassistance, the grantees' eligibility for the grants or assistance, and the selection criteria used to award thegrants or assistance? Yes NommmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmFor grantmakers. Describe in Part V the organization's procedures for monitoring the use of its grants and otherassistance outside the United States.
3 Activities per Region. (The following Part I, line 3 table can be duplicated if additional space is needed.)(a) Region (b) Number of
offices in theregion
(c) Number of employees,agents, andindependentcontractors
in region
(d) Activities conducted inregion (by type) (e.g.,
fundraising, program services,investments,
grants to recipientslocated in the region)
(e) If activity listed in (d) isa program service,
describe specific type ofservice(s) in region
(f) Totalexpenditures forand investments
in region
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
(15)
(16)
(17)
3a
b
c
Sub-totalmmmmmmmmmmmTotal from continuationsheets to Part I mmmmmmmTotals (add lines 3a and 3b)
For Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule F (Form 990) 2011JSA1E1274 1.000
04-2103594MASSACHUSETTS INSTITUTE OF TECHNOLOGY
X
EUROPE 11. FUNDRAISING 470,555.
MIDDLE EAST AND NORTH AFRICA FUNDRAISING 60,135.
NORTH AMERICA 2. FUNDRAISING 18,151.
SOUTH AMERICA FUNDRAISING 67,616.
SOUTH ASIA 1. FUNDRAISING 87,648.
SUB-SAHARAN AFRICA 1. FUNDRAISING 40,347.
CENTRAL AMERICA/CARIBBEAN 1. PROGRAM SERVICES EDUCATION/RESEARCH 230,559.
EAST ASIA AND THE PACIFIC 1. 43. PROGRAM SERVICES EDUCATION/RESEARCH 11,764,124.
EUROPE 39. PROGRAM SERVICES EDUCATION/RESEARCH 10,317,767.
MIDDLE EAST AND NORTH AFRICA 5. PROGRAM SERVICES EDUCATION/RESEARCH 1,166,924.
NORTH AMERICA 3. PROGRAM SERVICES EDUCATION/RESEARCH 872,118.
RUSSIA/INDEPENDENT STATES 1. PROGRAM SERVICES EDUCATION/RESEARCH 1,101,496.
SOUTH AMERICA 2. PROGRAM SERVICES EDUCATION/RESEARCH 778,672.
SOUTH ASIA 2. PROGRAM SERVICES EDUCATION/RESEARCH 834,615.
SUB-SAHARAN AFRICA 1. PROGRAM SERVICES EDUCATION/RESEARCH 694,852.
CENTRAL AMERICA/CARIBBEAN INVESTMENTS 1,464,524,000.
EUROPE INVESTMENTS 190,193,000.
3947BC A19F MIT PAGE 34
Statement of Activities Outside the United States OMB No. 1545-0047SCHEDULE F(Form 990) IComplete if the organization answered "Yes" to Form 990,
Part IV, line 14b, 15, or 16.À¾µµ
I I Open to Public Attach to Form 990. See separate instructions.Department of the TreasuryInternal Revenue Service Inspection Name of the organization Employer identification number
General Information on Activities Outside the United States. Complete if the organization answered "Yes" toForm 990, Part IV, line 14b.
Part I
1
2
For grantmakers. Does the organization maintain records to substantiate the amount of its grants and otherassistance, the grantees' eligibility for the grants or assistance, and the selection criteria used to award thegrants or assistance? Yes NommmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmFor grantmakers. Describe in Part V the organization's procedures for monitoring the use of its grants and otherassistance outside the United States.
3 Activities per Region. (The following Part I, line 3 table can be duplicated if additional space is needed.)(a) Region (b) Number of
offices in theregion
(c) Number of employees,agents, andindependentcontractors
in region
(d) Activities conducted inregion (by type) (e.g.,
fundraising, program services,investments,
grants to recipientslocated in the region)
(e) If activity listed in (d) isa program service,
describe specific type ofservice(s) in region
(f) Totalexpenditures forand investments
in region
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
(15)
(16)
(17)
3a
b
c
Sub-totalmmmmmmmmmmmTotal from continuationsheets to Part I mmmmmmmTotals (add lines 3a and 3b)
For Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule F (Form 990) 2011JSA1E1274 1.000
04-2103594MASSACHUSETTS INSTITUTE OF TECHNOLOGY
X
MIDDLE EAST AND NORTH AFRICA INVESTMENTS 16,000.
NORTH AMERICA INVESTMENTS 2,019,000.
SUB-SAHARAN AFRICA INVESTMENTS 79,462,000.
3947BC A19F MIT PAGE 35
Schedule F (Form 990) 2011 Page 2Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" to Form 990,Part IV, line 15, for any recipient who received more than $5,000. Check this box if no one recipient received more than $5,000Part II can be duplicated if additional space is needed.
Part II
Immmmmmmmmm(i) Method of
valuation(book, FMV,
appraisal,other)
(f) Manner ofcash
disbursement
(g) Amount ofnon-cash
assistance
(h) Descriptionof non-cashassistance
(a) Name oforganization
(b) IRS code section and EIN (if applicable)
(c) Region (d) Purpose ofgrant
(e) Amount ofcash grant
1
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
(15)
(16)
2 Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exemptby the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter I
Immmmmmmmmmmmmmmmmmmmm
3 Enter total number of other organizations or entities mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmSchedule F (Form 990) 2011
JSA
1E1275 1.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
3947BC A19F MIT PAGE 36
Schedule F (Form 990) 2011 Page 3Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 16.Part III can be duplicated if additional space is needed.
Part III
(h) Method ofvaluation
(book, FMV,appraisal,
other)
(a) Type of grant or assistance (b) Region (c) Number ofrecipients
(d) Amount of cash grant
(e) Manner ofcash
disbursement
(f) Amount ofnon-cash
assistance
(g) Descriptionof non-cashassistance
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
(15)
(16)
(17)
(18)
Schedule F (Form 990) 2011
JSA
1E1276 1.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
PSC FELLOWSHIP CENT. AMERICA/CARIBBEAN 3. 6,630. CHECK N/A N/A
PSC FELLOWSHIP EAST ASIA/PACIFIC 6. 20,700. CHECK N/A N/A
PSC FELLOWSHIP NORTH AMERICA 2. 3,300. CHECK N/A N/A
PSC FELLOWSHIP SOUTH AMERICA 1. 2,400. CHECK N/A N/A
PSC FELLOWSHIP SOUTH ASIA 12. 44,700. CHECK N/A N/A
PSC FELLOWSHIP SUB-SAHARAN AFRICA 10. 33,468. CHECK N/A N/A
MISTI STIPEND EAST ASIA/PACIFIC 107. 560,286. CHECK N/A N/A
MISTI STIPEND EUROPE/ICELAND/GREENLAND 140. 238,616. CHECK N/A N/A
MISTI STIPEND MIDDLE EAST/NORTH AFRICA 74. 310,303. CHECK N/A N/A
MISTI STIPEND NORTH AMERICA 15. 19,430. CHECK N/A N/A
MISTI STIPEND SOUTH AMERICA 39. 192,324. CHECK N/A N/A
MISTI STIPEND SOUTH ASIA 44. 31,500. CHECK N/A N/A
HONORARIA EAST ASIA/PACIFIC 7. 9,271. CHECK N/A N/A
HONORARIA EUROPE/ICELAND/GREENLAND 20. 25,606. CHECK N/A N/A
HONORARIA MIDDLE EAST/NORTH AFRICA 2. 6,000. CHECK N/A N/A
HONORARIA NORTH AMERICA 11. 6,686. CHECK N/A N/A
HONORARIA SOUTH AMERICA 1. 3,000. CHECK N/A N/A
HONORARIA SOUTH ASIA 4. 4,001. CHECK N/A N/A
3947BC A19F MIT PAGE 37
Schedule F (Form 990) 2011 Page 3Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 16.Part III can be duplicated if additional space is needed.
Part III
(h) Method ofvaluation
(book, FMV,appraisal,
other)
(a) Type of grant or assistance (b) Region (c) Number ofrecipients
(d) Amount of cash grant
(e) Manner ofcash
disbursement
(f) Amount ofnon-cash
assistance
(g) Descriptionof non-cashassistance
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
(15)
(16)
(17)
(18)
Schedule F (Form 990) 2011
JSA
1E1276 1.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
HONORARIA SUB-SAHARAN AFRICA 1. 525. CHECK N/A N/A
PRIZES & AWARDS CENT. AMERICA/CARIBBEAN 2. 22,470. CHECK N/A N/A
PRIZES & AWARDS EAST ASIA/PACIFIC 41. 48,942. CHECK N/A N/A
PRIZES & AWARDS EUROPE/ICELAND/GREENLAND 29. 29,576. CHECK N/A N/A
PRIZES & AWARDS MIDDLE EAST/NORTH AFRICA 7. 15,143. CHECK N/A N/A
PRIZES & AWARDS RUSSIA 7. 5,371. CHECK N/A N/A
PRIZES & AWARDS SOUTH AMERICA 4. 6,429. CHECK N/A N/A
PRIZES & AWARDS SOUTH ASIA 15. 19,900. CHECK N/A N/A
PRIZES & AWARDS SUB-SAHARAN AFRICA 2. 917. CHECK N/A N/A
FELLOWSHIPS CENT. AMERICA/CARIBBEAN 2. 4,159. CHECK N/A N/A
FELLOWSHIPS EAST ASIA/PACIFIC 3. 3,989. CHECK N/A N/A
FELLOWSHIPS EUROPE/ICELAND/GREENLAND 19. 37,177. CHECK N/A N/A
FELLOWSHIPS MIDDLE EAST/NORTH AFRICA 3. 1,171. CHECK N/A N/A
FELLOWSHIPS NORTH AMERICA 3. 5,000. CHECK N/A N/A
FELLOWSHIPS RUSSIA 7. 12,003. CHECK N/A N/A
FELLOWSHIPS SOUTH ASIA 9. 12,246. CHECK N/A N/A
FELLOWSHIPS SUB-SAHARAN AFRICA 4. 7,451. CHECK N/A N/A
3947BC A19F MIT PAGE 38
Schedule F (Form 990) 2011 Page 4
Foreign Forms Part IV
1 Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes,"
the organization may be required to file Form 926, Return by a U.S. Transferor of Property to a Foreign
Corporation (see Instructions for Form 926) Yes Nommmmmmmmmmmmmmmmmmmmmmmmmmmmmm2 Did the organization have an interest in a foreign trust during the tax year? If "Yes," the organization
may be required to file Form 3520, Annual Return to Report Transactions with Foreign Trusts and
Receipt of Certain Foreign Gifts, and/or Form 3520-A, Annual Information Return of Foreign Trust With a
U.S. Owner (see Instructions for Forms 3520 and 3520-A) Yes Nommmmmmmmmmmmmmmmmmmmmmm3 Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes,"
the organization may be required to file Form 5471, Information Return of U.S. Persons With Respect To
Certain Foreign Corporations. (see Instructions for Form 5471) Yes Nommmmmmmmmmmmmmmmmmmmm4 Was the organization a direct or indirect shareholder of a passive foreign investment company or a
qualified electing fund during the tax year? If "Yes," the organization may be required to file Form 8621,
Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing
Fund. (see Instructions for Form 8621) Yes Nommmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm5 Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes,"
the organization may be required to file Form 8865, Return of U.S. Persons With Respect To Certain
Foreign Partnerships. (see Instructions for Form 8865) Yes Nommmmmmmmmmmmmmmmmmmmmmmmm6 Did the organization have any operations in or related to any boycotting countries during the tax year? If
"Yes," the organization may be required to file Form 5713, International Boycott Report (see Instructions
for Form 5713) Yes NommmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmSchedule F (Form 990) 2011
JSA
1E1277 1.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
X
X
X
X
X
X
3947BC A19F MIT PAGE 39
Schedule F (Form 990) 2011 Page 5
Supplemental InformationComplete this part to provide the information required by Part I, line 2 (monitoring of funds); Part I, line 3, column (f)
Part V
(accounting method; amounts of investments vs. expenditures per region); Part II, line 1 (accounting method); Part III(accounting method); and Part III, column (c) (estimated number of recipients), as applicable. Also complete this part toprovide any additional information (see instructions).
Schedule F (Form 990) 2011JSA1E1502 3.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
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.
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.
3947BC A19F MIT PAGE 40
OMB No. 1545-0047Supplemental Information Regarding
Fundraising or Gaming ActivitiesSCHEDULE G
(Form 990 or 990-EZ) À¾µµComplete if the organization answered "Yes" to Form 990, Part IV, lines 17, 18, or 19, or if the
organization entered more than $15,000 on Form 990-EZ, line 6a. Open to Public
Department of the Treasury I IAttach to Form 990 or Form 990-EZ. See separate instructions.Internal Revenue Service Inspection
Name of the organization Employer identification number
Fundraising Activities. Complete if the organization answered "Yes" to Form 990, Part IV, line 17.Form 990-EZ filers are not required to complete this part. Part I
1 Indicate whether the organization raised funds through any of the following activities. Check all that apply.a
b
c
d
Mail solicitationsInternet and email solicitationsPhone solicitationsIn-person solicitations
e
f
g
Solicitation of non-government grantsSolicitation of government grantsSpecial fundraising events
a2 Did the organization have a written or oral agreement with any individual (including officers, directors, trusteesor key employees listed in Form 990, Part VII) or entity in connection with professional fundraising services? Yes No
b If "Yes," list the ten highest paid individuals or entities (fundraisers) pursuant to agreements under which the fundraiser is to becompensated at least $5,000 by the organization.
(v) Amount paid to(or retained by)
fundraiser listed incol. (i)
(iii) Did fundraiser havecustody or control of
contributions?
(vi) Amount paid to(or retained by)
organization
(i) Name and address of individualor entity (fundraiser)
(iv) Gross receiptsfrom activity(ii) Activity
Yes No
1
2
3
4
5
6
7
8
9
10
ITotal mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm3 List all states in which the organization is registered or licensed to solicit contributions or has been notified it is exempt from
registration or licensing.
Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ. Schedule G (Form 990 or 990-EZ) 2011JSA
1E1281 1.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
X XX XXX
X
FUNDRAISINGMARTS & LUNDY INC CONSULTING X 269,116.
FUNDRAISINGKATHLEEN L. RYDAR CONSULTING X 39,123.
FUNDRAISINGMOR ASSOCIATES CONSULTING X 39,000.
FUNDRAISINGHELEN E BROWN GROUP CONSULTING X 9,100.
356,339.
MA,
3947BC A19F MIT PAGE 41
Schedule G (Form 990 or 990-EZ) 2011 Page 2
Fundraising Events. Complete if the organization answered "Yes" to Form 990, Part IV, line 18, or reported morethan $15,000 of fundraising event contributions and gross income on Form 990-EZ, lines 1 and 6b. List events withgross receipts greater than $5,000.
Part II
(a) Event #1 (b) Event #2 (c) Other Events (d) Total events(add col. (a) through
col. (c))(event type) (event type) (total number)
1
2
3
Gross receiptsLess: CharitablecontributionsGross income (line 1 minus line 2)
mmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmm
Rev
enue
4
5
6
7
8
9
10
11
Cash prizes
Noncash prizes
Rent/facility costs
Food and beverages
Entertainment
Other direct expenses
Direct expense summary. Add lines 4 through 9 in column (d)Net income summary. Combine line 3, column (d), and line 10
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmm
I( )mmmmmmmmmmmmmmmmmmmmmImmmmmmmmmmmmmmmmmmmmm
Dire
ct E
xpen
ses
Gaming. Complete if the organization answered "Yes" to Form 990, Part IV, line 19, or reported morethan $15,000 on Form 990-EZ, line 6a.
Part III
(d) Total gaming (addcol. (a) through col. (c))
(b) Pull tabs/instantbingo/progressive bingo (c) Other gaming(a) Bingo
1
2
3
Gross revenue
Cash prizes
Noncash prizes
mmmmmmmmmmmmRev
enue
mmmmmmmmmmmmmmmmmmmmmmmmm
4
5
6
7
8
Rent/facility costs
Other direct expenses
Volunteer labor
Direct expense summary. Add lines 2 through 5 in column (d)
Net gaming income summary. Combine line 1, column d, and line 7
mmmmmmmmmmmmmmmmmm
Dire
ct E
xpen
ses
Yes
No
Yes
No
Yes
No
% % %mmmmmmmmmmm
( )ImmmmmmmmmmmmmmmmmmmmmImmmmmmmmmmmmmmmmmm
9
10
Enter the state(s) in which the organization operates gaming activities:Is the organization licensed to operate gaming activities in each of these states?If "No," explain:
Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year?If "Yes," explain:
a
b
Yes Nommmmmmmmmmmmmmmmm
a
b
Yes Nommmm
Schedule G (Form 990 or 990-EZ) 2011
JSA1E1282 1.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
3947BC A19F MIT PAGE 42
Schedule G (Form 990 or 990-EZ) 2011 Page 311
12
Does the organization operate gaming activities with nonmembers?Is the organization a grantor, beneficiary or trustee of a trust or a member of a partnership or other entityformed to administer charitable gaming?
Yes NommmmmmmmmmmmmmmmmmmmmmmmYes Nommmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
13
14
Indicate the percentage of gaming activity operated in:The organization's facilityAn outside facility
a
b
13a
13b
%%
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
Enter the name and address of the person who prepares the organization's gaming/special events books and records:
IName
AddressI15 a
b
c
Does the organization have a contract with a third party from whom the organization receives gamingrevenue? Yes Nommmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
IIf "Yes," enter the amount of gaming revenue received by the organization $ and the
Iamount of gaming revenue retained by the third party $ .If "Yes," enter name and address of the third party:
IName
AddressI16 Gaming manager information:
IName
IGaming manager compensation $
IDescription of services provided
Director/officer Employee Independent contractor
17 Mandatory distributions:a
b
Is the organization required under state law to make charitable distributions from the gaming proceeds toretain the state gaming license? Yes NommmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmEnter the amount of distributions required under state law to be distributed to other exempt organizationsor spent in the organization's own exempt activities during the tax year $I
Supplemental Information. Complete this part to provide the explanation required by Part I, line 2b, columns (iii) and (v), and Part III, lines 9, 9b, 10b, 15b, 15c, 16, and 17b, as applicable. Also complete this part to provide any additional information (see instructions).
Part IV
Schedule G (Form 990 or 990-EZ) 2011
JSA
1E1503 2.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
SCHEDULE G, PART I
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.
3947BC A19F MIT PAGE 43
OMB No. 1545-0047SCHEDULE I(Form 990)
Grants and Other Assistance to Organizations,
Governments, and Individuals in the United States À¾µµComplete if the organization answered "Yes" to Form 990, Part IV, line 21 or 22.
Attach to Form 990.
Open to Public Department of the TreasuryInternal Revenue Service I Inspection
Name of the organization Employer identification number
General Information on Grants and Assistance Part I
1
2
Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, andthe selection criteria used to award the grants or assistance?Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm Yes No
Grants and Other Assistance to Governments and Organizations in the United States. Complete if the organization answered "Yes"to Form 990, Part IV, line 21, for any recipient that received more than $5,000. Check this box if no one recipient received more than $5,000.Part II can be duplicated if additional space is needed
Part II
Immmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm(a) Name and address of organization
or government(f) Method of valuation(book, FMV, appraisal,
other)
(c) IRC sectionif applicable
(d) Amount of cashgrant (e) Amount of non-
cash assistance(g) Description of
non-cash assistance(h) Purpose of grant
or assistance(b) EIN1
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
II
2
3
Enter total number of section 501(c)(3) and government organizations listed in the line 1 tableEnter total number of other organizations listed in the line 1 table
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmFor Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule I (Form 990) (2011)
JSA
1E1288 1.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
X
BETA THETA PI
119 & 120 BAYSTATE ROAD BOSTON, MA 02215 501(C)(7) 57,769. IRDF GRANT
CHI PHI
32 HEREFORD ST BOSTON, MA 02139 501(C)(7) 20,218. IRDF GRANT
DELTA KAPPA EPSILON
403 MEMORIAL DRIVE CAMBRIDGE, MA 02215 501(C)(7) 18,997. IRDF GRANT
DELTA UPSILON
526 BEACON ST BOSTON, MA 02215 501(C)(7) 21,212. IRDF GRANT
EPSILON THETA
259 SAINT PAUL STREET BROOKLINE, MA 02446 501(C)(7) 17,195. IRDF GRANT
MIT STUDENT HOUSE
111 BAY STATE ROAD BOSTON, MA 02215 501(C)(7) 10,546. IRDF GRANT
PHI BETA EPSILON
400 MEMORIAL DRIVE CAMBRIDGE, MA 02446 501(C)(7) 22,988. IRDF GRANT
PHI DELTA THETA
97 BAY STATE ROAD BOSTON, MA 02215 501(C)(7) 12,757. IRDF GRANT
PHI KAPPA SIGMA FRATERNITY
530 BEACON STREET BOSTON, MA 02115 501(C)(7) 42,551. IRDF GRANT
PHI KAPPA THETA
229 COMMONWEALTH AVENUE BOSTON, MA 02139 501(C)(7) 12,214. IRDF GRANT
PHI LAMBDA PHI
450 BEACON ST BOSTON, MA 02215 501(C)(7) 25,713. IRDF GRANT
PIKA
69 CHESTNUT ST CAMBRIDGE, MA 02116 501(C)(7) 6,674. IRDF GRANT
3947BC A19F MIT PAGE 44
OMB No. 1545-0047SCHEDULE I(Form 990)
Grants and Other Assistance to Organizations,
Governments, and Individuals in the United States À¾µµComplete if the organization answered "Yes" to Form 990, Part IV, line 21 or 22.
Attach to Form 990.
Open to Public Department of the TreasuryInternal Revenue Service I Inspection
Name of the organization Employer identification number
General Information on Grants and Assistance Part I
1
2
Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, andthe selection criteria used to award the grants or assistance?Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm Yes No
Grants and Other Assistance to Governments and Organizations in the United States. Complete if the organization answered "Yes"to Form 990, Part IV, line 21, for any recipient that received more than $5,000. Check this box if no one recipient received more than $5,000.Part II can be duplicated if additional space is needed
Part II
Immmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm(a) Name and address of organization
or government(f) Method of valuation(book, FMV, appraisal,
other)
(c) IRC sectionif applicable
(d) Amount of cashgrant (e) Amount of non-
cash assistance(g) Description of
non-cash assistance(h) Purpose of grant
or assistance(b) EIN1
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
II
2
3
Enter total number of section 501(c)(3) and government organizations listed in the line 1 tableEnter total number of other organizations listed in the line 1 table
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmFor Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule I (Form 990) (2011)
JSA
1E1288 1.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
X
SIGMA CHI
532 BEACON STREET BOSTON, MA 02215 501(C)(7) 14,300. IRDF GRANT
SIGMA KAPPA
480 COMMONWEALTH AVE BOSTON, MA 02215 501(C)(7) 13,358. IRDF GRANT
SIGMA NU
28 THE FENWAY BOSTON, MA 02139 501(C)(7) 71,262. IRDF GRANT
THETA CHI
528 BEACON ST BOSTON, MA 02215 501(C)(7) 18,113. IRDF GRANT
THETA DELTA CHI
372 MEMORIAL DRIVE CAMBRIDGE, MA 02215 501(C)(7) 24,425. IRDF GRANT
WILG
355 MASS AVE CAMBRIDGE, MA 02215 501(C)(7) 7,640. IRDF GRANT
ALPHA CHI OMEGA
478 COMMONWEALTH AVE BOSTON, MA 02215 501(C)(7) 22,109. IRDF GRANT
ALPHA DELTA PHI
351 MASS AVE CAMBRIDGE, MA 02139 501(C)(7) 14,726. IRDF GRANT
ALPHA PHI
479 COMMONWEALTH AVE BOSTON, MA 02215 501(C)(7) 74,399. IRDF GRANT
DELTA PSI, #6 CLUB
428 MEMORIAL DRIVE CAMBRIDGE, MA 02139 501(C)(7) 29,917. IRDF GRANT
ALPHA EPSILON PI
155-165 BAY STATE ROAD BOSTON, MA 02115 501(C)(7) 42,136. IRDF GRANT
ZETA BETA TAU
58 MANCHESTER ROAD BROOKLINE, MA 02465 501(C)(7) 36,321. IRDF GRANT
3947BC A19F MIT PAGE 45
OMB No. 1545-0047SCHEDULE I(Form 990)
Grants and Other Assistance to Organizations,
Governments, and Individuals in the United States À¾µµComplete if the organization answered "Yes" to Form 990, Part IV, line 21 or 22.
Attach to Form 990.
Open to Public Department of the TreasuryInternal Revenue Service I Inspection
Name of the organization Employer identification number
General Information on Grants and Assistance Part I
1
2
Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, andthe selection criteria used to award the grants or assistance?Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm Yes No
Grants and Other Assistance to Governments and Organizations in the United States. Complete if the organization answered "Yes"to Form 990, Part IV, line 21, for any recipient that received more than $5,000. Check this box if no one recipient received more than $5,000.Part II can be duplicated if additional space is needed
Part II
Immmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm(a) Name and address of organization
or government(f) Method of valuation(book, FMV, appraisal,
other)
(c) IRC sectionif applicable
(d) Amount of cashgrant (e) Amount of non-
cash assistance(g) Description of
non-cash assistance(h) Purpose of grant
or assistance(b) EIN1
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
II
2
3
Enter total number of section 501(c)(3) and government organizations listed in the line 1 tableEnter total number of other organizations listed in the line 1 table
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmFor Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule I (Form 990) (2011)
JSA
1E1288 1.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
X
DELTA TAU DELTA
416 BEACON STREET BOSTON, MA 02215 501(C)(7) 40,132. IRDF GRANT
PHI SIGMA KAPPA
487 COMMONWEALTH AVE BOSTON, MA 02215 501(C)(7) 40,194. IRDF GRANT
KAPPA SIGMA
407 MEMORIAL DRIVE CAMBRIDGE, MA 02139 501(C)(7) 20,149. IRDF GRANT
ZETA PSI
233 MASS AVE CAMBRIDGE, MA 02139 501(C)(7) 46,689. IRDF GRANT
NU DELTA
460 BEACON STREET BOSTON, MA 02139 501(C)(7) 34,784. IRDF GRANT
THETA XI
64 BAY STATE ROAD BOSTON, MA 02215 501(C)(7) 28,528. IRDF GRANT
SIGMA ALPHA EPSILON
165 BAY STATE ROAD BOSTON, MA 02215 501(C)(7) 25,297. IRDF GRANT
NUMBER SIX CLUB
428 MEMORIAL DRIVE CAMBRIDGE, MA 02139 501(C)(7) 11,832. IRDF GRANT
GUSTAVO DUDAMEL FOUNDATION INC
409 TAUGHANNOUCK BLVD ITHACA, NY 14830 501(C)(3) 75,000. PRIZE OR AWARD
SOLID ENERGY
94 BEACON ST NO 82 SOMERVILLE, MA 02143 20,000. PRIZE OR AWARD
1.33.
3947BC A19F MIT PAGE 46
Schedule I (Form 990) (2011) Page 2
Grants and Other Assistance to Individuals in the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 22.Part III can be duplicated if additional space is needed.
Part III
(f) Description of non-cash assistance(a) Type of grant or assistance (e) Method of valuation (book,FMV, appraisal, other)
(b) Number ofrecipients
(d) Amount ofnon-cash assistance
(c) Amount of cash grant
1
2
3
4
5
6
7
Supplemental Information. Complete this part to provide the information required in Part I, line 2, and any other additional information. Part IV
Schedule I (Form 990) (2011)
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1E1504 2.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
TUITION SUPPORT 8,519. 317,783,000. FMV FOR TUITION
HONORARIA 463. 400,511.
PRIZES AND AWARDS 973. 1,615,229.
PUBLIC SERVICE CENTER FELLOWSHIPS 19. 68,235.
MIT STUDENT STIPIENDS & FELLOWSHIPS 1,934. 33,263,000.
NON-MIT STUDENT FELLOWSHIPS 424. 11,820,000.
STUDENT WAGES 7,920. 90,135,000.
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
3947BC A19F MIT PAGE 47
Schedule I (Form 990) (2011) Page 2
Grants and Other Assistance to Individuals in the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 22.Part III can be duplicated if additional space is needed.
Part III
(f) Description of non-cash assistance(a) Type of grant or assistance (e) Method of valuation (book,FMV, appraisal, other)
(b) Number ofrecipients
(d) Amount ofnon-cash assistance
(c) Amount of cash grant
1
2
3
4
5
6
7
Supplemental Information. Complete this part to provide the information required in Part I, line 2, and any other additional information. Part IV
Schedule I (Form 990) (2011)
JSA
1E1504 2.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
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
3947BC A19F MIT PAGE 48
Schedule I (Form 990) (2011) Page 2
Grants and Other Assistance to Individuals in the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 22.Part III can be duplicated if additional space is needed.
Part III
(f) Description of non-cash assistance(a) Type of grant or assistance (e) Method of valuation (book,FMV, appraisal, other)
(b) Number ofrecipients
(d) Amount ofnon-cash assistance
(c) Amount of cash grant
1
2
3
4
5
6
7
Supplemental Information. Complete this part to provide the information required in Part I, line 2, and any other additional information. Part IV
Schedule I (Form 990) (2011)
JSA
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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.
3947BC A19F MIT PAGE 49
Compensation Information OMB No. 1545-0047SCHEDULE J(Form 990) For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated EmployeesComplete if the organization answered "Yes" to Form 990,
Part IV, line 23.I À¾µµ
Department of the TreasuryInternal Revenue Service
Open to Public Inspection Attach to Form 990. See separate instructions.I I
Name of the organization Employer identification number
Questions Regarding Compensation Part I Yes No
1a Check the appropriate box(es) if the organization provided any of the following to or for a person listed in Form990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
First-class or charter travelTravel for companionsTax indemnification and gross-up paymentsDiscretionary spending account
Housing allowance or residence for personal usePayments for business use of personal residenceHealth or social club dues or initiation feesPersonal services (e.g., maid, chauffeur, chef)
b If any of the boxes on line 1a are checked, did the organization follow a written policy regarding paymentor reimbursement or provision of all of the expenses described above? If "No," complete Part III toexplain 1b
2
4a
4b
4c
5a
5b
6a
6b
7
8
9
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm2 Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all officers,
directors, trustees, and the CEO/Executive Director, regarding the items checked in line 1a?mmmmmmmmmmm3 Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods used by arelated organization to establish compensation of the CEO/Executive Director. Explain in Part III.
Compensation committeeIndependent compensation consultantForm 990 of other organizations
Written employment contractCompensation survey or studyApproval by the board or compensation committee
4 During the year, did any person listed in Form 990, Part VII, Section A, line 1a, with respect to the filingorganization or a related organization:
a
b
c
a
b
a
b
Receive a severance payment or change-of-control payment?Participate in, or receive payment from, a supplemental nonqualified retirement plan?Participate in, or receive payment from, an equity-based compensation arrangement?
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only section 501(c)(3) and 501(c)(4) organizations must complete lines 5-9.
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization pay or accrue anycompensation contingent on the revenues of:The organization?Any related organization?If "Yes" to line 5a or 5b, describe in Part III.For persons listed in Form 990, Part VII, Section A, line 1a, did the organization pay or accrue anycompensation contingent on the net earnings of:The organization?Any related organization?If "Yes" to line 6a or 6b, describe in Part III.
5
6
7
8
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixedpayments not described in lines 5 and 6? If "Yes," describe in Part IIImmmmmmmmmmmmmmmmmmmmmmmmWere any amounts reported in Form 990, Part VII, paid or accrued pursuant to a contract that was subjectto the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describein Part IIImmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
9 If "Yes" to line 8, did the organization also follow the rebuttable presumption procedure described inRegulations section 53.4958-6(c)?mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
For Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule J (Form 990) 2011
JSA1E1290 1.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
X XXX X
X
X
X
XX XX X
XX
X
XX
XX
X
X
3947BC A19F MIT PAGE 50
Schedule J (Form 990) 2011 Page 2
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed. Part II
For each individual whose compensation must be reported in Schedule J, report compensation from the organization on row (i) and from related organizations, described in theinstructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for thatindividual.
(B) Breakdown of W-2 and/or 1099-MISC compensation (C) Retirement andother deferredcompensation
(D) Nontaxablebenefits
(E) Total of columns(B)(i)-(D)
(F) Compensationreported as deferred in
prior Form 990(A) Name (i) Base
compensation(ii) Bonus & incentive
compensation(iii) Otherreportable
compensation
(i)
(ii)
(i)
(ii)
(i)
(ii)
(i)
(ii)
(i)
(ii)
(i)
(ii)
(i)
(ii)
(i)
(ii)
(i)
(ii)
(i)
(ii)
(i)
(ii)
(i)
(ii)
(i)
(ii)
(i)
(ii)
(i)
(ii)
(i)
(ii)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
Schedule J (Form 990) 2011
JSA
1E1291 1.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
255,220. 0 0 0 5,156. 260,376.JOHN REED 0 0 0 0 0 0 0
696,054. 0 346,056. 41,650. 116,117. 1,199,877.SUSAN HOCKFIELD 0 0 0 0 0 0 0
526,981. 0 42,515. 12,250. 5,067. 586,813.THERESA STONE (OUTGOING 0 0 0 0 0 0 0
244,266. 0 0 31,850. 28,576. 304,692.KIRK KOLENBRANDER 0 0 0 0 0 0 0
542,576. 556,449. 29,000. 22,050. 25,866. 1,175,941.SETH ALEXANDER 0 0 0 0 0 0 0
283,856. 0 34,882. 12,250. 19,833. 350,821.PHILLIP CLAY (FORMER KE 0 0 0 0 0 0 0
480,728. 0 63,395. 36,750. 31,314. 612,187.R. GREGORY MORGAN 0 0 0 0 0 0 0
374,153. 0 12,460. 41,650. 5,179. 433,442.JEFFREY NEWTON 0 0 0 0 0 0 0
517,936. 0 75,196. 41,650. 23,503. 658,285.L. RAFAEL REIF 0 0 0 0 0 0 0
299,224. 0 33,665. 12,250. 11,753. 356,892.CLAUDE CANIZARES 0 0 0 0 0 0 0
384,334. 0 12,630. 31,850. 25,058. 453,872.ERIC EVANS 0 0 0 0 0 0 0
593,365. 0 140,137. 36,750. 6,807. 777,059.DAVID SCHMITTLEIN 0 0 0 0 0 0 0
163,646. 10,000. 512,125. 16,164. 33,395. 735,330.NELSON REPENNING 0 0 0 0 0 0 0
391,519. 277,718. 7,171. 31,850. 25,923. 734,181.STEVEN MARSH 0 0 0 0 0 0 0
250,617. 0 23,800. 36,750. 30,833. 342,000.W. ERIC GRIMSON 0 0 0 0 0 0 0
326,156. 0 5,000. 22,050. 24,660. 377,866.ISRAEL RUIZ (INCOMING) 0 0 0 0 0 0 0
3947BC A19F MIT PAGE 51
Schedule J (Form 990) 2011 Page 2
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed. Part II
For each individual whose compensation must be reported in Schedule J, report compensation from the organization on row (i) and from related organizations, described in theinstructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for thatindividual.
(B) Breakdown of W-2 and/or 1099-MISC compensation (C) Retirement andother deferredcompensation
(D) Nontaxablebenefits
(E) Total of columns(B)(i)-(D)
(F) Compensationreported as deferred in
prior Form 990(A) Name (i) Base
compensation(ii) Bonus & incentive
compensation(iii) Otherreportable
compensation
(i)
(ii)
(i)
(ii)
(i)
(ii)
(i)
(ii)
(i)
(ii)
(i)
(ii)
(i)
(ii)
(i)
(ii)
(i)
(ii)
(i)
(ii)
(i)
(ii)
(i)
(ii)
(i)
(ii)
(i)
(ii)
(i)
(ii)
(i)
(ii)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
Schedule J (Form 990) 2011
JSA
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MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
290,583. 0 391,813. 31,850. 29,092. 743,338.STEVE EPPINGER 0 0 0 0 0 0 0
317,636. 0 338,442. 31,850. 65,501. 753,429.RICHARD LOCKE 0 0 0 0 0 0 0
3947BC A19F MIT PAGE 52
Page 3Schedule J (Form 990) 2011
Supplemental Information Part III
Complete this part to provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II.Also complete this part for any additional information.
Schedule J (Form 990) 2011
JSA
1E1505 3.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
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. 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. 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. 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. THE MIT PRESIDENT IS REQUIRED TO LIVE IN AN MIT
OWNED RESIDENCE, ON MIT'S CAMPUS, AS A CONDITION OF HER EMPLOYMENT AND AS
A CONVENIENCE TO MIT. MIT PAYS FOR HOUSEKEEPING OF THE PUBLIC AREAS OF
3947BC A19F MIT PAGE 53
Page 3Schedule J (Form 990) 2011
Supplemental Information Part III
Complete this part to provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II.Also complete this part for any additional information.
Schedule J (Form 990) 2011
JSA
1E1505 3.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
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 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.
SCHEDULE J, PART II
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
3947BC A19F MIT PAGE 54
Page 3Schedule J (Form 990) 2011
Supplemental Information Part III
Complete this part to provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II.Also complete this part for any additional information.
Schedule J (Form 990) 2011
JSA
1E1505 3.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
EPPINGER, LOCKE, REPENNING AND SCHMITTLEIN.
SCHEDULE J, PART II, COLUMN (C) DOES NOT INCLUDE $145,000 OF INCENTIVE
COMPENSATION FOR MR. ALEXANDER AND $62,946 OF INCENTIVE COMPENSATION FOR
MR. MARSH AWARDED IN JANUARY 2011. 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 ON AVERAGE 1-2 HOURS PER WEEK IN ADDITION TO THE HOURS
LISTED IN COLUMN (B) OF FORM 990, PART VII.
3947BC A19F MIT PAGE 55
Page 3Schedule J (Form 990) 2011
Supplemental Information Part III
Complete this part to provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II.Also complete this part for any additional information.
Schedule J (Form 990) 2011
JSA
1E1505 3.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
PRESIDENT SUSAN HOCKFIELD
AS MIT HAS REPORTED IN PRIOR YEARS, MIT PAYS AN AMOUNT ANNUALLY INTO AN
ACCOUNT FOR THE BENEFIT OF THE PRESIDENT. MIT PAID $125,000 INTO THAT
ACCOUNT IN CALENDAR YEAR 2011. SHE CANNOT ACCESS THAT ACCOUNT BEFORE SHE
CEASES SERVING AS MIT'S PRESIDENT OR HAS SERVED FOR 10 YEARS. IN
ADDITION, THE PRESIDENT VESTED IN A PORTION OF A DEFERRED ANNUITY IN
CALENDAR YEAR 2011 FOR WHICH PAYMENTS WILL BEGIN IN CALENDAR YEAR 2016.
THE VALUE OF THE VESTED PORTION OF THE ANNUITY WAS RECORDED IN CALENDAR
YEAR 2011. IN THIS FORM 990, THESE AMOUNTS ARE INCLUDED AS "OTHER
REPORTABLE COMPENSATION" (SCHEDULE J, PART II, COLUMN (B)(III)) AS
REQUIRED BY IRS REGULATION.
MIT REQUIRES THE PRESIDENT TO LIVE IN AN MIT-OWNED HOME IN CAMBRIDGE, ON
THE MIT CAMPUS, AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE
UNIVERSITY. 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 $70,000. 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
3947BC A19F MIT PAGE 56
Page 3Schedule J (Form 990) 2011
Supplemental Information Part III
Complete this part to provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II.Also complete this part for any additional information.
Schedule J (Form 990) 2011
JSA
1E1505 3.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
SERVICES FOR THE PORTION OF THE MIT OWNED RESIDENCE USED BY THE
PRESIDENT'S FAMILY AS THEIR PRIVATE RESIDENCE.
3947BC A19F MIT PAGE 57
OMB No. 1545-0047SCHEDULE K(Form 990)
Supplemental Information on Tax-Exempt Bonds
IComplete if the organization answered "Yes" to Form 990, Part IV, line 24a. Provide descriptions,explanations, and any additional information in Part VI.
À¾µµ Open to Public
Inspection Department of the TreasuryInternal Revenue Service I IAttach to Form 990. See separate instructions.
Name of the organization Employer identification number
(a) Issuer name
Bond Issues
(b) Issuer EIN (c) CUSIP # (d) Date issued (e) Issue price (f) Description of purpose (g) Defeased
Part I (h) On
behalf ofissuer
(i) Pooledfinancing
Yes No Yes No Yes No
A
B
C
D
Proceeds Part II A B C D
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
Amount of bonds retiredAmount of bonds legally defeasedTotal proceeds of issueGross proceeds in reserve fundsCapitalized interest from proceedsProceeds in refunding escrowsIssuance costs from proceedsCredit enhancement from proceedsWorking capital expenditures from proceedsCapital expenditures from proceedsOther spent proceedsOther unspent proceedsYear of substantial completion
Were the bonds issued as part of a current refunding issue?Were the bonds issued as part of an advance refunding issue?Has the final allocation of proceeds been made?Does the organization maintain adequate books and records to support the final allocation of proceeds?
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
Yes No Yes No Yes No Yes No
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmm
Private Business Use Part III A B C D
Yes No Yes No Yes No Yes No1 Was the organization a partner in a partnership, or a member of an LLC, which ownedproperty financed by tax-exempt bonds?mmmmmmmmmmmmmmmmmmmmmmmmmmm
2 Are there any lease arrangements that may result in private business use of bond-financed property?For Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule K (Form 990) 2011
JSA1E1295 1.000
MASSACHUSETTS HEALTH & EDUCATIONAL FAC.
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
MASSACHUSETTS HEALTH & EDUCATIONAL FAC. 04-2456011 57585K3G1 05/07/2003 204,790,814. CONSTRUCTION/RENOVATION/REFUND X X X
MASSACHUSETTS HEALTH & EDUCATIONAL FAC. 04-2456011 57586CBP9 04/02/2004 150,854,243. CONSTRUCTION AND RENOVATION X X X
MASSACHUSETTS HEALTH & EDUCATIONAL FAC. 04-2456011 57586C8G3 08/13/2008 334,995,460. CONSTRUCTION AND RENOVATION X X X
MASSACHUSETTS HEALTH & EDUCATIONAL FAC. 04-2456011 57586ECM1 12/10/2008 274,996,289. CONSTRUCTION AND RENOVATION X X X
17,190,000.
205,361,235.
1,040,170.
204,321,064.
2005
XX
XX
XX
151,599,210.
854,243.
150,744,967.
2005
XX
XX
XX
336,035,127.
1,575,675.
334,459,512.
2010
XX
XX
XX
276,649,117.
1,558,146.
275,090,971.
2010
XX
XX
XX
3947BC A19F MIT PAGE 58
Schedule K (Form 990) 2011 Page 2
Private Business Use (Continued) Part III A B C D
Yes No Yes No Yes No Yes NoAre there any management or service contracts that may result in private businessuse of bond-financed property?
3a mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmb If "Yes" to line 3a, does the organization routinely engage bond counsel or other outside counsel
to review any management or service contracts relating to the financed property? mmmmmmmmmc Are there any research agreements that may result in private business use of bond-
financed property? mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmd If "Yes" to line 3c, does the organization routinely engage bond counsel or other
outside counsel to review any research agreements relating to the financed property?mm4 Enter the percentage of financed property used in a private business use by entities
other than a section 501(c)(3) organization or a state or local government I %
%%
%
%%
%
%%
%
%%
mmmmmmm5 Enter the percentage of financed property used in a private business use as a
result of unrelated trade or business activity carried on by your organization,another section 501(c)(3) organization, or a state or local government Immmmmmmmm
6 Total of lines 4 and 5mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm7 Has the organization adopted management practices and procedures to
ensure the post-issuance compliance of its tax-exempt bond liabilities?mmmmmmmmmmArbitrage Part IV
A B C D
Yes No Yes No Yes No Yes NoHas a Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu ofArbitrage Rebate, been filed with respect to the bond issue?
1 mmmmmmmmmmmmmmm2 Is the bond issue a variable rate issue? mmmmmmmmmmmmmmmmmmmmmmmmmmm3a Has the organization or the governmental issuer entered into a qualified hedge with
respect to the bond issue?mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmb Name of provider
Term of hedgeWas the hedge superintegrated?Was the hedge terminated?Were gross proceeds invested in a guaranteed investment contract (GIC)?Name of providerTerm of GICWas the regulatory safe harbor for establishing the fair market value of the GIC satisfied?Were any gross proceeds invested beyond an available temporary period?Did the bond issue qualify for an exception to rebate?
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmc mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmd mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmme mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
4a mmmmmmmmb mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmc mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmd
5 mmmmmmmm6 mmmmmmmmmmmmmmmmmmm
Procedures To Undertake Corrective Action Part V Check the box if the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntaryclosing agreement program if self-remediation is not available under applicable regulations Yes Nommmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
Supplemental Information. Complete this part to provide additional information for responses to questions on Schedule K (see instructions). Part VI
JSA Schedule K (Form 990) 20111E1296 1.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
MASSACHUSETTS HEALTH & EDUCATIONAL FAC.
X
X
X
X
2.6977
2.6977
X
XX
X
X
XX
X
X
X
X
2.8087
2.8087
X
XX
X
X
XX
X
X
X
X
2.5684
2.5684
X
XX
X
X
XX
X
X
X
X
3.9922
3.9922
X
XX
X
X
XX
X
SEE SCHEDULE O. NOTE ALSO THAT IT IS MIT'S POLICY TO COMPLY WITH THESAFE HARBORS OF REV PROCS 07-47 AND 97-13.
3947BC A19F MIT PAGE 59
OMB No. 1545-0047SCHEDULE L Transactions With Interested Persons(Form 990 or 990-EZ) IComplete if the organization answered
"Yes" on Form 990, Part IV, line 25a, 25b, 26, 27, 28a, 28b, or 28c,or Form 990-EZ, Part V, line 38a or 40b.
À¾µµDepartment of the TreasuryInternal Revenue Service
Open To Public Inspection I IAttach to Form 990 or Form 990-EZ. See separate instructions.
Name of the organization Employer identification number
Excess Benefit Transactions (section 501(c)(3) and section 501(c)(4) organizations only).Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.
Part I
(c) Corrected?(a) Name of disqualified person1 (b) Description of transaction
Yes No
(1)
(2)
(3)
(4)
(5)
(6)
2
3
Enter the amount of tax imposed on the organization managers or disqualified persons during the yearunder section 4958Enter the amount of tax, if any, on line 2, above, reimbursed by the organization
II
$$
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
Loans to and/or From Interested Persons.Complete if the organization answered "Yes" on Form 990, Part IV, line 26, or Form 990-EZ, Part V, line 38a.
Part II
(a) Name of interested person and purpose (b) Loan to or from
the organization?
(c) Originalprincipal amount
(d) Balance due (e) In default? (f) Approvedby board orcommittee?
(g) Writtenagreement?
To From Yes No Yes No Yes No
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
ITotal $mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmGrants or Assistance Benefiting Interested Persons.Complete if the organization answered "Yes" on Form 990, Part IV, line 27.
Part III
(a) Name of interested person (b) Relationship between interested person and theorganization
(c) Amount and type of assistance
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ. Schedule L (Form 990 or 990-EZ) 2011
JSA
1E1297 1.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
R. GREGORY MORGAN MORTGAGE X 200,000. 40,000. X X X
DAVID SCHMITTLEIN MORTGAGE X 250,000. 50,000. X X X
RICHARD LOCKE MORTGAGE X 300,000. 300,000. X X X
SUSAN HOCKFIELD MORTGAGE X 500,000. 500,000. X X X
890,000.
CHILDREN'S SCHOLARSHIP CHILDREN OF QUALIFIED FACULTY 26,310. SCHOLARSHIP
3947BC A19F MIT PAGE 60
Schedule L (Form 990 or 990-EZ) 2011 Page 2
Business Transactions Involving Interested Persons.Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.
Part IV
(a) Name of interested person (b) Relationship betweeninterested person and the
organization
(c) Amount oftransaction
(d) Description of transaction (e) Sharing oforganization's
revenues?
Yes No
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
Supplemental InformationComplete this part to provide additional information for responses to questions on Schedule L (see instructions).
Part V
JSA Schedule L (Form 990 or 990-EZ) 20111E1507 2.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
SEE PART V X
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
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 $3,003,421.
L. RAFAEL REIF IS THE PROVOST OF MIT AND A MEMBER OF THE BOARD OF
SCHLUMBERGER LIMITED. MIT RECEIVED INDUSTRIAL LIASION PROGRAM MEMBERSHIP
PAYMENT FROM SCHLUMBERGER LIMITED IN THE AMOUNT OF $60,000. MIT ALSO
3947BC A19F MIT PAGE 61
Schedule L (Form 990 or 990-EZ) 2011 Page 2
Business Transactions Involving Interested Persons.Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.
Part IV
(a) Name of interested person (b) Relationship betweeninterested person and the
organization
(c) Amount oftransaction
(d) Description of transaction (e) Sharing oforganization's
revenues?
Yes No
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
Supplemental InformationComplete this part to provide additional information for responses to questions on Schedule L (see instructions).
Part V
JSA Schedule L (Form 990 or 990-EZ) 20111E1507 2.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
RECEIVED SPONSORED RESEARCH REVENUE FROM SCHLUMBERGER LIMITED IN THE
AMOUNT OF $1,396,972.
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 $126,730. MIT ALSO RECEIVED SPONSORED
RESEARCH REVENUE FROM ANALOG DEVICES, INC.IN THE AMOUNT OF $259,375.
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 $49,227. MIT RECEIVED SPONSORED RESEARCH REVENUE IN THE AMOUNT OF
$863,438 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
3947BC A19F MIT PAGE 62
Schedule L (Form 990 or 990-EZ) 2011 Page 2
Business Transactions Involving Interested Persons.Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.
Part IV
(a) Name of interested person (b) Relationship betweeninterested person and the
organization
(c) Amount oftransaction
(d) Description of transaction (e) Sharing oforganization's
revenues?
Yes No
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
Supplemental InformationComplete this part to provide additional information for responses to questions on Schedule L (see instructions).
Part V
JSA Schedule L (Form 990 or 990-EZ) 20111E1507 2.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
DIRECTOR, OFFICER OR KEY EMPLOYEE. IN FY 2012, THEY RECEIVED COMPENSATION
AND BENEFITS IN THE AMOUNTS OF $147,134, $210,608 AND $190,145
RESPECTIVELY.
3947BC A19F MIT PAGE 63
OMB No. 1545-0047SCHEDULE M Noncash Contributions(Form 990) IComplete if the organizations answered "Yes" on Form990, Part IV, lines 29 or 30.
À¾µµDepartment of the TreasuryInternal Revenue Service
Open To Public Inspection IAttach to Form 990.
Name of the organization Employer identification number
Types of Property Part I (c)
Noncash contributionamounts reported on
Form 990, Part VIII, line 1g
(a)Check if
applicable
(b)Number of contributions or
items contributed
(d)Method of determining
noncash contribution amounts
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
Art - Works of artArt - Historical treasuresArt - Fractional interestsBooks and publicationsClothing and householdgoodsCars and other vehiclesBoats and planesIntellectual propertySecurities - Publicly tradedSecurities - Closely held stockSecurities - Partnership, LLC,or trust interestsSecurities - MiscellaneousQualified conservationcontribution - HistoricstructuresQualified conservationcontribution - OtherReal estate - ResidentialReal estate - CommercialReal estate - OtherCollectiblesFood inventoryDrugs and medical suppliesTaxidermyHistorical artifactsScientific specimensArcheological artifacts
mmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
IIII
OtherOtherOtherOther
((((
))))
29 Number of Forms 8283 received by the organization during the tax year for contributions forwhich the organization completed Form 8283, Part IV, Donee Acknowledgement 29mmmmmmmmm
Yes No
30
31
32
33
a
b
a
b
During the year, did the organization receive by contribution any property reported in Part I, lines 1-28 thatit must hold for at least three years from the date of the initial contribution, and which is not required to beused for exempt purposes for the entire holding period? 30ammmmmmmmmmmmmmmmmmmmmmmmmmmmmmmIf "Yes," describe the arrangement in Part II.Does the organization have a gift acceptance policy that requires the review of any non-standardcontributions? 31mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmDoes the organization hire or use third parties or related organizations to solicit, process, or sell noncashcontributions? 32ammmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmIf "Yes," describe in Part II.If the organization did not report an amount in column (c) for a type of property for which column (a) is checked,describe in Part II.
For Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule M (Form 990) (2011)
JSA
1E1298 1.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
X 46. 0 N/A
X N/A
X N/A
X 623. 12,621,000. SELLING PRICEX 13. 10,043,000. SELL PRICE/APPRAISAL
X 6. 1,447,000. SELL PRICE/APPRAISALX 9. 39,000. SELL PRICE/APPRAISAL
X 1. 0 N/A
19. 394,000.ATCH 1
3.
X
X
X
3947BC A19F MIT PAGE 64
Schedule M (Form 990) (2011) Page 2
Supplemental Information. Complete this part to provide the information required by Part I, lines 30b, 32b,and 33. Also complete this part for any additional information.
Part II
Schedule M (Form 990) (2011)JSA
1E1508 2.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
PART I, LINES 1 - 28
THE NUMBER LISTED IN PART I, COLUMN (B) FOR APPLICABLE LINES 1 THROUGH 28
REPRESENT THE NUMBER OF CONTRIBUTIONS.
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.
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.
3947BC A19F MIT PAGE 65
Schedule M (Form 990) (2011) Page 2
Supplemental Information. Complete this part to provide the information required by Part I, lines 30b, 32b,and 33. Also complete this part for any additional information.
Part II
Schedule M (Form 990) (2011)JSA
1E1508 2.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
ATTACHMENT 1
SCHEDULE M, PART I - OTHER NONCASH CONTRIBUTIONS
(B) NUMBER OF (C) REVENUES (D) METHOD OF DESCRIPTION (A) CHECK CONTRIBUTIONS REPORTED DETERMINING
EQUIPMENT X 8. 394,000. FAIR MARKET VALUE
ARCHIVAL RECORDS X 7. 0 N/A
OTHER X 4. 0 N/A
TOTALS 19. 394,000.
3947BC A19F MIT PAGE 66
Supplemental Information to Form 990 or 990-EZOMB No. 1545-0047SCHEDULE O
(Form 990 or 990-EZ)
Complete to provide information for responses to specific questions onForm 990 or 990-EZ or to provide any additional information.
Attach to Form 990 or 990-EZ.
À¾µµ Open to Public Inspection
Department of the TreasuryInternal Revenue Service IName of the organization Employer identification number
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ. Schedule O (Form 990 or 990-EZ) (2011)
JSA1E1227 2.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
PART III, LINE 4B (CONTINUED)
MIT LINCOLN LABORATORY IS A FEDERALLY FUNDED RESEARCH AND DEVELOPMENT
CENTER OPERATED BY MIT IN LEXINGTON, MASSACHUSETTS, UNDER SPONSORSHIP OF
THE DEPARTMENT OF DEFENSE, FOR THE PURPOSE OF APPLYING ADVANCED
TECHNOLOGY TO PROBLEMS OF NATIONAL SECURITY. IN THE FISCAL YEAR ENDED
JUNE 30, 2012, MIT LINCOLN LABORATORY EXPENDED RESEARCH FUNDING OF
APPROXIMATELY $850 MILLION. PART III, LINE 4D 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.
PART IV, LINE 20A
MIT NO LONGER OPERATED A HOSPITAL FACILITY IN FISCAL YEAR 2012. THE
MASSACHUSETTS DEPARTMENT OF PUBLIC HEALTH ISSUED A NEW CLINIC LICENSE FOR
MIT'S SCHOOL INFIRMARY, MIT MEDICAL, EFFECTIVE IN FISCAL YEAR 2011. AS A
RESULT OF THE CHANGE IN MIT MEDICAL'S LICENSE FROM THAT OF A HOSPITAL TO
THAT OF A CLINIC, MIT IS NOT REQUIRED TO FILE A SCHEDULE H FOR FISCAL
YEAR 2012.
PART V, LINE 4B
NAMES OF FOREIGN COUNTRIES: ARGENTINA, BERMUDA, BRAZIL, CAYMAN ISLANDS,
3947BC A19F MIT PAGE 67
Schedule O (Form 990 or 990-EZ) 2011 Page 2
Name of the organization Employer identification number
Schedule O (Form 990 or 990-EZ) 2011JSA
1E1228 2.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
CHILE, GUERNSEY, HUNGARY, INDIA, ISRAEL, JORDAN, REPUBLIC OF KOREA,
MALAYLSIA, PHILIPPINES, ROMANIA, SINGAPORE, TAIWAN, THAILAND, TURKEY,
UNITED KINGDOM
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, AND CONTROLS, SPECIAL
CONTRACT SERVICES, AND FACULTY TENURE DECISION APPROVAL.
THE EXECUTIVE COMMITTEE CONSISTS OF 12 MEMBERS AND MEETS 10 TIMES EACH
YEAR. THE MIT CORPORATION IS A BODY CURRENTLY COMPRISED OF 72 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.
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
3947BC A19F MIT PAGE 68
Schedule O (Form 990 or 990-EZ) 2011 Page 2
Name of the organization Employer identification number
Schedule O (Form 990 or 990-EZ) 2011JSA
1E1228 2.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
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
CLAUDE R. 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. SETH ALEXANDER IS THE TREASURER AND STEVEN MARSH IS A MEMBER OF
THE MIT PRIVATE EQUITY FUNDS.
PART VI, 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.
PART VI, 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.
PART VI, LINE 11
MIT'S OFFICERS RESPONSIBLE FOR MIT'S TAX MATTERS PREPARE MIT'S FORM 990
3947BC A19F MIT PAGE 69
Schedule O (Form 990 or 990-EZ) 2011 Page 2
Name of the organization Employer identification number
Schedule O (Form 990 or 990-EZ) 2011JSA
1E1228 2.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
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 AUDIT COMMITTEE AND EXECUTIVE
COMMITTEE (MIT'S GOVERNING BODY) ARE PROVIDED WITH THE FORM AND RELATED
SCHEDULES FOR THEIR REVIEW AND COMMENT.
PART VI, 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
3947BC A19F MIT PAGE 70
Schedule O (Form 990 or 990-EZ) 2011 Page 2
Name of the organization Employer identification number
Schedule O (Form 990 or 990-EZ) 2011JSA
1E1228 2.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
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.
PART VI, LINE 15
THE SALARY SUBCOMMITTEE, A SUBCOMMITTEE OF THE EXECUTIVE COMMITTEE OF THE
MIT CORPORATION, REVIEWS DATA REGARDING PAY COMPARISONS OF OTHER PEER
3947BC A19F MIT PAGE 71
Schedule O (Form 990 or 990-EZ) 2011 Page 2
Name of the organization Employer identification number
Schedule O (Form 990 or 990-EZ) 2011JSA
1E1228 2.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
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.
PART VI, LINE 19
THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND
FINANCIAL STATEMENTS ARE AVAILABLE ON MIT'S WEBSITE HTTP://WEB.MIT.EDU.
PART XI, LINE 5
THE OTHER CHANGES IN NET ASSETS INCLUDES INVESTMENT GAINS NOT
DISTRIBUTED.
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.
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
3947BC A19F MIT PAGE 72
Schedule O (Form 990 or 990-EZ) 2011 Page 2
Name of the organization Employer identification number
Schedule O (Form 990 or 990-EZ) 2011JSA
1E1228 2.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
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
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.ATTACHMENT 1
990, PART VII- COMPENSATION OF THE FIVE HIGHEST PAID IND. CONTRACTORS
NAME AND ADDRESS DESCRIPTION OF SERVICES COMPENSATION
WILLIAM A BERRY & SONS INC CONSTRUCTION 14,197,446.99 CONIFER HILL DRIVEDANVERS, MA 01923
WALSH BROTHERS INC CONSTRUCTION 12,548,677.210 COMMERCIAL STREETBOSTON, MA 02109
BOND BROTHERS INC CONSTRUCTION 15,004,860.145 SPRING STREETEVERETT, MA 02149
3947BC A19F MIT PAGE 73
Schedule O (Form 990 or 990-EZ) 2011 Page 2
Name of the organization Employer identification number
Schedule O (Form 990 or 990-EZ) 2011JSA
1E1228 2.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594ATTACHMENT 1 (CONT'D)
990, PART VII- COMPENSATION OF THE FIVE HIGHEST PAID IND. CONTRACTORS
NAME AND ADDRESS DESCRIPTION OF SERVICES COMPENSATION
SHAWMUT DESIGN & CONSTRUCTION CO CONSTRUCTION 49,968,139.560 HARRISON AVEBOSTON, MA 02118
ALEXANDRIA REAL ESTATE INC (AREE) MANAGEMENT 10,702,062.700 TECHNOLOGY SQUARECAMBRIDGE, MA 02139
TOTAL COMPENSATION 102,421,184.
ATTACHMENT 2FORM 990, PART IX - OTHER EXPENSES
(A) (B) (C) (D) TOTAL PROGRAM MANAGEMENT FUNDRAISING
DESCRIPTION EXPENSES SERVICE EXP. AND GENERAL EXPENSES
ALL OTHER EXPENSES 346,436,000. 184,109,000. 160,613,000. 1,714,000.
TOTALS 346,436,000. 184,109,000. 160,613,000. 1,714,000.
3947BC A19F MIT PAGE 74
OMB No. 1545-0047SCHEDULE R(Form 990)
Related Organizations and Unrelated PartnershipsÀ¾µµ
IComplete if the organization answered "Yes" to Form 990, Part IV, line 33, 34, 35, 36, or 37.Department of the TreasuryInternal Revenue Service
Open to Public
Inspection I IAttach to Form 990. See separate instructions.
Name of the organization Employer identification number
Identification of Disregarded Entities (Complete if the organization answered "Yes" to Form 990, Part IV, line 33.) Part I
(a)
Name, address, and EIN of disregarded entity(b)
Primary activity(c)
Legal domicile (stateor foreign country)
(d)Total income
(e)End-of-year assets
(f)Direct controlling
entity
(1)
(2)
(3)
(4)
(5)
(6)
Identification of Related Tax-Exempt Organizations (Complete if the organization answered "Yes" to Form 990, Part IV, line 34 because it hadone or more related tax-exempt organizations during the tax year.) Part II
(a)
Name, address, and EIN of related organization(b)
Primary activity(c)
Legal domicile (stateor foreign country)
(d)
Exempt Code section
(e)
Public charity status(if section 501(c)(3))
(f)
Direct controllingentity
(g)Section 512(b)(13)
controlledentity?
Yes No
(1)
(2)
(3)
(4)
(5)
(6)
(7)
For Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule R (Form 990) 2011
JSA
1E1307 1.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
MIT REAL ESTATE, LLC 81-0643869C/O MIT 238 MAIN STREET, SUITE CAMBRIDGE, MA 02142 REAL ESTATE MA 2,018,980. 55,775,000. MIT
TECHNOLOGY SQUARE FINANCE, LLC 81-0643894C/O MIT 238 MAIN STREET, SUITE CAMBRIDGE, MA 02142 REAL ESTATE MA -9,594. 669,145. MIT
MIT ONE BROADWAY LLC 04-2103594C/O MIT 238 MAIN STREET, SUITE CAMBRIDGE, MA 02142 REAL ESTATE MA 6,675,757. 120000000. MIT
MIT 130 BROOKLINE LLC 04-2103594C/O MIT 238 MAIN STREET, SUITE CAMBRIDGE, MA 02142 REAL ESTATE MA 0 1,659,655. MIT
MIT VASSAR HOLDINGS LLC 04-2103594C/O MIT 238 MAIN STREET, SUITE CAMBRIDGE, MA 02142 REAL ESTATE MA -121,446. 0 MIT
TECH SQUARE JV LLC 20-5242541C/O MIT 238 MAIN STREET, SUITE CAMBRIDGE, MA 02142 REAL ESTATE MA 1,817,509. 53,140,000. MIT
MIT ENTERPRISE FORUM, INC. 04-292149277 MASSACHUSETTS AVENUE CAMBRIDGE, MA 02139 EDUCATION MA 501(C)(3) 11A TYPE I MIT XMIT REAL ESTATE FOUNDATION, INC. 04-3397800238 MAIN STREET, SUITE 200 CAMBRIDGE, MA 02142 REAL ESTATE MA 501(C)(3) 11A TYPE I MIT XTECHNOLOGY REVIEW, INC. 95-4893200ONE MAIN STREET, 7TH FLOOR CAMBRIDGE, MA 02142 PUBLICATION MA 501(C)(3) 11A TYPE I MIT XTECHNOLOGY BROADCASTING CORPORATION 23-71546843 AMES STREET CAMBRIDGE, MA 02142 RADIO MA 501(C)(3) LINE 9 MIT XLORD FOUNDATION OF MASSACHUSETTS, INC. 04-2748895238 MAIN STREET, SUITE 200 CAMBRIDGE, MA 02142 MIT SUPPORT MA 501(C)(3) 11A TYPE I MIT XMIT RETIREE WELFARE BENEFIT TRUST 04-317755677 MASSACHUSETTS AVE.; NE49-31 CAMBRIDGE, MA 02139 HEALTH BEN. MA 501(C)(3) 11A TYPE I MIT XKENDALL PARTNERS I, INC. 27-0565900238 MAIN ST STE 200 CAMBRIDGE, MA 02142 TITLE HOLD MA 501(C)(2) MIT X
3947BC A19F MIT PAGE 75
OMB No. 1545-0047SCHEDULE R(Form 990)
Related Organizations and Unrelated PartnershipsÀ¾µµ
IComplete if the organization answered "Yes" to Form 990, Part IV, line 33, 34, 35, 36, or 37.Department of the TreasuryInternal Revenue Service
Open to Public
Inspection I IAttach to Form 990. See separate instructions.
Name of the organization Employer identification number
Identification of Disregarded Entities (Complete if the organization answered "Yes" to Form 990, Part IV, line 33.) Part I
(a)
Name, address, and EIN of disregarded entity(b)
Primary activity(c)
Legal domicile (stateor foreign country)
(d)Total income
(e)End-of-year assets
(f)Direct controlling
entity
(1)
(2)
(3)
(4)
(5)
(6)
Identification of Related Tax-Exempt Organizations (Complete if the organization answered "Yes" to Form 990, Part IV, line 34 because it hadone or more related tax-exempt organizations during the tax year.) Part II
(a)
Name, address, and EIN of related organization(b)
Primary activity(c)
Legal domicile (stateor foreign country)
(d)
Exempt Code section
(e)
Public charity status(if section 501(c)(3))
(f)
Direct controllingentity
(g)Section 512(b)(13)
controlledentity?
Yes No
(1)
(2)
(3)
(4)
(5)
(6)
(7)
For Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule R (Form 990) 2011
JSA
1E1307 1.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
MIT 600 MEMORIAL DRIVE LLC 04-2103594C/O MIT 238 MAIN STREET, SUITE CAMBRIDGE, MA 02142 REAL ESTATE MA 0 0 MIT
MIT 170/171 SIDNEY LLC 04-2103594C/O MIT 238 MAIN STREET, SUITE CAMBRIDGE, MA 02142 REAL ESTATE MA 121,138. 2,880,000. MIT
MIT 300 THIRD LLC 04-2103594C/O MIT 238 MAIN STREET, SUITE CAMBRIDGE, MA 02142 REAL ESTATE MA 773,454. 17,970,000. MIT
MIT 770/790 MEMORIAL LLC 04-2103594C/O MIT 238 MAIN STREET, SUITE CAMBRIDGE, MA 02142 REAL ESTATE MA 574,904. 13,320,000. MIT
MIT 99 ERIE LLC 04-2103594C/O MIT 238 MAIN STREET, SUITE CAMBRIDGE, MA 02142 REAL ESTATE MA 127,707. 3,025,000. MIT
MIT 128 SIDNEY SPE LLC 04-2103594C/O MIT 238 MAIN STREET, SUITE CAMBRIDGE, MA 02142 REAL ESTATE MA 2,083,682. 21,000,000. MIT
THE MASSACHUSETTS GREEN HIGH PERFORMANCE 27-3014805100 BIGELOW STREET HOLYOKE, MA 01040 RESEARCH MA 501(C)(3) 11A TYPE I N/A XMGHPCC HOLYOKE, INC 45-2257442100 BIGELOW STREET HOLYOKE, MA 01040 RESEARCH MA 501(C)(3) 11A TYPE I N/A X
3947BC A19F MIT PAGE 76
OMB No. 1545-0047SCHEDULE R(Form 990)
Related Organizations and Unrelated PartnershipsÀ¾µµ
IComplete if the organization answered "Yes" to Form 990, Part IV, line 33, 34, 35, 36, or 37.Department of the TreasuryInternal Revenue Service
Open to Public
Inspection I IAttach to Form 990. See separate instructions.
Name of the organization Employer identification number
Identification of Disregarded Entities (Complete if the organization answered "Yes" to Form 990, Part IV, line 33.) Part I
(a)
Name, address, and EIN of disregarded entity(b)
Primary activity(c)
Legal domicile (stateor foreign country)
(d)Total income
(e)End-of-year assets
(f)Direct controlling
entity
(1)
(2)
(3)
(4)
(5)
(6)
Identification of Related Tax-Exempt Organizations (Complete if the organization answered "Yes" to Form 990, Part IV, line 34 because it hadone or more related tax-exempt organizations during the tax year.) Part II
(a)
Name, address, and EIN of related organization(b)
Primary activity(c)
Legal domicile (stateor foreign country)
(d)
Exempt Code section
(e)
Public charity status(if section 501(c)(3))
(f)
Direct controllingentity
(g)Section 512(b)(13)
controlledentity?
Yes No
(1)
(2)
(3)
(4)
(5)
(6)
(7)
For Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule R (Form 990) 2011
JSA
1E1307 1.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
MIT 148 SIDNEY SPE LLC 04-2103594C/O MIT 238 MAIN STREET, SUITE CAMBRIDGE, MA 02142 REAL ESTATE MA 557,611. 8,000,000. MIT
MIT 149 SIDNEY SPE LLC 04-2103594C/O MIT 238 MAIN STREET, SUITE CAMBRIDGE, MA 02142 REAL ESTATE MA 1,359,001. 17,850,000. MIT
MIT 185 ALBANY SPE LLC 04-2103594C/O MIT 238 MAIN STREET, SUITE CAMBRIDGE, MA 02142 REAL ESTATE MA 0 0 MIT
MIT 195 ALBANY SPE LLC 04-2103594C/O MIT 238 MAIN STREET, SUITE CAMBRIDGE, MA 02142 REAL ESTATE MA -633,716. 10,000,000. MIT
MIT 207 ALBANY SPE LLC 04-2103594C/O MIT 238 MAIN STREET, SUITE CAMBRIDGE, MA 02142 REAL ESTATE MA -51,007. -4,000,000. MIT
MIT 640 MEMORIAL SPE LLC 04-2103594C/O MIT 238 MAIN STREET, SUITE CAMBRIDGE, MA 02142 REAL ESTATE MA 10. 198. MIT
3947BC A19F MIT PAGE 77
OMB No. 1545-0047SCHEDULE R(Form 990)
Related Organizations and Unrelated PartnershipsÀ¾µµ
IComplete if the organization answered "Yes" to Form 990, Part IV, line 33, 34, 35, 36, or 37.Department of the TreasuryInternal Revenue Service
Open to Public
Inspection I IAttach to Form 990. See separate instructions.
Name of the organization Employer identification number
Identification of Disregarded Entities (Complete if the organization answered "Yes" to Form 990, Part IV, line 33.) Part I
(a)
Name, address, and EIN of disregarded entity(b)
Primary activity(c)
Legal domicile (stateor foreign country)
(d)Total income
(e)End-of-year assets
(f)Direct controlling
entity
(1)
(2)
(3)
(4)
(5)
(6)
Identification of Related Tax-Exempt Organizations (Complete if the organization answered "Yes" to Form 990, Part IV, line 34 because it hadone or more related tax-exempt organizations during the tax year.) Part II
(a)
Name, address, and EIN of related organization(b)
Primary activity(c)
Legal domicile (stateor foreign country)
(d)
Exempt Code section
(e)
Public charity status(if section 501(c)(3))
(f)
Direct controllingentity
(g)Section 512(b)(13)
controlledentity?
Yes No
(1)
(2)
(3)
(4)
(5)
(6)
(7)
For Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule R (Form 990) 2011
JSA
1E1307 1.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
MIT ONE BROADWAY FEE OWNER LLC 04-2103594C/O MIT 238 MAIN STREET, SUITE CAMBRIDGE, MA 02142 REAL ESTATE MA 120. 2,360. MIT
MIT 128 SIDNEY LEASEHOLD LLC 04-2103594C/O MIT 238 MAIN STREET, SUITE CAMBRIDGE, MA 02142 REAL ESTATE MA 120. 2,360. MIT
MIT 148 SIDNEY LEASEHOLD LLC 04-2103594C/O MIT 238 MAIN STREET, SUITE CAMBRIDGE, MA 02142 REAL ESTATE MA 120. 2,355. MIT
MIT 149 SIDNEY LEASEHOLD LLC 04-2103594C/O MIT 238 MAIN STREET, SUITE CAMBRIDGE, MA 02142 REAL ESTATE MA 120. 2,355. MIT
177 MASSACHUSETTS AVENUE LEASEHOLD LLC 04-2103594C/O MIT 238 MAIN STREET, SUITE CAMBRIDGE, MA 02142 REAL ESTATE MA 10. 197. MIT
MIT WEST 300 BLOCK JV LLC 04-2103594C/O MIT 238 MAIN STREET, SUITE CAMBRIDGE, MA 02142 REAL ESTATE MA 0 270,514. MIT
3947BC A19F MIT PAGE 78
OMB No. 1545-0047SCHEDULE R(Form 990)
Related Organizations and Unrelated PartnershipsÀ¾µµ
IComplete if the organization answered "Yes" to Form 990, Part IV, line 33, 34, 35, 36, or 37.Department of the TreasuryInternal Revenue Service
Open to Public
Inspection I IAttach to Form 990. See separate instructions.
Name of the organization Employer identification number
Identification of Disregarded Entities (Complete if the organization answered "Yes" to Form 990, Part IV, line 33.) Part I
(a)
Name, address, and EIN of disregarded entity(b)
Primary activity(c)
Legal domicile (stateor foreign country)
(d)Total income
(e)End-of-year assets
(f)Direct controlling
entity
(1)
(2)
(3)
(4)
(5)
(6)
Identification of Related Tax-Exempt Organizations (Complete if the organization answered "Yes" to Form 990, Part IV, line 34 because it hadone or more related tax-exempt organizations during the tax year.) Part II
(a)
Name, address, and EIN of related organization(b)
Primary activity(c)
Legal domicile (stateor foreign country)
(d)
Exempt Code section
(e)
Public charity status(if section 501(c)(3))
(f)
Direct controllingentity
(g)Section 512(b)(13)
controlledentity?
Yes No
(1)
(2)
(3)
(4)
(5)
(6)
(7)
For Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule R (Form 990) 2011
JSA
1E1307 1.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
650 MAIN STREET LEASEHOLD LLC 04-2103594C/O MIT 238 MAIN STREET, SUITE CAMBRIDGE, MA 02142 REAL ESTATE MA 120. 2,360. MIT
MIT 177 MASSACHUSETTS AVENUE LLC 04-2103594C/O MIT 238 MAIN STREET, SUITE CAMBRIDGE, MA 02142 REAL ESTATE MA 6,722,660. 217100000. MIT
MIT 650 MAIN STREET LLC 04-2103594C/O MIT 238 MAIN STREET, SUITE CAMBRIDGE, MA 02142 REAL ESTATE MA 141,270. 62,336,832. MIT
MIT EAST 300 BLOCK JV LLC 04-2103594C/O MIT 238 MAIN STREET, SUITE CAMBRIDGE, MA 02142 REAL ESTATE MA -92. 921,176. MIT
MIT 8 CARLETON STREET LLC 04-2103594C/O MIT 238 MAIN STREET, SUITE CAMBRIDGE, MA 02142 REAL ESTATE MA -264,654. 1,700,000. MIT
MIT 640 MEMORIAL LEASEHOLD LLC 46-1548002C/O MIT 238 MAIN STREET, SUITE CAMBRIDGE, MA 02142 REAL ESTATE MA 1,520,872. 107500000. MIT
3947BC A19F MIT PAGE 79
OMB No. 1545-0047SCHEDULE R(Form 990)
Related Organizations and Unrelated PartnershipsÀ¾µµ
IComplete if the organization answered "Yes" to Form 990, Part IV, line 33, 34, 35, 36, or 37.Department of the TreasuryInternal Revenue Service
Open to Public
Inspection I IAttach to Form 990. See separate instructions.
Name of the organization Employer identification number
Identification of Disregarded Entities (Complete if the organization answered "Yes" to Form 990, Part IV, line 33.) Part I
(a)
Name, address, and EIN of disregarded entity(b)
Primary activity(c)
Legal domicile (stateor foreign country)
(d)Total income
(e)End-of-year assets
(f)Direct controlling
entity
(1)
(2)
(3)
(4)
(5)
(6)
Identification of Related Tax-Exempt Organizations (Complete if the organization answered "Yes" to Form 990, Part IV, line 34 because it hadone or more related tax-exempt organizations during the tax year.) Part II
(a)
Name, address, and EIN of related organization(b)
Primary activity(c)
Legal domicile (stateor foreign country)
(d)
Exempt Code section
(e)
Public charity status(if section 501(c)(3))
(f)
Direct controllingentity
(g)Section 512(b)(13)
controlledentity?
Yes No
(1)
(2)
(3)
(4)
(5)
(6)
(7)
For Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule R (Form 990) 2011
JSA
1E1307 1.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
MIT 424-456 MASSACHUSETTS AVENUE LLC 04-2103594C/O MIT 238 MAIN STREET, SUITE CAMBRIDGE, MA 02142 REAL ESTATE MA 294,981. 5,600,000. MIT
424-456 MASSACHUSETTS AVENUE LEASEHOLD L 04-2103594C/O MIT 238 MAIN STREET, SUITE CAMBRIDGE, MA 02142 REAL ESTATE MA 10. 198. MIT
MIT 281-295 ALBANY STREET LLC 04-2103594C/O MIT 238 MAIN STREET, SUITE CAMBRIDGE, MA 02142 REAL ESTATE MA 855,950. 16,000,000. MIT
281-295 ALBANY STREET LEASEHOLD LLC 04-2103594C/O MIT 238 MAIN STREET, SUITE CAMBRIDGE, MA 02142 REAL ESTATE MA 10. 199. MIT
MEADOWLARK ASSOCIATES, LLC 04-2103594C/O MIT 238 MAIN STREET, SUITE CAMBRIDGE, MA 02142 INVESTMENTS MA 26,229,400. 133140710. MIT
MIT PRIVATE EQUITY MANAGEMENT CO II, LLCC/O MIT 238 MAIN STREET, SUITE CAMBRIDGE, MA 02142 INVESTMENTS MA -160,097. 237. MIT
3947BC A19F MIT PAGE 80
OMB No. 1545-0047SCHEDULE R(Form 990)
Related Organizations and Unrelated PartnershipsÀ¾µµ
IComplete if the organization answered "Yes" to Form 990, Part IV, line 33, 34, 35, 36, or 37.Department of the TreasuryInternal Revenue Service
Open to Public
Inspection I IAttach to Form 990. See separate instructions.
Name of the organization Employer identification number
Identification of Disregarded Entities (Complete if the organization answered "Yes" to Form 990, Part IV, line 33.) Part I
(a)
Name, address, and EIN of disregarded entity(b)
Primary activity(c)
Legal domicile (stateor foreign country)
(d)Total income
(e)End-of-year assets
(f)Direct controlling
entity
(1)
(2)
(3)
(4)
(5)
(6)
Identification of Related Tax-Exempt Organizations (Complete if the organization answered "Yes" to Form 990, Part IV, line 34 because it hadone or more related tax-exempt organizations during the tax year.) Part II
(a)
Name, address, and EIN of related organization(b)
Primary activity(c)
Legal domicile (stateor foreign country)
(d)
Exempt Code section
(e)
Public charity status(if section 501(c)(3))
(f)
Direct controllingentity
(g)Section 512(b)(13)
controlledentity?
Yes No
(1)
(2)
(3)
(4)
(5)
(6)
(7)
For Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule R (Form 990) 2011
JSA
1E1307 1.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
MIT PRIVATE EQUITY MANAGEMENT CO III LLCC/O MIT 238 MAIN STREET, SUITE CAMBRIDGE, MA 02142 INVESTMENTS MA -281,820. 287. MIT
BLUE JAY ASSOCIATES LLCC/O MIT 238 MAIN STREET, SUITE CAMBRIDGE, MA 02142 INVESTMENTS MA MIT
12 EMILY STREET LEASEHOLD LLC 04-2103594C/O MIT 238 MAIN STREET, SUITE CAMBRIDGE, MA 02142 REAL ESTATE MA 0 0 MIT
MIT 12 EMILY STREET LLC 04-2103594C/O MIT 238 MAIN STREET, SUITE CAMBRIDGE, MA 02142 REAL ESTATE MA 857,139. 12,000,000. MIT
MIT WEST 300BLOCK MASS AVE FEE OWNER LLC 04-2103594C/O MIT 238 MAIN STREET, SUITE CAMBRIDGE, MA 02142 REAL ESTATE MA 0 0 MIT
3947BC A19F MIT PAGE 81
Schedule R (Form 990) 2011 Page 2
Identification of Related Organizations Taxable as a Partnership (Complete if the organization answered "Yes" to Form 990, Part IV, line 34because it had one or more related organizations treated as a partnership during the tax year.)
Part III
(a)Name, address, and EIN
ofrelated organization
(b)Primary activity
(c)Legal
domicile(state orforeign
country)
(d)Direct controlling
entity
(e)Predominant
income (related,unrelated,
excluded fromtax under
sections 512-514)
(f)Share of total
income
(g)Share of end-of-year
assets
(h)Disproportionate
allocations?
(i)Code V-UBI
amount in box 20of
Schedule K-1(Form 1065)
(j)General ormanagingpartner?
(k)Percentageownership
Yes No Yes No
(1)
(2)
(3)
(4)
(5)
(6)
(7)
Identification of Related Organizations Taxable as a Corporation or Trust (Complete if the organization answered "Yes" to Form 990, Part IV,line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.)
Part IV
(a)Name, address, and EIN of related organization
(b)Primary activity
(c)Legal domicile
(state orforeign country)
(d)Direct controlling
entity
(e)Type of entity
(C corp, S corp,or trust)
(f)Share of total
income
(g)Share of
end-of-year assets
(h)Percentageownership
(1)
(2)
(3)
(4)
(5)
(6)
(7)
Schedule R (Form 990) 2011
JSA
1E1308 1.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
ALCHEMY PLAN (CAMBRIDGE), LP
98-0203250 INVESTMENTS GK MIT EXCLUDED 4,753,467. 27,935,215. X X 99.0100
MALLARD FUND, LP
20-8974201 INVESTMENTS TX MIT EXCLUDED 26,229,400. 133,140,710. X X 99.4126
WEXFORD SPECIAL SITUATION 1997
06-1483925 INVESTMENTS DE MIT EXCLUDED 1,208,061. 2,627,241. X 96,848. X 55.4170
WEXFORD-MIT ENERGY, LP
80-0057801 INVESTMENTS DE MIT EXCLUDED 107,165. 5,581,544. X -1,721,213. X 66.8670
WEXFORD-MIT ENERGY II, LP
76-0787877 INVESTMENTS DE MIT EXCLUDED 9,182,338. 21,953,918. X -1,363,460. X 90.9000
INDIA INSTITUTIONAL FUND LLC
98-0442802 INVESTMENTS DE MIT EXCLUDED 906,356. 19,626,756. X X 86.1758
WEXFORD-MIT DISTRESSED, LP
11-3650262 INVESTMENTS DE MIT EXCLUDED 2,954,476. 21,521,072. X 961,259. X 67.0223
BARTON INSURANCE CO., LTD.
CRAIG APPIN HOUSE, 8 WESLEY STREET HM JX HAMILTON, BERMUD INSURANCE BD MIT FOREIGN CORP 2,455,726. 8,396,778. 100.0000
MIT PRESS LIMITED
FITZROY HOUSE, 11 CHENIES STREET WC1E 7E LONDON, ENGLAND, PUBLICATION UK MIT FOREIGN CORP 1,627,903. 1,524,254. 100.0000
SINGAPORE-MIT ALLIANCE FOR RES AND TECH
3 SCIENCE DRIVE 2 2 117543 SINGAPORE, SINGAPORE, RESEARCH SN MIT FOREIGN CORP 0 32,874,300. 100.0000
MIT/PATRON GP LIMITED
50 LOTHIAN ROAD, FESTIVAL SQUARE EDINBURGH, INVESTMENTS UK MIT FOREIGN CORP 0 0 100.0000
BOSE CORPORATION
THE MOUNTAIN, FRAMINGHAM, MA 01701 PRODCT DEVELP DE N/A C CORP
CHARITABLE REMAINDER TRUSTS (272)
MIT SERVES AS TRUSTEE INVESTMENTS MA N/A TRUST
CHARITABLE LEAD TRUST
MIT SERVES AS TRUSTEE INVESTMENTS MA N/A TRUST
3947BC A19F MIT PAGE 82
Schedule R (Form 990) 2011 Page 2
Identification of Related Organizations Taxable as a Partnership (Complete if the organization answered "Yes" to Form 990, Part IV, line 34because it had one or more related organizations treated as a partnership during the tax year.)
Part III
(a)Name, address, and EIN
ofrelated organization
(b)Primary activity
(c)Legal
domicile(state orforeign
country)
(d)Direct controlling
entity
(e)Predominant
income (related,unrelated,
excluded fromtax under
sections 512-514)
(f)Share of total
income
(g)Share of end-of-year
assets
(h)Disproportionate
allocations?
(i)Code V-UBI
amount in box 20of
Schedule K-1(Form 1065)
(j)General ormanagingpartner?
(k)Percentageownership
Yes No Yes No
(1)
(2)
(3)
(4)
(5)
(6)
(7)
Identification of Related Organizations Taxable as a Corporation or Trust (Complete if the organization answered "Yes" to Form 990, Part IV,line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.)
Part IV
(a)Name, address, and EIN of related organization
(b)Primary activity
(c)Legal domicile
(state orforeign country)
(d)Direct controlling
entity
(e)Type of entity
(C corp, S corp,or trust)
(f)Share of total
income
(g)Share of
end-of-year assets
(h)Percentageownership
(1)
(2)
(3)
(4)
(5)
(6)
(7)
Schedule R (Form 990) 2011
JSA
1E1308 1.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
MIT INVESTMENTS 2009, L.P.
27-0896088 INVESTMENTS DE MIT EXCLUDED 13,955,047. 607,290,950. X -1,879,562. X 91.5722
STOCKBRIDGE FUND M, L.P.
27-2122022 INVESTMENTS MA MIT INVEST 2010 EXCLUDED 1,083,393. 75,693,060. X X 99.8953
MIT INVESTMENTS 2010, L.P.
27-0542081 INVESTMENTS DE MIT EXCLUDED 48,593,538. 1,558,554,467. X -27,344. X 100.0000
M/D INVESTORS VALUE FUND
30-0615514 INVESTMENTS DE MIT INVEST 2010 EXCLUDED 10,166,491. 103,015,182. X X 97.2300
MERCKX CAPITAL PARTNERS, LP
36-4711803 INVESTMENTS DE MIT INVEST 2010 EXCLUDED 105,705. 51,176,148. X X 90.6217
MFPLA, LP
45-3203773 INVESTMENTS DE MIT INVEST 2010 EXCLUDED 26,764. 100,316,056. X X 99.8000
MGPLA, LP
45-3625653 INVESTMENTS DE MIT INVEST 2010 EXCLUDED 58,148. 33,273,848. X X 99.9104
POOLED INCOME FUNDS (197)
MAINTAINED BY MIT INVESTMENTS MA N/A TRUST
CHARITABLE REMAINDER TRUSTS (23)
MIT AS BENEFICIARY, NOT TRUSTEE INVESTMENTS N/A TRUST
OUTSIDE PERPETUAL TRUSTS (18)
MIT AS BENEFICIARY ONLY INVESTMENTS N/A TRUST
THE GALLINULE FUND
PO BOX 309; UGLAND HOUUSE KY1-1104 INVESTMENTS CJ MIT INVEST 2010 FOREIGN CORP -1,369,996. 291,512,555. 100.0000
GAOLING FEEDER II, LTD
P.O. BOX 908GT MARY STREET KY1-9005 GEORGETOWN, CJ INVESTMENTS CJ MIT FOREIGN CORP 39,827,760. 370,159,624. 100.0000
MIT INDIA TRUST
PIROJSHANAGER, EASTERN EXPRESS HWY 40007 MUMBAI, IN EDUCATION SUP IN MIT FOREIGN TRUST 100.0000
MIT/PATRON SCOTLAND LP
50 LOTHIAN ROAD, FESTIVAL SQUARE EDINBURGH, INVESTMENTS UK MIT FOREIGN CORP -548,000. 15,457,000. 100.0000
3947BC A19F MIT PAGE 83
Schedule R (Form 990) 2011 Page 2
Identification of Related Organizations Taxable as a Partnership (Complete if the organization answered "Yes" to Form 990, Part IV, line 34because it had one or more related organizations treated as a partnership during the tax year.)
Part III
(a)Name, address, and EIN
ofrelated organization
(b)Primary activity
(c)Legal
domicile(state orforeign
country)
(d)Direct controlling
entity
(e)Predominant
income (related,unrelated,
excluded fromtax under
sections 512-514)
(f)Share of total
income
(g)Share of end-of-year
assets
(h)Disproportionate
allocations?
(i)Code V-UBI
amount in box 20of
Schedule K-1(Form 1065)
(j)General ormanagingpartner?
(k)Percentageownership
Yes No Yes No
(1)
(2)
(3)
(4)
(5)
(6)
(7)
Identification of Related Organizations Taxable as a Corporation or Trust (Complete if the organization answered "Yes" to Form 990, Part IV,line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.)
Part IV
(a)Name, address, and EIN of related organization
(b)Primary activity
(c)Legal domicile
(state orforeign country)
(d)Direct controlling
entity
(e)Type of entity
(C corp, S corp,or trust)
(f)Share of total
income
(g)Share of
end-of-year assets
(h)Percentageownership
(1)
(2)
(3)
(4)
(5)
(6)
(7)
Schedule R (Form 990) 2011
JSA
1E1308 1.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
MIT PRIVATE EQUITY MGMT CO LLC
04-3490002 INVESTMENTS MA MIT UNRELATED 126,147. 114,102. X 126,147. X 50.0000
MIT PRIVATE EQUITY MGMT CO IV
26-1356780 INVESTMENTS MA MIT UNRELATED 26,942. 43,524. X 26,942. X 50.0000
INDIA INSTITUTIONAL FUND LIMITED
IFS COURT 28 CYBERCITY EBENE, MP INVESTMENTS MP INDIA INST LLC FOREIGN CORP -10,768,381. 19,644,586. 86.1758
3947BC A19F MIT PAGE 84
Schedule R (Form 990) 2011 Page 3
Transactions With Related Organizations (Complete if the organization answered "Yes" to Form 990, Part IV, line 34, 35, 35a, or 36.) Part V
Yes NoNote. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.1 During the tax year, did the organization engage in any of the following transactions with one or more related organizations listed in Parts II–IV?
Receipt of (i) interest (ii) annuities (iii) royalties or (iv) rent from a controlled entityGift, grant, or capital contribution to related organization(s)Gift, grant, or capital contribution from related organization(s)Loans or loan guarantees to or for related organization(s)Loans or loan guarantees by related organization(s)
Sale of assets to related organization(s)Purchase of assets from related organization(s)Exchange of assets with related organization(s)Lease of facilities, equipment, or other assets to related organization(s)
Lease of facilities, equipment, or other assets from related organization(s)Performance of services or membership or fundraising solicitations for related organization(s)Performance of services or membership or fundraising solicitations by related organization(s)Sharing of facilities, equipment, mailing lists, or other assets with related organization(s)Sharing of paid employees with related organization(s)
Reimbursement paid to related organization(s) for expensesReimbursement paid by related organization(s) for expenses
Other transfer of cash or property to related organization(s)Other transfer of cash or property from related organization(s)
a
b
c
d
e
f
g
h
i
j
k
l
m
n
o
p
q
r
1a
1b
1c
1d
1e
1f
1g
1h
1i
1j
1k
1l
1 m
1n
1o
1p
1q
1r
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
2 If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.(a)
Name of other organization(b)
Transactiontype (a–r)
(c)Amount involved
(d)Method of determining
amount involved
(1)
(2)
(3)
(4)
(5)
(6)
Schedule R (Form 990) 2011JSA
1E1309 1.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
XX
XX
X
XXXX
XX
XXX
XX
XX
SINGAPORE-MIT ALLIANCE FOR RESEARCH AND TECH C 3,336,000. CASH
TECHNOLOGY REVIEW, INC. D 3,129,000. CASH
MIT PRESS, LTD. L 589,000. CASH
TECHNOLOGY REVIEW, INC. O 1,669,000. CASH
SINGAPORE-MIT ALLIANCE FOR RESEARCH AND TECH P 4,570,000. CASH
BARTON INSURANCE CO., LTD. Q 1,587,000. CASH
3947BC A19F MIT PAGE 85
Schedule R (Form 990) 2011 Page 3
Transactions With Related Organizations (Complete if the organization answered "Yes" to Form 990, Part IV, line 34, 35, 35a, or 36.) Part V
Yes NoNote. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.1 During the tax year, did the organization engage in any of the following transactions with one or more related organizations listed in Parts II–IV?
Receipt of (i) interest (ii) annuities (iii) royalties or (iv) rent from a controlled entityGift, grant, or capital contribution to related organization(s)Gift, grant, or capital contribution from related organization(s)Loans or loan guarantees to or for related organization(s)Loans or loan guarantees by related organization(s)
Sale of assets to related organization(s)Purchase of assets from related organization(s)Exchange of assets with related organization(s)Lease of facilities, equipment, or other assets to related organization(s)
Lease of facilities, equipment, or other assets from related organization(s)Performance of services or membership or fundraising solicitations for related organization(s)Performance of services or membership or fundraising solicitations by related organization(s)Sharing of facilities, equipment, mailing lists, or other assets with related organization(s)Sharing of paid employees with related organization(s)
Reimbursement paid to related organization(s) for expensesReimbursement paid by related organization(s) for expenses
Other transfer of cash or property to related organization(s)Other transfer of cash or property from related organization(s)
a
b
c
d
e
f
g
h
i
j
k
l
m
n
o
p
q
r
1a
1b
1c
1d
1e
1f
1g
1h
1i
1j
1k
1l
1 m
1n
1o
1p
1q
1r
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
2 If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.(a)
Name of other organization(b)
Transactiontype (a–r)
(c)Amount involved
(d)Method of determining
amount involved
(1)
(2)
(3)
(4)
(5)
(6)
Schedule R (Form 990) 2011JSA
1E1309 1.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
LORD FOUNDATION OF MASSACHUSETTS, INC. Q 934,000. CASH
MIT PRESS, LTD. R 188,000. CASH
LORD FOUNDATION OF MASSACHUSETTS, INC. R 1,585,000. CASH
MIT REAL ESTATE FOUNDATION, INC. R 2,172,000. CASH
3947BC A19F MIT PAGE 86
Schedule R (Form 990) 2011 Page 4
Unrelated Organizations Taxable as a Partnership (Complete if the organization answered "Yes" on Form 990, Part IV, line 37.) Part VI
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assetsor gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(b)
Primary activity(a)
Name, address, and EIN of entity
(h)
Disproportionateallocations?
(e)Are all partners
section501(c)(3)
organizations?
(c)
Legal domicile(state or foreign
country)
(f)
Share oftotal income
(g)
Share ofend-of-year
assets
(i)
Code V-UBIamount in box 20of Schedule K-1
(Form 1065)
(j)General ormanagingpartner?
(k)Percentageownership
(d)
Predominantincome (related,
unrelated, excludedfrom tax under
section 512-514) Yes No Yes No Yes No
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
(15)
(16)
Schedule R (Form 990) 2011
JSA1E1310 1.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
3947BC A19F MIT PAGE 87
Schedule R (Form 990) 2011 Page 5
Supplemental InformationComplete this part to provide additional information for responses to questions on Schedule R (seeinstructions).
Part VII
Schedule R (Form 990) 2011
1E1510 2.000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY 04-2103594
BOSE CORPORATION
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.
3947BC A19F MIT PAGE 88