Tax benefit: Charitable gifts of cash are fully deductible up to 50 percent of your adjusted gross income in the year of the gift, with any balance carried forward up to five more years.

Read a case study that illustrates the benefits of this type of gift ....

Cash, checks, credit cards

Gifts of cash are among the most valuable forms of support for MIT. Because they are immediately available (and are often unrestricted), they give the Institute the flexibility to meet its most pressing needs.

To make a credit card gift, you can give now using our secure server, or call 617.253.8270 to provide your credit card information over the phone.

Cash gifts made by check should be payable to MIT, and mailed with your contribution form (pdf format) or a letter stating your gift’s purpose to:

MIT Alumni Fund
Massachusetts Institute of Technology
77 Massachusetts Avenue, Room W92-280
Cambridge, MA 02139
Phone: 617.253.8270
E-mail: giving@mit.edu

Donors of cash may prefer to make their gifts by electronic funds transfer (EFT). Fixed amounts can be given to MIT monthly or quarterly, either for a defined or indefinite period. You can print out the electronic funds transfer authorization form (pdf format) from this site, or contact us to request a hard copy form. MIT employees may also give via payroll deduction (pdf format).

Gifts may also be wired directly from your bank to MIT’s bank through a bank wire transfer.

If you have questions, we hope you’ll visit our FAQs (frequently asked questions) area, or feel free to contact us.

Case study: Credits and tax credits

Approaching his 50th reunion, Benjamin Rover is considering a gift to support his class reunion campaign. He has already included MIT in his estate plans, and usually supports the Alumni Fund with annual contributions of $1,000. To celebrate his reunion, he decides to make an outright gift of $5,000 in cash.

Rover’s new gift will be—

  • credited to his personal cumulative giving record,
  • credited to his class’ 50th reunion gift, and
  • fully tax-deductible.