Why MIT needs your support
From the beginning, MIT has been an institution that has crashed through
preconceptions, broken down boundaries, and staked out new frontiers.
But breaking new ground has its costs. The pace and scope of change
in the fields of science and engineering—where 85 percent of
the Institute's activities are focused—require huge investments on an ongoing
basis. MIT must bring together world-class professors and students,
laboratory space and materials, and state-of-the-art equipment. This
work is expensive, and it needs your support.
The good news is that private support has been steadily growing. In
recent years, MIT's endowment has
grown, and the Institute has enjoyed substantial increases in giving
by alumni and other friends.
Nevertheless, although The Campaign
for MIT was successful, in recent years, the Institute's major sources of revenue
(tuition; research support from government, industry, and foundations;
and gifts and endowment income) have fallen behind rising costs. We've
done our best to control tuition increases, keeping in mind that there
are clear limits on what students can pay. In addition, government
sponsorship of university research has diminished, and federal funds now
come with ever-tighter restrictions on their use.
MIT has the potential to solve critical problems in health, neuroscience,
the environment, physics, robotics, and computer science. But to do
so, we must be ready to respond to new opportunities, embrace new challenges,
and attract the most qualified candidates. To fulfill the mission of
the Institute, we count on the continuing participation and engagement
of our alumni and other supporters.
The world doesn't stand still, and neither can we.
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