The History of KDMS
In the long history of giving to MIT, planned gifts and bequests have been the largest source of income for MIT’s endowment. In 1994, MIT established the Katharine Dexter McCormick (1904) Society (KDMS) to honor those donors who continue this practice.
The society is named for Katharine Dexter McCormick, who was one of the most generous individual benefactors in MIT’s history. Her largest gift came as a bequest.
“Since my graduation in 1904,” she wrote in her will, “I have wished to express my gratitude to the Institute for its advanced policy of scientific education for women. This policy gave me the opportunity to obtain the scientific training which has been of inestimable value to me through my life.”
MIT invites alumni and friends who share Katharine Dexter McCormick’s commitment to the Institute to consider joining KDMS by creating a planned gift.
On September 27, 2020, KDMS members from all over the country came together to participate in the first-ever KDMS Virtual Appreciation Event. The event is an occasion to thank MIT donors who have generously made provisions in their estate plans or made other planned gifts to benefit future generations of MIT students and research. This year, KDMS members spanning a wide range of class years and time zones came together to enjoy the event.
The event began with opening remarks by host MIT Provost Martin A. Schmidt SM ’83, PhD ’88, who thanked KDMS members for their forward-thinking support of MIT and for continuing the legacy of Katharine Dexter McCormick through planned gifts. Having completed their first year as KDMS co-chairs, Heather Cogdell ’89 and L. Robert Johnson ’63 each gave remarks on their personal motivations for being planned giving donors and how MIT continues to inspire them to support the Institute. The pinnacle of the event was the presentation on the new MIT Museum at Kendall Square by John Durant, Mark R. Epstein (Class of 1963) Director of the MIT Museum. John provided a clear rendition of the new location and structure of the MIT Museum which will serve the community with engaging exhibits and much-needed functional space for students and visitors.
The hour-long event was recorded and is provided above for your viewing pleasure.
We hope to see you at the next KDMS appreciation event in 2021!
Become a KDMS Member
Have you already included MIT in your estate plan? Let us know! We would love to welcome you to the Katharine Dexter McCormick Society.