There is outstanding news to report about The Campaign for MIT. As of April 18, the Campaign total stood at $803.7 million, well over halfway to the $1.5 billion goal. What’s more, additional verbal commitments not yet officially on the books bring the campaign total to a stunning $959.1 million. The extraordinary generosity of MIT alumni, alumnae, and friends is at the heart of this success, which stands as a symbol of their dedication to the future of MIT.
“We couldn’t be more pleased about our progress with the Campaign to date,” says Barbara Stowe, vice president for resource development. “We got off to a magnificent start last fall and have kept going strong. And while we have had our share of show-stopping headlines on some of the larger gifts, we also have been delighted by the broad base of support from so many alumni across the country and around the world.”
What may be more exciting than the Campaign total itself is the amazing progress the individual priorities have made in reaching their goals (see graph below). Support for undergraduate scholarships totals 73 percent of its $100 million goal, while contributions to new research and education programs — in areas like environment, neuroscience, and comparative media studies — have reached 53 percent of its $550 million goal. Funds for construction and renovation total 56 percent of a $300 million goal, and faculty chairs have reached 58 percent of a $150 million goal.
All priorities have surpassed the halfway mark, with a couple of exceptions. One is undergraduate education and student life, which stands at 39 percent of a $100 million goal. “The total here is a bit misleading, because major gifts for the new dormitory and the Sports and Fitness Center are counted as construction and renovation,” explains Stowe.
However, funds raised for graduate fellowships have only reached 25 percent of a $200 million goal. Endowed fellowship support is a key measure of success for the Campaign, according to Provost Robert Brown. “Graduate fellowship support is critical to the continued excellence of MIT in graduate education and research,” he says. “Fellowships allow us to attract the very best graduate students to MIT and give them the opportunity to begin their graduate careers with the flexibility either to launch deeply into their discipline or to integrate their education across several disciplines.”
Fellowships are just one example of how The Campaign for MIT supports people, the lifeblood of MIT, says Stowe. “People who know MIT and appreciate what it has done for them are in turn helping people currently here — students, faculty, and staff — to sustain the energy and momentum that will move the Institute forward.”