Form990
Department of the Treasury
Internal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung benefit trust or private foundation)

MediumBullet The organization may have to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0047
2012
Open to Public Inspection
A For the 2012 calendar year, or tax year beginning 07-01-2012 , 2012, and ending 06-30-2013
BCheck if applicable:
CName of organization
MASSACHUSETTS INSTITUTE OF TECHNOLOGY
 
Doing Business As
 
 
Number and street (or P.O. box if mail is not delivered to street address)
77 MASSACHUSETTS AVENUE NE49-3142
 
Room/suite
City or town, state or country, and ZIP + 4
Cambridge, MA021394307
D Employer identification number

04-2103594
E Telephone number

G Gross receipts $ 67,844,590,000
F Name and address of principal officer:
L RAFAEL REIF
77 MASSACHUSETTS AVENUE
Cambridge,MA02139
I
Tax-exempt status: (   ) LeftBullet (insert no.) or
J
Website:MediumBullet
HTTP://WEB.MIT.EDU
H(a)
Is this a group return for
affiliates?
H(b)
Are all affiliates included?
If "No," attach a list. (see instructions)
H(c)
Group exemption number MediumBullet  
K Form of organization:
 
L Year of formation: 1861
M State of legal domicile: MA
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: THE MISSION OF MIT IS TO ADVANCE KNOWLEDGE AND EDUCATE STUDENTS IN SCIENCE, TECHNOLOGY, AND OTHER AREAS OF SCHOLARSHIP THAT WILL BEST SERVE THE NATION AND THE WORLD IN THE 21ST CENTURY.
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a) ........ 3 14
4 Number of independent voting members of the governing body (Part VI, line 1b) ..... 4 10
5 Total number of individuals employed in calendar year 2011 (Part V, line 2a) ...... 5 22,857
6 Total number of volunteers (estimate if necessary) ............. 6 13,187
7a Total unrelated business revenue from Part VIII, column (C), line 12 ........ 7a 22,664,000
b Net unrelated business taxable income from Form 990-T, line 34 ......... 7b -11,274,196
Revenues Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 894,547,000 817,616,000
9 Program service revenue (Part VIII, line 2g) ......... 1,770,381,000 1,861,711,000
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 406,218,000 731,033,000
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 284,289,000 587,108,000
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)................... 3,355,435,000 3,997,468,000
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 457,816,000 479,075,000
14 Benefits paid to or for members (Part IX, column (A), line 4)..... 0 0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 1,195,801,000 1,289,034,000
16a Professional fundraising fees (Part IX, column (A), line 11e)..... 358,000 193,000
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet37,210,000    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e).... 1,730,628,000 1,354,748,000
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 3,384,603,000 3,123,050,000
19 Revenue less expenses. Subtract line 18 from line 12....... -29,168,000 874,418,000
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 16,769,229,000 17,675,782,000
21 Total liabilities (Part X, line 26)............. 4,221,173,000 3,767,239,000
22 Net assets or fund balances. Subtract line 21 from line 20..... 12,548,056,000 13,908,543,000
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
JumboBullet
Signature of officer Date
JumboBullet
Type or print name and title
Paid Preparer Use Only
Print/Type preparer's name
 
Preparer's signature
Date
PTIN
Firm's name MediumBullet

Firm's EIN MediumBullet
Firm's address MediumBullet



Phone no.
May the IRS discuss this return with the preparer shown above? (see instructions) ............
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y
Form 990 (2012)
Form 990 (2012)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response to any question in this Part III ...............
1
Briefly describe the organization’s mission: THE MISSION OF MIT IS TO ADVANCE KNOWLEDGE AND EDUCATE STUDENTS IN SCIENCE, TECHNOLOGY, AND OTHER AREAS OF SCHOLARSHIP THAT WILL BEST SERVE THE NATION AND THE WORLD IN THE 21ST CENTURY.
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? ......................
If “Yes,” describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program services? ............................
If “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 by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $ 1,350,313,000 including grants of $ 77,567,000 ) (Revenue $ 1,333,216,000 )
SPONSORED RESEARCH: MIT'S CAMBRIDGE, MA CAMPUS PROVIDES A FERTILE SETTING FOR RESEARCH THAT HAS SPAWNED A HOST OF SCIENTIFIC BREAKTHROUGHS AND TECHNOLOGICAL ADVANCES. PRIMARILY SPONSORED BY FEDERAL GRANTS AND CONTRACTS, RESEARCH AT MIT AIMS TO DEVELOP INNOVATIVE SOLUTIONS TO THE WORLD'S MOST DAUNTING CHALLENGES. FROM ADDRESSING THE ENERGY NEEDS OF TOMORROW TO IMPROVING CANCER THERAPIES AND MORE, MIT'S RESEARCH EFFORTS ARE ENHANCED THROUGH CREATIVE COLLABORATIONS IN INTERDISCIPLINARY LABS AND WITH LEADING RESEARCH INSTITUTES AND CONSORTIA AROUND THE WORLD. SEE SCHEDULE O.
4b (Code:   ) (Expenses $ 692,032,000 including grants of $ 140,297,000 ) (Revenue $ 636,816,000 )
INSTRUCTION AND UNSPONSORED RESEARCH: MIT IS COMMITTED TO PROVIDING A WORLD-CLASS EDUCATION TO OUR APPROXIMATELY 4,500 UNDERGRADUATES AND APPROXIMATELY 6,700 GRADUATE STUDENTS. THE FOCUS OF INSTRUCTION IS NOT ONLY SCIENTIFIC AND TECHNICAL, BUT INCLUDES A STRONG HUMANITIES COMPONENT AND EMPHASIZES CREATIVE PROBLEM 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.
4c (Code:   ) (Expenses $ 258,726,000 including grants of $ 258,726,000 ) (Revenue $   )
SCHOLARSHIPS AND FELLOWSHIPS (TUITION DISCOUNT): MIT'S UNDERGRADUATE FINANCIAL AID PROGRAM ENSURES THAT AN MIT EDUCATION IS ACCESSIBLE TO ALL QUALIFIED CANDIDATES REGARDLESS OF THEIR FINANCIAL RESOURCES. MIT REMAINS DEDICATED TO PROVIDING FINANCIAL AID TO MEET THE FULL COST OF AN MIT EDUCATION, BASED ON THE NEEDS OF THE FAMILY. IN 2012-2013, APPROXIMATELY 61% OF ALL UNDERGRADUATES RECEIVED SOME TYPE OF NEED-BASED FINANCIAL AID FROM MIT. FINANCIAL AID FOR GRADUATE STUDENTS INCLUDES FELLOWSHIPS, TRAINEESHIPS, TEACHING AND RESEARCH ASSISTANTSHIPS, AND LOANS.
(Code:   ) (Expenses $ 224,567,000 including grants of $ 2,486,000 ) (Revenue $ 330,784,000 )
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.
4d Other program services (Describe in Schedule O.)
(Expenses $ 224,567,000 including grants of $ 2,486,000 ) (Revenue $ 330,784,000 )
4e Total program service expensesMediumBullet2,525,638,000
Form 990 (2012)
Form 990 (2012)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If “Yes,” complete Schedule AClick to see attachment........................
1
Yes
 
2
Is the organization required to complete Schedule B, Schedule of Contributors (see instructions)? Click to see attachment...
2
Yes
 
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If “Yes,” complete Schedule C, Part I..........
3
 
No
4
Section 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 IIClick to see attachment........
4
Yes
 
5
Is 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............................
5
 
 
6
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If “Yes,” complete Schedule D, Part I........................
6
 
No
7
Did 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 II...
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If “Yes,” complete Schedule D, Part III Click to see attachment....................
8
Yes
 
9
Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If “Yes,” complete Schedule D, Part IV..............
9
 
No
10
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments? If “Yes,” complete Schedule D, Part VClick to see attachment......
10
Yes
 
11
If 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
Did the organization report an amount for land, buildings, and equipment in Part X, line 10?
If “Yes,” complete Schedule D, Part VI.Click to see attachment...................
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VIIClick to see attachment.......
11b
Yes
 
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VIII.......
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part IX............
11d
 
No
e
Did the organization report an amount for other liabilities in Part X, line 25? If “Yes,” complete Schedule D, Part XClick to see attachment
11e
Yes
 
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If “Yes,” complete Schedule D, Part X.........................
11f
 
No
12a
Did the organization obtain separate, independent audited financial statements for the tax year?
If “Yes,” complete Schedule D, Parts XI and XII .................
12a
 
No
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 and XII is optional Click to see attachment
12b
Yes
 
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If “Yes,” complete Schedule EClick to see attachment....
13
Yes
 
14a
Did the organization maintain an office, employees, or agents outside of the United States?.....
14a
Yes
 
b
Did 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 aggregate foreign investments valued at $100,000 or more? If “Yes,” complete Schedule F, Parts I and IV......... Click to see attachment
14b
Yes
 
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or assistance to any organization or entity located outside the United States? If “Yes,” complete Schedule F, Parts II and IVClick to see attachment
15
Yes
 
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or assistance to individuals located outside the United States? If “Yes,” complete Schedule F, Parts III and IV... Click to see attachment
16
Yes
 
17
Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If “Yes,” complete Schedule G, Part I (see instructions).... Click to see attachment
17
Yes
 
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If “Yes,” complete Schedule G, Part II............
18
 
No
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If “Yes,” complete Schedule G, Part III...................
19
 
No
20a
Did the organization operate one or more hospital facilities? If “Yes,” complete Schedule H....
20a
 
No
b
If “Yes” to line 20a, did the organization attach a copy of its audited financial statements to this return?
20b
 
 
Form 990 (2012)
Form 990 (2012)
Page 4
Part IV
Checklist of Required Schedules (continued)
21
Did the organization report more than $5,000 of grants and other assistance to any government or organization in the United States on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II... Click to see attachment
21
Yes
 
22
Did the organization report more than $5,000 of grants and other assistance to individuals in the United States on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........ Click to see attachment
22
Yes
 
23
Did the organization answer “Yes” to Part VII, Section A, line 3, 4, or 5 about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If “Yes,” complete Schedule J....................... Click to see attachment
23
Yes
 
24a
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 25................ Click to see list of attachments
24a
Yes
 
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
No
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds?......................
24c
 
No
d
Did the organization act as an “on behalf of” issuer for bonds outstanding at any time during the year?...
24d
 
No
25a
Section 501(c)(3) and 501(c)(4) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If “Yes,” complete Schedule L, Part I........
25a
 
No
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, 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 I...................
25b
 
No
26
Was a loan to or by a current or former officer, director, trustee, key employee, highest compensated employee, or disqualified person outstanding as of the end of the organization’s tax year? If “Yes,” complete Schedule L,
Part II.......................... Click to see attachment
26
Yes
 
27
Did 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% controlled entity or family member of any of these persons? If “Yes,” complete Schedule L, Part III......... Click to see attachment
27
Yes
 
28
Was 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
A current or former officer, director, trustee, or key employee? If “Yes,” complete Schedule L, Part IV ..........................
28a
 
No
b
A family member of a current or former officer, director, trustee, or key employee? If “Yes,”
complete Schedule L, Part IV..................... Click to see attachment
28b
Yes
 
c
An 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... Click to see attachment
28c
Yes
 
29
Did the organization receive more than $25,000 in non-cash contributions? If “Yes,” complete Schedule M..Click to see attachment
29
Yes
 
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If “Yes,” complete Schedule M............. Click to see attachment
30
Yes
 
31
Did the organization liquidate, terminate, or dissolve and cease operations? If “Yes,” complete Schedule N,
Part I...........................
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If “Yes,” complete Schedule N, Part II......................
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If “Yes,” complete Schedule R, Part I........ Click to see attachment
33
Yes
 
34
Was the organization related to any tax-exempt or taxable entity? If “Yes,” complete Schedule R, Part II, III, or IV, and Part V, line 1........................ Click to see attachment
34
Yes
 
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
Yes
 
b
If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If “Yes,” complete Schedule R, Part V, line 2... Click to see attachment
35b
Yes
 
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If “Yes,” complete Schedule R, Part V, line 2............. Click to see attachment
36
Yes
 
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If “Yes,” complete Schedule R, Part VI
37
 
No
38
Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Form 990 (2012)
Form 990 (2012)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response to any question in this Part V ...............
Yes
No
1a
Enter the number reported in Box 3 of Form 1096 Enter -0- if not applicable ..
1a
25,304
b
Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable .
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
Yes
 
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered by this return ..................
2a
22,857
b
If 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)
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?...
3a
Yes
 
b
If “Yes,” has it filed a Form 990-T for this year? If “No,” provide an explanation in Schedule O.....
3b
Yes
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?..........................
4a
Yes
 
b
If "Yes," enter the name of the foreign country: MediumBulletAR , BD , GR , HU , IN , IS , KS , MY , RP , RO , SN , TW , TH , TU , UK
See instructions for filing requirements for Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts.
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If “Yes,” to line 5a or 5b, did the organization file Form 8886-T? ............
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?...
6a
 
No
b
If “Yes,” did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?........................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?....................
7a
Yes
 
b
If “Yes,” did the organization notify the donor of the value of the goods or services provided?.....
7b
Yes
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?...........................
7c
Yes
 
d
If “Yes,” indicate the number of Forms 8282 filed during the year ....
7d
2
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?............................
7e
 
No
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?..
7f
 
No
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?............................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?..........................
7h
 
 
8
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 sponsoring organization, have excess business holdings at any time during the year?............
8
 
 
9
Sponsoring organizations maintaining donor advised funds.
a
Did the organization make any taxable distributions under section 4966?..........
9a
 
 
b
Did the organization make a distribution to a donor, donor advisor, or related person?.......
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If “Yes,” enter the amount of tax-exempt interest received or accrued during the year. ....................
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state?
Note. See the instructions for additional information the organization must report on Schedule O.
13a
 
 
b
Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....
13b
 
c
Enter the amount of reserves on hand ............
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
No
b
If "Yes," has it filed a Form 720 to report these payments? If “No,” provide an explanation in Schedule O..
14b
 
 
Form 990 (2012)
Form 990 (2012)
Page 6
Part VI
Governance, Management, and Disclosure For each “Yes” response to lines 2 through 7b below, and for a “No” response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response to any question in this Part VI ...............
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year .....................
1a
14
If there are material 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.
b
Enter the number of voting members included in line 1a, above, who are independent ...................
1b
10
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
Yes
 
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? ...........................
4
Yes
 
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Did the organization have members or stockholders? ................
6
 
No
7a
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................
7a
Yes
 
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................
7b
 
No
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .........................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If “Yes,” provide the names and addresses in Schedule O.......
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)
Yes
No
10a
Did the organization have local chapters, branches, or affiliates? ............
10a
Yes
 
b
If “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?
10b
 
No
11a
Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................
11a
Yes
 
b
Describe in Schedule O the process, if any, used by the organization to review this Form 990. .....
12a
Did the organization have a written conflict of interest policy? If “No,” go to line 13.......
12a
Yes
 
b
Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................
12b
Yes
 
c
Did the organization regularly and consistently monitor and enforce compliance with the policy? If “Yes,” describe in Schedule O how this was done.......................
12c
Yes
 
13
Did the organization have a written whistleblower policy? ...............
13
Yes
 
14
Did the organization have a written document retention and destruction policy? .........
14
Yes
 
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
Yes
 
If "Yes" to line 15a or 15b, describe the process in Schedule O (see instructions).
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
Yes
 
b
If “Yes,” did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
Yes
 
Section C. Disclosure
17
List the States with which a copy of this Form 990 is required to be filedMediumBullet
MA , OK
18
Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable), 990, and 990-T (501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.
19
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.
20
State the name, physical address, and telephone number of the person who possesses the books and records of the organization:
MediumBulletBASIL A STEWART77 MASSACHUSETTS AVENUE NE49-3142CambridgeMA02139 (617) 253-2777
Form 990 (2012)
Form 990 (2012)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response to any question in this Part VII ...............
Section 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 the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See instructions for definition of "key employee."
RoundBullet 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 the
organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, 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; highest
compensated employees; and former such persons.
Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.
(A)
Name and Title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; Officer; Key Employee; Highest compensated employee; Former;
(1) ISRAEL RUIZ........................................................................
Executive VP & Treasurer
 60.00
.......................3.00 		X   X       471,219 0 47,542
(2) JOHN REED........................................................................
Chairman of the Corporation
 30.00
.......................2.00 		X   X       266,415 0 4,069
(3) L RAFAEL REIF........................................................................
President (Incoming)
 60.00
.......................3.00 		X   X       671,103 0 32,656
(4) SUSAN HOCKFIELD........................................................................
President (Outgoing)
 60.00
.......................0 		X   X       1,597,145 0 124,452
(5) A NEIL PAPPALARDO........................................................................
Executive Committee Member
 5.00
.......................0 		X           0 0 0
(6) ARTHUR SAMBERG........................................................................
Executive Committee Member
 5.00
.......................0 		X           0 0 0
(7) BARRIE ZESIGER........................................................................
Executive Committee Member
 5.00
.......................0 		X           0 0 0
(8) DENIS BOVIN........................................................................
Executive Committee Member
 5.00
.......................1.00 		X           0 0 0
(9) DIANE GREENE........................................................................
Executive Committee Member
 5.00
.......................0 		X           0 0 0
(10) HENRICUS TERMEER........................................................................
Executive Committee Member
 5.00
.......................0 		X           0 0 0
(11) JAMES CHAMPY........................................................................
Executive Committee Member
 5.00
.......................0 		X           0 0 0
(12) JOHN THAIN........................................................................
Executive Committee Member
 5.00
.......................1.00 		X           0 0 0
(13) LAWRENCE FISH........................................................................
Executive Committee Member
 5.00
.......................0 		X           0 0 0
(14) ROBERT MILLARD........................................................................
Executive Committee Member
 5.00
.......................1.00 		X           0 0 0
(15) SUSAN WHITEHEAD........................................................................
Executive Committee Member
 5.00
.......................0 		X           0 0 0
(16) KIRK KOLENBRANDER........................................................................
VP & Secretary of the Corporation
 60.00
.......................0 		    X       264,272 0 60,777
(17) CHRIS KAISER........................................................................
Provost
 60.00
.......................2.00 		      X     392,988 0 57,480
Form 990 (2012)
Form 990 (2012)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and Title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; Officer; Key Employee; Highest compensated employee; Former;
(18) CLAUDE CANIZARES........................................................................
VP for Research (Outgoing)
 60.00
.......................2.00 		      X     341,386 0 28,178
(19) ERIC EVANS........................................................................
Director of Lincoln Laboratory
 60.00
.......................0 		      X     422,067 0 57,901
(20) JEFFREY NEWTON........................................................................
VP of Resource Development
 60.00
.......................0 		      X     399,624 0 52,184
(21) MARIA ZUBER........................................................................
VP for Research (Incoming)
 60.00
.......................1.00 		      X     301,536 0 101,620
(22) R GREGORY MORGAN........................................................................
VP & General Counsel
 60.00
.......................0 		      X     571,853 0 64,688
(23) SETH ALEXANDER........................................................................
President of MITIMCo
 60.00
.......................2.00 		      X     1,172,501 0 48,849
(24) W ERIC GRIMSON........................................................................
Chancellor
 60.00
.......................2.00 		      X     287,811 0 68,749
(25) DAVID SCHMITTLEIN........................................................................
Dean Sloan School of Mgmt
 60.00
.......................0 		        X   754,403 0 43,221
(26) GLEN URBAN........................................................................
Professor Sloan School of Mgmt
 60.00
.......................0 		        X   722,659 0 19,790
(27) NELSON REPENNING........................................................................
Professor Sloan School of Mgmt
 60.00
.......................0 		        X   727,764 0 43,095
(28) ROBERTO FERNANDEZ........................................................................
Professor Sloan School of Mgmt
 60.00
.......................0 		        X   647,994 0 84,692
(29) STEVEN MARSH........................................................................
Managing Director - MITIMCo
 60.00
.......................0 		        X   749,174 0 59,007
(30) PHILLIP CLAY........................................................................
Professor
 40.00
.......................0 		          X 305,082 0 32,291
1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)............MediumBullet 11,066,996 0 1,031,241
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organizationMediumBullet3,141
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If “Yes,” complete Schedule J for such individual ..............
3
Yes
 
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If “Yes,” complete Schedule J for such individual...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If “Yes,” complete Schedule J for such person ........
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
BOND BROTHERS INC145 SPRING STREETEVERETTMA02149 CONSTRUCTION 19,442,103
BARR & BARR INC260 COCHITUATE RDFRAMINGHAMMA01701 CONSTRUCTION 16,719,081
ALEXANDRIA REAL ESTATE INC (AREE)700 TECHNOLOGY SQUARECAMBRIDGEMA02139 MANAGEMENT 10,846,998
SHAWMUT DESIGN & CONSTRUCTION CO560 HARRISON AVEBOSTONMA02118 CONSTRUCTION 10,018,650
BON APPETIT MANAGEMENT CO100 HAMILTON AVENUE SUITE 400PALO ALTOCA94301 MANAGEMENT 7,541,953
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet557
Form 990 (2012)
Form 990 (2012)
Page 9
Part VIII
Statement of Revenue
Check if Schedule O contains a response to any question in this Part VIII ..............
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512, 513, or 514
Contributions, Gifts, Grants and Other Similar Amounts 1a Federated campaigns..1a  
b Membership dues....1b  
c Fundraising events....1c  
d Related organizations...1d  
e Government grants (contributions)1e 403,102,000
f All other contributions, gifts, grants, and
similar amounts not included above1f 		414,514,000
g Noncash contributions included in lines
1a-1f:$ 		23,753,000
h Total. Add lines 1a-1f.......MediumBullet 817,616,000
Program Service Revenue Business Code
2a SPONSORED RESEARCH CONTRACTS 900099 1,136,042,000 1,136,042,000    
b FEES AND SERVICES 221000 88,853,000 86,224,000 2,629,000  
c OTHER PROGRAMS 900099 59,175,000 59,175,000    
d TUITION 900099 577,641,000 577,641,000    
e     0      
f All other program service revenue . 0 0 0 0
g Total. Add lines 2a–2f........MediumBullet 1,861,711,000
Other Revenue 3 Investment income (including dividends, interest, and other similar amounts).......MediumBullet 78,604,000   20,011,000 58,593,000
4 Income from investment of tax-exempt bond proceeds..MediumBullet 0      
5 Royalties...........MediumBullet 93,166,000     93,166,000
(i) Real (ii) Personal
6a Gross rents 79,734,000  
b Less: rental expenses 24,265,000  
c Rental income or (loss) 55,469,000 0
d Net rental income or (loss).......MediumBullet 55,469,000     55,469,000
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory 64,475,286,000  
b Less: cost or other basis and sales expenses 63,822,857,000  
c Gain or (loss) 652,429,000 0
d Net gain or (loss)..........MediumBullet 652,429,000     652,429,000
8a Gross income from fundraising events (not including
$  
of contributions reported on line 1c). See Part IV, line 18 ..
a  
b Less: direct expenses ...b  
c Net income or (loss) from fundraising events..MediumBullet 0    
9a Gross income from gaming activities.
See Part IV, line 19 ...
a  
b Less: direct expenses ...b  
c Net income or (loss) from gaming activities...MediumBullet 0      
10a Gross sales of inventory, less
returns and allowances .
a  
b Less: cost of goods sold ..b  
c Net income or (loss) from sales of inventory..MediumBullet 0      
Miscellaneous Revenue Business Code
11a AUXILIARY ENTERPRISES 511120 106,767,000 106,743,000 24,000  
b CHANGE IN LIFE INCOME FUNDS 900099 20,264,000 20,264,000    
c PENSION-RELATED CHARGES 900099 311,442,000 311,442,000    
d All other revenue .... 0 0 0 0
e Total. Add lines 11a–11d ...... MediumBullet 438,473,000
12 Total revenue. See Instructions......MediumBullet 3,997,468,000 2,297,531,000 22,664,000 859,657,000
Form 990 (2012)
Form 990 (2012)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).Check if Schedule O contains a response to any question in this Part IX ...............
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising expenses
1 Grants and other assistance to governments and organizations in the United States. See Part IV, line 21 652,000 652,000
2 Grants and other assistance to individuals in the United States. See Part IV, line 22 476,589,000 476,589,000
3 Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16 1,834,000 1,834,000
4 Benefits paid to or for members 0  
5 Compensation of current officers, directors, trustees, and key employees .... 7,227,000 765,000 5,908,000 554,000
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .... 563,000 236,000 327,000  
7 Other salaries and wages 1,008,695,000 813,919,000 174,015,000 20,761,000
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 63,083,000 50,634,000 11,050,000 1,399,000
9 Other employee benefits ....... 138,804,000 110,888,000 24,651,000 3,265,000
10 Payroll taxes ........... 70,662,000 56,557,000 12,342,000 1,763,000
11 Fees for services (non-employees):        
a Management ...... 36,874,000 24,516,000 12,358,000  
b Legal ......... 22,704,000 1,147,000 21,557,000  
c Accounting ........... 1,462,000 16,000 1,446,000  
d Lobbying ........... 0      
e Professional fundraising services. See Part IV, line 17 193,000 193,000
f Investment management fees ...... 19,066,000   19,066,000  
g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) ........ 49,119,000 25,886,000 23,233,000 0
12 Advertising and promotion .... 7,138,000 5,605,000 1,533,000  
13 Office expenses ....... 28,376,000 18,142,000 9,081,000 1,153,000
14 Information technology ...... 49,976,000 39,208,000 9,955,000 813,000
15 Royalties .. 31,055,000 15,434,000 15,621,000  
16 Occupancy ........... 27,793,000 22,153,000 5,611,000 29,000
17 Travel ............ 75,104,000 65,525,000 7,448,000 2,131,000
18 Payments of travel or entertainment expenses for any federal, state, or local public officials ...... 0      
19 Conferences, conventions, and meetings .... 37,851,000 31,571,000 4,467,000 1,813,000
20 Interest ........... 106,872,000 94,439,000 12,333,000 100,000
21 Payments to affiliates ....... 1,887,000 1,887,000    
22 Depreciation, depletion, and amortization ..... 130,989,000 114,635,000 16,181,000 173,000
23 Insurance .............. 52,707,000 42,112,000 10,595,000  
24 Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a SUBRECIPIENT AGREEMENTS 150,946,000 150,946,000    
b FACILITIES CHARGES 89,039,000 51,846,000 36,148,000 1,045,000
c EQUIPMENT RENTAL AND MAINTENANCE 102,291,000 81,046,000 21,090,000 155,000
d
e All other expenses 333,499,000 227,450,000 104,186,000 1,863,000
25 Total functional expenses. Add lines 1 through 24e 3,123,050,000 2,525,638,000 560,202,000 37,210,000
26 Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here MediumBullet if following SOP 98-2 (ASC 958-720). 0      
Form 990 (2012)
Form 990 (2012)
Page 11
Part X Balance Sheet Check if Schedule O contains a response to any question in this Part X ...............
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash—non-interest-bearing ............. 224,890,000 1 263,805,000
2 Savings and temporary cash investments ......... 1,599,874,000 2 1,526,544,000
3 Pledges and grants receivable, net ........... 546,383,000 3 472,593,000
4 Accounts receivable, net ............. 207,676,000 4 168,092,000
5 Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
Schedule L ..................
890,000 5 500,000
6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
0 6 0
7 Notes and loans receivable, net ............. 49,529,000 7 49,484,000
8 Inventories for sale or use .............. 6,031,000 8 5,998,000
9 Prepaid expenses and deferred charges .......... 87,583,000 9 102,192,000
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 3,648,927,000
b Less: accumulated depreciation ..... 10b 1,132,842,000 2,496,445,000 10c 2,516,085,000
11 Investments—publicly traded securities .......... 1,141,480,000 11 982,309,000
12 Investments—other securities. See Part IV, line 11 ..... 10,408,448,000 12 11,588,180,000
13 Investments—program-related. See Part IV, line 11 ..... 0 13 0
14 Intangible assets ............... 0 14  
15 Other assets. See Part IV, line 11 ........... 0 15 0
16 Total assets. Add lines 1 through 15 (must equal line 34)...... 16,769,229,000 16 17,675,782,000
Liabilities 17 Accounts payable and accrued expenses ......... 460,763,000 17 471,050,000
18 Grants payable ................. 0 18  
19 Deferred revenue ................ 83,580,000 19 67,640,000
20 Tax-exempt bond liabilities ............. 1,473,764,000 20 1,441,940,000
21 Escrow or custodial account liability. Complete Part IV of Schedule D.. 0 21  
22 Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
persons. Complete Part II of Schedule L.......... 0 22 0
23 Secured mortgages and notes payable to unrelated third parties .. 986,238,000 23 986,275,000
24 Unsecured notes and loans payable to unrelated third parties .... 301,000 24  
25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D.................... 1,216,527,000 25 800,334,000
26 Total liabilities. Add lines 17 through 25......... 4,221,173,000 26 3,767,239,000
Net Assets or Fund Balance Organizations that follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 27 through 29, and lines 33 and 34.
27 Unrestricted net assets .............. 4,637,664,000 27 5,551,287,000
28 Temporarily restricted net assets ........... 5,297,554,000 28 5,644,291,000
29 Permanently restricted net assets ........... 2,612,838,000 29 2,712,965,000
Organizations that do not follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 30 through 34.
30 Capital stock or trust principal, or current funds ........   30  
31 Paid-in or capital surplus, or land, building or equipment fund .....   31  
32 Retained earnings, endowment, accumulated income, or other funds   32  
33 Total net assets or fund balances ........... 12,548,056,000 33 13,908,543,000
34 Total liabilities and net assets/fund balances ........ 16,769,229,000 34 17,675,782,000
Form 990 (2012)
Form 990 (2012)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response to any question in this Part XI ...............
1
Total revenue (must equal Part VIII, column (A), line 12) ............
1
3,997,468,000
2
Total expenses (must equal Part IX, column (A), line 25) ............
2
3,123,050,000
3
Revenue less expenses. Subtract line 2 from line 1 ..............
3
874,418,000
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) ..
4
12,548,056,000
5
Net unrealized gains (losses) on investments ...............
5
486,069,000
6
Donated services and use of facilities .................
6
 
7
Investment expenses .....................
7
 
8
Prior period adjustments .....................
8
 
9
Other changes in net assets or fund balances (explain in Schedule O) ........
9
0
10
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 33, column (B))
10
13,908,543,000
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response to any question in this Part XII ..............
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?
2a
 
No
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:
b
Were the organization’s financial statements audited by an independent accountant?
2b
Yes
 
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:
c
If “Yes,” to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
2c
Yes
 
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133?
3a
Yes
 
b
If “Yes,” did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits
3b
Yes
 
Form 990 (2012)
Form 990, Special Condition Description:
Special Condition Description
Additional Data


Software ID: 12000266
Software Version: v2012.1.0
SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service
Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section
4947(a)(1) nonexempt charitable trust.
right arrow Attach to Form 990 or Form 990-EZ. right arrow See separate instructions.
OMB No. 1545-0047
2012
Open to Public
Inspection
Name of the organization
MASSACHUSETTS INSTITUTE OF TECHNOLOGY
 
Employer identification number

04-2103594
Part I
Reason for Public Charity Status (All organizations must complete this part.) See instructions.
The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)
1
2
3
4
5
section 170(b)(1)(A)(iv). (Complete Part II.)
6
7
8
9
receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of
its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses
acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)
10
11
e
f
g
(i) A person who directly or indirectly controls, either alone or together with persons described in (ii)
Yes
No
and (iii) below, the governing body of the supported organization? ................
11g(i)
 
 
(ii) A family member of a person described in (i) above? ......................
11g(ii)
 
 
(iii) A 35% controlled entity of a person described in (i) or (ii) above? ................
11g(iii)
 
 
h
Provide the following information about the supported organization(s).
(i) Name of supported organization (ii) EIN (iii) Type of organization (described on lines 1- 9 above or IRC section (see instructions)) (iv) Is the organization in col. (i) listed in your governing document? (v) Did you notify the organization in col. (i) of your support? (vi) Is the organization in col. (i) organized in the U.S.? (vii) Amount of monetary support
Yes No Yes No Yes No
Total                  

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990EZ.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2012
Schedule A (Form 990 or 990-EZ) 2012
Page 2
Part II
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 under Part III. If the organization fails to qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year (or fiscal year beginning in) right arrow (a) 2008 (b) 2009 (c) 2010 (d) 2011 (e) 2012 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") ....            
2 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......            
3 The value of services or facilities furnished by a governmental unit to the organization without charge..            
4 Total. Add lines 1 through 3            
5 The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..            
6 Public support. Subtract line 5 from line 4.            
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2008 (b) 2009 (c) 2010 (d) 2011 (e) 2012 (f) Total
7 Amounts from line 4..            
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...            
9 Net income from unrelated business activities, whether or not the business is regularly carried on..            
10 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.)..            
11 Total support (Add lines 7 through 10).            
12
12
 
13
First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a 501(c)(3) organization, check this box and stop here........................................right arrow
Section C. Computation of Public Support Percentage
14
14
 
15
15
 
16a
b
17a
b
18
Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow
Schedule A (Form 990 or 990-EZ) 2012
Schedule A (Form 990 or 990-EZ) 2012
Page 3
Part III
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.)
Section A. Public Support
Calendar year (or fiscal year beginning in) right arrow (a) 2008 (b) 2009 (c) 2010 (d) 2011 (e) 2012 (f) Total
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 purpose......            
3 Gross receipts from activities that are not an unrelated trade or business under section 513..            
4 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...            
5 The value of services or facilities furnished by a governmental unit to the organization without charge..            
6 Total. Add lines 1 through 5.            
7a Amounts included on lines 1, 2, and 3 received from disqualified persons...            
b Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.            
c Add lines 7a and 7b..            
8 Public support (Subtract line 7c from line 6.)            
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2008 (b) 2009 (c) 2010 (d) 2011 (e) 2012 (f) Total
9 Amounts from line 6...            
10a Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..            
b Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.            
c Add lines 10a and 10b.            
11 Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.            
12 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.) ..            
13 Total support. (Add lines 9, 10c, 11, and 12.)..            
14
Section C. Computation of Public Support Percentage
15
15
 
16
16
 
Section D. Computation of Investment Income Percentage
17
17
 
18
18
 
19a
b
20
Schedule A (Form 990 or 990-EZ) 2012
Schedule A (Form 990 or 990-EZ) 2012
Page 4
Part IV
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. (See instructions).
Facts And Circumstances Test
 
Explanation
 
 
 
 
Schedule A (Form 990 or 990-EZ) 2012

Additional Data


Software ID: 12000266
Software Version: v2012.1.0
Schedule B
(Form 990, 990-EZ,
or 990-PF)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors
Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
OMB No. 1545-0047
2012
Name of the organization
MASSACHUSETTS INSTITUTE OF TECHNOLOGY
 
Employer identification number

04-2103594
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ





Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......................... Arrow Bullet   $    
Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2 of its Form 990; or check the box on line H of its
Form 990-EZ or on Part I, line 2 of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2012)

Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
Page 2
Name of organization
MASSACHUSETTS INSTITUTE OF TECHNOLOGY
  		Employer identification number

04-2103594
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
     
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
RESTRICTED
RESTRICTED
 

     
RESTRICTED
RESTRICTED  
RESTRICTED, RESTRICTED   RESTRICTED

$RESTRICTED


(Complete Part II if there is a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  


(Complete Part II if there is a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  


(Complete Part II if there is a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  


(Complete Part II if there is a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  


(Complete Part II if there is a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  


(Complete Part II if there is a noncash contribution.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
Page 3
Name of organization
MASSACHUSETTS INSTITUTE OF TECHNOLOGY
  		Employer identification number

04-2103594
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
     
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
Page 4
Name of organization
MASSACHUSETTS INSTITUTE OF TECHNOLOGY
  		Employer identification number

04-2103594
Part III
Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
that total more than $1,000 for the year. Complete columns (a) through (e) and the following line entry.
For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a) No.
from
Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

Additional Data


Software ID: 12000266
Software Version: v2012.1.0
SCHEDULE C
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Political Campaign and Lobbying Activities

For Organizations Exempt From Income Tax Under section 501(c) and section 527
SchCMd Bullet Complete if the organization is described below.SchCMd Bullet Attach to Form 990 or Form 990-EZ.
SchCMd Bullet See separate instructions.
OMB No. 1545-0047
2012
Open to Public
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
Round Bullet Section 501(c)(3) organizations: Complete Parts I-A and B. Do not complete Part I-C.
Round Bullet Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I-A and C below. Do not complete Part I-B.
Round Bullet 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
Round Bullet 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.
Round Bullet 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
Round Bullet Section 501(c)(4), (5), or (6) organizations: Complete Part III.
Name of the organization
MASSACHUSETTS INSTITUTE OF TECHNOLOGY
 
Employer identification number

04-2103594
Part I-A
Complete if the organization is exempt under section 501(c) or is a section 527 organization.

1
Provide a description of the organization’s direct and indirect political campaign activities in Part IV.
2
Political expenditures ....................................SchCMd Bullet
$  
3
Volunteer hours ........................................
 

Part I-B
Complete if the organization is exempt under section 501(c)(3).
1
Enter the amount of any excise tax incurred by the organization under section 4955 .........SchCMd Bullet
$  
2
Enter the amount of any excise tax incurred by organization managers under section 4955 ......SchCMd Bullet
$  
3
If the organization incurred a section 4955 tax, did it file Form 4720 for this year? ..............
4a
Was a correction made? .........................................
b
If "Yes," describe in Part IV.
Part I-C
Complete if the organization is exempt under section 501(c), except section 501(c)(3).
1
Enter the amount directly expended by the filing organization for section 527 exempt function activities SchCMd Bullet
$  
2
Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt function activities ...................................SchCMd Bullet

$  
3
Total exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL, line 17b..SchCMd Bullet

$  
4
Did the filing organization file Form 1120-POL for this year? ..........................
5
Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing
organization made payments. For each organization listed, enter the amount paid from the filing organization’s funds. Also enter the amount of political contributions received that were promptly and directly delivered to a separate political organization, such as 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 from filing organization's funds. If none, enter -0-. (e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.










For Paperwork Reduction Act Notice, see the instructions for Form 990 or 990-EZ.
Cat. No. 50084S
Schedule C (Form 990 or 990-EZ) 2012

Schedule C (Form 990 or 990-EZ) 2012
Page 2
Part II-A
Complete if the organization is exempt under section 501(c)(3) and filed Form 5768 (election under section 501(h)).
A Check SchCMd Bulletexpenses, and share of excess lobbying expenditures).
B Check SchCMd Bullet
Limits on Lobbying Expenditures
(The term "expenditures" means amounts paid or incurred.) 		(a) Filing
organization's
totals 		(b) Affiliated group
totals
1a Total lobbying expenditures to influence public opinion (grass roots lobbying) ......    
b Total lobbying expenditures to influence a legislative body (direct lobbying) .......    
c Total lobbying expenditures (add lines 1a and 1b) ...................    
d Other exempt purpose expenditures ........................    
e Total exempt purpose expenditures (add lines 1c and 1d) ...............    
f Lobbying nontaxable amount. Enter the amount from the following table in both
columns.		    
  If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:    
  Not over $500,00020% of the amount on line 1e.    
  Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.    
  Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.    
  Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.    
  Over $17,000,000$1,000,000.    
       
g Grassroots nontaxable amount (enter 25% of line 1f) .................    
h Subtract line 1g from line 1a. If zero or less, enter -0-. ................    
i Subtract line 1f from line 1c. If zero or less, enter -0-. ................    
j If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting
section 4911 tax for this year? ......................................

4-Year Averaging Period Under Section 501(h)
(Some organizations that made a section 501(h) election do not have to complete all of the five
columns below. See the instructions for lines 2a through 2f on page 4.)
Lobbying Expenditures During 4-Year Averaging Period
  Calendar year (or fiscal year
beginning in) 		(a) 2009 (b) 2010 (c) 2011 (d) 2012 (e) Total
             
2a 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) 2012


Schedule C (Form 990 or 990-EZ) 2012
Page 3
Part II-B
Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768 (election under section 501(h)).
For each “Yes” response to lines 1a through 1i below, provide in Part IV a detailed description of the lobbying activity.
(a)
No
Yes
(b)
Amount
1
During the year, did the filing organization attempt to influence foreign, national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of:
a
Volunteers? .........................................
 
No
b
Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ....
Yes
 
c
Media advertisements? ....................................
 
No
 
d
Mailings to members, legislators, or the public? .........................
Yes
 
 
e
Publications, or published or broadcast statements? .......................
 
No
 
f
Grants to other organizations for lobbying purposes? .......................
 
No
 
g
Direct contact with legislators, their staffs, government officials, or a legislative body? ........
Yes
 
153,392
h
Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ......
 
No
 
i
Other activities? ..........................
Yes
 
 
j
Total. Add lines 1c through 1i ...............................
153,392
2a
Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....
 
No
b
If "Yes," enter the amount of any tax incurred under section 4912 .................
 
c
If "Yes," enter the amount of any tax incurred by organization managers under section 4912 .....
 
d
If the filing organization incurred a section 4912 tax, did it file Form 4720 for this year? .......
 
 
Part III-A
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6).
Yes
No
1
Were substantially all (90% or more) dues received nondeductible by members? ................
1
 
 
2
Did the organization make only in-house lobbying expenditures of $2,000 or less? ................
2
 
 
3
Did the organization agree to carry over lobbying and political expenditures from the prior year? ..........
3
 
 
Part III-B
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(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."
1
Dues, assessments and similar amounts from members .....................
1
 
2
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
Current year .........................................
2a
 
b
Carryover from last year ....................................
2b
 
c
Total ............................................
2c
 
3
Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .
3
 
4
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 lobbying and political expenditure next year? ................................
4
 
5
Taxable amount of lobbying and political expenditures (see instructions) ..............
5
 
Part IV
Supplemental Information
Complete this part to provide the descriptions required for Part l-A, line 1; Part l-B, line 4; Part l-C, line 5; Part II-A (affiliated group list); Part II-A, line 2; and Part ll-B, line 1. Also, complete this part for any additional information.
Identifier Return Reference Explanation
Description of the activities reported on Lines 1a through 1i Schedule C, Part II-B, Line 1 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 2013 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. 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.
Schedule C (Form 990 or 990EZ) 2012

Additional Data


Software ID: 12000266
Software Version: v2012.1.0

SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
SchDMd Bullet Complete 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
SchDMd Bullet Attach to Form 990. SchDMd Bullet See separate instructions.
OMB No. 1545-0047
2012
Open to Public Inspection
Name of the organization
MASSACHUSETTS INSTITUTE OF TECHNOLOGY
 
Employer identification number

04-2103594
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" to Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year .........    
2 Aggregate contributions to (during year) ...    
3 Aggregate grants from (during year) .....    
4 Aggregate value at end of year ........    
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................
Part II
Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ....................... 2a  
b Total acreage restricted by conservation easements .................. 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register .................... 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during
the tax year SchDMd Bullet  
4
Number of states where property subject to conservation easement is located SchDMd Bullet  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and
enforcement of the conservation easements it holds? .............................
6
Staff and volunteer hours devoted to monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet  
7
Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet $  
8
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)? .......................................
9
In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" to Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, 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 sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:
(i)
Revenues included in Form 990, Part VIII, line 1 ........................SchDMd Bullet $  
(ii)
Assets included in Form 990, Part X ..............................SchDMd Bullet $  
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 (ASC 958) relating to these items:
a
Revenues included in Form 990, Part VIII, line 1 ..........................SchDMd Bullet $  
b
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 52283D
Schedule D (Form 990) 2012

Schedule D (Form 990) 2012
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?........
Part IV
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.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b
If "Yes," explain the arrangement in Part XIII and complete the following table:
Amount
c Beginning balance ................................. 1c  
d Additions during the year .............................. 1d  
e Distributions during the year ............................. 1e  
f Ending balance ................................... 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21? .....................
b
If “Yes,” explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ........
Part V
Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10.
(a)Current year (b)Prior year b (c)Two years back (d)Three years back (e)Four years back
1a Beginning of year balance .... 10,308,273,000 9,853,574,000 8,463,458,000 8,151,805,000 10,234,500,000
b Contributions ........ 136,980,000 180,985,000 313,644,000 61,779,000 112,805,000
c Net investment earnings, gains, and losses 1,075,065,000 754,548,000 1,431,852,000 768,418,000 -1,707,012,000
d Grants or scholarships ..... 98,947,000 93,944,000 88,414,000 104,997,000 100,900,000
e Other expenditures for facilities
and programs ........ 		400,353,000 374,661,000 254,932,000 396,737,000 380,108,000
f Administrative expenses .... 15,088,000 12,229,000 12,034,000 16,810,000 7,480,000
g End of year balance ...... 11,005,930,000 10,308,273,000 9,853,574,000 8,463,458,000 8,151,805,000
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment SchDMd Bullet29.338 %
b
Permanent endowment SchDMd Bullet23.674 %
c
Temporarily restricted endowment SchDMd Bullet46.988 %
The percentages in lines 2a, 2b, and 2c should equal 100%.
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) unrelated organizations ........................
3a(i)
Yes
 
(ii) related organizations ........................
3a(ii)
Yes
 
b
If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
Yes
 
4
Describe in Part XIII the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment. See Form 990, Part X, line 10.
Description of property (a) Cost or other basis (investment) (b)Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land .................   67,538,000 67,538,000
b Buildings ................   3,297,417,000 1,098,088,000 2,199,329,000
c Leasehold improvements ............   65,541,000 375,000 65,166,000
d Equipment ................   218,431,000 34,379,000 184,052,000
e Other .................       0
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......SchDMdBullet 2,516,085,000
Schedule D (Form 990) 2012

Schedule D (Form 990) 2012
Page 3
Part VII
Investments—Other Securities. See Form 990, Part X, line 12.
(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 0  
(2)Closely-held equity interests 0  
(3)Other
(A) MINORITY INTERESTS 		274,663,000 F

(B) FIXED INCOME 		452,941,000 F

(C) EQUITIES 		6,292,114,000 F

(D) ABSOLUTE RETURN 		1,573,852,000 F

(E) REAL ESTATE & REAL ASSETS 		2,847,374,000 F

(F) SPLIT INTERSEST AGREEMENTS 		148,297,000 F

(G) OTHER 		1,944,000 F

(H) INTEREST RATE SWAPS 		-3,005,000 F

Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)Small Bullet 11,588,180,000
Part VIII
Investments—Program Related. See Form 990, Part X, line 13.
(a) Description of investment type (b) Book value (c) Method of valuation:
Cost or end-of-year market value








Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)Small Bullet  
Part IX
Other Assets. See Form 990, Part X, line 15.
(a) Description (b) Book value








Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........Small Bullet  
Part X
Other Liabilities. See Form 990, Part X, line 25.
1.(a) Description of liability (b) Book value
Federal income taxes 0
DEFERRED REVENUE AND OTHER CREDITS 12,338,000
NONCONTROLLING INTERESTS 274,663,000
ADVANCE PAYMENTS 369,126,000
GOVERNMENT ADVANCES 34,563,000
ACCRUED BENEFITS 109,644,000




Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)Small Bullet 800,334,000
2. Fin 48 (ASC 740) Footnote. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII .....................................................
Schedule D (Form 990) 2012

Schedule D (Form 990) 2012
Page 4
Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
1 Total revenue, gains, and other support per audited financial statements ....... 1  
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains on investments .......... 2a  
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIII.) ............ 2d  
e Add lines 2a through 2d ..................... 2e  
3 Subtract line 2e from line 1..................... 3  
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a  
b Other (Describe in Part XIII.) ........... 4b  
c Add lines 4a and 4b....................... 4c  
5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5  
Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
1 Total expenses and losses per audited financial statements ........... 1  
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities .......... 2a  
b Prior year adjustments .............. 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIII.) ............ 2d  
e Add lines 2a through 2d...................... 2e  
3 Subtract line 2e from line 1..................... 3  
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a  
b Other (Describe in Part XIII.) ............ 4b  
c Add lines 4a and 4b....................... 4c  
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5  
Part XIII
Supplemental Information
Complete this part to provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.
Identifier Return Reference Explanation
Collections of art - description of collections Schedule D, Part III, Line 4 MIT RECORDS ITEMS OF COLLECTIONS OF ART 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.
Intended uses of endowment funds Schedule D, 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 SCHEDULE D, PART X REGARDING REQUIRED "FIN 48" FINANCIAL STATEMENT DISCLOSURE, ANY UNCERTAIN TAX POSITIONS IN THE FISCAL YEAR ENDED JUNE 30, 2013 WERE IMMATERIAL AND THEREFORE DID NOT REQUIRE A FOOTNOTE.
PART III, LINE 1A AND LINE 4 SCHEDULE D, PART III 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.
Schedule D (Form 990) 2012

Additional Data


Software ID: 12000266
Software Version: v2012.1.0




SCHEDULE E(Form 990 or 990-EZ)
Department of the TreasuryInternal Revenue Service
Schools
Right pointing arrow large imageComplete if the organization answered "Yes" to Form 990, Part IV, line 13,or Form 990-EZ, Part VI, line 48.Right pointing arrow large image Attach to Form 990 or Form 990-EZ.
OMB No. 1545-0047
2012
Open to Public Inspection
Name of the organization
MASSACHUSETTS INSTITUTE OF TECHNOLOGY
 
Employer identification number

04-2103594
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
Yes
 
2
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? ......................................
2
Yes
 
3
Has the organization publicized its racially nondiscriminatory policy through newspaper or broadcast media during
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," please describe. If "No,"
please explain. If you need more space use Part II. .............................
3
Yes
 
 
4
Does the organization maintain the following?
a
Records indicating the racial composition of the student body, faculty, and administrative staff? ..........
4a
Yes
 
b
Records documenting that scholarships and other financial assistance are awarded on a racially nondiscriminatory
basis? ...............................................
4b
Yes
 
c
Copies of all catalogues, brochures, announcements, and other written communications to the public dealing
with student admissions, programs, and scholarships? ...........................
4c
Yes
 
d
Copies of all material used by the organization or on its behalf to solicit contributions? ..............
4d
Yes
 
If 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
Students' rights or privileges? .....................................
5a
 
No
b
Admissions policies? .........................................
5b
 
No
c
Employment of faculty or administrative staff? ..............................
5c
 
No
d
Scholarships or other financial assistance? ................................
5d
 
No
e
Educational policies? .........................................
5e
 
No
f
Use of facilities? ...........................................
5f
 
No
g
Athletic programs? ..........................................
5g
 
No
h
Other extracurricular activities? .....................................
5h
 
No
If you answered "Yes" to any of the above, please explain. If you need more space, use Part II.
 
6a
Does the organization receive any financial aid or assistance from a governmental agency? ...........
6a
Yes
 
b
Has the organization's right to such aid ever been revoked or suspended? ...................
6b
 
No
If you answered "Yes" to either line 6a or line 6b, explain on Part II.
7
Does the organization certify that it has complied with the applicable requirements of sections 4.01 through 4.05
of Rev. Proc. 75-50, 1975-2 C.B. 587, covering racial nondiscrimination? If "No," explain on Part II.
7
Yes
 
Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50085D
Schedule E (Form 990 or 990-EZ) 2012
Schedule E (Form 990 or 990EZ) 2012
Page 2
Part II
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).
Identifier Return Reference Explanation
Racially nondiscriminatory policy Schedule E, Part I, Line 3 SEE NEXT PAGE
Financial aid or assistance from a governmental agency Schedule E, Part I, Line 6a MIT RECEIVES PELL, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY AND PERKINS LOANS.
PART I, LINE 3 SCHEDULE E, PART I, LINE 3 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.
Schedule E (Form 990 or 990-EZ) 2012
Additional Data


Software ID: 12000266
Software Version: v2012.1.0
SCHEDULE F(Form 990)
Department of the Treasury
Internal Revenue Service
Statement of Activities Outside the United States
Right pointing arrow large image Complete if the organization answered "Yes" to Form 990,Part IV, line 14b, 15, or 16.Right pointing arrow large image Attach to Form 990. Right pointing arrow large image See separate instructions.
OMB No. 1545-0047
2012
Open to Public Inspection
Name of the organization
MASSACHUSETTS INSTITUTE OF TECHNOLOGY
 
Employer identification number

04-2103594
Part I
General Information on Activities Outside the United States. Complete if the organization answered “Yes” to Form 990, Part IV, line 14b.
1
For grantmakers. Does the organization maintain records to substantiate the amount of the grants or
assistance, the grantees’ eligibility for the grants or assistance, and the selection criteria used to award
the grants or assistance? ...................................
2
For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of grant funds outside
the United States.
3
Activites per Region. (The following Part I, line 3 table can be duplicated if additional space is needed.)
(a) Region (b) Number of offices in the region (c) Number of employees, agents, and independent contractors in region (d) Activities conducted in region (by type) (e.g., fundraising, program services, investments, grants to recipients located in the region) (e) If activity listed in (d) is a program service, describe specific type of
service(s) in region		 (f) Total expenditures
for and investments
in region
EAST ASIA AND THE PACIFIC     PROGRAM SERVICES SUBRECIPIENT AGREEMENT 6,229,732
EUROPE (INCLUDING ICELAND AND GREENLAND)     PROGRAM SERVICES SUBRECIPIENT AGREEMENT 3,492,176
MIDDLE EAST AND NORTH AFRICA     PROGRAM SERVICES SUBRECIPIENT AGREEMENT 47,600
NORTH AMERICA (CANADA & MEXICO ONLY)     PROGRAM SERVICES SUBRECIPIENT AGREEMENT 399,606
SOUTH ASIA     PROGRAM SERVICES SUBRECIPIENT AGREEMENT 626,409
SUB-SAHARAN AFRICA     PROGRAM SERVICES SUBRECIPIENT AGREEMENT 285,409
CENTRAL AMERICA AND THE CARIBBEAN     GRANTMAKING   15,289
EAST ASIA AND THE PACIFIC     GRANTMAKING   303,842
EUROPE (INCLUDING ICELAND AND GREENLAND)     GRANTMAKING   570,288
MIDDLE EAST AND NORTH AFRICA     GRANTMAKING   191,987
NORTH AMERICA (CANADA & MEXICO ONLY)     GRANTMAKING   59,114
RUSSIA AND THE NEWLY INDEPENDENT STATES     GRANTMAKING   57,054
SOUTH ASIA     GRANTMAKING   246,513
SUB-SAHARAN AFRICA     GRANTMAKING   92,481
SOUTH AMERICA     GRANTMAKING   273,471
CENTRAL AMERICA AND THE CARIBBEAN     FUNDRAISING   12,122
EAST ASIA AND THE PACIFIC   6 FUNDRAISING   838,063
EUROPE (INCLUDING ICELAND AND GREENLAND)   17 FUNDRAISING   909,515
MIDDLE EAST AND NORTH AFRICA   1 FUNDRAISING   88,757
NORTH AMERICA (CANADA & MEXICO ONLY)   3 FUNDRAISING   19,899
RUSSIA AND THE NEWLY INDEPENDENT STATES     FUNDRAISING   728
SOUTH AMERICA   1 FUNDRAISING   278,275
SOUTH ASIA     FUNDRAISING   212,763
SUB-SAHARAN AFRICA     FUNDRAISING   2,925
CENTRAL AMERICA AND THE CARIBBEAN     PROGRAM SERVICES EDUCATION/RESEARCH 274,518
EAST ASIA AND THE PACIFIC 1 39 PROGRAM SERVICES EDUCATION/RESEARCH 18,694,106
EUROPE (INCLUDING ICELAND AND GREENLAND)   13 PROGRAM SERVICES EDUCATION/RESEARCH 13,861,037
MIDDLE EAST AND NORTH AFRICA   2 PROGRAM SERVICES EDUCATION/RESEARCH 1,727,417
NORTH AMERICA (CANADA & MEXICO ONLY)   1 PROGRAM SERVICES EDUCATION/RESEARCH 1,059,235
RUSSIA AND THE NEWLY INDEPENDENT STATES     PROGRAM SERVICES EDUCATION/RESEARCH 2,987,853
SOUTH AMERICA 1 2 PROGRAM SERVICES EDUCATION/RESEARCH 1,670,686
SOUTH ASIA   1 PROGRAM SERVICES EDUCATION/RESEARCH 1,429,903
SUB-SAHARAN AFRICA     PROGRAM SERVICES EDUCATION/RESEARCH 1,023,806
CENTRAL AMERICA AND THE CARIBBEAN     INVESTMENTS   1,389,327,000
EUROPE (INCLUDING ICELAND AND GREENLAND)     INVESTMENTS   165,661,000
NORTH AMERICA (CANADA & MEXICO ONLY)     INVESTMENTS   2,057,000
SUB-SAHARAN AFRICA     INVESTMENTS   98,790,000
3a Sub-total .....      
b Total from continuation sheets to Part I ...      
c Totals (add lines 3a and 3b) 2 86 1,713,817,579
For Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2012
Schedule F (Form 990) 2012
Page 2
Part II
Grants 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. Part II can be duplicated if additional space is needed.
1 (a) Name of organization (b) IRS code section
and EIN (if applicable)		 (c) Region (d) Purpose of
grant 		(e) Amount of
cash grant 		(f) Manner of
cash
disbursement 		(g) Amount of
of non-cash
assistance 		(h) Description
of non-cash
assistance 		(i) Method of
valuation
(book, FMV,
appraisal, other)
EAST ASIA AND THE PACIFIC HONORARIA 10,000 CHECK      
EUROPE (INCLUDING ICELAND AND GREENLAND) HONORARIA 6,500 CHECK      
MIDDLE EAST AND NORTH AFRICA HONORARIA 7,500 CHECK      
             
             
             
             
             
             
             
             
             
             
             
             
             
2 Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter ....MediumBullet
 
3
Enter total number of other organizations or entities .......................MediumBullet
3
Schedule F (Form 990) 2012
Schedule F (Form 990) 2012Page 3
Part III
Grants 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.
(a) Type of grant or assistance (b) Region (c) Number of recipients (d) Amount of
cash grant 		(e) Manner of cash
disbursement 		(f) Amount of
non-cash
assistance 		(g) Description
of non-cash
assistance 		(h) Method of
valuation
(book, FMV,
appraisal, other)
PSC CENTRAL AMERICA AND THE CARIBBEAN 1 2,150 CHECK      
PSC EAST ASIA AND THE PACIFIC 4 13,600 CHECK      
PSC NORTH AMERICA (CANADA & MEXICO ONLY) 1 900 CHECK      
PSC SOUTH ASIA 7 21,100 CHECK      
PSC SUB-SAHARAN AFRICA 19 67,200 CHECK      
MISTI EAST ASIA AND THE PACIFIC 70 193,990 CHECK      
MISTI EUROPE (INCLUDING ICELAND AND GREENLAND) 191 335,326 CHECK      
MISTI MIDDLE EAST AND NORTH AFRICA 87 184,096 CHECK      
MISTI NORTH AMERICA (CANADA & MEXICO ONLY) 17 25,350 CHECK      
MISTI RUSSIA AND THE NEWLY INDEPENDENT STATES 7 38,000 CHECK      
MISTI SOUTH AMERICA 54 261,376 CHECK      
MISTI SOUTH ASIA 53 67,950 CHECK      
HONORARIA EAST ASIA AND THE PACIFIC 3 16,446 CHECK      
HONORARIA EUROPE (INCLUDING ICELAND AND GREENLAND) 8 70,906 CHECK      
HONORARIA MIDDLE EAST AND NORTH AFRICA 2 3,350 CHECK      
HONORARIA NORTH AMERICA (CANADA & MEXICO ONLY) 16 24,807 CHECK      
HONORARIA RUSSIA AND THE NEWLY INDEPENDENT STATES 1 1,000 CHECK      
HONORARIA SOUTH AMERICA 1 1,200 CHECK      
HONORARIA SOUTH ASIA 6 3,964 CHECK      
HONORARIA SUB-SAHARAN AFRICA 1 1,429 CHECK      
PRIZES & AWARDS CENTRAL AMERICA AND THE CARIBBEAN 3 2,361 CHECK      
PRIZES & AWARDS EAST ASIA AND THE PACIFIC 72 67,806 CHECK      
PRIZES & AWARDS EUROPE (INCLUDING ICELAND AND GREENLAND) 32 39,232 CHECK      
PRIZES & AWARDS MIDDLE EAST AND NORTH AFRICA 3 1,819 CHECK      
PRIZES & AWARDS RUSSIA AND THE NEWLY INDEPENDENT STATES 1 1,000 CHECK      
PRIZES & AWARDS SOUTH AMERICA 7 10,895 CHECK      
PRIZES & AWARDS SOUTH ASIA 31 103,536 CHECK      
PRIZES & AWARDS SUB-SAHARAN AFRICA 4 14,550 CHECK      
FELLOWSHIPS CENTRAL AMERICA AND THE CARIBBEAN 4 10,778 CHECK      
FELLOWSHIPS EAST ASIA AND THE PACIFIC 3 12,000 CHECK      
FELLOWSHIPS EUROPE (INCLUDING ICELAND AND GREENLAND) 24 124,824 CHECK      
FELLOWSHIPS MIDDLE EAST AND NORTH AFRICA 2 2,722 CHECK      
FELLOWSHIPS NORTH AMERICA (CANADA & MEXICO ONLY) 3 8,057 CHECK      
FELLOWSHIPS RUSSIA AND THE NEWLY INDEPENDENT STATES 5 17,054 CHECK      
FELLOWSHIPS SOUTH ASIA 8 49,963 CHECK      
FELLOWSHIPS SUB-SAHARAN AFRICA 4 9,302 CHECK      
Schedule F (Form 990) 2012
Schedule F (Form 990) 2012
Page 4
Part IV
Foreign Forms
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)......................................
2 Did the organization have an interest in a foreign trust during the tax year? If “Yes,” the organizationmay 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).......................................
3 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)..............................
4 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, Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see Instructions for Form 8621)
5 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)....................................
6 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)................................................
Schedule F (Form 990) 2012
Schedule F (Form 990) 2012
Page 5
Part V
Supplemental Information
Complete this part to provide the information required by Part I, line 2 (monitoring of funds); Part I, line 3, column (f) (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 to provide any additional information (see instructions).
Identifier ReturnReference Explanation
Procedures for monitoring use of grant funds 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.
LINE 3A 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.
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
Schedule F (Form 990) 2012
Additional Data


Software ID: 12000266
Software Version: v2012.1.0



SCHEDULE G (Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Supplemental Information Regarding
Fundraising or Gaming Activities
Complete 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. Form 990-EZ filers are not required to complete this part. right arrowAttach to Form 990 or Form 990-EZ. right arrowSee separate instructions.
OMB No. 1545-0047
2012
Open to Public Inspection
Name of the organization
MASSACHUSETTS INSTITUTE OF TECHNOLOGY
 
Employer identification number

04-2103594
Part I
Fundraising Activities. Complete if the organization answered "Yes" to Form 990, Part IV, line 17.
1
Indicate whether the organization raised funds through any of the following activities. Check all that apply.
a e
b f
c g
d
2a
Did the organization have a written or oral agreement with any individual (including officers, directors, trustees
or key employees listed in Form 990, Part VII) or entity in connection with professional fundraising services?
b
If “Yes,” list the ten highest paid individuals or entities (fundraisers) pursuant to agreements under which the fundraiser is
to be compensated at least $5,000 by the organization.
(i) Name and address of individual
or entity (fundraiser) 		(ii) Activity (iii) Did fundraiser have custody or control of contributions? (iv) Gross receipts
from activity 		(v) Amount paid to
(or retained by)
fundraiser listed in
col. (i) 		(vi) Amount paid to
(or retained by)
organization
Yes No
 
MARTS & LUNDY INC 		FUNDRAISING CONSULTING   No   153,065 -153,065
 
MOR ASSOCIATES 		FUNDRAISING CONSULTING   No   33,000 -33,000
 
KATHLEEN L RYDAR 		FUNDRAISING CONSULTING   No   7,063 -7,063
             
             
             
             
             
             
             
Total .................right arrow   193,128 -193,128
3
List all states in which the organization is registered or licensed to solicit funds or has been notified it is exempt from registration or licensing.
MA
For Paperwork Reduction Act Notice, see the Instructions for Form 990or 990-EZ.
Cat. No. 50083H
Schedule G (Form 990 or 990-EZ) 2012
Schedule G (Form 990 or 990-EZ) 2012
Page 2
Part II
Fundraising Events. Complete if the organization answered "Yes" to Form 990, Part IV, line 18, or reported more than $15,000 of fundraising event contributions and gross income on Form 990-EZ, lines 1 and 6b. List events with gross receipts greater than $5,000.
(a) Event #1

 
(event type) 		(b) Event #2

 
(event type) 		(c) Other events

 
(total number) 		(d) Total events
(add col. (a) through col. (c))
VerticalRevenue 1 Gross receipts . . .        
2 Less: Contributions . .        
3 Gross income (line 1
minus line 2) . . . 		       
VerticalDirectExpenses 4 Cash prizes . . .        
5 Noncash prizes . .        
6 Rent/facility costs . .        
7 Food and beverages .        
8 Entertainment . . .        
9 Other direct expenses .        
10 Direct expense summary. Add lines 4 through 9 in column (d) ........... right arrow  
11 Net income summary. Combine line 3, column (d), and line 10. .......... right arrow  
Part III
Gaming. Complete if the organization answered "Yes" to Form 990, Part IV, line 19, or reported more than $15,000 on Form 990-EZ, line 6a.
VerticalRevenue (a) Bingo (b) Pull tabs/Instant
bingo/progressive bingo 		(c) Other gaming (d) Total gaming (add col.(a) through col.(c))
1 Gross revenue . . . .        
VerticalDirectExpenses 2 Cash prizes . . . .        
3 Non-cash prizes . . .        
4 Rent/facility costs . . .        
5 Other direct expenses . .        
6 Volunteer labor . . .
 
 
 
7 Direct expense summary. Add lines 2 through 5 in column (d) ........... right arrow  
8 Net gaming income summary. Combine lines 1 and 7 in column (d) .......... right arrow  
9
Enter the state(s) in which the organization operates gaming activities:
a
Is the organization licensed to operate gaming activities in each of these states? ............
b
If "No," explain:
 
10a
Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year? .....
b
If "Yes," explain:
 
Schedule G (Form 990 or 990-EZ) 2012
Schedule G (Form 990 or 990-EZ) 2012
Page 3
11
Does the organization operate gaming activities with nonmembers? .................
12
Is the organization a grantor, beneficiary or trustee of a trust or a member of a partnership or other entity
formed to administer charitable gaming? ..........................
13
Indicate the percentage of gaming activity operated in:
a
The organization's facility ......................
13a
 
b
An outside facility ........................
13b
 
14
Enter the name and address of the person who prepares the organization's gaming/special events books and records:
Name right arrow
Address right arrow
15a
Does the organization have a contract with a third party from whom the organization receives gaming
revenue? ......................................
b
If "Yes," enter the amount of gaming revenue received by the organization right arrow $   and the
amount of gaming revenue retained by the third party right arrow $   .
c
If "Yes," enter name and address of the third party:
Name right arrow
Address right arrow
 
 
16
Gaming manager information:
Name right arrow
Gaming manager compensation right arrow $  
Description of services provided right arrow
 
17
Mandatory distributions:
a
Is the organization required under state law to make charitable distributions from the gaming proceeds to
retain the state gaming license? ............................
b
Enter the amount of distributions required under state law distributed to other exempt organizations or spent
in the organization's own exempt activities during the tax year right arrow$  
Part IV
Supplemental Information. Complete this part to provide the explanations 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).
Identifier Return Reference Explanation
SCHEDULE G, PART I SCHEDULE G, PART IV 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.
Schedule G (Form 990 or 990-EZ) 2012
Additional Data


Software ID: 12000266
Software Version: v2012.1.0
Schedule I
(Form 990)
Department of the Treasury
Internal Revenue Service
Grants and Other Assistance to Organizations,
Governments and Individuals in the United States
Complete if the organization answered "Yes," to Form 990, Part IV, line 21 or 22.
lBullet Attach to Form 990
OMB No. 1545-0047
2012
Open to Public
Inspection
Name of the organization
MASSACHUSETTS INSTITUTE OF TECHNOLOGY
 
Employer identification number
04-2103594
Part I
General Information on Grants and Assistance
1
Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ....................................
2
Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
Part II
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. Part II can be duplicated if additional space is needed.
(a) Name and address of organization
or government		 (b) EIN (c) IRC Code section
if applicable		 (d) Amount of cash grant (e) Amount of non-cash
assistance		 (f) Method of valuation
(book, FMV, appraisal,
other)		 (g) Description of
non-cash assistance		 (h) Purpose of grant
or assistance
(1) ALPHA CHI OMEGA
5939 CASTLE CREEK PARKWAY N DR
INDIANAPOLIS,IN46250 		501(C)(7) 16,162       IRDF GRANT
(2) ALPHA DELTA PHI
PO BOX 426097
CAMBRIDGE,MA02142 		501(C)(7) 19,171       IRDF GRANT
(3) ALPHA EPSILON PI
330 BEACON STREET 33
BOSTON,MA02116 		501(C)(7) 15,726       IRDF GRANT
(4) ALPHA PHI
188 KATERINE RD
RIDGEWOOD,NJ07450 		501(C)(7) 34,769       IRDF GRANT
(5) BETA THETA PI
PO BOX 12
TAFTSVILLE,VT05073 		501(C)(7) 19,683       IRDF GRANT
(6) CHI PHI
10 CREHORE DRIVE
NEWTON LOWER FALLS,MA02115 		501(C)(7) 21,485       IRDF GRANT
(7) DELTA KAPPA EPSILON
6034 ROSE
HOUSTON,TX77007 		501(C)(7) 16,394       IRDF GRANT
(8) DELTA TAU DELTA
246 NEPONSET STREET
CANTON,MA02021 		501(C)(7) 23,732       IRDF GRANT
(9) DELTA UPSILON
212 FOSTER STREET
LITTLETON,MA01460 		501(C)(7) 18,894       IRDF GRANT
(10) EPSILON THETA
259 SAINT PAUL STREET
BROOKLINE,MA02446 		501(C)(7) 11,929       IRDF GRANT
(11) KAPPA SIGMA
11650 NW 56TH DR APT 106
CORAL SPRING,FL33076 		501(C)(7) 27,848       IRDF GRANT
(12) LAMBDA CHI ALPHA
PO BOX 42006
PROVIDENCE,RI02940 		501(C)(7) 42,749       IRDF GRANT
(13) MIT STUDENT HOUSE
18 HARLOW ST
ARLINGTON,MA02474 		501(C)(7) 10,200       IRDF GRANT
(14) NU DELTA
141 NOTTINGHILL ROAD
BRIGHTON,MA02135 		501(C)(7) 20,922       IRDF GRANT
(15) PHI BETA EPSILON CORPORATION
PO BOX 1133
NEW LONDON,NH03257 		501(C)(7) 13,533       IRDF GRANT
(16) PHI DELTA THETA
902 SALEM END ROAD
FRAMINGHAM,MA01702 		501(C)(7) 40,347       IRDF GRANT
(17) PHI KAPPA SIGMA FRATERNITY
8 AVON RD
WELLESLEY,MA02482 		501(C)(7) 39,007       IRDF GRANT
(18) PHI KAPPA THETA
229 COMMONWEALTH AVENUE
BOSTON,MA02116 		501(C)(7) 13,420       IRDF GRANT
(19) PHI LAMBDA PHI
7 CHESSMAN DRIVE
SHARON,MA02067 		501(C)(7) 28,075       IRDF GRANT
(20) PHI SIGMA KAPPA
1545 COLONIAL TERRACE APT 301
ARLINGTON,VA22209 		501(C)(7) 22,170       IRDF GRANT
(21) PIKA
69 CHESTNUT STREET
CAMBRIDGE,MA02136 		501(C)(7) 11,331       IRDF GRANT
(22) SIGMA CHI
44 BOULDER BROOK ROAD
WELLESLY,MA02481 		501(C)(7) 14,455       IRDF GRANT
(23) SIGMA KAPPA
8733 FOUNDERS ROAD
INDIANAPOLIS,IN46268 		501(C)(7) 22,918       IRDF GRANT
(24) SIGMA NU
28 THE FENWAY
BOSTON,MA02215 		501(C)(7) 42,962       IRDF GRANT
(25) TAU EPSILON PHI
253 COMMONWEALTH AVE
BOSTON,MA02116 		501(C)(7) 10,742       IRDF GRANT
(26) THETA CHI
641 EXETER ROAD
HAMPTON,NH03842 		501(C)(7) 16,255       IRDF GRANT
(27) THETA DELTA CHI
40 E 9TH ST APT 11G
NEW YORK,NY10003 		501(C)(7) 10,752       IRDF GRANT
(28) THETA XI
64 BAY STATE ROAD
BOSTON,MA02215 		501(C)(7) 10,460       IRDF GRANT
(29) WILG
130 THORNDIKE ST
ARLINGTON,MA02474 		501(C)(7) 12,196       IRDF GRANT
(30) ZETA BETA TAU
44 IVLOO STREET UNIT 2
SOMERVILLE,MA02143 		501(C)(7) 24,244       IRDF GRANT
(31) ALDEN GALLERIES INCORPORATED
387 WASHINGTON ST 801
BOSTON,MA02108 		  6,873       PRIZE/AWARD
(32) TIMBUK2 DESIGNS INC
583 SHOTWELL STREET
SAN FRANCISCO,CA94110 		  12,475       PRIZE/AWARD
2
Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................ Bullet Image
0
3
Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image
32
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) 2012

Schedule I (Form 990) 2012
Page 2
Part III
Grants and Other Assistance to Individuals in the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.
(a)Type of grant or assistance (b)Number of
recipients		 (c)Amount of
cash grant		 (d)Amount of
non-cash assistance		 (e)Method of valuation (book,
FMV, appraisal, other)		 (f)Description of non-cash assistance
(1) TUITION SUPPORT 7513   327,989,000 FMV FOR TUITION
(2) HONORARIA 676 656,920      
(3) PRIZES AND AWARDS 1271 2,422,603      
(4) PUBLIC SERVICE CENTER FELLOWSHIPS 32 104,950      
(5) MIT STUDENT STIPIENDS & FELLOWSHIPS 1925 36,173,000      
(6) NON-MIT STUDENT FELLOWSHIPS 425 12,798,000      
(7) STUDENT WAGES 8136 96,446,000      
Part IV
Supplemental Information.
Complete this part to provide the information required in Part I, line 2, Part III, column (b), and any other additional information.
Identifier Return Reference Explanation
Procedures for monitoring use of grant funds 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 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 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.
Schedule I (Form 990) 2012


Additional Data


Software ID: 12000266
Software Version: v2012.1.0


Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet Complete if the organization answered "Yes" to Form 990,
Part IV, question 23.
SchJMediumBullet Attach to Form 990. SchJMediumBullet See separate instructions.
OMB No. 1545-0047
2012
Open to Public Inspection
Name of the organization
MASSACHUSETTS INSTITUTE OF TECHNOLOGY
 
Employer identification number

04-2103594
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed in Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain....
1b
Yes
 
2
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? .......
2
Yes
 
3
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 a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
4
During the year, did any person listed in Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? ................
4a
 
No
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........
4b
Yes
 
c
Participate in, or receive payment from, an equity-based compensation arrangement? .........
4c
 
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3) and 501(c)(4) organizations only must complete lines 5-9.
5
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ...........................
5a
 
No
b
Any related organization? .........................
5b
 
No
If "Yes," to line 5a or 5b, describe in Part III.
6
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization? ...........................
6a
 
No
b
Any related organization? .........................
6b
 
No
If "Yes," to line 6a or 6b, describe in Part III.
7
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
Yes
 
8
Were any amounts reported in Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III .............................
8
 
No
9
If "Yes" to line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2012

Schedule J (Form 990) 2012
Page 2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.
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 the
instructions, 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 that individual.
(A) Name and Title (B) Breakdown of W-2 and/or 1099-MISC compensation (C) Retirement and other deferred compensation (D) Nontaxable
benefits		 (E) Total of columns
(B)(i)-(D) 		(F) Compensation
reported as deferred
in prior Form 990
(i) Base compensation (ii) Bonus & incentive compensation (iii) Other reportable compensation
(1)CHRIS KAISERPROVOST (i)
(ii)		 363,498
0 		0
0 		29,490
0 		37,500
0 		19,980
0 		450,468
0 		0
0
(2)CLAUDE CANIZARESVP FOR RESEARCH (OUTGOING) (i)
(ii)		 306,032
0 		0
0 		35,354
0 		12,500
0 		15,678
0 		369,564
0 		0
0
(3)DAVID SCHMITTLEINDEAN SLOAN SCHOOL OF MGMT (i)
(ii)		 611,076
0 		0
0 		143,327
0 		37,500
0 		5,721
0 		797,624
0 		0
0
(4)ERIC EVANSDIRECTOR OF LINCOLN LABORATORY (i)
(ii)		 407,372
0 		0
0 		14,695
0 		32,500
0 		25,401
0 		479,968
0 		0
0
(5)GLEN URBANPROFESSOR SLOAN SCHOOL OF MGMT (i)
(ii)		 271,846
0 		0
0 		450,813
0 		8,711
0 		11,079
0 		742,449
0 		0
0
(6)ISRAEL RUIZEXECUTIVE VP & TREASURER (i)
(ii)		 462,382
0 		0
0 		8,837
0 		22,500
0 		25,042
0 		518,761
0 		0
0
(7)JEFFREY NEWTONVP OF RESOURCE DEVELOPMENT (i)
(ii)		 386,609
0 		0
0 		13,015
0 		47,500
0 		4,684
0 		451,808
0 		0
0
(8)JOHN REEDCHAIRMAN OF THE CORPORATION (i)
(ii)		 265,290
0 		0
0 		1,125
0 		0
0 		4,069
0 		270,484
0 		0
0
(9)KIRK KOLENBRANDERVP & SECRETARY OF THE CORPORATION (i)
(ii)		 263,432
0 		0
0 		840
0 		32,500
0 		28,277
0 		325,049
0 		0
0
(10)L RAFAEL REIFPRESIDENT (INCOMING) (i)
(ii)		 614,665
0 		0
0 		56,438
0 		12,500
0 		20,156
0 		703,759
0 		0
0
(11)MARIA ZUBERVP FOR RESEARCH (INCOMING) (i)
(ii)		 295,324
0 		0
0 		6,212
0 		32,500
0 		69,120
0 		403,156
0 		0
0
(12)NELSON REPENNINGPROFESSOR SLOAN SCHOOL OF MGMT (i)
(ii)		 229,988
0 		0
0 		497,776
0 		21,366
0 		21,729
0 		770,859
0 		0
0
(13)PHILLIP CLAYPROFESSOR (i)
(ii)		 293,415
0 		0
0 		11,667
0 		12,500
0 		19,791
0 		337,373
0 		0
0
(14)R GREGORY MORGANVP & GENERAL COUNSEL (i)
(ii)		 506,893
0 		0
0 		64,960
0 		37,500
0 		27,188
0 		636,541
0 		0
0
(15)ROBERTO FERNANDEZPROFESSOR SLOAN SCHOOL OF MGMT (i)
(ii)		 299,754
0 		0
0 		348,240
0 		37,500
0 		47,192
0 		732,686
0 		0
0
(16)SETH ALEXANDERPRESIDENT OF MITIMCO (i)
(ii)		 558,355
0 		583,546
0 		30,600
0 		22,500
0 		26,349
0 		1,221,350
0 		0
0
(17)STEVEN MARSHMANAGING DIRECTOR - MITIMCO (i)
(ii)		 423,666
0 		310,008
0 		15,500
0 		32,500
0 		26,507
0 		808,181
0 		0
0
(18)SUSAN HOCKFIELDPRESIDENT (OUTGOING) (i)
(ii)		 713,106
0 		0
0 		884,039
0 		42,500
0 		81,952
0 		1,721,597
0 		0
0
(19)W ERIC GRIMSONCHANCELLOR (i)
(ii)		 260,733
0 		0
0 		27,078
0 		37,500
0 		31,249
0 		356,560
0 		0
0
Schedule J (Form 990) 2012

Schedule J (Form 990) 2012
Page 3
Part III
Supplemental Information
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.
Identifier Return Reference Explanation
First-class or charter travel Schedule J, Part I, Line 1a 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.
Travel for companions Schedule J, Part I, Line 1a 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.
Tax indemnification and gross-up payments Schedule J, Part I, Line 1a 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.
Housing allowance or residence for personal use Schedule J, Part I, Line 1a THE MIT PRESIDENT IS REQUIRED TO LIVE IN AN MIT OWNED CAMPUS RESIDENCE AS A CONDITION OF EMPLOYMENT AND AS A CONVENIENCE TO MIT. IN CALENDAR YEAR 2012, PRESIDENT HOCKFIELD ONLY RESIDED ON THE MIT CAMPUS RESIDENCE FOR HALF OF THE YEAR. PRESIDENT REIF DID NOT RESIDE ON THE MIT CAMPUS RESIDENCE IN CALENDAR YEAR 2012. 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 $35,000 FOR PRESIDENT HOCKFIELD IN CALENDAR YEAR 2012. 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 SERVICES FOR THE PORTION OF THE MIT OWNED RESIDENCE USED BY THE PRESIDENT'S FAMILY AS THEIR PRIVATE RESIDENCE.
Health or social club dues or initiation fees Schedule J, Part I, Line 1a 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.
Personal services Schedule J, Part I, Line 1a MIT PAYS FOR HOUSEKEEPING OF THE PUBLIC AREAS OF THE HOUSE AND MIT INCLUDES IN THE PRESIDENT'S TAXABLE INCOME AN AMOUNT OF EXPENSES RELATED TO HOUSEKEEPING SERVICES FOR THE PORTION OF THE MIT OWNED RESIDENCE USED BY THE PRESIDENT'S FAMILY AS THEIR PRIVATE RESIDENCE.
Supplemental nonqualified retirement plan Schedule J, Part I, Line 4b SEE BELOW AT OTHER REPORTABLE COMPENSATION.
OTHER REPORTABLE COMPENSATION - SCHEDULE J, PART II (18) SCHEDULE J, PART I, LINE 4B AS MIT HAS REPORTED IN PRIOR YEARS, MIT PAID AN AMOUNT ANNUALLY INTO AN ACCOUNT FOR THE BENEFIT OF PRESIDENT HOCKFIELD. MIT PAID $125,000 INTO THAT ACCOUNT IN CALENDAR YEAR 2012. SHE COULD NOT ACCESS THAT ACCOUNT BEFORE SHE CEASED SERVING AS MIT'S PRESIDENT. IN ADDITION, PRESIDENT HOCKFIELD VESTED IN A PORTION OF A DEFERRED ANNUITY IN CALENDAR YEAR 2012. THE VALUE OF THE VESTED PORTION OF THE ANNUITY WAS RECORDED IN CALENDAR YEAR 2012. THE OTHER COMPONENTS OF PRESIDENT HOCKFIELD'S OTHER REPORTABLE COMPENSATION INCLUDE THE HOUSEKEEPING SERVICES PROVIDED (REFERENCED ABOVE), A HOUSING ASSISTANCE AMOUNT IN CONNECTION WITH PRESIDENT HOCKFIELD'S RELOCATION FROM GRAY HOUSE (THE MIT PRESIDENT'S HOME), AND A PENSION MATCH. IN THIS FORM 990, THESE FIVE AMOUNTS ARE INCLUDED AS "OTHER REPORTABLE COMPENSATION" (SCHEDULE J, PART II, COLUMN (B)(III)) AS REQUIRED BY IRS REGULATION.
Non-fixed payments 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.
FORM 990, PART VII SCHEDULE J, PART II 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 AN ADDITIONAL ESTIMATE OF 1 TO 3 HOURS PER WEEK AS LISTED IN COLUMN (B) OF FORM 990, PART VII.
Schedule J (Form 990) 2012

Additional Data


Software ID: 12000266
Software Version: v2012.1.0
Schedule K
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Information on Tax Exempt Bonds
SchKMediumBullet Complete if the organization answered "Yes" to Form 990, Part IV, line 24a. Provide descriptions,
explanations, and any additional information in Part VI.
SchKMediumBullet Attach to Form 990. SchKMediumBullet See separate instructions.
OMB No. 1545-0047
2012
Open to Public
Inspection
Name of the organization
MASSACHUSETTS INSTITUTE OF TECHNOLOGY
 
Employer identification number
04-2103594
Part I
Bond Issues
(a) Issuer name (b) Issuer EIN (c) CUSIP # (d) Date issued (e) Issue price (f) Description of purpose (g) Defeased (h) On
behalf of
issuer 		(i) Pool
financing
Yes No Yes No Yes No
A MASSACHUSETTS HEALTH & EDUCATIONAL FAC
  		04-2456011 57585K3G1 05-07-2003 204,790,814 CONSTRUCTION/RENOVATION/REFUND   X   X   X
B MASSACHUSETTS HEALTH & EDUCATIONAL FAC
  		04-2456011 57586CBP9 04-02-2004 150,854,243 CONSTRUCTION AND RENOVATION   X   X   X
C MASSACHUSETTS HEALTH & EDUCATIONAL FAC
  		04-2456011 57586C8G3 08-13-2008 334,995,460 CONSTRUCTION AND RENOVATION   X   X   X
D MASSACHUSETTS HEALTH & EDUCATIONAL FAC
  		04-2456011 57586ECM1 12-10-2008 274,996,289 CONSTRUCTION AND RENOVATION   X   X   X
Part II
Proceeds
A B C D
1 Amount of bonds retired . . . . . . . . . . . . . . 17,190,000 0 0 0
2 Amount of bonds legally defeased . . . . . . . . . . . 0 0 0 0
3 Total proceeds of issue . . . . . . . . . . . . . . 205,361,235 151,599,210 336,035,127 276,649,117
4 Gross proceeds in reserve funds . . . . . . . . . . . . 0 0 0 0
5 Capitalized interest from proceeds . . . . . . . . . . . 0 0 0 0
6 Proceeds in refunding escrows . . . . . . . . . . . . 0 0 0 0
7 Issuance costs from proceeds . . . . . . . . . . . . 1,040,170 854,243 1,575,675 1,558,146
8 Credit enhancement from proceeds . . . . . . . . . . . 0 0 0 0
9 Working capital expenditures from proceeds . . . . . . . . . 0 0 0 0
10 Capital expenditures from proceeds . . . . . . . . . . . 204,321,064 150,744,967 334,459,512 275,090,971
11 Other spent proceeds . . . . . . . . . . . . . . 0 0 0 0
12 Other unspent proceeds . . . . . . . . . . . . . . 0 0 0 0
13 Year of substantial completion . . . . . . . . . . . . 2005 2005 2010 2010
Yes No Yes No Yes No Yes No
14 Were the bonds issued as part of a current refunding issue? . . . . . X     X   X   X
15 Were the bonds issued as part of an advance refunding issue? . . . . .   X   X   X   X
16 Has the final allocation of proceeds been made? . . . . . . . . X   X   X   X  
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? . . . . . . . . . . . . . . X   X   X   X  
Part III
Private Business Use
A B C D
Yes No Yes No Yes No Yes No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? . . . . . . .   X   X   X   X
2 Are there any lease arrangements that may result in private business use of bond-financed property? . . . . . . . . .   X   X   X   X
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50193E
Schedule K (Form 990) 2012
Schedule K (Form 990) 2012
Page 2
Part III
Private Business Use (Continued)
A B C D
Yes No Yes No Yes No Yes No
3a Are there any management or service contracts that may result in private business use of bond-financed property? . . . . . . . . . . . . X   X   X   X  
b 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? . . . . . . . . . . . . . . . .   X   X   X   X
c Are there any research agreements that may result in private business use of bond-financed property? . . . . . . . . . . . . . . . X   X   X   X  
d 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? .   X   X   X   X
4 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 . . SchKMediumBullet 0% 0% 0% 0%
5 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 . . . . . . . SchKMediumBullet 0.00000% 0.00000% 0.00000% 0.00000%
6 Total of lines 4 and 5 . . . . . . . . . . . . . . . 0% 0% 0% 0%
7 Does the bond issue meet the private security or payment test? . . . . .   X   X   X   X
8a Has there been a sale or disposition of any of the bond financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?. . . . . . . . . . . . . . . . .   X   X   X   X
b If “Yes” to line 8a, enter the percentage of bond-financed property sold or disposed of. 0% 0% 0% 0%
c If “Yes” to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? . . . . . . . . . . . . .   X   X   X   X
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under
Regulations sections 1.141-12 and 1.145-2?
X   X   X   X  
Part IV
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has the issuer filed Form 8038-T? . . . . .   X   X   X   X
2 If "No" to line 1, did the following apply? . . . .
a Rebate not due yet? . . . . . . . .   X   X   X   X
b Exception to rebate? . . . . . . . .   X   X   X   X
c No rebate due? . . . . . . . . . .
  X   X   X   X
If you checked "No rebate due" in line 2c, provide in Part VI the date the rebate computation was performed
3 Is the bond issue a variable rate issue? . . . .   X   X   X   X
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?   X   X   X   X
b Name of provider . . . . . . . . .  
  		 
  		 
  		 
 
c Term of hedge . . . . . . . . . . 0.0 0 0 0
d Was the hedge superintegrated? . . . . . .   X   X   X   X
e Was a hedge terminated? . . . . . . .   X   X   X   X
Schedule K (Form 990) 2012
Schedule K (Form 990) 2012
Page 3
Part IV
Arbitrage (Continued)
A B C D
Yes No Yes No Yes No Yes No
5a Were gross proceeds invested in a guaranteed investment contract (GIC)? . . . . . . . . .   X   X   X   X
b Name of provider . . . . . . . . .  
  		 
  		 
  		 
 
c Term of GIC . . . . . . . . . . 0.0 0 0 0
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? . . . . .   X   X   X   X
6 Were any gross proceeds invested beyond an available temporary period? . . . . . . . .   X   X   X   X
7 Has the organization established written procedures to monitor the requirements of section 148? . . . X   X   X   X  
Part V
Procedures To Undertake Corrective Action
A B C D
Yes No Yes No Yes No Yes No
1 Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations? X   X   X   X  
Part VI
Supplemental Information. Complete this part to provide additional information for responses to questions on Schedule K (see instructions).
Identifier Return Reference Explanation
SCHEDULE K, PART I, LINE A SCHEDULE K, PART I 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 SCHEDULE K, PART III MIT ROUTINELY REVIEWS RESEARCH AGREEMENTS RELATING TO ITS BOND-FINANCED PROPERTY FOR PRIVATE BUSINESS USE, USING EITHER IN-HOUSE COUNSEL, OUTSIDE 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 SCHEDULE K, PART III 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.
Schedule K (Form 990) 2012

Additional Data


Software ID: 12000266
Software Version: v2012.1.0

Schedule K
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Information on Tax Exempt Bonds
SchKMediumBullet Complete if the organization answered "Yes" to Form 990, Part IV, line 24a. Provide descriptions,
explanations, and any additional information in Part VI.
SchKMediumBullet Attach to Form 990. SchKMediumBullet See separate instructions.
OMB No. 1545-0047
2012
Open to Public
Inspection
Name of the organization
MASSACHUSETTS INSTITUTE OF TECHNOLOGY
 
Employer identification number
04-2103594
Part I
Bond Issues
(a) Issuer name (b) Issuer EIN (c) CUSIP # (d) Date issued (e) Issue price (f) Description of purpose (g) Defeased (h) On
behalf of
issuer 		(i) Pool
financing
Yes No Yes No Yes No
A MASSACHUSETTS HEALTH & EDUCATIONAL FAC
  		04-2456011 57585K3G1 05-07-2003 204,790,814 CONSTRUCTION/RENOVATION/REFUND   X   X   X
B MASSACHUSETTS HEALTH & EDUCATIONAL FAC
  		04-2456011 57586CBP9 04-02-2004 150,854,243 CONSTRUCTION AND RENOVATION   X   X   X
C MASSACHUSETTS HEALTH & EDUCATIONAL FAC
  		04-2456011 57586C8G3 08-13-2008 334,995,460 CONSTRUCTION AND RENOVATION   X   X   X
D MASSACHUSETTS HEALTH & EDUCATIONAL FAC
  		04-2456011 57586ECM1 12-10-2008 274,996,289 CONSTRUCTION AND RENOVATION   X   X   X
Part II
Proceeds
A B C D
1 Amount of bonds retired . . . . . . . . . . . . . . 17,190,000 0 0 0
2 Amount of bonds legally defeased . . . . . . . . . . . 0 0 0 0
3 Total proceeds of issue . . . . . . . . . . . . . . 205,361,235 151,599,210 336,035,127 276,649,117
4 Gross proceeds in reserve funds . . . . . . . . . . . . 0 0 0 0
5 Capitalized interest from proceeds . . . . . . . . . . . 0 0 0 0
6 Proceeds in refunding escrows . . . . . . . . . . . . 0 0 0 0
7 Issuance costs from proceeds . . . . . . . . . . . . 1,040,170 854,243 1,575,675 1,558,146
8 Credit enhancement from proceeds . . . . . . . . . . . 0 0 0 0
9 Working capital expenditures from proceeds . . . . . . . . . 0 0 0 0
10 Capital expenditures from proceeds . . . . . . . . . . . 204,321,064 150,744,967 334,459,512 275,090,971
11 Other spent proceeds . . . . . . . . . . . . . . 0 0 0 0
12 Other unspent proceeds . . . . . . . . . . . . . . 0 0 0 0
13 Year of substantial completion . . . . . . . . . . . . 2005 2005 2010 2010
Yes No Yes No Yes No Yes No
14 Were the bonds issued as part of a current refunding issue? . . . . . X     X   X   X
15 Were the bonds issued as part of an advance refunding issue? . . . . .   X   X   X   X
16 Has the final allocation of proceeds been made? . . . . . . . . X   X   X   X  
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? . . . . . . . . . . . . . . X   X   X   X  
Part III
Private Business Use
A B C D
Yes No Yes No Yes No Yes No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? . . . . . . .   X   X   X   X
2 Are there any lease arrangements that may result in private business use of bond-financed property? . . . . . . . . .   X   X   X   X
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50193E
Schedule K (Form 990) 2012
Schedule K (Form 990) 2012
Page 2
Part III
Private Business Use (Continued)
A B C D
Yes No Yes No Yes No Yes No
3a Are there any management or service contracts that may result in private business use of bond-financed property? . . . . . . . . . . . . X   X   X   X  
b 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? . . . . . . . . . . . . . . . .   X   X   X   X
c Are there any research agreements that may result in private business use of bond-financed property? . . . . . . . . . . . . . . . X   X   X   X  
d 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? .   X   X   X   X
4 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 . . SchKMediumBullet 0% 0% 0% 0%
5 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 . . . . . . . SchKMediumBullet 0.00000% 0.00000% 0.00000% 0.00000%
6 Total of lines 4 and 5 . . . . . . . . . . . . . . . 0% 0% 0% 0%
7 Does the bond issue meet the private security or payment test? . . . . .   X   X   X   X
8a Has there been a sale or disposition of any of the bond financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?. . . . . . . . . . . . . . . . .   X   X   X   X
b If “Yes” to line 8a, enter the percentage of bond-financed property sold or disposed of. 0% 0% 0% 0%
c If “Yes” to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? . . . . . . . . . . . . .   X   X   X   X
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under
Regulations sections 1.141-12 and 1.145-2?
X   X   X   X  
Part IV
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has the issuer filed Form 8038-T? . . . . .   X   X   X   X
2 If "No" to line 1, did the following apply? . . . .
a Rebate not due yet? . . . . . . . .   X   X   X   X
b Exception to rebate? . . . . . . . .   X   X   X   X
c No rebate due? . . . . . . . . . .
  X   X   X   X
If you checked "No rebate due" in line 2c, provide in Part VI the date the rebate computation was performed
3 Is the bond issue a variable rate issue? . . . .   X   X   X   X
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?   X   X   X   X
b Name of provider . . . . . . . . .  
  		 
  		 
  		 
 
c Term of hedge . . . . . . . . . . 0.0 0 0 0
d Was the hedge superintegrated? . . . . . .   X   X   X   X
e Was a hedge terminated? . . . . . . .   X   X   X   X
Schedule K (Form 990) 2012
Schedule K (Form 990) 2012
Page 3
Part IV
Arbitrage (Continued)
A B C D
Yes No Yes No Yes No Yes No
5a Were gross proceeds invested in a guaranteed investment contract (GIC)? . . . . . . . . .   X   X   X   X
b Name of provider . . . . . . . . .  
  		 
  		 
  		 
 
c Term of GIC . . . . . . . . . . 0.0 0 0 0
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? . . . . .   X   X   X   X
6 Were any gross proceeds invested beyond an available temporary period? . . . . . . . .   X   X   X   X
7 Has the organization established written procedures to monitor the requirements of section 148? . . . X   X   X   X  
Part V
Procedures To Undertake Corrective Action
A B C D
Yes No Yes No Yes No Yes No
1 Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations? X   X   X   X  
Part VI
Supplemental Information. Complete this part to provide additional information for responses to questions on Schedule K (see instructions).
Identifier Return Reference Explanation
SCHEDULE K, PART I, LINE A SCHEDULE K, PART I 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 SCHEDULE K, PART III MIT ROUTINELY REVIEWS RESEARCH AGREEMENTS RELATING TO ITS BOND-FINANCED PROPERTY FOR PRIVATE BUSINESS USE, USING EITHER IN-HOUSE COUNSEL, OUTSIDE 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 SCHEDULE K, PART III 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.
Schedule K (Form 990) 2012

Additional Data


Software ID: 12000266
Software Version: v2012.1.0

Schedule L
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Transactions with Interested Persons
MediumBullet Complete if the organization answered
"Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c,
or Form 990-EZ, Part V, line 38a or 40b.
MediumBullet Attach to Form 990 or Form 990-EZ. MediumBullet See separate instructions.
OMB No. 1545-0047
2012
Open to Public Inspection
Name of the organization
MASSACHUSETTS INSTITUTE OF TECHNOLOGY
 
Employer identification number

04-2103594
Part I
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.
1(a) Name of disqualified person (b) Relationship between disqualified person and organization (c) Description of transaction (d) Corrected?
Yes No





2
Enter the amount of tax incurred by organization managers or disqualified persons during the year under section 4958. ........................... Bullet Image$
 
3
Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ....... Bullet Image$
 

Part II
Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990-EZ, Part V, line 38a, or Form 990, Part IV, line 26; or if the organization reported an amount on Form 990, Part X, line 5, 6, or 22
(a) Name of interested person (b) Relationship with organization (c) Purpose of loan (d) Loan to or from the organization? (e)Original principal amount (f)Balance due (g) In default? (h) Approved by board or committee? (i)Written agreement?
To From Yes No Yes No Yes No
(1) SUSAN HOCKFIELD
  		PRESIDENT MORTGAGE   X 500,000 500,000   No Yes   Yes  
Total ......Small Bullet $ 500,000
Part III
Grants or Assistance Benefitting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of assistance (d) Type of assistance (e) Purpose of assistance
(1) CHILDREN'S SCHOLARSHIP
  		CHILDREN OF QUALIFIED FACULTY 70,080 SCHOLARSHIP SCHOLARSHIP
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 50056A
Schedule L (Form 990 or 990-EZ) 2012
Schedule L (Form 990 or 990-EZ) 2012
Page 2
Part IV
Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of transaction (d) Description of transaction (e) Sharing of organization's revenues?
Yes No
(1) SEE PART V
  		SEE PART V   SEE PART V   No
Part V
Supplemental Information
Complete this part to provide additional information for responses to questions on Schedule L (see instructions).
Identifier Return Reference Explanation
LINE 1 - CHILDREN'S SCHOLARSHIPS SCHEDULE L, 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 SCHEDULE L, 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 $2,001,843. L. RAFAEL REIF IS THE PRESIDENT OF MIT AND A MEMBER OF THE BOARD OF SCHLUMBERGER LIMITED. MIT RECEIVED SPONSORED RESEARCH REVENUE FROM SCHLUMBERGER LIMITED IN THE AMOUNT OF $1,587,819. 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 $103,203. MIT ALSO RECEIVED SPONSORED RESEARCH REVENUE FROM ANALOG DEVICES, INC. IN THE AMOUNT OF $265,575. 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 $10,065. MIT RECEIVED SPONSORED RESEARCH REVENUE IN THE AMOUNT OF $900,306 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 DIRECTOR, OFFICER OR KEY EMPLOYEE. IN FY 2013, THEY RECEIVED COMPENSATION AND BENEFITS IN THE AMOUNTS OF $77,105, $220,573 AND $383,530 RESPECTIVELY.
Schedule L (Form 990 or 990-EZ) 2012

Additional Data


Software ID: 12000266
Software Version: v2012.1.0




SCHEDULE M
(Form 990)

Department of the Treasury
Internal Revenue Service
Noncash Contributions
Right pointing arrow large imageComplete if the organizations answered "Yes" on Form 990, Part IV, lines 29 or 30.
Right pointing arrow large image Attach to Form 990.
OMB No. 1545-0047
2012
Open to Public Inspection
Name of the organization
MASSACHUSETTS INSTITUTE OF TECHNOLOGY
 
Employer identification number

04-2103594
Part I
Types of Property
(a)
Check if applicable 		(b)
Number of contributions or items contributed 		(c)
Noncash contribution amounts reported on
Form 990, Part VIII, line 1g 		(d)
Method of determining
noncash contribution amounts
1 Art—Works of art .... X 14 0  
2 Art—Historical treasures .        
3 Art—Fractional interests ..        
4 Books and publications .. X    
5 Clothing and household
goods ....... 		X    
6 Cars and other vehicles ..        
7 Boats and planes ....        
8 Intellectual property ...        
9 Securities—Publicly traded . X 675 22,972,000 MARKET VALUE
10 Securities—Closely held stock .        
11 Securities—Partnership, LLC,
or trust interests .... 		       
12 Securities—Miscellaneous .. X 3 702,000 MARKET VALUE
13 Qualified conservation
contribution—Historic
structures ..... 		       
14 Qualified conservation
contribution—Other ... 		       
15 Real estate—Residential .        
16 Real estate—Commercial ..        
17 Real estate—Other ...        
18 Collectibles .....        
19 Food inventory ...        
20 Drugs and medical supplies .        
21 Taxidermy ......        
22 Historical artifacts ....        
23 Scientific specimens ..        
24 Archeological artifacts ...        
25 Other Right pointing arrow large image ( EQUIPMENT ) X 6 79,500 MARKET VALUE
26 Other Right pointing arrow large image ( ARCHIVAL RECORDS ) X 28 0  
27 Other Right pointing arrow large image ( OTHER ) X 6 0  
28 Other Right pointing arrow large image ( )
29
Number of Forms 8283 received by the organization during the tax year for contributions
for which the organization completed Form 8283, Part IV, Donee Acknowledgement ...
29
2
Yes
No
30a
During the year, did the organization receive by contribution any property reported in Part I, lines 1-28 that it
must hold for at least three years from the date of the initial contribution, and which is not required to be used
for exempt purposes for the entire holding period? ..................
30a
 
No
b
If "Yes," describe the arrangement in Part II.
31
Does the organization have a gift acceptance policy that requires the review of any non-standard contributions?
31
Yes
 
32a
Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash
contributions? ..........................
32a
Yes
 
b
If "Yes," describe in Part II.
33
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.
Cat. No. 51227J
Schedule M (Form 990) (2012)
Schedule M (Form 990) (2012)
Page 2
Part II
Supplemental Information. Complete this part to provide the information required by Part I, lines 30b,
32b, and 33, and whether the organization is reporting in Part I, column (b), the number of contributions, the number of items received, or a combination of both. Also complete this part for any additional information.
Identifier Return Reference Explanation
Explanations of reporting method for number of contributions Schedule M, Part I ART - WORKS OF ART: NUMBER OF CONTRIBUTIONS SECURITIES - PUBLICLY TRADED: NUMBER OF CONTRIBUTIONS SECURITIES - MISCELLANEOUS: NUMBER OF CONTRIBUTIONS OTHER: NUMBER OF CONTRIBUTIONS OTHER: NUMBER OF CONTRIBUTIONS OTHER: NUMBER OF CONTRIBUTIONS
Third parties used to solicit, process, or sell noncash contributions Schedule M, 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.
LINE 33 SCHEDULE M, PART I 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.
Number of contributions or items contributed. Schedule M, part I, column (b), Line 1 NUMBER OF CONTRIBUTIONS
Number of contributions or items contributed. Schedule M, part I, column (b), Line 4  
Schedule M (Form 990) (2012)
Additional Data


Software ID: 12000266
Software Version: v2012.1.0
SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
OMB No. 1545-0047
2012
Open to Public
Inspection
Name of the organization
MASSACHUSETTS INSTITUTE OF TECHNOLOGY
 
Employer identification number

04-2103594
Identifier Return Reference Explanation
PART VI, LINE 1A FORM 990, 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, CONTROLS, SPECIAL CONTRACT SERVICES, AND FACULTY TENURE DECISION APPROVAL. THE EXECUTIVE COMMITTEE CONSISTS OF 14 MEMBERS AND MEETS 10 TIMES EACH YEAR. THE MIT CORPORATION IS A BODY CURRENTLY COMPRISED OF 75 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 RESPONSIBLITIY 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 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 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 FORM 990, PART VI, LINE 2 CLAUDE 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.
Significant changes to organizational documents Form 990, Part VI, Section A, Line 4 MIT'S BYLAWS WERE AMENDED AND MADE EFFECTIVE IN DECEMBER, 2012. THESE AMENDMENTS DEALT WITH A SERIES OF ISSUES, CHIEF OF WHICH INCLUDED: (I) CLARIFYING THE ROLE AND DUTIES OF THE CORPORATION AND CLARIFYING MIT'S EXECUTIVE COMMITTEE AS THE GOVERNING BODY THROUGH WHICH THE CORPORATION DISCHARGES MUCH OF ITS RESPONSIBILITY; (II) THE INTERFACE BETWEEN GOVERNANCE OVERSIGHT AND AUTHORITY AND FLEXIBILITY IN MATTERS OF ADMINISTRATION; (III) CERTAIN MIT STANDING COMMITTEES; AND (IV) OTHER CLARIFYING AND SIMPLIFYING CHANGES. NO DIRECT OR INDIRECT CHANGES WERE MADE TO OR OTHERWISE AFFECTED MIT'S CENTRAL TEACHING AND RESEARCH MISSION. TO VIEW THE CURRENT MIT BYLAWS, SEE HTTP://WEB.MIT.EDU/CORPORATION/BYLAWS/BYLAWS.PDF
Members or stockholders electing members of governing body Form 990, Part VI, Section A, 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 BOARD OF DIRECTORS.
Monitoring compliance of local unit's activities Form 990, Part VI, Section B, 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.
Review of form 990 by governing body Form 990, Part VI, Section B, Line 11b MIT'S OFFICERS RESPONSIBLE FOR MIT'S TAX MATTERS PREPARE MIT'S FORM 990 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 RISK AND AUDIT COMMITTEE AND EXECUTIVE COMMITTEE (MIT'S GOVERNING BODY) ARE PROVIDED WITH THE FORM AND RELATED SCHEDULES FOR THEIR REVIEW AND COMMENT.
Conflict of interest policy Form 990, Part VI, Section B, 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 INTEREST OF INDIVIDUALS SERVING ON THE MIT EXECUTIVE COMMITTEE, ON THE CORPORATION OR AS OFFICERS ARE RAISED, CONSIDERED AND ADDRESSED ON AN ADHOC 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.
Process used to establish compensation of top management official Form 990, Part VI, Section B, Line 15a THE SALARY SUBCOMMITTEE, A SUBCOMMITTEE OF THE EXECUTIVE COMMITTEE OF THE MIT CORPORATION, REVIEWS DATA REGARDING PAY COMPARISONS OF OTHER PEER 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.
Process used to establish compensation of other officers/key employees Form 990, Part VI, Section B, Line 15b THE SALARY SUBCOMMITTEE, A SUBCOMMITTEE OF THE EXECUTIVE COMMITTEE OF THE MIT CORPORATION, REVIEWS DATA REGARDING PAY COMPARISONS OF OTHER PEER 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.
Governing documents, conflict of interest policy and financial statements available to the public Form 990, Part VI, Section C, Line 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE ON MIT'S WEBSITE HTTP://WEB.MIT.EDU.
Other Expenses Form 990, Part IX, Line 24 OTHER EXPENSES - TOTAL EXPENSE: XXX-XX-XXXX, PROGRAM SERVICE EXPENSE: 227450000, MANAGEMENT AND GENERAL EXPENSES: XXX-XX-XXXX, FUNDRAISING EXPENSES: 1863000;
PART II, COLUMN B(III) SCHEDULE J, PART II, COLUMN (B)(III) 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 FERNANDEZ, URBAN, REPENNING AND SCHMITTLEIN.
PART II, COLUMN (C) SCHEDULE J, PART II, COLUMN (C) SCHEDULE J, PART II, COLUMN (C) DOES NOT INCLUDE $129,507 OF INCENTIVE COMPENSATION FOR MR. ALEXANDER AND $74,625 OF INCENTIVE COMPENSATION FOR MR. MARSH AWARDED IN JANUARY 2012. THESE AMOUNTS CAN INCREASE OR DECREASE DEPENDING ON THE PERFORMANCE OF THE ENDOWMENT AND ARE CONTINGENT ON CONTINUED EMPLOYMENT BY MIT.
Number of contributions or items contributed. Schedule M, part I, column (b), Line 9 NUMBER OF CONTRIBUTIONS
Number of contributions or items contributed. Schedule M, part I, column (b), Line 12 NUMBER OF CONTRIBUTIONS
Number of contributions or items contributed. Schedule M, part I, column (b), Line other=EQUIPMENT NUMBER OF CONTRIBUTIONS
Number of contributions or items contributed. Schedule M, part I, column (b), Line other=ARCHIVAL RECORDS NUMBER OF CONTRIBUTIONS
Number of contributions or items contributed. Schedule M, part I, column (b), Line other=OTHER NUMBER OF CONTRIBUTIONS
Number of contributions or items contributed. Schedule M, part I, column (b), Line 1 NUMBER OF CONTRIBUTIONS
Number of contributions or items contributed. Schedule M, part I, column (b), Line 9 NUMBER OF CONTRIBUTIONS
Number of contributions or items contributed. Schedule M, part I, column (b), Line 12 NUMBER OF CONTRIBUTIONS
Number of contributions or items contributed. Schedule M, part I, column (b), Line other=EQUIPMENT NUMBER OF CONTRIBUTIONS
Number of contributions or items contributed. Schedule M, part I, column (b), Line other=ARCHIVAL RECORDS NUMBER OF CONTRIBUTIONS
Number of contributions or items contributed. Schedule M, part I, column (b), Line other=OTHER NUMBER OF CONTRIBUTIONS
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2012

Additional Data


Software ID: 12000266
Software Version: v2012.1.0
SCHEDULE R
(Form 990)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
MediumBulletComplete if the organization answered "Yes" to Form 990, Part IV, line 33, 34, 35, 36, or 37.
MediumBulletAttach to Form 990. MediumBullet See separate instructions.

OMB No. 1545-0047
2012
Open to Public Inspection
Name of the organization
MASSACHUSETTS INSTITUTE OF TECHNOLOGY
 
Employer identification number

04-2103594
Part I
Identification of Disregarded Entities (Complete if the organization answered "Yes" to Form 990, Part IV, line 33.)
(a)
Name, address, and EIN (if applicable) of disregarded entity


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Total income


 		(e)
End-of-year assets


 		(f)
Direct controlling
entity
(1) MIT REAL ESTATE LLC
C/O MIT 238 MAIN STREET SUITE 200
CAMBRIDGE,MA01242
81-0643869 		REAL ESTATE MA 2,256,231 57,665,000 MIT
 
(2) TECHNOLOGY SQUARE FINANCE LLC
C/O MIT 238 MAIN STREET SUITE 200
CAMBRIDGE,MA01242
81-0643894 		REAL ESTATE MA -8,714 0 MIT
 
(3) MIT 130 BROOKLINE LLC
C/O MIT 238 MAIN STREET SUITE 200
CAMBRIDGE,MA01242
04-2103594 		REAL ESTATE MA -124,052 19,150,001 MIT
 
(4) MIT 170171 SIDNEY LLC
C/O MIT 238 MAIN STREET SUITE 200
CAMBRIDGE,MA01242
04-2103594 		REAL ESTATE MA 133,938 2,895,000 MIT
 
(5) MIT 300 THIRD LLC
C/O MIT 238 MAIN STREET SUITE 200
CAMBRIDGE,MA01242
04-2103594 		REAL ESTATE MA 833,519 18,070,000 MIT
 
(6) MIT 770790 MEMORIAL LLC
C/O MIT 238 MAIN STREET SUITE 200
CAMBRIDGE,MA01242
04-2103594 		REAL ESTATE MA 632,137 13,391,000 MIT
 
(7) MIT 99 ERIE LLC
C/O MIT 238 MAIN STREET SUITE 200
CAMBRIDGE,MA01242
04-2103594 		REAL ESTATE MA 141,102 3,045,000 MIT
 
(8) MIT 185 ALBANY SPE LLC
C/O MIT 238 MAIN STREET SUITE 200
CAMBRIDGE,MA01242
04-2103594 		REAL ESTATE MA 0 0 MIT
 
(9) MIT 195 ALBANY SPE LLC
C/O MIT 238 MAIN STREET SUITE 200
CAMBRIDGE,MA01242
04-2103594 		REAL ESTATE MA -616,338 9,400,000 MIT
 
(10) MIT 207 ALBANY SPE LLC
C/O MIT 238 MAIN STREET SUITE 200
CAMBRIDGE,MA01242
04-2103594 		REAL ESTATE MA -57,541 4,000,000 MIT
 
(11) MIT 8 CARLETON STREET LLC
C/O MIT 238 MAIN STREET SUITE 200
CAMBRIDGE,MA01242
04-2103594 		REAL ESTATE MA -169,869 4,000,000 MIT
 
(12) MIT WEST 300 BLOCK MASS AVE FEE OWNER LLC
C/O MIT 238 MAIN STREET SUITE 200
CAMBRIDGE,MA01242
04-2103594 		REAL ESTATE MA -46,550 7,500,000 MIT
 
(13) MIT VASSAR HOLDINGS LLC
C/O MIT 238 MAIN STREET SUITE 200
CAMBRIDGE,MA01242
 REAL ESTATE MA 0 0 MIT
 
(14) MIT 128 SIDNEY SPE LLC
C/O MIT 238 MAIN STREET SUITE 200
CAMBRIDGE,MA01242
04-2103594 		REAL ESTATE MA 120 2,413 MIT
 
(15) MIT 148 SIDNEY SPE LLC
C/O MIT 238 MAIN STREET SUITE 200
CAMBRIDGE,MA01242
04-2103594 		REAL ESTATE MA 120 2,413 MIT
 
(16) MIT 149 SIDNEY SPE LLC
C/O MIT 238 MAIN STREET SUITE 200
CAMBRIDGE,MA01242
04-2103594 		REAL ESTATE MA 120 2,413 MIT
 
(17) MIT 640 MEMORIAL SPE LLC
C/O MIT 238 MAIN STREET SUITE 200
CAMBRIDGE,MA01242
04-2103594 		REAL ESTATE MA 10 205 MIT
 
(18) MIT ONE BROADWAY FEE OWNER LLC
C/O MIT 238 MAIN STREET SUITE 200
CAMBRIDGE,MA01242
04-2103594 		REAL ESTATE MA 120 2,413 MIT
 
(19) MIT 177 MASSACHUSETTS AVENUE LLC
C/O MIT 238 MAIN STREET SUITE 200
CAMBRIDGE,MA01242
04-2103594 		REAL ESTATE MA 10 201 MIT
 
(20) MIT 650 MAIN STREET LLC
C/O MIT 238 MAIN STREET SUITE 200
CAMBRIDGE,MA01242
04-2103594 		REAL ESTATE MA 120 2,413 MIT
 
(21) MIT 424-456 MASSACHUSETTS AVENUE LLC
C/O MIT 238 MAIN STREET SUITE 200
CAMBRIDGE,MA01242
04-2103594 		REAL ESTATE MA 10 203 MIT
 
(22) MIT 281-295 ALBANY STREET LLC
C/O MIT 238 MAIN STREET SUITE 200
CAMBRIDGE,MA01242
04-2103594 		REAL ESTATE MA 10 204 MIT
 
(23) MIT 12 EMILY STREET LLC
C/O MIT 238 MAIN STREET SUITE 200
CAMBRIDGE,MA01242
04-2103594 		REAL ESTATE MA 10 204 MIT
 
(24) MIT 128 SIDNEY LEASEHOLD LLC
C/O MIT 238 MAIN STREET SUITE 200
CAMBRIDGE,MA01242
04-2103594 		REAL ESTATE MA 2,105,793 18,000,000 MIT
 
(25) MIT 148 SIDNEY LEASEHOLD LLC
C/O MIT 238 MAIN STREET SUITE 200
CAMBRIDGE,MA01242
04-2103594 		REAL ESTATE MA 28,654 5,700,000 MIT
 
(26) MIT 149 SIDNEY LEASEHOLD LLC
C/O MIT 238 MAIN STREET SUITE 200
CAMBRIDGE,MA01242
04-2103594 		REAL ESTATE MA 1,568,195 18,985,000 MIT
 
(27) MIT 640 MEMORIAL LEASEHOLD LLC
C/O MIT 238 MAIN STREET SUITE 200
CAMBRIDGE,MA01242
46-1548002 		REAL ESTATE MA 4,613,796 133,967,407 MIT
 
(28) MIT ONE BROADWAY LLC
C/O MIT 238 MAIN STREET SUITE 200
CAMBRIDGE,MA01242
04-2103594 		REAL ESTATE MA 8,086,576 131,000,000 MIT
 
(29) 177 MASSACHUSETTS AVENUE LEASEHOLD LLC
C/O MIT 238 MAIN STREET SUITE 200
CAMBRIDGE,MA01242
04-2103594 		REAL ESTATE MA 10,581,762 224,496,400 MIT
 
(30) 650 MAIN STREET LEASEHOLD LLC
C/O MIT 238 MAIN STREET SUITE 200
CAMBRIDGE,MA01242
04-2103594 		REAL ESTATE MA 966,441 270,740,000 MIT
 
(31) 424-456 MASSACHUSETTS AVENUE LEASEHOLD LLC
C/O MIT 238 MAIN STREET SUITE 200
CAMBRIDGE,MA01242
04-2103594 		REAL ESTATE MA 810,627 13,500,000 MIT
 
(32) 281-295 ALBANY STREET LEASEHOLD LLC
C/O MIT 238 MAIN STREET SUITE 200
CAMBRIDGE,MA01242
04-2103594 		REAL ESTATE MA 1,504,839 16,400,000 MIT
 
(33) 12 EMILY STREET LEASEHOLD LLC
C/O MIT 238 MAIN STREET SUITE 200
CAMBRIDGE,MA01242
04-2103594 		REAL ESTATE MA 1,023,612 10,360,000 MIT
 
(34) MIT WEST 300 BLOCK JV LLC
C/O MIT 238 MAIN STREET SUITE 200
CAMBRIDGE,MA01242
04-2103594 		REAL ESTATE MA -18,531 1,281,997 MIT
 
(35) MIT EAST 300 BLOCK JV LLC
C/O MIT 238 MAIN STREET SUITE 200
CAMBRIDGE,MA01242
04-2103594 		REAL ESTATE MA -292 266,903 MIT
 
(36) TECH SQUARE JV LLC
C/O MIT 238 MAIN STREET SUITE 200
CAMBRIDGE,MA01242
20-5242541 		REAL ESTATE MA 939,552 67,198,612 MIT
 
(37) MEADOWLARK ASSOCIATES LLC
C/O MIT 238 MAIN STREET SUITE 200
CAMBRIDGE,MA01242
04-2103594 		INVESTMENTS DE -4,092,262 125,193,051 MIT
 
(38) BLUE JAY ASSOCIATES LLC
C/O MIT 238 MAIN STREET SUITE 200
CAMBRIDGE,MA01242
 INVESTMENTS DE 0 0 MIT
 
(39) PEF LLC
C/O MIT 238 MAIN STREET SUITE 200
CAMBRIDGE,MA01242
26-1424379 		INVESTMENTS DE 4,644,728 84,963,609 MIT
 
(40) MIT PRIVATE EQUITY LLC
C/O MIT 238 MAIN STREET SUITE 200
CAMBRIDGE,MA01242
04-3490003 		INVESTMENTS MA 24,406 121,228 MIT
 
(41) MIT PRIVATE EQUITY MANAGEMENT COMPANY LLC
C/O MIT 238 MAIN STREET SUITE 200
CAMBRIDGE,MA01242
04-3490002 		INVESTMENTS MA -107,562 55,712 MIT
 
(42) MIT PRIVATE EQUITY MANAGEMENT COMPANY II LLC
C/O MIT 238 MAIN STREET SUITE 200
CAMBRIDGE,MA01242
43-1964717 		INVESTMENTS MA -318,994 237 MIT
 
(43) MIT PRIVATE EQUITY MANAGEMENT COMPANY III LLC
C/O MIT 238 MAIN STREET SUITE 200
CAMBRIDGE,MA01242
20-4639870 		INVESTMENTS MA -662,074 287 MIT
 
(44) MIT PRIVATE EQUITY MANAGEMENT COMPANY IV LLC
C/O MIT 238 MAIN STREET SUITE 200
CAMBRIDGE,MA01242
26-1356780 		INVESTMENTS MA -214,568 6,576 MIT
 
Part II
Identification of Related Tax-Exempt Organizations (Complete if the organization answered "Yes" to Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.)
(a)
Name, address, and EIN of related organization


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Exempt Code section


 		(e)
Public charity status
(if section 501(c)(3))

 		(f)
Direct controlling
entity

 		(g)
Section 512(b)(13) controlled entity?
Yes No
(1) MIT ENTERPRISE FORUM INC

77 MASSACHUSETTS AVENUE

CAMBRIDGE,MA02142
 EDUCATION MA 501(C)(3) 11 - Type I TECHNOLOGY REVIEW
 
Yes
 
(2) MIT REAL ESTATE FOUNDATION INC

238 MAIN STREET SUITE 200

CAMBRIDGE,MA02142
 REAL ESTATE MA 501(C)(3) 11 - Type I MIT
 
Yes
 
(3) TECHNOLOGY REVIEW INC

ONE MAIN STREET 7TH FLOOR

CAMBRIDGE,MA02142
 PUBLICATION MA 501(C)(3) 11 - Type I MIT
 
Yes
 
(4) TECHNOLOGY BROADCASTING CORPORATION

3 AMES STREET

CAMBRIDGE,MA02142
 RADIO MA 501(C)(3) 9 MIT
 
Yes
 
(5) LORD FOUNDATION OF MASSACHUSETTS INC

238 MAIN STREET SUITE 200

CAMBRIDGE,MA02142
 MIT SUPPORT MA 501(C)(3) 11 - Type I MIT
 
Yes
 
(6) MIT RETIREE WELFARE BENEFIT TRUST

77 MASSACHUSETTS AVENUE NE 49-31

CAMBRIDGE,MA02142
 HEALTH BEN. MA 501(C)(3) 11 - Type I MIT
 
Yes
 
(7) KENDALL PARTNERS I INC

238 MAIN STREET SUITE 200

CAMBRIDGE,MA02142
 TITLE HOLD MA 501(C)(2) N/A MIT
 
Yes
 
(8) THE MASSACHUSETTS GREEN HIGH PERFORMANCE

100 BIGELOW STREET

HOLYOKE,MA01040
 RESEARCH MA 501(C)(3) 11 - Type I NA
 
 
No
(9) MGHPCC HOLYOKE INC

100 BIGELOW STREET

HOLYOKE,MA01041
 RESEARCH MA 501(C)(3) 11 - Type I NA
 
 
No
(10) EDX INC

141 PORTLAND STREET 9TH FLOOR

CAMBRIDGE,MA02139
 EDUCATION MA 501(C)(3) 11 - Type I NA
 
 
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2012
Schedule R (Form 990) 2012
Page 2
Part III
Identification of Related Organizations Taxable as a Partnership (Complete if the organization answered "Yes" to Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year.)
(a)
Name, address, and EIN of
related organization



 		(b)
Primary activity




 		(c)
Legal
domicile
(state or foreign
country)


 		(d)
Direct controlling
entity



 		(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)

(f)
Share of total income




 		(g)
Share of end-of-year
assets



 		(h)
Disproprtionate allocations?




 		(i)
Code V—UBI
amount in box 20 of
Schedule K-1
(Form 1065)
 		(j)
General or
managing
partner?



 		(k)
Percentage
ownership
Yes No Yes No
(1) ALCHEMY PLAN (CAMBRIDGE) LP

 
 
98-0203250 		INVESTMENTS GK MIT
  		EXCLUDED -1,492,036 27,462,761   No 0   No 99.01 %
(2) MD INVESTORS VALUE FUND

 
 
30-0615514 		INVESTMENTS DE MIT INVESTMENTS 2010 LP
  		EXCLUDED 10,031,575 149,793,407   No 0   No 98.164 %
(3) MALLARD FUND LP

 
 
20-8974201 		INVESTMENTS TX MEADOWLARK ASSOCIATES LLC
  		EXCLUDED -4,092,262 125,193,051   No 0   No 99.567 %
(4) MERCKX CAPITAL PARTNERS LP

 
 
36-4711803 		INVESTMENTS DE MIT INVESTMENTS 2010 LP
  		EXCLUDED 4,575,129 56,451,166   No 0   No 89.208 %
(5) MFPLA LP

 
 
45-3203773 		INVESTMENTS DE MIT INVESTMENTS 2010 LP
  		EXCLUDED 7,748,189 234,125,935   No 0   No 97.439 %
(6) MGPLA LP

 
 
45-3625653 		INVESTMENTS DE MIT INVESTMENTS 2010 LP
  		EXCLUDED 1,972,969 46,774,287   No 0   No 98.99 %
(7) MIT INVESTMENTS 2009 LP

 
 
27-0896088 		INVESTMENTS DE MIT
  		EXCLUDED 68,971,265 716,156,712   No 777,345 Yes   91.113 %
(8) MIT INVESTMENTS 2010 LP

 
 
27-0542081 		INVESTMENTS DE MIT
  		EXCLUDED 106,120,215 2,936,125,382   No -1,618,191 Yes   100 %
(9) STOCKBRIDGE FUND M LP

 
 
27-2122022 		INVESTMENTS MA MIT INVESTMENTS 2010 LP
  		EXCLUDED 6,754,825 105,932,363   No 0   No 98.740 %
(10) WEXFORD MIT DISTRESSED LP

 
 
11-3650262 		INVESTMENTS DE MIT
  		EXCLUDED 1,494,899 0   No 600,132   No 0 %
(11) WEXFORD MIT ENERGY II LP

 
 
76-0787877 		INVESTMENTS DE MIT
  		EXCLUDED 2,106,655 21,156,799   No 375,293   No 90.909 %
(12) WEXFORD MIT ENERGY LP

 
 
80-0057801 		INVESTMENTS DE MIT
  		EXCLUDED 207,728 3,869,515   No 74,215   No 66.867 %
(13) WEXFORD SPECIAL SITUATIONS 1997 INSTITUTIONAL LP

 
 
06-1483925 		INVESTMENTS DE MIT
  		EXCLUDED 163,643 0   No 72,479   No 0 %
(14) GALILEO TM LLC

 
 
99-0376894 		INVESTMENTS DE MIT INVESTMENTS 2010 LP
  		EXCLUDED -25,729 108,383,425   No 0   No 99.038 %
(15) HEPHAESTUS ENERGY FUND LP

 
 
36-4747789 		INVESTMENTS DE MIT INVESTMENTS 2010 LP
  		EXCLUDED 0 49,786,566   No 0   No 100 %
(16) INDIA INSTITUTIONAL FUND LLC

 
 
98-0442802 		INVESTMENTS DE MIT
  		EXCLUDED 134,010 25,695,848   No 0   No 86.176 %
(17) MIT PRIVATE EQUITY II LLC

 
 
75-3066771 		INVESTMENTS DE MIT
  		EXCLUDED 20,775 196,726   No 18 Yes   100 %
(18) MIT PRIVATE EQUITY III LLC

 
 
20-4639783 		INVESTMENTS DE MIT
  		EXCLUDED 5,874 325,470   No 1,056 Yes   100 %
(19) MIT PRIVATE EQUITY IV LLC

 
 
26-1356668 		INVESTMENTS DE MIT
  		EXCLUDED 8,532 126,454   No -78 Yes   100 %
Part IV
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.)
(a)
Name, address, and EIN of
related organization
 		(b)
Primary activity
 		(c)
Legal
domicile
(state or foreign
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)
Percentage
ownership
 		(i)
Section 512(b)(13) controlled entity?
Yes No
(1) GAOLING FEEDER II

PO BOX 908GT MARY STREET
  GRAND CAYMANKY1 9005
CJ
INVESTMENTS CJ MIT
  		C CORPORATION 0 400,373,659 100 % Yes  
(2) MIT ENDOWMENTPATRON SCOTLAND LP

50 LOTHIAN ROAD FESTIVAL SQUARE
EDINBURGH,MIDLOTHIANEH3 9BY
UK
INVESTMENTS UK MIT PATRON GP LIMITED
  		C CORPORATION 168,032 12,050,000 100 % Yes  
(3) MIT ENDOWMENTPATRON GP LIMITED

50 LOTHIAN ROAD FESTIVAL SQUARE
EDINBURGH,MIDLOTHIANEH3 9BY
UK
INVESTMENTS UK MIT
  		C CORPORATION 0 0 100 % Yes  
(4) THE GALLINULE FUND

PO BOX 309 UGLAND HOUSE
  GRAND CAYMANKY1 1104
CJ
INVESTMENTS CJ MIT INVESTMENTS 2010 LP
  		C CORPORATION 56,209,606 270,893,780 100 % Yes  
(5) CHARITABLE REMAINDER TRUSTS (278)

 
 
INVESTMENTS MA NA
  		TRUST       Yes  
(6) CHARITABLE LEAD TRUST (1)

 
 
INVESTMENTS MA NA
  		TRUST       Yes  
(7) POOLED INCOME FUNDS (184)

 
 
INVESTMENTS MA NA
  		TRUST       Yes  
(8) CHARITABLE REMAINDER TRUSTS (23)

 
 
INVESTMENTS   NA
  		TRUST       Yes  
(9) CHARITABLE LEAD TRUST (1)

 
 
INVESTMENTS   NA
  		TRUST       Yes  
(10) OUTSIDE PERPETUAL TRUST (18)

 
 
INVESTMENTS   NA
  		TRUST       Yes  
(11) BARTON INSURANCE CO LTD

CRAIG APPIN HOUSE8 WESLEY ST HM JX
  HAMILTON  
BD
INSURANCE BD MIT
  		C CORPORATION     100 % Yes  
(12) MIT PRESS LIMITED

FITZROY HOUSE 11 CHENIES STREET
  LONDONWC1E 7E
UK
PUBLICATION UK MIT
  		C CORPORATION 234,559 1,308,895 100 % Yes  
(13) SINGAPORE-MIT ALLIANCE FOR RESEARCH AND TECHNOLOGY

1 CREATE WAY 10-01 CREATE TOWER
    138602
SN
RESEARCH SN MIT
  		C CORPORATION   57,833,524 100 % Yes  
(14) BOSE CORPORATION

THE MOUNTAIN
FRAMINGHAM,MA01701
 PRODUCT DEVELOPMENT DE NA
  		C CORPORATION       Yes  
(15) MIT INDIA TRUST

PIROJSHANAGER EASTERN EXPRESS HWY
  MUMBAI40007
IN
EDUCATIONAL SUPPORT IN MIT
  		C CORPORATION     100 % Yes  
(16) INDIA INSTITUTIONAL FUND LIMITED

IFS COURT 28 CYBERCITY EBENE
MP    
MP
INVESTMENTS MP INDIA INSTITUTIONAL FUND LLC
  		C CORPORATION 0 25,695,848 86.176 % Yes  
Schedule R (Form 990) 2012
Schedule R (Form 990) 2012
Page 3
Part V
Transactions With Related Organizations (Complete if the organization answered "Yes" to Form 990, Part IV, line 34, 35b, or 36.)
Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.
Yes
No
1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a Receipt of (i) interest (ii) annuities (iii) royalties or (iv) rent from a controlled entity . . . . . . . . . . . . . . . . . . . . . . .
1a
 
No
b Gift, grant, or capital contribution to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1b
Yes
 
c Gift, grant, or capital contribution from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1c
Yes
 
d Loans or loan guarantees to or for related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1d
Yes
 
e Loans or loan guarantees by related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1e
 
No
f Dividends from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1f
Yes
 
g Sale of assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1g
 
No
h Purchase of assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1h
 
No
i Exchange of assets with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1i
 
No
j Lease of facilities, equipment, or other assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1j
 
No
k Lease of facilities, equipment, or other assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . .
1k
 
No
l Performance of services or membership or fundraising solicitations for related organization(s) . . . . . . . . . . . . . . . . . . . .
1l
 
No
m Performance of services or membership or fundraising solicitations by related organization(s) . . . . . . . . . . . . . . . . . . . .
1m
Yes
 
n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) . . . . . . . . . . . . . . . . . . . . .
1n
 
No
o Sharing of paid employees with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1o
 
No
p Reimbursement paid to related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1p
Yes
 
q Reimbursement paid by related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1q
Yes
 
r Other transfer of cash or property to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1r
Yes
 
s Other transfer of cash or property from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1s
Yes
 
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)
Transaction
type (a-s) 		(c)
Amount involved 		(d)
Method of determining amount involved
(1) SINGAPORE-MIT ALLIANCE FOR RESEARCH & TECHNOLOGY CENTRE

 C 10,806,000 CASH
(2) TECHNOLOGY REVIEW INC

 D 2,863,000 CASH
(3) BOSE CORPORATION

 F 10,038,837 FMV
(4) MIT PRESS LTD

 M 804,000 CASH
(5) TECHNOLOGY REVIEW INC

 P 1,880,000 CASH
(6) SINGAPORE-MIT ALLIANCE FOR RESEARCH & TECHNOLOGY CENTRE

 Q 4,963,000 CASH
(7) BARTON INSURANCE CO LTD

 S 4,375,000 CASH
(8) LORD FOUNDATION OF MASSACHUSETTS INC

 R 968,000 CASH
(9) MIT REAL ESTATE FOUNDATION INC

 S 812,000 CASH
(10) MIT PRESS LTD

 S 55,000 CASH
(11) GAOLING FEEDER II

 B 20,000,000 CASH
(12) ALCHEMY PLAN (CAMBRIDGE) LP

 B 220,384 CASH
(13) ALCHEMY PLAN (CAMBRIDGE) LP

 S 3,131,595 CASH
(14) MALLARD FUND LP

 B 28,000,000 CASH
(15) MIT INVESTMENTS 2009 LP

 B 149,577,388 CASH
(16) MIT INVESTMENTS 2009 LP

 S 161,679,914 CASH
(17) MIT INVESTMENTS 2010 LP

 B 1,295,610,404 CASH
(18) MIT INVESTMENTS 2010 LP

 S 303,494,087 CASH
(19) WEXFORD MIT DISTRESSED LP

 S 16,854,070 CASH
(20) WEXFORD MIT ENERGY II LP

 S 909,091 CASH
(21) WEXFORD MIT ENERGY LP

 S 668,673 CASH
(22) WEXFORD SPECIAL SITUATIONS 1997 INSTITUTIONAL LP

 S 2,028,149 CASH
(23) LORD FOUNDATION OF MASSACHUSETTS INC

 S 1,703,000 CASH
Schedule R (Form 990) 2012
Schedule R (Form 990) 2012
Page 4
Part VI
Unrelated Organizations Taxable as a Partnership (Complete if the organization answered "Yes" to Form 990, Part IV, line 37.)
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 assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity 		(b)
Primary activity 		(c)
Legal domicile
(state or foreign
country) 		(d)
Predominant income (related, unrelated, excluded from tax under section 512-514)

(e)
Are all partners
section
501(c)(3)
organizations? 		(f)
Share of total income




 		(g)
Share of
end-of-year
assets 		(h)
Disproprtionate allocations? 		(i)
Code V—UBI
amount in box 20
of Schedule K-1
(Form 1065) 		(j)
General or
managing
partner? 		(k)
Percentage
ownership
Yes No Yes No Yes No






























Schedule R (Form 990) 2012
Schedule R (Form 990) 2012
Page 5
Part VII
Supplemental Information
Complete this part to provide additional information for responses to questions on Schedule R (see instructions).
Identifier Return Reference Explanation
SCHEDULE R, PART IV PART VII 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.

Additional Data


Software ID: 12000266
Software Version: v2012.1.0