Campaign for A Better World breaks three quarters of $5 billion goal
Donations include record $140 million unrestricted single gift
The MIT Campaign for a Better World has received $3.6 billion in donations 17 months after its official launch in May 2016. It is 76 percent of the way toward its $5 billion goal.
Over 87,000 donors have contributed to the Campaign. 71 percent of the donations were from alumni, 26 percent from parents and friends of the Institute, and 3 percent from corporations and foundations.
Donations ranged from under $5 to single donation sums of more than $100 million. This year’s record was an unrestricted single donation of $140 million from an anonymous donor.
The Campaign for A Better World is the largest giving campaign in MIT history. “The past three years have been record setting, with sums over $500 million raised each year,” Aimée Jack, interim executive director for communications and events of the MIT Department for Resource Development, wrote in an email to The Tech.
Projects that have been realized with money from the campaign include student financial aid, the Abdul Latif Jameel World Education Lab (J-WEL), the new Hock E. Tan and K. Lisa Yang Center for Autism Research at the McGovern Institute for Brain Research at MIT, and the work-in-progress MIT.nano. The renovations of New House, new undergraduate residence hall on Vassar Street, and graduate student resident tower near Kendall Square are also expected to be funded by the campaign money.