As I write in late July, we’re contending with a serious tax improve on the annual returns from MIT’s endowment in addition to different investments and belongings. This new tax burden will pressure the sources we use to help analysis, innovation, and pupil scholarships and monetary assist—the guts and soul of the Institute.
And the monetary affect on us can be important: This tax improve alone will value within the vary of 10% of MIT’s annual central funds.
Sadly, we face the prospect of additional threats to our mission and monetary mannequin this fall when Congress considers drastic cuts to the analysis budgets of federal companies. And all this comes on the heels of a number of US science companies capping their reimbursement of analysis infrastructure and administration bills properly beneath precise prices. These reimbursements are important to working our world-class analysis enterprise, and that’s why we’ve challenged the federal government’s actions in court docket.
I don’t count on all of us agree on the best contours of the Institute’s future. However I’ve to consider that all of us agree it ought to have a future.
For extra data—and methods to assist—you’ll be able to seek the advice of these on-line sources:
– Go to Understanding MIT for a complete view of the Institute’s worth to the nation and the world.
– Go to Arise for MIT and discover methods to take motion.
– And go to MIT’s Response to authorities exercise web page to maintain updated on what’s occurring in Washington and the way it’s affecting the nation’s nice analysis enterprise.
MIT was constructed with the help of generations of alumni and associates—and it’s as much as us to maintain its foundations robust for these to come back.
So I hope you’ll be a part of me in standing up for MIT.
