MIT Investment Management Company (MITIMCo) announced today that MIT’s unitized pool generated a 10.3% investment return for the fiscal year ending June 30, 2026, based on valuations obtained within one month of year‑end. At fiscal year end the endowment totaled $29.2 billion, excluding pledges, and over the ten years to June 30 2026 it delivered an annualized return of 11.7%. The endowment is the financial bedrock of MIT, governed by state law to preserve principal, maintain purchasing power, and spend according to donor intent; most of it is restricted and earmarked for financial aid, research, and education. Income from the endowment funds roughly half of undergraduate tuition, enabling MIT’s need‑blind, full‑need admission policy. In FY 2026 MIT provided full scholarships to students from families earning under $200,000 with typical assets, and waived all tuition for families earning under $100,000, resulting in 88% of the Class of 2026 graduating debt‑free. The average need‑based scholarship was $66,155; 58% of undergraduates received need‑based aid and 44% received enough scholarship funding to cover total tuition costs. Endowment earnings also fuel cutting‑edge research, allowing MIT to match or exceed the amount of campus‑based research funded by the U.S. government and other sponsors. MITIMCo manages the endowment, retirement, and operating funds, and the Treasurer’s Report for FY 2026 has been made public.
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