page_title: Massachusetts Institute of Technology
section_title: Organization and administration
hierarchical_section_title: Massachusetts Institute of Technology / Organization and administration
caption_attribution_description: MIT's Lobby 7
context_page_description: Massachusetts Institute of Technology is a private research university in Cambridge, Massachusetts. The institute is a land-grant, sea-grant, and space-grant university, with an urban campus that extends more than a mile alongside the Charles River. The institute also encompasses a number of major off-campus facilities such as the MIT Lincoln Laboratory, the Bates Center, and the Haystack Observatory, as well as affiliated laboratories such as the Broad and Whitehead Institutes. Founded in 1861 in response to the increasing industrialization of the United States, MIT adopted a European polytechnic university model and stressed laboratory instruction in applied science and engineering. It has since played a key role in the development of many aspects of modern science, engineering, mathematics, and technology, and is widely known for its innovation and academic strength.
  As of October 2019, 96 Nobel laureates, 26 Turing Award winners, and 8 Fields Medalists have been affiliated with MIT as alumni, faculty members, or researchers.
context_section_description: MIT is chartered as a non-profit organization and is owned and governed by a privately appointed board of trustees known as the MIT Corporation. The current board consists of 43 members elected to five-year terms, 25 life members who vote until their 75th birthday, 3 elected officers (President, Treasurer, and Secretary), and 4 ex officio members (the president of the alumni association, the Governor of Massachusetts, the Massachusetts Secretary of Education, and the Chief Justice of the Massachusetts Supreme Judicial Court). The board is chaired by Robert Millard, a co-founder of L-3 Communications Holdings. The Corporation approves the budget, new programs, degrees and faculty appointments, and elects the President to serve as the chief executive officer of the university and preside over the Institute's faculty. MIT's endowment and other financial assets are managed through a subsidiary called MIT Investment Management Company (MITIMCo). Valued at $16.4 billion in 2018, MIT's endowment was then the sixth-largest among American colleges and universities.
  MIT has five schools (Science, Engineering, Architecture and Planning, Management, and Humanities, Arts, and Social Sciences) and one college (Schwarzman College of Computing), but no schools of law or medicine. While faculty committees assert substantial control over many areas of MIT's curriculum, research, student life, and administrative affairs, the chair of each of MIT's 32 academic departments reports to the dean of that department's school, who in turn reports to the Provost under the President. The current president is L. Rafael Reif, who formerly served as provost under President Susan Hockfield, the first woman to hold the post.
caption: Lobby 7 (at 77 Massachusetts Avenue) is regarded as the main entrance to campus
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