The Massachusetts Institute of Technology Investment Management Company (MITIMCo) announced today that MIT's unitized pool of endowment and other MIT funds generated an investment return of 10.3 percent during the fiscal year ending June 30, 2026, as measured using valuations received within one month of fiscal year end. At the end of the fiscal year, MIT's endowment funds totaled $29.2 billion, excluding pledges. Over the 10 years ending June 30, 2026, MIT generated an annualized return of 11.7 percent.
The endowment is the bedrock of MIT's finances, made possible by gifts from alumni and friends for more than a century. The use of the endowment is governed by a state law that requires MIT to maintain each endowed gift as a permanent fund, preserve its purchasing power, and spend it as directed by its original donor. Most of the endowment's funds are restricted and must be used for a specific purpose. MIT uses the bulk of the income these endowed gifts generate to support financial aid, research, and education.
The endowment supports about half of undergraduate tuition, helping to enable the Institute's need-blind and full-need undergraduate admissions policy, which ensures that an MIT education is accessible to the most talented students in the nation and the world regardless of their financial resources.
In fiscal 2026, MIT enhanced undergraduate financial aid, ensuring that all students from families with incomes below $200,000 and typical assets have tuition fully covered by scholarships, and that families with incomes below $100,000 and typical assets owe nothing toward their students' MIT education. Eighty-eight percent of the Class of 2026 graduated with no debt. With our investments in financial aid, parents of MIT undergraduates receiving financial aid now pay on average 10 percent less on a real basis than at the end of the Great Recession.
MIT Student Financial Services works closely with all families of undergraduates who need financial aid to make MIT affordable for them. In 2025-26, the average need-based MIT undergraduate scholarship was $66,155. Fifty-eight percent of MIT undergraduates received need-based financial aid, and 44 percent of MIT undergraduate students received scholarship funding from MIT and other sources sufficient to cover the total cost of tuition.
MIT's endowment enables it to do more cutting-edge research. Fueled by funding from the endowment, the Institute more than matches the amount of campus-based research funded by the U.S. government and other sponsors - expanding its beneficial impact without asking more from taxpayers.
MITIMCo is a unit of MIT, created to manage and oversee the investment of the Institute's endowment, retirement, and operating funds.
MIT's Report of the Treasurer for fiscal year 2026, which details the Institute's annual financial performance, was made available publicly today.
