MIT Corporation
The MIT Corporation is the chartered board of trustees of the Massachusetts Institute of Technology, providing fiduciary governance, budget approval, degree-program oversight, and strategic stewardship of MIT's endowment and operations since 1861.
- Company typePrivate
- Founded1861
- HeadquartersCambridge, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What MIT Corporation does
The MIT Corporation is the governing body (board of trustees) of the Massachusetts Institute of Technology, a private research university chartered by the Commonwealth of Massachusetts through Chapter 183 of the Acts of 1861. The Corporation has functioned continuously since the Institute was incorporated in 1861, with the Charter formally accepted on April 9, 1862, and the Bylaws most recently amended on October 10, 2025. Its membership comprises 79 active members categorized as Officers (Chair, President, Secretary, Executive Vice President and Treasurer), Term Members serving five-year terms, Life Members serving until age 75, Ex Officio Members (including the Governor, Chief Justice, and Secretary of Education of Massachusetts), and Life Members Emeriti. Members are drawn from distinguished leaders in science, engineering, industry, education, and public service.
The Corporation discharges its fiduciary role through six standing committees — Executive, Governance and Nominations, Risk and Audit, Academic Affairs, Corporation Development, and Visiting Committees — and through 30 visiting committees populated by approximately 425 external professionals who convene roughly every two years. Functional scope includes approving annual budgets, approving the establishment of new degree programs and courses of study, overseeing investment management of MIT's endowment (delegated to a wholly-owned subsidiary, MITIMCo), construction and facilities oversight, and approval of real estate transactions exceeding $10 million. The Corporation maintains its principal office at 77 Massachusetts Avenue, Room 7-203, Cambridge, MA 02139-4307, and is led by Chair Mark P. Gorenberg, President Sally Kornbluth, Secretary Rachel J. Donahue, and Executive Vice President and Treasurer Glen Shor.
The Corporation has no revenue model, product offerings, or commercial operations. It does not sell goods or services, does not employ a revenue-generating workforce (the entity is reported at 1-10 staff), and does not maintain a public-facing API, technology product, or AI capability. Its sole "customer" is the MIT institutional community — students, faculty, researchers, and the broader academic ecosystem — to which it provides governance, strategic oversight, and stewardship rather than commercial offerings. The Corporation is therefore not an investable commercial enterprise; it is a chartered fiduciary body whose economic significance flows through MIT itself rather than through standalone revenue.
MIT Corporation firmographics
Firmographics- Name
- MIT Corporation
- Legal name
- Massachusetts Institute of Technology
- Website
- https://corporation.mit.edu
- Company type
- Private
- Founded year
- 1861
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- The MIT Corporation is the chartered board of trustees of the Massachusetts Institute of Technology, providing fiduciary governance, budget approval, degree-program oversight, and strategic stewardship of MIT's endowment and operations since 1861.
- Ownership category
- akta.pro rank
MIT Corporation industry classification
Industry- Product category
- University Governance and Fiduciary Oversight
- NAICS
- Management of Companies and Enterprises (551)
- SIC
- Non-Operating Establishments (9995)
- akta.pro primary industry
- Governance Bodies & Board/Trustee Administration (EDADAKAL)
- akta.pro secondary industry
- Academic Affairs Administration (Curriculum, Scheduling, Academic Policy) (EDADAKAB)
Keywords
Where MIT Corporation is headquartered
LocationHeadquarters
- HQ city
- Cambridge
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
MIT Corporation business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Others
MIT Corporation product offering
Product offeringCore offering
The MIT Corporation is the governing body (board of trustees) of the Massachusetts Institute of Technology, responsible for approving annual budgets, authorizing new degree programs, overseeing endowment investment management, approving real estate transactions over $10M, and providing fiduciary and strategic oversight of the university. It comprises 79 active members including officers, term members, life members, and ex officio members, and coordinates standing committees and 30 visiting committees staffed by approximately 425 external professionals.
Product overview
MIT Corporation is not a technology product or service company. It is the governing body (board of trustees) of the Massachusetts Institute of Technology, which has functioned since the Institute was incorporated in 1861. The Corporation's website provides information about its governance structure, including membership (officers, term members, life members, ex officio members, and life members emeriti), standing committees (Executive, Governance and Nominations, Risk and Audit, Academic Affairs, Corporation Development, and Visiting Committees), bylaws, charter, travel reimbursement policies, and administrative functions. The website does not offer any technology products, software services, or commercial offerings.
Differentiator
Problem solved
Functional benefit
Companies that use MIT Corporation
Customer profileSegments1 record
Ideal customer profiles1 record
MIT Corporation technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
MIT Corporation partnerships and signals
Strategic signalScale indicators4 records
Recent moves5 records
Expansion highlights3 records
MIT Corporation competitors and assessment
Company assessmentMarket position
Competitive moat4 records
Key risks5 records
Key highlights5 records
Customer concentration
MIT Corporation financial estimates
Financial estimateRevenue estimate
Valuation estimate
MIT Corporation leadership team
Management profileNumber of profiles
Profiles4 records
MIT Corporation subsidiaries and ownership
Company hierarchySubsidiaries1 record
MIT Corporation funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MIT Corporation M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MIT Corporation
What does MIT Corporation do?
The MIT Corporation is the governing body (board of trustees) of the Massachusetts Institute of Technology, responsible for approving annual budgets, authorizing new degree programs, overseeing endowment investment management, approving real estate transactions over $10M, and providing fiduciary and strategic oversight of the university. It comprises 79 active members including officers, term members, life members, and ex officio members, and coordinates standing committees and 30 visiting committees staffed by approximately 425 external professionals.
Is MIT Corporation a public or private company?
MIT Corporation is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was MIT Corporation founded?
MIT Corporation was founded in 1861. It employs 1 to 10 people.
Where is MIT Corporation based?
MIT Corporation is headquartered in Cambridge, United States, in the North America region.
Does MIT Corporation have an API?
No public API is recorded for MIT Corporation.
What industry is MIT Corporation in?
MIT Corporation's product category is University Governance and Fiduciary Oversight. Its primary akta.pro industry code is EDADAKAL, Governance Bodies & Board/Trustee Administration, with a secondary code of EDADAKAB, Academic Affairs Administration (Curriculum, Scheduling, Academic Policy). Its NAICS code is 551 and its SIC code is 9995.