Introduction & Mission

On June 4, 2004, the MIT Corporation voted to establish the Massachusetts Institute of Technology Investment Management Company (MITIMCo) to assume the duties of the Investment Committee of the Corporation. MITIMCo assumed these responsibilities on July 1, 2004.

Our mission is to provide stewardship of MIT's financial resources.  MITIMCo is a professionally staffed investment organization structured as a division of MIT. MITIMCo has a staff of about 50 employees and works with the assistance of investment advisory firms to help the university meet its investment goals. In addition to managing MIT's endowment, MITIMCo manages the employees'  defined benefit retirement pool, the Retiree Welfare Benefit Plan, and advises the University on various other financial decisions.