|Motto||Mens et Manus (Latin)|
Motto in English
|Mind and Hand|
|Established||April 10, 1861|
|Endowment||$17.44 billion (2019)|
|President||L. Rafael Reif|
|Provost||Martin A. Schmidt|
|Campus||Urban, 166 acres (67.2 ha)|
|Colors||Cardinal Red and Silver Gray|
|NCAA Division III – NEWMAC, NEFC,|
Division I – EARC and EAWRC (rowing)
|Mascot||Tim the Beaver|
The Massachusetts Institute of Technology (MIT) 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 (1.6 km) 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, making it one of the most prestigious institutions of higher learning in the world.
As of March 2019[update], 93 Nobel laureates, 26 Turing Award winners, and 8 Fields Medalists have been affiliated with MIT as alumni, faculty members, or researchers. In addition, 58 National Medal of Science recipients, 29 National Medals of Technology and Innovation recipients, 50 MacArthur Fellows, 73 Marshall Scholars, 45 Rhodes Scholars, 41 astronauts, and 16 Chief Scientists of the US Air Force have been affiliated with MIT. The school also has a strong entrepreneurial culture, and the aggregated annual revenues of companies founded by MIT alumni ($1.9 trillion) would rank roughly as the tenth-largest economy in the world (2014). MIT is a member of the Association of American Universities (AAU).