|Motto||Mens et Manus (Latin)|
Motto in English
|"Mind and Hand"|
|Type||Private land-grant research university|
|Established||April 10, 1861|
|Founder||William Barton Rogers|
|Endowment||$27.4 billion (2021)|
|President||L. Rafael Reif|
|Students||11,934 (Fall 2021)|
|Undergraduates||4,638 (Fall 2021)|
|Postgraduates||7,296 (Fall 2021)|
|Campus||Midsize City, 166 acres (67.2 ha)|
|Colors|| Cardinal Red|
|Mascot||Tim the Beaver|
The Massachusetts Institute of Technology (MIT) is a private land-grant research university in Cambridge, Massachusetts. Established in 1861, MIT has since played a key role in the development of modern technology and science, ranking it among the top academic institutions in the world.
Founded 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. The institute has an urban campus that extends more than a mile (1.6 km) alongside the Charles River, and 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.
As of December 2021[update], 98 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, 80 Marshall Scholars, 41 astronauts, 16 Chief Scientists of the U.S. Air Force, and numerous heads of states have been affiliated with MIT. The institute also has a strong entrepreneurial culture and MIT alumni have founded or co-founded many notable companies. MIT is a member of the Association of American Universities (AAU) and has received more Sloan Research Fellowships than any other university in North America.
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