Ellison and Khoury spoke with MIT News
about the likely intermediate- to long-term financial impacts Covid will have on MIT, the themes that arose in their group’s conversations, and the changes that might arise if some of their proposals are adopted.
Q: What changes — due to the events of this past year — do you think will have the most significant impact on MIT’s finances?
Ellison: MIT has incurred very large operating expenses and revenue stream losses over the past year plus, as we’ve coped with the pandemic. Although it’s a lot of money, the benefit of a large endowment like ours is that you do not need to react much to one-time shocks.