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3 Questions: Task Force 2021 and the future of MIT s finances | MIT News | Massachusetts Institute of Technology

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.

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