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The new institute was founded as part of the Morrill Land-Grant Colleges Act to fund institutions "to promote the liberal and practical education of the industrial classes" and was a land-grant school.In 1863 under the same act, the Commonwealth of Massachusetts founded the Massachusetts Agricultural College, which developed as the University of Massachusetts Amherst.The faculty doubled and the graduate student body quintupled during the terms of Karl Taylor Compton, president of MIT between 19; James Rhyne Killian, president from 1948 to 1957; and Julius Adams Stratton, chancellor from 1952 to 1957, whose institution-building strategies shaped the expanding university.By the 1950s, MIT no longer simply benefited the industries with which it had worked for three decades, and it had developed closer working relationships with new patrons, philanthropic foundations and the federal government.and had been funded largely by anonymous donations from a mysterious "Mr. In January 1920, the donor was revealed to be the industrialist George Eastman of Rochester, New York, who had invented methods of film production and processing, and founded Eastman Kodak.Between 19, Eastman donated million (6.6 million in 2015 dollars) in cash and Kodak stock to MIT.

MIT is often cited among the world's best universities by various organizations.

The school has a strong entrepreneurial culture and the aggregated revenues of companies founded by MIT alumni would rank as the eleventh-largest economy in the world.

The true and only practicable object of a polytechnic school is, as I conceive, the teaching, not of the minute details and manipulations of the arts, which can be done only in the workshop, but the inculcation of those scientific principles which form the basis and explanation of them, and along with this, a full and methodical review of all their leading processes and operations in connection with physical laws.

The MIT Engineers compete in 31 sports, most teams of which compete in the NCAA Division III's New England Women's and Men's Athletic Conference, whereas the Division I rowing programs compete as part of the EARC and EAWRC.

As of 2017, 88 Nobel laureates, 52 National Medal of Science recipients, 65 Marshall Scholars, 45 Rhodes Scholars, 38 Mac Arthur Fellows, 34 astronauts, 21 Turing award winners, 16 Chief Scientists of the U. Air Force and 6 Fields Medalists have been affiliated with MIT.

MIT is often cited among the world's best universities by various organizations.

The school has a strong entrepreneurial culture and the aggregated revenues of companies founded by MIT alumni would rank as the eleventh-largest economy in the world.

The true and only practicable object of a polytechnic school is, as I conceive, the teaching, not of the minute details and manipulations of the arts, which can be done only in the workshop, but the inculcation of those scientific principles which form the basis and explanation of them, and along with this, a full and methodical review of all their leading processes and operations in connection with physical laws.

The MIT Engineers compete in 31 sports, most teams of which compete in the NCAA Division III's New England Women's and Men's Athletic Conference, whereas the Division I rowing programs compete as part of the EARC and EAWRC.

As of 2017, 88 Nobel laureates, 52 National Medal of Science recipients, 65 Marshall Scholars, 45 Rhodes Scholars, 38 Mac Arthur Fellows, 34 astronauts, 21 Turing award winners, 16 Chief Scientists of the U. Air Force and 6 Fields Medalists have been affiliated with MIT.

The current 168-acre (68.0 ha) campus opened in 1916 and extends over 1 mile (1.6 km) along the northern bank of the Charles River basin.