alt Hacker NewsGreat question! Mostly it goes toward maintaining the campus and paying the admin folks. PIs are paid to teach, basically, and are expected to pull in the money to support their own research (and maintain their facilities and pay the admin folks).
Great question! Mostly it goes toward maintaining the campus and paying the admin folks. PIs are paid to teach, basically, and are expected to pull in the money to support their own research (and maintain their facilities and pay the admin folks).
It goes towards MIT’s endowment, which is valued at over $27B, and grew $3B last year.
There is no shortage of money.