MIT OCW Funding Analysis (and Implications)
In an opinion piece for The Tech titled OpenCourseWare and the Future of Education, Ryan Normandin lays out MIT OCW’s funding breakdown. It’s the first time I’ve seen the numbers shared publicly. He begins by stating that MIT OCW’s budget is $4.1 million per year (though he notes that OCW cut $500,000 in costs for 2009), and then analyzes revenue by source: Since its creation, 22 percent of OCW’s expenditures have been covered by the Institute, 72 percent has been paid for through grants from the William and Flora Hewlett Foundation and the Andrew Mellon Foundation, and 6 percent has been covered by donations, revenue, and other sources. ...