Mit

Sometimes I’m wrong, and I don’t mind admitting when I am. The numbers in Ryan’s article in The Tech yesterday were not terribly representative of the way money has been working at MIT OCW recently. Consequently, the numbers I ran in yesterday’s post weren’t terribly reflective of the current reality, either. (In other words, yesterday’s numbers were wrong.) In that post I invited people to send me more current information if they had it. Both Ryan and Steve Carson of MIT OCW accepted the invitation and provided more updated financial data. (In his reply, Steve good-heartedly suggested that I’m poor at math. My math was correct based on the numbers in Ryan’s article; I think Steve meant that I should redo my calculations based on more recent numbers.) So here we go. ...

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. ...

If you believe, like many, that academic publishers like Elsevier are evil, you may want to upgrade your opinion of Elsevier itself to “small but definitely non-zero chance that this organization is not evil.” According to a joint release from MIT and Elsevier: In a move to encourage open education, MIT OpenCourseWare (OCW) and Elsevier have agreed to make available figures and text selections from any of Elsevier’s more than 2,000 journal titles for use on OCW. As a result of this landmark agreement, select Elsevier content can now be included within the open access OCW course materials - to be freely downloaded, used and shared under a Creative Commons license. ...