$118 Million Gift for MIT

January 9, 2015

Massachusetts Institute of Technology on Thursday announced a $118 million gift from an alumnus, Samuel Tak Lee, to create a real estate entrepreneurship lab that will promote social responsibility among entrepreneurs and academics in the real estate profession worldwide, with a focus on China. The gift will fund fellowships to attract students; will support research on sustainable real estate development and global urbanization; and will make the lab’s curriculum available online to learners worldwide via the MOOC provider MITx.



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