As you resume shipping and receiving parcels to and from campus, remember to check for updated guidance from our Preferred shipping vendors. 

Edward McDonough was named VPF Director of Budget and Financial Analysis (B&FA) in June, after serving as Interim Director since December 2020. He leads the VPF team responsible for administering the annual budget process for the Institute, and that provides financial analysis to MIT’s senior leadership to inform decision making.

Zheming Yu has been named VPF Director of Treasury and Planning. In this role, she leads the VPF team responsible for managing MIT’s non-endowed financial assets and the Institute’s debt portfolio and maintaining relationships with MIT’s operating and investment banks and rating agencies.

The VPF Budget & Financial Analysis (B&FA) team is hosting a virtual training session for Fiscal Year 2022 budget submissions.

We recently updated state income tax information for employees residing outside of Massachusetts.

In 2018, MIT adopted the Uniform Guidance framework for its purchasing policy for all purchases made at the Institute. VPF implemented these Uniform Guidance procurement standards and introduced a new online Selection of Source form to document the steps taken when selecting a supplier for purchases exceeding $10,000.

VPF is offering a variety of training opportunities this fall, on a wide range of finance topics.

The MIT 2020 Report of the Treasurer was published on Friday, September 11, 2020, and is available on the Publications page of the VPF website.