Office of Insurance
The MIT Office of Insurance purchases and manages the insurance programs that protect the Institute, its community members, and subsidiaries against financial loss related to property and casualty-related incidents.
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Property, Tax, and Accounting
MIT’s accounting activities touch every aspect of Institute operations. You can rely on VPF’s accounting teams and resources to guide you through financial review and control, sponsored agreements, tax requirements, and equipment and furniture needs.
Topic
Property Tagging Team on the Move
With the opening of campus this fall, the VPF Property Office has resumed the process of in-person tagging of new equipment. Team members Leo Browne, Richard Janus, John Jenkins, and Kerry Johnson are working to address the backlog of untagged equipment purchased since March 2020. Their assignment is to tag…
Publication Date
11/3/2021
News
Office of Insurance Now Part of VPF
The MIT Office of Insurance has recently joined VPF. Led by Director of Insurance Sandy Mitchell, the Insurance team is an important and valued resource for DLCs and the wider MIT community, protecting the Institute from risk of financial loss due to property and casualty-related occurrences. It strives to raise…
Publication Date
10/11/2019
News
Creating an Inventory of Office Equipment and Furniture Used for Remote Work
DLCs may find it helpful to create an inventory of MIT-owned office equipment and furniture that is being used for remote work. We have created the below email template and MIT-Owned Property Inventory form to assist you in this inventory effort. Creating an inventory is optional, but it can be a helpful tool as you plan for a variety of…
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Equipment Tagging
Every piece of new equipment that your DLCI acquires with a value of $5,000 and above, must be tagged by the VPF Property Office.
Task
- Property, Tax, and Accounting
Gifts-in-Kind
A gift-in-kind is a donation of goods, such as equipment, art, or historical items. When your DLC receives a gift-in-kind, be sure to report the donation to the Office of the Recording Secretary (RSO) and to the Property Office.
Task
- Property, Tax, and Accounting
Dispose of Surplus Equipment/Furniture
Although disposing of your DLC’s surplus equipment and furniture isn’t complicated, you must follow a few key procedures. Here’s how to get started.
Task
- Property, Tax, and Accounting
Buy Used Computers or Phones
As a member of the MIT community, you can buy a used laptop, desktop computer, tablet, or smartphone from the Institute. Purchasing surplus equipment is a great way to save money and put good equipment to use while reducing the cost to MIT for disposal of computing devices.
Here’s how to get started.
Here’s how to get started.
Task
- Property, Tax, and Accounting
Equipment Transfers
Whether coming in or going out, transferred equipment must be properly accounted for by your DLC. Here’s how to manage the process.
Task
- Property, Tax, and Accounting