specialized bodies of Corporation members and outside experts who review the performance, activities, and needs of each department.
MIT's endowment, real estate, and other financial assets are managed through by the MIT Investment Management Company (MITIMCo), a subsidiary of the MIT Corporation created in 2004. A minor revenue source for much of the Institute's history, the endowment's role in MIT operations has grown due to strong investment returns since the 1990s, making it one the largest U.S. university endowments. Among its holdings are a majority of shares in the audio equipment manufacturer Bose Corporation, as well as a commercial real estate portfolio in Kendall Square.
== Academics ==
MIT is a large, highly residential, research university with a majority of enrollments in graduate and professional programs. The university has been accredited by the New England Association of Schools and Colleges since 1929. MIT operates on a 4–1–4 academic calendar with the fall semester beginning after Labor …
