Student Activities Office: Finance Resources
The Student Activities Office (SAO) assists and advises MIT Student Organizations with all financial matters. We are committed to providing centralized services for student organizations in accessing their internal accounts, providing quality customer service in a responsive way, providing reseources and information to students and student organizations about Institute policies and procedures, and collaborating with students to meet the changing needs of the MIT community.
*Please send all RFPs to Student Activities Office*
Philosophy regarding use of funds:
Student organizations that are recognized by MIT are given the autonomy and responsibility to spend their funds as the organization sees fit (providing they do not break Institute policy, State, or Federal law). As such, all expense paperwork will be processed as soon as all internal controls are satisfied. The Treasurer and Financial Signatories of any student organization have a responsiblity to the group to manage the accounts ethically and to use the funds in line with the organization's mission. All fund and organization records/receipts are held within a secured area in the Student Activities Office and are available for review upon request.
Definition of Institute Funds:
It should be noted that all student organization funds are considered Institute funds, designated for use by particular student organizations. This includes those funds allocated for use by student governments/departments on an annual basis, funds that have been raised by the respective student organizations as a result of individual fundraising efforts, fees that may have been charged for membership, revenue received from running organized events and through any other means. These funds are subject to the internal and external audit requirements of the Institute and cannot be deposited in non-MIT accounts. As such, all funds are guaranteed by MIT.
The Student Activities Office's mission is to serve students and student organizations and is, as such, always open to feedback and suggestions for improvement.
Other Office Details:
We are open Monday through Friday from 9:00 am until 5:00 pm. Ocassionaly, due to Institute or Division events, there may be limited staffing available to assist you.
There is a mail slot in the door for all after hours drop off needs.
To speak to someone directly about funding and financial questions, please come visit us in W20-549, which is the 5th floor of the Student Center. You can also reach us by phone at 617-253-6777 or e-mail email@example.com.
**Please allow five business days for all transactions.