Private company

Rochester Institute of Technology

Logo: Rochester Institute of Technology, Public domain, via Wikimedia Commons4

Private university in Rochester, New York, US

The Rochester Institute of Technology (RIT) is a private research university in Henrietta, New York, United States, a suburb of Rochester. It was founded in 1829. It is one of only two institutes of technology in New York state, the other being the New York Institute of Technology.2 It employed 4,042 people in 2020.1 Its revenue was $1.2 billion in 2024.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

Jun 12, 1829Founded1
  • Industryhigher education1
  • HeadquartersRochester, United States1
  • Websitewww.rit.edu
  • Legal formSCHOOL3
  • LEI549300CPS7EW1W5BTS023
  • StatusActive3
  • LEI statusIssued and current3
  • Registered address1 Lomb Memorial Drive, 14623-5603 Rochester, United States3

The Rochester Institute of Technology (RIT) is a private research university in Henrietta, New York, United States, a suburb of Rochester. It was founded in 1829. It is one of only two institutes of technology in New York state, the other being the New York Institute of Technology.2

Corporate structure

Rochester Institute of Technology sits at the top of its group. 7 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Rochester Institute of Technology Rochester, New York, United States
    • RIT Press Subsidiary · Rochester
    • Center for Computational Relativity and Gravitation Subsidiary · Rochester, United States
    • RIT College of Art and Design Subsidiary · Henrietta, United States
    • RIT College of Science Subsidiary · Henrietta, United States
    • Saunders College of Business Subsidiary · Rochester, United States
    • School for American Crafts Subsidiary · Rochester, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0). Each entity in the chart links to its source.

The story

The university began as a result of an 1891 merger between Rochester Athenæum, a struggling literary society founded in 1829 by Colonel Nathaniel Rochester and associates, and The Mechanics Institute, a Rochester school of practical technical training for local residents founded in 1885 by a consortium of local businessmen including Captain Henry Lomb, co-founder of Bausch & Lomb. The name of the merged institution at the time was called Rochester Athenæum and Mechanics Institute (RAMI). The Mechanics Institute was considered as the surviving school and took over The Rochester Athenæum's 1829 founding charter. From the time of the merger until 1944, many of its students, administration and faculty staff alike, not only celebrated the former Mechanics Institute's 1885 founding charter, but its former name as well. In 1944, the school changed its name to Rochester Institute of Technology, re-established The Athenæum's 1829 founding charter and became a full-fledged research university.

The university originally resided within the city of Rochester, New York, proper, on a block bounded by the Erie Canal, South Plymouth Avenue, Spring Street, and South Washington Street (approximately 43.152632°N 77.615157°W / 43.152632; -77.615157). Its art department was originally located in the Bevier Memorial Building. By the middle of the twentieth century, RIT began to outgrow its facilities, and surrounding land was scarce and expensive; additionally, in 1959, the New York Department of Public Works announced a new freeway, the Inner Loop, was to be built through the city along a path that bisected the university's campus and required demolition of key university buildings. In 1961, a donation of $3.27 million from local Grace Watson, for whom RIT's dining hall was later named, allowed the university to purchase land for a new 1,300-acre (5.3 km2) campus several miles south along the east bank of the Genesee River in suburban Henrietta. Upon completion in 1968, the university moved to the new suburban campus, where it resides today.

In 1966, RIT was selected by the federal government to be the site of the newly founded National Technical Institute for the Deaf (NTID). NTID admitted its first students in 1968, concurrent with RIT's transition to the Henrietta campus.

In 1979, RIT took over Eisenhower College, a liberal arts college located in Seneca Falls, New York. Despite making a 5-year commitment to keep Eisenhower open, RIT announced in July 1982 that the college would close immediately. One final year of operation by Eisenhower's academic program took place in the 1982–83 school year on the Henrietta campus. The final Eisenhower graduation took place in May 1983 back in Seneca Falls.

The microelectronic engineering program, created in 1982 is the only ABET-accredited undergraduate program in of its type the country. At its inception, it was the nation's first Bachelor of Science program specializing in the fabrication of semiconductor devices and integrated circuits. In 1990, RIT started its first PhD program, in imaging science – the first PhD program of its kind in the U.S. The information technology program was the first nationally recognized IT degree, created in 1993. In 1996, RIT became the first college in the U.S. to offer a Software Engineering degree at the undergraduate level.

From Wikipedia’s article on Rochester Institute of Technology, shared under CC BY-SA 4.0.5

Products and brands

Research

The total value of research grants to university faculty for fiscal year 2025 totaled $105 million. The university currently offers thirteen PhD programs: Imaging science, Microsystems Engineering, Computing and Information Sciences, Color science, Astrophysical Sciences and Technology, Sustainability, Electrical and Computer Engineering, Biomedical and Chemical Engineering, Business Administration, Physics, Mathematical Modeling, and Cognitive Science.

In 1986, RIT founded the Chester F. Carlson Center for Imaging Science, and started its first doctoral program in Imaging Science in 1989. The Imaging Science department also offers the only Bachelors (BS) and Masters (MS) degree programs in imaging science in the country. The Carlson Center features a diverse research portfolio; its major research areas include Digital Image Restoration, Remote Sensing, Magnetic Resonance Imaging, Printing Systems Research, Color Science, Nanoimaging, Imaging Detectors, Astronomical Imaging, Visual Perception, and Ultrasonic Imaging.

The Center for Advancing the Study of CyberInfrastructure (CASCI) is a multidisciplinary center housed in the College of Computing and Information Sciences. The Departments of Computer science, Software Engineering, Information technology, Computer engineering, Imaging Science, and Bioinformatics collaborate in a variety of research programs at this center. RIT was the first university to launch a Bachelor's program in Information technology in 1991, the first university to launch a Bachelor's program in Software Engineering in 1996, and was also among the first universities to launch a Computer science Bachelor's program in 1972. RIT helped standardize the Forth programming language, and developed the CLAWS software package.

RIT has collaborated with many industry players in the field of research as well, including IBM, Xerox, Rochester's Democrat and Chronicle, Siemens, NASA, and the Defense Advanced Research Projects Agency (DARPA). In 2005, it was announced by Russell W. Bessette, Executive Director New York State Office of Science Technology & Academic Research (NYSTAR), that RIT will lead the University at Buffalo and Alfred University in an initiative to create key technologies in microsystems, photonics, nanomaterials, and remote sensing systems and to integrate next generation IT systems. In addition, the collaboratory is tasked with helping to facilitate economic development and tech transfer in New York State. More than 35 other notable organizations have joined the collaboratory, including Boeing, Eastman Kodak, IBM, Intel, SEMATECH, ITT, Motorola, Xerox, and several Federal agencies, including as NASA.

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In 2017, the U.S. Department of Energy selected RIT to lead its Reducing Embodied-Energy and Decreasing Emissions (REMADE) Institute aimed at forging new clean energy measures through the Manufacturing USA initiative.

In 2026, the U.S. Department of the Army awarded RIT a cooperative agreement to establish and lead the Army STEM Education Consortium, a nationwide STEM education and workforce-development initiative serving students and educators from elementary school through postdoctoral study.

RIT began offering a Bachelor of Science degree in artificial intelligence in fall 2026, with the program combining programming, algorithmic principles, co-op, and specialized AI topics.

In June 2026, Jeff Harris and Joyce Pratt committed $24 million to support AI leadership, scholarships, and faculty endowments at RIT. The gift includes support for a Harris-Pratt Directorship for a planned AI institute expected to launch in early 2027.

Rochester Game Festival

Sponsored by RIT's MAGIC Center, ROC Game Dev, and the Irondequoit Library, the Rochester Game Festival is an annual convention that showcases video games and tabletop games produced by students and by independent developers in the surrounding region. More than 1,300 people attended the festival in 2019.

Dining services

RIT Dining Services manages a large number of restaurants and food shops, along with the sole dining hall on campus. There are multiple cafeterias and small retail locations throughout the campus, including near the Residence Halls, in the Student Alumni Union, Global Village, and in certain academic buildings. Dining Services at RIT is completely internal and run through the university. RIT Dining Services also provides opportunities for international students to work on campus. In early 2019 the campus started providing food from a Hydroponic farm on campus that supplied lettuce, kale, and other crops.

From Wikipedia’s article on Rochester Institute of Technology, shared under CC BY-SA 4.0.5

Subsidiaries and ownership

Subsidiaries

  • Center for Computational Relativity and Gravitation
  • RIT College of Art and Design
  • RIT College of Science
  • RIT Press
  • Saunders College of Business
  • School for American Crafts since 1950

From Wikidata.1

Acquisitions

  1. 1950Acquired School for American Crafts1

Employees over time

  • 20204,0421

Revenue over time

As stated on Wikidata, in the currency reported.

Revenue

Rochester Institute of Technology revenue by year1$1.2B in 2024+65% since 2015
0$500.0M$1.0B$1.5B2015: $701.7M$701.7M20152016: $743.2M$743.2M2016+6%2017: $729.3M$729.3M2017−2%2018: $846.0M$846.0M2018+16%2019: $846.3M$846.3M2019+0%2020: $849.6M$849.6M2020+0%2021: $909.6M$909.6M2021+7%2022: $1.1B$1.1B2022+18%2023: $1.0B$1.0B2023−3%2024: $1.2B$1.2B2024+11%
  • 2024$1.2B1
  • 2023$1.0B1
  • 2022$1.1B1
  • 2021$909.6M1
  • 2020$849.6M1
  • 2019$846.3M1

Former names

  • The Rochester Athenaeum and Mechanics InstituteMay 22, 1891 to Jul 21, 19441
  • The Rochester AthenæumFeb 12, 1830 to May 22, 18911

Timeline

  1. Jul 21, 1944Renamed Name changed to Rochester Institute of Technology1
  2. May 22, 1891Renamed Name changed to The Rochester Athenaeum and Mechanics Institute1
  3. Jun 12, 1829Founded Founded1

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$1.2B 2008–2026
Money received by yearMoney received by year, 2008–2026: $1.2B in all. Federal grants $841.6M; Other federal assistance $296.9M; Federal contracts $16.6M.$0$50M$100M$150M2008 · Federal grants: $17.9M2008 · Other federal assistance: $13.9M2008 · Federal contracts: $1.4M20082009 · Federal grants: $18.7M2009 · Other federal assistance: $19.2M2009 · Federal contracts: $122.9K2010 · Federal grants: $29.2M2010 · Other federal assistance: $22.0M2010 · Federal contracts: $1.2M20102011 · Federal grants: $34.5M2011 · Other federal assistance: $19.9M2011 · Federal contracts: $381.4K2012 · Federal grants: $56.9M2012 · Other federal assistance: $18.8M2012 · Federal contracts: $1.1M20122013 · Federal grants: $61.2M2013 · Other federal assistance: $16.7M2013 · Federal contracts: $175.3K2014 · Federal grants: $68.3M2014 · Other federal assistance: $18.1M2014 · Federal contracts: $498.9K20142015 · Federal grants: $76.8M2015 · Other federal assistance: $19.0M2015 · Federal contracts: $435.5K2016 · Federal grants: $100.6M2016 · Other federal assistance: $18.6M2016 · Federal contracts: $320.5K20162017 · Federal grants: $45.6M2017 · Other federal assistance: $143.7K2017 · Federal contracts: $129.8K2018 · Federal grants: $23.3M2018 · Other federal assistance: $57.6K2018 · Federal contracts: $84.1K20182019 · Federal grants: $25.9M2019 · Other federal assistance: $19.1K2019 · Federal contracts: $877.7K2020 · Federal grants: $31.9M2020 · Other federal assistance: $68.2K2020 · Federal contracts: $550.6K20202021 · Federal grants: $73.0M2021 · Other federal assistance: $86.2K2021 · Federal contracts: $167.3K2022 · Federal grants: $26.0M2022 · Other federal assistance: $11.7M2022 · Federal contracts: $4.9M20222023 · Federal grants: $30.2M2023 · Other federal assistance: $25.8M2023 · Federal contracts: $48.8K2024 · Federal grants: $42.8M2024 · Other federal assistance: $30.1M2024 · Federal contracts: $115.8K20242025 · Federal grants: $26.2M2025 · Other federal assistance: $32.2M2025 · Federal contracts: $4.0M2026 · Federal grants: $52.4M2026 · Other federal assistance: $30.5M2026 · Federal contracts: $105.4K2026
Figures by year
YearFederal grantsOther federal assistanceFederal contractsTotal
2026$52.4M$30.5M$105.4K$83.1M
2025$26.2M$32.2M$4.0M$62.4M
2024$42.8M$30.1M$115.8K$72.9M
2023$30.2M$25.8M$48.8K$56.1M
2022$26.0M$11.7M$4.9M$42.6M
2021$73.0M$86.2K$167.3K$73.3M
2020$31.9M$68.2K$550.6K$32.6M
2019$25.9M$19.1K$877.7K$26.8M
2018$23.3M$57.6K$84.1K$23.5M
2017$45.6M$143.7K$129.8K$45.9M
2016$100.6M$18.6M$320.5K$119.6M
2015$76.8M$19.0M$435.5K$96.3M
2014$68.3M$18.1M$498.9K$86.9M
2013$61.2M$16.7M$175.3K$78.1M
2012$56.9M$18.8M$1.1M$76.8M
2011$34.5M$19.9M$381.4K$54.8M
2010$29.2M$22.0M$1.2M$52.5M
2009$18.7M$19.2M$122.9K$38.0M
2008$17.9M$13.9M$1.4M$33.2M

Federal awards

Obligated amounts from USAspending.gov6, by calendar year, 2008–2026, for 2 registered units, including subsidiaries under the same parent. Obligations are what agencies committed, not always what was paid out. Contracts pay for goods and services; grants, loans and direct payments are assistance. Loans are charted at the face value of the loans listed here. An award’s amount below is its lifetime total, and some began before the years charted.

Largest grants

  1. Oct 1, 2011$65.3M from Department of Education: National Technical Institute For The Deaf (Ntid)7 To ROCHESTER INSTITUTE OF TECHNOLOGY Award H908A120001
  2. Oct 1, 2008$62.3M from Department of Education: National Technical Institute For The Deaf (Ntid)8 To ROCHESTER INSTITUTE OF TECHNOLOGY Award H908A090001
  3. Oct 1, 2009$61.9M from Department of Education: National Technical Institute For The Deaf (Ntid)9 To ROCHESTER INSTITUTE OF TECHNOLOGY Award H908A100001
  4. Oct 1, 2007$56.8M from Department of Education: National Technical Institute For The Deaf (Ntid)10 To ROCHESTER INSTITUTE OF TECHNOLOGY Award H908A080001
  5. Oct 1, 2016$56.5M from Department of Education: National Technical Institute For The Deaf (Ntid); National Technical Institute For The Deaf11 To ROCHESTER INSTITUTE OF TECHNOLOGY Award H908A170001
  6. Oct 1, 2015$56.5M from Department of Education: National Technical Institute For The Deaf12 To ROCHESTER INSTITUTE OF TECHNOLOGY Award H908A160001
  7. Oct 1, 2014$53.6M from Department of Education: National Technical Institute For The Deaf (Ntid); National Technical Institute For The Deaf13 To ROCHESTER INSTITUTE OF TECHNOLOGY Award H908A150001
  8. Oct 1, 2013$48.0M from Department of Education: National Technical Institute For The Deaf (Ntid)14 To ROCHESTER INSTITUTE OF TECHNOLOGY Award H908A140001

Largest direct payments

  1. $29.0M from Department of Education: Federal Pell Grant Program15 To ROCHESTER INSTITUTE OF TECHNOLOGY Award P063P240301
  2. $26.8M from Department of Education: Federal Pell Grant Program16 To ROCHESTER INSTITUTE OF TECHNOLOGY Award P063P250301
  3. $22.8M from Department of Education: Federal Pell Grant Program17 To ROCHESTER INSTITUTE OF TECHNOLOGY Award P063P230301

Largest contracts

  1. Sep 30, 2025$4.5M from Food and Drug Administration: Do laboratory prescribed and ad libitum use sessions represent real-world ends use18 To ROCHESTER INSTITUTE OF TECHNOLOGY Award 75F40125C00098
  2. Sep 29, 2022$4.3M from Office of Procurement Operations: New standalone direct contract with rit to develop national vulnerability intelligence platform (nvip)19 To ROCHESTER INSTITUTE OF TECHNOLOGY Award 70RCSA22C00000008
  3. Apr 14, 2010$1.2M from Defense Advanced Research Projects Agency: This effort will provide a sensor system platform for logging pressure and acceleration profiles resulting from explosive blast exposure, wh20 To ROCHESTER INSTITUTE OF TECHNOLOGY Award HR001110C0095
  4. Sep 24, 2008$1.0M from Department of the Army: N/a21 To ROCHESTER INSTITUTE OF TECHNOLOGY Award W56HZV08C0671
  5. Oct 5, 2012$905.6K from U.S. Geological Survey: Landsat science team contracts22 To ROCHESTER INSTITUTE OF TECHNOLOGY Award ING12PC00065