The mission of MIT is to advance knowledge and educate students in science, technology, and other areas of scholarship that will best serve the nation and the world in the 21st century. The Institute admitted its first students in 1865, four years after the approval of its founding charter.
Today MIT is a world-class educational institution. Teaching and research-with relevance to the practical world as a guiding principle-continue to be its primary purpose. MIT is independent, coeducational, and privately endowed. Its five schools and one college encompass numerous academic departments, divisions, and degree-granting programs, as well as interdisciplinary centers, laboratories, and programs whose work cuts across traditional departmental boundaries.
With origins that go back to the 18th century, the Faculty of Engineering of the University of Porto adopted this designation in 1926, having occupied the former facilities at Rua dos Bragas after 1937. Nowadays, FEUP has new facilities at the Pole II of the University of Porto.