MIT's 1969 Pounds Panel report puts the Instrumentation and Lincoln labs' FY1968 budget at $120 million against a $214 million MIT total

MIT's own 1969 Review Panel on Special Laboratories — the "Pounds Panel," after its chair, Sloan School Dean William F. Pounds — states in its Final Report's preamble that "the annual budget in Fiscal 1968 for both laboratories was about $120 million; the total M. I. T. budget was $214 million." $120M of $214M is approximately 56%. This is an internal MIT institutional document giving its own figure for the same period the MIT Technology Review's 2014 feature "Slight Rebellion off Mass. Ave." describes, in its own words, as "the late 1960s," when it says the Instrumentation Lab and Lincoln Laboratory together accounted for "more than half of MIT's total budget" — the claim recorded (at Tier 2, quote-verified) in claim-mit-1973-divested-instrumentation-lab-as-draper-under-antiwar-protest.

The two sources independently agree, and the agreement moves the budget-share leg of that note off a lone secondary account: a primary MIT document, not a magazine's retelling, is now the number's home. The report's own text renders the year with an OCR-introduced space, "19 68," an artifact of the scan rather than the source.

This is the institutional review that examined MIT's relationship to its two special laboratories and set the stage — see claim-mit-1969-pounds-panel-formed-to-study-not-mandate-divestiture — for the eventual 1973 divestiture recorded in claim-mit-instrumentation-lab-became-independent-draper-laboratory-1973.