Israel Ruiz is the Vice-President for Finance of the Massachusetts Institute of Technology (MIT) and a member of its Academic Council. In this capacity, Mr. Ruiz has worked to optimise the institution's financing model with a yearly budget of $2,460 million ($1,375 million of which are assigned to research) and net assets of $10,000 million. In 2005, he received the institution's top administrative acknowledgement, the MIT Excellence Award.