In a fact-finding report released by Massachusetts Institute of Technology (MIT) in January 2020, conducted by the law firm Goodwin Procter LLP, it was found that Epstein donated a total of about $850,000 to MIT between 2002 and 2017, with approximately $225,000 going directly to Lloyd. The report concluded that Lloyd “purposefully failed to inform MIT” that Epstein—a convicted sex offender—was the source of certain donations in 2012 and that Lloyd allowed the gifts to be processed through administrators without formal discussion or full vetting. The report also stated that Lloyd accepted a personal gift of around $60,000 from Epstein in 2005 or 2006, deposited to his personal bank account and not reported to MIT.

Lloyd publicly rejected key aspects of the report. He stated that the accusations were “completely false” and maintained that MIT administrators “knew that the donor was Epstein and fully approved the donation with this knowledge.” He also said he did not concede any breach of professional duty despite the report’s language implying he did. Lloyd pointed to email evidence showing MIT staff’s direct acknowledgment of Epstein’s donation.


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