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# Clay Mathematics Institute

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The **Clay Mathematics Institute** (CMI) is a private, non-profit foundation, based in Cambridge, Massachusetts. The Institute is dedicated to increasing and disseminating mathematical knowledge. It gives out various awards and sponsorships to promising mathematicians. Boston businessman Landon T. Clay and his wife, Lavinia D. Clay started it in 1998. Harvard University mathematician Arthur Jaffe was the first president of CMI.

While the institute is best known for its Millennium Prize Problems, it carries out a wide range of activities, including a postdoctoral program (ten Clay Research Fellows are supported each year) and an annual summer school, the proceedings of which are published jointly with the American Mathematical Society.