# Clay Mathematics Institute

> American foundation

**Wikidata**: [Q857975](https://www.wikidata.org/wiki/Q857975)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/Clay_Mathematics_Institute)  
**Source**: https://4ort.xyz/entity/clay-mathematics-institute

## Summary
The Clay Mathematics Institute (CMI) is an American nonprofit research institute focused on mathematical research. Founded in 1998, it is known for its prestigious Millennium Problems, a set of seven unsolved mathematical challenges that offer $1 million rewards for their resolution. The institute operates as a foundation and is affiliated with mathematician Alexander Gorban.

## Key Facts
- Founded in 1998
- Located in Providence, Rhode Island, United States
- Primary purpose: mathematical research
- Affiliated with Russian mathematician Alexander Gorban
- Known for the Millennium Problems, seven unsolved mathematical challenges with $1 million rewards each
- Revenue in 2022: $2,634,084 USD
- Total assets in 2022: $34,898,673 USD
- Headquarters: 10 Memorial Blvd., Providence, RI 02903
- Website: [http://www.claymath.org/](http://www.claymath.org/)

## FAQs
### Q: What is the Clay Mathematics Institute known for?
A: The Clay Mathematics Institute is known for its Millennium Problems, a set of seven unsolved mathematical challenges, each offering a $1 million reward for their resolution.

### Q: Where is the Clay Mathematics Institute located?
A: The institute is located in Providence, Rhode Island, United States, at 10 Memorial Blvd., Providence, RI 02903.

### Q: Who founded the Clay Mathematics Institute?
A: The institute was founded in 1998, but the specific founders are not detailed in the provided source material.

### Q: What are the Millennium Problems?
A: The Millennium Problems are seven unsolved mathematical challenges proposed by the Clay Mathematics Institute, each with a $1 million reward for their solution.

### Q: How much revenue did the Clay Mathematics Institute generate in 2022?
A: The institute reported a revenue of $2,634,084 USD in 2022.

## Why It Matters
The Clay Mathematics Institute plays a crucial role in advancing mathematical research by offering substantial rewards for solving complex problems. Its Millennium Problems have inspired generations of mathematicians and have become a benchmark for unsolved challenges in the field. The institute’s work not only pushes the boundaries of mathematical knowledge but also fosters collaboration among researchers worldwide. By incentivizing breakthroughs, the CMI has significantly influenced the trajectory of mathematics, making it a key player in the global scientific community.

## Notable For
- Offering the Millennium Problems, a set of seven unsolved mathematical challenges with $1 million rewards each
- Being a nonprofit research institute specializing in mathematical research
- Operating as a foundation with a strong focus on mathematical problem-solving
- Affiliation with Russian mathematician Alexander Gorban
- Maintaining a significant financial presence with $34.9 million in total assets in 2022

## Body
### Founding and Purpose
The Clay Mathematics Institute was established in 1998 with the primary goal of advancing mathematical research. It operates as a nonprofit organization dedicated to solving complex mathematical problems.

### Millennium Problems
The institute is most famous for the Millennium Problems, a set of seven unsolved mathematical challenges proposed in 2000. Each problem carries a $1 million reward for its resolution, making them some of the most prestigious unsolved problems in mathematics.

### Financial Overview
In 2022, the institute reported a revenue of $2,634,084 USD and total assets of $34,898,673 USD. The financial data shows fluctuations over the years, reflecting the institute’s operational and funding dynamics.

### Location and Affiliation
Headquartered in Providence, Rhode Island, the institute is located at 10 Memorial Blvd., Providence, RI 02903. It is affiliated with Russian mathematician Alexander Gorban, who holds a birth date of April 19, 1952, and has worked in mathematics, physics, and university teaching.

### Identification and Classification
The institute is classified as a nonprofit organization and a research institute. It has various identifiers, including an ISNI (0000000414290387), GND ID (10038010-4), and ROR ID (02chwk660).

### Website and Digital Presence
The official website of the Clay Mathematics Institute is [http://www.claymath.org/](http://www.claymath.org/), available in English. The institute has a significant digital presence, with sitelinks in multiple languages and various identifiers across different databases.

## References

1. GRID Release 2017-01-10
2. Virtual International Authority File
3. CiNii Research
4. ROR release v1.19
5. Freebase Data Dumps. 2013
6. Nonprofit Explorer
7. [Nonprofit Explorer](https://projects.propublica.org/nonprofits/organizations/134025978)
8. GRID Release 2016-12-06
9. Quora
10. Microsoft Academic Knowledge Graph