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MIT OpenCourseWare (MIT OCW) is an initiative of the Massachusetts Institute of Technology (MIT) to put all of the educational materials from its undergraduate- and graduate-level courses online, free and openly available to anyone, anywhere, by the end of the year 2007. MIT OpenCourseWare can be considered as a large-scale, web-based publication of MIT course materials. The project was announced in October 2002. This project is jointly funded by the William and Flora Hewlett Foundation, the Andrew W. Mellon Foundation, and MIT. The initiative has encouraged a number of other institutions to make their course materials available as open educational resources^{[citation needed]}.