The $60,000 gift in "2005 or 2006" is the only one the report says was deposited into his personal bank account. Because it was not sent to MIT, "this gift ... is not included in the $850,000 in" total donations the report indicates were accepted by MIT.

In contrast, the $125,000 is included in the $850,000, as indicated by the breakdown in the table on page 9. Thus, though not stated explicitly, the report indicates that the $125,000 was sent to MIT (to fund Seth Lloyd's research but not into his personal bank account).

(At any rate, the fact that he accepted a gift of any amount, especially into his personal bank account, is very concerning. Sounds like currently he has been put on administrative leave and we'll see what happens after they're done deciding what to do.)