NEWS
EXCLUSIVE: Taxpayers Will Finally See Which Foreign Entities Fund US Universities
FIRST ON THE DAILY SIGNAL—The Department of Education will soon require universities to publicly disclose the counterparties of foreign funding, a senior Education Department official told The Daily Signal.
Section 117 of the Higher Education Act requires higher education institutions to report gifts and contracts valued at $250,000 or more to the Department of Education, to make them available for public inspection.
Universities currently report counterparties, their gifters or contractors, to the agency. However, the identities of foreign counterparties are not made public, which the senior department official said violates the law. The totals received from counterparties of concern are listed in the Section 117 Foreign Gift & Contract Reporting portal, but the gifters’ identities are not named.
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