Cornell University to pay $60M in deal with Trump administration to restore federal funding | Fortune
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Cornell University to pay $60M in deal with Trump administration to restore federal funding | Fortune
"Cornell President Michael Kotlikoff announced the agreement on Friday, saying it upholds the university's academic freedom while restoring more than $250 million in research funding that the government withheld amid investigations into alleged civil rights violations. He said the government's funding freeze had stalled research, upended careers and threatened the future of academic programs. The university agreed to pay $30 million directly to the U.S. government along with another $30 million toward research that will support U.S. farmers."
"Kotlikoff said the agreement revives the campus' partnership with the federal government "while affirming the university's commitment to the principles of academic freedom, independence, and institutional autonomy that, from our founding, have been integral to our excellence." The six-page agreement is similar to one signed by the University of Virginia last month. It's shorter and less prescriptive than others signed by Columbia University and Brown University."
"The agreement is the latest struck between President Donald Trump's administration and elite colleges he has accused of tolerating antisemitism and promoting far-left ideas. Trump is still locked in a standoff with Harvard, the nation's oldest and wealthiest university, and lately has tried an incentive-based approach by offering preferential access to federal funding for other schools that sign onto his political agenda."
Cornell agreed to pay $60 million and accept the Trump administration's interpretation of civil rights laws to restore federal funding. The university will pay $30 million to the U.S. government and $30 million toward research supporting U.S. farmers. The deal restores more than $250 million in research funding that had been withheld amid probes of alleged civil rights violations. The six-page agreement requires compliance with the government's interpretation on antisemitism, racial discrimination and transgender issues and references a Justice Department memo as a training resource. The pact resembles one signed by the University of Virginia and is less prescriptive than agreements with Columbia and Brown.
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