President Trump signed an executive order aimed at increasing the transparency of foreign funding received by American universities. The measure requires institutions to disclose foreign gifts exceeding $250,000 more rigorously, as a significant portion of the $60 billion in foreign funds over recent years has not been properly reported. Should universities fail to comply, they could face loss of federal aid. The order specifically targets elite institutions, like Harvard and Cornell, cited for inadequate adherence to existing laws on foreign contributions.
"There are currently laws on the books requiring certain disclosures of universities when they accept large foreign gifts... We believe that certain universities, including, for example, Harvard, have routinely violated this law..."
"For far too long, foreign funds have flowed to US colleges and universities with inadequate transparency or oversight," states a White House document describing the order.
Collection
[
|
...
]