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BLOG: Department of Education Provides Further Information on Reporting of Foreign Gifts to U.S. Universities

June 4, 2020,

Following its collection of public comment on the reporting requirements for foreign gifts and contracts with American universities, the Department of Education (DOE) has released additional information on the requirements.

Section 117 of the Higher Education Act requires that institutions report to the federal government any gift or contract with a foreign source valued at $250,000 or more “considered alone or in combination with all other gifts from or contracts with that foreign source within a calendar year.” In February, DOE requested a budgetary review of its new reporting system for foreign gifts from the Office of Management and Budget (OMB) and called for public comment.

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