Foreign Gifts and Contracts Reporting: Increased Compliance Risk for Higher Education

The Department of Education has increased its scrutiny of universities receiving foreign gifts and contracts under Section 117 of the Higher Education Act. Universities are required to report contracts with and gifts from a foreign source that are valued at $250,000 or more in a calendar year. DoE has published an information collection request detailing a new reporting system and is expected to pursue related rulemaking. Reporting is next due on July 31, 2020.

Join Crowell & Moring attorneys for a discussion of best practices for compliance and reporting as well as lessons learned from recent DoE investigations and guidance.