Foreign Gift and Contract Report
Section 117 of the Higher Education Act of 1965 (HEA), as amended, requires certain institutions that participate in the Title IV student assistance programs to submit to the Secretary disclosure reports containing information about gifts received from any foreign source, contracts with a foreign entity, and any ownership interests in or control over the institution by a foreign entity.
Specifically, all Title IV domestic institutions that offer a bachelor's degree or higher, or that offer a transfer program of not less than two years that is acceptable for credit toward a bachelor's degree, are required to report foreign gifts if the total of all gifts have a value of $250,000 or more for a calendar year or if the institution is owned or controlled by a foreign source. Additional information about this requirement is available in this Dear Colleague Letter.
The enclosed report provides a complete listing of all foreign gifts and/or contracts reported by Title IV institutions for the previous six years. This data is self-reported by institutions. Negative amounts indicate an adjustment to a previously received amount. There may be additional instances of foreign gift reporting that are tied to pending applications currently undergoing review. Data from pending applications are not included in this report until the application review has been completed.