US Politics

Fed Investigates Ivy League Schools Over Billions Received From Hostile Foreign Governments

The U.S. Department of Education has opened an investigation into Harvard and Yale Universities for allegedly failing to disclose hundreds of millions of dollars in gifts and contracts from foreign governments.

In a Feb. 12 statement, the Education Department said that Yale may have failed to disclose in its records $375 million in foreign funding over the past four years. According to student newspaper Yale Daily News, the Department has sent a letter to Yales resident Peter Salovey on Feb. 11, demanding that the school submit records on contributions from foreign governments between 2014 and 2017.

The Department also sent a letter to Harvard president Lawrence S. Bacow, requesting information about contributions from the governments of China, Iran, Russia, Qatar, and Saudi Arabia, reported student newspaper The Harvard Crimson. Both letters specifically asked for any records related to Chinas telecommunication giants Huawei and ZTE, Russias Kaspersky Lab and Skolkovo Foundation, and Irans Alavi Foundation. Those companies and organizations have raised national security concerns because of their activities to advance their interests in the United States at the behest of foreign governments.

“This is about transparency,” said U.S. Secretary of Education Betsy DeVos. “If colleges and universities are accepting foreign money and gifts, their students, donors, and taxpayers deserve to know how much and from whom. Moreover, its what the law requires. Unfortunately, the more we dig, the more we find that too many are underreporting or not reporting at all. We will continue to hold colleges and universities accountable and work with them to ensure their reporting is full, accurate, and transparent, as required by the law.”

Under the Higher Education Act of 1965, universities must report gifts and contracts from foreign sources valued at more than $250,000 per year.

According to the Departments statement, the letters to Harvard and Yale are part of an ongoing investigation, which has so far revealed that aRead More – Source

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The Epoch Times

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