Education Department Looking Into Foreign Donations To Harvard, Yale

Harvard and Yale failed to report significant foreign gifts and contracts, prompting investigations by the Education Department. Yale may have missed disclosing $375 million, while Harvard's reporting was also questioned. Education Secretary Betsy de Vos emphasized transparency, as foreign donations from countries like China and Saudi Arabia are common. Federal law mandates reporting of foreign gifts over $250,000. Recent enforcement led to $6.5 billion in previously undisclosed funds being reported, with 10 schools declaring $3.6 billion. Both universities are preparing responses to the investigations.

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