The Education Dept. has opened investigations into Yale and Harvard universities in an ongoing review that has found US universities failed to disclose billions in funding from foreign countries like Saudi Arabia and China, materials reviewed by WSJ show
In a letter to Harvard dated February 11, the Education Department requests that the university disclose their records of contracts or gifts from the governments of Iran, Russia, Saudi Arabia, China and Qatar, according to the Journal. The department also said Yale failed to disclose at least $375 million in foreign funding and requested records for contributions from China, Saudi Arabia, Qatar and others.
The Education Department, according to the Journal, described schools as"multi-billion dollar, multi-national enterprises using opaque foundations, foreign campuses, and other sophisticated legal structures to generate revenue."Read MoreAccording to the Journal, the department's investigation has found that US universities failed to report $6.5 billion in foreign funding.
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