Newsroom
Institutions reminded to report foreign ownership and contracts
December 13, 2023
If you are marking important dates for 2024, you may want to note the deadline to file a disclosure report with the Secretary of Education.
In a December 12 Electronic Announcement, the Department of Education reminds institutions of a January 31, 2024, deadline for institutions of higher education to file a disclosure report about foreign ownership and foreign contracts.
According to the Department, institutions of higher education (IHEs) must file a disclosure report with the Secretary of Education “whenever the institution is owned or controlled by a foreign source or receives a gift from or enters into a contract with a foreign source, the value of which is $250,000 or more, considered alone or in combination with all other gifts from or contracts with that foreign source within a calendar year.”
The Department said failure to comply with the reporting requirement could result in an enforcement action.
Institutions can submit their reports online. The Department provides a Frequently Asked Questions to answer common questions about the requirement.
For any technical questions or access issues related to the Section 117 reporting portal, send an email to ForeignGiftsAccess@ed.gov. For all other questions related to Section 117, contact the Department via email at ForeignSourceReporting@ed.gov.