American colleges and universities received more than $5.2 billion in reportable foreign gifts and contracts last year through more than 8,300 transactions, the Department of Education said in a Feb. 11 statement.
The database was compiled from foreign funding disclosures submitted by educational institutions. Such disclosures are mandated by Section 117 of the Higher Education Act, which obligates universities and colleges receiving federal funding to annually disclose gifts and contracts from foreign sources valued at $250,000 or more.
