Section 117 Foreign Gift & Contract Reporting

Section 117 of the Higher Education Act of 1965 (HEA) requires institutions of higher education that offer a bachelor’s degree or higher, or that offer a transfer program of not less than two years that is acceptable for credit towards a bachelor’s degree, and receive federal financial assistance to disclose semiannually to the U.S. Department of Education any gifts received from and contracts with a foreign source that, alone or combined, are valued at $250,000 or more in a calendar year. The statute also requires institutions to report information when owned or controlled by a foreign source.

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At a Glance — Type Breakdown (All years)