‘Ghost dollars:’ Universities secretly take billions in foreign money, report says

November 2, 2024

By Just the News

American colleges and universities are accepting billions of dollars in foreign money without reporting it, according to a new report.

The National Association of Scholars released the report, which says that taking money from foreign governments and organizations without reporting it has become commonplace among American universities.

“Higher education is awash with conflicting interests,” said NAS Fellow and report author Neetu Arnold, who added that universities “search for partnerships and grants abroad, sometimes from adversarial governments.”

From NAS:
By using public records requests, we compiled the amounts of reported and unreported foreign gifts to universities. We found that from 2010 to 2016, universities failed to disclose some 54 percent of all reportable gifts. During the Trump administration, particularly after the ED’s investigation found $6.5 billion in unreported foreign funds, disclosures by universities far exceeded the total amount we could find by records requests by $1.7 billion. Under the Biden administration, universities returned to the status quo – underreporting gifts by at least 39 percent.Arnold said universities also seek out and compete for foreign grants.

Continue reading here at Just the News.

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