GRC Insight: Governance, Risk, and Compliance in Context

The Education Department is probing Harvard and Yale universities as part of a nationwide investigation that has identified at least $6.5 billion in undisclosed funding from foreign countries. The department claims Yale failed to report hundreds of millions of dollars during a four-year period in which it filed no reports. The compliance threshold is $250,000. The funders of concern include hostile countries China, Qatar, Russia, Saudi Arabia, and Iran and their representative companies and academic and cultural institutions.