Harvard, Yale Under U.S. Investigation Over Foreign Funding
- Schools, led by Harvard, got almost $1 billion from China
- U.S. is concerned schools failing to disclose gifts, contracts
Harkness Tower stands on the Yale University campus in New Haven, Connecticut.
Photographer: Craig Warga/Bloomberg
This article is for subscribers only.
Harvard and Yale universities are under investigation by the U.S. Education Department for potentially failing to report gifts and contributions they received from countries including China and Saudi Arabia.
Yale may not have disclosed at least $375 million over the last four years and Harvard may lack appropriate controls to track money it receives, the department said in a statement Wednesday.