American universities raked in nearly a billion dollars in the past four years from mystery donors in offshore tax havens, according to records reviewed by the Washington Free Beacon. While the universities listed the unnamed donations as coming from places like Bermuda and the Cayman Islands, the Free Beacon traced millions of dollars back to donors linked to China.
The news comes as the Trump administration prepares to crack down on foreign influence on college campuses, following years of Biden administration policies that have shielded the names of foreign university donors from the public.
Since 2021, U.S. universities reported receiving over $600 million from donors in Bermuda, $280 million from Guernsey, $25 million from the British Virgin Islands, $25 million from the Bahamas, $17.5 million from Cayman Islands, and $11 million from the island of Jersey, Department of Education records show. While universities are required to disclose those foreign donors to the federal government under Section 117 of the Higher Education Act, the Biden administration broke precedent with prior administrations by withholding the names of foreign donors to the public.
As a result, for the past four years, the Department of Education only released the names of the countries where each donation came from. Tax haven countries represented some of the largest sources of funding during that time, raising questions about transparency and where the actual money is coming from.
In some cases, records reviewed by the Free Beacon show, it’s coming from China. […]
— Read More: freebeacon.com
At Last, a Company With Integrity in the Gold IRA Industry
For several years, I’ve been vetting out precious metals companies in search of the best. I believe in gold and silver but it’s hard to find integrity in the Gold IRA industry. The vast majority operate with shady tactics and gigantic spreads that take advantage of Americans who simply want to protect their life’s savings.
I’ve found a handful that I like and I’ve worked with some of them. By no means would I “unrecommend” them because, again, I vetted them out and found them to be above the fold. Unfortunately, it isn’t hard to be better than the rest when the rest are so darn awful.
After years of searching, I finally found a company that truly operates with integrity. Augusta Precious Metals has three important attributes that set them far above the competition:
- Non-Commissioned Sales Team: I cannot stress how important and unique this is. With just about every other company in the Gold IRA industry, the sales teams make commission from every account they open. This means they steer their clients toward the gold and silver products with the highest commission. With Augusta Precious Metals, the team is solely focused on putting the best gold and silver for their clients into their IRA. They get paid to serve the best interests of the Gold IRA client, NOT their own commission pay.
- Incredibly Low Fees: Most Americans would be shocked if they knew the spread other Gold IRA companies charge. Augusta charges just 5% versus up to 45% elsewhere.
- No Pressure, No Gimmicks: There’s an understanding among most in the Gold IRA industry that fear and pressure is the way to go. Augusta Precious Metals takes a sober approach when working with clients because they hold integrity in the highest possible regard. This is why they don’t offer gimmicks like “free” or “bonus” silver. It’s also why they do not apply pressure tactics to get quick sales. Their educational and transparent approach to doing business is exceedingly rare in the Gold IRA industry.
