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"Since Biden Inauguration, Anonymous Chinese Donors Poured Millions Into His Think Tank"
"Since President Joe Biden took office in 2021 anonymous Chinese donors have poured millions of dollars to the university that houses President Joe Biden’s think tank, where at least 10 classified documents were identified.
Since Biden’s inauguration, the University of Pennsylvania has received $51 million in foreign funding, including $14 million from unnamed contributors in China and Hong Kong and $2.4 million from unnamed contributors in Saudi Arabia, according to Department of Education records reviewed by the Washington Free Beacon. The school also received $1 million from a source in the Cayman Islands in June to fund its Penn Wharton China program.
This funding is in addition to the $61 million that the University of Pennsylvania received from Chinese donors between 2017 and 2020, which was reported by the Free Beacon in 2021.
The names of the newer foreign donors are being kept under wraps by the Biden administration’s Department of Education—a departure from prior administrations that would publish this information in an online database. American universities that receive federal grants are required by law to disclose their overseas funders to the government...
In 2020, the Free Beacon reported that the University of Pennsylvania received $3 million from a mysterious Hong Kong shell company called the Nice Famous Corporation Limited, which is owned by a Shanghai businessman with deep ties to Chinese government officials."
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