President Donald Trump recently put the wealthiest U.S. colleges and universities on notice: If your endowment exceeds $1 billion, prepare for an investigation.
The president said he plans to shut down what he called “illegal and immoral discrimination” conducted under the umbrella of diversity, equity, and inclusion (DEI) programs that involve racial or gender preferential treatment in student admission, financial aid, employment, and curricula at elite institutions.
Under a Jan. 21 executive order that cites long-standing civil rights laws, identity-based functions such as so-called antiracism training or minority hiring initiatives are prohibited. Those who don’t scrap DEI face costly repercussions.
More than 120 U.S. colleges and universities have $1 billion-plus endowments, including all Ivy League institutions and the most selective flagship state universities, according to the National Center for Education Statistics.
Trump advised that up to nine schools in that category will be audited in the coming months, though any American higher education institution found in violation could lose federal money for research, student financial aid, and other programs under the executive order. […]
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