Section 6303 - Disclosure requirements(a) In general.--(1) Every college and university shall disclose the amount, terms, restrictions, requirements and conditions attached to or made a part of any gift of a value equal to or in excess of $100,000 made to the college or university by a donor known to the college or university through reasonable good faith efforts to be a foreign government, foreign legal entity or foreign person in any fiscal year of the college or university. This provision shall only apply in circumstances where the contribution of the foreign government, foreign legal entity or foreign person, alone or together with others, exceeds 50% of the total gift.(2) If the foreign government, foreign legal entity or foreign person makes more than one gift to a college or university in any fiscal year of the college or university and the total value of the gifts equals or exceeds $100,000, the college or university shall make the same disclosure with respect to all such gifts received.(b) Report.--The foregoing information shall be forwarded by a college or university to the secretary not later than the due date for the Federal return of organizations exempt from income tax. Such information shall include: (1) The name and address of the donor of the gift.(2) The amount and date of the making of each gift.(3) The subject of each gift.(4) A detailed description of any terms, restrictions, requirements or conditions imposed on the college by the terms of the gift.(5) A detailed description of the purpose for which the gift will be used by the college or university, including the identification of the persons whom the gift is explicitly intended to benefit.(c) Forms.--Colleges and universities shall forward the foregoing information to the secretary on forms prepared and made available by the secretary for that purpose.1985, Dec. 19, P.L. 351, No. 99, § 3, effective in 60 days.