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Global Operations

In support of Stanford’s foreign activities, the Controller’s Office is leading a new Business Affairs initiative to develop enabling business infrastructure.

This will include tools, policies, procedures, and services for the Stanford community engaged in University activities outside of the United States.

In addition to improved regulatory compliance, the initiative seeks to enable more time dedicated to value-added program activities by providing better information resources and services that make working abroad easier.

News

Regulatory Environment Update

The regulatory environment in the U.S. and abroad is becoming more focused on foreign activities, seeking greater transparency into their scope and substance. A range of federal agencies are charged with enhancing transparency and greater enforcement of existing legislation. One example of this is the first-in-30-years overhaul of the annual IRS information return for non-profit entities (IRS 990) which now requires broad reporting of the University’s foreign activities. Enforcement too is being stepped up, with large penalties for failure to file on a range of federally-mandated information filings. The pace of new legislative activity around international transactions continues to be significant. Other countries are similarly focusing more attention on international activities within their own borders.

@ Stanford

Stanford University is engaged in a wide range of academic programs and activities abroad. We are partnering across the University to provide support services to the globally-operating Stanford University community by collaboratively developing, recommending, and implementing business infrastructure guidelines that will facilitate meeting enhanced global regulatory compliance standards; and in the development of efficient and cost-effective support services.