Page Title

Global Services

Providing compliance and operations support


In support of Stanford's foreign activities, Global Services is leading a new Business Affairs/Finance 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.

In the U.S. 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 both within their own borders, and in co-operation with the U.S. Immigration/visa enforcement and tax matters, including individual income tax generated by so-called "accidental expatriates"-frequent business travelers- are consistently raised as areas of enforcement focus.

@ Stanford

Stanford University is engaged in a wide range of academic programs and activities abroad, and the level of engagement shows a significant upward trend.

Global Services is partnering across the University to provide support services to the globally-operating Stanford University community. This collaborative building of business infrastructure is intended to deliver efficient and cost-effective support, and help meet enhanced global regulatory compliance standards.

July 2010
Stanford filed its 2009 IRS 990, the first revised version of the new return. It includes the brand new Schedule F – Statement of Activities Outside the United States. The 990 is publically available, and can be accessed at the Stanford University Office of the Treasurer web site.

November 2010
As part of the Oracle R12 upgrade, modifications were made to allow flagging of data relating to foreign expenses. This impacted the iProcurement, iOU, PCard and Travel Card modules.

Global Services is actively involved in program / project development across the University: including establishment of a new Bing Overseas Studies Center in South Africa, development of the new Global Health initiative in the School of Medicine, a FSI-sponsored center in China, and a range of research projects across the globe.

HOW CAN WE HELP YOU?