Disclosure of foreign gifts to educational entities.

Requires a school corporation, charter school, state accredited nonpublic school, or postsecondary educational institution (school entity or institution) to file a disclosure report with the auditor of state and the attorney general whenever any school entity or institution is owned or controlled by a foreign source or receives a gift from or enters into a contract with a foreign source, the value of which is $50,000 or more. Provides that whenever it appears that a school entity or institution has failed to comply with gift disclosure requirements, a civil action may be brought by the attorney general or at the request of: (1) a member of the general assembly; (2) the governor; (3) a member of the commission for higher education; (4) a member of the state board of education; or (5) an Indiana taxpayer; to compel compliance with the gift disclosure requirements.