The U.S. Department of Education announced sweeping interagency agreements that move administration of dozens of K‑12 and higher‑education grant programs to the Departments of Labor, HHS, Interior and State. The AGB policy alert and related reporting show ED will retain statutory authority while offloading operations, staffing and fiscal management to other agencies. Institutions—especially Minority‑Serving Institutions and those dependent on programmatic grant flows such as TRIO, GEAR UP, Title III MSI funds, TPSID and Title VI—face immediate operational uncertainty, shifting points of contact, and potential delays in grant awards. Boards and chief executives should expect changes to compliance frameworks as receiving agencies prioritize workforce outcomes (DOL), public‑health delivery (HHS), tribal priorities (Interior) and national‑security considerations (State). AGB flags likely impacts: grant timing disruptions, staffing reassignments, evolving metrics, and new audit and reporting expectations. Institutions will need contingency plans for cash‑flow management and stakeholder communications while monitoring guidance from each receiving agency.