agreement, has no endowment or an endowment the value of which is less than $50,000,000. 177. Annual report and evaluation (a) Annual report required from recipients Each eligible institution that receives a grant, contract, or cooperative agreement under this part shall provide an annual report to the Secretary on its use of the grant, contract, or cooperative agreement. (b) Independent assessments (1) Contract to conduct assessments Not later than 6 months after the date of the enactment of this part, the Secretary shall enter into a contract with the National Academy of Public Administration to conduct periodic assessments of the program established under this part. The assessments shall be conducted once every 3 years during the 10-year period following the date of the enactment of this part. (2) Evaluations and recommendations The assessments described in paragraph (1) shall include— (A) an evaluation of the effectiveness of the program established under this part in improving the education and training of students, faculty, and staff at eligible institutions that have been awarded grants, cooperative agreements, or contracts under this part