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WA HB2565
Bill
Status
1/19/2026
Primary Sponsor
Drew Stokesbary
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AI Summary
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Transfers investment management of University of Washington gifts, grants, bequests, and devises from the UW Investment Management Company to the Washington State Investment Board
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Washington State Investment Board manages over $190 billion in assets with 2024 expenses of 0.51% and annualized returns of 8.9% since 1992
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UW Investment Management Company charged 0.90% in administrative fees in 2024 with annualized returns of 6.8% since 2005
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Amends RCW 28B.20.130 to require UW Board of Regents to place investments with the state investment board rather than investing independently
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Adds new section to chapter 43.33A RCW authorizing the State Investment Board to invest UW funds placed with it by the Board of Regents
Legislative Description
Concerning the investment of gifts, grants, conveyances, bequests, and devises of the University of Washington.
Last Action
Public hearing in the House Committee on Appropriations at 4:00 PM.
1/28/2026