Under State law the Board of Regents has full control of the University and its property of various kinds. Any authority delegated by the Board shall always be subject to the ultimate authority of the Board. In retaining the ultimate authority over the University with which it is charged by law to exercise within constitutional and statutory limitations, the Board shall exercise the right of periodic review of any and all aspects of government of the University, the right to intervene and modify any rule, regulation, or executive order formulated by the President or the faculty, the right to amend or rescind any existing rule, regulation, or executive order, and the right to enact such rules, regulations, and orders as it deems proper for the government of the University.

The channel of authority from the Board of Regents to the faculty, staff, and other officers and employees of the University shall be through the President of the University. All faculty, staff, and other officers and employees of the University shall, through appropriate channels, be responsible to the President of the University and through the President to the Board of Regents.

The President of the University or the President's designee is authorized to act for the Board of Regents regarding all personnel and employment matters concerning the faculty, classified staff, and professional personnel except the following: new appointments of vice presidents, deans, department chairs, and directors of academic units; new appointments to the rank of professor, associate professor, and assistant professor; new appointments to faculty positions with tenure; new appointments of full-time instructors and lecturers; new appointments of full-time acting and visiting faculty in professorial ranks, instructorships, and lectureships; appointments to endowed chairs or professorships; appointments of distinguished visitors; policy changes in retirement, insurance, and other fringe benefit provisions; and initial collective bargaining agreements with representatives of newly certified bargaining units.

The President of the University or the President's designee is authorized to act for the Board of Regents regarding all matters concerning grants and contracts for research, development, service, and training except the acceptance of initial contract awards exceeding $1,000,000: provided, that the President or the President's designee is authorized to accept initial contract awards exceeding $1,000,000 whenever the period between scheduled Board of Regents meetings exceeds 45 days, with a report of all such awards to be submitted to the next scheduled monthly meeting of the Board.

The President of the University or the President's designee is authorized to act for the Board of Regents in the management of the student body and other matters incident thereto, including athletics, except the following: the establishment of written standards of student conduct and formal hearing procedures for student discipline.

The President of the University or the President's designee is authorized to act for the Board of Regents regarding the execution and administration of instruments and the general business and financial affairs of the University which occur in the usual course of business except the following:

A. The naming of University buildings or outdoor areas in recognition of individuals or organizations;

B. The execution of instruments relating to real property, including the Metropolitan Tract, where the anticipated cost or value to the University exceeds $1,000,000;

C. The appointment of external auditors; insurance brokers; investment bankers, managers and advisers; and financial custodians;

D. The selection of depositories other than national or state chartered institutions;

E. The use of University facilities by individuals or organizations for non-University events that would significantly affect normal campus activities or the surrounding community;

F. Any instrument, prior to its execution, that the President, the Executive Vice President, or any Regent deems appropriate for Regental consideration;

G. When a capital project budget is anticipated to exceed $1,000,000, approval of that capital project budget, appointment of project architects, award of construction contracts, and single increases to the capital project budget where the increase is greater than 10% of the approved project budget. However, when the anticipated capital project budget exceeds $1,000,000 and is less than $5,000,000, the President or the President's designee may approve and execute all instruments related to the capital project and report all such actions to the Board of Regents no less often than quarterly.

H. The execution of any other instruments, including but not limited to instruments related to acquisitions of goods and services, where the anticipated cost or value to the University exceeds $1,000,000. However, when the cost or value to the University exceeds $1,000,000 and is less than $5,000,000, the President or the President's designee may approve and execute the instruments and report all such actions to the Board of Regents no less often than quarterly. When the ultimate aggregate cost to the University is not known in advance for instruments relating to the acquisition of goods or services on a continuing or intermittent basis (e.g. rental, service, or supply contracts), the amounts set forth in this paragraph shall be calculated on a per month basis.

I. Notwithstanding the dollar limits specified in B, G, and H, the President or the President's designee is authorized to act for the Board of Regents regarding the execution and administration of all instruments relating to:

1. The procurement of utility services;

2. Subcontracts for collaborative research entered into in furtherance of sponsored research programs;

3. The procurement of goods and services made by participating in contracts entered into by nonprofit cooperative hospital group purchasing organizations, or awarded by the State of Washington Department of General Administration and Department of Information Services;

4. The procurement of equipment and furnishings that are included in capital project budgets that have been authorized by the Board of Regents;

5. The procurement of goods and services for sponsored research programs when the source of the goods or services is directed by the sponsor, or the sponsor retains title to the goods acquired;

6. The settlement of claims or lawsuits brought against the University;

7. The procurement of property or casualty insurance;

8. Leases of real property and modifications thereto of up to 20 years;

9. Deferred gift assets;

10. Real property acquired through gift or devise;

11. Actions necessary to protect the University's interests in response to an emergency situation arising out of a fire or other casualty; and

12. The execution of all time-critical instruments and business affairs requiring action between scheduled Board of Regents meetings, provided that the President of the University or the President's designee secures approval of the Chair or Vice Chair of the appropriate Regents Committee and submits a report of any actions taken pursuant to this delegation to the Board of Regents at its next regularly scheduled meeting.

The President of the University or the President's designee is authorized to act for the Board of Regents regarding all legal action necessary to protect the interests of the University: provided, that no litigation shall be instituted against a public entity or official or in exercise of the power of eminent domain without consultation with the President of the Board of Regents or, in the absence of the President, the Vice President of the Board of Regents.

The Board of Regents of the University of Washington authorizes the President, or the President's designee, to accept all current and deferred gifts to the University, including gifts to establish quasi-endowed or permanently endowed funds.

A. Not included in this delegation are the following:

1. Gifts to the University of Washington Foundation, which shall continue to be accepted by the University of Washington Foundation in accordance with the terms and conditions of the Agreement for Services between the University and the Foundation dated October 18, 1988 (as may be amended from time to time);
2. Gifts that create obligations on the part of the University for expenditures or costs for which there is no established funding source;
3. Gifts with a value exceeding $5,000,000 which are:

a. for construction of facilities not previously approved, or

b. of non-traditional investment assets (such as real estate, debt instruments, closely held stock, partnership interests, permanent insurance policies, royalties, copyrights, licenses, and other illiquid assets); provided such gifts with a value between $1,000,000 and $5,000,000 will be reported to the Board of Regents quarterly;

4. A gift requiring naming of a permanent University building; and
5. Any other gift that the President, the Vice President for Development and Alumni Relations, or any Regent deems appropriate for Regental consideration.

B. Concurrence Required in Certain Gift Transactions

1. The following types of gifts shall be accepted only upon the recommendation of the Vice President for Development and Alumni Relations and the concurrence of the Treasurer of the Board of Regents, or their designees:

1. Current gifts of non-traditional investment assets, charitable lead trusts where the University is to act as trustee, bargain sale gifts of property, and partial interest gifts.
2. Deferred gifts, if the University is to act as trustee or custodian of the deferred gift.

2. Gifts of real estate, interests in real estate, or gifts of debt instruments secured by real estate shall be accepted only with the concurrence of the University's Real Estate Officer. The Real Estate Officer shall determine in each such case whether a hazardous waste inquiry or other due diligence is required, and the scope and extent of such inquiry. The Real Estate Office, in consultation with the Development Office, shall establish further policies and procedures regarding evaluation of gifts of real estate, as may be necessary or desirable from time to time. The Real Estate Officer shall, when appropriate, engage the Attorney General, or a Special Assistant Attorney General appointed thereby, in legal matters pertaining to the evaluation and administration of gift real property.
3. Gift credit for discounted purchases shall be awarded only upon the recommendation of the Dean or Director of the recipient unit and the Director of Corporation/Foundation Relations, and the concurrence of the Executive Vice President or designee.
4. Any gift with unusual terms or conditions affecting an academic program shall be accepted only with the concurrence of the Provost, or the Provost's designee, to the proposed terms or conditions.

C. Use of Legal Counsel

The President shall, when appropriate, engage the Attorney General, or a Special Assistant Attorney General appointed thereby, in legal matters pertaining to the Development Program. The Vice President for Development and Alumni Relations or the Vice President's designee shall assist the President in evaluating technical considerations regarding gift acceptance, and shall advise the Financial Management staff of potential fiduciary concerns affecting the administration of charitable trusts and life income gifts.

All written agreements substantially shall follow the format of the specimen gift agreements approved by the Office of the Attorney General. Because the University does not provide legal advice to prospective donors, all prospective donors shall be urged to seek their own legal counsel in matters relating to their gift planning, taxes, and estate planning.

D. Negotiation of Planned Gifts

The Vice President for Development and Alumni Relations and the Vice President's designees charged with securing deferred gifts are authorized to negotiate with prospective donors regarding the terms of lead trusts, partial interest gifts, bargain sale gifts, gifts of non-traditional investment assets and deferred gifts benefiting the University, following program guidelines and prototype agreements approved by the Office of the Attorney General. Where appropriate, they shall consult with the Treasurer of the Board of Regents and the Real Estate Officer in negotiating such gifts.

9. Disposition of Gifts.

The proceeds of any gift, devise, bequest, or contribution received by the University shall be administered in accordance with the intention of the donor and any directions of the Board of Regents in accepting the gift. The President of the University or the President's designee is authorized to act for the Board of Regents regarding:

A. The disposition of gifts; and

B. The expenditure of the accumulated and current income of the Walker-Ames Fund in accordance with the terms of the resolution and memorandum of agreement adopted by the Board on August 29, 1931: provided, that a plan for such expenditures has been first approved by the President and the Vice President of the Board.