Washington (ASUW) and the graduate student government is the Graduate and Professional Student Senate (GPSS). Finances In 2017 the university reported $4.893 billion in revenues and $5.666 billion in expenses, resulting in an operating loss of $774 million. This loss was offset by $342 million in state appropriations, $443 million in investment income, $166 million in gifts, and $185 million of other non-operating revenues. Thus, the university's net position increased by $363 million in 2017. Donors The university is funded in part by donations from philanthropists, foundations, and corporations, as well as individual donors. Bill Gates Sr. and his son Bill Gates, as well as Melinda French Gates and the Bill & Melinda Gates Foundation, are described as having an "unmatched" impact across the entire university. As of 2020, the university's Honor Roll of Donors recognized top contributors as including Bill Gates, Melinda Gates, the Bill & Melinda Gates Foundation, Microsoft, the Robert Wood Johnson Foundation, and the late Paul G. Allen. Additional notable donors include Amazon, AstraZeneca, Bayer, BlackRock, Boeing, Burroughs Wellcome Fund, Carnegie Corporation of New York, Chan Zuckerberg Initiative, China Medical Board, Eli Lilly and Company, Gilead Sciences, GlaxoSmithKline, Merck, Monsanto, Novartis, Open Philanthropy, Open Society Foundations, Pfizer, Rockefeller Foundation, and Wellcome Trust. Endowment Endowed gifts are commingled in the university's Consolidated Endowment Fund, managed by an internal investment company at an annual cost of approximately $6.2 million. The university reported $443.383 million of investment income in fiscal year 2017. the value of the CEF was $3.361 billion, with $686 million in Emerging Markets Equity, $1.235 billion in Developed Markets Equity, $383 million in Private Equity, $185 million in Real Assets, $54 million in Opportunistic, $535 million in Absolute Return, and $283 million in Fixed Income. Major projects Major recent spending includes $131 million on the UW Animal Research and Care Facility, $72 million on the Nano-engineering and Sciences Building, $61 million building on the Workday HR & Payroll System, $50 million on the Denny Hall Renovation, $44 million on the West Campus Utility Plant, $26 million on the UW Medical Center Expansion Phase 2, $25 million on the UW Tacoma Urban Solutions Center, and $21 million on the UW Police Department. The initial contract for Workday was for $27 million, so the total $61 million cost represents a $34 million cost overrun. , the university has nearly $1 billion in new construction underway. Sustainability Environmental sustainability