This bill creates a state-philanthropic "P20W" public-private partnership and related new funding account to improve coordination across prekindergarten through grade 20 and workforce systems. It creates the P20W public-private partnership account in the custody of the state treasurer to receive gifts, grants, federal funds, legislative appropriations, and similar receipts, and limits use of that account to contracting and data-dashboard activities authorized only by the Office of Financial Management (OFM) director or designee. OFM is authorized to contract with nonprofit organizations to (1) identify ongoing and historical P20W work by state entities and convene an advisory committee to develop recommendations (with a report due July 1, 2027), and (2) assist the state education data center in creating a public-facing P20W formative performance and outcomes data dashboard due November 1, 2028. The dashboard must connect existing data systems, report outcomes for specified student subgroups, include multiple measures where data exist, disaggregate information as provided under RCW 28A.300.042(1) to the extent available, and include safeguards protecting confidential student information consistent with FERPA and applicable state law. The bill reenacts and amends RCW 43.79A.040 to add the P20W public-private partnership account to the list of accounts and funds entitled to a proportionate share of investment earnings held in the treasurer's trust fund. The statutory framework for the treasurer's trust fund and the investment income account is described: investment income is set aside in an investment income account, payments to financial institutions for banking services must be made before distribution, and the state treasurer distributes earnings monthly to the state general fund except for accounts statutorily directed to receive their proportionate share based on average daily balances (with some named accounts receiving 80 percent of their proportionate share). The act also includes timing provisions that Section 4 of the act expires July 1, 2030, and Section 5 takes effect July 1, 2030. The extracted material is incomplete in places: the full amended list of accounts in RCW 43.79A.040 is truncated here, the substantive content of "Section 4 of this act" is not included in these excerpts, and the bill header duplicates a citation to RCW 43.79A.040 in a way that is unclear from the provided text. These omissions prevent confirmation of the complete listing of affected accounts and any additional provisions that may appear outside the provided extracts.

If enacted, the state will set up a new public-private P20W account held by the state treasurer to collect gifts, grants, federal funds, and other receipts and use those funds—without a separate legislative appropriation but under OFM approval and allotment rules—to hire nonprofits to map existing preK-to-work efforts, convene an advisory group and deliver recommendations by July 1, 2027, and to help the education data center build a public P20W outcomes dashboard by November 1, 2028 that reports results for specific student groups while protecting confidential student information. The new account will also be added to the list of funds that receive a monthly proportionate share of investment earnings based on average daily balances, so donated or deposited money may grow and generate earnings that flow back to the account. The Office of Financial Management will take on new contracting and oversight responsibilities and will control which activities get paid from the account; nonprofit contractors will gain new funding and clear deliverables but must produce a stakeholder-approved report and support dashboard development. The education data center must produce the public dashboard with nonprofit help, and the philanthropic community gets a formal channel to fund and coordinate statewide P20W efforts. The state treasurer will handle custody and distribute investment earnings to the account, and students and families—especially subgroups like students with disabilities, English learners, students of color, and low-income students—are likely to see more public, disaggregated reporting of outcomes. Important details are missing about the full scope of Section 4, the complete list of accounts affected by the investment-earnings change, and exact effective dates for some provisions.