Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2025
Open to Public Inspection
For calendar year 2025, or tax year beginning 01 - 01 2025, and ending 12 - 31, 20 25
Name of foundation
ANGELA J BOWEN CONSERVANCY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address) 1006 PLYMOUTH STREET SW
  Room/suite
City or town
OLYMPIA
State or province
WA
Country  
ZIP or foreign postal code
98502
A Employer identification number

91-2015916
B Telephone number (see instructions)

3603521300
C
G Check all that apply:

D 1. Foreign organizations, check here.............
2. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
H Check type of organization:
F
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$50,642,050J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 15
2 Check .................
3 Interest on savings and temporary cash investments 452 452  
4 Dividends and interest from securities... 1,593,504 1,593,504  
5a Gross rents............ 34,015 34,015  
b Net rental income or (loss) -169,377
6a Net gain or (loss) from sale of assets not on line 10 175,307
b Gross sales price for all assets on line 6a 18,125,382
7 Capital gain net income (from Part IV, line 2)... 175,307
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 1,803,293 1,803,278  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 287,116 69,331   159,562
15 Pension plans, employee benefits....... 78,895 19,051   43,845
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
109,950 72   109,878
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
26,713 10,999   14,664
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
139,625 134,900   4,725
17 Interest............... 107,621 107,621   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
58,318 29,099   0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
98,768 68,923  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 12,270 0   12,270
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
151,677 86,045   65,198
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,070,953 526,041   410,142
25 Contributions, gifts, grants paid....... 4,642,231 4,642,231
26 Total expenses and disbursements. Add lines 24 and 25 ................ 5,713,184 526,041   5,052,373
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -3,909,891
b Net investment income (if negative, enter -0-) 1,277,237
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2025)
Form 990-PF (2025)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 6,715,346 4,851,228 4,851,228
2 Savings and temporary cash investments......... 246,658 1,548,345 1,548,345
3 Accounts receivable  
Less: allowance for doubtful accounts   31,447    
4 Pledges receivable  
Less: allowance for doubtful accounts        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule)  
Less: allowance for doubtful accounts        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 10,640,108 Click to see attachment
List of Attached Documents:
// Content
8,418,217 		8,477,089
b Investments—corporate stock (attach schedule)....... 11,537,148 Click to see attachment
List of Attached Documents:
// Content
10,994,809 		22,645,862
c Investments—corporate bonds (attach schedule)....... 8,803,612 Click to see attachment
List of Attached Documents:
// Content
8,300,558 		8,254,066
11 Investments—land, buildings, and equipment: basis 2,903,751
Less: accumulated depreciation (attach schedule) 306,673 2,631,423 Click to see attachment
List of Attached Documents:
// Content
2,597,078 		2,952,000
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis 1,657,717
Less: accumulated depreciation (attach schedule) 129,744 1,543,506 Click to see attachment
List of Attached Documents:
// Content
1,527,973 		1,913,460
15 Other assets (describe )      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 42,149,248 38,238,208 50,642,050
Liabilities 17 Accounts payable and accrued expenses.......... 5,946 4,738
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe ) Click to see attachment
List of Attached Documents:
// Content
1,641 		Click to see attachment
List of Attached Documents:
// Content
1,700
23 Total liabilities (add lines 17 through 22)......... 7,587 6,438
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 42,141,661 38,231,770
29 Total net assets or fund balances (see instructions)..... 42,141,661 38,231,770
30 Total liabilities and net assets/fund balances (see instructions). 42,149,248 38,238,208
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
42,141,661
2
Enter amount from Part I, line 27a .....................
2
-3,909,891
3
Other increases not included in line 2 (itemize)
3
0
4
Add lines 1, 2, and 3 ..........................
4
38,231,770
5
Decreases not included in line 2 (itemize)
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
38,231,770
Form 990-PF (2025)
Form 990-PF (2025)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P    
b FENCE POST & RAIN BARRELS P 2024-01-01 2025-05-13
c CAPITAL GAINS DIVIDENDS P    
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 18,097,515   17,950,075 147,440
b 269     269
c 27,598     27,598
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       147,440
b       269
c       27,598
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 175,307
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ......................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 17,754
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 17,754
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 17,754
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 19,424
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 19,424
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10 1,670
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax1,670 Refunded 11 0
For Refunded amount, also complete and attach Form 8050. See instructions.
Form 990-PF (2025)
Form 990-PF (2025)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. $ 0(2) On foundation managers.$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
WA, MS
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2025 or the taxable year beginning in 2025? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressN/A
14
The books are in care ofJEFF CRAWFORD Telephone no. (360) 352-1300

Located at1006 PLYMOUTH STREET SWOLYMPIAWA ZIP+498502
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........
and enter the amount of tax-exempt interest received or accrued during the year ........
15
 
16 At any time during calendar year 2025, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country
Form 990-PF (2025)
Form 990-PF (2025)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2025? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2025, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2025?....................
2a
 
No
If "Yes," list the years 20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2025 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Form 4720, Schedule C, to determine
if the foundation had excess business holdings in 2025.).....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2025? ..
4b
 
No
Form 990-PF (2025)
Form 990-PF (2025)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
Yes
 
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
RICK WALLEY DIRECTOR/BOARD CHAIR
5.00 		0 0 0
1006 PLYMOUTH STREET SW
OLYMPIA,WA98502
LORI BOOTH DIRECTOR/VICE CHAIR
1.00 		0 0 0
1006 PLYMOUTH STREET SW
OLYMPIA,WA98502
BARBARA BENSON DIRECTOR/SECRETARY
5.00 		0 0 0
1006 PLYMOUTH STREET SW
OLYMPIA,WA98502
JENNIFER HENDERSON DIRECTOR/TREASURER
1.00 		0 0 0
1006 PLYMOUTH STREET SW
OLYMPIA,WA98502
KAREN BUCKLEY DIRECTOR
1.00 		0 0 0
1006 PLYMOUTH STREET SW
OLYMPIA,WA98502
SUE BENNETT DIRECTOR
1.00 		0 0 0
1006 PLYMOUTH STREET SW
OLYMPIA,WA98502
JUNE SHANNON DIRECTOR
1.00 		0 0 0
1006 PLYMOUTH STREET SW
OLYMPIA,WA98502
TRACY JEFFCOAT DIRECTOR
1.00 		0 0 0
1006 PLYMOUTH STREET SW
OLYMPIA,WA98502
DOUG MAH DIRECTOR (FROM 02/25)
1.00 		0 0 0
1006 PLYMOUTH STREET SW
OLYMPIA,WA98502
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
JEFF CRAWFORD ACCOUNTING MANAGER
29.50 		107,800 12,151 0
1006 PLYMOUTH STREET SW
OLYMPIA,WA98502
DANIEL MARCOTTE GROUNDSKEEPER
39.30 		66,741 13,998 0
1006 PLYMOUTH STREET SW
OLYMPIA,WA98502
CAROLYN GADLEY OFFICE MANAGER
38.80 		64,707 12,785 0
1006 PLYMOUTH STREET SW
OLYMPIA,WA98502
CARMEN TORRES RIVERA GROUNDSKEEPER
40.20 		47,868 13,616 0
1006 PLYMOUTH STREET SW
OLYMPIA,WA98502
Total number of other employees paid over $50,000................... 0
Form 990-PF (2025)
Form 990-PF (2025)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
KILEY JUERGENS WEALTH MANAGEMENT LLC ASSET MANAGEMENT 115,389
2409 PACIFIC AVE SE
LACEY,WA98501
BEAN GENTRY WHEELER & PETERNELL PLLC LEGAL SERVICES 107,943
910 LAKERIDGE WAY SW
OLYMPIA,WA98502
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 HOLD & MAINTAIN REAL ESTATE FOR NATURE CONSERVANCY PURPOSES. 410,141
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................0
Form 990-PF (2025)
Form 990-PF (2025)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
38,758,506
b
Average of monthly cash balances.......................
1b
7,428,049
c
Fair market value of all other assets (see instructions)................
1c
2,952,000
d
Total (add lines 1a, 1b, and 1c).......................
1d
49,138,555
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
49,138,555
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
737,078
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
48,401,477
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
2,420,074
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
2,420,074
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
17,754
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
17,754
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,402,320
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
2,402,320
6
Deduction from distributable amount (see instructions) .................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
2,402,320
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, line 26, column (d) ..........
1a
5,052,373
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
5,052,373
Form 990-PF (2025)
Form 990-PF (2025)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2024 		(c)
2024 		(d)
2025
1 Distributable amount for 2025 from Part X, line 7 2,402,320
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 821,730
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2025:
a From 2020......  
b From 2021......  
c From 2022......  
d From 2023......  
e From 2024......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2025 from Part
XI, line 4: $ 5,052,373
a Applied to 2024, but not more than line 2a 821,730
b Applied to undistributed income of prior years
(Election required—see instructions) ..... 		0
c Treated as distributions out of corpus (Election
required—see instructions) ........ 		0
d Applied to 2025 distributable amount..... 2,402,320
e Remaining amount distributed out of corpus 1,828,323
5 Excess distributions carryover applied to 2025. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 1,828,323
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2025. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2026 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2020 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		1,828,323
10 Analysis of line 9:
a Excess from 2021 ....  
b Excess from 2022 ....  
c Excess from 2023 ....  
d Excess from 2024 ....  
e Excess from 2025 .... 1,828,323
Form 990-PF (2025)
Form 990-PF (2025)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2025, enter the date of the ruling ......
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2025 (b) 2024 (c) 2023 (d) 2022
         
b 85% (0.85) of line 2a .......          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, 3b, or 3c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, 2b, 2c, and 2d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2025)
Form 990-PF (2025)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

CAPITOL LAND TRUST

PO BOX 14065
TUMWATER,WA98511 		    FOR ACQUISITION & STEWARDSHIP OF LAND TO BE HELD & MAINTAINED FOR PARK, OPEN SPACE AND NATURE CONSERVANCY PURPOSES IN PERPETUITY 2,072,000

CITY OF OLYMPIA

601 4TH AVE E
OLYMPIA,WA98507 		    FOR ACQUISITION & STEWARDSHIP OF LAND TO BE HELD & MAINTAINED FOR CONSERVANCY/PARKLAND PURPOSES IN PERPETUITY 1,450,000

LAND TRUST FOR THE MISSISSIPPI COASTAL PLAIN

PO BOX 245
BILOXI,MS39533 		    FOR ACQUISITION & STEWARDSHIP OF LAND TO BE HELD & MAINTAINED FOR CONSERVANCY PURPOSES IN PERPETUITY 630,570

OLYMPIAECOSYSTEMS

1107 WEST BAY DR NW STE 101A
OLYMPIA,WA98502 		    FOR ACQUISITION & STEWARDSHIP OF LAND TO BE HELD & MAINTAINED FOR PARK, OPEN SPACE AND NATURE CONSERVANCY PURPOSES IN PERPETUITY 284,661

HEERNETT ENVIRONMENTAL FOUNDATION INC

5078 POPE JOHN PAUL II BLVD STE 105
AVE MARIA,FL34142 		    FOR ACQUISITION & STEWARDSHIP OF LAND TO BE HELD & MAINTAINED FOR CONSERVANCY PURPOSES IN PERPETUITY 105,000

FRIENDS OF THE ANIMAL SHELTER IN HANCOCK COUNTY

PO BOX 2274
BAY ST LOUIS,MS39521 		    CONTROL OF FERAL AND DOMESTIC ANIMAL POPULATIONS FOR WILDLIFE HABITAT ENHANCEMENT 35,000

MISSISSIPPI SPAY AND NEUTER

657 US 49 SOUTH
RICHLAND,MS39218 		    CONTROL OF FERAL AND DOMESTIC ANIMAL POPULATIONS FOR WILDLIFE HABITAT ENHANCEMENT 30,000

OLYMPIA SCHOOL DISTRICT

111 BETHEL ST NE
OLYMPIA,WA98506 		    FOR RESTORATION & HABITAT ENHANCEMENT AT LP BROWN ELEMENTARY ENVIRONMENTAL LEARNING PROPERTY 20,000

FRIENDS OF JACKSON COUNTY ANIMAL SHELTER PETS

2953 BIENVILLE BLVD 134
OCEAN SPRINGS,MS39564 		    CONTROL OF FERAL AND DOMESTIC ANIMAL POPULATIONS FOR WILDLIFE HABITAT ENHANCEMENT 15,000
Total ................................. 3a 4,642,231
bApproved for future payment
Total ................................. 3b 0
Form 990-PF (2025)
Form 990-PF (2025)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 452  
4 Dividends and interest from securities ....     14 1,593,504  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 -169,377  
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 175,307  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 1,599,886 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,599,886
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2025)
Form 990-PF (2025)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Preparer's name Preparer's Signature Date Check if self-
employed 		PTIN
Firm's name
Firm's EIN
Firm's address


Phone no.
Form 990-PF (2025)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2025 AccountingFeesSchedule
Name:
ANGELA J BOWEN CONSERVANCY FOUNDATION
EIN:
91-2015916
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 26,713 10,999   14,664

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TY 2025 DepreciationSchedule
Name:
ANGELA J BOWEN CONSERVANCY FOUNDATION
EIN:
91-2015916
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
LAND - ANCHOR LANE, OLYMPIA WA 2021-01-01 82,600   L   0 0    
LAND - LANDRUM FRAM, MIZE MS 2021-01-01 161,799   L   0 0    
LAND - DESCHUTES PKWY, OLYMPIA 2021-01-01 28,900   L   0 0    
LAND - 1319 10TH AVE SW, OLYMPIA 2021-01-01 85,242   L   0 0    
LAND 1321 10TH AVE SW, OLYMPIA 2021-01-01 76,302   L   0 0    
LAND 1202 10TH AVE SW 2017-09-01 113,299   L   0 0    
LAND 923 RODGERS ST SW 2017-09-01 71,186   L   0 0    
BUILDING 1202 10TH AVE SW 2017-09-01 321,701 93,965 SL 27.500000000000 11,698 11,698    
BUILDING 923 RODGERS ST SW 2021-09-01 199,814 53,063 SL 27.500000000000 7,266 7,266    
LAND - 3611 7TH AVE SW, OLYMPIA 2021-01-01 820,000   L   0 0    
BUILDING - 1010 ROGERS 2021-05-31 434,485 56,614 SL 27.500000000000 15,799 15,799    
DEMOLITION COSTS - 1319 10TH AVE SW, OLYMPIA 2021-06-30 114,916   L   0 0    
DEMOLITION COSTS - 1321 10TH AVE SW, OLYMPIA 2021-06-30 72,675   L   0 0    
BUILDING - 1006 PLYMOUTH 2021-06-10 340,000 44,304 SL 27.500000000000 12,364 0    
LAND - 1006 PLYMOUTH 2021-06-10 85,000   L   0 0    
BUILDING IMPROVEMENTS - 1006 PLYMOUTH 2021-09-01 60,281 7,307 SL 27.500000000000 2,192 0    
LAND - CAPITAL VIEW LOTS18-20 2021-05-31 79,050   L   0 0    
LAND - PLYMOUTH WOODS 2021-05-31 140,100   L   0 0    
AUTOMOBILE - AJBCF 2021-05-31 6,898 4,945 SL 5.000000000000 1,380 0    
FURNITURE AND FIXTURES - AJBCF 2021-05-31 7,376 3,777 SL 7.000000000000 1,054 0    
COMPUTER HW & SW - AJBCF 2021-05-31 31,048 22,252 SL 5.000000000000 6,210 0    
LAND - 1010 ROGERS 2021-05-31 130,515   L   0 0    
COLCC LAPTOP OFFICE COMPUTER 2021-09-15 1,619 1,080 SL 5.000000000000 324 0    
RIGHT COMPUTERS - 9 BOARD MEMBERS 2021-09-08 11,126 7,417 SL 5.000000000000 2,225 0    
RIGHT CONFIG. LAPTOPS BRD DIRE 2021-11-17 2,523 1,557 SL 5.000000000000 505 0    
NEW ROOF - 923 ROGERS 2021-09-30 12,034 1,423 SL 27.500000000000 438 438    
923 ROGERS IMPROVEMENTS 2021-12-31 3,652 399 SL 27.500000000000 133 133    
1202 10TH - MOVEABLE FURNITURE & EQUIPMENT (GUEST HOUSE) 2021-05-31 5,000 2,559 SL 7.000000000000 714 714    
GARAGE DRIVEWAY GATE - 1006 2022-03-23 863 159 SL 15.000000000000 58 0    
FENCE FOR BARN AND DRIVEWAY AREA - 1006 2022-08-31 2,122 329 SL 15.000000000000 141 0    
FENCE - PLYMOUTH WOODS - 1636 2022-05-04 10,218 1,816 SL 15.000000000000 681 0    
FENCE - DESCHUTES PKWY, OLYMPIA 2022-03-23 4,027 737 SL 15.000000000000 268 0    
FENCE - 1319 10TH AVE SW, OLYMPIA 2022-01-19 10,501 2,042 SL 15.000000000000 700 0    
FENCE - 1321 10TH AVE SW, OLYMPIA 2022-01-19 10,501 2,042 SL 15.000000000000 700 0    
LAND - 1001 ROGERS 2021-05-31 214,000   L   0 0    
DOOR AND WINDOW REMODEL - 923 ROGERS 2023-12-31 4,223 154 SL 27.500000000000 154 154    
BOILER - 1010 ROGERS 2023-12-31 12,451 1,779 SL 7.000000000000 1,779 1,779    
RENOVATION - 1202 10TH AVE SW 2023-12-31 689,149 25,060 SL 27.500000000000 25,060 25,060    
BATHROOM REMODEL- 1006 PLYMOUTH 2023-12-31 3,718 135 SL 27.500000000000 135 0    
HVAC FURNACE - 1202 10TH AVE SW 2023-12-31 19,135 2,734 SL 7.000000000000 2,734 2,734    
RENOVATION - 1202 10TH AVE SW 2024-12-31 32,529   SL 27.500000000000 1,183 1,183    
FURNACE - 923 ROGERS 2025-11-25 8,493   SL 7.000000000000 101 101    
SOFFIT - 1010 ROGERS 2025-01-27 11,375   SL 27.500000000000 379 379    
SWING GATE OPENER - 1010 ROGERS 2025-01-31 6,637   SL 7.000000000000 869 869    
ATS KOHLER - 1010 ROGERS 2025-02-19 4,433   SL 7.000000000000 528 528    
MASONRY IMPROVEMENTS - 1010 ROGERS 2025-05-07 3,640   SL 27.500000000000 88 88    
FENCE REPLACEMENT - 1001 ROGERS 2025-12-11 7,643   SL 15.000000000000 42 0    
FURNACE - 1006 PLYMOUTH ST SW 2025-03-25 4,682   SL 7.000000000000 502 0    
COMPUTER HW & SW - AJBCF 2025 2025-02-07 1,987   SL 5.000000000000 364 0    

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TY 2025 ExpenditureResponsibilityStmt
Name:
ANGELA J BOWEN CONSERVANCY FOUNDATION
EIN:
91-2015916
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
HEERNETT ENVIRONMENTAL FOUNDATION INC
  		5078 POPE JOHN PAUL II BLVD STE 105
AVE MARIA,FL34142 		2024-09-11 5,000 FOR ACQUISITION & STEWARDSHIP OF LAND TO BE HELD & MAINTAINED FOR CONSERVANCY PURPOSES IN PERPETUITY 5,000 NO DECEMBER 31, 2024 & DECEMBER 31, 2025   N/A
HEERNETT ENVIRONMENTAL FOUNDATION INC
  		5078 POPE JOHN PAUL II BLVD STE 105
AVE MARIA,FL34142 		2025-03-25 105,000 FOR ACQUISITION & STEWARDSHIP OF LAND TO BE HELD & MAINTAINED FOR CONSERVANCY PURPOSES IN PERPETUITY 102,888 NO DECEMBER 31, 2025   N/A

TY 2025 InvestmentsCorpBondsSchedule
Name:
ANGELA J BOWEN CONSERVANCY FOUNDATION
EIN:
91-2015916
Name of Bond End of Year Book Value End of Year Fair Market Value
UBS BANK USA 240,000 240,149
WEBBANK 250,000 250,015
AMERICAN EXPRESS 250,000 254,938
AMGEN INC. 265,967 247,805
UNION SAVINGS BANK 250,000 250,116
VANGAURD WELLESLEY INCOM 650,000 651,565
WELLS FARGO BANK 250,000 250,916
THE DART BANK 240,000 240,357
WEST POINT BANK 50,000 50,035
BANK OF BARODA 250,000 250,115
BANC OF CALIFORNIA 240,000 240,076
FIRST FOUNDATION BA 240,000 239,898
FIRST EAGLE GLOBAL I 696,186 678,997
GOLDMAN SACHS BANK 250,000 250,295
JPMORGAN CHASE 250,000 250,050
LEGACY NTNL BANK 65,000 65,012
MERRICK BANK 250,000 252,579
MORGAN STANLEY B 240,000 240,494
MORGAN STANLEY P 220,000 221,175
COMMUNITY BANKER 220,000 221,476
COMMERCIAL NATL B 240,000 240,091
CITIGROUP INC. 250,000 244,806
BMW BANK OF NORTH 240,000 240,023
BERKSHIRE HATHAWAY 273,405 249,615
BARCLAYS BANK DE 240,000 239,990
BANK OF CHINA 250,000 249,998
PROVIDENT SAVINGS 250,000 250,027
BANK OF AMERICA 220,000 221,236
SOUTHSTATE BANK 250,000 250,140
BANK HAPOALIM B. 250,000 250,884
THE AMERICAN NTNL B 220,000 221,165
HUNTINGTON NTNL 250,000 250,028

TY 2025 InvestmentsCorpStockSchedule
Name:
ANGELA J BOWEN CONSERVANCY FOUNDATION
EIN:
91-2015916
Name of Stock End of Year Book Value End of Year Fair Market Value
3M CO 156,009 160,100
NVIDIA CORP 72,613 559,500
NUCOR CORP 111,300 326,220
NOVO-NORDISK A S F 106,708 50,880
NORTHROP GRUMMAN CORP 271,396 570,210
NIKE INC 174,640 127,420
MICROSOFT CORP 337,132 1,934,520
MICROCHIP TECHNOLOGY INC 86,260 127,440
MERCK & CO. INC 190,717 315,780
MERCEDES BENZ GROU ORDF 72,726 70,380
MCDONALDS CORP 134,696 152,815
MARSH & MCLENNAN COS INC 233,715 556,560
LOCKHEED MARTIN CORP 611,830 967,340
LEGGETT & PLATT INC 92,395 22,000
JPMORGAN CHASE & CO 228,313 805,550
INTEL CORP 205,575 184,500
XCEL ENERGY INC 49,487 73,860
HERITAGE FINL CORP WASH 391,875 354,750
HALLIBURTON CO 100,709 84,780
GENUINE PARTS CO 103,700 122,960
GENERAL MILLS INC 106,613 93,046
GENERAL DYNAMICS CORP 403,432 673,320
PACCAR INC 81,120 164,265
PAYCHEX INC 170,485 336,540
PPL CORP 39,245 35,020
PROCTER & GAMBLE CO 184,230 286,620
WELLS FARGO & CO 47,130 93,200
WASTE MGMT INC DEL 307,853 878,840
WARNER BROS DISCOVERY IN 69,233 54,211
VERIZON COMMUNICATIONS 1 94,474 81,460
UNILEVER PLC SPONSORED ADR F 164,762 174,356
UBER TECHNOLOGIES INC 138,802 163,420
TOTALENERGIES F 103,620 130,840
TORONTO DOMINION BK ON F 106,690 188,400
T-MOBILE US INC 64,478 101,520
TJX COS INC NEW 68,796 153,610
GE VERNOVA INC 108,554 522,856
THOMSON REUTERS CORP F 32,953 92,323
THE BOEING CO 125,790 138,120
TEXAS INSTRS INC 82,540 173,490
TESLA INC 155,517 224,860
TE CONNECTIVITY PLC F 79,350 227,510
TARGET CORP EQUITY 105,818 48,875
TAIWAN SEMICONDUCTOR M F SPONSORED ADR 92,100 759,725
SYSCO CORP 84,504 117,904
SONOCO PRODS CO 96,200 87,280
SEALED AIR CORP NEW 88,835 82,860
RTX CORP 234,084 550,200
THE MAGNUM ICE CREAM C F 9,078 9,510
GE AEROSPACE 113,050 308,030
XYLEM INC 123,650 272,360
GALLAGHER ARTHUR J & CO 28,988 129,395
AT&T INC 173,731 149,040
ALPHABET INC 120,538 156,500
AMAZON.COM INC 281,115 346,230
CHEMOURS CO 60,009 23,580
BOEING CO 137,562 108,560
AMERICAN ELEC PWR CO INC 166,175 230,620
AMERIPRISE FINL INC 82,450 245,170
GARMIN LTD F 51,645 202,850
ANALOG DEVICES INC 16,840 54,240
BANK OF AMERICA CORP 79,430 165,000
APPLIED MATLS INC 90,310 513,980
BANK HAWAII CORP 78,450 68,370
ARCHER-DANIELS MIDLAND C 99,180 114,980
AVISTA CORP 51,228 38,540
ATMOS ENERGY CORP 88,150 167,630
CONOCOPHILLIPS 87,670 187,220
CONSOLIDATED EDISON INC 168,250 198,640
ALLSTATE CORP 111,100 208,150
CONSTELLATION ENERGY COR 68,821 176,635
FORD MTR CO DEL 50,499 65,600
ABBVIE INC 125,948 182,792
EVERGY INC 94,605 108,735
EMERSON ELEC CO 184,757 398,160
ELI LILLY AND CO 161,690 2,149,360
EATON CORP PLC 153,980 159,255
ALLIANT ENERGY CORP 119,030 162,525
EASTMAN CHEM CO 86,335 63,830
DOUGLAS DYNAMICS INC 89,185 65,300
DEVON ENERGY CORP NEW 96,211 58,608
DEERE & CO 57,867 232,785
DANAHER CORP 120,195 114,460
CORTEVA INC 45,248 101,886
ADVANCED MICRO DEVIC 57,475 321,240
ASTRAZENECA PLC 95,360 183,860

TY 2025 InvestmentsGovtObligationsSch
Name:
ANGELA J BOWEN CONSERVANCY FOUNDATION
EIN:
91-2015916
US Government Securities - End of Year Book Value:

8,418,217
US Government Securities - End of Year Fair Market Value:

8,477,089
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2025 InvestmentsLandSchedule2
Name:
ANGELA J BOWEN CONSERVANCY FOUNDATION
EIN:
91-2015916
Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
LAND 1202 10TH AVE SW 113,299 0 113,299  
LAND 923 RODGERS ST SW 71,186 0 71,186  
BUILDING 1202 10TH AVE SW 321,701 105,663 216,038  
BUILDING 923 RODGERS ST SW 199,814 60,329 139,485  
LAND - 3611 7TH AVE SW, OLYMPIA 820,000 0 820,000  
BUILDING - 1010 ROGERS 434,485 72,413 362,072  
LAND - 1010 ROGERS 130,515 0 130,515  
NEW ROOF - 923 ROGERS 12,034 1,861 10,173  
923 ROGERS IMPROVEMENTS 3,652 532 3,120  
1202 10TH - MOVEABLE FURNITURE & EQUIPMENT (GUEST HOUSE) 5,000 3,273 1,727  
DOOR AND WINDOW REMODEL - 923 ROGERS 4,223 308 3,915  
BOILER - 1010 ROGERS 12,451 3,558 8,893  
RENOVATION - 1202 10TH AVE SW 689,149 50,120 639,029  
HVAC FURNACE - 1202 10TH AVE SW 19,135 5,468 13,667  
RENOVATION - 1202 10TH AVE SW 32,529 1,183 31,346  
FURNACE - 923 ROGERS 8,493 101 8,392  
SOFFIT - 1010 ROGERS 11,375 379 10,996  
SWING GATE OPENER - 1010 ROGERS 6,637 869 5,768  
ATS KOHLER - 1010 ROGERS 4,433 528 3,905  
MASONRY IMPROVEMENTS - 1010 ROGERS 3,640 88 3,552  

TY 2025 LandEtcSchedule2
Name:
ANGELA J BOWEN CONSERVANCY FOUNDATION
EIN:
91-2015916
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
LAND - ANCHOR LANE, OLYMPIA WA 82,600 0 82,600  
LAND - LANDRUM FRAM, MIZE MS 161,799 0 161,799  
LAND - DESCHUTES PKWY, OLYMPIA 28,900 0 28,900  
LAND - 1319 10TH AVE SW, OLYMPIA 85,242 0 85,242  
LAND 1321 10TH AVE SW, OLYMPIA 76,302 0 76,302  
DEMOLITION COSTS - 1319 10TH AVE SW, OLYMPIA 114,916 0 114,916  
DEMOLITION COSTS - 1321 10TH AVE SW, OLYMPIA 72,675 0 72,675  
BUILDING - 1006 PLYMOUTH 340,000 56,668 283,332  
LAND - 1006 PLYMOUTH 85,000 0 85,000  
BUILDING IMPROVEMENTS - 1006 PLYMOUTH 60,281 9,499 50,782  
LAND - CAPITAL VIEW LOTS18-20 79,050 0 79,050  
LAND - PLYMOUTH WOODS 140,100 0 140,100  
AUTOMOBILE - AJBCF 6,898 6,325 573  
FURNITURE AND FIXTURES - AJBCF 7,376 4,831 2,545  
COMPUTER HW & SW - AJBCF 31,048 28,462 2,586  
COLCC LAPTOP OFFICE COMPUTER 1,619 1,404 215  
RIGHT COMPUTERS - 9 BOARD MEMBERS 11,126 9,642 1,484  
RIGHT CONFIG. LAPTOPS BRD DIRE 2,523 2,062 461  
GARAGE DRIVEWAY GATE - 1006 863 217 646  
FENCE FOR BARN AND DRIVEWAY AREA - 1006 2,122 470 1,652  
FENCE - PLYMOUTH WOODS - 1636 10,218 2,497 7,721  
FENCE - DESCHUTES PKWY, OLYMPIA 4,027 1,005 3,022  
FENCE - 1319 10TH AVE SW, OLYMPIA 10,501 2,742 7,759  
FENCE - 1321 10TH AVE SW, OLYMPIA 10,501 2,742 7,759  
LAND - 1001 ROGERS 214,000 0 214,000  
BATHROOM REMODEL- 1006 PLYMOUTH 3,718 270 3,448  
FENCE REPLACEMENT - 1001 ROGERS 7,643 42 7,601  
FURNACE - 1006 PLYMOUTH ST SW 4,682 502 4,180  
COMPUTER HW & SW - AJBCF 2025 1,987 364 1,623  


TY 2025 LegalFeesSchedule
Name:
ANGELA J BOWEN CONSERVANCY FOUNDATION
EIN:
91-2015916
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 109,950 72   109,878


TY 2025 OtherExpensesSchedule
Name:
ANGELA J BOWEN CONSERVANCY FOUNDATION
EIN:
91-2015916
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AUTO EXPENSE 2,295 1,377   918
BANK CHARGES 99 0   99
DUES & SUBSCRIPTIONS 150 0   150
INSURANCE 26,348 9,311   15,394
LICENSE AND PERMITS 306 130   176
POSTAGE 634 0   634
REPAIRS AND MAINTENANCE 80,697 55,506   25,191
SOFTWARE 5,073 0   5,073
SUPPLIES 5,206 604   5,811
TELEPHONE 1,437 1,437   0
UTILITIES 26,522 17,212   9,310
RENT 2,910 468   2,442


TY 2025 OtherLiabilitiesSchedule
Name:
ANGELA J BOWEN CONSERVANCY FOUNDATION
EIN:
91-2015916
Description Beginning of Year - Book Value End of Year - Book Value
SECURITY DEPOSIT 1,641 1,700


TY 2025 OtherProfessionalFeesSchedule
Name:
ANGELA J BOWEN CONSERVANCY FOUNDATION
EIN:
91-2015916
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTANT FEES 23,978 19,253   4,725
INVESTMENT MANAGEMENT FEES 115,647 115,647   0


TY 2025 TaxesSchedule
Name:
ANGELA J BOWEN CONSERVANCY FOUNDATION
EIN:
91-2015916
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAX 21,500 0   0
REAL ESTATE TAXES 36,818 29,099   0