Cannon Charitable Foundation Inc
Cannon Charitable Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FLOWOOD, MS. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.0M in total assets. In 2024, it awarded 10 grants totaling $88K. Net investment income was $1K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.0M
+14.6% YoY
Annual Giving
$88K
+2.3% YoY
Grant Count
10
+11.1% YoY
Avg Grant Size
$9K
-7.9% YoY
Under IRS private-foundation payout rules, Cannon Charitable Foundation Inc reported a distributable amount of $78K for 2024 — the minimum it must pay out in qualifying distributions.
About Cannon Charitable Foundation Inc
Based on IRS filings
Cannon Charitable Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FLOWOOD, MS. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.0M in total assets. In 2024, it awarded 10 grants totaling $88K. Net investment income was $1K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,008,466 | $880,270 | $987,917 |
| Revenue | $236,132 | $-3,148 | $53,782 |
| Expenses | $107,936 | $104,499 | $104,020 |
| Qualifying Distributions | $88,000 | $86,000 | $83,000 |
| Net Investment Income | $1,226 | $9,985 | $41,082 |
| Distributable Amount | $78,120 | $65,244 | $72,166 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
46 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Msu Foundation ($60,000), Project 25 ($5,000), Scottish Rite Hospital ($4,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN CANCER SOCIETY JACKSON, MS | FOR ELIMINATING CANCER | $2,200 |
| AMERICAN HEART ASSOC JACKSON, MS | ELIMINATING HEART DISEASE | $2,200 |
| GATEWAY RESCUE JACKSON, MS | FOOD & CLOTHING FOR HOMELESS | $3,000 |
| MSU FOUNDATION MISSISSIPPI STATE, MS | PROVIDE SCHOLARSHIPS | $60,000 |
| MSU FOUNDATION - BAND MISSISSIPPI STATE, MS | PROVIDE SCHOLARSHIPS | $2,000 |
| NRA FOUNDATION FAIRFAX, VA | DEFEND THE RIGHT TO BEAR ARMS | $3,800 |
| NATIONAL RIGHT TO WORK SPRINGFIELD, VA | ELIMINATING UNIONISM ABUSES | $3,800 |
| PROJECT 25 MCKINNEY, TX | HEALING ORPHAN CHILDREN | $5,000 |
| SCOTTISH RITE HOSPITAL DALLAS, TX | PROVIDE QUALITY CARE TO CHILDREN | $4,000 |
| OAK MOUNTAIN HIGHSCHOOL BAND BOOSTE BIRMINGHAM, AL | BUY BAND EQUIPMENT | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WILLIAM B FERRELL JR | PRESIDENT | — | — |
| DORA S FERRELL | SECRETARY-TR | — | — |
| ARTHUR M EDWARDS III | ASSISTANT SE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Cannon Charitable Foundation Inc?
Cannon Charitable Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FLOWOOD, MS. It holds $1.0M in total assets as of 2024.
How large is Cannon Charitable Foundation Inc?
As of 2024, Cannon Charitable Foundation Inc holds $1.0M in total assets with $236K in annual revenue. It awarded 10 grants totaling $88K in 2024.
Where does Cannon Charitable Foundation Inc operate?
Cannon Charitable Foundation Inc has awarded grants in Alabama, Mississippi, Texas, Virginia.
What size grants does Cannon Charitable Foundation Inc award?
In 2024, Cannon Charitable Foundation Inc awarded 10 grants totaling $88K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is Cannon Charitable Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Cannon Charitable Foundation Inc reported a distributable amount of $78K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Cannon Charitable Foundation Inc's EIN?
Cannon Charitable Foundation Inc's EIN (Employer Identification Number) is 82-3782788. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Cannon Charitable Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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