Cannon Charitable Foundation Inc
Cannon Charitable Foundation Inc is a private foundation based in Flowood, Mississippi. In its 2024 filing, it reported giving $88,000 in grants to 10 organizations, including for scholarships, children’s care, homelessness services, health, and other purposes.
Cannon Charitable Foundation Inc at a glance
In short: Cannon Charitable Foundation Inc gave $88K across 10 grants in 2024 (avg $9K), mostly in Mississippi. 20% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $88,000
- +2.3% vs 2023
- Grants made (2024)
- 10
- +11.1% vs 2023
- Average grant
- $8,800
- -7.9% vs 2023
- Median grant
- $3,400
- Total assets
- $1,008,466
- +14.6% vs 2023
- New grantees (estimate)
- 20% first-time grantees (2 of 10, 2024; small sample)
- Primary geography
- Mississippi (79% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Cannon Charitable Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 1905 Community Bank Way Suite 200, Flowood, MS 39232
Phone: (601) 360-9303
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Cannon Charitable Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was MSU Foundation ($60K). Together the top 10 received $88K.
Grant Size Distribution
46 grants across all recorded years
The most common grant size was under $50K: 43 grants of 46 (93%).
Geographic Focus
Where this funder awards grants
In 2024, 79% of grant dollars went to recipients in Mississippi, 10% to Texas, 9% to Virginia, and 2% to Alabama.
Grant Distribution by State
Share of 2024 grant dollars across all 10 itemized grants.
Cities
Is Cannon Charitable Foundation Inc open to new grantees?
20%
first-time grantees, 2024
In 2024, 2 of 10 grantees (20%) were first-time recipients. With only 10 grantees, that is a small sample: one grantee more or less moves the share by about 10 points. First grants averaged $2K; repeat grants $11K. How we count
Medians: $2K first-time, $4K repeat.
- 80% of 2024 grantees were also funded in 2023. Method
- Giving grew 42% from 2021 to 2024. Method
- In 2024 it paid out 113% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $59K (2020) to $88K (2024). In 2024 it made 10 grants totaling $88K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| MSU Foundation Mississippi State, MS | Provide Scholarships | $60,000 |
| Project 25 McKinney, TX | Healing Orphan Children | $5,000 |
| Scottish Rite Hospital Dallas, TX | Provide Quality Care to Children | $4,000 |
| NRA Foundation Fairfax, VA | Defend the Right to Bear Arms | $3,800 |
| National Right to Work Springfield, VA | Eliminating Unionism Abuses | $3,800 |
| Gateway Rescue Jackson, MS | Food & Clothing for Homeless | $3,000 |
| American Cancer Society Jackson, MS | For Eliminating Cancer | $2,200 |
| American Heart Assoc Jackson, MS | Eliminating Heart Disease | $2,200 |
| MSU Foundation - Band Mississippi State, MS | Provide Scholarships | $2,000 |
| Oak Mountain Highschool Band Booste Birmingham, AL | Buy Band Equipment | $2,000 |
Ready to take the next step with Cannon Charitable Foundation Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,008,466 | $236,132 | $107,936 | $88,000 | 10 | $88,000 | $1,226 | $78,120 |
| 2023 | $880,270 | $-3,148 | $104,499 | $86,000 | 9 | $86,000 | $9,985 | $65,244 |
| 2022 | $987,917 | $53,782 | $104,020 | $83,000 | 9 | $83,000 | $41,082 | $72,166 |
| 2021 | $1,038,155 | $95,974 | $85,277 | $62,000 | 9 | $62,000 | $80,485 | $75,628 |
| 2020 | $1,027,458 | $253,681 | $77,725 | $59,000 | 9 | — | $241,353 | $60,477 |
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.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants included scholarship support, care for children, food and clothing for people experiencing homelessness, and support for health-related causes. The NRA Foundation, one of its grantees, describes its own mission as supporting firearm-related public-interest activities, firearm and hunting safety, marksmanship, and public education about firearms.
Grantmaking
In filing year 2024, the foundation made 10 grants totaling $88,000. Grants ranged from $2,000 to $60,000, with a median of $3,400.
The largest grant was $60,000 to MSU Foundation for scholarships. Other grants included $5,000 to Project 25 for healing orphan children; $4,000 to Scottish Rite Hospital to provide quality care to children; and $3,800 to the NRA Foundation. Additional recipients included National Right to Work ($3,800), Gateway Rescue ($3,000), American Cancer Society ($2,200), American Heart Association ($2,200), MSU Foundation – Band ($2,000), and Oak Mountain Highschool Band Boosters ($2,000).
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists William B Ferrell Jr as president, Dora S Ferrell as secretary-treasurer, and Arthur M Edwards III as assistant secretary.
Cannon Charitable Foundation Inc is led by William B. Ferrell Jr., President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
William B. Ferrell Jr.
President
On filings since 2020
No compensation reported
Arthur M. Edwards III
Assistant Se
Assistant Secretary & Treasurer → Assistant Se, 2021
On filings since 2020
No compensation reported
Dora S. Ferrell
Secretary-Tr
Secretary-Treasurer → Secretary-Tr, 2021
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Cannon Charitable Foundation Inc
How much does Cannon Charitable Foundation Inc give each year?
Cannon Charitable Foundation Inc gave $88K across 10 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $86K across 9 grants.
What is Cannon Charitable Foundation Inc's typical grant size?
Cannon Charitable Foundation Inc's median grant in 2024 was $3,400, and its average grant was $8,800, across 10 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Cannon Charitable Foundation Inc that year got $2K on average.
Where does Cannon Charitable Foundation Inc give grants?
Cannon Charitable Foundation Inc gives mostly in Mississippi: 79% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Texas (10%) and Virginia (9%). The most frequent recipient cities were Jackson, MS (3 grants) and Mississippi State, MS (2 grants).
Does Cannon Charitable Foundation Inc give general operating support?
Not in 2024: none of the 10 grants with a stated purpose on Cannon Charitable Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support.
Who are Cannon Charitable Foundation Inc's largest grantees?
Cannon Charitable Foundation Inc's largest 2024 grantees include MSU Foundation ($60,000), Project 25 ($5,000) and Scottish Rite Hospital ($4,000), according to its 2024 IRS Form 990-PF. Together they received 78% of its itemized 2024 grant dollars.
How large is Cannon Charitable Foundation Inc?
Cannon Charitable Foundation Inc reported $1.0M in total assets on its 2024 IRS Form 990-PF. It paid out $88K in qualifying distributions that year, against a required minimum of $78K (roughly 5% of its investment assets).
What does Cannon Charitable Foundation Inc fund?
No mission statement for the foundation is provided. Its 2024 grants included scholarship support, care for children, food and clothing for people experiencing homelessness, and support for health-related causes. See mission & focus areas ↑
How do I apply for a grant from Cannon Charitable Foundation Inc?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Does Cannon Charitable Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Cannon Charitable Foundation Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Browse active grant opportunities in Cannon Charitable Foundation Inc's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Cannon Charitable Foundation Inc funder profile. GrantGraph. Retrieved October 22, 2026, from https://grantable.co/funders/cannon-charitable-foundation-inc-morg_5c3d6ea57f4a46e5b44396b3c6ea6dca
BibTeX
@misc{grantable_823782788_2026,
author = {{Grantable}},
title = {{Cannon Charitable Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/cannon-charitable-foundation-inc-morg_5c3d6ea57f4a46e5b44396b3c6ea6dca},
note = {Accessed 2026-10-22. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Cannon Charitable Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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