Cannon Family Charitable Trust
Cannon Family Charitable Trust is a private foundation, based in Raleigh, NC. IRS filing data is available from 2024 through 2025. As of 2025, the organization holds $12.2M in total assets. In 2025, it awarded 2 grants totaling $474K. Net investment income was $1.6M.
Cannon Family Charitable Trust at a glance
In short: Cannon Family Charitable Trust gave $474K across 2 grants in 2025 (avg $237K), mostly in North Carolina. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $474,058
- Grants made (2025)
- 2
- Average grant
- $237,029
- Median grant
- $237,029
- Total assets
- $12,203,097
- +8.9% vs 2024
- Primary geography
- North Carolina (53% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who Cannon Family Charitable Trust funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Wake Forest University Health Sciences ($250K). Together the top 2 received $474K.
Grant Size Distribution
2 grants across all recorded years
The most common grant size was in the $100–250K range: 1 grant of 2 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How Cannon Family Charitable Trust gives
- In 2025 it paid out 68% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2025 it made 2 grants totaling $474K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Wake Forest University Health Sciences Winston-Salem, NC | General Support | $250,000 |
| Fidelity Investments Charitable Gift Fund Chicago, IL | Charitable Use | $224,058 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $12,203,097 | $1,778,629 | $796,566 | $474,058 | 2 | $592,906 | $1,591,595 | $871,934 |
| 2024 | $11,204,048 | $581,193 | $610,333 | — | — | $401,253 | $386,563 | $849,369 |
Under IRS private-foundation payout rules, Cannon Family Charitable Trust reported a distributable amount of $872K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Cannon Family Charitable Trust's 2025 filing lists 4 officers; 3 of 4 officers listed in 2025 are compensated.
Officers on the 2025 filing
Craig Cannon
Co-Trustee
On filings since 2024
5 hrs/week
$43K (2024) → $45K (2025)
Kathleen Cannon
Co-Trustee
On filings since 2024
4 hrs/week
$43K (2024) → $45K (2025)
Thomas Fields
Co-Trustee
On filings since 2024
2 hrs/week
$43K (2024) → $45K (2025)
Truist
Co-Trustee
On filings since 2024
5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2024–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $45K, to Craig Cannon (Co-Trustee). 3 officers or directors reported compensation on that filing.
Frequently asked questions about Cannon Family Charitable Trust
How much does Cannon Family Charitable Trust give each year?
Cannon Family Charitable Trust gave $474K across 2 grants in 2025, according to its 2025 IRS Form 990-PF.
How large is Cannon Family Charitable Trust?
Cannon Family Charitable Trust reported $12.2M in total assets on its 2025 IRS Form 990-PF. It paid out $593K in qualifying distributions that year, against a required minimum of $872K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Cannon Family Charitable Trust operate?
Cannon Family Charitable Trust has awarded grants in Illinois, North Carolina.
What is Cannon Family Charitable Trust's EIN?
Cannon Family Charitable Trust's EIN (Employer Identification Number) is 30-6756973. IRS Form 990 filing data is available on this page for 2024–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS February 25, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS February 19, 2026)
- IRS filings on file for fiscal years 2024–2025
Explore Open Grants
Browse active grant opportunities in Cannon Family Charitable Trust's focus areas in our free grants database
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