Cannon Family Foundation Inc

Foundation · Grantmaker Irving, TX EIN: 92-0782130

Cannon Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Irving, TX. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $2.7M in total assets. In 2024, it awarded 1 grant totaling $100K. Net investment income was $190K.

Key facts about Cannon Family Foundation Inc

EIN: 92-0782130
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $100,000
Grants made (2024): 1
Average grant: $100,000
Median grant: $100,000
Total assets: $2,658,770
Primary geography: Texas (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

How Cannon Family Foundation Inc gives

In 2024 it paid out 84% 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.

Next steps with Cannon Family Foundation Inc

How to evaluate Cannon Family Foundation Inc as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
Draft an LOI to Cannon Family Foundation Inc with AI
AI grant writing that drafts from your organization’s own materials, in your voice.
Track this opportunity in a free grant tracker
A free Google Sheets or Excel template for deadlines, award terms, and reports due.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.7M

+7.4% YoY

Annual Giving

$100K

-41.5% YoY

Grant Count

-66.7% YoY

Avg Grant Size

$100K

+75.4% YoY

Under IRS private-foundation payout rules, Cannon Family Foundation Inc reported a distributable amount of $119K for 2024 — the minimum it must pay out in qualifying distributions.

About Cannon Family Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

Your AI grants department

Ready to take the next step with Cannon Family Foundation Inc?

Assess fit for your org Draft an LOI Find open RFPs

Fully replaces Grant database subscriptions Instrumentl · Foundation Directory · GrantStation & similar

Geographic Focus

Where this funder awards grants

Grant Distribution by State

Texas $100K (100%)

Share of all 1 itemized 2024 grant dollars.

States

Georgia Texas

Cities

IrvingAlbanyDallas

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$2,658,770	$2,474,431	$2,512,289
Revenue	$205,890	$158,830	$2,513,588
Expenses	$121,551	$196,688	$1,299
Qualifying Distributions	$100,801	$180,063	—
Net Investment Income	$189,678	$137,850	$13,247
Distributable Amount	$119,456	$122,605	$25,579

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2022–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

4 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include The Highlands School ($100,000).

Recipient	Purpose	Amount
THE HIGHLANDS SCHOOL Irving, TX	EDUCATION	$100,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Marvin V Cannon III	President, Treasurer & Director	1	—
Leah M Cannon	Secretary & Director	1	—
Audrey E Cannon	Director	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Cannon Family Foundation Inc?

Cannon Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Irving, TX. It holds $2.7M in total assets as of 2024.

How large is Cannon Family Foundation Inc?

As of 2024, Cannon Family Foundation Inc holds $2.7M in total assets with $206K in annual revenue. It awarded 1 grant totaling $100K in 2024.

Where does Cannon Family Foundation Inc operate?

Cannon Family Foundation Inc has awarded grants in Georgia, Texas.

What size grants does Cannon Family Foundation Inc award?

In 2024, Cannon Family Foundation Inc awarded 1 grant totaling $100K — an average of about $100K per grant, based on its IRS Form 990 filings.

How much is Cannon Family Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Cannon Family Foundation Inc reported a distributable amount of $119K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.