Charles a Cannon Charitable Trust No 3
Charles a Cannon Charitable Trust No 3 is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CONCORD, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $29.8M in total assets. In 2024, it awarded 5 grants totaling $1.1M. Net investment income was $1.7M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$29.8M
+10.9% YoY
Annual Giving
$1.1M
-2.5% YoY
Grant Count
5
+0.0% YoY
Avg Grant Size
$220K
-2.5% YoY
Under IRS private-foundation payout rules, Charles a Cannon Charitable Trust No 3 reported a distributable amount of $1.4M for 2024 — the minimum it must pay out in qualifying distributions.
About Charles a Cannon Charitable Trust No 3
Based on IRS filings
Charles a Cannon Charitable Trust No 3 is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CONCORD, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $29.8M in total assets. In 2024, it awarded 5 grants totaling $1.1M. Net investment income was $1.7M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $29,760,312 | $26,841,211 | $22,987,830 |
| Revenue | $1,778,798 | $1,845,383 | $1,199,797 |
| Expenses | $1,575,244 | $1,394,057 | $1,372,609 |
| Qualifying Distributions | $1,215,612 | $1,237,148 | $1,275,361 |
| Net Investment Income | $1,669,166 | $1,746,517 | $1,131,722 |
| Distributable Amount | $1,408,481 | $1,210,096 | $1,222,185 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
25 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Duke University ($441,000), Converse University ($300,470), Davidson College ($220,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CONVERSE UNIVERSITY SPARTANBURG, SC | HEALTH AND SAFETY IMPROVEMENTS | $300,470 |
| DAVIDSON COLLEGE DAVIDSON, NC | SUMMER RESEARCH COMMUNITY/HIGH IMPACT EXPERIENCES | $220,000 |
| DUKE UNIVERSITY DURHAM, NC | REQUIRED 40% DISTRIBUTION | $441,000 |
| LEES-MCRAE COLLEGE BANNER ELK, NC | RENOVATION AND CRITICAL MAINTENANCE PRIORITY | $39,952 |
| QUEENS UNIVERSITY OF CHARLOTTE CHARLOTTE, NC | MARIAM CANNON HAYES EDUCATIONAL ENDOWMENT | $100,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WILLIAM C CANNON JR | TRUSTEE, PRESIDENT | 3 | $18,034 |
| EDWIN S OUTEN | TRUSTEE, VICE-PRESIDENT | 3 | $18,034 |
| JOSEPH C HUNTER | TRUSTEE, SECRETARY | 3 | $18,034 |
| BRITT LEATHERMAN | TRUSTEE | 1 | $18,033 |
| PINNACLE FINANCIAL PARTNERS | TRUSTEE | 1 | $14,780 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Charles a Cannon Charitable Trust No 3?
Charles a Cannon Charitable Trust No 3 is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CONCORD, NC. It holds $29.8M in total assets as of 2024.
How large is Charles a Cannon Charitable Trust No 3?
As of 2024, Charles a Cannon Charitable Trust No 3 holds $29.8M in total assets with $1.8M in annual revenue. It awarded 5 grants totaling $1.1M in 2024.
Where does Charles a Cannon Charitable Trust No 3 operate?
Charles a Cannon Charitable Trust No 3 has awarded grants in North Carolina, South Carolina.
What size grants does Charles a Cannon Charitable Trust No 3 award?
In 2024, Charles a Cannon Charitable Trust No 3 awarded 5 grants totaling $1.1M — an average of about $220K per grant, based on its IRS Form 990 filings.
How much is Charles a Cannon Charitable Trust No 3 required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Charles a Cannon Charitable Trust No 3 reported a distributable amount of $1.4M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Charles a Cannon Charitable Trust No 3's EIN?
Charles a Cannon Charitable Trust No 3's EIN (Employer Identification Number) is 58-1360259. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Charles a Cannon Charitable Trust No 3'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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