Charles a Cannon Trust No 1
Charles a Cannon Trust No 1 is a private foundation based in Concord, North Carolina. Its grants support charitable organizations, with 2026 awards including healthcare, human services, higher education, and community projects.
Charles a Cannon Trust No 1 at a glance
In short: Charles a Cannon Trust No 1 gave $16.8M across 133 grants in 2026 (avg $126K), mostly in North Carolina. 29% of 2026 grantees were new. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $16,812,015
- -4.8% vs 2025
- Grants made (2026)
- 133
- +56.5% vs 2025
- Average grant
- $126,406
- -39.2% vs 2025
- Median grant
- $48,000
- Total assets
- $415,452,861
- +200.2% vs 2025
- New grantees (estimate)
- 29% first-time grantees (31 of 106, 2026)
- Primary geography
- North Carolina (94% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Charles a Cannon Trust No 1
- Accepts unsolicited proposals
- No
- How to Apply
-
The trusts award grants only to named beneficiaries, which the website says can apply every year. The trust’s filing statement says it does not accept unsolicited requests.
- Contact
Mailing address: PO Box 548, Concord, NC 28026
Phone: (704) 786-8216
Website: https://cannonfoundation.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Charles a Cannon Trust No 1 funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2026
The largest 2026 recipient was The Charlotte-Mecklenburg Hospital Authority ($6.4M). Together the top 10 received $9.6M.
Organizations only. It also paid 1 individual scholarship ($349,000), which are not listed by name.
Grant Size Distribution
561 grants across all recorded years
The most common grant size was under $50K: 277 grants of 561 (49%).
Geographic Focus
Where this funder awards grants
In 2026, 94% of grant dollars went to recipients in North Carolina and 6% to recipients in South Carolina. The website lists designated church denominations in Alamance, Cabarrus, Rowan, and Stanly counties in North Carolina, and Pickens and York counties in South Carolina.
Grant Distribution by State
Share of 2026 grant dollars across all 133 itemized grants.
States
Cities
Is Charles a Cannon Trust No 1 open to new grantees?
29%
first-time grantees, 2026
In 2026, 31 of 106 grantees (29%) were first-time recipients. First grants averaged $59K; repeat grants $195K. How we count
Medians: $38K first-time, $75K repeat.
- 40% of 2026 grantees were also funded in 2025. Method
- Giving held roughly steady from 2023 to 2026 (−3%). Method
- In 2026 it paid out 91% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2026). 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 2019 to 2026, annual grant giving ranged from $10.4M (2019) to $17.7M (2025). In 2026 it made 133 grants totaling $16.8M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Charlotte-Mecklenburg Hospital Authority Concord, NC | Required 40% Distribution - Atrium Cabarrus | $6,445,789 |
| Cabarrus Cooperative Christian Ministry Inc Concord, NC | The Rebuilder's Campus - Phase 1 | $500,000 |
| Rowan-Cabarrus Young Men's Christian Association Salisbury, NC | New Harrisburg YMCA (Capital Project) | $400,000 |
| Western Piedmont Foundation Inc Morganton, NC | Federal Pacific Electrical Panel Replacement | $400,000 |
| Brevard College Corporation Brevard, NC | Green Hall Updates and Renovations | $400,000 |
| 1 individual scholarship Recipients not named | — | $349,000 |
| Stanly County Family YMCA Albemarle, NC | Albemarle Renovation ($300,000) & Campaign Consulting ($35,000) | $335,000 |
| Public Health Authority of Cabarrus County Kannapolis, NC | Brown Mill Renovation | $300,000 |
| Wingate University Wingate, NC | Hvac Chiller Replacement for Batte Center | $290,428 |
| Montgomery Community College Foundation Inc Troy, NC | Dental Hygiene Classroom Lab Upfit & Supplies | $250,000 |
Ready to take the next step with Charles a Cannon Trust No 1?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2026 | $415,452,861 | $39,404,902 | $20,519,569 | $16,812,015 | 133 | $18,466,332 | $37,835,983 | $20,296,527 |
| 2025 | $138,395,667 | $18,179,325 | $20,943,911 | $17,660,502 | 85 | $19,132,550 | $16,545,775 | $19,662,517 |
| 2024 | $141,615,193 | $19,999,630 | $17,800,102 | $14,773,362 | 113 | $16,111,149 | $18,665,562 | $17,291,583 |
| 2023 | $139,220,382 | $27,247,632 | $19,886,939 | $17,391,064 | 123 | $18,588,237 | $21,101,511 | $15,956,123 |
| 2022 | $132,429,020 | $9,552,538 | $16,119,591 | $13,670,615 | 107 | $14,896,423 | $8,295,814 | $18,322,992 |
| 2021 | $139,674,440 | $5,052,599 | $15,107,814 | $12,896,756 | 82 | — | $4,000,205 | $14,858,916 |
| 2020 | $151,129,266 | $954,831 | $14,811,117 | $12,268,159 | 79 | — | $4,286,843 | $14,198,409 |
| 2019 | $167,869,577 | $21,014,333 | $13,057,150 | $10,353,364 | 96 | — | $19,352,904 | $13,421,655 |
Under IRS private-foundation payout rules, Charles a Cannon Trust No 1 reported a distributable amount of $20.3M for 2026 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The website describes designated beneficiaries among church denominations, higher education institutions, and other organizations. The 2026 grants listed in the filing also show support for healthcare, human services, and community projects, including renovations, equipment replacement, and facility improvements.
Grantees describe their own work in varied terms. Cabarrus Cooperative Christian Ministry says it provides immediate food, shelter, and financial assistance to residents experiencing crisis. Brevard College says it provides an experiential liberal arts education. The Rowan-Cabarrus YMCA describes its mission as building healthy spirit, mind, and body through programs for people of all ages and backgrounds. Western Piedmont Foundation says it develops public and private support for Western Piedmont Community College. Appalachian State University Foundation says it advances financial support and resources for the university. Wingate University says it seeks to develop educated, ethical, and productive global citizens. Montgomery Community College Foundation says it solicits and promotes donations for the college’s use.
Grantmaking
In filing year 2026, the trust reported 133 grants totaling $16,812,015. Grant amounts ranged from $5,000 to $6,445,789, with a median of $48,000.
Among the largest reported grants were $6,445,789 to The Charlotte-Mecklenburg Hospital Authority for the required 40% distribution to Atrium Cabarrus; $500,000 to Cabarrus Cooperative Christian Ministry for The Rebuilder’s Campus – Phase 1; $400,000 to the Rowan-Cabarrus YMCA for a new Harrisburg YMCA; $400,000 to Western Piedmont Foundation for electrical panel replacement; and $400,000 to Brevard College for Green Hall updates and renovations.
The website says named beneficiaries can apply to the trusts every year. The trust’s statement on its 2025 filing says it makes contributions only to preselected charitable organizations and does not accept unsolicited requests.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2026 filing lists William C. Cannon Jr. as trustee and president, Edwin S. Outen as trustee and vice-president, Joseph C. Hunter as trustee and secretary, Britt Leatherman as trustee, and Pinnacle Financial Partners as trustee.
Charles a Cannon Trust No 1 is led by William C. Cannon Jr., Trustee & President since 2022 (on filings since 2019); all 5 officers listed in 2026 are compensated.
Officers on the 2026 filing
William C. Cannon Jr.
Trustee & President
Co-Trustee → Trustee & President, 2022
On filings since 2019
3 hrs/week
$175K (2019) → $265K (2026)
Edwin S. Outen
Trustee & Vice President
Co-Trustee → Trustee & Vice President, 2022
On filings since 2019
3 hrs/week
$175K (2019) → $265K (2026)
Joseph C. Hunter
Trustee & Secretary
Co-Trustee → Trustee & Secretary, 2022
On filings since 2019
3 hrs/week
$175K (2019) → $265K (2026)
Pinnacle Financial Partners
Trustee
On filings since 2022
1 hr/week
$50K (2022) → $209K (2026)
Britt Leatherman
Trustee
On filings since 2024
1 hr/week
$219K (2024) → $265K (2026)
Former officers (3)
- Former: Wells Fargo (2022) — Trustee
- Former: Wells Fargo Bank NA (2019–2021) — Corp Trustee & Co-Trustee
- Former: Robert C. Hayes (2019–2020) — Co-Trustee
Data from IRS Form 990 filings, 2019–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2026 IRS filing
The highest reported compensation on the 2026 filing was $265K, to William C Cannon Jr (Trustee/President). 5 officers or directors reported compensation on that filing.
Frequently asked questions about Charles a Cannon Trust No 1
How much does Charles a Cannon Trust No 1 give each year?
Charles a Cannon Trust No 1 gave $16.8M across 133 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $17.7M across 85 grants.
What is Charles a Cannon Trust No 1's typical grant size?
Charles a Cannon Trust No 1's median grant in 2026 was $48,000, and its average grant was $126,406, across 133 grants on its 2026 IRS Form 990-PF. Organizations receiving their first grant from Charles a Cannon Trust No 1 that year got $59K on average.
Where does Charles a Cannon Trust No 1 give grants?
Charles a Cannon Trust No 1 gives mostly in North Carolina: 94% of the grant dollars itemized on its 2026 IRS Form 990-PF went to recipients there. The next largest state was South Carolina (6%). The most frequent recipient cities were Concord, NC (33 grants), Kannapolis, NC (14 grants), Rock Hill, SC (12 grants) and Salisbury, NC (8 grants).
Does Charles a Cannon Trust No 1 give general operating support?
Yes: 17% of Charles a Cannon Trust No 1's 2026 grants with a stated purpose (23 of 133) were for general or operating support, per its 2026 IRS Form 990-PF. Recurring purposes include "Roof Replacement" (3 grants).
Who are Charles a Cannon Trust No 1's largest grantees?
Charles a Cannon Trust No 1's largest 2026 grantees include The Charlotte-Mecklenburg Hospital Authority ($6,445,789), Cabarrus Cooperative Christian Ministry Inc ($515,000 across 3 grants) and Rowan-Cabarrus Young Men's Christian Association ($410,000 across 2 grants), according to its 2026 IRS Form 990-PF. It also paid 1 individual scholarship ($349,000), which are not listed by name. Together they received 44% of its itemized 2026 grant dollars.
How large is Charles a Cannon Trust No 1?
Charles a Cannon Trust No 1 reported $415.5M in total assets on its 2026 IRS Form 990-PF. It paid out $18.5M in qualifying distributions that year, against a required minimum of $20.3M (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.
What does Charles a Cannon Trust No 1 fund?
The website describes designated beneficiaries among church denominations, higher education institutions, and other organizations. See mission & focus areas ↑
How do I apply for a grant from Charles a Cannon Trust No 1?
The trusts award grants only to named beneficiaries, which the website says can apply every year. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Charles a Cannon Trust No 1's EIN?
Charles a Cannon Trust No 1's EIN (Employer Identification Number) is 56-6132354. IRS Form 990 filing data is available on this page for 2019–2026.
Does Charles a Cannon Trust No 1 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 October 2026.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS January 8, 2020)
- Added Form 990-PF for fiscal year 2026 (received by the IRS July 30, 2026)
- IRS filings on file for fiscal years 2020–2025
Explore Open Grants
Browse active grant opportunities in Charles a Cannon Trust No 1's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Charles a Cannon Trust No 1 funder profile. GrantGraph. Retrieved October 16, 2026, from https://grantable.co/funders/charles-a-cannon-trust-no-1-morg_5c830519b73b4370aacf241cf496daad
BibTeX
@misc{grantable_566132354_2026,
author = {{Grantable}},
title = {{Charles a Cannon Trust No 1 funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/charles-a-cannon-trust-no-1-morg_5c830519b73b4370aacf241cf496daad},
note = {Accessed 2026-10-16. 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 Charles a Cannon Trust No 1'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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