Elizabeth McElwee Cannon Family Foundation

Private foundation · Grantmaker Statesville, NC EIN: 56-6590592

Elizabeth McElwee Cannon Family Foundation is a private foundation, based in Statesville, NC. IRS filing data is available from 2019 through 2024. In 2024, it awarded 2 grants totaling $100K. Net investment income was $79K.

Key facts about Elizabeth McElwee Cannon Family Foundation

In short: Elizabeth McElwee Cannon Family Foundation gave $100K across 2 grants in 2024 (avg $50K), mostly in North Carolina. Source: 2024 IRS Form 990-PF.

EIN
56-6590592
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$100,127
Grants made (2024)
2
Average grant
$50,064
Median grant
$50,064
Primary geography
North Carolina (100% of itemized 2024 grant dollars)

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

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

—

Annual Giving

$100K

+876.8% YoY

Grant Count

2

-66.7% YoY

Avg Grant Size

$50K

+2830.5% YoY

How Elizabeth McElwee Cannon Family Foundation gives

  • Giving grew 901% from 2021 to 2024. Method
  • In 2023 it paid out 211% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of 2024 grant dollars across all 2 itemized grants.

Cities

StatesvilleWinston-SalemBoxemanBozemanNorth WilkesboroRaliegh

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K4 grants2019 4 grants2020 3 grants2021 5 grants2022 6 grants2023 2 grants2024

From 2019 to 2024, annual grant giving ranged from $4K (2019) to $100K (2024). In 2024 it made 2 grants totaling $100K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Mitchell Community College: $100KMitchell Community College$100KFirst Presbyterian Church: $127First Presbyterian Church$127

The largest 2024 recipient was Mitchell Community College ($100K). Together the top 2 received $100K.

Grant Size Distribution

20 grants across all recorded years

19<$50K$50–100K1$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 19 grants of 20 (95%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Mitchell Community College Statesville, NCCharitable$100,000
First Presbyterian Church Statesville, NCCharitable$127

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50K$100K$150K2019 2020 2021 2022 2023 2024
Metric202420232022
Total Assets—$100,541$101,425
Revenue$82,755$11,672$10,214
Expenses$101,172$11,860$15,105
Qualifying Distributions$100,127$10,250$13,550
Net Investment Income$78,857$283$8,659
Distributable Amount—$4,869$5,258

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2019 (received by the IRS June 9, 2020)
  2. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Elizabeth McElwee Cannon Family Foundation's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • E. Bedford Cannon

    Trustee

    On filings since 2019

    No compensation reported

  • Elizabeth M. Cannon

    Trustee

    On filings since 2019

    No compensation reported

Data from IRS Form 990 filings, 2019–2024. "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 Elizabeth McElwee Cannon Family Foundation

How much does Elizabeth McElwee Cannon Family Foundation give each year?

Elizabeth McElwee Cannon Family Foundation gave $100K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $10K across 6 grants.

Where does Elizabeth McElwee Cannon Family Foundation operate?

Elizabeth McElwee Cannon Family Foundation has awarded grants in Montana, North Carolina.

What is Elizabeth McElwee Cannon Family Foundation's EIN?

Elizabeth McElwee Cannon Family Foundation's EIN (Employer Identification Number) is 56-6590592. IRS Form 990 filing data is available on this page for 2019–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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