Mildred L Cannon Trust

VERNON, CT EIN: 06-6227269

Mildred L Cannon Trust is a private foundation, based in VERNON, CT. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $430K in total assets. In 2024, it awarded 8 grants totaling $38K. Net investment income was $69K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$430K

+3.7% YoY

Annual Giving

$38K

+15.2% YoY

Grant Count

+14.3% YoY

Avg Grant Size

$5K

+0.8% YoY

Under IRS private-foundation payout rules, Mildred L Cannon Trust reported a distributable amount of $57K for 2024 — the minimum it must pay out in qualifying distributions.

About Mildred L Cannon Trust

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Connecticut $152K (90%)

Tennessee $6K (4%)

Massachusetts $5K (3%)

Florida $5K (3%)

Pennsylvania $500 (0%)

Virginia $500 (0%)

States

Connecticut Florida Massachusetts Pennsylvania Tennessee Virginia

Cities

Bala CynwydBrooklineHartfordMemphisNew HavenRestonSheltonSuffieldTampaWest Springfield

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$430,081	$414,884	$413,904
Revenue	$79,975	$54,737	$67,269
Expenses	$58,481	$49,703	$65,041
Qualifying Distributions	$47,068	$41,219	$55,826
Net Investment Income	$69,029	$46,253	$57,549
Distributable Amount	$56,565	$52,229	$55,961

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 8 recipients in 2024

Grant Size Distribution

40 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Suffield Community Aid ($10,000), Womens Health Research at Yale ($10,000), The Hole In The Wall Gang ($8,000).

Recipient	Purpose	Amount
Hartford Hospital-Susan D Flynn Program Hartford, CT	Alleviate suffering from cancer and heart disease.	$2,500
Malta House of Care Hartford, CT	Alleviate suffering from cancer and heart disease	$3,000
Ronald McDonald House of CT New Haven, CT	Alleviate suffering from cancer and heart disease	$1,000
St Jude's Childrens Research Hospital Memphis, TN	Alleviate suffering from cancer and heart disease	$1,000
Suffield Community Aid Suffield, CT	Alleviate suffering from cancer and heart disease.	$10,000
The Hole In The Wall Gang New Haven, CT	Alleviate suffering from cancer and heart disease	$8,000
University of South Florida Foundation Tampa, FL	Alleviate suffering from cancer and heart disease	$2,500
Womens Health Research at Yale New Haven, CT	Alleviate suffering from cancer and heart disease	$10,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

No officer/director data available.

Frequently Asked Questions

How large is Mildred L Cannon Trust?

As of 2024, Mildred L Cannon Trust holds $430K in total assets with $80K in annual revenue. It awarded 8 grants totaling $38K in 2024.

Where does Mildred L Cannon Trust operate?

Mildred L Cannon Trust has awarded grants in Connecticut, Florida, Massachusetts, Pennsylvania, Tennessee, Virginia.

What size grants does Mildred L Cannon Trust award?

In 2024, Mildred L Cannon Trust awarded 8 grants totaling $38K — an average of about $5K per grant, based on its IRS Form 990 filings.

How much is Mildred L Cannon Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Mildred L Cannon Trust reported a distributable amount of $57K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.