Mildred L Cannon Trust
Mildred L Cannon Trust is a private foundation, based in Vernon, CT. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $434K in total assets. In 2025, it awarded 9 grants totaling $35K. Net investment income was $49K.
Mildred L Cannon Trust at a glance
In short: Mildred L Cannon Trust gave $35K across 9 grants in 2025 (avg $4K), mostly in Connecticut. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $34,500
- -9.2% vs 2024
- Grants made (2025)
- 9
- +12.5% vs 2024
- Average grant
- $3,833
- -19.3% vs 2024
- Median grant
- $2,500
- Total assets
- $434,142
- +0.9% vs 2024
- Primary geography
- Connecticut (84% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who Mildred L Cannon Trust funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2025
The largest 2025 recipient was Suffield Community Aid ($10K). Together the top 9 received $35K.
Grant Size Distribution
48 grants across all recorded years
The most common grant size was under $50K: 48 grants of 48 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 9 itemized grants.
Cities
How Mildred L Cannon Trust gives
- Giving fell 27% from 2022 to 2025. Method
- In 2025 it paid out 68% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $33K (2023) to $49K (2021). In 2025 it made 9 grants totaling $35K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Suffield Community Aid Suffield, CT | Alleviate suffering from cancer and heart disease | $10,000 |
| Women's Health Research at Yale New Haven, CT | Alleviate suffering from cancer and heart disease | $10,000 |
| Malta House of Care Hartford, CT | Alleviate suffering from cancer and heart disease | $5,000 |
| Hole in the Wall Gang New Haven, CT | Alleviate suffering from cancer and heart disease | $3,000 |
| St Jude Childrens Research Hospital Memphis, TN | Alleviate suffering from cancer and heart disease | $2,500 |
| Alex's Lemonade Stand Wynnewood, PA | Alleviate suffering from cancer and heart disease | $1,000 |
| Dana Farber Cancer Institute & The Jimmy Fund Brookline, MA | Alleviate suffering from cancer and heart disease | $1,000 |
| Heart Brothers Foundation Northborough, MA | Alleviate suffering from cancer and heart disease | $1,000 |
| Ronald McDonald House of CT New Haven, CT | Alleviate suffering from cancer and heart disease | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $434,142 | $59,962 | $54,890 | $34,500 | 9 | $44,074 | $49,146 | $64,757 |
| 2024 | $430,081 | $79,975 | $58,481 | $38,000 | 8 | $47,068 | $69,029 | $56,565 |
| 2023 | $414,884 | $54,737 | $49,703 | $33,000 | 7 | $41,219 | $46,253 | $52,229 |
| 2022 | $413,904 | $67,269 | $65,041 | $47,500 | 14 | $55,826 | $57,549 | $55,961 |
| 2021 | $411,675 | $57,405 | $66,870 | $49,000 | 10 | — | $47,275 | — |
Under IRS private-foundation payout rules, Mildred L Cannon Trust reported a distributable amount of $65K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Mildred L Cannon Trust is led by Kevin McCann, Trustee on every filing since 2021 — the only officer listed, and compensated.
Officers on the 2025 filing
Kevin McCann
Trustee
On filings since 2021
$11K (2021) → $14K (2025)
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $14K, to Kevin McCann (Trustee).
Frequently asked questions about Mildred L Cannon Trust
How much does Mildred L Cannon Trust give each year?
Mildred L Cannon Trust gave $35K across 9 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $38K across 8 grants.
What is Mildred L Cannon Trust's typical grant size?
Mildred L Cannon Trust's median grant in 2025 was $2,500, and its average grant was $3,833, across 9 grants on its 2025 IRS Form 990-PF.
Where does Mildred L Cannon Trust give grants?
Mildred L Cannon Trust gives mostly in Connecticut: 84% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Tennessee (7%) and Massachusetts (6%). The most frequent recipient cities were New Haven, CT (3 grants).
Does Mildred L Cannon Trust give general operating support?
Not in 2025: none of the 9 grants with a stated purpose on Mildred L Cannon Trust's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Alleviate suffering from cancer and heart disease" (9 grants).
Who are Mildred L Cannon Trust's largest grantees?
Mildred L Cannon Trust's largest 2025 grantees include Suffield Community Aid ($10,000), Women's Health Research at Yale ($10,000) and Malta House of Care ($5,000), according to its 2025 IRS Form 990-PF. Together they received 72% of its itemized 2025 grant dollars.
How large is Mildred L Cannon Trust?
Mildred L Cannon Trust reported $434K in total assets on its 2025 IRS Form 990-PF. It paid out $44K in qualifying distributions that year, against a required minimum of $65K (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 is Mildred L Cannon Trust's EIN?
Mildred L Cannon Trust's EIN (Employer Identification Number) is 06-6227269. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 16, 2023)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 11, 2024)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS February 10, 2026)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 10, 2023)
- IRS filings on file for fiscal years 2021–2025
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