WCNC Cannon Charitable Trust
WCNC Cannon Charitable Trust is a private foundation based in Charlotte, North Carolina. Its 2025 filing reports grants to charitable organizations, primarily in North Carolina, with listed purposes including support, education, and general operating costs.
WCNC Cannon Charitable Trust at a glance
In short: WCNC Cannon Charitable Trust gave $731K across 19 grants in 2025 (avg $38K), mostly in North Carolina. 5% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $731,000
- -7.9% vs 2024
- Grants made (2025)
- 19
- -9.5% vs 2024
- Average grant
- $38,474
- +1.8% vs 2024
- Median grant
- $21,000
- Total assets
- $4,756,205
- +6.8% vs 2024
- New grantees (estimate)
- 5% first-time grantees (1 of 19, 2025; small sample)
- Primary geography
- North Carolina (90% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to WCNC Cannon Charitable Trust
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations.
- Contact
Mailing address: 15025 Ballancroft Parkway, Charlotte, NC 28277
Phone: (336) 881-3600
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who WCNC Cannon Charitable Trust funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was First Presbyterian Church ($165K). Together the top 10 received $586K.
Grant Size Distribution
106 grants across all recorded years
The most common grant size was under $50K: 86 grants of 106 (81%).
Geographic Focus
Where this funder awards grants
In 2025, 90% of grant dollars went to recipients in North Carolina. The remaining grant dollars went to organizations in Missouri (3%), Colorado (3%), Virginia (2%), and South Carolina (1%).
Grant Distribution by State
Share of 2025 grant dollars across all 19 itemized grants.
Cities
Is WCNC Cannon Charitable Trust open to new grantees?
5%
first-time grantees, 2025
In 2025, 1 of 19 grantees (5%) were first-time recipients. With only 19 grantees, that is a small sample: one grantee more or less moves the share by about 5 points. First grants averaged $20K; repeat grants $40K. How we count
Medians: $20K first-time, $23K repeat.
- 89% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+20%). Method
- In 2025 it paid out 95% 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 (2020–2025). 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 2020 to 2025, annual grant giving ranged from $463K (2021) to $794K (2024). In 2025 it made 19 grants totaling $731K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| First Presbyterian Church Concord, NC | Support | $165,000 |
| Rowan Cabarrus YMCA Concord, NC | Education | $125,000 |
| Cooperative Christian Ministry Concord, NC | General Operating | $120,000 |
| Boys and Girls Club of Cabarrus County Concord, NC | General Operating | $30,000 |
| Central North Carolina Council Boys Scouts of America Albemarle, NC | General Operating | $25,000 |
| Cvan Concord, NC | General Operating | $25,000 |
| Fellowship of Christian Athletes Kansas City, MO | General Operating | $25,000 |
| Samaritan's Purse Boone, NC | General Operating | $25,000 |
| Young Life Colorado Springs, CO | General Operating | $25,000 |
| Cannon School Concord, NC | General Operating | $21,000 |
Ready to take the next step with WCNC Cannon Charitable Trust?
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 | $4,756,205 | $1,159,720 | $855,201 | $731,000 | 19 | $731,000 | $1,062,980 | $767,221 |
| 2024 | $4,451,686 | $978,031 | $945,454 | $794,000 | 21 | $794,000 | $852,855 | $730,820 |
| 2023 | $4,419,109 | $962,116 | $759,314 | $670,000 | 23 | $670,000 | $893,895 | $643,764 |
| 2022 | $4,216,307 | $89,416 | $719,466 | $610,000 | 24 | $610,000 | $110,247 | $28,413 |
| 2021 | $4,846,357 | $511,889 | $565,854 | $462,500 | 19 | $462,500 | $467,359 | $614,327 |
| 2020 | $4,900,322 | $554,277 | $581,226 | $484,000 | 23 | — | $503,101 | $505,710 |
Under IRS private-foundation payout rules, WCNC Cannon Charitable Trust reported a distributable amount of $767K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grants went to organizations whose stated missions include youth development, education, literacy, therapeutic services, Christian ministry, and community support. For example, Boys and Girls Club of Cabarrus County describes its mission as helping young people reach their potential as productive, caring, responsible citizens. Cannon School describes its mission as providing a quality K–12 education in a safe, diverse, and challenging environment. Heart Math Tutoring says it works to help elementary students build a strong math foundation and enthusiasm for academics through school-based volunteer tutoring.
Other 2025 grantees describe their missions as providing spiritual and physical aid to people in need (Samaritan’s Purse), leading coaches and athletes into a relationship with Jesus Christ and the church (Fellowship of Christian Athletes), and providing therapeutic services to people with special needs (RideAbility Therapeutic Riding Center).
Grantmaking
In 2025, the trust reported 19 grants totaling $731,000. Grant amounts ranged from $5,000 to $165,000, with a median grant of $21,000. The largest awards included $165,000 to First Presbyterian Church in Concord, North Carolina, for support; $125,000 to Rowan Cabarrus YMCA in Concord for education; and $120,000 to Cooperative Christian Ministry in Concord for general operating costs. Other grants included $30,000 to Boys and Girls Club of Cabarrus County and $25,000 each to Central North Carolina Council Boys Scouts of America, CVAN, Fellowship of Christian Athletes, Samaritan’s Purse, and Young Life.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Pinnacle Bank as trustee and William C Cannon Jr as co-trustee.
WCNC Cannon Charitable Trust's 2025 filing lists 2 officers; 1 of 2 officers listed in 2025 is compensated.
Officers on the 2025 filing
William C. Cannon Jr.
Co-Trustee
On filings since 2020
3 hrs/week
$31K (2020) → $36K (2025)
Pinnacle Bank
Trustee
On filings since 2021
1 hr/week
$5K (2021) → $0 (2025)
Former officers (2)
- Former: Wells Fargo (2021) — Trustee
- Former: Wells Fargo Bank N A (2020) — Trustee
Data from IRS Form 990 filings, 2020–2025. "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 $36K, to William C Cannon Jr (Co-Trustee).
Frequently asked questions about WCNC Cannon Charitable Trust
How much does WCNC Cannon Charitable Trust give each year?
WCNC Cannon Charitable Trust gave $731K across 19 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $794K across 21 grants.
What is WCNC Cannon Charitable Trust's typical grant size?
WCNC Cannon Charitable Trust's median grant in 2025 was $21,000, and its average grant was $38,474, across 19 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from WCNC Cannon Charitable Trust that year got $20K on average.
Where does WCNC Cannon Charitable Trust give grants?
WCNC Cannon Charitable Trust gives mostly in North Carolina: 90% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Concord, NC (9 grants) and Charlotte, NC (2 grants).
Does WCNC Cannon Charitable Trust give general operating support?
Yes: 89% of WCNC Cannon Charitable Trust's 2025 grants with a stated purpose (17 of 19) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are WCNC Cannon Charitable Trust's largest grantees?
WCNC Cannon Charitable Trust's largest 2025 grantees include First Presbyterian Church ($165,000), Rowan Cabarrus YMCA ($125,000) and Cooperative Christian Ministry ($120,000), according to its 2025 IRS Form 990-PF. Together they received 56% of its itemized 2025 grant dollars.
How large is WCNC Cannon Charitable Trust?
WCNC Cannon Charitable Trust reported $4.8M in total assets on its 2025 IRS Form 990-PF. It paid out $731K in qualifying distributions that year, against a required minimum of $767K (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 WCNC Cannon Charitable Trust fund?
No mission statement for the foundation is provided. Its 2025 grants went to organizations whose stated missions include youth development, education, literacy, therapeutic services, Christian ministry, and community support. See mission & focus areas ↑
How do I apply for a grant from WCNC Cannon Charitable Trust?
The foundation does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is WCNC Cannon Charitable Trust's EIN?
WCNC Cannon Charitable Trust's EIN (Employer Identification Number) is 25-6893619. IRS Form 990 filing data is available on this page for 2020–2025.
Does WCNC Cannon Charitable Trust 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
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS August 27, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in WCNC Cannon Charitable Trust's focus areas in our free grants database
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Cite this profile
Grantable. (2026). WCNC Cannon Charitable Trust funder profile. GrantGraph. Retrieved October 15, 2026, from https://grantable.co/funders/wcnc-cannon-charitable-trust-morg_d8b55454e70245d2851f201ba64331f2
BibTeX
@misc{grantable_256893619_2026,
author = {{Grantable}},
title = {{WCNC Cannon Charitable Trust funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/wcnc-cannon-charitable-trust-morg_d8b55454e70245d2851f201ba64331f2},
note = {Accessed 2026-10-15. 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 WCNC Cannon Charitable Trust'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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