Wcnc Cannon Charitable Trust
The WCNC Cannon Charitable Trust is a private foundation established in 2007 and based in High Point, North Carolina. The trust is also known as the William Coltrane and Norma Craft Cannon foundation. As a 501(c)(3) organization, it operates as a grantmaking foundation focused on supporting charitable organizations through general operating support and educational grants.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.5M
+0.7% YoY
Annual Giving
$794K
+18.5% YoY
Grant Count
21
-8.7% YoY
Avg Grant Size
$38K
+29.8% YoY
Under IRS private-foundation payout rules, Wcnc Cannon Charitable Trust reported a distributable amount of $731K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The trust primarily funds general operating support, general purpose grants, and education initiatives. Recent grantmaking demonstrates a broad charitable focus spanning multiple sectors including humanitarian relief, healthcare access, youth development, and community services.
Grantmaking
The trust made 23 grants in 2024, with recent recipients including:
Grant Range
s range from $22,000 to $50,000 based on recent activity. The trust provides general operating support to its grantees.
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Geographic Focus
Where this funder awards grants
The trust primarily funds organizations in North Carolina, with a particular concentration in the Cabarrus County and surrounding regions including High Point and Concord areas.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $4,451,686
- Total Revenues: $978,031
- Total Expenses: $945,454
- Number of Employees: 0
The trust maintains a healthy asset base and distributes approximately $945,000 annually in expenses, primarily through grantmaking activities.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,451,686 | $4,419,109 | $4,216,307 |
| Revenue | $978,031 | $962,116 | $89,416 |
| Expenses | $945,454 | $759,314 | $719,466 |
| Qualifying Distributions | $794,000 | $670,000 | $610,000 |
| Net Investment Income | $852,855 | $893,895 | $110,247 |
| Distributable Amount | $730,820 | $643,764 | $28,413 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
110 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Cooperative Christian Ministry ($165,000), Rowan Cabarrus Ymca ($125,000), American Red Cross ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AUGSTINE LITERACY PROJECT CHARLOTTE, NC | GENERAL OPERATING | $20,000 |
| AUSTISM SOCIETY OF NORTH CAROLINA RALEIGH, NC | GENERAL OPERATING | $20,000 |
| BOYS AND GIRLS CLUB OF CABARRUS COUNTY CONCORD, NC | GENERAL OPERATING | $22,000 |
| CABARRUS COUNTY MEALS ON WHEELS CONCORD, NC | GENERAL OPERATING | $20,000 |
| ROWAN CABARRUS YMCA CONCORD, NC | EDUCATION | $125,000 |
| CENTRAL NORTH CAROLINA COUNCIL BOYS SCOUTS OF AMERICA ALBEMARLE, NC | GENERAL OPERATING | $22,000 |
| CONCORD BIBLE TEACHING ASSOCIATION CONCORD OPERATING BUDGET CONCORD, NC | GENERAL OPERATING | $10,000 |
| COOPERATIVE CHRISTIAN MINISTRY CONCORD, NC | GENERAL OPERATING | $165,000 |
| DREAMON3 CHARLOTTE, NC | GENERAL OPERATING | $40,000 |
| FELLOWSHIP OF CHRISTIAN ATHLETES KANSAS CITY, MO | GENERAL OPERATING | $20,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
William Cannon serves as Trustee of the organization, with compensation of $33,212 as of October 2024.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PINNACLE BANK | TRUSTEE | 1 | — |
| WILLIAM C CANNON JR | CO-TRUSTEE | 3 | $37,569 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Wcnc Cannon Charitable Trust fund?
The trust primarily funds general operating support, general purpose grants, and education initiatives. Recent grantmaking demonstrates a broad charitable focus spanning multiple sectors including humanitarian relief, healthcare access, youth development, and community services.
How do I apply for a grant from Wcnc Cannon Charitable Trust?
The trust made 23 grants in 2024, with recent recipients including: • **Samaritan's Purse**: $50,000 (General Operating) • **Community Free Clinic**: $25,000 (General Operating) • **Boy Scouts of America - 416 Central North Carolina Council**: $22,000 (General Operating) Grant sizes range from $22,000 to $50,000 based on recent activity. The trust provides general operating support to its grantees.
Where does Wcnc Cannon Charitable Trust make grants?
The trust primarily funds organizations in North Carolina, with a particular concentration in the Cabarrus County and surrounding regions including High Point and Concord areas.
What size grants does Wcnc Cannon Charitable Trust award?
In 2024, Wcnc Cannon Charitable Trust awarded 21 grants totaling $794K — an average of about $38K per grant, based on its IRS Form 990 filings.
How much is Wcnc Cannon Charitable Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Wcnc Cannon Charitable Trust reported a distributable amount of $731K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in Wcnc Cannon Charitable Trust's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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