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
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
No grants recorded for .
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
Related Funders
Similar funders by location and focus area
The Hillbrook Gkp Iii Foundation Inc
GREENSBORO, NC
Assets
$32K
Grants
1
Total Given
$2K
Rotary Club of Salisbury Charities
SALISBURY, NC
Assets
$39K
Grants
1
Total Given
$50K
Ihope Foundation
GREENSBORO, NC
Assets
$10K
Grants
1
Total Given
$20K
Orange County Partnership for Young
HILLSBOROUGH, NC
Assets
$477K
Grants
18
Total Given
$2.1M
North Carolina Baptist Hospital
WINSTONSALEM, NC
Assets
$2.8B
Grants
17
Total Given
$634K
The Anne Shuford Mcbryde
ASHEVILLE, NC
Assets
$970K
Grants
19
Total Given
$49K
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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