Charles A Cannon Trust No 1
Preselected recipients only
Charles A Cannon Trust No 1 is a private foundation in Concord, North Carolina. In tax year 2025 it gave $16.9 million in 133 grants; the typical grant was $48,000 and the largest $6.4 million. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2025.
- Grants paid, 2025$16.9 million
- Number of grants133
- Typical grant$48,000
- Largest grant$6.4 million
- Assets$415 million
- New grantees61%
Giving in 2025 was down from $17.7 million the year before.
61% of its 2025 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2022 | $17.4 million | 123 | $325 million |
| 2023 | $14.8 million | 113 | $393 million |
| 2024 | $17.7 million | 85 | $401 million |
| 2025 | $16.9 million | 133 | $415 million |
How to apply
Charles A Cannon Trust No 1 says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
Foundation website IRS filings on ProPublica
What Charles A Cannon Trust No 1 funds
Where it gives
Its grants went to recipients in 2 states, the most to North Carolina.
| State | Grants | Amount |
|---|---|---|
| North Carolina | 108 | $15.8 million |
| South Carolina | 25 | $1.0 million |
Grants paid in 2025
| Recipient | Purpose | Amount |
|---|---|---|
| The Charlotte-Mecklenburg Hospital Authority | Required 40% distribution - atrium cabarrus | $6.4 million |
| Cabarrus Cooperative Christian Ministry Inc | The rebuilder's campus - phase 1 | $500,000 |
| Rowan-Cabarrus Young Men's Christian Association | New harrisburg YMCA (capital project) | $400,000 |
| Western Piedmont Foundation Inc | Federal pacific electrical panel replacement | $400,000 |
| Brevard College Corporation | Green hall updates and renovations | $400,000 |
| Appalachian State University Foundation Inc | Cannon music camp: scholarships, salary, & endowment | $349,000 |
| Stanly County Family YMCA | Albemarle renovation ($300,000) & campaign consulting ($35,000) | $335,000 |
| Public Health Authority of Cabarrus County | Brown mill renovation | $300,000 |
| Wingate University | Hvac chiller replacement for batte center | $290,428 |
| Montgomery Community College Foundation Inc | Dental hygiene classroom lab upfit & supplies | $250,000 |
| University of Mount Olive Inc | Safety project: kornegay bleachers | $250,000 |
| Atrium Health Foundation | The pearl | $250,000 |
| Rowan Regional Medical Center Foundation Inc | Enhancing public safety at novant health rowan medical center | $249,754 |
| Rowan-Cabarrus Community College Foundation Inc | Expanding advanced manufacturing pathways - leverage grant with the golden leaf foundation | $200,000 |
| Methodist University Inc | Berns student center hvac replacement | $200,000 |
| Boys and Girls Club of Cabarrus County Inc | 2025-26 operating support | $200,000 |
| Lees-McRae College Incorporated | Extensive and essential interior renovation of avery residence hall | $200,000 |
| Isothermal Community College Foundation Inc | Av equipment for the health & sciences center | $200,000 |
| Mayland Community College Foundation | Hvac at health sciences building & hurricane helene relief | $197,500 |
| Foundation of the Caldwell Community College and Technical Institute | Roof replacement on the john a. Forlines jr. Building | $187,000 |
| Tri-County Technical College Foundation Inc | Central corridor project (phase 2) | $150,000 |
| Surry Community College Foundation | Automotive classroom upgrades | $150,000 |
| Catawba College | Shuford science elevator (partial reimbursement) and hoke hall server room | $150,000 |
| Barton College | Stephenson apartments roof replacement, roma hackney music building chiller & hamlin student center roof replacement | $150,000 |
| Piedmont Community College Foundation Inc | Phone system upgrade & doors for administration building | $145,000 |
| South Piedmont Community College Foundation Inc | Martin technology center roof replacement | $140,000 |
| Alamance Community College Foundation Inc | Rekeying project | $100,000 |
| Southwestern Community College Foundation Inc | Dental simulation equipment for new dental hygiene program | $100,000 |
| Carteret Community College Foundation Inc | One door to better serve & empower our students | $100,000 |
| Lenoir-Rhyne University | Rudisill library renovation | $100,000 |
| Fayetteville Technical Community College Foundation Inc | Fayetteville tech building trades center | $100,000 |
| Allison Creek Presbyterian Church | Raise & resurface the gym floor | $90,000 |
| First Presbyterian Church of Burlington North Carolina Inc | Debt retirement project | $85,000 |
| Macedonia Missionary Baptist Church | Roof replacement | $84,000 |
| Parkwood Baptist Church | Sanctuary renovation & avl upgrade | $80,000 |
| Beaufort County Community College Foundation | Nursing simulation lab renovation | $80,000 |
| Gaston College Foundation Inc | Medical sonography | $75,123 |
| Carolina Presbyterian Church | Gym debt reduction | $75,000 |
| Central United Methodist Church | Partial reimbursement: sanctuary roof replacement | $75,000 |
| First Lutheran Church | Phase ii: sanctuary preservation | $75,000 |
Officers and trustees
- William C Cannon Jr
- Edwin S Outen
- Joseph C Hunter
- Britt Leatherman
- Pinnacle Financial Partners
Questions people ask
Does Charles A Cannon Trust No 1 accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does Charles A Cannon Trust No 1 give?
$16.9 million in tax year 2025, across 133 grants, with a typical grant of $48,000.
Who runs Charles A Cannon Trust No 1?
Its 2025 filing lists William C Cannon Jr (Trustee/President), Edwin S Outen (Trustee/Vice-President), Joseph C Hunter (Trustee/Secretary) and Britt Leatherman (Trustee) among 5 officers and trustees.
What does Charles A Cannon Trust No 1 fund?
Based on its grants, mainly health, faith communities and education.