The David Belk Cannon Foundation
Preselected recipients only
The David Belk Cannon Foundation is a private foundation in Gastonia, North Carolina. In tax year 2024 it gave $9.2 million in 40 grants; the typical grant was $52,500 and the largest $1.5 million. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$9.2 million
- Number of grants40
- Typical grant$52,500
- Largest grant$1.5 million
- Assets$133 million
- New grantees28%
Giving in 2024 was up from $3.3 million the year before.
28% of its 2024 grantees had not received a grant from it the year before, a mix of repeat and new grantees.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $3.3 million | 45 | $126 million |
| 2024 | $9.2 million | 40 | $133 million |
How to apply
The David Belk Cannon Foundation 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.
What The David Belk Cannon Foundation funds
Where it gives
Its grants went to recipients in 5 states, the most to North Carolina.
| State | Grants | Amount |
|---|---|---|
| North Carolina | 33 | $5.2 million |
| Virginia | 4 | $727,500 |
| Massachusetts | 1 | $150,000 |
| New York | 1 | $40,000 |
| District of Columbia | 1 | $25,000 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Gaston Community Foundation | New Hope Business District | $1.5 million |
| Gaston Day School | Board Directed, Construction of new upper school building | $892,000 |
| Gaston Community Foundation | DBC Donor Advised Fund, Rankin Fund, Strategic Planning | $543,600 |
| The Conservation Fund | Conservation Fund's Carolina Farms Fund Project | $500,000 |
| Daniel Stowe Botanical Garden | Support Phase 1 projects in DSBG's strategic plan | $300,000 |
| Covenant Village | Outdoor Pavillion & Driveway/Parking Lot Improvements | $250,000 |
| Christ Church Charlotte | Transforming Hearts, Changing Lives campaign | $250,000 |
| Gaston County Family YMCA | Capital Campaign | $200,000 |
| Saint Mary's School | Construction | $166,666 |
| Year Up | Support program to prepare career-ready talent for local employers | $150,000 |
| Schiele Museum of Natural History | Support New Dinosaur Exhibit | $150,000 |
| Woodberry Forest School | Scholarships | $125,000 |
| Kintegra Health | New facility in Bessemer City, NC | $125,000 |
| Community Foundation of Western NC | Hurricane Helene relief | $125,000 |
| Christ School | Support Endowed DBC Scholarship | $100,000 |
| Boys Girls Clubs of Greater Gastoni | Dancing for Future Stars | $95,000 |
| Charlotte Mecklenburg Dream Center | Housing Development and Community Center | $83,333 |
| Dream Center Academy | Operating Support | $75,000 |
| Union Presbyterian Seminary | John & Missy Kuykendall VP for Dean of Students | $62,500 |
| Kenan-Flagler Business School | Board Directed, Other | $55,000 |
| Presbyterian Psychological Services | Operating support | $50,000 |
| National MS Society | Walk MS 2024 | $40,000 |
| Randolph-Macon Academy | Scholarship support | $40,000 |
| Crisis Assistance Ministry | Operating Support | $25,000 |
| Philanthropy Roundtable | Operating Support | $25,000 |
| Socks | Operating Support | $25,000 |
| Salvation Army | Operating Support | $25,000 |
| United Way of Gaston County | Operating Support | $25,000 |
| Buncombe County Schools Foundation | School counseling efforts | $25,000 |
| Public Ed Works | Operating support | $25,000 |
| With Friends Inc | Operating support | $25,000 |
| Gaston Literacy Council | Children's books, Sponsor for luncheon | $21,500 |
| Madelyn's Fund | Operating support | $20,000 |
| Christian Prayer and Healing Center | Board Directed, Operating Support | $13,000 |
| Hope United Survivor Network | Operating support | $10,000 |
| First ARP Church | Board directed | $5,000 |
| Foundation for the Carolinas | Board directed, Jenner V. Foundation Fund | $2,500 |
| Wing Haven | Board directed | $2,500 |
| Stable Resources | Board Directed | $2,000 |
| Carolina Wildlife Conservation Cent | Operating Support | $1,500 |
Officers and trustees
- Annabelle Kelly
- Eugene R Matthews II
- Ben F Matthews III
- Mary M Vaughn
- Dr Richard E Rankin Jr
- Tamara Burrell
Questions people ask
Does The David Belk Cannon Foundation accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does The David Belk Cannon Foundation give?
$9.2 million in tax year 2024, across 40 grants, with a typical grant of $52,500.
Who runs The David Belk Cannon Foundation?
Its 2024 filing lists Annabelle Kelly (Asst Secretary), Eugene R Matthews II (Chair & CEO), Ben F Matthews III (Vice Chairman) and Mary M Vaughn (Secretary) among 6 officers and trustees.
What does The David Belk Cannon Foundation fund?
Based on its grants, mainly community development, education and environment and conservation.