The Cannon Foundation

Private foundation · EIN 56-6042532 · since 1948cannonfoundation.org·North Carolina·Updated 13 October 2026

At a glance

$14.6M
Annual giving, 2024 tax year
From the Form 990-PF filing
$10,000 to $150k
Grant range
From grants in the 990-PF filings
$50,000
Typical grant (median)
217 grants in the latest filing
Open to applications
Fixed application deadlines · unsolicited applications welcome

Key takeaways

  • The Cannon Foundation funds capital and equipment projects in North Carolina, covering human services, higher education, healthcare and community work, so it suits organisations with a facilities or equipment project rather than running costs.
  • A realistic request sits in the $10,000–$150,000 range, where about eight in ten of its 588 grants fall; the median grant is $50,000, so a request near that figure is a sensible starting point.
  • To approach it, complete its Inquiry Form, having gathered up to three project quotes, a project budget and an estimated timeline, and expect a call with the Program Officer and, often, a site visit.
  • Applications follow quarterly deadlines in March, June, September and December, so begin the inquiry process at least 90 days beforehand; with 30% of grant dollars going to organisations it had also funded in the two previous filings, there is room for both new and repeat applicants.
  • Organisations need five years of operating history and significant operations in North Carolina, with projects completed within 12–18 months of funding, so those without this history or scope, or with projects other than capital and infrastructure work, should not apply.

Overview

The Cannon Foundation is a US private foundation based in Concord, NC.

What they fund

Profile derived from the foundation's IRS Form 990-PF filings (TY2024, TY2023, TY2022) and its website, with every statement checked against those sources. Sources read on 7 October 2026.

Priority Areas

The Cannon Foundation funds capital and equipment projects for organisations across North Carolina. Its stated areas of focus are human services, higher education, healthcare and community. It considers capital and infrastructure projects; eligible organisations have five years of operating history and significant operations in North Carolina. Projects must be completed within 12–18 months of funding, and an organisation may be considered every other year once any prior grants are fully completed. Its recorded awards include community ministries and food pantries, colleges, healthcare providers, churches and local public bodies, for facility, equipment and service projects.

Themes

  • Human services
  • Higher education
  • Healthcare
  • Community

Geographic Focus

North Carolina.

What They Don't Fund

  • Projects other than capital and infrastructure projects
  • Nonprofits with less than five years of operating history
  • Organizations without significant operations in NC
  • Projects not completed within 12-18 months of grant funding

How to apply

Organisations complete an Inquiry Form; after review, the Program Officer arranges a call to discuss the project.

Deadlines: Quarterly application deadlines fall in March, June, September and December; begin the inquiry process at least 90 days beforehand.

Application success factors

  • Repeat giving: In its TY2024 filing, 30% of its grant dollars to organisations went to organisations it had also funded in its TY2022 or TY2023 filing.
  • Grant size: Across its TY2022, TY2023 and TY2024 filings, half of its 588 grants to organisations were $50,000 or less.

What the foundation says:

  • Applicants should gather up to three project quotes, a project budget and an estimated timeline before completing the Inquiry Form.
  • A site visit is often requested during the application process.

Where grants go

From grants to organisations in the foundation’s filings for tax years 2022–2024.

Grant dollars by state

North Carolina97%
Virginia<1%
South Carolina<1%
Georgia<1%
District of Columbia<1%
Alabama<1%

4 other states: <1%

  • The largest single recipient received 3% of grant dollars to organisations.
  • In tax year 2024, 30% of grant dollars went to organisations The Cannon Foundation had funded in earlier filings.
  • No grants were paid directly to organisations outside the US.
  • <1% of grant dollars went to intermediaries that regrant to other organisations.

Grants

217 grants in the latest filing analysed · median $50,000

How much do they typically give?

Share of 217 grants in tax year 2024 by size

$2.5k–$5k2%
$5k–$10k10%
$10k–$25k8%
$25k–$50k24%
$50k–$100k28%
$100k–$250k26%
$250k–$500k2%
$500k–$1M<1%

Median $50,000 (tax year 2024)

The largest grants to organisations in the foundation’s latest filing:

  • Cabarrus Cooperative Christian Ministry · To support the charitable mission of the recipient organization
    $500,0002024 tax year
  • Rowan-Cabarrus Young Men's Christian Association · New harrisburg ymca, kannapolis branch aquatics center renovation
    $400,0002024 tax year
  • Boys and Girls Club of the Tar River Region · Project dream
    $350,0002024 tax year
  • Public Health Authority of Cabarrus County · Kannapolis dental expansion
    $300,0002024 tax year
  • Center for Domestic Peace · To support the charitable mission of the recipient organization
    $250,0002024 tax year
  • Carolina SeniorCare · Accessibility to healthcare for low-income seniors
    $212,4332024 tax year
  • Young Mens Christian Association Blue Ridge Assembly · Phase one - cabin village construction
    $200,0002024 tax year
  • Atrium Health Foundation · To support the charitable mission of the recipient organization
    $166,6672024 tax year

Grants to organisations listed in the foundation’s Form 990-PF filings. Grants to individuals are not shown.

Officers and directors

  • Suzanne Philemon — Executive Director
  • Brittian L Leatherman — Director
  • Elizabeth L Quick — Director
  • Janet Ward Black — Director
  • Winslow H Galloway — Director
  • Eugene W Cochrane Jr — Director
  • George W Liles Jr — Director / Secretary
  • William M Connolly — Director / Treasurer
  • Edward K Prewitt Jr — Director / Vice President
  • William C Cannon Jr — Director / President

From the latest Form 990-PF filing

3 years of tax filings

YearTotal expensesGrants paidAssetsFiling document
2022 tax year$13,683,228$11,483,245$273,257,280Filing for 2022 tax year
2023 tax year$17,771,070$12,718,633$329,446,542Filing for 2023 tax year
2024 tax year$16,429,893$14,576,978$351,719,598Filing for 2024 tax year

Figures from the foundation’s IRS Form 990-PF filings. Assets are at fair market value at year end. The document icon links to each year’s filing on ProPublica Nonprofit Explorer.

Sources

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