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Charles A Cannon Charitable Trust N0 One is a private trust based in CONCORD, NC. The foundation received its IRS ruling in 1981. The principal officer is Pinnacle Bank Ttee. It holds total assets of $138.4M. Annual income is reported at $68.6M. The foundation is governed by 5 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2021 to 2024. The foundation primarily funds organizations in North Carolina and South Carolina. According to available records, Charles A Cannon Charitable Trust N0 One has made 296 grants totaling $40.2M, with a median grant of $40K. Annual giving has grown from $12.9M in 2021 to $27.3M in 2022. Individual grants have ranged from $2K to $5.4M, with an average award of $136K. The foundation has supported 141 unique organizations. Grants have been distributed to organizations in North Carolina and South Carolina. Contributions to this foundation are tax-deductible.
Smallest Grant
$2K
Median Grant
$40K
Average Grant
$128K
Largest Grant
$5.4M
Based on 107 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Charles A Cannon Charitable Trust N0 One primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 296 grants. Its grantmaking reaches organizations primarily in NC, SC.
Charles A Cannon Charitable Trust N0 One has distributed a total of $40.2M across 296 grants. The median grant size is $40K, with an average of $136K. Individual grants have ranged from $2K to $5.4M.
Charles A Cannon Charitable Trust N0 One typically selects its grantees rather than accepting unsolicited proposals.
Charles A Cannon Charitable Trust N0 One is headquartered in CONCORD, NC. While based in NC, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Britt Leatherman | TRUSTEE | $219K | $0 | $219K |
| Joseph C Hunter | TRUSTEE/SECRETARY | $219K | $0 | $219K |
| Edwin S Outen | TRUSTEE/VICE-PRESIDENT | $219K | $0 | $219K |
| William C Cannon Jr | TRUSTEE/PRESIDENT | $219K | $0 | $219K |
| Pinnacle Financial Partners | TRUSTEE | $202K | $0 | $202K |
Total Giving
$17.8M
Total Assets
$141.6M
Fair Market Value
N/A
Net Worth
$141.6M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
$18.7M
Distribution Amount
$17.3M
Total Grants
296
Total Giving
$40.2M
Average Grant
$136K
Median Grant
$40K
Unique Recipients
141
Most Common Grant
$25K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Carolinas Medical Center-NortheastREQUIRED 40% DISTRIBUTION | Concord, NC | $5.4M | 2022 |
| Boys And Girls Club Of Cabarrus County IncOPERATIONAL, FACILITY, TRANSPORTATION SUPPORT AND BUS PURCHASES | Concord, NC | $350K | 2022 |
| Wingate UniversityCAMPAIGN UNRESTRICTED SUPPORT | Wingate, NC | $300K | 2022 |
| Lenoir-Rhyne UniversityHVAC IN PE MONROE AUDITORIUM | Hickory, NC | $300K | 2022 |
| Stanly Community College Foundation IncCATERPILLAR 953 TRACK LOADER AND PERSONAL SAFETY/TRAINING EQUIPMENT | Albemarle, NC | $270K | 2022 |
| Appalachian Regional Healthcare System IncRE-IMAGINED ARHS PAUL H. BROYHILL WELLNESS CENTER | Boone, NC | $250K | 2022 |
| Cabarrus County - LibraryLIBRARY SYSTEM ENHANCEMENT PROJECTS | Concord, NC | $250K | 2022 |
| Lees-Mcrae College IncorporatedINFRASTRUCTURE ENHANCEMENTS | Banner Elk, NC | $201K | 2022 |
| Pfeiffer UniversityCAPITAL IMPROVEMENTS AND MARKETING CAMPAIGN SUPPORT | Misenheimer, NC | $200K | 2022 |
| Brevard College CorporationIMPROVING THE CAMPUS LIVING-LEARNING ENVIRONMENT | Brevard, NC | $200K | 2022 |
| Catawba CollegeIT A/V & FIBER NETWORK UPGRADES | Salisbury, NC | $200K | 2022 |
| Rowan-Cabarrus Community College Foundation IncAUDITORIUM RENOVATION | Salisbury, NC | $200K | 2022 |
| Livingstone CollegeDUNCAN SCIENCE BUILDING | Salisbury, NC | $200K | 2022 |
| Rowan Regional Medical Center Foundation IncCAFE RENOVATIONS | Salisbury, NC | $200K | 2022 |
| Hope ChapelROOF, WINDOWS, DOORS AND EXTERIOR WALLS | Concord, NC | $150K | 2022 |