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Charles A Cannon Charitable Trust No 3 is a private trust based in CONCORD, NC. The foundation received its IRS ruling in 1979. It holds total assets of $31.6M. Annual income is reported at $6.7M. Total assets have grown from $12.5M in 2013 to $26.8M in 2023. 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 2017 to 2023. The foundation primarily funds organizations in North Carolina and South Carolina. According to available records, Charles A Cannon Charitable Trust No 3 has made 15 grants totaling $3.3M, with a median grant of $175K. Annual giving has grown from $956K in 2020 to $2.4M in 2022. Individual grants have ranged from $100K to $473K, with an average award of $221K. The foundation has supported 7 unique organizations. Grants have been distributed to organizations in North Carolina and South Carolina. Contributions to this foundation are tax-deductible.
Smallest Grant
$100K
Median Grant
$175K
Average Grant
$191K
Largest Grant
$382K
Based on 5 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 No 3 primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 15 grants. Its grantmaking reaches organizations primarily in NC, SC.
Charles A Cannon Charitable Trust No 3 has distributed a total of $3.3M across 15 grants. The median grant size is $175K, with an average of $221K. Individual grants have ranged from $100K to $473K.
Charles A Cannon Charitable Trust No 3 typically selects its grantees rather than accepting unsolicited proposals.
Charles A Cannon Charitable Trust No 3 is headquartered in CONCORD, NC. While based in NC, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Joseph C Hunter | TRUSTEE, SECRETARY | $17K | $0 | $17K |
| William C Cannon Jr | TRUSTEE, PRESIDENT | $17K | $0 | $17K |
| Edwin S Outen | TRUSTEE, VICE-PRESIDENT | $17K | $0 | $17K |
| Britt Leatherman | TRUSTEE | $15K | $0 | $15K |
| Pinnacle Financial Partners | TRUSTEE | $15K | $0 | $15K |
Total Giving
$1.4M
Total Assets
$26.8M
Fair Market Value
$26.8M
Net Worth
$26.8M
Grants Paid
$1.1M
Contributions
N/A
Net Investment Income
$1.7M
Distribution Amount
$1.2M
Total: $26.7M
Total Grants
15
Total Giving
$3.3M
Average Grant
$221K
Median Grant
$175K
Unique Recipients
7
Most Common Grant
$100K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Duke UniversityREQUIRED 40% DISTRIBUTION | Durham, NC | $473K | 2022 |
| Converse UniversitySWIMMING POOL RENOVATIONS | Spartanburg, SC | $297K | 2022 |
| Davidson CollegePERSONNEL SUPPORT: ADDITIONAL MENTAL HEALTH COUNSELOR | Davidson, NC | $175K | 2022 |
| Lenoir-Rhyne UniversityELEVATOR REPAIR IN STUDENT UNION & HVAC REPLACEMENT (UPSTAIRS OF BEAM DORM) | Columbia, SC | $137K | 2022 |
| Queens University Of CharlotteMARIAM CANNON HAYES EDUCATIONAL ENDOWMENT | Charlotte, NC | $100K | 2022 |
| Converse CollegeMONTGOMERY STUDENT CENTER | Spartanburg, SC | $184K | 2020 |
| Queens UniversityMARIAM HAYES EDUCATIONAL | Charlotte, NC | $100K | 2020 |