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The David Belk Cannon Foundation is a private corporation based in GASTONIA, NC. The foundation received its IRS ruling in 2002. The principal officer is Tamara D Burrell Ex Dir. It holds total assets of $132.5M. Annual income is reported at $60.2M. The foundation is governed by 6 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 2024. The foundation primarily funds organizations in North Carolina and South Carolina. According to available records, The David Belk Cannon Foundation has made 153 grants totaling $21.6M, with a median grant of $35K. Annual giving has decreased from $16M in 2022 to $5.6M in 2023. Individual grants have ranged from $2K to $1.1M, with an average award of $141K. The foundation has supported 53 unique organizations. The foundation primarily supports organizations in North Carolina, Virginia, Massachusetts, which account for 90% of all grants. Grantmaking reaches organizations across 8 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$2K
Median Grant
$50K
Average Grant
$144K
Largest Grant
$1M
Based on 39 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.
The David Belk Cannon Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 153 grants. Its grantmaking reaches organizations primarily in NC, VA, MA.
The David Belk Cannon Foundation has distributed a total of $21.6M across 153 grants. The median grant size is $35K, with an average of $141K. Individual grants have ranged from $2K to $1.1M.
The David Belk Cannon Foundation typically selects its grantees rather than accepting unsolicited proposals. Must be a 501(c)(3).
The David Belk Cannon Foundation is headquartered in GASTONIA, NC. While based in NC, the foundation distributes grants to organizations across 8 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Eugene R Matthews Ii | Chair & CEO | $146K | $0 | $146K |
| Tamara Burrell | Executive Dir. | $120K | $0 | $120K |
| Dr Richard E Rankin Jr | Director | $21K | $0 | $21K |
| Ben F Matthews Iii | Vice Chairman | $20K | $0 | $20K |
| Annabelle Kelly | Asst Secretary | $13K | $0 | $13K |
| Mary M Vaughn | Secretary | $12K | $0 | $12K |
Total Giving
N/A
Total Assets
$132.5M
Fair Market Value
N/A
Net Worth
$126.2M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
153
Total Giving
$21.6M
Average Grant
$141K
Median Grant
$35K
Unique Recipients
53
Most Common Grant
$25K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Salvation ArmyOperating Support | Gastonia, NC | $25K | 2023 |
| Davidson CollegeCenter for Career Development | Davidson, NC | $1M | 2023 |
| Gaston Community FoundationNew Hope Business District | Gastonia, NC | $1M | 2023 |
| Gaston College FoundationFiber Innovation Center | Dallas, NC | $333K | 2023 |
| South Carolina Waterfowl AssociatioQuail & Wildlife Management Fellowship | Pinewood, SC | $167K | 2023 |
| Saint Mary'S SchoolConstruction | Raleigh, NC | $167K | 2023 |
| Kenan-Flagler Business SchoolBoard Directed, Other | Chapel Hill, NC | $155K | 2023 |
| Year UpCharlotte Region | Boston, MA | $150K | 2023 |
| Schiele Museum Of Natural HistorySupport New Dinosaur Exhibit | Gastonia, NC | $150K | 2023 |
| Woodberry Forest SchoolScholarships, Board Directed | Woodberry Forest, VA | $128K | 2023 |
| Gaston Christian SchoolTransforming Lives for God's Glory campaign | Gastonia, NC | $125K | 2023 |
| Kintegra HealthNew facility in Bessemer City, NC | Gastonia, NC | $125K | 2023 |
| Daniel Stowe Botanical GardenAssist with Cost of Rebranding | Belmont, NC | $100K | 2023 |
| Charlotte Mecklenburg Dream CenterHousing Development and Community Center | Charlotte, NC | $83K | 2023 |
| Boys Girls Club Of The Plateau IncHighlands Campaign | Cashiers, NC | $80K | 2023 |
| Dream Center AcademyOperating Support | Gastonia, NC | $75K | 2023 |
| Gaston Day SchoolBoard Directed | Gastonia, NC | $67K | 2023 |
| Union Presbyterian SeminaryJohn & Missy Kuykendall VP for Dean of Students | Richmond, VA | $63K | 2023 |
| Foundation For The CarolinasJenner V. Foundation Fund | Charlotte, NC | $53K | 2023 |
| Crisis Assistance MinistryOperating Support | Gastonia, NC | $50K | 2023 |
| Charlotte Neuroscience FoundationOperating Support | Charlotte, NC | $50K | 2023 |
| Christ SchoolScholarship Fund, Other | Arden, NC | $50K | 2023 |
| National Ms Society2022 Augusta Walk | New York, NY | $40K | 2023 |
| Boys Girls Clubs Of Greater GastoniDancing for Future Stars | Gastonia, NC | $34K | 2023 |
| SocksOperating Support | Belmont, NC | $25K | 2023 |
| Gaston County Family YmcaPledge to Plunge | Gastonia, NC | $25K | 2023 |
| Catawba Riverkeeper FoundationSouth Fork Watershed Mngr funding | Charlotte, NC | $25K | 2023 |
| Children'S Healthcare Of Atlanta FoChildren's art therapy | Atlanta, GA | $25K | 2023 |
| Philanthropy RoundtableOperating Support | Washington, DC | $25K | 2023 |
| United Way Of Gaston CountyOperating Support | Gastonia, NC | $25K | 2023 |
| Holy Angels IncOperating Support | Belmont, NC | $25K | 2023 |
| Higher Education Works FoundationUNC college system | Raleigh, NC | $25K | 2023 |
| Randolph-Macon AcademyAnnual Fund | Front Royal, VA | $20K | 2023 |
| Gaston Literacy CouncilMeet the Author Luncheon | Gastonia, NC | $20K | 2023 |
| Mount Holly Farmers MarketOperating Support | Mount Holly, NC | $15K | 2023 |
| Christian Prayer And Healing CenterBoard Directed, Operating Support | Gastonia, NC | $12K | 2023 |
| Charlotte Master ChoraleChristmas Concert | Matthews, NC | $10K | 2023 |
| West Blvd MinistryProgramming | Charlotte, NC | $10K | 2023 |
| Charlie'S Angels Animal RescueOperating Support | Fletcher, NC | $5K | 2023 |
| Carolina Wildlife Conservation CentOperating Support | Iron Station, NC | $3K | 2023 |
| Stable ResourcesBoard Directed | Gastonia, NC | $2K | 2023 |
| First Arp ChurchOrphan Care Iniative | Gastonia, NC | $2K | 2023 |
| Montreat Conference CenterNew Lodge Facility | Montreat, NC | $1M | 2022 |