Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2019
Open to Public Inspection
For calendar year 2019, or tax year beginning 10-01-2017 , and ending 09-30-2018
Name of foundation
THE CANNON FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 548
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CONCORD, NC280260548
A Employer identification number

56-6042532
B Telephone number (see instructions)

(704) 786-8216
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$252,546,242J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 4,748,554 4,748,554  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 13,235,478
b Gross sales price for all assets on line 6a 87,537,736
7 Capital gain net income (from Part IV, line 2)... 13,235,478
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 17,984,032 17,984,032  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 288,000 43,200   244,800
14 Other employee salaries and wages...... 261,231 39,185   221,974
15 Pension plans, employee benefits....... 122,893 18,434   108,486
16a Legal fees (attach schedule)......... Click to see attachment 36,164 4,481   34,178
b Accounting fees (attach schedule)....... Click to see attachment 44,088 22,044   22,044
c Other professional fees (attach schedule).... Click to see attachment 1,099,909 944,222   149,706
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 535,888 4,284   24,277
19 Depreciation (attach schedule) and depletion... Click to see attachment 74,515 11,006  
20 Occupancy.............. 28,665 4,300   25,339
21 Travel, conferences, and meetings....... 63,278 0   54,015
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 59,255 4,992   53,308
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,613,886 1,096,148   938,127
25 Contributions, gifts, grants paid....... 10,691,500 10,336,500
26 Total expenses and disbursements. Add lines 24 and 25 13,305,386 1,096,148   11,274,627
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 4,678,646
b Net investment income (if negative, enter -0-) 16,887,884
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2019)
Form 990-PF (2019)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 855,316 1,269,325 1,269,325
2 Savings and temporary cash investments......... 5,195,875 3,569,996 3,569,996
3 Accounts receivable bullet52,064
Less: allowance for doubtful accounts bullet   128,293 52,064 52,064
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 55,982 18,710 18,710
10a Investments—U.S. and state government obligations (attach schedule) 19,521,455 Click to see attachment17,752,821 17,752,821
b Investments—corporate stock (attach schedule)....... 190,836,161 Click to see attachment213,295,185 213,295,185
c Investments—corporate bonds (attach schedule)....... 13,828,248 Click to see attachment14,025,524 14,025,524
11 Investments—land, buildings, and equipment: basis bullet3,054,244
Less: accumulated depreciation (attach schedule) bullet918,782 2,209,150 2,135,462 2,135,462
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment464,179 Click to see attachment427,155 Click to see attachment427,155
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 233,094,659 252,546,242 252,546,242
Liabilities 17 Accounts payable and accrued expenses.......... 170,046 150,876
18 Grants payable................. 650,000 1,005,000
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment1,154,999 Click to see attachment1,493,621
23 Total liabilities (add lines 17 through 22)......... 1,975,045 2,649,497
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 231,119,614 249,896,745
30 Total liabilities and net assets/fund balances (see instructions). 233,094,659 252,546,242
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
231,119,614
2
Enter amount from Part I, line 27a .....................
2
4,678,646
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
14,098,485
4
Add lines 1, 2, and 3 ..........................
4
249,896,745
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
249,896,745
Form 990-PF (2019)
Form 990-PF (2019)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES      
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 87,537,736   74,302,258 13,235,478
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       13,235,478
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 13,235,478
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2018 10,451,877 218,795,875 0.047770
2017 10,404,356 207,552,217 0.050129
2016 9,987,931 213,111,192 0.046867
2015 8,970,133 208,907,036 0.042938
2014 7,533,841 184,912,230 0.040743
2
Total of line 1, column (d) .....................
2
0.228447
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.045689
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......
4
239,382,738
5
Multiply line 4 by line 3......................
5
10,937,158
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
168,879
7
Add lines 5 and 6........................
7
11,106,037
8
Enter qualifying distributions from Part XII, line 4,.............
8
11,275,330
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2019)
Form 990-PF (2019)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 168,879
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 168,879
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 168,879
6 Credits/Payments:
a 2019 estimated tax payments and 2018 overpayment credited to 2019 6a 172,435
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 172,435
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 3,556
11 Enter the amount of line 10 to be: Credited to 2020 estimated taxBullet3,556 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNC
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2019 or the taxable year beginning in 2019? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletHTTP://WWW.CANNONFOUNDATION.ORG
    14
    The books are in care ofbulletVENETIA A SKAHEN EXECUTIVE DIRECT Telephone no.bullet (704) 786-8216

    Located atbullet52 SPRING STREET NWCONCORDNC ZIP+4bullet28025
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2019, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2019?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2019, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2019?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2019 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2019.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2019?
    4b
     
    No
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    WILLIAM C CANNON JR PRESIDENT
    20.00     		15,000 0 0
    PO BOX 548
    CONCORD,NC28026
    ROBERT C HAYES VICE PRESIDENT
    5.00     		15,000 0 0
    PO BOX 548
    CONCORD,NC28026
    WILLIAM M CONNOLLY SECRETARY
    5.00     		15,000 0 0
    PO BOX 548
    CONCORD,NC28026
    EDWARD K PREWITT JR TREASURER
    5.00     		15,000 0 0
    PO BOX 548
    CONCORD,NC28026
    EUGENE W COCHRANE JR DIRECTOR
    2.00     		15,000 0 0
    PO BOX 548
    CONCORD,NC28026
    WINSLOW H GALLOWAY DIRECTOR
    2.00     		15,000 0 0
    PO BOX 548
    CONCORD,NC28026
    THOMAS M GRADY DIRECTOR
    2.00     		15,000 0 0
    PO BOX 548
    CONCORD,NC28026
    GEORGE W LILES JR DIRECTOR
    2.00     		15,000 0 0
    PO BOX 548
    CONCORD,NC28026
    ELIZABETH L QUICK DIRECTOR
    2.00     		0 0 0
    PO BOX 548
    CONCORD,NC28026
    VENETIA A SKAHEN EXECUTIVE DIRECTOR
    40.00     		210,000 36,682 0
    PO BOX 548
    CONCORD,NC28026
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    5 EMPLOYEES PROFESSIONAL STAFF
    40.00     		343,600 94,026 0
    PO BOX 548
    CONCORD,NC28026
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    WELLS FARGO BANK NA INVEST. MGMT / CUSTODIAN 522,735
    401 N TRYON ST 2ND FLOOR
    CHARLOTTE,NC28288
    SILVERCREST ASSET MANAGEMENT GROUP INVESTMENT MGMT 208,769
    1330 AVENUE OF THE AMERICAS 38TH
    FLOOR
    NEW YORK,NY10019
    THE BOSTON COMPANY ASSET MGMT LLC INVESTMENT MGMT 154,427
    ONE BOSTON PLACE
    BOSTON,MA02108
    RAYMOND JAMESALEX BROWN INVESTMENT CONSULTING 60,606
    100 N MAIN ST STE 2400
    WINSTONSALEM,NC27101
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    237,889,604
    b
    Average of monthly cash balances.......................
    1b
    4,805,625
    c
    Fair market value of all other assets (see instructions)................
    1c
    332,931
    d
    Total (add lines 1a, b, and c).........................
    1d
    243,028,160
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    243,028,160
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    3,645,422
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    239,382,738
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    11,969,137
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    11,969,137
    2a
    Tax on investment income for 2019 from Part VI, line 5......
    2a
    168,879
    b
    Income tax for 2019. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    168,879
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    11,800,258
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    11,800,258
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    11,800,258
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    11,274,627
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    703
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    11,275,330
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    168,879
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    11,106,451
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2018     		(c)
    2018     		(d)
    2019
    1 Distributable amount for 2019 from Part XI, line 7 11,800,258
    2 Undistributed income, if any, as of the end of 2019:
    a Enter amount for 2018 only....... 10,011,149
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2019:
    a From 2014......  
    b From 2015......  
    c From 2016......  
    d From 2017......  
    e From 2018......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2019 from Part
    XII, line 4: bullet$ 11,275,330
    a Applied to 2018, but not more than line 2a 10,011,149
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2019 distributable amount..... 1,264,181
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2019. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2018. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2019. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2020 ..........     		10,536,077
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2014 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2020.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2015....  
    b Excess from 2016....  
    c Excess from 2017....  
    d Excess from 2018....  
    e Excess from 2019....  
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2019, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2019 (b) 2018 (c) 2017 (d) 2016
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    VENETIA SKAHEN EXECUTIVE DIRECTOR
    PO BOX 548
    CONCORD,NC28026
    (704) 786-8216
    bThe form in which applications should be submitted and information and materials they should include:
    SEE HTTP://CANNONFOUNDATION.ORG/
    cAny submission deadlines:
    SEE HTTP://CANNONFOUNDATION.ORG/
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    SEE HTTP://CANNONFOUNDATION.ORG/
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ADULT LIFE PROGRAMS INC
    POST OFFICE BOX 807
    HICKORY,NC28603     		NONE PC TRANSPORT VAN WITH LIFT 50,000
    ALL SAINT'S EPISCOPAL CHURCH
    525 LAKE CONCORD RD NE
    CONCORD,NC28025     		NONE PC DEBT REDUCTION 50,000
    AMERICAN CANCER SOCIETY INC
    250 WILLIAMS STREET
    ATLANTA,GA30303     		NONE PC HOPE LODGE FURNISHINGS 20,000
    ANGEL MEDICAL CENTER INC
    120 RIVERVIEW ST
    FRANKLIN,NC28734     		NONE PC HVAC REPLACEMENT 150,000
    APPALACHIAN REGIONAL HEALTHCARE SYSTEM INC
    POST OFFICE BOX 2600
    BOONE,NC28607     		NONE PC RADIATION ONCOLOGY EQUIPMENT 125,000
    ARMY HISTORICAL FOUNDATION INC
    2425 WILSON BLVD
    ARLINGTON,VA22201     		NONE PC MUSEUM CONSTRUCTION 50,000
    ARTS COUNCIL INCORPORATED WINSTON-SALEM ARTS COUNCIL
    251 N SPRUCE STREET
    WINSTONSALEM,NC27101     		NONE PC DIRECTOR DISCRETIONARY GRANT 5,000
    ASHE COUNTY SHARING CENTER INC
    P O BOX 705
    JEFFERSON,NC28640     		NONE PC VEHICLE AND EQUIPMENT PURCHASE 40,000
    ASHEVILLE MUSEUM OF SCIENCE
    43 PATTON AVENUE
    ASHEVILLE,NC28801     		NONE PC PARTITION FOR THE STEM LABORATORY 20,000
    ASSOCIATION FOR THE TEACHING OF BIBLE IN KANNAPOLIS PUBLIC SCHOOLS
    POST OFFICE BOX 987
    KANNAPOLIS,NC28082     		NONE PC INSTRUCTIONAL FUNDS 15,000
    ATRIUM HEALTH FOUNDATION
    208 EAST BOULEVARD
    CHARLOTTE,NC28203     		NONE PC OMNICELL PHARMACY TECHNOLOGY 50,000
    BARTON COLLEGE
    POST OFFICE BOX 5000
    WILSON,NC27893     		NONE PC WATER INFILTRATION REMEDIATION 175,000
    BEAUFORT COUNTY ARTS COUNCIL
    HISTORIC TURNAGE THEATRE 150 WEST
    MAIN STREET
    WASHINGTON,NC27889     		NONE PC HVAC REPAIRS 25,000
    BEAUFORT COUNTY POLICE ACTIVITIES LEAGUE INC
    201 AIRPORT ROAD WASHINGTON WARREN
    AIRPORT
    WASHINGTON,NC27889     		NONE PC TRANSPORTATION PROJECT 35,000
    BETHEL COLONY OF MERCY INC
    1675 BETHEL COLONY ROAD
    LENOIR,NC28645     		NONE PC RENOVATIONS 25,000
    BLACK MOUNTAIN HOME FOR CHILDREN YOUTH & FAMILIES INC
    80 LAKE EDEN ROAD
    BLACK MOUNTAIN,NC28711     		NONE PC NEW CONSTRUCTION AND UPGRADE EXISTING FACILITIES 75,000
    BOYS & GIRLS CLUBS OF THE PIEDMONT INC
    POST OFFICE BOX 6694
    STATESVILLE,NC28687     		NONE PC BUILDING UPGRADES 40,000
    BOYS AND GIRLS CLUB OF CABARRUS COUNTY INC
    POST OFFICE BOX 1405
    CONCORD,NC28026     		NONE PC DIRECTOR DISCRETIONARY GRANT 35,000
    BOYS AND GIRLS CLUB OF CABARRUS COUNTY INC
    POST OFFICE BOX 1405
    CONCORD,NC28026     		NONE PC FACILITY EXPANSION 500,000
    BOYS AND GIRLS HOMES OF NORTH CAROLINA INC
    POST OFFICE BOX 127
    LAKE WACCAMAW,NC28450     		NONE PC ROAD AND PARKING LOT PAVING 55,000
    BREVARD COLLEGE CORPORATION
    1 BREVARD COLLEGE DR
    BREVARD,NC28712     		NONE PC ACADEMIC BUILDING AND RESIDENCE HALL RENOVATIONS 150,000
    BREVARD MUSIC CENTER INCORPORATED
    PO BOX 312
    BREVARD,NC28712     		NONE PC CAFETERIA RENOVATION/ROAD PAVING 100,000
    BRUNSWICK FAMILY ASSISTANCE AGENCY INC
    POST OFFICE BOX 1551
    SHALLOTTE,NC28459     		NONE PC VEHICLE PURCHASE 15,000
    BURKE UNITED CHRISTIAN MINISTRIES
    305 W UNION ST STE B
    MORGANTON,NC28655     		NONE PC CAPITAL IMPROVEMENTS 50,000
    CABARRUS COOPERATIVE CHRISTIAN MINISTRY INC
    POST OFFICE BOX 1717
    CONCORD,NC28026     		NONE PC DIRECTOR DISCRETIONARY GRANT 5,000
    CABARRUS COOPERATIVE CHRISTIAN MINISTRY INC
    POST OFFICE BOX 1717
    CONCORD,NC28026     		NONE PC UPGRADES TO FACILITIES 80,000
    CABARRUS COUNTY
    27 UNION STREET NORTH
    CONCORD,NC28025     		NONE PC GRANT IN LIEU OF TAXES 6,000
    CABARRUS COUNTY SCHOOLS
    4401 OLD AIRPORT ROAD
    CONCORD,NC28025     		NONE PC INSTRUCTIONAL FUNDS 60,000
    CABARRUS MEALS ON WHEELS INC
    1701 S MAIN STREET
    KANNAPOLIS,NC28081     		NONE PC DIRECTOR DISCRETIONARY GRANT 10,000
    CALDWELL MEMORIAL HOSPITAL INC
    POST OFFICE BOX 1890
    LENOIR,NC28645     		NONE PC CALDWELL BEHAVIORAL HEALTH PAVILION 150,000
    CANNON SCHOOL INC
    5801 POPLAR TENT ROAD
    CONCORD,NC28027     		NONE PC LECTURE HALL RENOVATION 50,000
    CAPE FEAR HABITAT FOR HUMANITY
    20 N FOURTH STREET SUITE 200
    WILMINGTON,NC28401     		NONE PC RESTORE EXPANSION 50,000
    CAPE FEAR VALLEY BLADEN COUNTY HOSPITAL
    POST OFFICE BOX 398
    ELIZABETHTOWN,NC28337     		NONE PC DIGITAL RADIOGRAPHY UPGRADE 150,000
    CAROLINA FARM STEWARDSHIP ASSOCIATION
    POST OFFICE BOX 448
    PITTSBORO,NC27312     		NONE PC LOMAX FARM INFRASTRUCTURE DEVELOPMENT 80,000
    CAROLINA THEATRE OF GREENSBORO INC
    310 S GREENE ST
    GREENSBORO,NC27401     		NONE PC THEATRE SEATS 30,000
    CAROLINAEAST FOUNDATION
    POST OFFICE BOX 1576
    NEW BERN,NC28560     		NONE PC CANCER CENTER 100,000
    CARTERET COUNTY DOMESTIC VIOLENCE PROGRAM INC
    POST OFFICE BOX 2279
    MOREHEAD CITY,NC28557     		NONE PC SHELTER CONSTRUCTION 75,000
    CATAWBA COLLEGE
    2300 WEST INNES STREET
    SALISBURY,NC28144     		NONE PC LIBRARY RENOVATION 125,000
    CATHOLIC CHARITIES OF THE DIOCESE OF RALEIGH INC
    PIEDMONT REGIONAL OFFICE 3711
    UNIVERSITY DRIVE SUITE B
    DURHAM,NC27707     		NONE PC BOX TRUCK ACQUISITION 25,000
    CENTER FOR CHRISTIANITY AND SCHOLARSHIP
    BOX 90974
    DURHAM,NC27708     		NONE PC BUILDING UPGRADES 25,000
    CHARLOTTE COMMUNITY HEALTH CLINIC INC
    8401 MEDICAL PLAZA DRIVE SUITE 300
    CHARLOTTE,NC28262     		NONE PC DENTAL EQUIPMENT 50,000
    CHARLOTTE FAMILY HOUSING
    300 HAWTHORNE LANE
    CHARLOTTE,NC28204     		NONE PC FAMILY SHELTER UPGRADES 50,000
    CHARLOTTE MECKLENBURG LIBRARY FOUNDATION
    310 N TRYON STREET
    CHARLOTTE,NC28202     		NONE PC DIRECTOR DISCRETIONARY GRANT 10,000
    CHATHAM CHARTER SCHOOL
    POST OFFICE BOX 245
    SILER CITY,NC27344     		NONE PC BUILDING REPAIRS AND UPGRADES 50,000
    CHATHAM COUNTY COUNCIL ON AGING INC
    POST OFFICE BOX 715
    PITTSBORO,NC27312     		NONE PC FACILITY UPGRADE AND EQUIPMENT 30,000
    CHILDREN & FAMILY RESOURCE CENTER OF HENDERSON COUNTY INC
    851 CASE STREET
    HENDERSONVILLE,NC28792     		NONE PC FACILITY RENOVATIONS AND UPGRADES 45,000
    CHILDRENS HOME OF CLEVELAND COUNTY INC
    POST OFFICE BOX 2053
    SHELBY,NC28151     		NONE PC FACILITY CONSTRUCTION 50,000
    CHILDRENS LAW CENTER OF CENTRAL NORTH CAROLINA
    102 W 3RD ST SUITE 470
    WINSTON SALEM,NC27101     		NONE PC OFFICE FURNISHINGS AND EQUIPMENT 30,000
    CHILDREN'S THEATRE OF CHARLOTTE INC
    300 E 7TH ST
    CHARLOTTE,NC28202     		NONE PC RESIDENT TOURING COMPANY VAN & TRAILER 25,000
    CHURCH MOUSE INC THE
    POST OFFICE BOX 986
    ROBBINSVILLE,NC28771     		NONE PC FACILITY UPGRADES 30,000
    CHURCH OF GOD CHILDREN'S HOME OF NORTH CAROLINA INC
    3485 ORPHANAGE CIRCLE
    CONCORD,NC28027     		NONE PC PASSENGER VAN(S) REPLACEMENTS 50,000
    CITY OF ALBEMARLE
    POST OFFICE BOX 190
    ALBEMARLE,NC280020190     		NONE PC FIRE DEPARTMENT BODY ARMOR 12,000
    COMMUNITY FREE CLINIC
    528 A LAKE CONCORD ROAD NE
    CONCORD,NC28025     		NONE PC HVAC 50,000
    COMMUNITY HOUSING COALITION OF MADISON COUNTY INC
    POST OFFICE BOX 1166
    MARSHALL,NC28753     		NONE PC VEHICLE PURCHASE 30,000
    COMMUNITY SERVICES OF SWAIN INC
    POST OFFICE BOX 812
    BRYSON CITY,NC28713     		NONE PC SENIOR CENTER EXPANSION 50,000
    CONCORD CITY OF
    POST OFFICE BOX 308
    CONCORD,NC28026     		NONE PC GRANT IN LIEU OF TAXES 4,000
    COOKIES FOR KID'S CANCER
    PO BOX 2565
    CORNELIUS,NC28031     		NONE PC DIRECTOR DISCRETIONARY GRANT 10,000
    COUNCIL ON AGING IN UNION COUNTY
    PO BOX 185
    MONROE,NC28111     		NONE PC GROUP RESPITE BUILDING RENOVATION 35,000
    CRISIS CONTROL MINISTRY INC
    200 EAST TENTH STREET
    WINSTONSALEM,NC27101     		NONE PC DIRECTOR DISCRETIONARY GRANT 5,000
    DANIEL JONATHAN STOWE CONSERVANCY
    6500 SOUTH NEW HOPE ROAD
    BELMONT,NC28012     		NONE PC NEW GARDEN SPACE CONSTRUCTION 100,000
    DEW4HIM MINISTRIES INC
    POST OFFICE BOX 2019
    WENDELL,NC27591     		NONE PC BUILDING RENOVATIONS 30,000
    DOSHER MEMORIAL FOUNDATION
    924 N HOWE STREET
    SOUTHPORT,NC28461     		NONE PC UPGRADE TO DIGITAL RADIOLOGY 100,000
    DUCKS UNLIMITED S ATLANTIC FIELD OFFICE
    3294 ASHLEY PHOSPHATE ROAD SUITE 2A
    NORTH CHARLESTON,SC29418     		NONE PC DIRECTOR DISCRETIONARY GRANT 5,000
    DUKE UNIVERSITY
    3518 WESTGATE DRIVE SUITE 100
    DURHAM,NC277013659     		NONE PC DAVID M. RUBENSTIEN RARE BOOK MANUSCRIPT LIBRARY 1,000
    EDGECOMBE COUNTY MEMORIAL LIBRARY
    909 N MAIN STREET
    TARBORO,NC27886     		NONE PC LIGHTING RENOVATION 25,000
    EL FUTURO
    136 E CHAPEL HILL STREET
    DURHAM,NC27701     		NONE PC EXPANSION AND RENOVATION 40,000
    ELDER CENTER INC
    PO BOX 1162
    STATESVILLE,NC28687     		NONE PC FACILITY RENOVATION 35,000
    ELIADA HOMES INC
    POST OFFICE BOX 16708
    ASHEVILLE,NC28816     		NONE PC BUILDING RENOVATIONS 50,000
    ELON UNIVERSITY
    CAMPUS BOX 2615
    ELON,NC27244     		NONE PC LEARNING CENTER RENOVATIONS 150,000
    EMPLOYMENT SOURCE INC
    600 AMES STREET
    FAYETTEVILLE,NC28301     		NONE PC FRIENDSHIP HOUSE CONSTRUCTION 50,000
    ENGINEERS WITHOUT BORDERS USA
    1031 33RD STREET SUITE 210
    DENVER,CO80205     		NONE PC HAITI BRIDGES PROJECT 75,000
    EXCHANGE CLUB CENTER FOR THE PREVENTION OF CHILD ABUSE OF NC
    500 W NORTHWEST BOULEVARD
    WINSTONSALEM,NC27105     		NONE PC FLOORING AND KITCHEN RENOVATION 20,000
    FAMILY SERVICES INC
    1200 S BROAD STREET
    WINSTONSALEM,NC27101     		NONE PC DIRECTOR DISCRETIONARY GRANT 5,000
    FAMILY SERVICES INC
    1200 S BROAD STREET
    WINSTONSALEM,NC27101     		NONE PC BUILDING RENOVATIONS 50,000
    FAYETTEVILLE STATE UNIVERSITY FOUNDATION
    1200 MURCHISON ROAD
    FAYETTEVILLE,NC28301     		NONE PC CAMPUS SIGNAGE 85,000
    FOOTHILLS CONSERVANCY OF NORTH CAROLINA INC
    POST OFFICE BOX 3023
    MORGANTON,NC28680     		NONE PC LAND ACQUISITION 50,000
    FOOTHILLS INDUSTRIES OF MCDOWELL COUNTY INC
    300 ROCKWELL DRIVE
    MARION,NC28752     		NONE PC VEHICLE REPLACEMENTS 50,000
    FOOTHILLS SERVICE PROJECT
    PO BOX 86 940 MALCOLM BLVD
    RUTHERFORD COLLEGE,NC28671     		NONE PC THRIFT STORE ROOF AND FENCE PROJECT 25,000
    FOUNDATION FOR THE CAROLINAS
    220 N TRYON STREET
    CHARLOTTE,NC28202     		NONE PC MATCH OPPORTUNITY FOR CABARRUS COUNTY 15,000
    FREEDOM LIFE MINISTRIES
    PO BOX 1134
    MARION,NC28752     		NONE PC RENOVATIONS 35,000
    FRIENDS OF THE HISTORIC BANNER ELK SCHOOL INC
    P O BOX 234
    BANNER ELK,NC28604     		NONE PC BUILDING RENOVATIONS 25,000
    GARDNER-WEBB UNIVERSITY
    POST OFFICE BOX 997
    BOILING SPRINGS,NC28017     		NONE PC SCIENCE ANNEX LAB CONSTRUCTION AND EQUIPMENT 150,000
    GASTON FAMILY HEALTH SERVICES INC
    200 E SECOND AVENUE
    GASTONIA,NC28052     		NONE PC NEW LINCOLNTON CLINIC 150,000
    GHA AUTISM SUPPORTS
    POST OFFICE BOX 2487
    ALBEMARLE,NC280022487     		NONE PC LONG TERM CARE FACILITY CONSTRUCTION 100,000
    GOOD SHEPHERD MINISTRIES OF WILMINGTON INC
    811 MARTIN STREET
    WILMINGTON,NC28401     		NONE PC FACILITY CONSTRUCTION 50,000
    GORDON-CONWELL THEOLOGICAL SEMINARY INC
    14542 CHOATE CIRCLE
    CHARLOTTE,NC28273     		NONE PC CLASSROOM TECHNOLOGY 25,000
    GREATER HOUSTON COMMUNITY FOUNDATION
    5120 WOODWAY DRIVE STE 6000
    HOUSTON,TX770561791     		NONE PC HURRICANE HARVEY RELIEF FUND 50,000
    GUILFORD CHILD DEVELOPMENT
    1200 ARLINGTON STREET
    GREENSBORO,NC27406     		NONE PC BUILDING EXPANSION AND EQUIPMENT 40,000
    HOPE OF WINSTON-SALEM INC
    POST OFFICE BOX 26672
    WINSTONSALEM,NC27114     		NONE PC FACILITY CONSTRUCTION 25,000
    HABITAT FOR HUMANITY CABARRUS COUNTY INC
    8 CHURCH STREET SOUTH
    CONCORD,NC28025     		NONE PC RESTORE AND HABITAT OFFICE TECHNOLOGY UPGRADES 100,000
    HABITAT FOR HUMANITY OF FORSYTH COUNTY INC
    1023 W 14TH STREET
    WINSTONSALEM,NC27105     		NONE PC AMERICORPS HOUSE RENOVATIONS 50,000
    HABITAT FOR HUMANITY OF GASTON COUNTY INC
    POST OFFICE BOX 1584
    GASTONIA,NC28053     		NONE PC RESTORE UPGRADES 40,000
    HAMPDEN-SYDNEY COLLEGE
    80 COLLEGE ROAD
    HAMPDENSYDNEY,VA23943     		NONE PC DIRECTOR DISCRETIONARY GRANT 5,000
    HIGH POINT UNIVERSITY
    ONE UNIVERSITY PARKWAY
    HIGH POINT,NC27268     		NONE PC PHYSICAL THERAPY CLINIC RENOVATIONS 100,000
    HIGHLAND COMMUNITY CHILD DEVELOPMENT CENTER INC
    POST OFFICE BOX 648
    HIGHLANDS,NC28741     		NONE PC INFANT ROOM EXPANSION 35,000
    HISTORIC PRESERVATION FOUNDATION OF NORTH CAROLINA INC THE
    PO BOX 27644
    RALEIGH,NC276117644     		NONE PC NEW HEADQUARTERS RENOVATIONS 25,000
    HOPE HAVEN INC
    P O BOX 791154
    CHARLOTTE,NC28206     		NONE PC SERENITY HOUSE PASSENGER VAN 30,000
    HORSEPOWER INC
    8001 LEABOURNE RD
    COLFAX,NC27235     		NONE PC HANDICAP ACCESSIBLE BARN 20,000
    INTERFAITH ASSISTANCE MINISTRY INC
    POST OFFICE BOX 2562
    HENDERSONVILLE,NC28739     		NONE PC NEW BOX TRUCK WITH LIFT 30,000
    JEWISH COMMUNITY CENTER OF ASHEVILLE
    236 CHARLOTTE STREET
    ASHEVILLE,NC28801     		NONE PC FACILITY EXPANSION AND RENOVATIONS 50,000
    JUNIOR ACHIEVEMENT OF CENTRAL CAROLINAS INC
    201 SOUTH TRYON STREET SUITE LL100
    CHARLOTTE,NC282024195     		NONE PC BUILDING RENOVATIONS 50,000
    KIDS MAKING IT INC
    617 CASTLE STREET
    WILMINGTON,NC28401     		NONE PC BUILDING EXPANSION 50,000
    KIDSENSES INC
    POST OFFICE BOX 150
    RUTHERFORDTON,NC281390150     		NONE PC MUSEUM EXPANSION 35,000
    LAND TRUST FOR CENTRAL NORTH CAROLINA INC
    204 EAST INNES STREET SUITE 280
    SALISBURY,NC28145     		NONE PC ALCOA LANDS ACQUISITION 200,000
    LEAST OF THESE GASTON INC
    469 HOSPITAL DRIVE
    GASTONIA,NC28054     		NONE PC RENOVATIONS 30,000
    LENOIR-RHYNE UNIVERSITY
    BOX 7546
    HICKORY,NC28603     		NONE PC AIR CONDITIONING INSTALLATION 150,000
    LIBERTY CORNER ENTERPRISES INC
    119 TUNNEL ROAD SUITE 120
    ASHEVILLE,NC28805     		NONE PC HVAC SYSTEM REPLACEMENT 12,500
    LIVINGSTONE COLLEGE
    701 WEST MONROE STREET
    SALISBURY,NC28144     		NONE PC CLIMATE CONTROL AND ROOF REPAIRS 100,000
    LOVING FOOD RESOURCES
    POST OFFICE BOX 25142
    ASHEVILLE,NC28813     		NONE PC ELECTRICAL SYSTEM UPGRADE 30,000
    LOWER CAPE FEAR HOSPICE INC
    1414 PHYSICIANS DRIVE
    WILMINGTON,NC28401     		NONE PC SECURITY ENHANCEMENTS 30,000
    MAIN STREET MISSION OF CHINA GROVE INC
    306 S MAIN STREET
    CHINA GROVE,NC28023     		NONE PC DIRECTOR DISCRETIONARY GRANT 5,000
    MAIN STREET MISSION OF CHINA GROVE INC
    306 S MAIN STREET
    CHINA GROVE,NC28023     		NONE PC FACILITY RENOVATIONS AND CONSTRUCTION 50,000
    MARTIN COMMUNITY COLLEGE FOUNDATION INC
    1161 KEHUKEE PARK ROAD
    WILLIAMSTON,NC27892     		NONE PC IT INFRASTRUCTURE IMPROVEMENTS 125,000
    MARTIN-TYRRELL-WASHINGTON DISTRICT HEALTH DEPARTMENT
    198 NC HWY 45 N
    PLYMOUTH,NC27962     		NONE PC MARTIN COUNTY MOBILE DENTAL CLINIC 45,000
    MARY'S HOUSE
    520 GUILFORD AVENUE
    GREENSBORO,NC27401     		NONE PC DIRECTOR DISCRETIONARY GRANT 5,000
    MCLEOD ADDICTIVE DISEASE CENTER INC
    515 CLANTON ROAD
    CHARLOTTE,NC28217     		NONE PC DOOR SECURITY FOR MAIN CAMPUS 10,000
    MEDICAL FOUNDATION OF NORTH CAROLINA INC
    880 MARTIN LUTHER KING BOULEVARD
    CHAPEL HILL,NC275142600     		NONE PC EXERCISE FACILITY EXPANSION 50,000
    MENS SHELTER OF CHARLOTTE INC
    POST OFFICE BOX 36471
    CHARLOTTE,NC28236     		NONE PC FACILITY RENOVATIONS AND UPGRADES 50,000
    MIAMI FOUNDATION INC THE
    40 NW 3RD STREET SUITE 305
    MIAMI,FL33128     		NONE PC DISASTER RELIEF 100,000
    MIDWAY UNITED METHODIST CHURCH
    108 BETHPAGE ROAD
    KANNAPOLIS,NC28081     		NONE PC DIRECTOR DISCRETIONARY GRANT 10,000
    MINISTRY SEVEN
    POST OFFICE BOX 1512
    HENDERSONVILLE,NC28793     		NONE PC SHELTER SECURITY SYSTEM 24,500
    MISSION HEALTH SYSTEM FOUNDATION INC
    890 HENDERSONVILLE RD SUITE 300
    ASHEVILLE,NC28803     		NONE PC TOOTHBUS ENGINE, CHASE CAR, DENTAL EQUIPMENT 100,000
    MONTGOMERY COMMUNITY COLLEGE FOUNDATION INC
    1011 PAGE STREET
    TROY,NC273718387     		NONE PC FLOORING RENOVATIONS 150,000
    MONTREAT COLLEGE
    OFFICE OF ADVANCEMENT PO BOX 1267
    MONTREAT,NC287571267     		NONE PC RESIDENCE HALL RENOVATION 100,000
    MUSEUM OF THE CHEROKEE INDIAN
    PO BOX 1599
    CHEROKEE,NC28719     		NONE PC RENOVATE PUBLIC RESTROOMS 40,000
    NEW BERN PRESERVATION FOUNDATION INC
    510 POLLOCK STREET PO BOX207
    NEW BERN,NC28563     		NONE PC NEW BERN UNION DEPOT RESTORATION 25,000
    NORTH CAROLINA AQUARIUM SOCIETY THE
    3125 POPLARWOOD COURT SUITE 160
    RALEIGH,NC27604     		NONE PC BUILDING RENOVATIONS 125,000
    NORTH CAROLINA BAPTIST MEN
    POST OFFICE BOX 1107
    CARY,NC27512     		NONE PC MOBILE DENTAL UNIT 50,000
    NORTH CAROLINA DEPARTMENT OF NATURAL AND CULTURAL RESOURCES
    109 EAST JONES STREET
    RALEIGH,NC27601     		NONE PC LAND ACQUISITION FOR BATTLE OF ALAMANCE 80,000
    NORTH CAROLINA WESLEYAN COLLEGE
    3400 NORTH WESLEYAN BOULEVARD
    ROCKY MOUNT,NC27804     		NONE PC ACCESSIBLE SIDEWALKS AND CURB RAMPS 100,000
    OCEAN ISLE MUSEUM FOUNDATION INC
    21 E 2ND ST
    OCEAN ISLE BEACH,NC28469     		NONE PC SCIDOME PROJECTOR REPLACEMENT 40,000
    OLD SALEM INCORPORATED
    600 SOUTH MAIN STREET
    WINSTONSALEM,NC27101     		NONE PC BAKERY EQUIPMENT 50,000
    OPEN HANDS OF DAVIDSON COUNTY INC
    POST OFFICE BOX 409
    LEXINGTON,NC27293     		NONE PC DIRECTOR DISCRETIONARY GRANT 5,000
    PENDER COUNTY CHRISTIAN SERVICES INC
    PO BOX 84
    BURGAW,NC28425     		NONE PC BUILDING RENOVATIONS 20,000
    PFEIFFER UNIVERSITY
    POST OFFICE BOX 960
    MISENHEIMER,NC28109     		NONE PC DIRECTOR DISCRETIONARY GRANT 5,000
    PINEY CREEK VOLUNTEER FIRE DEPARTMENT
    500 PINEY CREEK ROAD
    PINEY CREEK,NC28663     		NONE PC NEW VFD STATION 75,000
    PITT COMMUNITY COLLEGE FOUNDATION
    PO DRAWER 7007
    GREENVILLE,NC27835     		NONE PC BUILDING CONSTRUCTION 100,000
    PRANCING HORSE INC
    POST OFFICE BOX 327
    SOUTHERN PINES,NC28388     		NONE PC HAY BARN AND EQUIPMENT SHED CONSTRUCTION 25,000
    PRESBYTERIAN COLLEGE
    503 S BROAD STREET
    CLINTON,SC29325     		NONE PC BUILDING RENOVATION 100,000
    RELIGIOUS COMMUNITY SERVICES OF NEW BERN INC
    919 GEORGE STREET
    NEW BERN,NC28560     		NONE PC FACILITY RENOVATIONS 70,000
    RENEWAL CENTER OF THE SOUTH INC THE
    2966 S CHURCH ST STE 213
    BURLINGTON,NC27215     		NONE PC HVAC 9,500
    ROBESON COMMUNITY COLLEGE FOUNDATION INC
    5160 FAYETTEVILLE RD
    LUMBERTON,NC28360     		NONE PC WELDING EQUIPMENT 175,000
    ROCKING HORSE RANCH THERAPEUTIC RIDING PROGRAM INC
    1721 BLUE BANKS FARM RD
    GREENVILLE,NC27834     		NONE PC ROOF REPAIR 22,000
    ROWAN REGIONAL MEDICAL CENTER FOUNDATION INC
    130 MOCKSVILLE AVENUE
    SALISBURY,NC28144     		NONE PC STEREOTACTIC 3D BREAST BIOPSY SYSTEM 150,000
    SAFE HARBOR RESCUE MISSION
    210 2ND ST SE
    HICKORY,NC28602     		NONE PC BUILDING CONSTRUCTION 75,000
    SALVATION ARMY THE
    1311 SOUTH EUGENE STREET
    GREENSBORO,NC27406     		NONE PC TEEN CENTER RENOVATION AND UPFIT 75,000
    SAMARITAN'S PURSE
    POST OFFICE BOX 3000
    BOONE,NC28607     		NONE PC HURRICANE HARVEY DISASTER RELIEF 100,000
    SCOTLAND MEMORIAL FOUNDATION
    500 LAUCHWOOD DRIVE
    LAURINBURG,NC28352     		NONE PC WOMEN'S CENTER RENOVATION 75,000
    SECOND HARVEST FOOD BANK OF NORTHWEST NORTH CAROLINA INC
    3655 REED ST
    WINSTONSALEM,NC27107     		NONE PC COLD STORAGE COMPLEX WAREHOUSE CONVERSION 50,000
    SHILOH REFORMED CHURCH
    POST OFFICE BOX 308
    FAITH,NC28041     		NONE PC HVAC UPGRADES 25,000
    SOUTH ROWAN PUBLIC SCHOOLS BIBLE TEACHING ASSOCIATION
    POST OFFICE BOX 384
    LANDIS,NC280880384     		NONE PC INSTRUCTIONAL FUNDS 7,500
    SOUTHEASTERN REGIONAL MEDICAL CENTER
    POST OFFICE BOX 1408
    LUMBERTON,NC28358     		NONE PC BEHAVIORAL HEALTH UNIT 150,000
    SOUTHPORT OAK ISLAND INTERCHURCH FELLOWSHIP
    PO BOX 711
    OAK ISLAND,NC28465     		NONE PC EQUIPMENT 10,500
    ST ANDREWS PRESBYTERIAN COLLEGE
    1700 DOGWOOD MILE ST
    LAURINBURG,NC28352     		NONE PC ROOF REPLACEMENT 80,000
    ST GERARD HOUSE
    620 OAKLAND STREET
    HENDERSONVILLE,NC28791     		NONE PC FURNITURE, EQUIPMENT AND PROGRAM AIDS 20,000
    ST JAMES CATHOLIC CHURCH
    139 MANOR AVE SW
    CONCORD,NC28025     		NONE PC DIRECTOR DISCRETIONARY GRANT 10,000
    ST JAMES EVANGELICAL LUTHERAN CHURCH
    POST OFFICE BOX 684
    CONCORD,NC28026     		NONE PC DIRECTOR DISCRETIONARY GRANT 10,000
    STANLY COUNTY HABITAT FOR HUMANITY INC
    1506 NC 24/27
    ALBEMARLE,NC28001     		NONE PC RESTORE RENOVATION 80,000
    SWANNANOA VALLEY CHRISTIAN MINISTRY
    POST OFFICE BOX 235
    BLACK MOUNTAIN,NC28711     		NONE PC HOUSING CONSTRUCTION 50,000
    SYLVAN HEIGHTS WATERFOWL PARK AND ECO-CENTER INC
    PO BOX 368
    SCOTLAND NECK,NC27874     		NONE PC OUTDOOR PAVILION & EDUCATION CENTER 50,000
    THE HOUSING ASSISTANCE CORPORATION
    POST OFFICE BOX 2057
    HENDERSONVILLE,NC28739     		NONE PC RESIDENTIAL RENOVATIONS 35,000
    THIRD STREET EDUCATION CENTER
    600 WEST THIRD STREET
    GREENVILLE,NC27834     		NONE PC EDUCATIONAL KITCHEN AND MOBILE CAFE 40,000
    TOWN OF WOODFIN
    90 ELK MOUNTAIN ROAD
    WOODFIN,NC28804     		NONE PC PARK AND GREENWAY CONSTRUCTION 25,000
    TRIANGLE LAND CONSERVANCY INC
    514 SOUTH DUKE STREET
    DURHAM,NC27701     		NONE PC WELCOME CENTER RESTORATION 75,000
    TRUETT BAPTIST ASSOCIATION OF CHURCHES
    2235 NC HWY 141
    MARBLE,NC28905     		NONE PC DIGITAL IMAGING SYSTEM 12,000
    UNIVERSITY OF MOUNT OLIVE INC
    634 HENDERSON STREET
    MOUNT OLIVE,NC28365     		NONE PC APARTMENT BUILDING RENOVATIONS 100,000
    UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL
    208 W FRANKLIN STREET
    CHAPEL HILL,NC27516     		NONE PC HOME ACQUISITION 125,000
    VIDANT BERTIE HOSPITAL
    POST OFFICE BOX 40
    WINDSOR,NC27983     		NONE PC LABORATORY CHEMISTRY ANALYZER 100,000
    VIDANT DUPLIN HOSPITAL
    POST OFFICE BOX 278
    KENANSVILLE,NC28349     		NONE PC LABORATORY CHEMISTRY ANALYZERS 100,000
    VIDAS DE ESPERANZA
    1309 LOG BARN ROAD
    PITTSBORO,NC27312     		NONE PC DIRECTOR DISCRETIONARY GRANT 5,000
    VISION RESOURCE CENTER
    POST OFFICE BOX 87385
    FAYETTEVILLE,NC28304     		NONE PC VEHICLE PURCHASE 15,000
    WESTERN CAROLINA RESCUE MINISTRIES INC
    POST OFFICE BOX 909
    ASHEVILLE,NC28802     		NONE PC UTILITY VAN AND CLEANING EQUIPMENT 35,000
    WINGATE UNIVERSITY
    PO BOX 159
    WINGATE,NC28174     		NONE PC HEALTH CLINIC 150,000
    WINGS OF EAGLES RANCH
    4800 FAITH TRAILS
    CONCORD,NC28025     		NONE PC WELL AND SEPTIC SYSTEM UPGRADES 25,000
    WOODBERRY FOREST SCHOOL
    898 WOODBERRY FOREST ROAD
    WOODBERRY FOREST,VA22989     		NONE PC DIRECTOR DISCRETIONARY GRANT 20,000
    WORKING LANDSCAPES
    108C SOUTH MAIN ST
    WARRENTON,NC27589     		NONE PC PRODUCE CENTER RENOVATION 40,000
    YOUNG MENS CHRISTIAN ASSOCIATION OF AVERY COUNTY INC
    PO BOX 707
    LINVILLE,NC286460707     		NONE PC YOUTH DEVELOPMENT AND RECREATION FACILITIES 100,000
    YOUNG MEN'S CHRISTIAN ASSOCIATION OF ROWAN COUNTY NC INC THE
    POST OFFICE BOX 1575
    SALISBURY,NC281451575     		NONE PC SOUTH ROWAN BRANCH HVAC REPLACEMENT 100,000
    Total .................................bullet 3a 10,336,500
    bApproved for future payment
    BOYS AND GIRLS CLUB OF CABARRUS COUNTY INC
    POST OFFICE BOX 1405
    CONCORD,NC28026     		NONE PC FACILITY EXPANSION 1,000,000
    UNITED SERVICE ORGANIZATIONS OF NC
    600 AIRPORT BLVD SUITE 200
    MORRISVILLE,NC27565     		NONE PC DIRECTOR DISCRETIONARY GRANT 5,000
    Total .................................bullet 3b 1,005,000
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 4,748,554  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 13,235,478  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 17,984,032 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    17,984,032
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2019)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2017 AccountingFeesSchedule
    Name:
    THE CANNON FOUNDATION INC
    EIN:
    56-6042532
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 44,088 22,044   22,044

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2017 DepreciationSchedule
    Name:
    THE CANNON FOUNDATION INC
    EIN:
    56-6042532
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    BUILDING 2009-09-30 2,571,324 490,673 SL 40.000000000000 65,108 0    
    LAND 2009-09-30 100,000   L   0 0    
    COMPUTER EQUIPMENT 2010-04-01 58,681 49,559 SL 3.000000000000 4,264 0    
    FURNITURE & FIXTURES 2010-04-01 323,412 304,035 SL 7.000000000000 5,074 0    
    FURNITURE & FIXTURES 2018-03-02 827   SL 7.000000000000 69 0    

    TY 2017 InvestmentsCorpBondsSchedule
    Name:
    THE CANNON FOUNDATION INC
    EIN:
    56-6042532
    Name of Bond End of Year Book Value End of Year Fair Market Value
    21ST CENTY FOX AMER INC DTD 04/01/15 6.650 11/15/2037 59,479 59,479
    21ST CENTY FOX AMER INC DTD 04/01/15 7.700 10/30/2025 48,772 48,772
    ABBOTT LABORATORIES DTD 11/22/16 4.900 11/30/2046 76,023 76,023
    ABBVIE INC DTD 05/12/16 3.200 05/14/2026 46,557 46,557
    ACE INA HOLDINGS DTD 11/03/15 3.350 05/03/2026 48,601 48,601
    AETNA INC DTD 06/09/16 2.800 06/15/2023 95,816 95,816
    AFLAC INC DTD 11/07/14 3.625 11/15/2024 124,504 124,504
    ALEXANDRIA REAL ESTATE E DTD 06/10/16 3.950 01/15/2027 14,465 14,465
    ALEXANDRIA REAL ESTATE E DTD 07/18/14 4.500 07/30/2029 59,740 59,740
    ALLEGHANY CORP DTD 06/26/12 4.950 06/27/2022 145,610 145,610
    AMAZON.COM INC DTD 02/22/18 4.050 08/22/2047 44,328 44,328
    AMERICAN EXPRESS CREDIT DTD 09/14/15 2.600 09/14/2020 44,592 44,592
    AMERICAN HONDA FINANCE DTD 02/15/18 2.650 02/12/2021 266,846 266,846
    AMERICAN INTL GROUP DTD 02/26/16 3.300 03/01/2021 99,793 99,793
    AMERICAN INTL GROUP DTD 05/24/12 4.875 06/01/2022 93,785 93,785
    AMERICAN INTL GROUP DTD 05/24/12 4.875 06/01/2022 31,262 31,262
    AMERISOURCEBERGEN CORP DTD 02/20/15 3.250 03/01/2025 28,596 28,596
    ANHEUSER-BUSCH INBEV FIN DTD 01/25/16 4.900 02/01/2046 40,453 40,453
    ANHEUSER-BUSCH INBEV WOR DTD 04/04/18 4.000 04/13/2028 39,427 39,427
    AON PLC DTD 03/01/16 3.875 12/15/2025 123,796 123,796
    APPLE INC DTD 05/03/13 2.400 05/03/2023 139,406 139,406
    ARCHER-DANIELS-MIDLAND C DTD 08/11/16 2.500 08/11/2026 100,572 100,572
    ASIAN DEVELOPMENT BANK DTD 01/19/18 2.250 01/20/2021 108,261 108,261
    AT&T INC DTD 02/09/16 2.800 02/17/2021 167,496 167,496
    AT&T INC DTD 02/09/17 5.450 03/01/2047 79,927 79,927
    AT&T INC DTD 02/15/16 6.000 08/15/2040 48,179 48,179
    AT&T INC DTD 03/01/11 5.350 09/01/2040 19,835 19,835
    AT&T INC DTD 05/04/15 3.400 05/15/2025 128,529 128,529
    BANK OF AMERICA CORP DTD 01/24/12 5.700 01/24/2022 133,910 133,910
    BANK OF AMERICA CORP DTD 04/01/14 4.000 04/01/2024 52,520 52,520
    BANK OF AMERICA CORP DTD 12/20/17 3.419 12/20/2028 61,947 61,947
    BANK OF AMERICA CORP MED TERM NOTE 48,786 48,786
    BANK OF AMERICA CORP MED TERM NOTE 29,984 29,984
    BANK OF AMERICA CORP MED TERM NOTE SER L 304,545 304,545
    BANK OF NY MELLON CORP DTD 02/19/16 2.500 04/15/2021 157,101 157,101
    BERKSHIRE HATHAWAY FIN DTD 08/15/16 1.300 08/15/2019 88,915 88,915
    BIOGEN INC DTD 09/15/15 2.900 09/15/2020 139,275 139,275
    BLACK HILLS CORP DTD 11/19/13 4.250 11/30/2023 86,198 86,198
    BP CAPITAL MARKETS PLC DTD 02/13/15 2.315 02/13/2020 24,777 24,777
    BP CAPITAL MARKETS PLC DTD 05/07/12 3.245 05/06/2022 134,120 134,120
    BP CAPITAL MARKETS PLC DTD 11/04/14 3.535 11/04/2024 69,598 69,598
    BROADCOM CRP / DTD 01/15/18 3.000 01/15/2022 73,070 73,070
    CANADIAN IMPERIAL BANK DTD 09/13/18 3.500 09/13/2023 129,189 129,189
    CAPITAL ONE FINANCIAL CO DTD 03/09/17 3.750 03/09/2027 56,636 56,636
    CAPITAL ONE FINANCIAL CO DTD 04/30/18 4.250 04/30/2025 129,468 129,468
    CELGENE CORP DTD 08/12/15 2.875 08/15/2020 124,179 124,179
    CELGENE CORP DTD 08/12/15 3.550 08/15/2022 49,850 49,850
    CISCO SYSTEMS INC DTD 02/29/16 2.200 02/28/2021 166,459 166,459
    CITIGROUP INC DTD 05/18/16 4.750 05/18/2046 53,649 53,649
    CITIGROUP INC DTD 06/16/14 3.750 06/16/2024 99,153 99,153
    CITIGROUP INC DTD 07/30/15 4.650 07/30/2045 65,595 65,595
    CITIGROUP INC DTD 10/25/13 3.875 10/25/2023 85,626 85,626
    CITIGROUP INC DTD 11/01/11 4.500 01/14/2022 61,697 61,697
    CME GROUP INC DTD 03/09/15 3.000 03/15/2025 183,097 183,097
    COLUMBIA PROPERTY TRUST DTD 08/12/16 3.650 08/15/2026 97,819 97,819
    COMCAST CORP DTD 02/23/16 3.150 03/01/2026 51,925 51,925
    COMCAST CORP DTD 05/07/08 6.400 05/15/2038 53,287 53,287
    CONOCOPHILLIPS COMPANY DTD 03/08/16 4.950 03/15/2026 75,558 75,558
    CORNING INC DTD 11/13/17 4.375 11/15/2057 35,033 35,033
    CSX CORP DTD 10/18/16 2.600 11/01/2026 59,118 59,118
    CSX CORP DTD 10/20/15 3.350 11/01/2025 48,470 48,470
    CVS HEALTH CORP DTD 03/09/18 4.300 03/25/2028 59,530 59,530
    CVS HEALTH CORP DTD 07/20/15 3.875 07/20/2025 118,253 118,253
    DIGITAL REALTY TRUST LP DTD 08/07/17 3.700 08/15/2027 38,000 38,000
    DISCOVER FINANCIAL SVS DTD 10/27/12 5.200 04/27/2022 66,252 66,252
    DOLLAR TREE INC DTD 04/19/18 4.200 05/15/2028 14,569 14,569
    DOMINION RESOURCES INC DTD 08/09/16 2.850 08/15/2026 104,702 104,702
    DOMINION RESOURCES INC DTD 09/24/15 3.900 10/01/2025 39,352 39,352
    DOMINION RESOURCES INC DTD 11/25/14 2.500 12/01/2019 124,031 124,031
    DOW CHEMICAL CO/THE DTD 09/16/14 3.500 10/01/2024 122,339 122,339
    DUKE ENERGY CORP DTD 04/04/14 3.750 04/15/2024 95,221 95,221
    DUKE ENERGY CORP DTD 08/12/16 2.650 09/01/2026 76,853 76,853
    DUKE ENERGY CORP DTD 08/25/11 3.550 09/15/2021 125,408 125,408
    EL PASO ENERGY CORP TRANCHE # TR 00005 63,180 63,180
    ENERGY EAST CORP DTD 07/24/06 6.750 07/15/2036 66,315 66,315
    ENERGY TRANSFER PARTNERS DTD 09/19/13 4.150 10/01/2020 50,644 50,644
    ENERGY TRANSFER PARTNERS DTD 09/19/13 4.900 02/01/2024 87,609 87,609
    EQT CORP DTD 05/15/09 8.125 06/01/2019 41,299 41,299
    EQT CORP DTD 10/04/17 3.000 10/01/2022 4,846 4,846
    EQT CORP DTD 10/04/17 3.900 10/01/2027 37,480 37,480
    EUROPEAN INVESTMENT BANK DTD 01/17/18 2.500 03/15/2023 107,205 107,205
    EXELON GENERATION CO LLC DTD 09/23/09 6.250 10/01/2039 43,550 43,550
    EXELON GENERATION CO LLC DTD 12/15/12 4.250 06/15/2022 50,745 50,745
    FEDEX CORP DTD 01/06/17 4.400 01/15/2047 47,759 47,759
    FORD MOTOR CREDIT CO LLC DTD 11/04/14 2.597 11/04/2019 143,830 143,830
    GENERAL ELEC CAP CORP DTD 01/14/08 5.875 01/14/2038 83,719 83,719
    GENERAL ELECTRIC CO SER D 97,425 97,425
    GILEAD SCIENCES INC DTD 09/14/15 3.650 03/01/2026 68,740 68,740
    GILEAD SCIENCES INC DTD 09/14/15 4.750 03/01/2046 36,077 36,077
    GOLDMAN SACHS GROUP INC DTD 01/23/18 04/23/2029 23,848 23,848
    GOLDMAN SACHS GROUP INC DTD 01/24/12 5.750 01/24/2022 53,196 53,196
    GOLDMAN SACHS GROUP INC DTD 03/03/14 4.000 03/03/2024 60,198 60,198
    GOLDMAN SACHS GROUP INC DTD 06/05/17 06/05/2028 23,794 23,794
    GOLDMAN SACHS GROUP INC DTD 09/15/15 2.750 09/15/2020 39,590 39,590
    GOLDMAN SACHS GROUP INC MED TERM NOTE 100,123 100,123
    HCP INC DTD 02/21/14 4.200 03/01/2024 109,591 109,591
    HOME DEPOT INC DTD 02/12/16 3.000 04/01/2026 72,008 72,008
    HP ENTERPRISE CO DTD 10/15/16 4.400 10/15/2022 20,543 20,543
    ILLINOIS TOOL WORKS INC DTD 03/15/12 3.375 09/15/2021 99,869 99,869
    INGERSOLL-RAND GL HLD CO DTD 12/15/13 5.750 06/15/2043 97,677 97,677
    INTER-AMERICAN DEVEL BK DTD 01/18/18 2.500 01/18/2023 102,601 102,601
    INTL BK RECON & DEVELOP DTD 01/26/17 2.000 01/26/2022 106,415 106,415
    JOHNSON & JOHNSON DTD 03/01/16 2.050 03/01/2023 38,306 38,306
    JPMORGAN CHASE & CO DTD 01/23/12 4.500 01/24/2022 46,389 46,389
    JPMORGAN CHASE & CO DTD 06/23/15 2.750 06/23/2020 129,025 129,025
    JPMORGAN CHASE & CO DTD 07/22/10 4.400 07/22/2020 71,476 71,476
    JPMORGAN CHASE & CO DTD 11/16/16 3.625 12/01/2027 136,751 136,751
    KENTUCKY UTILITIES CO DTD 09/28/15 4.375 10/01/2045 25,135 25,135
    KEYCORP MED TERM NOTE 140,439 140,439
    KFW DTD 01/19/18 2.375 12/29/2022 257,564 257,564
    KINDER MORGAN ENER PART DTD 05/19/10 6.550 09/15/2040 34,354 34,354
    KOHL'S CORPORATION DTD 10/17/11 4.000 11/01/2021 70,510 70,510
    KRAFT FOODS GROUP INC DTD 07/26/12 6.875 01/26/2039 46,737 46,737
    KRAFT HEINZ FOODS CO DTD 07/15/16 3.950 07/15/2025 49,272 49,272
    LIBERTY PROPERTY LP DTD 06/11/12 4.125 06/15/2022 111,542 111,542
    LINCOLN NATIONAL CORP DTD 03/09/15 3.350 03/09/2025 91,205 91,205
    LLOYDS BANKING GROUP PLC DTD 01/11/17 3.000 01/11/2022 97,363 97,363
    LOUISVILLE GAS & ELEC DTD 09/28/15 4.375 10/01/2045 30,159 30,159
    MANUF & TRADERS TRUST CO DTD 05/18/17 2.500 05/18/2022 96,492 96,492
    MANULIFE FINANCIAL CORP DTD 03/04/16 4.150 03/04/2026 126,086 126,086
    MARATHON PETROLEUM CORP DTD 09/05/14 3.625 09/15/2024 54,275 54,275
    MASTERCARD INC DTD 03/31/14 3.375 04/01/2024 124,979 124,979
    MAXIM INTEGRATED PRODUCT DTD 03/18/13 3.375 03/15/2023 122,660 122,660
    MCDONALD'S CORP DTD 12/09/15 3.700 01/30/2026 99,085 99,085
    MEDTRONIC INC DTD 03/15/15 4.625 03/15/2045 58,252 58,252
    MORGAN STANLEY DTD 02/25/13 3.750 02/25/2023 99,981 99,981
    MORGAN STANLEY DTD 02/25/13 3.750 02/25/2023 84,984 84,984
    MORGAN STANLEY DTD 07/23/15 4.000 07/23/2025 14,950 14,950
    MORGAN STANLEY DTD 07/28/11 5.500 07/28/2021 63,160 63,160
    MOSAIC CO DTD 11/13/13 4.250 11/15/2023 101,029 101,029
    MPLX LP DTD 02/10/17 4.125 03/01/2027 24,350 24,350
    MPLX LP DTD 02/10/17 5.200 03/01/2047 75,151 75,151
    MYLAN N V DTD 12/15/16 3.150 06/15/2021 49,254 49,254
    NATIONAL RETAIL PROP INC DTD 10/21/15 4.000 11/15/2025 59,031 59,031
    NISOURCE FINANCE CORP DTD 10/10/13 5.650 02/01/2045 67,014 67,014
    NORDSTROM INC DTD 04/23/10 4.750 05/01/2020 76,778 76,778
    ONTARIO (PROVINCE OF) DTD 10/07/09 4.000 10/07/2019 212,325 212,325
    ORACLE CORP DTD 07/07/16 2.650 07/15/2026 116,016 116,016
    PEPSICO INC DTD 03/05/12 2.750 03/05/2022 147,849 147,849
    PNC FUNDING CORP DTD 03/08/12 3.300 03/08/2022 149,385 149,385
    POTOMAC ELECTRIC POWER DTD 11/16/07 6.500 11/15/2037 83,501 83,501
    PPL CAPITAL FUNDING INC DTD 03/10/14 3.950 03/15/2024 94,730 94,730
    PRECISION CASTPARTS CORP DTD 06/10/15 3.250 06/15/2025 131,018 131,018
    PRINCIPAL FINANCIAL GROU DTD 11/10/16 4.300 11/15/2046 61,296 61,296
    REPUBLIC SERVICES INC DTD 05/09/11 4.750 05/15/2023 52,100 52,100
    REPUBLIC SERVICES INC DTD 11/16/17 3.375 11/15/2027 19,074 19,074
    ROGERS COMMUNICATIONS IN DTD 10/02/13 4.100 10/01/2023 45,738 45,738
    SEMPRA ENERGY DTD 01/12/18 3.400 02/01/2028 37,441 37,441
    SEMPRA ENERGY DTD 11/17/15 3.750 11/15/2025 48,626 48,626
    SHIRE ACQ INV IRELAND DA DTD 09/23/16 2.875 09/23/2023 47,617 47,617
    SIERRA PACIFIC POWER CO SER P 19,155 19,155
    SIMON PROPERTY GROUP LP DTD 01/25/10 6.750 02/01/2040 45,365 45,365
    SPECTRA ENERGY PARTNERS DTD 09/25/13 4.750 03/15/2024 15,501 15,501
    STATE STREET CORP DTD 11/19/13 3.700 11/20/2023 100,642 100,642
    THERMO FISHER SCIENTIFIC DTD 09/19/16 2.950 09/19/2026 46,304 46,304
    TIME WARNER INC DTD 12/16/13 5.350 12/15/2043 44,386 44,386
    TRANSCANADA PIPELINES DTD 05/07/18 4.250 05/15/2028 50,207 50,207
    UNITED MEXICAN STATES DTD 03/28/17 4.150 03/28/2027 196,800 196,800
    UNITEDHEALTH GROUP INC DTD 07/23/15 4.750 07/15/2045 42,808 42,808
    UNUM GROUP DTD 05/09/16 3.000 05/15/2021 127,899 127,899
    US BANCORP MED TERM NOTE SER V 135,870 135,870
    VENTAS REALTY LP DTD 03/29/17 3.100 01/15/2023 48,551 48,551
    VEREIT OPERATING PARTNER DTD 08/11/17 3.950 08/15/2027 42,324 42,324
    VERIZON COMMUNICATIONS DTD 08/16/17 3.376 02/15/2025 42,710 42,710
    VISA INC DTD 12/14/15 3.150 12/14/2025 164,835 164,835
    VISA INC DTD 12/14/15 3.150 12/14/2025 92,114 92,114
    WALT DISNEY COMPANY/THE MED TERM NOTE 115,303 115,303
    WASTE MANAGEMENT INC DTD 02/26/15 3.125 03/01/2025 29,088 29,088
    WASTE MANAGEMENT INC DTD 02/26/15 3.900 03/01/2035 63,502 63,502
    WASTE MANAGEMENT INC DTD 05/16/16 2.400 05/15/2023 38,144 38,144
    WELLS FARGO & COMPANY DTD 03/04/16 2.500 03/04/2021 127,321 127,321
    WELLS FARGO & COMPANY MED TERM NOTE 74,716 74,716
    WESTERN GAS PARTNERS LP DTD 03/02/18 4.500 03/01/2028 14,389 14,389
    WESTERN GAS PARTNERS LP DTD 03/02/18 5.300 03/01/2048 9,166 9,166
    ZIMMER HOLDINGS INC DTD 03/19/15 3.550 04/01/2025 38,380 38,380

    TY 2017 InvestmentsCorpStockSchedule
    Name:
    THE CANNON FOUNDATION INC
    EIN:
    56-6042532
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABS 1,263,990 1,263,990
    ACTIVISION BLIZZARD INC 910,348 910,348
    ALLERGAN PLC 2,476,240 2,476,240
    ALPHABET INC CL C 3,222,369 3,222,369
    ALPHABET INC CL C 3,073,185 3,073,185
    AMAZON COM INC COM 3,112,662 3,112,662
    AMERICAN EXPRESS CO 2,129,800 2,129,800
    AMERICAN INTERNATIONAL GROUP, INC 592,295 592,295
    AMERICAN TOWER CORP 2,615,400 2,615,400
    AMERICAN WATER WORKS CO INC/NE 400,264 400,264
    AMERIPRISE FINL INC 671,853 671,853
    AMERIPRISE FINL INC 604,815 604,815
    AMGEN INC 787,702 787,702
    ANADARKO PETROLEUM CORP 626,980 626,980
    APPLE INC 4,289,060 4,289,060
    APPLE INC 3,810,943 3,810,943
    AT & T INC 1,729,269 1,729,269
    ATMOS ENERGY CORP 686,482 686,482
    AVANGRID INC 347,493 347,493
    AXALTA COATING SYSTEMS LTD. 1,020,600 1,020,600
    BANK OF AMERICA CORP 1,952,167 1,952,167
    BECTON DICKINSON & CO 862,083 862,083
    BERKSHIRE HATHAWAY INC DEL CLASS A COM 6,400,001 6,400,001
    BERKSHIRE HATHAWAY INC. 2,355,210 2,355,210
    BIOGEN INC 883,275 883,275
    BLACKROCK INC 349,727 349,727
    BOEING CO 926,031 926,031
    BROADCOM INC 414,013 414,013
    BROADRIDGE FINANCIAL SOLUTIONS 303,485 303,485
    CF INDS HLDGS INC COM 861,785 861,785
    CHENIERE ENERGY INC COM NEW 1,737,250 1,737,250
    CHEVRON CORP 920,768 920,768
    CINEMARK HOLDINGS INC 620,286 620,286
    CISCO SYSTEMS INC 2,408,564 2,408,564
    CISCO SYSTEMS INC 1,629,775 1,629,775
    CITIGROUP INC. 1,076,100 1,076,100
    CITIGROUP INC. 873,076 873,076
    CITIGROUP INC. 811,164 811,164
    COCA-COLA EUROPEAN PARTNERS PLC 447,516 447,516
    COGNIZANT TECH SOLUTIONS CRP COM 2,314,500 2,314,500
    COMCAST CORP CLASS A 2,832,800 2,832,800
    COMCAST CORP CLASS A 688,795 688,795
    COMMSCOPE HOLDING CO INC 1,015,080 1,015,080
    CONAGRA BRANDS INC 984,383 984,383
    COSTCO WHOLESALE CORP 1,212,685 1,212,685
    CVS HEALTH CORPORATION 1,180,800 1,180,800
    CVS HEALTH CORPORATION 893,393 893,393
    DELTA AIR LINES INC 1,270,352 1,270,352
    DIAGEO PLC - ADR SPONSORED ADR 2,125,050 2,125,050
    DOUGLAS DYNAMICS INC 766,933 766,933
    DOWDUPONT INC 775,128 775,128
    DOWDUPONT INC 723,809 723,809
    EASTGROUP PPTYS INC COM 789,821 789,821
    EATON CORP PLC 1,033,822 1,033,822
    EDWARDS LIFESCIENCES CORP 736,791 736,791
    EOG RESOURCES, INC 1,275,700 1,275,700
    EOG RESOURCES, INC 660,813 660,813
    EXXON MOBIL CORPORATION 1,700,400 1,700,400
    FACEBOOK INC 1,344,461 1,344,461
    FEDEX CORPORATION 2,769,085 2,769,085
    FIRSTENERGY CORP COM 979,578 979,578
    FLEETCOR TECHNOLOGIES INC 1,594,880 1,594,880
    FLEETCOR TECHNOLOGIES INC 535,880 535,880
    FNF GROUP 637,470 637,470
    FORTINET INC 1,139,996 1,139,996
    FREEPORT-MCMORAN INC. COMMON STOCK 778,212 778,212
    GENERAL ELECTRIC CO 564,500 564,500
    GENERAL ELECTRIC CO 318,491 318,491
    GENERAL MILLS INC 909,046 909,046
    GENERAL MOTORS CO 437,845 437,845
    GOLDMAN SACHS GROUP INC 1,793,920 1,793,920
    GOLDMAN SACHS GROUP INC 755,465 755,465
    HALLIBURTON CO 543,102 543,102
    HARTFORD FINANCIAL SERVICES GROUP INC COM 743,954 743,954
    HCA HOLDINGS INC 421,673 421,673
    HESS CORP COM 620,742 620,742
    HOME DEPOT INC 1,187,177 1,187,177
    HOME DEPOT INC 648,380 648,380
    HONEYWELL INTERNATIONAL INC 1,226,035 1,226,035
    HORACE MANN EDUCATORS CORP NEW 630,845 630,845
    HUBSPOT INC 589,007 589,007
    HUMANA INC 650,974 650,974
    HUNTINGTON BANCSHARES INC 807,739 807,739
    IBERIABANK CORP 937,966 937,966
    IDEXX CORP 815,889 815,889
    ILLUMINA INC 464,698 464,698
    INGREDION INC 313,830 313,830
    INTEL CORP COMM 1,015,316 1,015,316
    INTERNATIONAL BUSINESS MACHS CORP COM 1,327,170 1,327,170
    IVA INTERNATIONAL FUND CLASS I 11,675,646 11,675,646
    JOHNSON & JOHNSON 1,865,295 1,865,295
    JOHNSON & JOHNSON 1,040,420 1,040,420
    JPMORGAN CHASE & CO 3,610,880 3,610,880
    JPMORGAN CHASE & CO 2,363,885 2,363,885
    KELLOGG CO 1,167,864 1,167,864
    KNOLL INC COM NEW 621,425 621,425
    L3 TECHNOLOGIES INC 595,336 595,336
    LABORATORY CRP OF AMER HLDGS 1,910,480 1,910,480
    LAMAR ADVERTISING COMPANY 1,022,837 1,022,837
    LANCASTER COLONY CORP 355,120 355,120
    LAS VEGAS SANDS CORP COM 420,650 420,650
    LEGGETT & PLATT INC 835,075 835,075
    LIBERTY GLOBAL PLC 1,830,400 1,830,400
    LPL FINANCIAL HOLDINGS INC 396,478 396,478
    M & T BANK CORPORATION COM 1,316,320 1,316,320
    MARATHON PETROLEUM CORP 1,364,608 1,364,608
    MARSH & MCLENNAN COS INC 553,397 553,397
    MCDONALDS CORP 568,786 568,786
    MCGRATH RENTCORP 563,220 563,220
    MCKESSON CORP 398,746 398,746
    MERCK & CO INC NEW 2,041,724 2,041,724
    MEREDITH CORP 1,071,029 1,071,029
    MICRON TECHNOLOGY INC 1,175,980 1,175,980
    MICROSOFT CORP 4,002,950 4,002,950
    MICROSOFT CORP 1,124,257 1,124,257
    MID AMERICA APARTMENT COM 827,487 827,487
    MORGAN STANLEY COM 717,131 717,131
    MOSAIC CO/THE 975,667 975,667
    NATIONAL INSTRS CORP COM 626,840 626,840
    NESTLE S.A. REGISTERED SHARES - ADR SPONSORED ADR 1,081,600 1,081,600
    NVIDIA CORP COM 609,813 609,813
    OCCIDENTAL PETE CORP 1,654,246 1,654,246
    OMNICOM GROUP 915,685 915,685
    ORACLE CORPORATION 627,537 627,537
    O'REILLY AUTOMOTIVE INC 729,719 729,719
    OUTFRONT MEDIA INC. 381,604 381,604
    PACCAR INC 670,035 670,035
    PACWEST BANCORP 1,204,116 1,204,116
    PAYPAL HOLDINGS INC 591,427 591,427
    PEBBLEBROOK HOTEL TRUST 1,129,652 1,129,652
    PEPSICO INC 791,879 791,879
    PFIZER INC 1,859,930 1,859,930
    PFIZER INC 1,347,220 1,347,220
    PHILLIPS 66 1,074,898 1,074,898
    PORTLAND GEN ELEC CO 246,294 246,294
    PPL CORPORATION 799,734 799,734
    PROCTER & GAMBLE CO 776,536 776,536
    QUALCOMM INC 772,306 772,306
    QUANTA SVCS INC COM 386,774 386,774
    QUEST DIAGNOSTICS INC 629,763 629,763
    RAYTHEON COMPANY 821,474 821,474
    ROYAL DUTCH SHELL PLC SPONSORED ADR REPSTG B SHS 1,195,880 1,195,880
    SONOCO PRODS CO 733,155 733,155
    STRYKER CORP 492,174 492,174
    SUNTRUST BANKS INC 536,324 536,324
    SYNCHRONY FINANCIAL 839,160 839,160
    TARGET CORP 686,274 686,274
    TERADATA CORP 490,796 490,796
    TEXAS INSTRUMENTS INC 1,210,231 1,210,231
    TEXAS INSTRUMENTS INC 594,172 594,172
    THERMO FISHER SCIENTIFIC INC 4,149,360 4,149,360
    TRANSDIGM GROUP INC COM 1,600,890 1,600,890
    TWENTY-FIRST CENTURY FOX INC 3,207,400 3,207,400
    UNION PACIFIC CORP 2,361,035 2,361,035
    UNION PACIFIC CORP 810,893 810,893
    UNITED BANKSHARES INC COM 657,935 657,935
    UNITED TECHNOLOGIES CORP 1,478,770 1,478,770
    UNITEDHEALTH GROUP INC 854,520 854,520
    VALERO ENERGY CORP 992,355 992,355
    VERIZON COMMUNICATIONS 806,189 806,189
    VERIZON COMMUNICATIONS 2,314,029 2,314,029
    VISA INC-CLASS A SHRS 5,403,240 5,403,240
    VOYA FINANCIAL, INC. 873,795 873,795
    VULCAN MATERIALS COMPANY 1,030,713 1,030,713
    WELLS FARGO & CO 1,839,600 1,839,600
    WILLIAMS COS INC 708,843 708,843
    YUM CHINA HOLDINGS INC 596,870 596,870

    TY 2017 InvestmentsGovtObligationsSch
    Name:
    THE CANNON FOUNDATION INC
    EIN:
    56-6042532
    US Government Securities - End of Year Book Value:

    16,579,557
    US Government Securities - End of Year Fair Market Value:

    16,579,557
    State & Local Government Securities - End of Year Book Value:


    1,173,264
    State & Local Government Securities - End of Year Fair Market Value:


    1,173,264


    TY 2017 LegalFeesSchedule
    Name:
    THE CANNON FOUNDATION INC
    EIN:
    56-6042532
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL 36,164 4,481   34,178


    TY 2017 OtherAssetsSchedule
    Name:
    THE CANNON FOUNDATION INC
    EIN:
    56-6042532
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    INVESTMENT INCOME RECEIVABLE 426,917 423,598 423,598
    FEDERAL NET INVESTMENT INCOME TAX RECEIVABLE 37,262 3,557 3,557


    TY 2017 OtherExpensesSchedule
    Name:
    THE CANNON FOUNDATION INC
    EIN:
    56-6042532
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE SUPPLIES & EXPENSE 22,460 3,369   18,135
    INSURANCE 9,790 1,469   8,322
    DUES, PUBLICATIONS & SUBSCRIPTIONS 1,008 151   857
    MISCELLANEOUS 17 3   14
    NFP ASSOCIATION / ORGANIZATIONAL DUES & MEMBERSHIPS 25,980 0   25,980


    TY 2017 OtherIncreasesSchedule
    Name:
    THE CANNON FOUNDATION INC
    EIN:
    56-6042532
    Description Amount
    UNREALIZED APPRECIATION IN INVESTMENT PORTFOLIO 14,098,485


    TY 2017 OtherLiabilitiesSchedule
    Name:
    THE CANNON FOUNDATION INC
    EIN:
    56-6042532
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED FEDERAL NET INVESTMENT EXCISE TAX 1,154,999 1,493,621


    TY 2017 OtherProfessionalFeesSchedule
    Name:
    THE CANNON FOUNDATION INC
    EIN:
    56-6042532
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT CUSTODIAL, CONSULTANT & MANAGEMENT 997,121 932,832   64,473
    INFORMATION TECHNOLOGY 75,936 11,390   35,053
    MARKETING & PROMOTION 26,852 0   50,180


    TY 2017 TaxesSchedule
    Name:
    THE CANNON FOUNDATION INC
    EIN:
    56-6042532
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL NET INVESTMENT INCOME EXCISE TAX 168,705 0   0
    DEFERRED FEDERAL NET INVESTMENT INCOME EXCISE TAX 338,622 0   0
    PAYROLL TAXES 28,561 4,284   24,277