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
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 10-01-2018 , and ending 09-30-2019
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$248,235,209J 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... 5,382,715 5,382,715  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 13,373,535
b Gross sales price for all assets on line 6a 96,333,403
7 Capital gain net income (from Part IV, line 2)... 13,373,535
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........ 18,756,250 18,756,250  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 288,000 43,200   174,811
14 Other employee salaries and wages...... 385,760 57,864   327,896
15 Pension plans, employee benefits....... 116,103 17,415   93,862
16a Legal fees (attach schedule)......... Click to see attachment 46,305 2,448   35,667
b Accounting fees (attach schedule)....... Click to see attachment 43,925 21,963   20,025
c Other professional fees (attach schedule).... Click to see attachment 831,137 803,008   28,096
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 212,051 5,148   29,170
19 Depreciation (attach schedule) and depletion... Click to see attachment 76,617 11,493  
20 Occupancy.............. 62,063 9,309   44,715
21 Travel, conferences, and meetings....... 23,124 104   16,471
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 97,201 13,570   95,671
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,182,286 985,522   866,384
25 Contributions, gifts, grants paid....... 10,672,500 11,177,500
26 Total expenses and disbursements. Add lines 24 and 25 12,854,786 985,522   12,043,884
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 5,901,464
b Net investment income (if negative, enter -0-) 17,770,728
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
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............. 1,269,325 1,074,433 1,074,433
2 Savings and temporary cash investments......... 3,569,996 9,739,142 9,739,142
3 Accounts receivable bullet60,785
Less: allowance for doubtful accounts bullet   52,064 60,785 60,785
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.......... 18,710 34,685 34,685
10a Investments—U.S. and state government obligations (attach schedule) 17,752,821 Click to see attachment21,489,356 21,489,356
b Investments—corporate stock (attach schedule)....... 213,295,185 Click to see attachment196,781,084 196,781,084
c Investments—corporate bonds (attach schedule)....... 14,025,524 Click to see attachment16,463,192 16,463,192
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet3,088,973
Less: accumulated depreciation (attach schedule) bullet994,171 2,135,462 Click to see attachment2,094,802 2,094,802
15 Other assets (describe bullet) Click to see attachment427,155 Click to see attachment497,730 Click to see attachment497,730
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 252,546,242 248,235,209 248,235,209
Liabilities 17 Accounts payable and accrued expenses.......... 150,876 196,644
18 Grants payable................. 1,005,000 500,000
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 attachment1,493,621 Click to see attachment1,298,556
23 Total liabilities (add lines 17 through 22)......... 2,649,497 1,995,200
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 249,896,745 246,240,009
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 249,896,745 246,240,009
31 Total liabilities and net assets/fund balances (see instructions). 252,546,242 248,235,209
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 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
249,896,745
2
Enter amount from Part I, line 27a .....................
2
5,901,464
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
195,065
4
Add lines 1, 2, and 3 ..........................
4
255,993,274
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
9,753,265
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
246,240,009
Form 990-PF (2018)
Form 990-PF (2018)
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 96,333,403   82,959,868 13,373,535
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       13,373,535
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 13,373,535
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))
2017 11,106,451 239,382,738 0.046396
2016 10,451,877 218,795,875 0.047770
2015 10,404,356 207,552,217 0.050129
2014 9,987,931 213,111,192 0.046867
2013 8,970,133 208,907,036 0.042938
2
Total of line 1, column (d) .....................
2
0.234100
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
0.046820
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
235,799,847
5
Multiply line 4 by line 3......................
5
11,040,149
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
177,707
7
Add lines 5 and 6........................
7
11,217,856
8
Enter qualifying distributions from Part XII, line 4,.............
8
12,078,118
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 (2018)
Form 990-PF (2018)
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 1 177,707
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........................... 3 177,707
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- ..... 5 177,707
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 193,556
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 142,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 335,556
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 10 157,849
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet157,849 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 2018 or the taxable year beginning in 2018? 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 (2018)
    Form 990-PF (2018)
    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 ofbulletEUGENE W COCHRANE JR INTERIM EX 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 2018, 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 2018?.............
    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 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    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 2018 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 2018.)..................
    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 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    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 DIRECTOR & PRESIDENT
    20.00     		15,000 0 0
    PO BOX 548
    CONCORD,NC28026
    ROBERT C HAYES DIRECTOR & VICE PRESIDENT
    5.00     		15,000 0 0
    PO BOX 548
    CONCORD,NC28026
    WILLIAM M CONNOLLY DIRECTOR & SECRETARY
    5.00     		15,000 0 0
    PO BOX 548
    CONCORD,NC28026
    EDWARD K PREWITT JR DIRECTOR & TREASURER
    5.00     		15,000 0 0
    PO BOX 548
    CONCORD,NC28026
    EUGENE W COCHRANE JR DIRECTOR & INTERIM EXEC. DIRECTOR
    5.00     		15,000 0 0
    PO BOX 548
    CONCORD,NC28026
    WINSLOW H GALLOWAY DIRECTOR
    5.00     		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
    WILLIAM S FISHER DIRECTOR EMERITUS (NON-VOTING)
    0.00     		0 0 0
    PO BOX 548
    CONCORD,NC28026
    DAN L GRAY DIRECTOR EMERITUS (NON-VOTING)
    0.00     		0 0 0
    PO BOX 548
    CONCORD,NC28026
    VENETIA A SKAHEN EXECUTIVE DIRECTOR (RET'D 8/16/19)
    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 (2018)
    Form 990-PF (2018)
    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 409,142
    401 N TRYON ST 2ND FLOOR
    CHARLOTTE,NC28288
    SILVERCREST ASSET MANAGEMENT GROUP INVESTMENT MGMT 218,267
    1330 AVENUE OF THE AMERICAS 38TH
    FLOOR
    NEW YORK,NY10019
    THE BOSTON COMPANY ASSET MGMT LLC INVESTMENT MGMT 151,240
    ONE BOSTON PLACE
    BOSTON,MA02108
    RAYMOND JAMES ALEX BROWN INVESTMENT CONSULTANT 62,540
    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 (2018)
    Form 990-PF (2018)
    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
    232,809,315
    b
    Average of monthly cash balances.......................
    1b
    6,261,582
    c
    Fair market value of all other assets (see instructions)................
    1c
    319,811
    d
    Total (add lines 1a, b, and c).........................
    1d
    239,390,708
    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
    239,390,708
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    3,590,861
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    235,799,847
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    11,789,992
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    11,789,992
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    177,707
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    177,707
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    11,612,285
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    11,612,285
    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
    11,612,285
    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
    12,043,884
    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
    34,234
    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
    12,078,118
    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
    177,707
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    11,900,411
    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 (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 11,612,285
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 10,536,077
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 12,078,118
    a Applied to 2017, but not more than line 2a 10,536,077
    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 2018 distributable amount..... 1,542,041
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 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 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		10,070,244
    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 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018....  
    Form 990-PF (2018)
    Form 990-PF (2018)
    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 2018, 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) 2018 (b) 2017 (c) 2016 (d) 2015
             
    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:
    EUGENE W COCHRANE JR INTERIM EXECUT
    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 (2018)
    Form 990-PF (2018)
    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
    ACTION PATHWAYS INC
    316 GREEN STREET
    FAYETTEVILLE,NC283015028     		NONE PC COOLER AND FREEZER UPGRADES 75,000
    ADA JENKINS FAMILIES AND CAREERS DEVELOPMENT CENTER INC
    POST OFFICE BOX 1842
    DAVIDSON,NC28036     		NONE PC ENTRYWAY SECURITY SYSTEM 50,000
    ADDICTION RECOVERY CARE ASSOCIATION INC
    POST OFFICE BOX 17001
    WINSTONSALEM,NC27116     		NONE PC SPRINGWOOD RENOVATION FOR INCREASED CAPACITY 75,000
    ALL SOULS COUNSELING CENTER
    35 ARLINGTON STREET
    ASHEVILLE,NC28801     		NONE PC RENOVATIONS 29,000
    ANUVIA
    100 BILLINGSLEY ROAD
    CHARLOTTE,NC28211     		NONE PC RECEPTION AREA RENOVATIONS 30,000
    APPALACHIAN THEATRE OF THE HIGH COUNTRY INC
    POST OFFICE BOX 11 DTS
    BOONE,NC28607     		NONE PC RENOVATION AND RESTORATION 50,000
    ARTS OF THE ALBEMARLE
    516 E MAIN ST
    ELIZABETH CITY,NC27909     		NONE PC FACILITIES AND AUDIO UPDATES 15,000
    ASHE SERVICES FOR AGING INC
    180 CHATTYROB LANE
    WEST JEFFERSON,NC28694     		NONE PC WHEELCHAIR ACCESSIBLE VAN 39,000
    ASHEVILLE AREA HABITAT FOR HUMANITY
    33 MEADOW ROAD
    ASHEVILLE,NC28803     		NONE PC RENOVATIONS FOR RESTORE #2 25,000
    ASSOCIATION FOR THE TEACHING OF BIBLE IN KANNAPOLIS PUBLIC SCHOOLS
    POST OFFICE BOX 987
    KANNAPOLIS,NC28082     		NONE PC INSTRUCTIONAL FUNDS 15,000
    AVERY COUNTY HISTORICAL SOCIETY
    POST OFFICE BOX 266
    NEWLAND,NC286570266     		NONE PC CABOOSE RENOVATION 10,000
    BACKPACK MINISTRY INC
    PO BOX 702
    INDIAN TRAIL,NC28079     		NONE PC FOOD WAREHOUSE OWNERSHIP AND RENOVATIONS 50,000
    BAKERSVILLE COMMUNITY MEDICAL CLINIC INC
    POST OFFICE BOX 27
    BAKERSVILLE,NC28705     		NONE PC BAKERSVILLE AND CELO CLINIC RENOVATIONS 65,000
    BAPTIST GENERAL ASSOCIATION OF VIRGINIA
    2828 EMERYWOOD PARKWAY
    RICHMOND,VA23294     		NONE PC DIRECTOR DISCRETIONARY GRANT - OPERATIONS IN NC 10,000
    BEAUFORT COUNTY COMMUNITY COLLEGE FOUNDATION
    POST OFFICE BOX 1069
    WASHINGTON,NC27889     		NONE PC HVAC SYSTEM UPGRADE 95,000
    BELMONT ABBEY COLLEGE
    100 BELMONT MT HOLLY ROAD
    BELMONT,NC28012     		NONE PC BIOLOGY LAB RENOVATIONS 115,000
    BIG BROTHERS BIG SISTERS SERVICES INC
    107 WESTDALE AVENUE
    WINSTONSALEM,NC27101     		NONE PC PURCHASE AND RENOVATE NEW SITE 50,000
    BLACK MOUNTAIN PASTORAL CARE AND COUNSELING CENTER
    201 N RIDGEWAY AVENUE
    BLACK MOUNTAIN,NC28711     		NONE PC OFFICE RENOVATION AND PANIC BUTTONS 15,000
    BLOWING ROCK ART & HISTORY MUSEUM INC
    PO BOX 828
    BLOWING ROCK,NC28605     		NONE PC ENHANCED SECURITY 30,000
    BLUE RIDGE CONSERVANCY
    POST OFFICE BOX 568
    BOONE,NC28607     		NONE PC RIVER RESTORATION 50,000
    BOY SCOUTS OF AMERICA CENTRAL NC COUNCIL
    POST OFFICE BOX 250
    ALBEMARLE,NC280020250     		NONE PC RESIDENT CAMPING 250,000
    BOYS & GIRLS CLUB OF EDEN INC
    POST OFFICE BOX 4628
    EDEN,NC27289     		NONE PC ROOFING AND HVAC SYSTEM UPGRADES 65,000
    BOYS & GIRLS CLUBS OF CENTRAL CAROLINA INC
    1414 BRAGG STREET
    SANFORD,NC27330     		NONE PC WREN CENTER KITCHEN RENOVATION 50,000
    BOYS AND GIRLS CLUB OF CABARRUS COUNTY INC
    POST OFFICE BOX 1405
    CONCORD,NC28026     		NONE PC DIRECTOR DISCRETIONARY GRANT - CAPITAL CAMPAIGN 5,000
    BOYS AND GIRLS CLUB OF CABARRUS COUNTY INC
    POST OFFICE BOX 1405
    CONCORD,NC28026     		NONE PC DIRECTOR DISCRETIONARY GRANT - CAPITAL CAMPAIGN 10,000
    BOYS AND GIRLS CLUB OF CABARRUS COUNTY INC
    POST OFFICE BOX 1405
    CONCORD,NC28026     		NONE PC FACILITY EXPANSION 1,000,000
    BREVARD COLLEGE CORPORATION
    1 BREVARD COLLEGE DR
    BREVARD,NC28712     		NONE PC SCIENCE BUILDING, RESIDENCE HALL AND SECURITY UPDATES 150,000
    BRIGADE BOYS CLUB OF WILMINGTON
    2759 VANCE STREET
    WILMINGTON,NC28412     		NONE PC REPAIRS AND CAPITAL IMPROVEMENTS 50,000
    BRUNSWICK CHRISTIAN RECOVERY CENTER
    1994 ASH-LITTLE RIVER ROAD
    ASH,NC28420     		NONE PC MEN'S AND WOMEN'S EXPANSIONS 100,000
    CABARRUS ARTS COUNCIL INC
    POST OFFICE BOX 809
    CONCORD,NC280260809     		NONE PC EQUIPMENT UPGRADES FOR DAVIS THEATRE 25,000
    CABARRUS COUNTY
    27 UNION STREET NORTH
    CONCORD,NC28025     		NONE PC GRANT IN LIEU OF TAXES 6,000
    CABARRUS COUNTY PARTNERSHIP FOR CHILDREN
    POST OFFICE BOX 87
    KANNAPOLIS,NC28082     		NONE PC SUN (SUBSTANCE USE NETWORK) PROJECT 65,000
    CABARRUS COUNTY SCHOOLS
    4401 OLD AIRPORT ROAD
    CONCORD,NC28025     		NONE PC INSTRUCTIONAL FUNDS FOR BTA 65,000
    CAPE FEAR REGIONAL THEATRE AT FAYETTEVILLE INC
    1209 HAY STREET
    FAYETTEVILLE,NC28305     		NONE PC STAGE RIGGING UPGRADE 20,000
    CAPSTONE RECOVERY CENTER INC
    418 WEST INNES STREET
    SALISBURY,NC28144     		NONE PC PASSENGER VAN 25,000
    CARING SERVICES INC
    POST OFFICE BOX 6219
    HIGH POINT,NC27262     		NONE PC PASSENGER AND CARGO VANS 55,000
    CAROLINA CAY MARITIME FOUNDATION INC
    723 COMET DRIVE BEAUFORT NC 28516
    BEAUFORT,NC28516     		NONE PC WHALE CENTER CONSTRUCTION 75,000
    CAROLINA PATRIOT ROVERS INC
    8001 CLINARD FARMS ROAD
    HIGH POINT,NC27265     		NONE PC SERVICE DOG TRAINING 50,000
    CATHOLIC CHARITIES OF THE DIOCESE OF RALEIGH INC
    PIEDMONT REGIONAL OFFICE
    DURHAM,NC27707     		NONE PC DURHAM COMMUNITY FOOD PANTRY 50,000
    CENTRE COLLEGE OF KENTUCKY
    600 WEST WALNUT STREET
    DANVILLE,KY404221394     		NONE PC DIRECTOR DISCRETIONARY GRANT 5,000
    CHARLOTTE MECKLENBURG LIBRARY FOUNDATION
    310 N TRYON STREET
    CHARLOTTE,NC28202     		NONE PC DIRECTOR DISCRETIONARY GRANT - RENOVATION AND CONSTRUCTION OF MAIN LIBRARY 10,000
    CHARLOTTE RESCUE MISSION
    PO BOX 33000
    CHARLOTTE,NC28233     		NONE PC CAFE KITCHEN EQUIPMENT 85,000
    CHATHAM HOSPITAL INC
    475 PROGRESS BLVD
    SILER CITY,NC27344     		NONE PC MATERNITY UNIT 100,000
    CHATHAM OUTREACH ALLIANCE INC
    PO BOX 1326
    PITTSBORO,NC27312     		NONE PC NEW PANTRY 50,000
    CHILDREN'S CENTER OF SURRY INC
    PO BOX 692
    DOBSON,NC27017     		NONE PC FACILITY EXPANSION 75,000
    CHILDRENS HOPE ALLIANCE
    BARIUM SPRINGS HOME FOR CHILDREN
    BARIUM SPRINGS,NC280100001     		NONE PC OFFICE RENOVATIONS 75,000
    CHRISTIAN LOVE MINISTRIES
    POST OFFICE BOX 1340
    MURPHY,NC28906     		NONE PC KITCHEN REMODEL AND UPGRADE 22,000
    CHS STANLY
    PO BOX 1489
    ALBEMARLE,NC28002     		NONE PC OPERATING ROOM BOOMS AND VIDEO INTEGRATION 250,000
    CHURCH WORLD SERVICE INC
    112 SOUTH DUKE STREET SUITE 4B
    DURHAM,NC27701     		NONE PC VEHICLE REPLACEMENT 10,000
    COMMUNITY THEATRE OF GREENSBORO
    520 S ELM STREET
    GREENSBORO,NC27406     		NONE PC HVAC UPGRADE 14,000
    CONCORD SCHOOL BIBLE TEACHING ASSOCIATION
    POST OFFICE BOX 431
    CONCORD,NC28026     		NONE PC DIRECTOR DISCRETIONARY GRANT 5,000
    CONCORD CITY OF
    POST OFFICE BOX 308
    CONCORD,NC28026     		NONE PC GRANT IN LIEU OF TAXES 4,000
    CONVERSE COLLEGE
    580 EAST MAIN STREET
    SPARTANBURG,SC29302     		NONE PC AUDITORIUM RENOVATIONS 150,000
    CONVOY OF HOPE
    POST OFFICE BOX 1125
    SPRINGFIELD,MO65801     		NONE PC HURRICANE FLORENCE RELIEF 50,000
    COOKIES FOR KID'S CANCER
    PO BOX 2565
    CORNELIUS,NC28031     		NONE PC DIRECTOR DISCRETIONARY GRANT - SPONSORSHIP 5,000
    CORE SOUND WATERFOWL MUSEUM
    PO BOX 556
    HARKERS ISLAND,NC28531     		NONE PC HURRICANE RECOVERY 50,000
    CROSSNORE SCHOOL & CHILDRENS HOME THE
    POST OFFICE BOX 249
    CROSSNORE,NC28616     		NONE PC CROSSNORE SCHOOL CAPITAL IMPROVEMENTS 150,000
    CUMBERLAND COMMUNITY FOUNDATION INC
    PO BOX 2345
    FAYETTEVILLE,NC28302     		NONE PC HURRICANE FLORENCE RELIEF 25,000
    DAVIDSON COLLEGE
    BOX 7170
    DAVIDSON,NC28035     		NONE PC LIBRARY RENOVATIONS 150,000
    DAVIDSON MEDICAL MINISTRIES CLINIC INC
    POST OFFICE BOX 584
    LEXINGTON,NC27293     		NONE PC THOMASVILLE PARKING LOT 30,000
    DRAGONFLY HOUSE CHILDRENS ADVOCACY CENTER
    387 VALLEY ROAD
    MOCKSVILLE,NC27028     		NONE PC DEBT REDUCTION CAMPAIGN 50,000
    EASTERN CATAWBA COOPERATIVE CHRISTIAN MINISTRY INC
    POST OFFICE BOX 31
    NEWTON,NC28658     		NONE PC CARGO TRUCK 20,000
    ELON HOMES FOR CHILDREN
    617 NORTH SUMMIT AVENUE
    CHARLOTTE,NC28216     		NONE PC BUILDING RENOVATION 50,000
    ENRICHMENT CENTER AN AFFILIATED CHAPTER OF THE ARC THE
    1006 SOUTH MARSHALL STREET
    WINSTONSALEM,NC27101     		NONE PC PERSONAL CARE ROOMS 45,000
    EPISCOPAL DIOCESE OF EAST CAROLINA
    POST OFFICE BOX 160
    NEWTON GROVE,NC28366     		NONE PC STORAGE FACILITY 25,000
    EXODUS OUTREACH FOUNDATION
    POST OFFICE BOX 3311
    HICKORY,NC28603     		NONE PC HOUSING RENOVATIONS 75,000
    FAMILY ABUSE SERVICES OF ALAMANCE COUNTY INC
    POST OFFICE BOX 2192
    BURLINGTON,NC27216     		NONE PC OUR SISTER'S HOUSE RENOVATION 20,000
    FAMILY CRISIS COUNCIL OF ROWAN INC
    POST OFFICE BOX 50
    SPENCER,NC28159     		NONE PC FENCE AND SECURITY UPGRADES 15,000
    FAMILY HOUSE AT UNC HOSPITALS
    123 OLD MASON FARM ROAD
    CHAPEL HILL,NC27517     		NONE PC SECU FAMILY HOUSE AT UNC HOSPITALS 50,000
    FARMVILLE PUBLIC LIBRARY
    4276 W CHURCH ST
    FARMVILLE,NC27828     		NONE PC NEW FACILITY 75,000
    FAYETTEVILLE AREA HABITAT FOR HUMANITY INC
    POST OFFICE BOX 3166
    FAYETTEVILLE,NC28302     		NONE PC HABITAT RESTORE TRUCK 40,000
    FIRST ASSEMBLY OF GOD
    280 CONCORD PKWY STE 85
    CONCORD,NC28027     		NONE PC VILLAGE FACILITY RENOVATIONS AND UPGRADES 50,000
    FIRSTHEALTH OF THE CAROLINAS INC
    925 LONG DRIVE
    ROCKINGHAM,NC28379     		NONE PC RADIOLOGY UPGRADES 125,000
    FLOWES STORE VOLUNTEER FIRE DEPARTMENT INC
    8623 FLOWES STORE ROAD
    CONCORD,NC28025     		NONE PC GENERATORS 20,000
    FOOTHILLS CONSERVANCY OF NORTH CAROLINA INC
    204 AVERY AVENUE
    MORGANTON,NC28655     		NONE PC LAND ACQUISITION 50,000
    FRIENDS OF OFCB
    POST OFFICE BOX 34563
    CHARLOTTE,NC28234     		NONE PC DIRECTOR DISCRETIONARY GRANT - ELECTRICAL SYSTEM IMPROVEMENTS FOR OFCB CAMPUS 10,000
    FRIENDS OF THE AGRI-CIVIC CENTER
    26032 NEWT RD
    ALBEMARLE,NC28001     		NONE PC LIVESTOCK ARENA 150,000
    FRIENDS OF THE WNC NATURE CENTER INC
    POST OFFICE BOX 19151
    ASHEVILLE,NC28815     		NONE PC RED PANDA EXHIBIT 25,000
    GREATER HICKORY COOPERATIVE CHRISTIAN MINISTRY
    31 1ST AVENUE SE
    HICKORY,NC28602     		NONE PC FACILITY FLOORING REPLACEMENT 35,000
    GREENSBORO URBAN MINISTRY
    305 W GATE CITY BLVD
    GREENSBORO,NC27406     		NONE PC FOOD TRUCK 30,000
    HABITAT FOR HUMANITY FOR HENDERSON COUNTY
    1111 KEITH STREET
    HENDERSONVILLE,NC28792     		NONE PC PICK-UP TRUCK 30,000
    HABITAT FOR HUMANITY OF CATAWBA VALLEY
    POST OFFICE BOX 9475
    HICKORY,NC28603     		NONE PC HEADQUARTER RENOVATIONS 45,000
    HARNETT HEALTH SYSTEM INC
    POST OFFICE BOX 1706
    DUNN,NC28335     		NONE PC DIGITAL RADIOLOGY AND EMR INTERFACE 150,000
    HAYWOOD STREET CONGREGATION
    POST OFFICE BOX 2982
    ASHEVILLE,NC28802     		NONE PC BATHROOM RENOVATION 25,000
    HINDS' FEET FARM INC
    POST OFFICE BOX 2842
    HUNTERSVILLE,NC28070     		NONE PC NEW OFFICE CONSTRUCTION 50,000
    HORIZONS RESIDENTIAL CARE CENTER
    100 HORIZONS LANE
    RURAL HALL,NC27045     		NONE PC SENSORY ROOM UPDATE 35,000
    HOSPICE HOUSE FOUNDATION OF WNC
    PO BOX 815
    FRANKLIN,NC28744     		NONE PC HOSPICE INPATIENT FACILITY 100,000
    HOSPICE OF GASTON COUNTY INC
    258 E GARRISON BLVD
    GASTONIA,NC28054     		NONE PC HOSPICE HOUSE RENOVATIONS 50,000
    INTERFAITH COMMUNITY OUTREACH INC
    POST OFFICE BOX 1663
    KILL DEVIL HILLS,NC27948     		NONE PC BUILDING, PARKING & HANDICAP RAMP IMPROVEMENTS 35,000
    INTER-FAITH COUNCIL FOR SOCIAL SERVICE
    110 WEST MAIN STREET
    CARRBORO,NC27510     		NONE PC NEW FOOD SERVICES AND ADMINISTRATIVE BUILDING 50,000
    IRENE WORTHAM CENTER INC
    916 WEST CHAPEL RD
    ASHEVILLE,NC28803     		NONE PC KITCHEN EQUIPMENT 40,000
    J ARTHUR DOSHER MEMORIAL HOSPITAL FOUNDATION INC
    924 N HOWE STREET
    SOUTHPORT,NC28461     		NONE PC PORTABLE DIGITAL X-RAY 100,000
    JAMES SPRUNT FOUNDATION INC
    POST OFFICE BOX 309
    KENANSVILLE,NC28349     		NONE PC HVAC AND ELECTRICAL UPGRADE 150,000
    JERICHO HOUSE INC
    2824 LIBERTY ROAD
    GREENSBORO,NC27406     		NONE PC BUILDING REPAIRS 30,000
    JESSE HELMS CENTER FOUNDATION THE
    POST OFFICE BOX 247
    WINGATE,NC281740247     		NONE PC MUSEUM AND DIGITAL EXHIBIT IMPROVEMENTS 50,000
    JOHNSTON MEMORIAL HOSPITAL FOUNDATION
    POST OFFICE BOX 1376
    SMITHFIELD,NC27577     		NONE PC BEHAVIORAL HEALTH PATIENT SAFETY PROJECT 50,000
    LIFE OF NC INC
    POST OFFICE BOX 30733
    GREENVILLE,NC27858     		NONE PC BUILDING RENOVATION 25,000
    LEES-MCRAE COLLEGE INCORPORATED
    POST OFFICE BOX 128
    BANNER ELK,NC286040128     		NONE PC CAMPUS UPDATES 100,000
    LENOIR GREENE PARTNERSHIP FOR CHILDREN
    1465 HWY 258 N
    KINSTON,NC28504     		NONE PC BUILDING UPDATES 25,000
    LEXINGTON MEMORIAL HOSPITAL FOUNDATION
    POST OFFICE BOX 1817
    LEXINGTON,NC272931817     		NONE PC SURGICAL FACILITY CAMPAIGN 100,000
    MANNA FOOD BANK INC
    627 SWANNANOA RIVER ROAD
    ASHEVILLE,NC28805     		NONE PC TRUCK REPLACEMENTS 50,000
    MARBLES KIDS MUSEUM
    201 E HARGETT STREET
    RALEIGH,NC27601     		NONE PC ANNEX RENOVATIONS 40,000
    MAYLAND COMMUNITY COLLEGE FOUNDATION
    PO BOX 547
    SPRUCE PINE,NC28777     		NONE PC PLANETARIUM CONSTRUCTION 100,000
    MCDOWELL TECHNICAL COMMUNITY COLLEGE FOUNDATION INCORPORATED
    54 COLLEGE DR
    MARION,NC28752     		NONE PC PEDIATRIC SIMULATION EQUIPMENT 100,000
    MITCHELL-YANCEY HABITAT FOR HUMANITY
    563 OAK AVE
    SPRUCE PINE,NC28777     		NONE PC BUILDING REPAIRS 55,000
    NASH COMMUNITY COLLEGE FOUNDATION INC
    PO 7488
    ROCKY MOUNT,NC27804     		NONE PC VETERINARY MEDICAL TECHNOLOGY PROGRAM EQUIPMENT 150,000
    NORTH CAROLINA ARBORETUM SOCIETY
    100 FREDERICK LAW OLMSTED WAY
    ASHEVILLE,NC28806     		NONE PC POND CONSERVATION PROJECT 50,000
    NORTH CAROLINA CENTRAL UNIVERSITY FOUNDATION INC
    POST OFFICE BOX 52466
    DURHAM,NC277172466     		NONE PC NMR SYSTEM 90,000
    NORTH CAROLINA COASTAL LAND TRUST
    3 PINE VALLEY DR
    WILMINGTON,NC28412     		NONE PC ROAD ENHANCEMENTS 35,000
    NORTH CAROLINA COMMUNITY FOUNDATION
    3737 GLENWOOD AVENUE SUITE 460
    RALEIGH,NC27612     		NONE PC HURRICANE FLORENCE RELIEF 100,000
    NOVANT HEALTH THOMASVILLE MEDICAL CENTER FOUNDATION INC
    POST OFFICE BOX 789
    THOMASVILLE,NC27361     		NONE PC STEREOTACTIC 3D BREAST BIOPSY SYSTEM 150,000
    OUR COMMUNITY HOSPITAL INC
    POST OFFICE BOX 405
    SCOTLAND NECK,NC27874     		NONE PC BHR RENOVATIONS AND BEDS 150,000
    OUT OF THE GARDEN PROJECT
    PO BOX 4331
    GREENSBORO,NC27404     		NONE PC TRUCK PURCHASE 30,000
    PALESTINE UNITED METHODIST CHURCH
    37362 MELTON ROAD
    ALBEMARLE,NC28001     		NONE PC DIRECTOR DISCRETIONARY GRANT 5,000
    PARKWAY PLAYHOUSE OF BURNSVILLE INC
    PO BOX 1432
    BURNSVILLE,NC28714     		NONE PC LIGHTING AND EFFICIENCY UPGRADES 30,000
    PENDER ADULT SERVICES INC
    P O BOX 1251
    BURGAW,NC28425     		NONE PC RENOVATIONS AND EXPANSION 60,000
    PFEIFFER UNIVERSITY
    POST OFFICE BOX 960
    MISENHEIMER,NC28109     		NONE PC DIRECTOR DISCRETIONARY GRANT 10,000
    PFEIFFER UNIVERSITY
    POST OFFICE BOX 960
    MISENHEIMER,NC28109     		NONE PC ROOF REPAIRS AND CAMPUS PAINT 250,000
    PIEDMONT COMMUNITY COLLEGE FOUNDATION INC
    PO BOX 1197
    ROXBORO,NC275731197     		NONE PC EQUIPMENT 109,000
    PIEDMONT LAND CONSERVANCY
    POST OFFICE BOX 4025
    GREENSBORO,NC274044025     		NONE PC LAND CONSERVATION EASEMENT 100,000
    PREVENT CHILD ABUSE ROWAN
    130 WOODSON ST
    SALISBURY,NC28144     		NONE PC EXPANSION AND RENOVATION 50,000
    PROJECT 658 INC
    3646 CENTRAL AVENUE
    CHARLOTTE,NC28205     		NONE PC SCREEN PRINTING EXPANSION 50,000
    QUEENS UNIVERSITY OF CHARLOTTE
    1900 SELWYN AVE
    CHARLOTTE,NC28274     		NONE PC ENTRY DOOR RENOVATION 150,000
    REYNOLDA HOUSE INC
    POST OFFICE BOX 7287
    WINSTONSALEM,NC27109     		NONE PC ROOF RESTORATION 100,000
    ROBESON HEALTH CARE CORPORATION
    60 COMMERCE PLAZA CIRCLE
    PEMBROKE,NC28372     		NONE PC DENTAL EQUIPMENT 150,000
    ROSELAND COMMUNITY CENTER
    POST OFFICE BOX 83
    TRYON,NC28782     		NONE PC ROOF REPAIRS 20,000
    ROWAN HELPING MINISTRIES
    226 NORTH LONG STREET
    SALISBURY,NC28144     		NONE PC LIGHTING UPGRADES 50,000
    ROWAN VOCATIONAL OPPORTUNITIES INC
    2728 OLD CONCORD ROAD
    SALISBURY,NC28146     		NONE PC FORKLIFT 24,000
    SAFE ALLIANCE
    601 E 5TH ST STE 400
    CHARLOTTE,NC28202     		NONE PC TRAUMA INFORMED TRAINING 50,000
    SALEM ACADEMY & COLLEGE
    601 SOUTH CHURCH STREET
    WINSTONSALEM,NC27101     		NONE PC DIRECTOR DISCRETIONARY GRANT - STEP-UP FOR SALEM CAMPAIGN 5,000
    SALISBURY CITY OF
    POST OFFICE BOX 479
    SALISBURY,NC28145     		NONE PC CEMETERY MEMORIAL 25,000
    SAMPSON COMMUNITY COLLEGE FOUNDATION
    PO BOX 318
    CLINTON,NC28329     		NONE PC TRUCK DRIVER TRAINING SITE 100,000
    SCHIELE MUSEUM OF NATURAL HISTORY AND PLANETARIUM INC
    1500 E GARRISON BLVD
    GASTONIA,NC28054     		NONE PC FARM SITE FENCING 35,000
    SCOTLAND NECK TOWN OF
    POST OFFICE BOX 537
    SCOTLAND NECK,NC27874     		NONE PC SENIOR CENTER BUS 40,000
    SIPE'S ORCHARD HOME
    4431 COUNTY HOME ROAD
    CONOVER,NC28613     		NONE PC COTTAGE RENOVATIONS 40,000
    SOUTH PIEDMONT COMMUNITY COLLEGE FOUNDATION INC
    POST OFFICE BOX 126
    POLKTON,NC281350126     		NONE PC STUDENT CENTER RENOVATION 100,000
    SOUTH ROWAN PUBLIC SCHOOLS BIBLE TEACHING ASSOCIATION
    POST OFFICE BOX 384
    LANDIS,NC28088     		NONE PC INSTRUCTIONAL FUNDS 10,000
    SOUTHMOUNTAIN CHILDREN AND FAMILY SERVICES
    POST OFFICE BOX 3387
    MORGANTON,NC28680     		NONE PC PURCHASE OF BUILDING FOR NASH/EDGECOMBE/WILSON COUNTY CAC 50,000
    ST JAMES EVANGELICAL LUTHERAN CHURCH
    POST OFFICE BOX 684
    CONCORD,NC28026     		NONE PC MEMORIAL FOR GLORIA FISHER 500
    ST JOHN'S REFORMED CHURCH INC
    901 N MAIN STREET
    KANNAPOLIS,NC28081     		NONE PC CAPITAL IMPROVEMENTS PROJECTS - PHASE 1 35,000
    STANLY COMMUNITY CHRISTIAN MINISTRY INC
    POST OFFICE BOX 58
    ALBEMARLE,NC28002     		NONE PC CLOTHING CLOSET REPAIRS 50,000
    STANLY COMMUNITY COLLEGE FOUNDATION INC
    141 COLLEGE DRIVE
    ALBEMARLE,NC280017458     		NONE PC CAMPUS SECURITY UPGRADES 170,000
    STANLY COUNTY FAMILY YMCA
    427 NORTH FIRST STREET
    ALBEMARLE,NC280013906     		NONE PC C. B. CROOK PAVILION RENOVATION PROJECT 150,000
    SWANNANOA VALLEY CHILD CARE COUNCIL INC
    3126 US 70 HIGHWAY
    BLACK MOUNTAIN,NC28711     		NONE PC NEW BUILDING PURCHASE 75,000
    THE HIGHLANDS HISTORICAL PRESERVATION SOCIETY INC
    524 NORTH 4TH STREET
    HIGHLANDS,NC28741     		NONE PC EXTERIOR MUSEUM UPDATES 15,000
    THE SALVATION ARMY
    POST OFFICE BOX 511
    CONCORD,NC28026     		NONE PC DIRECTOR DISCRETIONARY GRANT - CENTER OF HOPE SHELTER 5,000
    THE SALVATION ARMY
    POST OFFICE BOX 511
    CONCORD,NC28026     		NONE PC DIRECTOR DISCRETIONARY GRANT 10,000
    THE SALVATION ARMY
    POST OFFICE BOX 511
    CONCORD,NC28026     		NONE PC CENTER OF HOPE SHELTER 500,000
    THERMAL BELT OUTREACH MINISTRY
    POST OFFICE BOX 834
    COLUMBUS,NC28722     		NONE PC BUILDING RENOVATIONS 40,000
    TRYON FINE ARTS CENTER INC
    34 MELROSE AVENUE
    TRYON,NC28782     		NONE PC BUILDING EXPANSION 25,000
    UNITED SERVICE ORGANIZATIONS OF NC
    600 AIRPORT BLVD SUITE 200
    MORRISVILLE,NC27565     		NONE PC DIRECTOR DISCRETIONARY GRANT 5,000
    UNITED SERVICE ORGANIZATIONS OF NC
    600 AIRPORT BLVD SUITE 200
    MORRISVILLE,NC27560     		NONE PC USO OF NC EXPANSION AND NEW CENTER 125,000
    UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL
    160 RIDGE ROAD
    CHAPEL HILL,NC275993380     		NONE PC DIRECTOR DISCRETIONARY GRANT - JOHN BOGER SCHOLARSHIP FUND 5,000
    VAGABOND SCHOOL OF THE DRAMA INC
    POST OFFICE BOX 310
    FLAT ROCK,NC28731     		NONE PC LIGHTING UPGRADES 20,000
    VALLEYTOWN CULTURAL ARTS AND HISTORICAL SOCIETY INC
    6105 NC HWY 141
    MARBLE,NC28905     		NONE PC BASEMENT REPAIR 50,000
    VICTORY JUNCTION GANG CAMP INC
    4500 ADAMS WAY
    RANDLEMAN,NC27317     		NONE PC HVAC FOR CABINS 95,000
    VIDANT BEAUFORT HOSPITAL
    628 EAST 12TH STREET
    WASHINGTON,NC27889     		NONE PC HVAC FOR EAST TOWER 100,000
    VIDANT EDGECOMBE HOSPITAL
    111 HOSPITAL DRIVE
    TARBORO,NC27886     		NONE PC BEHAVIORAL HEALTH AND EDUCATION BUILDING RENOVATION 100,000
    VIDANT ROANOKE-CHOWAN HOSPITAL
    POST OFFICE BOX 1385
    AHOSKIE,NC27910     		NONE PC CHILLER FOR BEHAVIORAL HEALTH UNIT 100,000
    VOCATIONAL SOLUTIONS OF HENDERSON COUNTY INC
    2110 SPARTANBURG HIGHWAY
    EAST FLAT ROCK,NC28726     		NONE PC HVAC REPLACEMENT 35,000
    WARREN WILSON COLLEGE
    POST OFFICE BOX 9000
    ASHEVILLE,NC288159000     		NONE PC BUILDING RESTORATION 100,000
    WILKES HERITAGE MUSEUM INCORPORATED
    POST OFFICE BOX 935
    WILKESBORO,NC28697     		NONE PC MUSEUM REPAIRS 20,000
    WILMINGTON CHILDREN'S MUSEUM INC
    116 ORANGE STREET
    WILMINGTON,NC28401     		NONE PC RESTROOM RENOVATIONS 25,000
    WILSON COUNTY PARTNERSHIP FOR CHILDREN
    P O BOX 2661
    WILSON,NC27894     		NONE PC HVAC REPLACEMENT 25,000
    WINSTON-SALEM INDUSTRIES FOR THE BLIND INC
    7730 NORTH POINT DRIVE
    WINSTONSALEM,NC27106     		NONE PC TRANSPORTATION BUS 40,000
    YOUNG WOMEN'S CHRISTIAN ASSOCIATION OF THE CENTRAL CAROLINAS INC
    3420 PARK ROAD
    CHARLOTTE,NC28209     		NONE PC TRANSITIONAL HOUSING SHOWER REPAIRS 20,000
    Total .................................bullet 3a 11,177,500
    bApproved for future payment
    BOYS AND GIRLS CLUB OF CABARRUS COUNTY INC
    POST OFFICE BOX 1405
    CONCORD,NC28026     		NONE PC FACILITY EXPANSION AND PROGRAM OPERATION 500,000
    Total .................................bullet 3b 500,000
    Form 990-PF (2018)
    Form 990-PF (2018)
    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 5,382,715  
    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 13,373,535  
    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 18,756,250 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    18,756,250
    (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 (2018)
    Form 990-PF (2018)
    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 (2018)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 AccountingFeesSchedule
    Name:
    THE CANNON FOUNDATION INC
    EIN:
    56-6042532
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 43,925 21,963   20,025

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

    TY 2018 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
    COMPUTER EQUIPMENT 2010-04-01 76,121 53,823 SL 3.000000000000 0 0    
    FURNITURE & FIXTURES 2010-04-01 326,189 309,178 SL 7.000000000000 0 0    
    LAND 2009-09-30 100,000   L   0 0    
    BUILDING & IMPROVEMENTS 2009-09-30 2,586,664 555,781 SL 39.000000000000 66,325 0    

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    THE CANNON FOUNDATION INC
    EIN:
    56-6042532
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ABBOTT LABORATORIES DTD 11/22/16 4.900 11/30/2046 90,280 90,280
    ACE INA HOLDINGS DTD 11/03/15 3.350 05/03/2026 53,399 53,399
    AETNA INC DTD 06/09/16 2.800 06/15/2023 101,207 101,207
    AFLAC INC DTD 11/07/14 3.625 11/15/2024 133,075 133,075
    ALEXANDRIA REAL ESTATE E DTD 03/21/19 3.800 04/15/2026 79,793 79,793
    ALEXANDRIA REAL ESTATE E DTD 07/18/14 4.500 07/30/2029 67,855 67,855
    ALLEGHANY CORP DTD 06/26/12 4.950 06/27/2022 149,086 149,086
    AMAZON.COM INC DTD 02/22/18 4.050 08/22/2047 114,134 114,134
    AMERICAN EXPRESS CO DTD 02/22/19 3.400 02/22/2024 47,063 47,063
    AMERICAN EXPRESS CO DTD 07/30/19 2.500 07/30/2024 30,232 30,232
    AMERICAN HONDA FINANCE DTD 02/15/18 2.650 02/12/2021 272,627 272,627
    AMERICAN INTL GROUP DTD 02/26/16 3.300 03/01/2021 101,543 101,543
    AMERICAN INTL GROUP DTD 05/24/12 4.875 06/01/2022 128,245 128,245
    AMERISOURCEBERGEN CORP DTD 02/20/15 3.250 03/01/2025 31,065 31,065
    ANHEUSER-BUSCH COS LLC / ANHEUSER-BUSCH INBEV DTD 05/15/19 4.900 02/01/2046 29,831 29,831
    ANHEUSER-BUSCH INBEV WOR DTD 04/04/18 4.000 04/13/2028 33,086 33,086
    AON PLC DTD 03/01/16 3.875 12/15/2025 134,365 134,365
    APPLE INC DTD 05/03/13 2.400 05/03/2023 147,388 147,388
    APPLE INC DTD 09/11/19 2.050 09/11/2026 108,742 108,742
    ARCHER-DANIELS-MIDLAND C DTD 08/11/16 2.500 08/11/2026 111,197 111,197
    ASIAN DEVELOPMENT BANK DTD 01/19/18 2.250 01/20/2021 110,600 110,600
    AT&T INC DTD 02/15/16 6.000 08/15/2040 56,117 56,117
    AT&T INC DTD 03/01/11 5.350 09/01/2040 23,434 23,434
    AT&T INC DTD 05/04/15 3.400 05/15/2025 140,852 140,852
    AT&T INC DTD 06/05/19 5.350 12/15/2043 52,887 52,887
    AT&T INC DTD 08/14/18 4.900 08/15/2037 85,063 85,063
    AVALONBAY COMMUNITIES DTD 05/15/19 3.300 06/01/2029 47,495 47,495
    BANK OF AMERICA CORP DTD 01/24/12 5.700 01/24/2022 216,518 216,518
    BANK OF AMERICA CORP DTD 04/01/14 4.000 04/01/2024 55,741 55,741
    BANK OF AMERICA CORP DTD 12/20/17 3.419 12/20/2028 68,930 68,930
    BANK OF AMERICA CORP MED TERM NOTE DTD 03/05/18 03/05/2029 54,176 54,176
    BANK OF AMERICA CORP MED TERM NOTE DTD 05/17/18 05/17/2022 30,595 30,595
    BANK OF AMERICA CORP MED TERM NOTE SER L DTD 04/19/16 3.500 04/19/2026 116,785 116,785
    BANK OF NY MELLON CORP DTD 02/19/16 2.500 04/15/2021 161,226 161,226
    BB&T CORPORATION MED TERM NOTE DTD 03/18/19 3.050 06/20/2022 66,591 66,591
    BB&T CORPORATION MED TERM NOTE DTD 06/05/18 3.700 06/05/2025 74,803 74,803
    BERKSHIRE HATHAWAY INC DTD 03/15/16 3.125 03/15/2026 100,251 100,251
    BLACK HILLS CORP DTD 11/19/13 4.250 11/30/2023 90,431 90,431
    BOEING CO DTD 02/15/19 3.200 03/01/2029 73,489 73,489
    BP CAP MARKETS AMERICA DTD 11/06/18 3.245 05/06/2022 139,007 139,007
    BP CAPITAL MARKETS PLC DTD 02/13/15 2.315 02/13/2020 25,027 25,027
    BP CAPITAL MARKETS PLC DTD 11/04/14 3.535 11/04/2024 74,185 74,185
    BRISTOL-MYERS SQUIBB CO 144A PRIV PLCMT 3.200 06/15/2026 31,474 31,474
    BRISTOL-MYERS SQUIBB CO 144A PRIV PLCMT 3.400 07/26/2029 16,022 16,022
    BROADCOM CRP / DTD 01/15/18 3.000 01/15/2022 50,484 50,484
    CANADIAN IMPERIAL BANK DTD 09/13/18 3.500 09/13/2023 136,777 136,777
    CAPITAL ONE FINANCIAL CO DTD 03/09/17 3.750 03/09/2027 62,982 62,982
    CAPITAL ONE FINANCIAL CO DTD 04/30/18 4.250 04/30/2025 140,682 140,682
    CATERPILLAR INC DTD 08/15/12 3.803 08/15/2042 56,127 56,127
    CELGENE CORP DTD 08/12/15 2.875 08/15/2020 125,690 125,690
    CELGENE CORP DTD 08/12/15 3.550 08/15/2022 51,855 51,855
    CISCO SYSTEMS INC DTD 02/29/16 2.200 02/28/2021 170,881 170,881
    CISCO SYSTEMS INC DTD 09/20/16 2.500 09/20/2026 20,571 20,571
    CITIGROUP INC DTD 06/16/14 3.750 06/16/2024 185,649 185,649
    CITIGROUP INC DTD 07/30/15 4.650 07/30/2045 78,306 78,306
    CITIGROUP INC DTD 10/25/13 3.875 10/25/2023 90,004 90,004
    CITIGROUP INC DTD 11/01/11 4.500 01/14/2022 63,073 63,073
    CME GROUP INC DTD 03/09/15 3.000 03/15/2025 198,997 198,997
    COMCAST CORP DTD 02/23/16 3.150 03/01/2026 31,413 31,413
    COMCAST CORP DTD 05/07/08 6.400 05/15/2038 63,727 63,727
    COMCAST CORP DTD 10/05/18 3.950 10/15/2025 217,692 217,692
    COMCAST CORP DTD 10/05/18 4.700 10/15/2048 18,367 18,367
    CONCHO RESOURCES INC DTD 09/26/17 4.875 10/01/2047 45,738 45,738
    CONOCOPHILLIPS COMPANY DTD 03/08/16 4.950 03/15/2026 80,701 80,701
    CORNING INC DTD 11/13/17 4.375 11/15/2057 20,595 20,595
    CORP ANDINA DE FOMENTO DTD 02/11/19 3.250 02/11/2022 35,642 35,642
    CSX CORP DTD 10/18/16 2.600 11/01/2026 65,756 65,756
    CSX CORP DTD 10/20/15 3.350 11/01/2025 52,695 52,695
    CVS HEALTH CORP DTD 03/09/18 4.300 03/25/2028 43,254 43,254
    CVS HEALTH CORP DTD 07/20/15 3.875 07/20/2025 126,967 126,967
    DIAMOND 1 FIN/DIAMOND 2 144A PRIV PLCMT 6.020 06/15/2026 33,737 33,737
    DOLLAR TREE INC DTD 04/19/18 4.200 05/15/2028 16,118 16,118
    DOMINION RESOURCES INC DTD 08/09/16 2.850 08/15/2026 115,582 115,582
    DOMINION RESOURCES INC DTD 09/24/15 3.900 10/01/2025 42,734 42,734
    DOW CHEMICAL CO/THE DTD 09/16/14 3.500 10/01/2024 52,149 52,149
    DUKE ENERGY CORP DTD 04/04/14 3.750 04/15/2024 100,748 100,748
    DUKE ENERGY CORP DTD 08/12/16 2.650 09/01/2026 85,549 85,549
    DUKE ENERGY CORP DTD 08/25/11 3.550 09/15/2021 127,943 127,943
    EL PASO ENERGY CORP TRANCHE # TR 00005 DTD 01/11/02 7.750 01/15/2032 68,838 68,838
    ENERGY EAST CORP DTD 07/24/06 6.750 07/15/2036 76,116 76,116
    ENERGY TRANSFER OPERATNG DTD 01/15/19 5.250 04/15/2029 28,218 28,218
    ENERGY TRANSFER OPERATNG DTD 01/15/19 6.250 04/15/2049 48,577 48,577
    ENERGY TRANSFER PARTNERS DTD 09/19/13 4.150 10/01/2020 50,746 50,746
    ENERGY TRANSFER PARTNERS DTD 09/19/13 4.900 02/01/2024 53,851 53,851
    ERAC USA FINANCE COMPANY 144A PRIV PLCMT 7.000 10/15/2037 56,642 56,642
    ERAC USA FINANCE LLC 144A PRIV PLCMT 3.850 11/15/2024 15,950 15,950
    EUROPEAN INVESTMENT BANK DTD 01/17/18 2.500 03/15/2023 113,265 113,265
    EVERSOURCE ENERGY DTD 12/13/18 4.250 04/01/2029 83,701 83,701
    EXELON GENERATION CO LLC DTD 09/23/09 6.250 10/01/2039 50,560 50,560
    EXELON GENERATION CO LLC DTD 12/15/12 4.250 06/15/2022 52,355 52,355
    EXPRESS SCRIPTS HOLDING DTD 11/30/17 3.050 11/30/2022 35,756 35,756
    FEDEX CORP DTD 01/06/17 4.400 01/15/2047 51,228 51,228
    FIDELITY NATL INFO SERV DTD 05/21/19 3.750 05/21/2029 37,968 37,968
    FORD MOTOR CREDIT CO LLC DTD 11/04/14 2.597 11/04/2019 144,994 144,994
    GENERAL ELEC CAP CORP DTD 01/14/08 5.875 01/14/2038 42,083 42,083
    GILEAD SCIENCES INC DTD 09/14/15 3.650 03/01/2026 123,260 123,260
    GOLDMAN SACHS GROUP INC DTD 01/23/18 04/23/2029 26,543 26,543
    GOLDMAN SACHS GROUP INC DTD 01/24/12 5.750 01/24/2022 53,870 53,870
    GOLDMAN SACHS GROUP INC DTD 03/03/14 4.000 03/03/2024 63,937 63,937
    GOLDMAN SACHS GROUP INC DTD 09/15/15 2.750 09/15/2020 40,215 40,215
    HCP INC DTD 02/21/14 4.200 03/01/2024 118,303 118,303
    HEALTHCARE TRUST OF AMER DTD 09/16/19 3.100 02/15/2030 59,812 59,812
    HP ENTERPRISE CO DTD 09/19/18 3.500 10/05/2021 10,252 10,252
    HP ENTERPRISE CO DTD 10/15/16 4.400 10/15/2022 37,075 37,075
    ILLINOIS TOOL WORKS INC DTD 03/15/12 3.375 09/15/2021 102,290 102,290
    INGERSOLL-RAND GL HLD CO DTD 12/15/13 5.750 06/15/2043 109,753 109,753
    INTER-AMERICAN DEVEL BK DTD 01/18/18 2.500 01/18/2023 107,851 107,851
    INTL BK RECON & DEVELOP DTD 01/26/17 2.000 01/26/2022 110,868 110,868
    JACKSON NATL LIFE GLOBAL 144A PRIV PLCMT 3.300 02/01/2022 30,759 30,759
    JOHN DEERE CAPITAL CORP MED TERM NOTE DTD 03/07/19 3.450 03/07/2029 54,091 54,091
    JOHNSON & JOHNSON DTD 03/01/16 2.050 03/01/2023 40,270 40,270
    JPMORGAN CHASE & CO DTD 01/23/12 4.500 01/24/2022 47,472 47,472
    JPMORGAN CHASE & CO DTD 12/05/18 12/05/2029 129,998 129,998
    KENTUCKY UTILITIES CO DTD 09/28/15 4.375 10/01/2045 29,665 29,665
    KEURIG DR PEPPER INC DTD 06/04/19 4.057 05/25/2023 10,576 10,576
    KEYCORP MED TERM NOTE DTD 03/24/11 5.100 03/24/2021 140,635 140,635
    KEYCORP MED TERM NOTE DTD 10/29/18 4.150 10/29/2025 153,201 153,201
    KFW DTD 01/19/18 2.375 12/29/2022 271,185 271,185
    KINDER MORGAN ENER PART DTD 05/19/10 6.550 09/15/2040 37,198 37,198
    KINDER MORGAN INC DTD 03/01/18 4.300 03/01/2028 48,803 48,803
    KRAFT HEINZ FOODS CO DTD 07/15/16 3.950 07/15/2025 31,402 31,402
    LIBERTY PROPERTY LP DTD 06/11/12 4.125 06/15/2022 114,854 114,854
    LINCOLN NATIONAL CORP DTD 03/09/15 3.350 03/09/2025 98,848 98,848
    LLOYDS BANKING GROUP PLC DTD 01/11/17 3.000 01/11/2022 101,025 101,025
    LOUISVILLE GAS & ELEC DTD 09/28/15 4.375 10/01/2045 34,925 34,925
    LOWE'S COS INC DTD 05/03/17 3.100 05/03/2027 51,611 51,611
    MANUF & TRADERS TRUST CO DTD 05/18/17 2.500 05/18/2022 100,932 100,932
    MANULIFE FINANCIAL CORP DTD 03/04/16 4.150 03/04/2026 137,894 137,894
    MASSMUTUAL GLOBAL FUNDIN 144A PRIV PLCMT 2.950 01/11/2025 206,712 206,712
    MASTERCARD INC DTD 03/31/14 3.375 04/01/2024 132,759 132,759
    MAXIM INTEGRATED PRODUCT DTD 03/18/13 3.375 03/15/2023 128,675 128,675
    MCDONALD'S CORP DTD 12/09/15 3.700 01/30/2026 107,338 107,338
    MEDTRONIC INC DTD 03/15/15 4.625 03/15/2045 11,554 11,554
    MERCK & CO INC DTD 03/07/19 2.900 03/07/2024 25,979 25,979
    MERCK & CO INC DTD 03/07/19 3.400 03/07/2029 10,848 10,848
    MET LIFE GLOB FUNDING I 144A PRIV PLCMT 2.400 01/08/2021 150,711 150,711
    MICROSOFT CORP DTD 02/06/17 3.300 02/06/2027 215,756 215,756
    MICROSOFT CORP DTD 11/03/15 4.450 11/03/2045 56,829 56,829
    MORGAN STANLEY DTD 01/23/19 01/23/2030 112,316 112,316
    MORGAN STANLEY DTD 02/25/13 3.750 02/25/2023 193,425 193,425
    MORGAN STANLEY DTD 07/23/15 4.000 07/23/2025 16,182 16,182
    MORGAN STANLEY DTD 07/28/11 5.500 07/28/2021 63,667 63,667
    MOSAIC CO DTD 11/13/13 4.250 11/15/2023 105,959 105,959
    MPLX LP DTD 02/10/17 4.125 03/01/2027 26,365 26,365
    MPLX LP DTD 02/10/17 5.200 03/01/2047 83,299 83,299
    MYLAN N V DTD 12/15/16 3.150 06/15/2021 50,634 50,634
    NATIONAL RETAIL PROP INC DTD 10/21/15 4.000 11/15/2025 64,306 64,306
    NEW YORK LIFE GLOBAL FDG 144A PRIV PLCMT 2.875 04/10/2024 56,717 56,717
    NISOURCE FINANCE CORP DTD 10/10/13 5.650 02/01/2045 57,990 57,990
    NORDSTROM INC DTD 04/23/10 4.750 05/01/2020 76,049 76,049
    NUTRIEN LTD DTD 04/01/19 4.200 04/01/2029 60,583 60,583
    ONTARIO (PROVINCE OF) DTD 10/07/09 4.000 10/07/2019 210,053 210,053
    ORACLE CORP DTD 07/07/16 2.650 07/15/2026 127,629 127,629
    PAYPAL HOLDINGS INC DTD 09/26/19 2.650 10/01/2026 40,276 40,276
    PEPSICO INC DTD 05/02/17 4.000 05/02/2047 58,558 58,558
    PFIZER INC DTD 03/11/19 2.950 03/15/2024 10,390 10,390
    PFIZER INC DTD 03/11/19 3.450 03/15/2029 10,827 10,827
    PFIZER INC DTD 09/07/18 3.200 09/15/2023 10,473 10,473
    PNC FINANCIAL SERVICES DTD 04/22/19 3.450 04/23/2029 213,976 213,976
    PNC FUNDING CORP DTD 03/08/12 3.300 03/08/2022 154,797 154,797
    POTOMAC ELECTRIC POWER DTD 11/16/07 6.500 11/15/2037 92,427 92,427
    PPL CAPITAL FUNDING INC DTD 03/10/14 3.950 03/15/2024 100,277 100,277
    PRECISION CASTPARTS CORP DTD 06/10/15 3.250 06/15/2025 142,152 142,152
    PRINCIPAL FINANCIAL GROU DTD 11/10/16 4.300 11/15/2046 74,043 74,043
    REPUBLIC SERVICES INC DTD 08/07/19 2.500 08/15/2024 25,266 25,266
    ROGERS COMMUNICATIONS IN DTD 10/02/13 4.100 10/01/2023 47,985 47,985
    ROYAL BANK OF CANADA DTD 07/16/19 2.550 07/16/2024 55,745 55,745
    SANTANDER HOLDINGS USA DTD 12/05/18 4.450 12/03/2021 52,224 52,224
    SEMPRA ENERGY DTD 11/17/15 3.750 11/15/2025 52,690 52,690
    SHIRE ACQ INV IRELAND DA DTD 09/23/16 2.875 09/23/2023 30,584 30,584
    SIERRA PACIFIC POWER CO SER P DTD 06/28/07 6.750 07/01/2037 21,612 21,612
    SIMON PROPERTY GROUP LP DTD 01/25/10 6.750 02/01/2040 51,429 51,429
    SOUTHERN CAL EDISON DTD 03/15/19 4.200 03/01/2029 55,761 55,761
    SPECTRA ENERGY PARTNERS DTD 09/25/13 4.750 03/15/2024 16,341 16,341
    STATE STREET CORP DTD 11/19/13 3.700 11/20/2023 106,539 106,539
    SUMITOMO MITSUI FINL GRP DTD 01/12/17 2.846 01/11/2022 136,831 136,831
    TARGET CORP DTD 03/27/19 3.375 04/15/2029 59,246 59,246
    TOTAL CAPITAL INTL SA DTD 02/19/19 3.455 02/19/2029 59,382 59,382
    TRANSCANADA PIPELINES DTD 05/07/18 4.250 05/15/2028 33,163 33,163
    UNION PACIFIC CORP DTD 02/19/19 3.150 03/01/2024 93,465 93,465
    UNITED PARCEL SERVICE DTD 09/27/12 2.450 10/01/2022 202,284 202,284
    UNITEDHEALTH GROUP INC DTD 07/23/15 4.750 07/15/2045 48,615 48,615
    UNITEDHEALTH GROUP INC DTD 07/25/19 2.875 08/15/2029 71,444 71,444
    US BANCORP DTD 07/29/19 2.400 07/30/2024 50,643 50,643
    US BANCORP MED TERM NOTE SER V DTD 07/22/16 2.375 07/22/2026 151,415 151,415
    VENTAS REALTY LP DTD 03/29/17 3.100 01/15/2023 51,271 51,271
    VEREIT OPERATING PARTNER DTD 08/11/17 3.950 08/15/2027 26,392 26,392
    VERIZON COMMUNICATIONS DTD 02/08/19 3.875 02/08/2029 60,355 60,355
    VERIZON COMMUNICATIONS DTD 06/03/19 4.016 12/03/2029 42,231 42,231
    VERIZON COMMUNICATIONS DTD 08/16/17 3.376 02/15/2025 6,329 6,329
    VISA INC DTD 12/14/15 3.150 12/14/2025 357,066 357,066
    VOLKSWAGEN INTL FIN NV 144A PRIV PLCMT 4.000 08/12/2020 101,416 101,416
    WALGREENS BOOTS ALLIANCE DTD 11/18/14 3.800 11/18/2024 121,277 121,277
    WALMART INC DTD 04/23/19 3.050 07/08/2026 63,566 63,566
    WALT DISNEY COMPANY/THE 144A PRIV PLCMT 6.650 11/15/2037 67,629 67,629
    WALT DISNEY COMPANY/THE 144A PRIV PLCMT 7.700 10/30/2025 51,898 51,898
    WALT DISNEY COMPANY/THE MED TERM NOTE DTD 11/30/12 2.350 12/01/2022 121,726 121,726
    WASTE MANAGEMENT INC DTD 02/26/15 3.125 03/01/2025 31,461 31,461
    WASTE MANAGEMENT INC DTD 02/26/15 3.900 03/01/2035 71,680 71,680
    WASTE MANAGEMENT INC DTD 05/16/16 2.400 05/15/2023 40,446 40,446
    WELLS FARGO & COMPANY DTD 03/04/16 2.500 03/04/2021 130,611 130,611
    WELLS FARGO & COMPANY MED TERM NOTE DTD 07/22/15 4.300 07/22/2027 60,259 60,259
    WESTERN GAS PARTNERS LP DTD 03/02/18 4.500 03/01/2028 14,484 14,484
    WESTERN GAS PARTNERS LP DTD 07/12/16 4.650 07/01/2026 34,582 34,582

    TY 2018 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 1,049,215 1,049,215
    ALPHABET INC CL C 6,413,159 6,413,159
    AMAZON COM INC COM 637,079 637,079
    AMERICAN EXPRESS CO 1,774,200 1,774,200
    AMERICAN INTERNATIONAL GROUP, INC 1,274,082 1,274,082
    AMERICAN TOWER CORP 3,095,820 3,095,820
    AMERICAN WATER WORKS CO INC/NE 565,247 565,247
    AMERIPRISE FINL INC 1,066,475 1,066,475
    AMGEN INC 888,211 888,211
    ANTHEM INC 605,532 605,532
    APPLE INC 4,031,460 4,031,460
    ASSURANT INC COM 918,360 918,360
    AT & T INC 2,408,478 2,408,478
    ATMOS ENERGY CORP 832,536 832,536
    AXALTA COATING SYSTEMS LTD. 1,206,000 1,206,000
    BANK OF AMERICA CORP 1,709,800 1,709,800
    BERKSHIRE HATHAWAY INC DEL CLASS A COM 4,677,480 4,677,480
    BERKSHIRE HATHAWAY INC. 2,754,185 2,754,185
    BLACKROCK INC 330,665 330,665
    BOEING CO 631,580 631,580
    BOOKING HOLDINGS INC 981,305 981,305
    BROADCOM INC 707,015 707,015
    CERNER CORP COM 1,363,400 1,363,400
    CF INDS HLDGS INC COM 1,601,017 1,601,017
    CHENIERE ENERGY INC COM NEW 1,450,380 1,450,380
    CHEVRON CORP 893,058 893,058
    CHIPOTLE MEXICAN GRILL INC CL A 626,991 626,991
    CINEMARK HOLDINGS INC 596,215 596,215
    CISCO SYSTEMS INC 3,122,811 3,122,811
    CITIGROUP INC. 4,437,561 4,437,561
    CLEARWAY ENERGY INC 763,160 763,160
    COGNIZANT TECH SOLUTIONS CRP COM 903,975 903,975
    COMCAST CORP CLASS A 4,197,669 4,197,669
    CONAGRA BRANDS INC 1,120,863 1,120,863
    CORNING INC 1,136,123 1,136,123
    CVS HEALTH CORPORATION 2,445,098 2,445,098
    DELTA AIR LINES INC 795,110 795,110
    DIAGEO PLC - ADR SPONSORED ADR 2,125,760 2,125,760
    DINE BRANDS GLOBAL, INC. 471,849 471,849
    DOUGLAS DYNAMICS INC 576,290 576,290
    DOW INC 360,425 360,425
    DUPONT DE NEMOURS INC. 617,473 617,473
    EASTGROUP PPTYS INC COM 1,032,665 1,032,665
    EATON CORP PLC 1,342,873 1,342,873
    EDISON INTL COM 1,307,104 1,307,104
    EOG RESOURCES, INC 384,460 384,460
    EXXON MOBIL CORPORATION 1,412,200 1,412,200
    FEDEX CORPORATION 1,674,055 1,674,055
    FLEETCOR TECHNOLOGIES INC 2,007,460 2,007,460
    FMC CORP COM NEW 575,181 575,181
    FNF GROUP 719,442 719,442
    FOX CORP 1,261,600 1,261,600
    FREEPORT-MCMORAN INC. COMMON STOCK 369,498 369,498
    GENERAL MILLS INC 1,401,150 1,401,150
    GENERAL MOTORS CO 710,696 710,696
    GOLDMAN SACHS GROUP INC 3,583,214 3,583,214
    HALLIBURTON CO 252,590 252,590
    HARTFORD FINANCIAL SERVICES GROUP INC COM 736,230 736,230
    HESS CORP COM 1,296,812 1,296,812
    HOME DEPOT INC 853,834 853,834
    HONEYWELL INTERNATIONAL INC 1,386,763 1,386,763
    HORACE MANN EDUCATORS CORP NEW 650,937 650,937
    HUMANA INC 353,080 353,080
    HUNTINGTON BANCSHARES INC 911,967 911,967
    IBERIABANK CORP 870,976 870,976
    INGREDION INC 485,536 485,536
    INTEL CORP COMM 640,003 640,003
    INTERNATIONAL BUSINESS MACHS CORP COM 1,034,954 1,034,954
    IVA INTERNATIONAL FUND CLASS I 11,003,176 11,003,176
    JOHNSON & JOHNSON 2,720,861 2,720,861
    JPMORGAN CHASE & CO 6,135,180 6,135,180
    KNOLL INC COM NEW 752,135 752,135
    L3HARRIS TECHNOLOGIES INC 1,533,087 1,533,087
    LABORATORY CRP OF AMER HLDGS 1,848,000 1,848,000
    LAMAR ADVERTISING COMPANY 716,642 716,642
    LANCASTER COLONY CORP 340,386 340,386
    LEGGETT & PLATT INC 904,365 904,365
    LENNAR CORPORATION CLASS A COMMON 972,628 972,628
    LPL FINANCIAL HOLDINGS INC 354,955 354,955
    M & T BANK CORPORATION COM 1,579,700 1,579,700
    MARATHON PETROLEUM CORP 1,761,689 1,761,689
    MARSH & MCLENNAN COS INC 669,335 669,335
    MCDONALDS CORP 551,590 551,590
    MCGRATH RENTCORP 919,980 919,980
    MEDTRONIC, PLC 2,194,233 2,194,233
    MERCK & CO INC NEW 1,749,092 1,749,092
    MEREDITH CORP 769,127 769,127
    MICRON TECHNOLOGY INC 1,028,400 1,028,400
    MICROSOFT CORP 6,661,761 6,661,761
    MID AMERICA APARTMENT COM 1,073,883 1,073,883
    MORGAN STANLEY COM 898,844 898,844
    MOSAIC CO/THE 544,337 544,337
    NESTLE S.A. REGISTERED SHARES - ADR SPONSORED ADR 1,409,200 1,409,200
    NEWMONT GOLDCORP CORPORATION 738,075 738,075
    OCCIDENTAL PETE CORP 776,802 776,802
    OMNICOM GROUP 933,571 933,571
    O'REILLY AUTOMOTIVE INC 742,026 742,026
    OUTFRONT MEDIA INC. 470,510 470,510
    PACWEST BANCORP 918,312 918,312
    PAYPAL HOLDINGS INC 704,308 704,308
    PEBBLEBROOK HOTEL TRUST 864,089 864,089
    PEPSICO INC 1,003,161 1,003,161
    PFIZER INC 2,046,860 2,046,860
    PHILLIPS 66 972,493 972,493
    PIONEER NAT RES CO COM 880,390 880,390
    PPL CORPORATION 937,457 937,457
    PROCTER & GAMBLE CO 856,978 856,978
    PROOFPOINT INC 608,084 608,084
    QUALCOMM INC 991,030 991,030
    ROYAL DUTCH SHELL PLC SPONSORED ADR REPSTG B SHS 1,009,914 1,009,914
    SONOCO PRODS CO 833,567 833,567
    STRYKER CORP 599,151 599,151
    SYNCHRONY FINANCIAL 1,090,880 1,090,880
    SYNOVUS FINANCIAL CORP 799,951 799,951
    TARGET CORP 1,708,636 1,708,636
    TERADATA CORP 357,244 357,244
    TEXAS INSTRUMENTS INC 2,090,457 2,090,457
    THERMO FISHER SCIENTIFIC INC 3,786,510 3,786,510
    TRANSDIGM GROUP INC COM 1,874,412 1,874,412
    UNION PACIFIC CORP 3,682,939 3,682,939
    UNITED BANKSHARES INC COM 936,904 936,904
    UNITED TECHNOLOGIES CORP 1,485,747 1,485,747
    US BANCORP 1,158,100 1,158,100
    VALERO ENERGY CORP 776,281 776,281
    VERIZON COMMUNICATIONS 911,436 911,436
    VISA INC-CLASS A SHRS 5,168,212 5,168,212
    VOYA FINANCIAL, INC. 1,055,428 1,055,428
    VULCAN MATERIALS COMPANY 1,516,786 1,516,786
    WALT DISNEY CO 2,606,400 2,606,400
    WELLS FARGO & CO 1,765,400 1,765,400
    WILLIAMS COS INC 883,002 883,002
    WILLIS TOWERS WATSON PUB LTDCO 483,969 483,969
    XILINX INC 336,034 336,034
    YUM CHINA HOLDINGS INC 908,600 908,600

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    THE CANNON FOUNDATION INC
    EIN:
    56-6042532
    US Government Securities - End of Year Book Value:

    20,977,119
    US Government Securities - End of Year Fair Market Value:

    20,977,119
    State & Local Government Securities - End of Year Book Value:


    512,237
    State & Local Government Securities - End of Year Fair Market Value:


    512,237


    TY 2018 LandEtcSchedule2
    Name:
    THE CANNON FOUNDATION INC
    EIN:
    56-6042532
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    COMPUTER EQUIPMENT 76,121 53,823 22,298  
    FURNITURE & FIXTURES 326,189 309,178 17,011  
    LAND 100,000 0 100,000  
    BUILDING & IMPROVEMENTS 2,586,664 622,106 1,964,558  


    TY 2018 LegalFeesSchedule
    Name:
    THE CANNON FOUNDATION INC
    EIN:
    56-6042532
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL 46,305 2,448   35,667


    TY 2018 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 423,598 481,906 481,906
    FEDERAL EXCISE TAX RECEIVABLE 3,557 15,824 15,824


    TY 2018 OtherDecreasesSchedule
    Name:
    THE CANNON FOUNDATION INC
    EIN:
    56-6042532
    Description Amount
    UNREALIZED DEPRECIATION IN INVESTMENT PORTFOLIO 9,753,265


    TY 2018 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 54,630 6,902   61,092
    INSURANCE 12,713 1,907   9,484
    NFP/TEO ORGANIZATION MEMBERSHIPS/DUES 27,502 4,409   23,093
    OTHER DUES & SUBSCRIPTIONS 1,025 154   871
    MISCELLANEOUS/OTHER 1,331 198   1,131


    TY 2018 OtherIncreasesSchedule
    Name:
    THE CANNON FOUNDATION INC
    EIN:
    56-6042532
    Description Amount
    DEFERRED EXCISE TAX OTHER INCOME ADJUSTMENT 195,065


    TY 2018 OtherLiabilitiesSchedule
    Name:
    THE CANNON FOUNDATION INC
    EIN:
    56-6042532
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED FEDERAL EXCISE TAX PAYABLE 1,493,621 1,298,556


    TY 2018 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 822,907 803,008   19,866
    STRATEGIC PLANNING 4,000 0   4,000
    MISCELLANEOUS/OTHER 4,230 0   4,230


    TY 2018 TaxesSchedule
    Name:
    THE CANNON FOUNDATION INC
    EIN:
    56-6042532
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    NET INVESTMENT INCOME 177,733 0   0
    PAYROLL 34,318 5,148   29,170