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. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 10-01-2021 , and ending 09-30-2022
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$249,155,088J 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... 5,260,324 5,260,324  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 18,770,427
b Gross sales price for all assets on line 6a 72,948,321
7 Capital gain net income (from Part IV, line 2)... 18,770,427
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........ 24,030,751 24,030,751  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 341,455 51,218   290,237
14 Other employee salaries and wages...... 183,850 27,578   147,773
15 Pension plans, employee benefits....... 94,033 14,305   90,874
16a Legal fees (attach schedule)......... Click to see attachment 40,007 0   42,478
b Accounting fees (attach schedule)....... Click to see attachment 62,357 24,755   37,602
c Other professional fees (attach schedule).... Click to see attachment 953,345 946,036   8,764
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 348,972 4,552   25,792
19 Depreciation (attach schedule) and depletion... Click to see attachment 75,042 11,257  
20 Occupancy.............. 29,660 4,449   26,967
21 Travel, conferences, and meetings....... 50,851 0   52,419
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 165,926 23,747   141,148
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,345,498 1,107,897   864,054
25 Contributions, gifts, grants paid....... 11,665,100 11,300,100
26 Total expenses and disbursements. Add lines 24 and 25 14,010,598 1,107,897   12,164,154
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 10,020,153
b Net investment income (if negative, enter -0-) 22,922,854
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
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............. 502,918 407,939 407,939
2 Savings and temporary cash investments......... 7,190,250 4,540,527 4,540,527
3 Accounts receivable bullet181,147
Less: allowance for doubtful accounts bullet   94,278 181,147 181,147
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.......... 19,400 24,471 24,471
10a Investments—U.S. and state government obligations (attach schedule) 18,930,449 Click to see attachment20,492,669 20,492,669
b Investments—corporate stock (attach schedule)....... 249,737,816 Click to see attachment204,659,191 204,659,191
c Investments—corporate bonds (attach schedule)....... 18,742,809 Click to see attachment16,546,406 16,546,406
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 bullet3,139,665
Less: accumulated depreciation (attach schedule) bullet1,229,021 1,969,533 Click to see attachment1,910,644 1,910,644
15 Other assets (describe bullet) Click to see attachment306,582 Click to see attachment392,094 Click to see attachment392,094
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 297,494,035 249,155,088 249,155,088
Liabilities 17 Accounts payable and accrued expenses.......... 246,826 132,093
18 Grants payable................. 185,000 550,000
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 attachment1,438,362 Click to see attachment620,006
23 Total liabilities (add lines 17 through 22)......... 1,870,188 1,302,099
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........... 295,623,847 247,852,989
25 Net assets with donor restrictions............ 0 0
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)..... 295,623,847 247,852,989
30 Total liabilities and net assets/fund balances (see instructions). 297,494,035 249,155,088
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
295,623,847
2
Enter amount from Part I, line 27a .....................
2
10,020,153
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
814,618
4
Add lines 1, 2, and 3 ..........................
4
306,458,618
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
58,605,629
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
247,852,989
Form 990-PF (2021)
Form 990-PF (2021)
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 INVESTMENT PORTFOLIO      
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 72,948,321   54,177,894 18,770,427
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       18,770,427
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 18,770,427
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  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
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 for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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........................... 3 318,628
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- ..... 5 318,628
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 346,262
b Exempt foreign organizations—tax withheld at source...... 6b 0
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.............. 7 346,262
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 577
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 27,057
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet27,057 RefundedBullet 11 0
Part VI-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 the instructions
for the 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 XIV..................................
    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 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    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 (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-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 ofbulletSUZANNE PHILEMON EXECUTIVE DIRECTO 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 2021, 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 VI-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? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (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)? ......................
    1a(5)
     
    No
    (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.) ...............
    1a(6)
     
    No
    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
    c
    ........bullet
    d
    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 2021? .............
    1d
     
    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 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    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? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 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 2021.) .....................
    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 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-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))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    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
     
     
    c
    .........bullet
    d
    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? .................
    5d
     
     
    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? .............................
    6a
     
    No
    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?
    7a
     
    No
    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? .........................
    8
     
    No
    Part VII
    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
    EDWARD K PREWITT JR DIRECTOR/VICE PRESIDENT
    5.00     		15,000 0 0
    PO BOX 548
    CONCORD,NC28026
    WILLIAM M CONNOLLY DIRECTOR/TREASURER
    5.00     		15,000 0 0
    PO BOX 548
    CONCORD,NC28026
    GEORGE W LILES JR DIRECTOR/SECRETARY
    2.00     		15,000 0 0
    PO BOX 548
    CONCORD,NC28026
    JANET WARD BLACK DIRECTOR
    2.00     		15,000 0 0
    PO BOX 548
    CONCORD,NC28026
    EUGENE W COCHRANE JR DIRECTOR/INTERIM EXECUTIVE DIRECTOR
    2.00     		52,500 0 0
    PO BOX 548
    CONCORD,NC28026
    WINSLOW H GALLOWAY DIRECTOR
    2.00     		15,000 0 0
    PO BOX 548
    CONCORD,NC28026
    BRITT LEATHERMAN 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)
    1.00     		0 0 0
    PO BOX 548
    CONCORD,NC28026
    THOMAS M GRADY DIRECTOR EMERITUS (NON-VOTING)
    1.00     		3,750 0 0
    PO BOX 548
    CONCORD,NC28026
    DAN L GRAY DIRECTOR EMERITUS (NON-VOTING)
    1.00     		0 0 0
    PO BOX 548
    CONCORD,NC28026
    KATHRYN S PHILEMON EXECUTIVE DIRECTOR (STRTD 01/2022)
    40.00     		159,372 18,830 0
    PO BOX 548
    CONCORD,NC28026
    MEERA T MARKANDA FORMER EXECUTIVE DIRECTOR
    0.00     		20,833 0 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
    4 EMPLOYEES PROFESSIONAL STAFF
    40.00     		300,278 56,893 0
    PO BOX 548
    CONCORD,NC28026
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    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
    MILL CAPITAL MANAGEMENT INVESTMENT MANAGEMENT 358,223
    845 CHURCH STREET STE 308B
    CONCORD,NC28025
    BNY MELLON INVESTMENTS INVESTMENT MANAGEMENT 318,207
    200 PARK AVENUE 54TH FLOOR
    NEW YORK,NY10166
    SILVERCREST ASSET MANAGEMENT GROUP INVESTMENT MANAGEMENT 222,801
    1330 AVENUE OF THE AMERICAS 38TH
    FLOOR
    NEW YORK,NY10019
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-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 VIII-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 (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    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
    283,363,829
    b
    Average of monthly cash balances.......................
    1b
    5,315,566
    c
    Fair market value of all other assets (see instructions)................
    1c
    294,694
    d
    Total (add lines 1a, b, and c).........................
    1d
    288,974,089
    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
    288,974,089
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    4,334,611
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    284,639,478
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    14,231,974
    Part X
    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 IX, line 6..................
    1
    14,231,974
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    318,628
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    318,628
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    13,913,346
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    13,913,346
    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 XII, line 1 ...
    7
    13,913,346
    Part XI
    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
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    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 XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 13,913,346
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 9,499,962
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 12,177,885
    a Applied to 2020, but not more than line 2a 9,499,962
    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 2021 distributable amount..... 2,677,923
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 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 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		11,235,423
    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 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-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 2021, 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) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    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 IX, 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 XIV
    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:
    SUZANNE PHILEMAN 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/APPLY/
    cAny submission deadlines:
    SEE HTTP://CANNONFOUNDATION.ORG/APPLY/
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    SEE HTTP://CANNONFOUNDATION.ORG/APPLY/
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    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
    ACES FOR AUTISM
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 200,000
    APPALACHIAN SUSTAINABLE AGRICULTURE PROJECT
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 26,250
    ARTS CENTER
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 50,000
    ASHE FOOD PANTRY
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 40,000
    ASHE MEMORIAL HOSPITAL INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 100,000
    ASHE SERVICES FOR AGING INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 48,340
    ASSOCIATION FOR THE TEACHING OF BIBLE IN KANNAPOLIS PUBLIC SCHOOLS
    POST OFFICE BOX 987
    KANNAPOLIS,NC28082     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 15,000
    BACKPACK BEGINNINGS
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 60,000
    BATH HIGH SCHOOL PRESERVATION
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 75,000
    BEAUFORT COUNTY COMMUNITY COLLEGE FOUNDATION
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 99,000
    BELMONT ABBEY COLLEGE
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 75,000
    BOUND FOR GLORY CAMP
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 20,000
    BOYS & GIRLS CLUBS OF GREATER HIGH POINT INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 125,000
    BRUNSWICK COUNTY HABITAT FOR HUMANITY
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 50,000
    BRUNSWICK PARTNERSHIP FOR HOUSING INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 75,000
    CABARRUS COOPERATIVE CHRISTIAN MINISTRY INC
    POST OFFICE BOX 1717
    CONCORD,NC28026     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 15,000
    CABARRUS COUNTY SCHOOLS
    4401 OLD AIRPORT ROAD
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 60,000
    CABARRUS MEALS ON WHEELS INC
    1701 S MAIN STREET
    KANNAPOLIS,NC28081     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 5,000
    CABARRUS ROWAN COMMUNITY HEALTH CENTERS INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 150,000
    CAMPBELL UNIVERSITY
    POST OFFICE BOX 97
    BUIES CREEK,NC27506     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 90,000
    CANCER SERVICES OF GASTON COUNTY INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 25,411
    CARE CHILD ABUSE RESOURCE AND EDUCATION DBA THE JOHN 316 CENTER
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 71,890
    CAROLINA CARING FOUNDATION
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 50,000
    CAROLINA THEATRE OF GREENSBORO INC
    310 S GREENE ST
    GREENSBORO,NC27401     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 25,000
    CAROLINAS AVIATION MUSEUM
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 75,000
    CARTERET COMMUNITY COLLEGE FOUNDATION INC
    3505 ARENDELL ST
    MOREHEAD CITY,NC285572905     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 125,000
    CASWELL COUNTY PARISH INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 88,000
    CATAWBA LANDS CONSERVANCY
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 155,000
    CATAWBA SCIENCE CENTER INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 35,000
    CATHOLIC CHARITIES DIOCESE OF CHARLOTTE
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 50,000
    CENTRAL PARK NC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 75,000
    CENTRE OF REDEMPTION
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 30,000
    CHARLOTTE COMMUNITY HEALTH CLINIC INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 75,000
    CHARLOTTE MECKLENBURG LIBRARY FOUNDATION
    310 N TRYON STREET
    CHARLOTTE,NC28202     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 5,000
    CHARLOTTE RESCUE MISSION
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 150,000
    CHILDREN & FAMILY RESOURCE CENTER OF HENDERSON COUNTY INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 106,050
    CHILDREN'S HOME SOCIETY OF NORTH CAROLINA INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 75,000
    CITY OF ALBEMARLE
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 27,997
    COLABORATIVA LA MILPA
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 30,000
    COLD WATER VOLUNTEER FIRE DEPARTMENT INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 24,360
    COMMUNITY FOUNDATION OF WEST KENTUCKY
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 100,000
    COMMUNITY HOUSING COALITION OF MADISON COUNTY INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 100,000
    COMMUNITY UNITED METHODIST CHURCH
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 6,500
    CONVOY OF HOPE
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 21,000
    COUNTY OF HYDE
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 50,000
    COUNTY OF PASQUOTANK - EMERGENCY MANAGEMENT
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 35,000
    EAST CAROLINA HEALTH - CHOWAN INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 173,391
    FARM CAFE INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 5,000
    FALLEN WINGS FOUNDATION
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 5,000
    FAMILY PROMISE OF MOORE COUNTY
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 35,000
    FASHION & COMPASSION
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 35,000
    FAYETTEVILLE AREA OPERATION INASMUCH
    531 HILLSBORO STREET
    FAYETTEVILLE,NC28301     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 26,500
    FEED MY LAMBS INC
    PO BOX 91
    WADESBORO,NC281700091     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 75,000
    FEEDING AVERY FAMILIES INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 100,000
    FINANCIAL PROTECTION LAW CENTER
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 18,780
    FIRST AT BLUE RIDGE INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 65,000
    FIRST CHRISTIAN CHURCH
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 28,000
    FLETCHER HOSPITAL INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 100,000
    FLORENCE CRITTENTON SERVICES INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 125,000
    FLYNN CHRISTIAN FELLOWSHIP HOME OF WILSON NC INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 29,785
    FOOTHILLS CONSERVANCY OF NORTH CAROLINA INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 45,000
    FOUNDATION FORWARD INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 25,000
    FRIENDS OF CHARLOTTE-MECKLENBURG ANIMAL SERVICES INCORPORATED
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 2,500
    FRIENDS OF NORTH STANLY TRAILS AND PARKS INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 25,000
    FRIENDS OF OFCB
    POST OFFICE BOX 34563
    CHARLOTTE,NC28234     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 10,000
    FRIENDS OF WEYMOUTH
    POST OFFICE BOX 939
    SOUTHERN PINES,NC28388     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 45,000
    FRIENDSHIP TRAYS INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 5,000
    GARDNER-WEBB UNIVERSITY
    POST OFFICE BOX 997
    BOILING SPRINGS,NC28017     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 80,000
    GATEWAY WELLNESS FOUNDATION
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 60,000
    GHA AUTISM SUPPORTS
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 56,300
    GOOD SAMARITAN CLINIC INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 18,000
    GOODWILL INDUSTRIES OF THE SOUTHERN PIEDMONT INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 75,000
    GRAHAMTOWN TEAM
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 55,000
    GREATER MATTHEWS HABITAT FOR HUMANITY
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 61,000
    GREENSBORO CHILDREN'S MUSEUM
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 50,000
    HABITAT FOR HUMANITY FOR CRAVEN COUNTY
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 35,000
    HABITAT FOR HUMANITY FOR HENDERSON COUNTY
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 60,000
    HABITAT FOR HUMANITY MACONJACKSON NC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 45,000
    HABITAT FOR HUMANITY OF GREATER GREENSBORO INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 70,000
    HABITAT FOR HUMANITY OF PITT COUNTY
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 75,000
    HABITAT FOR HUMANITY OF SCOTLAND COUNTY INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 30,000
    HALIFAX COUNTY
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 24,919
    HAVEN HOUSE INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 50,000
    HAVEN OF TRANSYLVANIA COUNTY
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 85,000
    HAYWOOD COMMUNITY COLLEGE FOUNDATION INCORPORATED
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 150,000
    HAYWOOD STREET CONGREGATION
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 30,385
    HOMEWARD BOUND OF WESTERN NORTH CAROLINA INC
    PO BOX 1166
    ASHEVILLE,NC28802     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 75,000
    HOPE CENTER MINISTRIES
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 15,000
    HOSPICE & PALLIATIVE CARE CHARLOTTE REGION
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 5,000
    HOSPICE OF SURRY COUNTY INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 91,523
    IGLESIA PRESBITERIANA EMANUEL
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 25,000
    INDUSTRIES OF THE BLIND INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 40,000
    JERICHO HOUSE INC
    2824 LIBERTY ROAD
    GREENSBORO,NC27406     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 28,647
    KRAMDEN INSTITUTE INC
    4915 PROSPECTUS DRIVE SUITE J
    DURHAM,NC27713     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 77,800
    LANIER LIBRARY ASSOCIATION INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 8,820
    LATINAMERICAN COALITION
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 50,000
    LIFE CHALLENGE OF WESTERN NORTH CAROLINA INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 17,296
    LINCOLN COUNTY COALITION AGAINST DOMESTIC VIOLENCE
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 200,000
    LITTLE BUD THORBS ECONOMIC DEVELOPMENT ASSOCATION FOR MINORITIES IN SPORTS
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 100,000
    LUMBER RIVER UNITED WAY
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 49,350
    MADE4ME INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 12,351
    MADISON COUNTY NC HEALTH DEPARTMENT
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 36,758
    MCDOWELL TECHNICAL COMMUNITY COLLEGE FOUNDATION INCORPORATED
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 100,000
    MEDASSIST OF MECKLENBURG
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 85,000
    MONTGOMERY COMMUNITY COLLEGE FOUNDATION INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 100,000
    MOORESVILLE SOUP KITCHEN
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 100,000
    MOUNT OLIVE BAPTIST CHURCH
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 33,000
    MYERS PARK PRESBYTERIAN CHURCH
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 2,500
    NATIONAL AUDUBON SOCIETY
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 75,000
    NC COOPERATIVE EXTENSION LENOIR COUNTY CENTER
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 47,825
    NEVINS INC
    3523 NEVIN ROAD
    CHARLOTTE,NC28269     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 25,000
    NEW BERN PRESERVATION FOUNDATION INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 30,000
    NORTH CAROLINA COASTAL FEDERATION INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 100,000
    NORTH CAROLINA COASTAL LAND TRUST
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 35,000
    NORTH CAROLINA POTTERY MUSEUM INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 20,000
    NORTH CAROLINA READING SERVICE
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 12,385
    NORTH CAROLINA ZOOLOGICAL SOCIETY INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 125,000
    NOTE IN THE POCKET
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 25,000
    OCRACOKE PRESERVATION SOCIETY INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 30,000
    OPERATION HOMELESS INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 16,727
    OUR COMMUNITY HOSPITAL INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 65,000
    PAMLICO COUNTY FISHES AND LOAVES OUTREACH INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 30,115
    PARTNERS IN LEARNING CHILD DEVELOPMENT CENTER INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 150,000
    PENDER ADULT SERVICES INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 55,000
    PFEIFFER UNIVERSITY
    POST OFFICE BOX 960
    MISENHEIMER,NC28109     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 50,000
    PLAIN VIEW COMMUNITY COALITION
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 59,000
    POWER CROSS MINISTRIES
    1133 W FRONT ST
    STATESVILLE,NC28677     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 30,000
    POWERPOINT CHURCH INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 127,000
    PRESBYTERIAN COLLEGE
    503 S BROAD STREET
    CLINTON,SC293252865     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 100,000
    PROJECT DIGNITY OF WESTERN NORTH CAROLINA
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 11,263
    RAISED MINISTRIES OF NC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 29,500
    RALEIGH WAKE COUNTY DENTAL SOCIETY COMMUNITY DENTAL HEALTH PROGRAM INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 28,508
    READY FOR SCHOOL READY FOR LIFE
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 40,000
    ROCKY MOUNT FAMILY YMCA
    PO BOX 4063
    ROCKY MOUNT,NC27803     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 81,000
    ROWAN HELPING MINISTRIES
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 150,000
    ROWAN VOCATIONAL OPPORTUNITIES INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 100,000
    ROWAN-CABARRUS YOUNG MEN'S CHRISTIAN ASSOCIATION
    215 GUFFY STREET
    SALISBURY,NC28147     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 500,000
    RURAL ECONOMIC DEVELOPMENT CENTER
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 100,000
    SALVATION ARMY OF CAPE FEAR
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 100,000
    SAMPSON REGIONAL MEDICAL CENTER FOUNDATION INC
    607 BEAMAN STREET
    CLINTON,NC28328     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 153,789
    SANDHILLS AGINNOVATION CENTER INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 75,000
    SANDHILLS CHILDREN'S CENTER
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 75,000
    SANDHILLS COMMUNITY ACTION PROGRAM INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 75,000
    SANDHILLS FAMILY HERITAGE ASSOCIATION
    PO BOX 754
    SPRING LAKE,NC28390     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 50,000
    SANDHILLS-MOORE COALITION FOR HUMAN CARE INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 75,000
    SECOND HARVEST FOOD BANK OF NORTHWEST NORTH CAROLINA INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 150,000
    SENIOR SERVICES INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 100,000
    SERVANT CENTER INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 75,000
    SIXTH AVENUE PSYCHIATRIC REHABILITATION PARTNERS INC
    218 WEST ALLEN SUITE B
    HENDERSONVILLE,NC28739     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 22,000
    SOUTH PIEDMONT COMMUNITY COLLEGE FOUNDATION INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 125,000
    SOUTH ROWAN PUBLIC SCHOOLS BIBLE TEACHING ASSOCIATION
    POST OFFICE BOX 384
    LANDIS,NC28088     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 25,750
    STANLY COMMUNITY CHRISTIAN MINISTRY INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 100,000
    STECOAH VALLEY ARTS CRAFTS & EDUCATIONAL CENTER INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 47,582
    STEVE SMITH FAMILY FOUNDATION
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 100,000
    SURRY MEDICAL MINISTRIES FOUNDATION INC
    PO BOX 349
    MOUNT AIRY,NC27030     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 85,000
    SUSTAINABLE ALAMANCE
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 50,000
    TABLE
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 50,000
    THE APPLE OF HIS EYE APOSTOLIC MINISTRIES INC DBA THE ACTZ OF THE APPLE MO
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 34,000
    THE ELIZABETHAN GARDENS INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 27,000
    THE JESSE HELMS CENTER FOUNDATION
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 75,000
    THE MENTAL HEALTH FUND INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 61,000
    THE WEBB SCHOOL
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 5,000
    THE WILBERFORCE CENTER FOR JUSTICE AND HUMAN RIGHTS
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 10,000
    TOWN OF PRINCEVILLE
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 50,000
    TRIANGLE RESIDENTIAL OPTIONS FOR SUBSTANCE ABUSERS INC
    1820 JAMES STREET
    DURHAM,NC27707     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 150,000
    TRIED BY FIRE INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 45,000
    UNION COUNTY COMMUNITY SHELTER
    160 MEADOW STREET
    MONROE,NC28110     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 25,000
    UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL
    160 RIDGE ROAD
    CHAPEL HILL,NC275993380     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 5,000
    URBAN COMMUNITY ARGINOMICS
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 50,000
    VALLEY RIVER ARTS GUILD
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 13,700
    VANCE-GRANVILLE COMMUNITY COLLEGE ENDOWMENT FUND
    POST OFFICE BOX 917
    HENDERSON,NC275360917     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 107,317
    VERNER INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 21,300
    VICTORY JUNCTION GANG CAMP INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 75,000
    WATAUGA COUNTY HABITAT FOR HUMANITY INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 27,216
    WAYNE OPPORTUNITY CENTER
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 21,400
    WILKES RESCUE SQUAD INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 50,000
    WILKINSON COMMUNITY EVENT CENTER
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 112,000
    WILSON COUNTY PARTNERSHIP FOR CHILDREN
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 29,400
    WINGATE BAPTIST CHURCH
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 5,000
    WINGATE UNIVERSITY
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 5,000
    WINGS OF EAGLES RANCH
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 22,008
    WINSTON-SALEM NATIONAL LITTLE LEAGUE
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 5,000
    WINSTON-SALEM STATE UNIVERSITY FOUNDATION INCORPORATED
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 5,000
    YADKIN COUNTY RESCUE SQUAD AND EMS
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 93,912
    YMI CULTURAL CENTER
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 50,000
    YOUNG LIFE
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 5,000
    Total .................................bullet 3a 11,300,100
    bApproved for future payment
    MURPHY MEDICAL CENTER
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 150,000
    NAZARETH CHILDREN'S HOME INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 150,000
    NORTH CAROLINA ZOO 250K APPROVED
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 125,000
    MEN AND WOMEN UNITED FOR YOUTH & FAMILIES CDC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 75,000
    UNITED WAY OF ASHEVILLE AND BUNCOMBE COUNTY INC
    C/O CANNON FOUNDATION INC 52 SPRING
    STREET NW
    CONCORD,NC28025     		NONE PC TO SUPPORT THE CHARITABLE MISSION & CAPITAL PROJECTS OF THE RECIPIENT ORGANIZATION 50,000
    Total .................................bullet 3b 550,000
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-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 ....          
    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 18,770,427  
    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 24,030,751 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    24,030,751
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-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 XV-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 (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    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 instructions.
    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 (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    THE CANNON FOUNDATION INC
    EIN:
    56-6042532
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 62,357 24,755   37,602

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

    TY 2021 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
    LAND 2009-09-30 100,000   L   0 0    
    BUILDING 2009-09-30 275,000 83,073 SL 39.000000000000 6,875 0    
    BLDG RENOVATIONS 2009-09-30 2,357,421 712,917 SL 39.000000000000 57,790 0    
    COMPUTER EQUIPMENT 2019-01-01 34,496 30,558 SL 3.000000000000 2,856 0    
    FURNITURE & FIXTURES 2015-12-15 372,748 327,431 SL 7.000000000000 7,521 0    

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    THE CANNON FOUNDATION INC
    EIN:
    56-6042532
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS 16,546,406 16,546,406

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    THE CANNON FOUNDATION INC
    EIN:
    56-6042532
    Name of Stock End of Year Book Value End of Year Fair Market Value
    DOMESTIC STOCKS & MUTUAL FUNDS 175,230,824 175,230,824
    INTERNATIONAL STOCKS & MUTUAL FUNDS 24,710,071 24,710,071
    REITS 4,718,296 4,718,296

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    THE CANNON FOUNDATION INC
    EIN:
    56-6042532
    US Government Securities - End of Year Book Value:

    20,492,669
    US Government Securities - End of Year Fair Market Value:

    20,492,669
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2021 LandEtcSchedule2
    Name:
    THE CANNON FOUNDATION INC
    EIN:
    56-6042532
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LAND 100,000 0 100,000  
    BUILDING 275,000 89,948 185,052  
    BLDG RENOVATIONS 2,357,421 770,707 1,586,714  
    COMPUTER EQUIPMENT 34,496 33,414 1,082  
    FURNITURE & FIXTURES 372,748 334,952 37,796  


    TY 2021 LegalFeesSchedule
    Name:
    THE CANNON FOUNDATION INC
    EIN:
    56-6042532
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL 40,007 0   42,478


    TY 2021 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 306,582 334,460 334,460
    FEDERAL NII EXCISE TAX RECEIVABLE 0 30,000 30,000
    PREPAID FEDERAL NII EXCISE TAX 0 27,634 27,634


    TY 2021 OtherDecreasesSchedule
    Name:
    THE CANNON FOUNDATION INC
    EIN:
    56-6042532
    Description Amount
    UNREALIZED (DEPRECIATION) IN INVESTMENT PORTFOLIO 58,605,629


    TY 2021 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, TECHNOLOGY & POSTAGE 94,875 14,231   81,813
    INSURANCE 18,464 2,770   15,694
    ASSOCIATION/TEO ORGANIZATION MEMBERSHIPS/DUES 46,282 6,000   38,282
    DUES & SUBSCRIPTIONS 4,974 746   4,228
    MISC/OTHER (INCL IN DEFD COMP) 1,331 0   1,131


    TY 2021 OtherIncreasesSchedule
    Name:
    THE CANNON FOUNDATION INC
    EIN:
    56-6042532
    Description Amount
    NEGATIVE DEFERRED FEDERAL NET INVESTMENT INCOME EXCISE TAX EXPENSE 814,618


    TY 2021 OtherLiabilitiesSchedule
    Name:
    THE CANNON FOUNDATION INC
    EIN:
    56-6042532
    Description Beginning of Year - Book Value End of Year - Book Value
    FEDERAL NII EXCISE TAX PAYABLE 3,738 0
    DEFERREED FEDERAL NII EXCISE TAXES 1,434,624 620,006


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THE CANNON FOUNDATION INC
    EIN:
    56-6042532
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT CONSULTANT, MANAGEMENT & CUSTODIAL 945,253 945,253   0
    MISC./OTHER 8,092 783   8,764


    TY 2021 TaxesSchedule
    Name:
    THE CANNON FOUNDATION INC
    EIN:
    56-6042532
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAX 30,344 4,552   25,792
    FEDERAL NET INVESTMENT INCOME EXCISE TAX 318,628 0   0
    DEFERRRED NII EXCISE TAX (NEG - SEE OTHER CHGS IN NET ASSETS) 0 0   0