TY 2023 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2023

Open to Public Inspection

For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023

Name of foundation
ANNE CANNON TRUST

Number and street (or P.O. box number if mail is not delivered to street address)116 ALLEGHENY CENTER MALL P8YB3502L
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
PITTSBURGH, PA15212

A Employer identification number

54-6603260

B Telephone number (see instructions)

(470) 386-8999

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$1,034,288J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	20,911		20,817
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		6,346
b	Gross sales price for all assets on line 6a 152,260
7	Capital gain net income (from Part IV, line 2)...			6,346
8	Net short-term capital gain.........				0
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).......	List of Attached Documents: // Content	399
12	Total. Add lines 1 through 11........	27,656		27,163
13	Compensation of officers, directors, trustees, etc.	6,430		3,230		3,200
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	249	249		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	6,679		3,479	0	3,200
25	Contributions, gifts, grants paid.......	35,000				35,000
26	Total expenses and disbursements. Add lines 24 and 25	41,679		3,479	0	38,200
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-14,023
b	Net investment income (if negative, enter -0-)			23,684
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2023)

Form 990-PF (2023)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	57,133	71,878	71,878
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	316,775	List of Attached Documents: // Content 316,333	608,346
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	322,862	List of Attached Documents: // Content 294,275	354,064
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	696,770	682,486	1,034,288
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	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 )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	696,770	682,486
	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).....	696,770	682,486
	30	Total liabilities and net assets/fund balances (see instructions).	696,770	682,486

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

696,770

Enter amount from Part I, line 27a .....................

-14,023

Other increases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

625

Add lines 1, 2, and 3 ..........................

683,372

Decreases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

886

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

682,486

Form 990-PF (2023)

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	15. AMAZON COM INC		2021-08-26	2023-02-09
b	14. GOLDMAN SACHS GROUP INC		2021-03-15	2023-02-09
c	80. BANK OF AMERICA CORP		2018-07-27	2023-03-14
d	9. CDW CORP/DE			2023-03-14
e	17. JPMORGAN CHASE & CO		2009-01-13	2023-03-14
	9. MICROSOFT CORP		2018-09-14	2023-03-14
	28. MORGAN STANLEY			2023-03-14
	4216.06 BLACKROCK HIGH YIELD BOND PORTFOLIO CL INSTL			2023-03-28
	25. AVERY DENNISON CORP			2023-04-12
	98. CAPRI HLDGS LTD SEDOL			2023-04-12
	10. JPMORGAN CHASE & CO		2009-01-13	2023-05-16
	15. MORGAN STANLEY		2020-01-27	2023-05-16
	5. S&P GLOBAL INC		2016-05-20	2023-05-16
	64. TRUIST FINANCIAL CORP		2016-06-24	2023-05-16
	50. TRUIST FINANCIAL CORP		2016-06-24	2023-05-17
	5. BROADCOM INC		2019-02-11	2023-06-02
	5. CDW CORP/DE			2023-06-02
	30. EXXON MOBIL CORP		2021-02-19	2023-06-02
	10. MOTOROLA SOLUTIONS INC			2023-06-02
	10. CDW CORP/DE			2023-06-05
	38. UNION PACIFIC CORP			2023-07-07
	30. DICK'S SPORTING GOODS, INC.		2023-04-12	2023-08-25
	65. CVS HEALTH CORPORATION			2023-09-06
	15. COCA COLA CO		2022-12-06	2023-09-06
	144. COCA COLA CO		2022-06-02	2023-09-06
	16. ZOETIS INC		2021-12-17	2023-09-06
	13. BUNGE LIMITED MERGED 11/01/23			2023-09-06
	1. ZOETIS INC		2021-12-17	2023-09-07
	100. FORTINET INC		2020-05-12	2023-10-03
	16. LOCKHEED MARTIN CORP		2022-06-02	2023-10-16
	971.628 VANGUARD INFLATION PROTECTED SECURITIES FUND ADMIRAL SHS		2017-02-09	2023-11-27
	6. ELI LILLY & CO			2023-11-28
	14. QUANTA SVCS INC			2023-11-28
	36. WASTE MANAGEMENT INC		2022-08-30	2023-11-28
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,480	2,488	-1,008
b	5,179	4,836	343
c	2,295	2,484	-189
d	1,715	1,087	628
e	2,255	446	1,809
	2,324	1,019	1,305
	2,511	1,519	992
	28,163	33,349	-5,186
	4,446	4,477	-31
	4,260	5,908	-1,648
	1,343	262	1,081
	1,230	797	433
	1,801	541	1,260
	1,748	2,021	-273
	1,407	1,579	-172
	4,062	1,373	2,689
	873	582	291
	3,173	1,569	1,604
	2,824	1,675	1,149
	1,703	1,158	545
	7,706	7,997	-291
	3,420	4,141	-721
	4,264	6,675	-2,411
	880	954	-74
	8,444	9,107	-663
	2,991	3,752	-761
	1,439	1,009	430
	187	234	-47
	5,769	2,828	2,941
	7,029	7,000	29
	22,134	25,000	-2,866
	3,555	1,153	2,402
	2,571	726	1,845
	6,119	6,168	-49
			960
			960
			960
			960
			960
			960
			960
			960
			960
			960
			960
			960
			960
			960
			960
			960
			960
			960
			960
			960
			960
			960
			960
			960
			960
			960
			960
			960
			960
			960
			960
			960
			960
			960

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			-1,008
b			343
c			-189
d			628
e			1,809
			1,305
			992
			-5,186
			-31
			-1,648
			1,081
			433
			1,260
			-273
			-172
			2,689
			291
			1,604
			1,149
			545
			-291
			-721
			-2,411
			-74
			-663
			-761
			430
			-47
			2,941
			29
			-2,866
			2,402
			1,845
			-49

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	6,346
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 ...................		3

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	329
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	329
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	329
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	272
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

7	Total credits and payments. Add lines 6a through 6d..............		7	272
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	57
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax0	Refunded	11	0

Form 990-PF (2023)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. right arrow

$ (2) On foundation managers. right arrow

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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? ................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

N/A

The books are in care of right arrow

PNC BANK NA Telephone no. right arrow

(470) 386-8999

Located at right arrow

116 ALLEGHENY CENTER MALLPITTSBURGHPA ZIP+4 right arrow

15212

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... right arrow

and enter the amount of tax-exempt interest received or accrued during the year ........ right arrow

16 At any time during calendar year 2023, 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 right arrow

Form 990-PF (2023)

Page 5

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

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 2023? .............

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)):

At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2023?....................

If "Yes," list the years right arrow

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

If "Yes," did it have excess business holdings in 2023 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 2023.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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 2023? ..

Form 990-PF (2023)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

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).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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 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-)
PNC BANK N A	CORPORATE TRUSTEE 1	3,230
116 ALLEGHENY CENTER MALL PITTSBURGH,PA15212	CORPORATE TRUSTEE 1	3,230
ZACHARY R TATE	CHAIRPERSON, DISTRIBUTION 1	3,200
PO BOX 2265 BLOWING ROCK,NC28605	CHAIRPERSON, DISTRIBUTION 1	3,200
WILL GRIENER	ADVISORY COMMITTEE MEMBER 1	0
1183 HERITAGE PATH LANE WINSTONSALEM,NC27103	ADVISORY COMMITTEE MEMBER 1	0
LANE C CZURA	ADVISORY COMMITTEE MEMBER 1	0
130 W 15TH STREET APT 7B NEW YORK,NY10011	ADVISORY COMMITTEE MEMBER 1	0
ELIZABETH M CZURA	ADVISORY COMMITTEE MEMBER 1	0
9 GADSDEN ST APT B CHARLESTON,SC29401	ADVISORY COMMITTEE MEMBER 1	0
LINDA F TATE	ADVISORY COMMITTEE MEMBER 1	0
312 JENSEN DRIVE BLOWING ROCK,NC28605	ADVISORY COMMITTEE MEMBER 1	0

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
NONE









Total number of other employees paid over $50,000...................				0

Form 990-PF (2023)

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
NONE

Total number of others receiving over $50,000 for professional services............. right arrow

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......................... right arrow

Form 990-PF (2023)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

952,913

Average of monthly cash balances.......................

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

952,913

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

952,913

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

14,294

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

938,619

Minimum investment return. Enter 5% (0.05) of line 5................

46,931

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.)

Minimum investment return from Part IX, line 6..................

46,931

Tax on investment income for 2022 from Part V, line 5.......

329

Income tax for 2022. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

329

Distributable amount before adjustments. Subtract line 2c from line 1............

46,602

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

46,602

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

46,602

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

38,200

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

38,200

Form 990-PF (2023)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2022	(c) 2022	(d) 2023
1 Distributable amount for 2023 from Part X, line 7					46,602
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......				9,402
b Total for prior years:20 , 20, 20			0
3 Excess distributions carryover, if any, to 2022:
a From 2018......	0
b From 2019......	0
c From 2020......	0
d From 2021......	0
e From 2022......	0
f Total of lines 3a through e ........		0
4Qualifying distributions for 2023 from Part
XI, line 4: $ 38,200
a Applied to 2022, but not more than line 2a				9,402
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 2023 distributable amount.....					28,798
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2023.		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 2022. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2023. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2024 ..........					17,804
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 2018 not applied on line 5 or line 7 (see instructions) ...		0
9 Excess distributions carryover to 2024. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2019....	0
b Excess from 2020....	0
c Excess from 2021....	0
d Excess from 2022....	0
e Excess from 2023....	0

Form 990-PF (2023)

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 2023, enter the date of the ruling ...... right arrow

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part IX for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2023	(b) 2022	(c) 2021	(d) 2020	(e) Total

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 right arrow

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

ANNE CANNON TRUST CO PNC BANK N A
800 17TH STREET NW
WASHINGTON,DC20006
(202) 973-6274

bThe form in which applications should be submitted and information and materials they should include:

BY LETTER WITH DESCRIPTION OF PURPOSE OF ORGANIZATION

cAny submission deadlines:

NONE

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

NONE

Form 990-PF (2023)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ASSOC OF STUDENT ENTREPRENUERS 416 HOWARD ST BOONE,NC28608	NONE	PC	GENERAL SUPPORT	5,000
WAKE FOREST UNIVERSITY 1834 WAKE FOREST ROAD WINSTONSALEM,NC27106	NONE	PC	GENERAL SUPPORT	15,000
BLUE RIDGE CONSERVANCY 416 AHO ROAD BLOWING ROCK,NC28605	NONE	PC	MIDDLE FORK GREENWAY	15,000
Total ................................. 3a				35,000

bApproved for future payment

Total ................................. 3b

Form 990-PF (2023)

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	(e) Related or exempt function income (See instructions.)
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	20,911
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	6,346
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aFEDERAL TAX REFUND			1	399
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..				27,656

13Total. Add line 12, columns (b), (d), and (e)..................

27,656

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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 (2023)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2023)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2023 InvestmentsCorpStockSchedule

Name:

ANNE CANNON TRUST

EIN:

54-6603260

Name of Stock	End of Year Book Value	End of Year Fair Market Value
172908105 CINTAS CORP	3,670	10,245
437076102 HOME DEPOT INC	4,563	12,129
460690100 INTERPUBLIC GROUP CO	3,184	4,635
512807108 LAM RESEARCH CORP	3,332	8,616
532457108 ELI LILLY & CO	2,774	18,071
539830109 LOCKHEED MARTIN CORP
594918104 MICROSOFT CORP	10,934	56,406
617446448 MORGAN STANLEY	3,615	6,341
620076307 MOTOROLA SOLUTIONS I	2,814	5,323
742718109 PROCTER & GAMBLE CO	4,901	7,474
863667101 STRYKER CORP	6,159	7,786
874039100 TAIWAN SEMICONDUCTOR	6,024	6,032
879360105 TELEDYNE TECHNOLOGIE	3,766	4,909
74762E102 QUANTA SVCS INC	1,708	7,121
34959E109 FORTINET INC
00287Y109 ABBVIE INC	7,792	12,708
02079K305 ALPHABET INC/CA-CL A	4,535	30,732
09247X101 BLACKROCK INC	6,093	8,118
11135F101 BROADCOM INC	3,812	15,628
12514G108 CDW CORP/DE	3,569	7,047
20030N101 COMCAST CORPORATION	3,745	5,744
22160K105 COSTCO WHOLESALE COR	3,076	9,241
30303M102 META PLATFORMS INC	9,877	19,114
46625H100 JPMORGAN CHASE & CO	1,968	12,758
58933Y105 MERCK & CO INC	10,504	14,064
78409V104 S&P GLOBAL INC	1,840	7,489
89832Q109 TRUIST FINANCIAL COR
91324P102 UNITEDHEALTH GROUP I	7,508	15,794
92826C839 VISA INC CLASS A SHA	3,509	10,674
92939U106 WEC ENERGY GROUP INC	832	3,703
G1151C101 ACCENTURE PLC CLASS	4,365	8,773
002824100 ABBOTT LABORATORIES	10,335	9,356
023135106 AMAZON COM INC	16,145	27,501
030420103 AMERICAN WATER WORKS	1,337	2,772
037833100 APPLE INC	4,371	50,635
053332102 AUTOZONE INC	2,335	7,757
053611109 AVERY DENNISON CORP
060505104 BANK OF AMERICA CORP	8,001	9,293
09260D107 BLACKSTONE INC	8,275	7,462
244199105 DEERE & CO	4,534	5,998
30231G102 EXXON MOBIL CORP	5,963	11,398
38141G104 GOLDMAN SACHS GROUP
57636Q104 MASTERCARD INC CL A	9,809	12,795
718172109 PHILIP MORRIS INTERN	8,930	8,373
806857108 SCHLUMBERGER LTD SED	4,775	7,910
907818108 UNION PACIFIC CORP
98978V103 ZOETIS INC	6,430	6,316
G16962105 BUNGE LIMITED
G1890L107 CAPRI HLDGS LTD SEDO
009158106 AIR PRODUCTS & CHEMI	3,540	3,833
126650100 CVS HEALTH CORPORATI
166764100 CHEVRON CORPORATION	6,839	6,563
191216100 COCA COLA CO
35137L105 FOX CORP - CLASS A -	5,879	4,451
580135101 MCDONALD'S CORP	5,490	5,930
94106L109 WASTE MANAGEMENT INC
101137107 BOSTON SCIENTIFIC CO	7,359	7,862
126408103 CSX CORP	8,492	8,841
127387108 CADENCE DESIGN SYSTE	6,223	8,171
150870103 CELANESE CORP	4,408	6,215
438516106 HONEYWELL INTL INC	8,615	9,647
452308109 ILLINOIS TOOL WORKS	6,996	7,596
713448108 PEPSICO INC	9,255	9,002
81762P102 SERVICE NOW INC	5,489	7,065
872540109 TJX COMPANIES INC NE	6,493	7,505
H11356104 BUNGE GLOBAL SA SEDO	3,554	4,644
H1467J104 CHUBB LTD SEDOL B3BQ	5,992	6,780

- TIN:

TY 2023 InvestmentsOtherSchedule2

Name:

ANNE CANNON TRUST

EIN:

54-6603260

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
230001703 CULLEN INTERNATIONAL	AT COST	14,624	15,198
461418444 WCM FOCUSED INTL GRO	AT COST	30,000	28,308
464287465 ISHARES MSCI EAFE ET	AT COST	40,764	70,904
464287655 ISHARES RUSSELL 2000	AT COST	13,195	54,995
921937603 VANGUARD TOTAL BD MK	AT COST	90,000	75,271
922031737 VANGUARD INFLATION P
09260B630 BLACKROCK HIGH YIELD
74256W584 PRINCIPAL MIDCAP FUN	AT COST	29,000	31,355
31428Q739 FEDERATED TOTAL RETU	AT COST	46,854	47,634
464287101 ISHARES S&P 100 ETF	AT COST	4,838	5,361
922031711 VANGUARD ULTRA-SHORT	AT COST	25,000	25,038

- TIN:

TY 2023 OtherDecreasesSchedule

Name:

ANNE CANNON TRUST

EIN:

54-6603260

Description	Amount
COST BASIS ADJUSTMENT/PY ROC	120
RETURN OF CAPITAL ADJUSTMENT	3
2023 TRANSACTION POSTED IN 2024	687
COST BASIS ADJUSTMENT	76

- TIN:

TY 2023 OtherIncomeSchedule2

Name:

ANNE CANNON TRUST

EIN:

54-6603260

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
FEDERAL TAX REFUND	399	0

- TIN:

TY 2023 OtherIncreasesSchedule

Name:

ANNE CANNON TRUST

EIN:

54-6603260

Description	Amount
2022 TRANSACTION POSTED IN 2023	623
ROUNDING ADJUSTMENT	2

- TIN:

TY 2023 TaxesSchedule

Name:

ANNE CANNON TRUST

EIN:

54-6603260

Category	Amount	Net Investment Income
FOREIGN TAXES	48	48
FOREIGN TAXES ON QUALIFIED FOR	175	175
FOREIGN TAXES ON NONQUALIFIED	26	26