Charles A Cannon Trust No 1

About Charles A Cannon Trust No 1

Charles a Cannon Trust No 1’s recent giving is dominated by large institutional payments to regional acute-care hospitals in and around Concord and Cabarrus County. The biggest recorded grants go to Carolinas Medical Center-Northeast and The Charlotte-Mecklenburg Hospital Authority, both marked as required distributions, which points to a trust built around sustaining local healthcare operations rather than a broad open-call grant program. Across the latest filings, the trust also supports nearby colleges, a YMCA network, a county public health authority, and a small set of community organizations, but the hospital line remains the defining feature. The trust’s largest payments are in the multimillion-dollar range, while its broader portfolio includes six-figure awards for facility work, equipment, and operating support. That mix shows a funder that can make both mandated, high-dollar institutional transfers and more targeted local grants. In education, it has backed Wingate University, Livingstone College, and Lenoir-Rhyne University for campus renovations, safety, and building systems. In community health and service work, its grants have reached the Rowan-Cabarrus YMCA, the Public Health Authority of Cabarrus County, and Cabarrus Cooperative Christian Ministry.

What Charles A Cannon Trust No 1 Funds

Healthcare is the clearest focus. Charles a Cannon Trust No 1 gave $550,000 to Appalachian Regional Healthcare System Inc for hurricane relief and a radiation oncology linear accelerator, and $400,000 to the same system for mammography reimbursement in the High Country. It also supported Rowan Regional Medical Center Foundation Inc with $400,000 for ICU headwall renovation, and the Public Health Authority of Cabarrus County with $388,550 for Kannapolis dental expansion. Education and campus facilities are another recurring area. The trust granted $932,500 to Wingate University for campus building renovations, the Bostic Scholarship Fund, the annual fund, and campus safety. It also gave $500,000 to Wingate for an undergraduate science facility and $300,000 to Livingstone College for a demolition, chiller, roof, and HVAC project in the gym. Faith-linked health services appear as well, including $516,611 to Carolinas Medical Center-Northeast for faith community nurses.

How Charles A Cannon Trust No 1 Gives