Charles A Cannon Trust No 1
ActivePhilanthropy & VoluntarismFunds Individuals
About Charles A Cannon Trust No 1
The Charles A Cannon Trust No 1 concentrates its giving on regional acute-care hospitals in the Concord/Cabarrus/Charlotte area, providing very large, institution-level payments tied to required charitable distributions. Nearly all recorded dollars go to Atrium Health entities (Carolinas Medical Center–Northeast and the Charlotte‑Mecklenburg Hospital Authority/Atrium Cabarrus), indicating the trust’s primary mission is sustaining local hospital operations and community benefit obligations. Grants are few but very large and appear to fulfill mandated distribution requirements for healthcare institutions.
Focus Areas
Funding for Carolinas Medical Center–Northeast (Atrium Health Cabarrus)Support for The Charlotte‑Mecklenburg Hospital Authority / Atrium CabarrusLarge institutional hospital operating and community benefit distributions in the Concord/Cabarrus/Charlotte region
Who They Fund
colleges and university campuses (academic buildings, student services)hospitals and healthcare providers (clinical departments and patients)vocational/trades students and training programslocal community residents served by recreation/YMCA and transitional housing
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
Typical awards sit at a $25,000 p25, $50,000 median, and $100,000 p75, but the trust’s actual distributions include much larger institutional transfers. The recent record shows repeated grants to the same recipients across multiple years, especially Carolinas Medical Center-Northeast, The Charlotte-Mecklenburg Hospital Authority, Boys and Girls Club of Cabarrus County Inc, Wingate University, Livingstone College, Lees-McRae College Incorporated, and Lenoir-Rhyne University. That repetition suggests ongoing relationship-based support rather than one-time awards. The trust funds individuals and makes local grants only; it does not make program-related investments. The grant record also shows many awards tied to operating support, required distributions, facility improvements, and reimbursements.
Financial Snapshot
Annual Giving
$63.5M
Total Assets
$138.4M
Total Revenue
$18.2M
Total Expenses
$20.9M
Typical Grant Size
Most grants fall between $25K and $100K, with a median of $50K.
25th Percentile
$25K
Median
$50K
75th Percentile
$100K
Geographic Reach
Local2 states funded
About 88% of grants go to recipients in NC.
Funding intensity
LowHigh
Headquarters
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