CFDA#
None
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Funder Type
Private Foundation
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IT Classification
B - Readily funds technology as part of an award
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Authority
The Cannon Foundation, Inc.
Summary
The Cannon Foundation is an independent foundation established in 1943 by Charles A. Cannon, President and Chairman of Cannon Mills Company for more than 50 years. Focused predominantly on North Carolina, this endowed Foundation accepts unsolicited requests for grants, primarily for capital projects, one-time projects, and equipment with primary focus areas in healthcare; higher education; community and human services.
The primary focus areas receive about 90% of the Foundation's funding. Other more limited areas of interest for the foundation include the following: Arts, Culture, Historic Preservation, Religion, and Environment. Grants are typically made for capital improvements, project support, or special programs. The foundation does not typically support organizational support projects.
History of Funding
History of funding can be seen at: https://cannonfoundation.org/cannon-foundation/.
Additional Information
Qualifying organizations must be well established with at least five years of successful operations before a grant can be considered.
Projects with a request greater than $100,000 should wait to apply until your organization has identified at least 60% of the total funding needed and when the project can be completed within 12-18 months. This does not mean that the Foundation will fund the remaining 40%.
Projects with other funding sources or community collaboration are preferred.
If a project will expand service capacity, then the organization should have a clear business plan for funding ongoing operations. The Foundation does not fund operational expenses such as salaries or overhead costs.
Vehicle requests: Limited grants can be considered for up to 75% of the cost of a vehicle if an organization can clearly explain why it is critical to service delivery. The organization must also have the capacity within their operational budget to provide ongoing insurance, fuel and maintenance, and provide properly licensed drivers as well as a plan for how future replacement vehicles will be funded. One quote for the vehicle must be provided.
The Foundation does not want to create dependency. Organizations should wait at least two years between grant requests.
The Cannon Foundation is not interested in naming opportunities.
The Foundation does not provide start-up funding, scholarships, grants to individuals or operating funds including salaries or overhead costs.
Eligibility Details
Well-established organizations, which have been in operation for five or more years which are qualified for exemption as public charities under Section 501(c)(3) of the IRS code; Non-profit organizations in the State of North Carolina; Governmental entities and local churches are eligible to apply. Grants are made throughout the State of North Carolina, however, programs in Cabarrus County and emphasis on rural areas, are given first priority.
Deadline Details
If you are new to the Cannon Foundation, complete an inquiry form (https://forms.gle/6hbNjobTFu4y6R5WA) and someone from the Foundation will get back to you within 30 days.
Award Details
Award amounts vary by type of organization and type of project. The Cannon Foundation does not make multi-year commitments. The Cannon Foundation does not totally fund projects. For larger projects ($100,000 or more), you should apply when two-thirds or more of the needed funding has been received or committed and, preferably, when the project will be completed within a 12-18 months project duration.
A mimimum of one year is required between proposals from all applicants whether the request was approved or declined. Applicants are advised to wait for two to four years between applications. Frequent grants are not made except to a few select, historic relationships.
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