The David BELK Cannon Foundation
EIN 270004751 Private FoundationTotal Given 2017–2024
$41.2M
248 grants · $5.1M avg/year
based on 8 yrs of IRS 990-PF records on file
$1M+/yr
mid-tier
capacity
$31K
typical mid grants · $15K–$150K
grant size
39%
supporter · 51/131 multi-year
repeat
$132.5M
Assets (2024)
131
Distinct Recipients
Focus Areas
Application Information
Accepts Unsolicited Proposals
No. Preselected Only
Contact Person
Tamara Burrell
Phone
(704) 854-6006
Deadlines
None
Restrictions
Must be a 501(c)(3)
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2017 | $7.7M | $125.1M | $2.1M | 43 |
| 2018 | $8.4M | $109.5M | $4.5M | 33 |
| 2019 | N/A | $124.5M | $3.2M | N/A |
| 2020 | $7.4M | $130.8M | $4.8M | 48 |
| 2022 | $5.9M | $117.6M | $1.3M | 39 |
| 2023 | $5.6M | $126.3M | $3.6M | 45 |
| 2024 | $6.2M | $132.5M | $8.4M | 40 |
Grant Size Distribution
Based on 248 grants on record
Minimum
$250
25th Pctl
$15K
Median
$31K
Average
$166K
75th Pctl
$150K
Maximum
$2.1M
Geographic Distribution
Officers & Directors
BM
B Frank Matthews II
5 yrs
Chairman
Leadership
EM
Eugene R. Matthews II
7+ yrs
President & CEO
Leadership
AK
Annabelle Kelly
4 yrs
Assistant Secretary
Leadership
MV
Mary M. Vaughn
7+ yrs
Secretary
Leadership
BM
Ben F. Matthews III
3 yrs
Director
DR
Dr Richard E. Rankin Jr
7+ yrs
Director
TB
Tamara Burrell
4 yrs
Executive Dir
BM
B Frank Matthews II
5 yrs
Chairman
Leadership
EM
Eugene R. Matthews II
7+ yrs
President/Ceo/Treasurer
Leadership
TB
Tamara Burrell
4 yrs
Executive Director
Leadership
MV
Mary M. Vaughn
7+ yrs
Secretary
Leadership
DR
Dr Richard E. Rankin Jr
7+ yrs
Director
HJ
Harriet M. Jackson
4 yrs
Director
BM
Ben F. Matthews
2 yrs
Director
VM
VANN M. Matthews II
4 yrs
Director
AK
Annabelle Kelly
4 yrs
Director
EM
Eugene R. Matthews II
7+ yrs
President/Ceo/Treasurer
Leadership
BM
B Frank Matthews II
5 yrs
Chairman
Leadership
MV
Mary M. Vaughn
7+ yrs
Secretary
Leadership
DR
Dr Richard E. Rankin Jr
7+ yrs
Director
WD
William Palmer Deceased
Director
VM
VANN M. Matthews II
4 yrs
Director
BM
Ben F. Matthews
2 yrs
Director
HJ
Harriet M. Jackson
4 yrs
Director
Grants Awarded (248 total)
| Purpose | ||||
|---|---|---|---|---|
| Gaston Day School | Gastonia, NC | $2,055,000 | 50TH ANNIVERSARY CAPITAL CAMPAIGN, SCHOLARSHIPS | 2017 |
| Davidson College | Davidson, NC | $2,000,000 | GENERAL SUPPORT | 2018 |
| Gaston Memorial Hospital Foundation | Gastonia, NC | $1,666,667 | VASCULAR HYBRID OPERATING ROOM | 2018 |
| Community Foundation of Gaston County | Gastonia, NC | $1,540,000 | GENERAL SUPPORT, DBC DAF FUND | 2017 |
| Gaston Community Foundation | Gastonia, NC | $1,500,000 | New Hope Business District | 2024 |
| Woodberry Forest School | Woodberry Forest, VA | $1,500,000 | CAPITAL CAMPAIGN | 2017 |
| Caromont Health Foundation | Gastonia, NC | $1,250,000 | FUNDS TO TO HELP FIGHT COVID-19 AND TRANSCATHETER AORTIC VALVE REPLACEMENT EQUIPMENT | 2020 |
| Gaston Community Foundation | Gastonia, NC | $1,094,300 | DBC Donor Advised Fund | 2022 |
| Gaston Community Foundation | Gastonia, NC | $1,000,000 | New Hope Business District | 2022 |
| Gaston Community Foundation | Gastonia, NC | $1,000,000 | New Hope Business District | 2023 |
| Davidson College | Davidson, NC | $1,000,000 | Center for Career Development | 2023 |
| McCallie School | Chattanooga, TN | $1,000,000 | GENERAL SUPPORT | 2018 |
| Gaston Day School | Gastonia, NC | $892,000 | Board Directed, Construction of new upper school building | 2024 |
| Gaston Memorial Hospital Foundation | Gastonia, NC | $833,333 | VASCULAR HYBRID OPERATING ROOM | 2018 |
| Presbyterian College | Clinton, SC | $816,667 | RENOVATIONS OF THE WILLIAM H. BELK AUDITORIUM | 2020 |
| Gaston Community Foundation | Gastonia, NC | $766,371 | DBC Donor Advised Fund | 2023 |
| Woodberry Forest School | Woodberry Forest, VA | $750,000 | CAPITAL CAMPAIGN | 2018 |
| Gaston Community Foundation | Gastonia, NC | $675,000 | GENERAL SUPPORT, S. NEW HOPE ROAD LAND | 2020 |
| Saint Mary's School | Raleigh, NC | $666,667 | CAPITAL CAMPAIGN | 2020 |
| Carolina Thread Trail | Charlotte, NC | $666,667 | SOUTH FORK CORRIDOR | 2020 |
| Saint Mary's School | Raleigh, NC | $666,667 | Construction | 2022 |
| Gaston Community Foundation | Gastonia, NC | $543,600 | DBC Donor Advised Fund, Rankin Fund, Strategic Planning | 2024 |
| Gaston County Family YMCA | Gastonia, NC | $503,000 | WARLICK YMCA CAPITAL CAMPAIGN | 2017 |
| UNC Kenan-Flagler Business School | Chapel Hill, NC | $500,000 | CAPITAL CAMPAIGN | 2020 |
| Davidson College | Davidson, NC | $500,000 | Center for Career Development | 2022 |
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