Anne Cannon Trust
- Assets
- $682.5k
- Revenue
- $27.7k
- Investments
- $610.6k
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 06/2004
- Data as of
- 12/2023
- EIN
- 54-6603260
Organization Overview
Anne Cannon Trust is located in Pittsburgh, PA. The organization was established in 2004. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Anne Cannon Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Anne Cannon Trust generated $27.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $41.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Anne Cannon Trust has awarded 23 individual grants totaling $312,900. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pnc Bank N A Corporate Trustee | 1 | $3,230 | |
Zachary R Tate Chairperson, Distribution | 1 | $3,200 | |
Will Griener Advisory Committee Member | 1 | $0 | |
Lane C Czura Advisory Committee Member | 1 | $0 | |
Elizabeth M Czura Advisory Committee Member | 1 | $0 | |
Linda F Tate Advisory Committee Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $20,911 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,346 |
| Capital Gain Net Income | $6,346 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $399 |
| Total Revenue | $27,656 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,430 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $249 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,679 |
| Contributions, gifts, grants paid | $35,000 |
| Total expenses and disbursements | $41,679 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $71,878 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $294,275 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $682,486 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Anne Cannon Trust has awarded $35,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
WAKE FOREST UNIVERSITY PURPOSE: GENERAL SUPPORT | $15,000 |
BLUE RIDGE CONSERVANCY PURPOSE: MIDDLE FORK GREENWAY | $15,000 |
ASSOC OF STUDENT ENTREPRENUERS PURPOSE: GENERAL SUPPORT | $5,000 |