The Cannon Foundation, Inc. began in 1943, much as a corporate foundation, with giving focused on communities where Cannon Mills plants were located. Grant making is focused on capital equipment and needs.

The primary focus areas of the foundation are:

Non-profit hospitals serving rural areas, hospices, federally qualified health centers and free clinics can be considered. Organizations serving special needs populations as well as mental health and substance use disorders in North Carolina can also be considered.  Projects can range from medical equipment to construction or renovation of buildings or building infrastructure.

The Foundation supports private colleges, community colleges serving Tier 1 or 2 counties and small public colleges across North Carolina. Projects that construct or renovate buildings or building infrastructure are considered as well as training equipment.  Rural public libraries with capital needs may also apply.

Organizations that meet basic needs or help individuals escape the cycle of violence or poverty may apply for their capital or equipment needs, especially if they help in underserved parts of North Carolina.  Projects can range from new roofs or HVAC systems to construction or renovation of buildings. 

A smaller number of grants are made for capital or equipment projects for organizations serving veterans, promoting the arts and providing historic or environmental preservation services in North Carolina. 

NOTE: 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. At least two quotes for the vehicle must be provided.

It appears that online applications may be submitted at any time.