Cannon School’s endowment builds the foundation for long- term stability and success. The endowment allows Cannon to enhance its educational programming, attract and retain dynamic faculty members, and ensure students continue to be educated in the Cannon School tradition. Through an endowed gift, a donor may provide future generations with the exceptional experience of a Cannon education.

Frequently Asked Questions:

List of 5 items.

  • What is an endowment?

    An endowment is a permanent fund that supports what matters most to you, whether it is helping students thrive, supporting faculty and curriculum enhancements, or enriching our innovative programs. The principal is held in perpetuity and invested for long-term growth. A percentage of the endowment’s total market value is made available each year to support the purpose as mutually agreed upon by you and the school.
  • Why are endowments important?

    The earnings from endowments provide a permanent source of income that allows Cannon School to fulfill its mission of instilling academic excellence and personal responsibility, inspiring athletic and artistic accomplishment, and promoting a respect for diversity within a challenging and safe educational environment. The general endowment spending allocation is combined with tuition revenue and Cannon Fund gifts to operate the school on a day-to-day basis. Strong endowments enable schools like Cannon to rely on more than tuition revenue.

  • How do I establish a named endowed fund?

    New endowment funds may be created with gifts of $25,000 or more. Establishing a named fund provides a personally meaningful way for you to support Cannon. You can establish the fund through a multi- year pledge payable within five years or a one-time gift. The Advancement Office will work with you to prepare a written endowment agreement outlining the purpose of the fund and Cannon School’s commitment to administering the fund according to your intentions.

  • How can endowment gifts be designated?

    You can choose to support what is most meaningful to you. Some areas of interest might include:
    •    Need-based tuition assistance
    •    Faculty
    •    Programs
    •    Campus
    •    General endowment for advances in the school’s core mission
  • How are endowed funds managed?

    Cannon School works closely with its Board of Trustees to select an outside financial institution to manage its endowed funds. Based on spending limits established by the Board, a portion of the total market value is made available to support the school, and any remaining funds are reinvested to ensure the school’s financial stability for generations to come. For a named endowed fund, according to those same spending guidelines, a portion of the total market value of the fund is made available to support the purpose of the fund as defined by the donor.

Cannon's Existing Endowments:

List of 8 items.

  • General Endowment

    Provides Cannon with the financial flexibility to meet future challenges and take advantage of quality enhancing opportunities that fall outside tuition and the operating budget.
  • Speedway Children’s Charities Endowment for Diversity

    The Speedway Children’s Charities Endowment for Diversity funds special scholarships for excellent students who have financial need and supports multicultural programs aimed to increase diversity awareness in the School community.
  • Excellence Fund

    Established by the Board of Trustees to enable Cannon to be responsive to
    unforeseen opportunities that might not be planned for in the tuition-funded operating budget.
  • George W. Liles Endowment Fund

    Established to provide continued operating support for Cannon.
  • Richard H. Snyder Fund

    Empowers Cannon to make improvements that are not covered by tuition or the operating budget.
  • Michael Gray, Jr. Memorial Scholarship

    A full-tuition scholarship available to students who demonstrate strong character, academic dedication and financial need.
  • Kimbrough Family Fund for Teaching Excellence

    Funds training programs for teachers as well supplementing salaries to enable Cannon to continually attract and retain the highest caliber faculty.
  • The Maria DeHaas Endowed Fund

    Established in 2012 to recognize the positive and lifelong impact that school counselors have on young people. The fund provides professional development opportunities to our counselors so they may continue to best serve the needs of our students. It also provides for an annual Maria DeHaas Speaker Series that enriches our school’s conversations on topics of importance to families.

Cannon's Endowment History

Cannon School

Phone: 704-786-8171 | Fax: 704-788-7779