//
Also known as: DEVELOPMENT INC
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
Institute For Technology Development Inc. is a private corporation based in RIDGELAND, MS. The foundation received its IRS ruling in 1985. The principal officer is Keith Parsons. It holds total assets of $7.9M. Annual income is reported at $5.2M. The foundation is governed by 4 officers and trustees. The foundation operates in the area of science & technology. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. According to available records, Institute For Technology Development Inc. has made 4 grants totaling $639K, with a median grant of $165K. Annual giving has grown from $134K in 2020 to $349K in 2022. Individual grants have ranged from $134K to $175K, with an average award of $160K. Grant recipients are concentrated in Mississippi. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Institute For Technology Development Inc. primarily funds organizations in the area of science & technology. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in MS.
Institute For Technology Development Inc. has distributed a total of $639K across 4 grants. The median grant size is $165K, with an average of $160K. Individual grants have ranged from $134K to $175K.
Institute For Technology Development Inc. typically selects its grantees rather than accepting unsolicited proposals.
Institute For Technology Development Inc. is headquartered in RIDGELAND, MS.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Ashby Foote Iii | PRESIDENT | $0 | $0 | N/A |
| Bruce Deer | VICE PRESIDENT | $0 | $0 | N/A |
| J Kelley Williams | TREASURER & SECRETARY | $0 | $0 | N/A |
| Charles Grayson End Date 91123 | SECRETARY | $0 | $0 | N/A |
Total Giving
$576K
Total Assets
$6.2M
Fair Market Value
$6.2M
Net Worth
$6.2M
Grants Paid
$214K
Contributions
N/A
Net Investment Income
$397K
Distribution Amount
$331K
Total: $5.2M
Total Grants
4
Total Giving
$639K
Average Grant
$160K
Median Grant
$165K
Unique Recipients
1
Most Common Grant
$175K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Ms Center For Public PolicyGENERAL OPERATIONS | Jackson, MS | $175K | 2022 |