Institute for Technology

Private foundation · Grantmaker Ridgeland, MS EIN: 64-0689319

Institute for Technology is a private foundation focused on Science & Technology, based in Ridgeland, MS. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $6.6M in total assets. In 2025, it awarded 2 grants totaling $275K. Net investment income was $958K.

Key facts about Institute for Technology

In short: Institute for Technology gave $275K across 2 grants in 2025 (avg $138K), mostly in Mississippi. Source: 2025 IRS Form 990-PF.

EIN
64-0689319
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$275,000
Grants made (2025)
2
Average grant
$137,500
Median grant
$137,500
Total assets
$6,632,563
Primary geography
Mississippi (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$6.6M

-16.5% YoY

Annual Giving

$275K

+4.2% YoY

Grant Count

2

-33.3% YoY

Avg Grant Size

$138K

+56.2% YoY

Under IRS private-foundation payout rules, Institute for Technology reported a distributable amount of $373K for 2025 — the minimum it must pay out in qualifying distributions.

How Institute for Technology gives

  • Giving grew 58% from 2022 to 2025. Method
  • In 2025 it paid out 133% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of all 2 itemized 2025 grant dollars.

States

Cities

JacksonFloraRidgeland

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K2 grants20191 grants20201 grants20211 grants20222 grants20233 grants20242 grants2025

From 2019 to 2025, annual grant giving ranged from $134K (2020) to $275K (2025). In 2025 it made 2 grants totaling $275K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2025

Magnolia Tribune Institute: $150KMagnolia Tribune Institute$150KAmerican Dream Legal: $125KAmerican Dream Legal$125K

The largest 2025 recipient was Magnolia Tribune Institute ($150K). Together the top 2 received $275K.

Grant Size Distribution

9 grants across all recorded years

<$50K2$50–100K7$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was in the $100–250K range: 7 grants of 9 (78%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Magnolia Tribune Institute Flora, MSGeneral Operations$150,000
American Dream Legal Ridgeland, MSGeneral Operations$125,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$1M$2M$3M2019202020212022202320242025
Metric202520242023
Total Assets$6,632,563$7,943,282$6,200,859
Revenue$1,013,672$2,198,424$457,016
Expenses$617,979$613,844$576,437
Qualifying Distributions$495,829$534,118$493,608
Net Investment Income$957,734$2,146,661$397,193
Distributable Amount$372,859$337,383$331,142

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2019 (received by the IRS July 28, 2020)
  2. Added Form 990-PF for fiscal year 2025 (received by the IRS August 12, 2026)
  3. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Institute for Technology is led by Ashby Foote III, President on every filing since 2019; none of the 4 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Ashby Foote III

    President

    On filings since 2019

    0.3 hrs/week

    No compensation reported

  • J. Kelley Williams

    Chairman

    Chairman → Treasurer & Secretary, 2023

    Treasurer & Secretary → Chairman, 2024

    On filings since 2019

    0.3 hrs/week

    No compensation reported

  • Bruce Deer

    Vice President

    On filings since 2019

    0.3 hrs/week

    No compensation reported

  • Kelley Williams Jr.

    Treasurer & Secretary

    On filings since 2024

    0.3 hrs/week

    No compensation reported

Former officers (1)
  • Former: Charles Grayson (2019–2023) — Secretary · Filing note: Ended date 91123

Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Institute for Technology

How much does Institute for Technology give each year?

Institute for Technology gave $275K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $264K across 3 grants.

How large is Institute for Technology?

Institute for Technology reported $6.6M in total assets on its 2025 IRS Form 990-PF. It paid out $496K in qualifying distributions that year, against a required minimum of $373K (roughly 5% of its investment assets).

What is Institute for Technology?

Institute for Technology is a private foundation focused on Science & Technology, based in Ridgeland, MS. It holds $6.6M in total assets as of 2025.

Where does Institute for Technology operate?

Institute for Technology has awarded grants in Mississippi.

What is Institute for Technology's EIN?

Institute for Technology's EIN (Employer Identification Number) is 64-0689319. IRS Form 990 filing data is available on this page for 2019–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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