Institute for Technology
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.
Institute for Technology at a glance
In short: Institute for Technology gave $275K across 2 grants in 2025 (avg $138K), mostly in Mississippi. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $275,000
- +4.2% vs 2024
- Grants made (2025)
- 2
- -33.3% vs 2024
- Average grant
- $137,500
- +56.2% vs 2024
- Median grant
- $137,500
- Total assets
- $6,632,563
- -16.5% vs 2024
- Primary geography
- Mississippi (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Institute for Technology funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Magnolia Tribune Institute ($150K). Together the top 2 received $275K.
Grant Size Distribution
9 grants across all recorded years
The most common grant size was in the $100–250K range: 7 grants of 9 (78%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $134K (2020) to $275K (2025). In 2025 it made 2 grants totaling $275K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Magnolia Tribune Institute Flora, MS | General Operations | $150,000 |
| American Dream Legal Ridgeland, MS | General Operations | $125,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $6,632,563 | $1,013,672 | $617,979 | $275,000 | 2 | $495,829 | $957,734 | $372,859 |
| 2024 | $7,943,282 | $2,198,424 | $613,844 | $264,035 | 3 | $534,118 | $2,146,661 | $337,383 |
| 2023 | $6,200,859 | $457,016 | $576,437 | $214,132 | 2 | $493,608 | $397,193 | $331,142 |
| 2022 | $6,276,859 | $293,939 | $599,496 | $174,583 | 1 | $524,310 | $229,651 | $359,621 |
| 2021 | $7,697,678 | $505,241 | $555,590 | $156,250 | 1 | — | $440,798 | $359,010 |
| 2020 | $6,660,490 | $200,472 | $436,562 | $133,750 | 1 | — | $139,272 | $320,865 |
| 2019 | $6,681,175 | $165,591 | $554,836 | $262,500 | 2 | — | $104,442 | $320,205 |
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.
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.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS July 28, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS August 12, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Institute for Technology funds
Science & Technology Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Institute for Technology's focus areas in our free grants database
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