Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2019
Open to Public Inspection
For calendar year 2019, or tax year beginning 10-01-2017 , and ending 09-30-2018
Name of foundation
INSTITUTE FOR TECHNOLOGY DEVELOPMENT INC
 
Number and street (or P.O. box number if mail is not delivered to street address)750 WOODLANDS PKWY NO 201
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
RIDGELAND, MS391575222
A Employer identification number

64-0689319
B Telephone number (see instructions)

(601) 427-9311
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$7,037,832J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 14 14  
4 Dividends and interest from securities... 138,747 138,747  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 363,302
b Gross sales price for all assets on line 6a 3,583,897
7 Capital gain net income (from Part IV, line 2)... 363,302
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 502,063 502,063  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 6,302 0   4,726
b Accounting fees (attach schedule)....... Click to see attachment 9,344 2,336   4,672
c Other professional fees (attach schedule).... Click to see attachment 218,471 0   218,732
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 261 171   0
19 Depreciation (attach schedule) and depletion... 2,081 0  
20 Occupancy.............. 10,303 0   8,758
21 Travel, conferences, and meetings.......        
22 Printing and publications.......... 3,686 0   3,686
23 Other expenses (attach schedule)....... Click to see attachment 90,955 53,380   41,659
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 341,403 55,887   282,233
25 Contributions, gifts, grants paid....... 230,000 230,000
26 Total expenses and disbursements. Add lines 24 and 25 571,403 55,887   512,233
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -69,340
b Net investment income (if negative, enter -0-) 446,176
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2019)
Form 990-PF (2019)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 83,697 85,491 85,491
2 Savings and temporary cash investments......... 498,394 348,756 348,756
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 6,357,376 Click to see attachment6,602,745 6,602,745
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet6,243
Less: accumulated depreciation (attach schedule) bullet5,403 2,920 840 840
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 6,942,387 7,037,832 7,037,832
Liabilities 17 Accounts payable and accrued expenses.......... 19,715 13,121
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 19,715 13,121
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 6,922,672 7,024,711
29 Total net assets or fund balances (see instructions)..... 6,922,672 7,024,711
30 Total liabilities and net assets/fund balances (see instructions). 6,942,387 7,037,832
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
6,922,672
2
Enter amount from Part I, line 27a .....................
2
-69,340
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
171,379
4
Add lines 1, 2, and 3 ..........................
4
7,024,711
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
7,024,711
Form 990-PF (2019)
Form 990-PF (2019)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES      
b PUBLICLY TRADED SECURITIES      
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,740,651   1,387,900 352,751
b 1,843,246   1,832,695 10,551
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       352,751
b       10,551
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 363,302
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2018 367,234 6,615,476 0.055511
2017 305,167 6,516,839 0.046827
2016 121,405 6,921,429 0.017540
2015      
2014      
2
Total of line 1, column (d) .....................
2
0.119878
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.039959
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......
4
6,983,643
5
Multiply line 4 by line 3......................
5
279,059
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
4,462
7
Add lines 5 and 6........................
7
283,521
8
Enter qualifying distributions from Part XII, line 4,.............
8
512,233
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2019)
Form 990-PF (2019)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 4,462
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 4,462
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 4,462
6 Credits/Payments:
a 2019 estimated tax payments and 2018 overpayment credited to 2019 6a 12,928
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 12,928
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 8,466
11 Enter the amount of line 10 to be: Credited to 2020 estimated taxBullet8,466 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMS
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2019 or the taxable year beginning in 2019? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions Click to see attachment.............
    11
    Yes
     
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletASHBY FOOTE III Telephone no.bullet (601) 981-1773

    Located atbullet750 WOODLANDS PKWY SUITE 201RIDGELANDMS ZIP+4bullet39157
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2019, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2019?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2019, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2019?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2019 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2019.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2019?
    4b
     
    No
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    ASHBY FOOTE III PRESIDENT
    0.30     		0 0 0
    750 WOODLANDS PKWY SUITE 201
    RIDGELAND,MS39157
    CHARLES GRAYSON SECRETARY
    0.30     		0 0 0
    PO BOX 5988
    BRANDON,MS39047
    J KELLEY WILLIAMS CHAIRMAN
    0.30     		0 0 0
    750 WOODLANDS PKWY SUITE 201
    RIDGELAND,MS39157
    BRUCE DEER DIRECTOR
    0.30     		0 0 0
    101 WATERFORD LANE
    MADISON,MS39110
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    6,632,400
    b
    Average of monthly cash balances.......................
    1b
    457,593
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    7,089,993
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    7,089,993
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    106,350
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    6,983,643
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    349,182
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    349,182
    2a
    Tax on investment income for 2019 from Part VI, line 5......
    2a
    4,462
    b
    Income tax for 2019. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    4,462
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    344,720
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    344,720
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    344,720
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    512,233
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    512,233
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    4,462
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    507,771
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2018     		(c)
    2018     		(d)
    2019
    1 Distributable amount for 2019 from Part XI, line 7 344,720
    2 Undistributed income, if any, as of the end of 2019:
    a Enter amount for 2018 only....... 182,923
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2019:
    a From 2014......  
    b From 2015......  
    c From 2016......  
    d From 2017......  
    e From 2018......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2019 from Part
    XII, line 4: bullet$ 512,233
    a Applied to 2018, but not more than line 2a 182,923
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2019 distributable amount..... 329,310
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2019. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2018. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2019. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2020 ..........     		15,410
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2014 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2020.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2015....  
    b Excess from 2016....  
    c Excess from 2017....  
    d Excess from 2018....  
    e Excess from 2019....  
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2019, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2019 (b) 2018 (c) 2017 (d) 2016
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    MS CENTER FOR PUBLIC POLICY
    520 GEORGE STREET
    JACKSON,MS39202     		  PC GENERAL OPERATIONS 125,000
    THE WELL WRITERS GUILD
    5328 RUNNYMEDE ROAD
    JACKSON,MS43750     		  PC GENERAL OPERATIONS 105,000
    Total .................................bullet 3a 230,000
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 14  
    4 Dividends and interest from securities....     14 138,747  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 363,302  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 502,063 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    502,063
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2019)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2017 AccountingFeesSchedule
    Name:
    INSTITUTE FOR TECHNOLOGY DEVELOPMENT INC
    EIN:
    64-0689319
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 9,344 2,336   4,672

    TY 2017 GeneralExplanationAttachment
    Name:
    INSTITUTE FOR TECHNOLOGY DEVELOPMENT INC
    EIN:
    64-0689319
    Identifier Return Reference Explanation
      FORM 990, PART VII-A, QUESTION 11: CONTROLLED ENTITY PER SECTION 512(B)(13)BIGGER PIE FORUM, LLC750 WOODLANDS PKWY, SUITE 201RIDGELAND, MS 39157-5222EIN: 64-0689319100% OWNED BY INSTITUTE TECHNOLOGY DEVELOPMENT, INC.SINGLE MEMBER LIMITED LIABILITY COMPANY - DISREGARDED ENTITY

    TY 2017 InvestmentsCorpStockSchedule
    Name:
    INSTITUTE FOR TECHNOLOGY DEVELOPMENT INC
    EIN:
    64-0689319
    Name of Stock End of Year Book Value End of Year Fair Market Value
    A T & T INC NEW 17,126 17,126
    ABBVIE INC 27,901 27,901
    AGILENT TECHNOLOGIES INC 34,212 34,212
    ALERIAN MLP ETR 22,780 22,780
    ALLIED MOTION TECHNOLOGIES INC 2,885 2,885
    ALLSTATE 90,804 90,804
    AMAZON.COM INC 40,060 40,060
    AMERICAN FINANCIAL GROUP 33,957 33,957
    AMGEN INC. 58,041 58,041
    ANDEAVOR 72,145 72,145
    ANI PHARMACEUTICALS INC 1,979 1,979
    AON PLC 67,663 67,663
    APPLE, INC. 112,419 112,419
    APPLIED MATERIANS 22,417 22,417
    ARCBEST CORP. 5,341 5,341
    ARGO GROUP INTERNATIONAL HOLDING 2,585 2,585
    ASCENA RETAIL GRP 2,651 2,651
    ATKORE INTERNATIONAL GROUP 2,335 2,335
    AVERY DENNISON CORP. 75,628 75,628
    AXCELIS TECHNOLOGIES INC 1,867 1,867
    AXOS FINANCIAL INC. 1,995 1,995
    BECTON DICKINSON AND CO. 78,300 78,300
    BEST BUY INC. 37,855 37,855
    BLKRCK FLOATNG RATE INCM 218,999 218,999
    BLUCORA INC 2,818 2,818
    BOEING CO 34,959 34,959
    BOINGO WIRELESS INC 3,001 3,001
    BOISE CASCADE CO. 1,950 1,950
    BOOKING HOLDINGS INC 29,760 29,760
    BOYD GAMING CORP 28,468 28,468
    CABOT MICRO ELECTRONICS CORP 2,063 2,063
    CALAMP CORP 2,276 2,276
    CARE .COM INC 2,675 2,675
    CIENA CORP 2,655 2,655
    CINTAS CORP. 100,883 100,883
    CITIGROUP INC 57,392 57,392
    CITRIX SYSTEMS INC. 32,792 32,792
    COHERENT INC 24,968 24,968
    COHU INC 2,359 2,359
    COLUMBUS MCKINNON CORP 2,372 2,372
    COMCAST CORP. 31,869 31,869
    COMERICA INC 31,119 31,119
    COMPUTER PROGRAMS & SYSTEMS IN 2,390 2,390
    CONCERT PHARMACEUTICALS INC 1,781 1,781
    CONSOL ENERGY INC. 2,245 2,245
    COOPER-STANDARD HOLDINGS INC 2,040 2,040
    CORNING, INC. 37,418 37,418
    CRANE COMPANY 33,931 33,931
    CROCS INC. 2,384 2,384
    CSG SYSTEMS INTERNATIONAL INC 2,007 2,007
    CYTOMX THERAPEUTICS INC. 1,850 1,850
    DECKERS OUTDOOR CORP 2,490 2,490
    DELUXE CORP. 2,391 2,391
    DENNYS CORP 2,061 2,061
    DICKS SPORTING GOODS INC 33,883 33,883
    DIODES 1,997 1,997
    DISCOVER FINANCIAL SERVICES 32,109 32,109
    DOLLAR GENERAL CORP. 60,115 60,115
    DOWDUPONT INC 38,586 38,586
    E*TRADE FINANCIAL CORP C 68,107 68,107
    EASTMAN CHEMICAL CO. 36,086 36,086
    EATON CORP PLC 37,814 37,814
    EDGEWELL PERSONAL CARE CO. 2,173 2,173
    EDWARDS LIFESCIENCES CORP. 41,088 41,088
    ELECTRO SCIENTIFIC INDUSTRIES INC. 1,989 1,989
    ENERGIZER HOLDINGS INC. 31,671 31,671
    ENOVA INTERNATIONAL INC 4,954 4,954
    ENTEGRIS INC. 1,998 1,998
    EQUINIX INC. 27,705 27,705
    FACEBOOK INC. 65,784 65,784
    FAIR ISAAC CORP 2,286 2,286
    FEDERAL AGRIC MTG CORP-CL C 1,949 1,949
    FIDELITY NATIONAL INFORMATION 21,814 21,814
    FIFTH THIRD BANCORP 86,077 86,077
    FIRST ENERGY CORPORATION 35,126 35,126
    FIRST TRUST NORTH AMERICAN ENERG 11,190 11,190
    FIRST TRUST PREFERRED SECURITIES & 133,700 133,700
    FISERV INC. 43,002 43,002
    FORMFACTOR INC 2,406 2,406
    FOSSIL GROUP INC. 2,258 2,258
    GENERAC HOLDINGS INC 2,482 2,482
    GENERAL DYNAMICS 61,416 61,416
    GENTEX CORPORATION 2,232 2,232
    GRAY TELEVISION INC 2,678 2,678
    GREENBRIER COS INC 2,524 2,524
    H P INC 25,770 25,770
    HALOZYME THERAPEUTICS INC 2,616 2,616
    HAMILTON LANE 2,435 2,435
    HANOVER INSURANCE GROUP INC. 2,467 2,467
    HARRIS CORP 63,285 63,285
    HARSCO CORP. 2,598 2,598
    HARTFORD FINANCIAL SERVICES GROUP 49,460 49,460
    HEALTH INSURANCE INNOVATIONS 3,514 3,514
    HERSHA HOSPITALITY TRUST 2,380 2,380
    HIBBETT SPORTS INC 1,955 1,955
    HILL-ROM HOLDINGS INC. 38,232 38,232
    HILLENBRAND INC. 2,458 2,458
    HUNTINGTON BANCSHARES INC. 57,890 57,890
    HUNTINGTON INGALLS INDUSTRIES INC 2,561 2,561
    HURCO COMPANIES INC 2,030 2,030
    IDEX CORP 35,405 35,405
    INGERSOLL-RAND PLC 103,835 103,835
    INTEGER HOLDINGS INC. 2,406 2,406
    INTUIT INC. 34,110 34,110
    INVESCO GLOBAL LISTED PRIVATE EQU 123,000 123,000
    INVESCO SENIOR LOAN ETF 13,925 13,925
    IRIDIUM COMMUNICATIONS 2,925 2,925
    ISHARES COMMODITIES SELECT STRATE 31,728 31,728
    ISHARES CORE S&P 500 ETF 46,251 46,251
    ISHARES IBOXX HIGH YIELD CORP 8,730 8,730
    ISHARES IBOXX INV GR CORP BON 13,332 13,332
    ISHARES MSCI EAFE ETF 4,215 4,215
    ISHARES RUSSELL 2000 ETF 22,586 22,586
    ISHARES US AGGREGATE BOND ETF 5,593 5,593
    JOHNSON OUTDOORS INC. 2,139 2,139
    K12 INC 2,478 2,478
    KADANT INC 2,912 2,912
    KBH HOME 2,487 2,487
    KENPER CORP 2,494 2,494
    KRATON CORP 2,405 2,405
    KRO 1,788 1,788
    LABORATORY CORP. OF AMERICA HOL 62,525 62,525
    LAM RESEARCH CORPORATION 15,170 15,170
    LITTELFUSE INC 1,979 1,979
    LOCKHEED MARTIN CORPORATION 72,652 72,652
    LOUISIANA PACIFIC CORP 1,987 1,987
    LUMENTUM HOLDINGS 2,398 2,398
    LYONDELLBASELL INDUSTRIES NV 29,728 29,728
    MALLINCKRODT PLC 2,433 2,433
    MARATHON OIL CORP. 36,643 36,643
    MARATHON PETROLEUM CORP. 91,806 91,806
    MASTERCARD INC. 102,401 102,401
    MEDNAX INC 27,296 27,296
    MERITOR INC 2,188 2,188
    MICROCHIP TECH 29,986 29,986
    MICROSOFT CORP. 71,710 71,710
    MODINE MANUFACTURING CO. 2,056 2,056
    MOODY'S CORP. 66,880 66,880
    MORGAN STANLEY 27,709 27,709
    MOTOROLA SOLUTIONS INC. 41,775 41,775
    MSCI INC. 30,869 30,869
    NANOMETRICS INC 2,064 2,064
    NAUTILUS INC 2,330 2,330
    NOBLE ENERGY INC 108,510 108,510
    NORTHROP GRUMMAN CORP 32,054 32,054
    NUVASIVE INC. 2,342 2,342
    NVIDIA CORP. 28,102 28,102
    ON DECK CAPITAL 2,241 2,241
    OVERSEAS SHIPHOLDING GROUP 2,073 2,073
    OWENS CORNING INC 2,171 2,171
    PACCAR INC. 32,731 32,731
    PATRICK INDUSTRIES INC 2,427 2,427
    PAYCHEX INC. 22,095 22,095
    PAYPAL HOLDINGS INC. 26,352 26,352
    PDL BIOPHARMA INC. 2,130 2,130
    PEABODY ENERGY CORP 2,031 2,031
    PFIZER INC 37,680 37,680
    PNC FINANCIAL SERVICES GROUP INC 32,277 32,277
    POLYONE CORP 2,448 2,448
    PROCTER & GAMBLE CO. 29,380 29,380
    PROSHARES SHORT S&P 260,387 260,387
    RAYTHEON COMPANY 72,331 72,331
    RED HAT INC. 33,934 33,934
    REGENERON 33,939 33,939
    RELIANCE STEEL & ALUMINUM CO. 31,557 31,557
    RH 2,358 2,358
    RLI CORP. 2,593 2,593
    RMR GROUP INC 2,691 2,691
    ROSS STORES INC. 33,793 33,793
    RUDOLPH TECH 1,712 1,712
    SALESFORCE.COM 32,760 32,760
    SANDERSON FARMS INC. 2,378 2,378
    SCIENTIFIC GAMES CORP-A 1,676 1,676
    SHUTTERFLY INC. 1,977 1,977
    SILICON LABORATORIES INC 1,836 1,836
    STAMPS.COM INC 2,036 2,036
    STONERIDGE INC 2,348 2,348
    SUPERNUS PHARMACEUTICALS INC. 2,316 2,316
    SYNAPTICS INC 2,281 2,281
    SYNOPSYS INC. 37,472 37,472
    SYNOVUS FINANCIAL CORP. 32,511 32,511
    TARGET CORP. 45,869 45,869
    TE CONNECTICITY LIMITED 51,439 51,439
    TERADYNE 26,995 26,995
    THE CHILDREN'S PLACE INC. 2,556 2,556
    THE CONTAINER STORE 2,442 2,442
    THERMO FISHER SCIENTIFIC INC. 117,158 117,158
    TORCHMARK CORP. 32,942 32,942
    TOTAL SYSTEM SERVICES INC. 38,311 38,311
    TRACTOR SUPPLY CO. 26,991 26,991
    TRIMBLE NAV LTD. 34,507 34,507
    TRINSEO SA 2,506 2,506
    TYSON FOODS, INC 35,718 35,718
    UNIFIRST CORPORATION 2,257 2,257
    UNION PACIFIC CORP 34,846 34,846
    UNITEDHEALTH GROUP INC. 141,799 141,799
    UNIVERSAL FOREST PRODUCTS 2,367 2,367
    UNIVERSAL INSURANCE HOLDINGS INC 2,573 2,573
    USA TRUCK INC. 2,185 2,185
    VALERO ENERGY CORP NEW 76,213 76,213
    VANGUARD FTSE EMERGING MARKET 205,000 205,000
    VANGUARD GLOBAL EX-US REIT IND 2,696 2,696
    VANGUARD REAL ESTATE ETF 136,269 136,269
    VISHAY INTTERTECHNOLOGY INC 2,015 2,015
    VISTEON CORPORATION 1,951 1,951
    WAL-MART STORES INC. 79,354 79,354
    WALT DISNEY CO. 31,574 31,574
    WASTE MANAGEMENT INC. 37,861 37,861
    WORLD ACCEPTANCE CORP 2,630 2,630
    WSFS FINANCIAL CORP 2,075 2,075
    XCERRA CORP 2,412 2,412
    YUM! BRANDS INC. 43,636 43,636
    ZEBRA TECHNOLOGIES CORP 46,329 46,329
    HANCOCK HORIZON DIVERSIFIED INCO 100,229 100,229
    HANCOCK HORIZON DIVERSIFIED INT'L 50,445 50,445
    HANCOCK HORIZON INT'L SMALL CAP 48,408 48,408
    HANCOCK HORIZON MICROCAP FUND 66,291 66,291
    ISHARES SHORT MATURITY BOND ETF 11,743 11,743
    LOOMIS SAYLES SR. FLOATING RATE F 224,732 224,732

    TY 2017 LegalFeesSchedule
    Name:
    INSTITUTE FOR TECHNOLOGY DEVELOPMENT INC
    EIN:
    64-0689319
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 6,302 0   4,726


    TY 2017 OtherExpensesSchedule
    Name:
    INSTITUTE FOR TECHNOLOGY DEVELOPMENT INC
    EIN:
    64-0689319
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADVERTISING 13,043 0   18,599
    INSURANCE 5,291 0   5,291
    MANAGEMENT FEES 53,380 53,380   0
    MISCELLANEOUS 295 0   251
    TELEPHONE 1,031 0   876
    WEB HOSTING AND SOCIAL MEDIA 9,425 0   9,425
    SOFTWARE LICENSE 1,847 0   1,570
    OFFICE EXPENSE 6,643 0   5,647


    TY 2017 OtherIncreasesSchedule
    Name:
    INSTITUTE FOR TECHNOLOGY DEVELOPMENT INC
    EIN:
    64-0689319
    Description Amount
    UNREALIZED GAINS/LOSSES ON STOCKS AND BONDS 171,379


    TY 2017 OtherProfessionalFeesSchedule
    Name:
    INSTITUTE FOR TECHNOLOGY DEVELOPMENT INC
    EIN:
    64-0689319
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING FEES 218,471 0   218,732


    TY 2017 TaxesSchedule
    Name:
    INSTITUTE FOR TECHNOLOGY DEVELOPMENT INC
    EIN:
    64-0689319
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 171 171   0
    PERSONAL PROPERTY TAX 90 0   0


    TY 2017 TransfersToControlledEntities
    Name:
    INSTITUTE FOR TECHNOLOGY DEVELOPMENT INC
    EIN:
    64-0689319
    Name US /
    Foreign Address    		 EIN Description Amount
    BIGGER PIE FORUM LLC (SINGLE MEMBER LLC) 750 WOODLANDS PKWY SUITE 201
    RIDGELAND,MS391575222     		64-0689319 TRANSFERS 62,000
    Total     62,000