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
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 10-01-2020 , and ending 09-30-2021
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$7,697,678J 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 2 2  
4 Dividends and interest from securities... 115,409 115,409  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 389,830
b Gross sales price for all assets on line 6a 2,363,180
7 Capital gain net income (from Part IV, line 2)... 389,830
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........ 505,241 505,241  
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 8,286 0   6,215
b Accounting fees (attach schedule)....... Click to see attachment 8,500 2,125   4,250
c Other professional fees (attach schedule).... Click to see attachment 254,187 0   225,051
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 138 89   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 10,360 0   8,806
21 Travel, conferences, and meetings....... 829 0   829
22 Printing and publications.......... 2,498 0   2,498
23 Other expenses (attach schedule)....... Click to see attachment 114,542 62,229   50,228
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 399,340 64,443   297,877
25 Contributions, gifts, grants paid....... 156,250 156,250
26 Total expenses and disbursements. Add lines 24 and 25 555,590 64,443   454,127
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -50,349
b Net investment income (if negative, enter -0-) 440,798
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
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............. 335,957 452,617 452,617
2 Savings and temporary cash investments......... 594,509 152,153 152,153
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)....... 5,730,024 Click to see attachment7,092,908 7,092,908
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) bullet6,243      
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 6,660,490 7,697,678 7,697,678
Liabilities 17 Accounts payable and accrued expenses.......... 13,284 23,370
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)......... 13,284 23,370
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 6,647,206 7,674,308
29 Total net assets or fund balances (see instructions)..... 6,647,206 7,674,308
30 Total liabilities and net assets/fund balances (see instructions). 6,660,490 7,697,678
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
6,647,206
2
Enter amount from Part I, line 27a .....................
2
-50,349
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1,077,451
4
Add lines 1, 2, and 3 ..........................
4
7,674,308
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
7,674,308
Form 990-PF (2020)
Form 990-PF (2020)
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 586,846   612,431 -25,585
b 1,776,334   1,360,919 415,415
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       -25,585
b       415,415
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 2 389,830
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
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
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 for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 6,127
c All other domestic foundations enter 1.39% 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 6,127
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 6,127
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 6,029
b Exempt foreign organizations—tax withheld at source...... 6b 0
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 6,029
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 98
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet   RefundedBullet 11  
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 the instructions
for the 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 2020 or the taxable year beginning in 2020? 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 (2020)
    Form 990-PF (2020)
    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 addressbulletBIGGERPIEFORUM.ORG
    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 2020, 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 2020?.............
    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 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    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 2020 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 2020.)..................
    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 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 VICE PRESIDENT
    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 (2020)
    Form 990-PF (2020)
    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 (2020)
    Form 990-PF (2020)
    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
    6,577,705
    b
    Average of monthly cash balances.......................
    1b
    836,239
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    7,413,944
    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
    7,413,944
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    111,209
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    7,302,735
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    365,137
    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
    365,137
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    6,127
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    6,127
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    359,010
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    359,010
    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
    359,010
    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
    454,127
    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
    454,127
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    454,127
    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 (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 359,010
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018...... 130,325
    e From 2019...... 33,258
    fTotal of lines 3a through e........ 163,583
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 454,127
    a Applied to 2019, but not more than line 2a 0
    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 2020 distributable amount..... 359,010
    e Remaining amount distributed out of corpus 95,117
    5 Excess distributions carryover applied to 2020. 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 5 258,700
    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 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    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 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		258,700
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018.... 130,325
    d Excess from 2019.... 33,258
    e Excess from 2020.... 95,117
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 2020, 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) 2020 (b) 2019 (c) 2018 (d) 2017
             
    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 (2020)
    Form 990-PF (2020)
    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 156,250
    Total .................................bullet 3a 156,250
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 2  
    4 Dividends and interest from securities....     14 115,409  
    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 ............     		    18 389,830  
    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).. 0 505,241 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    505,241
    (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 (2020)
    Form 990-PF (2020)
    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 instructions.
    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 (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    INSTITUTE FOR TECHNOLOGY DEVELOPMENT INC
    EIN:
    64-0689319
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 8,500 2,125   4,250

    TY 2020 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 2020 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 12,127 12,127
    ADOBE INC 127,810 127,810
    AGILENT TECHNOLOGIES INC 46,471 46,471
    ALBEMARLE CORP 68,757 68,757
    ALERIAN MLP ETR 3,566 3,566
    ALLIED MOTION TECHNOLOGIES INC 1,439 1,439
    ALPHABET INC. 125,655 125,655
    AMAZON.COM INC 49,276 49,276
    AMERICAN EXPRESS CO. 34,679 34,679
    AMERICAN FINANCIAL GROUP 26,298 26,298
    AMERICAN STATES WATER CO 1,454 1,454
    AMERICAN STATES WATER CO 20,116 20,116
    AMETEK INC. 20,958 20,958
    AMN HEALTHCARE SERVICES INC. 2,066 2,066
    AON PLC 125,739 125,739
    APOLLO MEDICAL HOLDINGS INC 9,742 9,742
    APPLE, INC. 200,789 200,789
    APPLIED MATERIANS 52,007 52,007
    ARENA PHARMACEUTICALS INC 2,322 2,322
    ATKORE INTERNATIONAL GROUP 3,216 3,216
    ATMOS ENERGY CORP 12,965 12,965
    AVERY DENNISON CORP. 82,884 82,884
    AXOS FINANCIAL INC. 1,804 1,804
    BLUEPRINT MEDICINES CORP 1,748 1,748
    BOISE CASCADE CO. 1,673 1,673
    BOOT BARN HOLDINGS INC 3,377 3,377
    CACTUS INC. 1,961 1,961
    CALIX INC. 2,027 2,027
    CARETRUST REIT INC. 975 975
    CARNIVAL CORPORATION 70,028 70,028
    CHARTER COMMUNICATIONS INC 29,830 29,830
    CHESAPEAKE ENERGY CORP. 2,217 2,217
    CHEVRON CORP 60,870 60,870
    CHIPOTLE MEXICAN GRILL INC 25,445 25,445
    CIENA CORP 26,291 26,291
    CINTAS CORP. 76,132 76,132
    CIRRUS LOGIC INC 1,976 1,976
    CITIGROUP INC 56,144 56,144
    COLUMBUS MCKINNON CORP 1,692 1,692
    COMCAST CORP. 38,256 38,256
    CONOCOPHILLIPS 17,552 17,552
    CORCEPT THERAPEUTICS INC. 1,830 1,830
    CROCS INC. 4,017 4,017
    CUSHMAN & WAKEFIELD PLC 1,172 1,172
    DECKERS OUTDOOR CORP 1,801 1,801
    DICERNA PHARMACEUTICALS 1,250 1,250
    DIODES 2,899 2,899
    DOLLAR GENERAL CORP. 123,678 123,678
    DOMINOS 33,864 33,864
    DOV 22,081 22,081
    EASTGROUP PROPERTY INC. 2,000 2,000
    EASTMAN CHEMICAL CO. 23,472 23,472
    EATON CORP PLC 43,748 43,748
    EBAY 25,360 25,360
    EDWARDS LIFESCIENCES CORP. 39,057 39,057
    ELECTRONIC ARTS INC. 18,777 18,777
    ELI LILLY & CO. 24,722 24,722
    ENOVA INTERNATIONAL INC 2,626 2,626
    ENTEGRIS INC. 2,140 2,140
    EQUINIX INC. 43,457 43,457
    ESTEE LAUDER COMPANIES INC 33,592 33,592
    EVERGY INC. 16,483 16,483
    FACEBOOK INC. 135,756 135,756
    FEDERAL AGRIC MTG CORP-CL C 1,736 1,736
    FIFTH THIRD BANCORP 30,345 30,345
    FIRST SOLAR INC 66,440 66,440
    FIRST TRUST NORTH AMERICAN ENERG 3,574 3,574
    FIRST TRUST PREFERRED SECURITIES & 61,620 61,620
    FIVE BELOW INC. 23,162 23,162
    FLAGSTAR BANCORP INC. 1,777 1,777
    FORTINET INC. 55,488 55,488
    GENERAC HOLDINGS INC 6,539 6,539
    GENTEX CORPORATION 22,031 22,031
    GETTY REALTY CORP 1,934 1,934
    HALOZYME THERAPEUTICS INC 1,464 1,464
    HAMILTON LANE 2,629 2,629
    HANOVER INSURANCE GROUP INC. 24,369 24,369
    HDFC BANK LTD 75,283 75,283
    HELEN OF TROY 24,490 24,490
    HIBBETT SPORTS INC 2,547 2,547
    HILL-ROM HOLDINGS INC. 35,550 35,550
    HILTON WORLDWIDE HOLDINGS INC 30,121 30,121
    IDEX CORP 20,074 20,074
    ILLINOIS TOOL WORKS INC. 71,701 71,701
    INGLES MARKETS INC-CLASS A 2,179 2,179
    INTEGER HOLDINGS INC. 1,519 1,519
    INTERNATIONAL SEAWAYS INC. 1,731 1,731
    INTUIT INC. 80,927 80,927
    INTUITIVE SURGICAL INC. 24,854 24,854
    INVESCO GLOBAL LISTED PRIVATE EQU 52,430 52,430
    INVESCO SENIOR LOAN ETF 2,697 2,697
    INVESCO WATER RESOURCES ETF 54,720 54,720
    IRIDIUM COMMUNICATIONS 3,029 3,029
    ISHARES BARCLAY'S 20+ YEAR TREASU 9,236 9,236
    ISHARES COMMODITIES SELECT STRATE 27,776 27,776
    ISHARES CORE S&P 500 ETF 41,359 41,359
    ISHARES CORE US AGGREGATE BOND 6,890 6,890
    ISHARES GOLD TRUST 116,935 116,935
    ISHARES IBOXX HIGH YIELD CORP 11,986 11,986
    ISHARES IBOXX INV GR CORP BON 11,574 11,574
    ISHARES MICRO-CAP ETF 79,809 79,809
    ISHARES MSCI EAFE ETF 6,943 6,943
    ISHARES MSCI EMERGING MARKETS 3,476 3,476
    ISHARES MSCI FRONTIER 100 9,224 9,224
    ISHARES RUSSELL 2000 ETF 4,594 4,594
    ISHARES S&P GLOBAL INFRASTRUCTURE 3,580 3,580
    ISHARES SHORT MATURITY BOND ETF 20,758 20,758
    ISHARES US PREFERRED STOCK ET 11,527 11,527
    JP MORGAN CHASE INC 34,211 34,211
    KADANT INC 3,062 3,062
    KBH HOME 2,063 2,063
    KEYSIGHT TECHNOLOGIES INC. 25,958 25,958
    KFORCE INC. 2,207 2,207
    KIMBALL ELECTRONICS INC. 1,881 1,881
    KLA CORPORATION 34,455 34,455
    LAKELAND FINANCIAL CORP 1,923 1,923
    LAM RESEARCH CORPORATION 56,915 56,915
    LANTHEUS HOLDINGS INC 2,080 2,080
    LATTICE SEMICONDUCTOR CORP 4,719 4,719
    LOCKHEED MARTIN CORPORATION 17,945 17,945
    LOUISIANA PACIFIC CORP 3,191 3,191
    LUMEN TECHNOLOGIES 95,217 95,217
    LUMENTUM HOLDINGS 2,005 2,005
    MALIBU BOATS INC. 2,589 2,589
    MARATHON OIL CORP. 71,084 71,084
    MARATHON PETROLEUM CORP. 18,852 18,852
    MASTEC INC. 1,467 1,467
    MASTERCARD INC. 139,072 139,072
    MEDPACE HOLDINGS INC. 3,596 3,596
    MEDTRONIC PLC 30,961 30,961
    MERITOR INC 1,364 1,364
    MICROSOFT CORP. 189,732 189,732
    MKS INSTRUMENTS 23,391 23,391
    MODEL N INC. 1,675 1,675
    MODIVCARE, INC 2,361 2,361
    MOELIS & CO 2,104 2,104
    MOODY'S CORP. 142,044 142,044
    MORGAN STANLEY 155,696 155,696
    MOTOROLA SOLUTIONS INC. 41,121 41,121
    MSA SAFETY INC. 1,603 1,603
    NATIONAL STORAGE AFFILIATES TRUST 2,798 2,798
    NETFLIX INC. 29,296 29,296
    NORFOLK SOUTHERN CORP 18,662 18,662
    NORTHROP GRUMMAN CORP 25,931 25,931
    NVIDIA CORP. 128,439 128,439
    O'REILLY AUTOMOTIVE INC. 23,831 23,831
    OFG BANCORP 2,446 2,446
    OMNICELL INC. 2,078 2,078
    ONTO INNOVATION INC. 2,384 2,384
    ORMAT TECHNOLOGIES INC 1,532 1,532
    PACIRA BIOSCIENCES INC 1,456 1,456
    PAR TECHNOLOGY 1,538 1,538
    PAYPAL HOLDINGS INC. 134,789 134,789
    PFIZER INC 24,129 24,129
    PIMCO ENHANCES SHORT MATURITY 19,571 19,571
    PNC FINANCIAL SERVICES GROUP INC 29,933 29,933
    POTLATCHDELTIC CORP 23,727 23,727
    PRIMERICA INC. 19,818 19,818
    PROCTER & GAMBLE CO. 29,078 29,078
    QUALCOMM INC 19,734 19,734
    RAYTHEON COMPANY 60,172 60,172
    REGIONAL MANAGEMENT CORP. 3,665 3,665
    REGIONS FINANCIAL CORP 25,742 25,742
    RELIANCE STEEL & ALUMINUM CO. 36,175 36,175
    RENEWABLE ENERGY GROUP INC 2,108 2,108
    RH 2,001 2,001
    RLI CORP. 1,705 1,705
    RMR GROUP INC 1,706 1,706
    ROPER TECHNOLOGIES INC. 35,244 35,244
    SANDERSON FARMS INC. 27,101 27,101
    SCHNITZER STEEL INDUSTRIES INC. 2,234 2,234
    SCIENTIFIC GAMES CORP-A 3,157 3,157
    SELECT MEDICAL HOLDINGS CORP. 3,364 3,364
    SELECT SECTOR SPDR ENERGY 51,517 51,517
    SEMTECH CORP. 1,949 1,949
    SERVISFIRST BANCSHARES INC 2,801 2,801
    SILICON LABORATORIES INC 1,962 1,962
    SMART GLOBAL HOLDINGS INC. 1,825 1,825
    SPDR GOLD SHARES 2,299 2,299
    STONEX GROUP INC 1,845 1,845
    STRYKER CORP 22,152 22,152
    SUNNOVA ENERGY INTERNATIONAL 1,845 1,845
    SURMODICS INC. 1,612 1,612
    SYNOPSYS INC. 55,091 55,091
    T-MOBILE US INC 20,697 20,697
    T. ROWE PRICE GROUP INC. 22,424 22,424
    TARGET CORP. 118,960 118,960
    TECHTARGET INC. 2,143 2,143
    TEGNA, INC. 20,548 20,548
    THERMO FISHER SCIENTIFIC INC. 214,249 214,249
    TRANE TECHNOLOGIES PLC 112,223 112,223
    TRIPLE-S MANAGEMENT CORP 2,617 2,617
    TURTLE BEACH 1,920 1,920
    TWITTER, INC. 22,224 22,224
    TYSON FOODS, INC 14,999 14,999
    UNIFIRST CORPORATION 1,701 1,701
    UNITEDHEALTH GROUP INC. 135,196 135,196
    UNIVERSAL FOREST PRODUCTS 2,719 2,719
    VANECK VECTORS FALLEN ANGEL HIG 49,575 49,575
    VANGUARD FTSE EMERGING MARKET 100,020 100,020
    VANGUARD MID-CAP INDEX FUND E 118,380 118,380
    VANGUARD REAL ESTATE ETF 129,261 129,261
    VANGUARD SMALL-CAP INDEX FUND 218,670 218,670
    VIACOM INC CL B 16,989 16,989
    VIEMED HEALTHCARE INC 1,066 1,066
    VILLAGE SUPER MARKET 1,669 1,669
    VISA INC. 21,161 21,161
    VONAGE HOLDINGS CORP 1,838 1,838
    WAL-MART STORES INC. 85,440 85,440
    WALT DISNEY CO. 16,917 16,917
    WILLIAMS COS INC 29,961 29,961
    WORLD ACCEPTANCE CORP 2,654 2,654
    ZEBRA TECHNOLOGIES CORP 56,696 56,696
    ZOETIS INC. 28,733 28,733
    FEDERATED HERMES CAPTL INCOME 96,564 96,564
    FEDERATED HERMES INT'L LEADERS 31,020 31,020
    LAZARD INT'L STRATEGIC EQUITY-INST 36,939 36,939
    LOOMIS SAYLES SR. FLOATING RATE F 97,240 97,240
    T ROWE PRICE INT'L DISCOVERY 45,766 45,766

    TY 2020 LegalFeesSchedule
    Name:
    INSTITUTE FOR TECHNOLOGY DEVELOPMENT INC
    EIN:
    64-0689319
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 8,286 0   6,215


    TY 2020 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 28,025 0   27,535
    INSURANCE 7,771 0   7,771
    INVESTMENT MANAGEMENT FEES 61,994 61,994   0
    MISCELLANEOUS 235 235   0
    TELEPHONE/INTERNET 743 0   632
    WEB HOSTING AND SOCIAL MEDIA 6,097 0   6,097
    OFFICE EXPENSE 9,639 0   8,193
    PENALTIES 38 0   0


    TY 2020 OtherIncreasesSchedule
    Name:
    INSTITUTE FOR TECHNOLOGY DEVELOPMENT INC
    EIN:
    64-0689319
    Description Amount
    UNREALIZED GAINS/LOSSES ON STOCKS AND BONDS 1,077,451


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    INSTITUTE FOR TECHNOLOGY DEVELOPMENT INC
    EIN:
    64-0689319
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING FEES 254,187 0   225,051


    TY 2020 TaxesSchedule
    Name:
    INSTITUTE FOR TECHNOLOGY DEVELOPMENT INC
    EIN:
    64-0689319
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 89 89   0
    PERSONAL PROPERTY TAX 49 0   0


    TY 2020 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 65,000
    Total     65,000