Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2022
Open to Public Inspection
For calendar year 2022, or tax year beginning 01-01-2022 , and ending 12-31-2022
Name of foundation
CLARK AND CHRISTINE IVORY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)978 WOODOAK LANE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SALT LAKE CITY, UT84117
A Employer identification number

20-0478665
B Telephone number (see instructions)

(801) 747-7000
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$363,799,550J 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) 29,430,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 863,114 863,114  
5a Gross rents............ 5,280,342 952,242  
b Net rental income or (loss) 397,057
6a Net gain or (loss) from sale of assets not on line 10 1,699,778
b Gross sales price for all assets on line 6a 29,565,504
7 Capital gain net income (from Part IV, line 2)... 1,699,778
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)....... Click to see attachment
List of Attached Documents:
// Content
33,329,962 24,631,585  
12 Total. Add lines 1 through 11........ 70,603,196 28,146,719  
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
List of Attached Documents:
// Content
18,567 18,567   0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
2,100 0   0
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
25,670 25,670   0
17 Interest............... 1,691,092 9,151   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
2,397,787 455,085   0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
2,316,482 624,379  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
569,336 13,239   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 7,021,034 1,146,091   0
25 Contributions, gifts, grants paid....... 4,514,489 4,514,489
26 Total expenses and disbursements. Add lines 24 and 25 11,535,523 1,146,091   4,514,489
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 59,067,673
b Net investment income (if negative, enter -0-) 27,000,628
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2022)
Form 990-PF (2022)
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.............      
2 Savings and temporary cash investments......... 19,020,673 2,480,134 2,480,134
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow22,907,638
Less: allowance for doubtful accounts right arrow0 12,839,472 22,907,638 24,035,766
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)....... 9,400,016 Click to see attachment
List of Attached Documents:
// Content
38,705,842 		39,504,682
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow112,510,287
Less: accumulated depreciation (attach schedule) right arrow4,611,558 60,838,416 Click to see attachment
List of Attached Documents:
// Content
107,898,729 		108,259,739
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 84,977,806 Click to see attachment
List of Attached Documents:
// Content
74,963,187 		178,259,230
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
8,208,756 		Click to see attachment
List of Attached Documents:
// Content
11,259,999 		Click to see attachment
List of Attached Documents:
// Content
11,259,999
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 195,285,139 258,215,529 363,799,550
Liabilities 17 Accounts payable and accrued expenses.......... 678,909 2,019,273
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 62,816,530 66,435,421
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
491,639 		Click to see attachment
List of Attached Documents:
// Content
76,741
23 Total liabilities (add lines 17 through 22)......... 63,987,078 68,531,435
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 131,298,061 189,684,094
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 131,298,061 189,684,094
30 Total liabilities and net assets/fund balances (see instructions). 195,285,139 258,215,529
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
131,298,061
2
Enter amount from Part I, line 27a .....................
2
59,067,673
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
190,365,734
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
681,640
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
189,684,094
Form 990-PF (2022)
Form 990-PF (2022)
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 NET SHORT-TERM GAIN/LOSS ON PUBLICLY TRADED SEC. P    
b NET LONG-TERM GAIN/LOSS ON PUBLICLY TRADED SECURITIES P    
c SALE OF RIVERBOAT RD. LAND P    
d LONG-TERM GAIN/LOSS ON PASSTHROUGH P    
e CAPITAL GAINS DIVIDENDS P    
(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 19,253,004   19,585,768 -332,764
b 1,333,152   1,130,897 202,255
c 8,975,822   7,143,067 1,832,755
d     5,994 -5,994
e 3,526     3,526
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       -332,764
b       202,255
c       1,832,755
d       -5,994
e       3,526
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 1,699,778
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  
Form 990-PF (2022)
Form 990-PF (2022)
Page 4
Part V
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 right arrow 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) 1 375,309
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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........................... 3 375,309
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- ..... 5 375,309
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 365,520
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.............. 7 365,520
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. 8 1,615
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 11,404
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow   Refundedright arrow 11  
Part VI-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. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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:
round bullet By language in the governing instrument, or
round bullet 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
 
No
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 XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowUT
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 2022 or the taxable year beginning in 2022? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
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 (2022)
Form 990-PF (2022)
Page 5
Part VI-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 .............
11
 
No
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 addressright arrowWWW.IVORYFOUNDATION.ORG
14
The books are in care ofright arrowKEVIN ANGLESEY Telephone no.right arrow (801) 747-7000

Located atright arrow978 WOODOAK LANESALT LAKE CITYUT ZIP+4right arrow84117
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2022, 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 right arrow
Part VI-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? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
Yes
 
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(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)? ......................
1a(5)
 
No
(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.) ...............
1a(6)
 
No
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
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
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 2022? .............
1d
 
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 2022, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2022?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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? ..............................
3a
Yes
 
b
If "Yes," did it have excess business holdings in 2022 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 2022.) .....................
3b
 
No
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 2022? ..
4b
 
No
Form 990-PF (2022)
Form 990-PF (2022)
Page 6
Part VI-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))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
Yes
 
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
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
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
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? .................
5d
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
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?
7a
 
No
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? .........................
8
 
No
Part VII
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
CLARK D IVORY TRUSTEE
1.00 		0 0 0
978 WOODOAK LANE
SALT LAKE CITY,UT84117
CHRISTINE C IVORY TRUSTEE
3.00 		0 0 0
978 WOODOAK LANE
SALT LAKE CITY,UT84117
ABBY IVORY TRUSTEE
1.00 		0 0 0
978 WOODOAK LANE
SALT LAKE CITY,UT84117
MARY KATHRYN BERTHA TRUSTEE
1.00 		0 0 0
978 WOODOAK LANE
SALT LAKE CITY,UT84117
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...................right arrow 0
Form 990-PF (2022)
Form 990-PF (2022)
Page 7
Part VII
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.............right arrow0
Part VIII-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 VIII-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 THE FOUNDATION MADE AN ADDITIONAL BELOW MARKET LOAN TO THE UTAH HOUSING PRESERVATION FUND IN THE AMOUNT OF $3,000,000 ($9,300,000 LOANED IN TOTAL). THE UTAH HOUSING PRESERVATION FUND IS OWNED 100% BY THE UTAH NON-PROFIT HOUSING CORPORATION, A 501(C)(3) ENTITY. THE FUND IS ON A MISSION TO ENSURE THAT HOUSING IN UTAH REMAINS AFFORDABLE. THE FUND'S INVESTORS UNDERSTAND THIS AND ALL HAVE AGREED TO ALL RECEIVE A LOWER THAN MARKET RETURN. THANKS TO THIS, THE FUND CAN KEEP RENTS LOW, AND ALL OF THE ADDITIONAL PROFITS CAN BE USED TO PRESERVE MORE AFFORDABLE HOUSING. 3,000,000
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow3,000,000
Form 990-PF (2022)
Form 990-PF (2022)
Page 8
Part IX
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
35,144,344
b
Average of monthly cash balances.......................
1b
7,259,829
c
Fair market value of all other assets (see instructions)................
1c
230,711,936
d
Total (add lines 1a, b, and c).........................
1d
273,116,109
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
64,308,167
3
Subtract line 2 from line 1d.........................
3
208,807,942
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
3,132,119
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
205,675,823
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
10,283,791
Part X
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 IX, line 6..................
1
10,283,791
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
375,309
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
884,327
c
Add lines 2a and 2b............................
2c
1,259,636
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
9,024,155
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
9,024,155
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 XII, line 1 ...
7
9,024,155
Part XI
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
4,514,489
b
Program-related investments—total from Part VIII-B..................
1b
3,000,000
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 XII, line 4. .......
4
7,514,489
Form 990-PF (2022)
Form 990-PF (2022)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2021 		(c)
2021 		(d)
2022
1 Distributable amount for 2022 from Part X, line 7 9,024,155
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only....... 0
b Total for prior years:20, 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2017......  
b From 2018...... 94,262
c From 2019...... 272,556
d From 2020...... 842,001
e From 2021...... 188,992
f Total of lines 3a through e ........ 1,397,811
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 7,514,489
a Applied to 2021, 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 2022 distributable amount..... 7,514,489
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2022. 1,397,811 1,397,811
(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 2021. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2022. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2023 .......... 		111,855
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 2017 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2018....  
b Excess from 2019....  
c Excess from 2020....  
d Excess from 2021....  
e Excess from 2022....  
Form 990-PF (2022)
Form 990-PF (2022)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-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 2022, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2022 (b) 2021 (c) 2020 (d) 2019
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
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 IX, 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 XIV
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).)
CLARK D IVORY
CHRISTINE C IVORY
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 right arrow
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 (2022)
Form 990-PF (2022)
Page 11
Part XIV
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

YOUTH MAKING A DIFFERENCE

2493 W LANDAU LANE
SOUTH JORDAN,UT84095 		NONE PC GENERAL FUND 200

WEBER STATE UNIVERSITY

3850 DIXON PARKWAY DEPT 1014
OGDEN,UT84408 		NONE PC GENERAL FUND 135,600

VILLAGE BOOK BUILDERS

676 S 1160 W
OREM,UT84058 		NONE PC GENERAL FUND 5,000

UVU FOUNDATION

800 WEST UNIVERSITY PKWY MS111
OREM,UT84058 		NONE PC GENERAL FUND 55,000

UTAH VETERANS ALLIANCE

230 WEST 200 SOUTH NO 2607
SALT LAKE CITY,UT84101 		NONE PC GENERAL FUND 5,000

UTAH TENNIS ASSOCIATION

2469 E FORT UNION BLVD
SALT LAKE CITY,UT84121 		NONE PC GENERAL FUND 10,462

UTAH STATE UNIVERSITY

1590 OLD MAIN HILL
LOGAN,UT84322 		NONE PC GENERAL FUND 125,100

UTAH FRIENDS OF AMAR ICF

299 MARKET STREET SUITE 250
SADDLE BROOK,NJ07663 		NONE PC GENERAL FUND 5,000

UTAH FIRST LADY FOUNDATION

603 EAST SOUTH TEMPLE
SALT LAKE CITY,UT84102 		NONE PC GENERAL FUND 50,000

UTAH COMMUNITY BUILDERS

175 E UNIVERSITY BLVD 600
SALT LAKE CITY,UT84111 		NONE PC GENERAL FUND 105,900

UNIVERSITY OF UTAH

540 ARAPEEN DRIVE
SALT LAKE CITY,UT84108 		NONE PC GENERAL FUND 1,877,681

TREEUTAH

824 S 400 W STE B121
SALT LAKE CITY,UT84101 		NONE PC GENERAL FUND 92,497

THIS IS THE PLACE FOUNDATION

2601 E SUNNYSIDE AVE
SALT LAKE CITY,UT84108 		NONE PC GENERAL FUND 200,000

THE WILLA'S WORKSHOP FOUNDATION

1609 MILLBROOK RD
SALT LAKE CITY,UT84106 		NONE PC GENERAL FUND 10,000

THE URBAN INSTITUTE

500 LENFANT PLAZA SW
WASHINGTON,DC20024 		NONE PC GENERAL FUND 25,000

THE SALT LAKE TRIBUNE

90 S 400 W SUITE 600
SALT LAKE CITY,UT84111 		NONE PC GENERAL FUND 100,000

THE RON MCBRIDE FOUNDATION INC

9448 S 1210 E
SANDY,UT84094 		NONE PC GENERAL FUND 10,000

THE ROAD HOME

210 S RIO GRANDE STREET
SALT LAKE CITY,UT84101 		NONE PC GENERAL FUND 100,000

THE JAMES A & MARIAN HART ALAND FOUNDATION

2600 W 3500 N
FARR WEST,UT84404 		NONE PC GENERAL FUND 2,500

THE HOPE CLINIC

65 TWIN PEAKS ST
MIDVALE,UT84047 		NONE PC GENERAL FUND 19,000

THE GUADALUPE SCHOOL

1385 N 1200 W
SALT LAKE CITY,UT84116 		NONE PC GENERAL FUND 7,700

THE FREEDOMES FOUNDATION AT VALLEY FORGE

PO BOX 552
OLYMPIA,WA98507 		NONE PC GENERAL FUND 750

THE CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS

50 E NORTH TEMPLE ST
SALT LAKE CITY,UT84150 		NONE PC GENERAL FUND 105,000

TERNER HOUSING INNOVATION LABS

490 43RD STREET 15
OAKLAND,CA94609 		NONE PC GENERAL FUND 75,000

TENNIS AND TUTORING UTAH

2264 EAST EMERALD HILLS COURT
COTTONWOOD HEIGHTS,UT84121 		NONE PC GENERAL FUND 1,000

SUCCESS IN EDUCATION FOUNDATION

111 EAST BROADWAY STE 900
SALT LAKE CITY,UT84111 		NONE PC GENERAL FUND 16,000

STELLA'S HOUSE INC

1185 MARDA LN
ANNAPOLIS,MD21403 		NONE PC GENERAL FUND 10,000

ST VINCENT

1375 SPRING LANE
SALT LAKE CITY,UT84117 		NONE PC GENERAL FUND 1,025

SLCC FOUNDATION

1101 BERTRAND DRIVE
LAFAYETTE,LA70506 		NONE PC GENERAL FUND 50,000

SHRINERS HOSPITAL FOR CHILDREN

1275 E FAIRFAX RD
SALT LAKE CITY,UT84103 		NONE PC GENERAL FUND 10,000

SF ENTERPRISES

838 W 12TH STREET
LONG BEACH,CA90813 		NONE PC GENERAL FUND 2,200

SANPETE PANTRY

1080 BLACK HAWK BLVD
MT PLEASANT,UT84647 		NONE PC GENERAL FUND 5,000

SAMMY'S BUDDY PROGRAM

1001 PONTIAC STREET
DENVER,UT80220 		NONE PC GENERAL FUND 10,000

SALT LAKE CITY CORP

451 SOUTH STATE STREET
SALT LAKE CITY,UT84111 		NONE PC GENERAL FUND 25,000

RONALD MCDONALD HOUSE CHARITIES

ONE KROC DRIVE
OAK BROOK,IL60523 		NONE PC GENERAL FUND 5,000

REFUGEE PANTRY

3134 S 300 E
SOUTH SALT LAKE,UT84115 		NONE PC GENERAL FUND 274

RED BARN ACADEMY

1200 WEST RED BARN LANE
FARMINGTON,UT84025 		NONE PC GENERAL FUND 2,000

OPERATION UNDERGROUND RAILROAD

PO BOX 57338
SALT LAKE CITY,UT84157 		NONE PC GENERAL FUND 500

OKLAHOMA UNIVERSITY FOUNDATION

820 VAN VLEET OVAL ECH 100
NORMAN,OK73019 		NONE PC GENERAL FUND 15,000

NEIGHBORHOOD HOUSE ASSOCIATION

5660 COPLEY DR
SAN DIEGO,CA92111 		NONE PC GENERAL FUND 100,000

NATIONAL FOOTBALL FUND UTAH CHAPTER

99 W S TEMPLE
SALT LAKE CITY,UT84101 		NONE PC GENERAL FUND 1,000

MASON GIVES INC

394 SOUTH 10 WEST
FARMINGTON,UT84025 		NONE PC GENERAL FUND 5,000

LANTERN HOUSE

269 W 33RD ST
OGDEN,UT84401 		NONE PC GENERAL FUND 1,000

INTERMOUNTAIN FOUNDATION

36 STATE ST 23
SALT LAKE CITY,UT84111 		NONE PC GENERAL FUND 200,000

HUNTSMAN CANCER FOUNDATION

500 HUNTSMAN WAY
SALT LAKE CITY,UT84108 		NONE PC GENERAL FUND 5,500

HINCKLEY INSTITUE OF POLITICS

260 CENTRAL CAMPUS DR 2018
SALT LAKE CITY,UT84112 		NONE PC GENERAL FUND 13,500

HELP START EDUCATION FOUNDATION

50 NORTH 600 WEST SUITE C
SALT LAKE CITY,UT84116 		NONE PC GENERAL FUND 20,000

GRANITE EDUCATION FOUNDATION

2500 S STATE STREET
SALT LAKE CITY,UT84115 		NONE PC GENERAL FUND 51,000

GIRLS ON THE RUN

PO BOX 58337
SALT LAKE CITY,UT84158 		NONE PC GENERAL FUND 20,000

FRIENDS OF THE CHILDREN

44 NE MORRIS ST
PORTLAND,OR97212 		NONE PC GENERAL FUND 100,000

FIGHT AGAINST DOMESTIC VIOLENCE

3135 S RICHMOND ST
SALT LAKE CITY,UT84106 		NONE PC GENERAL FUND 1,000

ENVISION UTAH

254 SOUTH 600 EAST ST 201
SALT LAKE CITY,UT84102 		NONE PC GENERAL FUND 20,000

EMPOWERED EDUCATION

4521 S MICHIGAN AVE APT 1R
CHICAGO,IL60653 		NONE PC GENERAL FUND 25,000

DOWNTOWN ALLIANCE INC

201 S MAIN ST 2300
SALT LAKE CITY,UT84111 		NONE PC GENERAL FUND 1,000

DELTA GAMMA

1373 E 100 S
SALT LAKE CITY,UT84102 		NONE PC GENERAL FUND 1,000

CURTIS CENTER PROJECT FOR ARTS & EDUCATION

2100 N 3200 W
LEHI,UT84043 		NONE PC GENERAL FUND 201,600

COMMUNITY FOUNDATION OF UTAH

2257 SOUTH 1100 EAST SUITE 205
SALT LAKE CITY,UT84106 		NONE PC GENERAL FUND 250,000

CHOLANGIOCARCINOMA FOUNDATION

5526 WEST 13400 SOUTH STE 510
HERRIMAN,UT84096 		NONE PC GENERAL FUND 2,500

CATHOLIC COMMUNITY SERVICES

224 N 2200 W
SALT LAKE CITY,UT84116 		NONE PC GENERAL FUND 50,000

CARS THAT CARE

463 W 1500 N
CENTERVILLE,UT84014 		NONE PC GENERAL FUND 10,000

CAMP KOSTOPULOS

4180 EMIGRATION CANYON RD
EMIGRATION CANYON,UT84108 		NONE PC GENERAL FUND 15,000

BYU PATHWAY WORLDWIDE

3 TRIAD CENTER SUITE 500 1125
SALT LAKE CITY,UT84180 		NONE PC GENERAL FUND 100,000

BELMONT PUBLIC LIBRARY

336 CONCORD AVE
BELMONT,MA02478 		NONE PC GENERAL FUND 5,000

AUGUST MISSION

715 E 700 N
AMERICAN FORK,UT84003 		NONE PC GENERAL FUND 25,000

AMERICAN INDIAN SERVICES

3115 E LION LANE STE 320
COTTONWOOD HEIGHTS,UT84121 		NONE PC GENERAL FUND 5,000

4TH STREET CLINIC

409 W 400 S
SALT LAKE CITY,UT84101 		NONE PC GENERAL FUND 10,000
Total .................................right arrow 3a 4,514,489
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2022)
Form 990-PF (2022)
Page 12
Part XV-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 ........... 		         
4 Dividends and interest from securities ....     14 863,114  
5 Net rental income or (loss) from real estate:
aDebt-financed property...... 532000   16 121,337  
bNot debt-financed property..... 532000 275,720 16    
6 Net rental income or (loss) from personal property          
7 Other investment income ..... 532000 8,698,377 16 24,631,585  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 1,699,778  
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) .. 8,974,097 27,315,814 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
36,289,911
(See worksheet in line 13 instructions to verify calculations.)
Part XV-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 XV-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 (2022)
Form 990-PF (2022)
Page 13
Part XVI
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2022)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2022
Name of the organization
CLARK AND CHRISTINE IVORY FOUNDATION
 
Employer identification number

20-0478665
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2022)
Schedule B (Form 990) (2022) Page 2
Name of organization
CLARK AND CHRISTINE IVORY FOUNDATION
  		Employer identification number
20-0478665
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
IVORY HOMES
 
978 WOODOAK LANE
 
SALT LAKE CITY, UT84117

$ 15,330,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
SINTRA INVESTMENTS LLC
 
978 WOODOAK LANE
 
SALT LAKE CITY, UT84117

$ 6,200,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
CAPITOL APARTMENTS
 
978 WOODOAK LANE
 
SALT LAKE CITY, UT84117

$ 300,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
4
IVORY LAND CORP
 
978 WOODOAK LANE
 
SALT LAKE CITY, UT84117

$ 500,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
5
IVORY TOWNS
 
978 WOODOAK LANE
 
SALT LAKE CITY, UT84117

$ 7,100,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2022)
Schedule B (Form 990) (2022)
Page 3
Name of organization
CLARK AND CHRISTINE IVORY FOUNDATION
  		Employer identification number

20-0478665
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 10.04 AC RAW LAND $ 5,280,000 2022-12-15
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 23 FINISHED LOTS- COYOTE RIDGE 4 $ 2,300,000 2022-11-17
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 26 FINISHED LOTS- GABLERS GROVE 2 $ 1,950,000 2022-06-30
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 40 FINISHED LOTS- GABLERS GROVE 3 $ 2,000,000 2022-12-29
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 46 FINISHED LOTS- GABLERS GROVE 4 $ 2,300,000 2022-12-13
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 HOLBROOK VILLAGE C3B $ 1,500,000 2022-06-30
Schedule B (Form 990) (2022)
Name of organization
CLARK AND CHRISTINE IVORY FOUNDATION
  		Employer identification number

20-0478665
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
2
 IMPROVMENTS ON 6 LOTS ON COYOTE RIDGE 3 $ 600,000 2022-12-01
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
2
 16 FINISHED HOMES IN HOLBROOK VILLAGE C2B $ 5,600,000 2022-12-27
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 33 LOTS RAW LAND NO IMPROVEMENTS $ 300,000 2022-06-30
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
4
 2.71 AC OF GABLERS GROVE 5 $ 500,000 2022-12-27
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
5
 6 FINISHED LOTS COYOTE RIDGE 3 $ 600,000 2022-12-01
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
5
 25 FINISHED HOMES- GABLERS GROVE 1 $ 6,500,000 2022-10-31
Schedule B (Form 990) (2022)
Schedule B (Form 990) (2022)
Page 4
Name of organization
CLARK AND CHRISTINE IVORY FOUNDATION
  		Employer identification number

20-0478665
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2022)
Additional Data


Software ID:  
Software Version:  

TY 2022 AccountingFeesSchedule
Name:
CLARK AND CHRISTINE IVORY FOUNDATION
EIN:
20-0478665
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 2,100 0   0

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TY 2022 DepreciationSchedule
Name:
CLARK AND CHRISTINE IVORY FOUNDATION
EIN:
20-0478665
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
TOWNHOMES 2018-12-20 5,935,867 656,551 SL 27.500000000000 215,850 0    
TOWNHOME LAND 2018-12-20 659,541   L   0 0    
49 TOWNHOMES LAND 2020-12-31 1,375,903   L   0 0    
TOWNHOMES- JORDAN VIEW LANDING 2021-10-04 11,979,576 90,754 SL 27.500000000000 435,621 0    
TOWNHOMES- JORDAN VIEW LANDING LAND 2021-10-04 2,188,320   L   0 0    
IVORY HOMES 47 TOWN HOMES 2019-12-31 10,247,005 760,811 SL 27.500000000000 372,618 0    
47 TOWNHOMES LAND 2019-12-31 1,138,556   L   0 0    
49 TOWN HOMES 2020-12-31 12,383,127 469,058 SL 27.500000000000 450,296 0    
BUILDING 1 2021-07-19 3,095,578 35,470 ADS 40.000000000000 77,389 0    
BUILDING 2 2021-09-02 5,247,286 38,261 ADS 40.000000000000 131,182 0    
SNOW SPRINGS BUILDING 2022-06-30 9,816,810   ADS 40.000000000000 132,936 132,936    
SNOW SPRINGS LAND 2022-06-30 3,813,194   L 0 % 0 0    
BUILDING 2022-04-14 10,549,876   SL 27.500000000000 271,739 271,739    
LAND 2022-04-14 5,496,664   L   0 0    
BUILDING 3 2022-06-01 675,453   ADS 40.000000000000 9,147 9,147    
BUILDING 2022-06-01 16,224,300   ADS 40.000000000000 219,704 219,704    
LAND 2022-06-01 1,398,682   L   0 0    

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TY 2022 ExpenditureResponsibilityStmt
Name:
CLARK AND CHRISTINE IVORY FOUNDATION
EIN:
20-0478665
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
LANDED EDUCATORS
  		548 MARKET STREET STE 79600
SAN FRANCISCO,CA94104 		2021-01-29 250,000 PROVIDE FUNDS FOR HOUSING ASSITANCE FOR EDUCATORS   NO 2/1/2021, 5/31/2021, 8/11/2021, 11/11/2021   ALL REPORTS INDICATE THAT FUNDS ARE PROPERLY AND RESPONSIBLY USED.

TY 2022 InvestmentsCorpStockSchedule
Name:
CLARK AND CHRISTINE IVORY FOUNDATION
EIN:
20-0478665
Name of Stock End of Year Book Value End of Year Fair Market Value
CORPORATE STOCK 38,705,842 39,504,682

TY 2022 InvestmentsLandSchedule2
Name:
CLARK AND CHRISTINE IVORY FOUNDATION
EIN:
20-0478665
Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
TOWNHOMES 5,935,867 872,401 5,063,466  
TOWNHOME LAND 659,541 0 659,541  
49 TOWNHOMES LAND 1,375,903 0 1,375,903  
TOWNHOMES- JORDAN VIEW LANDING 11,979,576 526,375 11,453,201  
TOWNHOMES- JORDAN VIEW LANDING LAND 2,188,320 0 2,188,320  
IVORY HOMES 47 TOWN HOMES 10,247,005 1,133,429 9,113,576  
47 TOWNHOMES LAND 1,138,556 0 1,138,556  
49 TOWN HOMES 12,383,127 919,354 11,463,773  
BUILDING 1 3,095,578 112,859 2,982,719  
BUILDING 2 5,247,286 169,443 5,077,843  
SNOW SPRINGS BUILDING 9,816,810 132,936 9,683,874  
SNOW SPRINGS LAND 3,813,194 0 3,813,194  
BUILDING 10,549,876 271,739 10,278,137  
LAND 5,496,664 0 5,496,664  
BUILDING 3 675,453 9,147 666,306  
BUILDING 16,224,300 219,704 16,004,596  
LAND 1,398,682 0 1,398,682  

TY 2022 InvestmentsOtherSchedule2
Name:
CLARK AND CHRISTINE IVORY FOUNDATION
EIN:
20-0478665
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
OTHER INVESTMENTS AT COST 74,963,187 178,259,230

TY 2022 LegalFeesSchedule
Name:
CLARK AND CHRISTINE IVORY FOUNDATION
EIN:
20-0478665
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 18,567 18,567   0


TY 2022 OtherAssetsSchedule
Name:
CLARK AND CHRISTINE IVORY FOUNDATION
EIN:
20-0478665
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
PRI - UNIVERSITY OF UTAH 1,000,000 1,000,000 1,000,000
PRI - LANDED EDUCAT 500,000 475,000 475,000
PRI - OTHER 250,000 193,619 193,619
PRI - UTAH HOUSING PRESERVATION 6,300,000 9,591,380 9,591,380
OTHER ASSET 158,756 0 0


TY 2022 OtherDecreasesSchedule
Name:
CLARK AND CHRISTINE IVORY FOUNDATION
EIN:
20-0478665
Description Amount
PRIOR PERIOD ADJUSTMENT 681,640


TY 2022 OtherExpensesSchedule
Name:
CLARK AND CHRISTINE IVORY FOUNDATION
EIN:
20-0478665
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER EXPENSES 1,600 0   0
OTHER EXPENSES 87,563 0   0
INSURANCE 16,585 0   0
ADMIN EXPENSE 132,581 0   0
INSURANCE 3,528 0   0
INSURANCE 1,743 1,743   0
OTHER EXPENSES 3,000 3,000   0
BANK CHARGES 4,228 0   0
OTHER EXPENSES 261,366 0   0
INSURANCE 1,496 1,496   0
ADMIN EXPENSE 7,000 7,000   0
AMORTIZATION 48,646 0   0


TY 2022 OtherIncomeSchedule2
Name:
CLARK AND CHRISTINE IVORY FOUNDATION
EIN:
20-0478665
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
INCOME FROM PASSTHROUGHS 33,329,962 24,631,585 33,329,962


TY 2022 OtherLiabilitiesSchedule
Name:
CLARK AND CHRISTINE IVORY FOUNDATION
EIN:
20-0478665
Description Beginning of Year - Book Value End of Year - Book Value
OTHER LIABILITIES 491,639 76,741


TY 2022 OtherProfessionalFeesSchedule
Name:
CLARK AND CHRISTINE IVORY FOUNDATION
EIN:
20-0478665
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OUTSIDE SERVICES 25,670 25,670   0


TY 2022 TaxesSchedule
Name:
CLARK AND CHRISTINE IVORY FOUNDATION
EIN:
20-0478665
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES PAID 6,381 6,381   0
INCOME TAX 2,043,160 401,033   0
PROPERTY TAX 33,220 8,767   0
TAXES 188,420 0   0
PROPERTY TAX 87,702 0   0
PROPERTY TAX 38,904 38,904   0