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
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
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$415,216,182J 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) 16,130,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 535,303 535,303  
5a Gross rents............ 9,173,660 1,024,477  
b Net rental income or (loss) -1,567,574
6a Net gain or (loss) from sale of assets not on line 10 6,152
b Gross sales price for all assets on line 6a 6,152
7 Capital gain net income (from Part IV, line 2)... 6,152
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
-1,580,640 1,074,339  
12 Total. Add lines 1 through 11........ 24,264,475 2,640,271  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 203,060 101,530   0
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
29,421 8,192   0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
64,429 6,900   0
17 Interest............... 5,222,766 740,942   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
1,607,082 364,652   0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
3,768,401 589,804  
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
761,749 187,621   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 11,656,908 1,999,641   0
25 Contributions, gifts, grants paid....... 13,836,419 13,836,419
26 Total expenses and disbursements. Add lines 24 and 25 25,493,327 1,999,641   13,836,419
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,228,852
b Net investment income (if negative, enter -0-) 640,630
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
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......... 2,480,134 9,897,797 9,897,797
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 arrow7,748,369
Less: allowance for doubtful accounts right arrow0 22,907,638 7,748,369 8,048,058
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)....... 38,705,842 Click to see attachment
List of Attached Documents:
// Content
18,058,592 		21,847,241
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow188,963,630
Less: accumulated depreciation (attach schedule) right arrow8,505,254 107,898,729 Click to see attachment
List of Attached Documents:
// Content
180,458,376 		179,361,075
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 74,963,187 Click to see attachment
List of Attached Documents:
// Content
102,727,206 		182,189,099
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
11,259,999 		Click to see attachment
List of Attached Documents:
// Content
13,872,912 		Click to see attachment
List of Attached Documents:
// Content
13,872,912
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 258,215,529 332,763,252 415,216,182
Liabilities 17 Accounts payable and accrued expenses.......... 2,019,273 3,505,491
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 66,435,421 133,772,702
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
76,741 		Click to see attachment
List of Attached Documents:
// Content
889,025
23 Total liabilities (add lines 17 through 22)......... 68,531,435 138,167,218
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........... 189,684,094 194,596,034
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)..... 189,684,094 194,596,034
30 Total liabilities and net assets/fund balances (see instructions). 258,215,529 332,763,252
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
189,684,094
2
Enter amount from Part I, line 27a .....................
2
-1,228,852
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
6,140,792
4
Add lines 1, 2, and 3 ..........................
4
194,596,034
5
Decreases not included in line 2 (itemize) right arrow
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
194,596,034
Form 990-PF (2023)
Form 990-PF (2023)
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 GAIN/LOSS ON STOCK SALES P    
b
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 6,152     6,152
b
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       6,152
b
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 6,152
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
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 8,905
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 8,905
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 8,905
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 125,000
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.............. 7 125,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 222
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 115,873
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow115,873 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
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 2023 or the taxable year beginning in 2023? 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
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 2023, 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
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
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)
 
No
(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
 
 
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 2023? .............
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
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 2023 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 2023.) .....................
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 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
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)
 
No
(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
 
 
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? .............................
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
DARIN E HASKELL CONTROLLER
20.00 		164,317 0 0
11009 ALBION PASS COURT
SOUTH JORDAN,UT84095
CHARLES PORTER OPENSHAW CFO
20.00 		38,683 0 0
1987 CLAREMONT DRIVE
BOUNTIFUL,UT84010
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
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 ($12,300,000 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 (2023)
Form 990-PF (2023)
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
29,020,600
b
Average of monthly cash balances.......................
1b
3,751,768
c
Fair market value of all other assets (see instructions)................
1c
283,694,396
d
Total (add lines 1a, b, and c).........................
1d
316,466,764
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
73,247,487
3
Subtract line 2 from line 1d.........................
3
243,219,277
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
3,648,289
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
239,570,988
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
11,978,549
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
11,978,549
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
8,905
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
8,905
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
11,969,644
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
11,969,644
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
11,969,644
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
13,836,419
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
16,836,419
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 11,969,644
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 111,855
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 16,836,419
a Applied to 2022, but not more than line 2a 111,855
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 2023 distributable amount..... 11,969,644
e Remaining amount distributed out of corpus 4,754,920
5 Excess distributions carryover applied to 2023. 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 4,754,920
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 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		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 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		4,754,920
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023.... 4,754,920
Form 990-PF (2023)
Form 990-PF (2023)
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 2023, 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) 2023 (b) 2022 (c) 2021 (d) 2020
         
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 (2023)
Form 990-PF (2023)
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

4TH STREET CLINIC

409 W 400 S
SALT LAKE CITY,UT84101 		NONE PC GENERAL FUND 25,000

AMERICAN INDIAN SERVICES

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

AUGUST MISSION

715 E 700 N
AMERICAN FORK,UT84003 		NONE PC GENERAL FUND 500

BYU PATHWAY WORLDWIDE

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

CAMP KOSTOPULOS

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

CARS THAT CARE

463 W 1500 N
CENTERVILLE,UT84014 		NONE PC GENERAL FUND 20,000

CURTIS CENTER PROJECT FOR ARTS & EDUCATION

2100 N 3200 W
LEHI,UT84043 		NONE PC GENERAL FUND 450,400

ENVISION UTAH

254 SOUTH 600 EAST ST 201
SALT LAKE CITY,UT84102 		NONE PC GENERAL FUND 5,000

FIGHT AGAINST DOMESTIC VIOLENCE

3135 S RICHMOND ST
SALT LAKE CITY,UT84106 		NONE PC GENERAL FUND 5,000

FRIENDS OF THE CHILDREN

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

GRANITE EDUCATION FOUNDATION

2500 S STATE STREET
SALT LAKE CITY,UT84115 		NONE PC GENERAL FUND 165,567

HELP START EDUCATION FOUNDATION

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

HINCKLEY INSTITUE OF POLITICS

260 CENTRAL CAMPUS DR 2018
SALT LAKE CITY,UT84112 		NONE PC GENERAL FUND 26,948

INTERMOUNTAIN FOUNDATION

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

NEIGHBORHOOD HOUSE ASSOCIATION

5660 COPLEY DR
SAN DIEGO,CA92111 		NONE PC GENERAL FUND 150,000

REFUGEE PANTRY

3134 S 300 E
SOUTH SALT LAKE,UT84115 		NONE PC GENERAL FUND 5,000

RONALD MCDONALD HOUSE CHARITIES

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

SALT LAKE CITY CORP

451 SOUTH STATE STREET
SALT LAKE CITY,UT84111 		NONE PC GENERAL FUND 100,000

SAMMY'S BUDDY PROGRAM

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

SANPETE PANTRY

1080 BLACK HAWK BLVD
MT PLEASANT,UT84647 		NONE PC GENERAL FUND 12,500

SHRINERS HOSPITAL FOR CHILDREN

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

SUCCESS IN EDUCATION FOUNDATION

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

TENNIS AND TUTORING UTAH

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

TERNER HOUSING INNOVATION LABS

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

THE CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS

50 E NORTH TEMPLE ST
SALT LAKE CITY,UT84150 		NONE PC GENERAL FUND 100,000

THE FREEDOMES FOUNDATION AT VALLEY FORGE

PO BOX 552
OLYMPIA,WA98507 		NONE PC GENERAL FUND 750

THE HOPE CLINIC

65 TWIN PEAKS ST
MIDVALE,UT84047 		NONE PC GENERAL FUND 24,500

THE URBAN INSTITUTE

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

THE WILLA'S WORKSHOP FOUNDATION

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

THIS IS THE PLACE FOUNDATION

2601 E SUNNYSIDE AVE
SALT LAKE CITY,UT84108 		NONE PC GENERAL FUND 210,000

TREEUTAH

824 S 400 W STE B121
SALT LAKE CITY,UT84101 		NONE PC GENERAL FUND 69,640

UNIVERSITY OF UTAH

540 ARAPEEN DRIVE
SALT LAKE CITY,UT84108 		NONE PC GENERAL FUND 3,080,000

UTAH COMMUNITY BUILDERS

175 E UNIVERSITY BLVD 600
SALT LAKE CITY,UT84111 		NONE PC GENERAL FUND 115,000

UTAH FIRST LADY FOUNDATION

603 EAST SOUTH TEMPLE
SALT LAKE CITY,UT84102 		NONE PC GENERAL FUND 200,000

UTAH STATE UNIVERSITY

1590 OLD MAIN HILL
LOGAN,UT84322 		NONE PC GENERAL FUND 194,500

UTAH TENNIS ASSOCIATION

2469 E FORT UNION BLVD
SALT LAKE CITY,UT84121 		NONE PC GENERAL FUND 11,711

UTAH VETERANS ALLIANCE

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

UVU FOUNDATION

800 WEST UNIVERSITY PKWY MS111
OREM,UT84058 		NONE PC GENERAL FUND 56,000

WEBER STATE UNIVERSITY

3850 DIXON PARKWAY DEPT 1014
OGDEN,UT84408 		NONE PC GENERAL FUND 116,500

YOUTH MAKING A DIFFERENCE

2493 W LANDAU LANE
SOUTH JORDAN,UT84095 		NONE PC GENERAL FUND 500

AMERICAN CANCER SOCIETY

375 E 100 S
SALT LAKE CITY,UT84111 		NONE PC GENERAL FUND 5,000

CONGREGATION KOL AMI

2425 HERITAGE WAY
SALT LAKE CITY,UT84109 		NONE PC GENERAL FUND 10,000

CORNELL UNIVERSITY

130 EAST SENECA STREET SUITE 400
ITHACA,NY14850 		NONE PC GENERAL FUND 50,000

DAVID ECCLES SCHOOL OF BUSINESS

1655 CAMPUS CENTER DR
SALT LAKE CITY,UT84112 		NONE PC GENERAL FUND 7,292

DAVIS TECHNICAL COLLEGE FOUNDATION

550 E 300 S
KAYSVILLE,UT84037 		NONE PC GENERAL FUND 5,000

ENCIRCLE FAMILY & RESOURCE CENTER

331 S 600 E
SALT LAKE CITY,UT84102 		NONE PC GENERAL FUND 5,000

THE EUROSEMINAR FOUNDATION

333 N PALISADES DR
OREM,UT84097 		NONE PC GENERAL FUND 5,000

FPC PRESERVATION FOUNDATION

12 C STREET
SALT LAKE CITY,UT84103 		NONE PC GENERAL FUND 10,000

JOINT CENTER FOR HOUSING STUDIES

1 BOW STREET SUITE 400
CAMBRIDGE,MA02138 		NONE PC GENERAL FUND 75,000

THE LEONARDO MUSEUM

209 E 500 S
SALT LAKE CITY,UT84111 		NONE PC GENERAL FUND 10,000

MER ARNOLD

1198 GROVES VIEW DR
SOUTH JORDAN,UT84095 		NONE PC GENERAL FUND 25,000

LOCKS OF LOVE

234 SOUTHERN BLVD
WEST PALM BEACH,FL334052701 		NONE PC GENERAL FUND 10,000

ONE REFUGEE

3085 N COLE RD STE 201
BOISE,ID83704 		NONE PC GENERAL FUND 20,000

OU FOUNDATION INC

100 W TIMBERDELL ROAD
NORMAN,OK73019 		NONE PC GENERAL FUND 15,000

PUBLIC LANDS ADMINISTRATION

1965 WEST 500 SOUTH
SALT LAKE CITY,UT84101 		NONE PC GENERAL FUND 25,000

SHOOTBOX INC

2292 E 404 S
ST GEORGE,UT84790 		NONE PC GENERAL FUND 10,000

STAR OF CHARITY

299 MARKET STREET SUITE 250
SADDLE BROOK,UT84003 		NONE PC GENERAL FUND 5,000

SOUTHERN UTAH UNIVERSITY

351 W UNIVERSITY BLVD
CEDAR CITY,UT84720 		NONE PC GENERAL FUND 75,000

THE CHOLANGIOCARCINOMA FOUND

5526 13400 S 510
RIVERTON,UT84096 		NONE PC GENERAL FUND 2,500

THE MAUI FOOD BANK

760 KOLU ST
WILUKU,HI96793 		NONE PC GENERAL FUND 2,000

UTAH CLEAN AIR PARTNERSHIP

195 NORTH 1950 WEST
SALT LAKE CITY,UT84116 		NONE PC GENERAL FUND 15,000

TO UKRAINE WITH LOVE

533 W 2600 S SUITE 160
BOUNTIFUL,UT84010 		NONE PC GENERAL FUND 200,000

UKRAINE MOLDOVA AID

13 ZATYSHNA STE
ODESA   65012
UP 		NONE PC GENERAL FUND 1,000

UTAH EDUCATION ASSOCIATION

887 E PONTIAC DR
MURRAY,UT84107 		NONE PC GENERAL FUND 18,000

UTAH HOUSING PRESERVATION FUND

223 WEST 700 S
SALT LAKE CITY,UT84101 		NONE PC GENERAL FUND 15,000

UTAH MOLDOVA BUSINESS PARTNERS

978 EAST WOODOAK LANE
SALT LAKE CITY,UT84117 		NONE PC GENERAL FUND 33,611

IVORY INNOVATIONS

978 EACH WOODOAK LANE
SALT LAKE CITY,UT84117 		NONE PC GENERAL FUND 7,440,000
Total .................................right arrow 3a 13,836,419
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
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 ....     14 535,303  
5 Net rental income or (loss) from real estate:
aDebt-financed property...... 532000 -1,427,292 16    
bNot debt-financed property..... 532000   16 -140,282  
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 6,152  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aLOSSES FROM PASSTHROUGHS 		532000 -2,654,979 16 1,074,339  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. -4,082,271 1,475,512 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
-2,606,759
(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 (2023)
Form 990-PF (2023)
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 (2023)
Additional Data


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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
2023
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) (2023)
Schedule B (Form 990) (2023) 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

$ 6,840,000


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

$ 4,290,000


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

$ 5,000,000


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

$  


(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) (2023)
Schedule B (Form 990) (2023)
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
 14 TOWNHOME UNITS- GABLERS GROVE $ 4,200,000 2023-03-10
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 33 SFR LOTS- SCENIC SLOPES $ 2,640,000 2023-01-31
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
2
 8.84 ACRES OF VACANT LAND $ 4,290,000 2023-08-10
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
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) (2023)
Additional Data


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TY 2023 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 5,935,867 872,401 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 11,979,576 526,375 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 1,133,429 SL 27.500000000000 372,618 0    
47 TOWNHOMES LAND 2019-12-31 1,138,556   L   0 0    
49 TOWN HOMES 2020-12-31 12,383,127 919,354 SL 27.500000000000 450,296 0    
BUILDING 1 2021-07-19 3,095,578 112,859 ADS 40.000000000000 77,389 0    
BUILDING 2 2021-09-02 5,247,286 169,443 ADS 40.000000000000 131,182 0    
SNOW SPRINGS BUILDING 2022-06-30 9,816,810 132,936 ADS 40.000000000000 245,420 245,420    
SNOW SPRINGS LAND 2022-06-30 3,813,194   L   0 0    
BUILDING 2022-04-14 10,549,876 271,739 SL 27.500000000000 383,632 383,632    
LAND 2022-04-14 5,496,664   L   0 0    
BUILDING 3 2022-06-01 675,453 9,147 ADS 40.000000000000 16,886 16,886    
BUILDING 2022-06-01 16,224,300 219,704 ADS 40.000000000000 405,608 405,608    
LAND 2022-06-01 1,398,682   L   0 0    
BUILDING 4 2023-06-01 20,835,599   ADS 40.000000000000 282,149 282,149    
SNOW SPRINGS BUILDING 2023-06-01 5,446,039   SL 27.500000000000 107,270 107,270    
BUILDING 2023-06-01 28,232,802   SL 27.500000000000 556,101 556,101    
BUILDING 2023-06-01 4,486,940   SL 27.500000000000 88,379 88,379    

TY 2023 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 18,058,592 21,847,241

TY 2023 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 1,088,251 4,847,616  
TOWNHOME LAND 659,541 0 659,541  
49 TOWNHOMES LAND 1,375,903 0 1,375,903  
TOWNHOMES- JORDAN VIEW LANDING 11,979,576 961,996 11,017,580  
TOWNHOMES- JORDAN VIEW LANDING LAND 2,188,320 0 2,188,320  
IVORY HOMES 47 TOWN HOMES 10,247,005 1,506,047 8,740,958  
47 TOWNHOMES LAND 1,138,556 0 1,138,556  
49 TOWN HOMES 12,383,127 1,369,650 11,013,477  
BUILDING 1 3,095,578 190,248 2,905,330  
BUILDING 2 5,247,286 300,625 4,946,661  
SNOW SPRINGS BUILDING 9,816,810 378,356 9,438,454  
SNOW SPRINGS LAND 3,813,194 0 3,813,194  
BUILDING 10,549,876 655,371 9,894,505  
LAND 5,496,664 0 5,496,664  
BUILDING 3 675,453 26,033 649,420  
BUILDING 16,224,300 625,312 15,598,988  
LAND 1,398,682 0 1,398,682  
BUILDING 4 20,835,599 282,149 20,553,450  
SNOW SPRINGS BUILDING 5,446,039 107,270 5,338,769  
BUILDING 28,232,802 556,101 27,676,701  
BUILDING 4,486,940 88,379 4,398,561  

TY 2023 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 102,727,206 182,189,099

TY 2023 LegalFeesSchedule
Name:
CLARK AND CHRISTINE IVORY FOUNDATION
EIN:
20-0478665
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 16,384 8,192   0
LEGAL EXPENSE 13,037 0   0


TY 2023 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 475,000 475,000 475,000
PRI - OTHER 193,619 130,162 130,162
PRI - UTAH HOUSING PRESERVATION 9,591,380 12,267,750 12,267,750


TY 2023 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 7,968 0   0
OTHER EXPENSES 0 0   0
INSURANCE 15,693 5,179   0
ADMIN EXPENSE 241,784 79,789   0
INSURANCE 6,332 443   0
INSURANCE 12,528 12,528   0
OTHER EXPENSES 4,787 4,787   0
OTHER EXPENSES 0 0   0
INSURANCE 22,094 0   0
BANK CHARGES 157,988 0   0
BANK CHARGES 143,119 68,697   0
INSURANCE 13,792 6,620   0
OTHER EXPENSES 19,955 9,578   0
AMORTIZATION 115,709 0   0


TY 2023 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   1,074,339  
LOSSES FROM PASSTHROUGHS -1,580,640   -1,580,640


TY 2023 OtherIncreasesSchedule
Name:
CLARK AND CHRISTINE IVORY FOUNDATION
EIN:
20-0478665
Description Amount
ADJUSTMENT FOR PROPERTY DONATED AT FMV 6,140,792


TY 2023 OtherLiabilitiesSchedule
Name:
CLARK AND CHRISTINE IVORY FOUNDATION
EIN:
20-0478665
Description Beginning of Year - Book Value End of Year - Book Value
OTHER LIABILITIES 76,741 889,025


TY 2023 OtherProfessionalFeesSchedule
Name:
CLARK AND CHRISTINE IVORY FOUNDATION
EIN:
20-0478665
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OUTSIDE SERVICES 13,800 6,900   0
PROFESSIONAL FEES 50,629 0   0


TY 2023 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 2,705 2,705   0
INCOME TAX 637,158 136,404   0
PROPERTY TAX 27,733 27,733   0
PROPERTY TAX 204,510 67,488   0
PROPERTY TAX 79,477 5,563   0
PROPERTY TAX 72,137 72,137   0
TAXES 198,036 0   0
TAXES 275,698 0   0
TAXES 109,628 52,621   0