Draft:Clark D. Ivory
Prominent American businessman
From Wikipedia, the free encyclopedia
Clark David Ivory (born c. 1966) is an American businessman and philanthropist. He is the chief executive officer of Ivory Homes, Utah's largest homebuilder since 1988, and chairman of ICO (Ivory Commercial and Multifamily), a major apartment developer in the state. Ivory purchased the company from his father, Ellis R. Ivory, in 2000 and has overseen the construction of more than 25,000 single-family homes and 4,000 apartment units throughout Utah.[1]
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Comment: This article was written using publicly available sources. The author has no direct affiliation with the subject. Ronaldpieman (talk) 21:42, 1 April 2026 (UTC)
1966 (age 59–60)
Harvard Business School (MBA)
Clark D. Ivory | |
|---|---|
| Born | Clark David Ivory 1966 (age 59–60) Salt Lake City, Utah, U.S. |
| Education | University of Utah (BA) Harvard Business School (MBA) |
| Occupations | CEO, Ivory Homes; Chairman, ICO |
| Spouse | Christine Cahoon Ivory |
| Children | 5 |
| Parent(s) | Ellis R. Ivory Kathryn Stohl Ivory |
| Awards | Giant in Our City (2024) National Homebuilder of the Year (2021) CCIM Utah Hall of Fame (2022) |
Ivory served on the Board of Directors of the Salt Lake City Branch of the Federal Reserve Bank of San Francisco (2006–2011, including three years as chair), on the University of Utah Board of Trustees (2007–2014, including five years as chair), and as chair of the Salt Lake Chamber Board of Governors.[1] He co-founded Ivory Innovations, a nonprofit administering the Ivory Prize for Housing Affordability, and chairs the Utah Impact Partnership, a philanthropic coalition focused on homelessness.[2] In 2024, the Salt Lake Chamber named him the 45th recipient of its "Giant in Our City" award. His father had received the same award in 2009, making them the first father-son pair in the award's history.[3]
Early life and education
Ivory was born in Salt Lake City and grew up in Millcreek. He attended Olympus High School in Holladay.[4] He received a Bachelor of Arts in political science from the University of Utah in 1988, where he interned with U.S. Senator Orrin Hatch, and an MBA from Harvard Business School in 1992.[5]
Career
Ivory Homes
Ivory joined the company in 1987 as a sales consultant and became Area Manager over Salt Lake and Utah Counties after completing his MBA in 1992.[6] He purchased Ivory Homes from his father in 2000. Revenue grew from approximately $100 million that year to $470 million by 2007.[7] Under his leadership, the company diversified from semi-custom single-family homes into townhomes, condominiums, apartments, and active adult communities, while continuing to build exclusively in Utah.[8] In 2021, Ivory Homes was named National Homebuilder of the Year by ProBuilder magazine.[9] By January 2024, the company had 1,917 homes under construction.[2]
In 2006, Ivory formed Ivory Commercial, organized under ICO (Ivory Companies), to develop and manage multifamily apartment properties. ICO has targeted the construction of approximately 10,000 apartment units by 2030.[10]
Great Recession
Ivory was appointed to the Salt Lake City Branch of the Federal Reserve Bank of San Francisco in 2006. He had begun warning internally about an overheated housing market as early as 2005 and started scaling back the company's operations in 2006 while most competitors were still expanding. He required buyers to sign occupancy agreements to discourage speculation and eliminated the company's debt by 2009.[7] One-third of all homes the company had built to that point were sold in the years following the downturn.[7]
Workforce Housing
In 2019, Ivory Homes launched the Utah Workforce Housing Priority Program, reserving homes at below-market prices for first-time buyers, veterans, teachers, first responders, and construction workers. By early 2024, the program had placed nearly 600 families into homes.[2][11]
Civic service
Ivory served on the Board of Directors of the Salt Lake City Branch of the Federal Reserve Bank of San Francisco from 2006 to 2011, including three years as chair.[1] He served on the University of Utah Board of Trustees from 2007 to 2014, spending five years as chair, and chaired the Salt Lake Chamber Board of Governors in 2005.[1] He has also served on the Board of Trustees of Intermountain Healthcare and the Advisory Board of the Kem C. Gardner Policy Institute.[1]
Philanthropy
Ivory Innovations
In 2017, Ivory co-founded Ivory Innovations, a nonprofit at the University of Utah's David Eccles School of Business. Its flagship program, the Ivory Prize for Housing Affordability, launched in 2018 and awards $300,000 annually to innovators in construction, finance, and regulatory reform. The program has reviewed more than 660 entries since inception.[12] Ivory Innovations also operates Hack-A-House, a student competition that has expanded to approximately 20 universities.[13]
Ivory University House
In 2022, the Clark and Christine Ivory Trust broke ground on Ivory University House, a 552-unit student housing complex adjacent to the University of Utah. The project is a partnership between the Ivory Foundation, the university, and the Church of Jesus Christ of Latter-day Saints, which provided a 99-year ground lease. All net rental proceeds fund student scholarships and housing stipends; the foundation has projected close to $1 billion in cumulative impact over the lease term from a $24 million investment.[14] The first building opened in fall 2023.[15]
Utah Impact Partnership
Ivory chairs the Utah Impact Partnership (UIP), which raised $15 million in private funds to match a $15 million state appropriation for homeless services. The UIP has funded affordable housing projects, emergency shelters, detox services, and the "Know-by-Name" coordinated care pilot.[16][17] In 2024, the partnership launched Project Human Dignity, a public awareness campaign on homelessness.[18]
Other philanthropy
The Clark and Christine Ivory Foundation, established in 2004, has funded more than 7,000 scholarships, internships, and mentorships at Utah institutions.[14] Ivory also serves as executive sponsor of the Utah Housing Preservation Fund, which he helped establish in 2019 with a $2 million seed contribution to acquire and rent-stabilize affordable housing.[19]
Personal life
Clark and Christine Ivory reside in Holladay, Utah and have five children.[20]
Family
Ivory's father, Ellis R. Ivory (born c. 1942), founded the Ivory real estate business in 1964. In 1967, Ellis partnered with his brother-in-law Roger Boyer to form the Ivory and Boyer Company, which developed the Bloomington community south of St. George, Utah. He transitioned to homebuilding in the early 1980s after economic conditions left him with unsold lots, and Ivory Homes grew into Utah's dominant homebuilder. Ellis sold the company to Clark in 2000.[21] He received the Salt Lake Chamber's "Giant in Our City" award in 2009.[22]