Utah Capital Investment Corp
To provide economic stimulus for Utah businesses by organizing and acting as the managing member of the Utah fund of funds, llc (ein: 11-3775457). The fund is a state of Utah economic development program aimed at providing access to alternative or non-traditional capital to Utah enterpreneurs.
Utah Capital Investment Corp at a glance
In short: Utah Capital Investment Corp gave $3.5M across 1 grant in 2024 (avg $3.5M), mostly in Utah. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $3,500,000
- -65.0% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $3,500,000
- -65.0% vs 2023
- Median grant
- $3,500,000
- Total assets
- $34,619,318
- -12.5% vs 2023
- Primary geography
- Utah (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Utah Capital Investment Corp funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was State of Utah Governor's Office of Economic Development ($3.5M).
Grant Size Distribution
3 grants across all recorded years
The most common grant size was $5M or more: 2 grants of 3 (67%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2024, annual grant giving ranged from $3.5M (2024) to $15.0M (2022). In 2024 it made 1 grant totaling $3.5M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| State of Utah Governor's Office of Economic Development Salt Lake City, UT | General Charitable Purpose | $3,500,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $34,619,318 | $2,081,723 | $3,976,362 | $3,500,000 | 1 | $1,971,575 |
| 2023 | $39,572,818 | $-925,538 | $10,816,584 | $10,000,000 | 1 | $-962,318 |
| 2022 | $52,694,225 | $-60,060 | $16,215,276 | $15,000,000 | 1 | $-67,348 |
| 2021 | $78,739,556 | $13,677,730 | $1,332,931 | — | — | $13,656,739 |
| 2020 | $82,639,305 | $8,302,894 | $1,644,407 | — | — | $8,237,315 |
| 2019 | $58,030,699 | $30,539,062 | $2,596,300 | — | — | $30,497,205 |
About Utah Capital Investment Corp
Based on IRS filings
Utah Capital Investment Corp is a public charity focused on Community Improvement & Capacity Building, based in Lehi, UT. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $34.6M in total assets. In 2024, it awarded 1 grant totaling $3.5M. Net investment income was $2.0M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Utah Capital Investment Corp is led by Kirt Slaugh, Managing Director since 2024 (on filings since 2023); none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Kirt Slaugh
Managing Director
Managing Director Feb-Dec → Managing Director, 2024
On filings since 2023
2 hrs/week
No compensation reported
Jason Nielsen
Financial Director
On filings since 2023
2 hrs/week
No compensation reported
Jason Gull
Board Member
On filings since 2022
1 hr/week
No compensation reported
Marlo Oaks
Board Member
On filings since 2022
1 hr/week
No compensation reported
Paul Clayson
Board Member
On filings since 2022
1 hr/week
No compensation reported
Former officers (8)
- Former: Bret Jepsen (2019–2023) — Managing Director Jan-Feb
- Former: Bob Majika (2019–2021) — Board Member
- Former: Ed Esber (2019–2021) — Board Member
- Former: Emma Peterson (2019–2021) — Office Manag
- Former: Mel Lavitt (2019–2021) — Board Member
- Former: Pam McComas (2019–2021) — Board Member
- Former: Scott Peterson (2019–2021) — Chairman
- Former: Robert Majika (2019) — Board Member
Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Utah Capital Investment Corp
How much does Utah Capital Investment Corp give each year?
Utah Capital Investment Corp gave $3.5M across 1 grant in 2024, according to its 2024 IRS Form 990. In 2023 it gave $10.0M across 1 grant.
How large is Utah Capital Investment Corp?
Utah Capital Investment Corp reported $34.6M in total assets on its 2024 IRS Form 990. Its revenue that year was $2.1M.
What is Utah Capital Investment Corp?
Utah Capital Investment Corp is a public charity focused on Community Improvement & Capacity Building, based in Lehi, UT. It holds $34.6M in total assets as of 2024.
Where does Utah Capital Investment Corp operate?
Utah Capital Investment Corp has awarded grants in Utah.
What is Utah Capital Investment Corp's EIN?
Utah Capital Investment Corp's EIN (Employer Identification Number) is 75-3146492. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS November 13, 2020)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2020–2024
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Utah Capital Investment Corp down — hundreds of funders to go?