Resources & Q & A

Resources

Below are a few websites that have additional information that we hope you find useful:

Commonly Asked Questions and Answers

Question:

Is the Iacocca Family Foundation a private foundation or a public charity?

Answer:

The Iacocca Family Foundation is a private foundation, which was founded by Lee Iacocca in 1984 with the mission of finding a cure for type 1 diabetes.  The Foundation is a 501(c)(3).

Question:

In previous years, I thought I gave to the Iacocca Foundation, which was a public charity.  What happened to this entity?

You are correct that previously the Iacocca Foundation was a public charity, but it is now a private foundation.  As background, the Family Foundation decided to help support the work of Dr. Denise Faustman and ask others to join our efforts.  At that time, the Iacocca Foundation became an active public charity 509(a)(1) and the Join Lee Now Campaign kicked-off.  At the end of the Campaign, the Foundation began the process of changing the status of the Iacocca Foundation from a public charity to a private foundation.

In 2011, the IRS ruled that the Iacocca Foundation is no longer a public charity, but rather a private foundation.  This ruling indicated that any donations received in calendar year 2011, should be acknowledged as such.  Therefore, any individuals effected by this change were mailed a letter with pertinent information.

Please see the following question for more detailed information about the Iacocca Foundation’s history.

Question:

In the past, I donated to the Join Lee Now Campaign to support the work of Dr. Denise Faustman at Massachusetts General Hospital.  Can I still make a donation to this campaign?

Answer:

Many donors helped contribute to the Join Lee Now Campaign and we are thankful for your past support and interest in continuing to support diabetes research.  After the Foundation reached its’ Campaign goal of raising $10 million, we began the process of changing the status of the Iacocca Foundation from a public charity to a private foundation, which was finalized in 2011.  This Foundation will continue to operate along with the Iacocca Family Foundation – and continue the mission of finding a cure for type 1 diabetes.  Therefore, any donations from individuals moving forward will support the Iacocca Family Foundation, which is a 501(c)(3).  Although we are not currently soliciting donations, we can accept donations.  Any gifts that are received will support research efforts in finding a cure for type 1 diabetes.

Question:

Can I still support Dr. Denise Faustman through the Foundation?

Answer:

The Foundation has given over $17 million to Dr. Denise Faustman’s research efforts – and continues to support her Phase II clinical trial.  As noted in the above question, we are no longer in fundraising mode, but certainly encourage others to support Dr. Faustman’s work directly.  If interested, we encourage you to visit her website:

http://www.faustmanlab.org/support/support.html

Question:

When doing research on what different organizations support type 1 diabetes research, I see that the Iacocca Family Foundation does not support embryonic stem cell research.  If I donate to the Foundation, can I be assured that my money will not support embryonic stem cell research?

Answer:

As noted, the Iacocca Family Foundation does not support embryonic stem cell research.  Although we are not in fundraising mode, any monies the Foundation receives from individuals will be used to support research efforts to help find a cure for type 1 diabetes using research methods that to the best of our knowledge are not part of embryonic stem cell research.


Be the Cure

The Iacocca Family Foundation funds innovative and promising diabetes, primarily type 1 diabetes, research programs and projects that will lead to a cure for the disease and alleviate complications caused by it.