Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2010
For calendar year 2010, or tax year beginning 01-01-2010 , and ending 12-31-2010
G
Check all that apply:
Name of foundation
IACOCCA FAMILY FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)867 BOYLSTON STREET 6TH FLOOR   Room/suite
City or town, state, and ZIP code
BOSTON, MA02116
A Employer identification number

38-6071154
B Telephone number (see page 10 of the instructions)

(617) 267-7747
C bullet
D 1. bullet
H Check type of organization:
2. bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$42,397,811J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
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 page 11 of the 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) 1,408,053
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 1,117,124 1,117,124  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -1,990,873
b Gross sales price for all assets on line 6a 10,342,976
7 Capital gain net income (from Part IV, line 2)... 0
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 8,132 8,132  
12 Total. Add lines 1 through 11........ 542,436 1,125,256  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 287,208 28,720   258,488
14 Other employee salaries and wages...... 149,448 14,945   134,503
15 Pension plans, employee benefits....... 94,255 9,425   84,830
16a Legal fees (attach schedule)......... Click to see attachment 36,211 3,621   32,590
b Accounting fees (attach schedule)....... Click to see attachment 8,375 837   7,538
c Other professional fees (attach schedule).... Click to see attachment 38,440 29,440   9,000
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 28,796 2,851   25,945
19 Depreciation (attach schedule) and depletion... 11,560 0  
20 Occupancy.............. 111,752 11,175   100,577
21 Travel, conferences, and meetings....... 25,109 12,555   12,554
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 110,217 11,022   99,195
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 901,371 124,591   765,220
25 Contributions, gifts, grants paid........ 2,320,024 1,541,074
26 Total expenses and disbursements. Add lines 24 and 25 3,221,395 124,591   2,306,294
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,678,959
b Net investment income (if negative, enter -0-) 1,000,665
c Adjusted net income (if negative, enter -0-)...  
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2010)
Form 990-PF (2010)
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............... 90,234 237,990 237,990
2 Savings and temporary cash investments..........      
3 Accounts receivable bullet554,304
Less: allowance for doubtful accounts bullet   1,733,573 554,304 554,304
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
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)........ 3,702,315 Click to see attachment4,457,107 4,457,107
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 30,978,555 Click to see attachment35,207,734 35,207,734
14 Land, buildings, and equipment: basis bullet64,613
Less: accumulated depreciation (attach schedule) bullet29,625 44,931 Click to see attachment34,988 34,988
15 Other assets (describe bullet) Click to see attachment1,759,648 Click to see attachment1,905,688 Click to see attachment1,905,688
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 38,309,256 42,397,811 42,397,811
Liabilities 17 Accounts payable and accrued expenses.......... 2,394  
18 Grants payable................... 555,000 1,333,950
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).......... 557,394 1,333,950
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 37,751,862 41,063,861
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 37,751,862 41,063,861
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 38,309,256 42,397,811
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 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 37,751,862
2 Enter amount from Part I, line 27a...................... 2 -2,678,959
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 5,990,958
4 Add lines 1, 2, and 3.......................... 4 41,063,861
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 41,063,861
Form 990-PF (2010)
Form 990-PF (2010)
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 VARIOUS P 2010-01-01 2010-12-31
b VARIOUS D 2009-12-29 2010-01-07
c VARIOUS P 2009-01-01 2010-12-31
d VARIOUS P 2009-01-01 2010-12-31
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 1,638,818   1,563,747 75,071
b 251,574   38,808 212,766
c 8,352,584   10,623,351 -2,270,767
d 100,000   107,943 -7,943
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       75,071
b       212,766
c       -2,270,767
d       -7,943
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 -1,990,873
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 pages 13 and 17 of the instructions).
If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2009 3,092,540 33,983,247 0.091002
2008 3,947,861 41,882,815 0.094260
2007 2,864,325 50,829,200 0.056352
2006 2,254,367 48,076,542 0.046891
2005 2,386,322 40,909,466 0.058332
2 Total of line 1, column (d) ...................... 2 0.346837
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years. . . 		3 0.069367
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 38,020,563
5 Multiply line 4 by line 3....................... 5 2,637,372
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 10,007
7 Add lines 5 and 6......................... 7 2,647,379
8 Enter qualifying distributions from Part XII, line 4.............. 8 2,307,911
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions on page 18.
Form 990-PF (2010)
Form 990-PF (2010)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 20,013
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% 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 20,013
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 20,013
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 52,832
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 52,832
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 32,819
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet32,819 Refunded Bullet 11 0
Part VII-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 page 19 of
the instructions for 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. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 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
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
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:
  • By language in the governing instrument, or
  • 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
    Yes
     
    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 XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletMA, MI
    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 2010 or the taxable year beginning in 2010 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV...........................
    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 page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletIACOCCAFOUNDATION.ORG
    14
    The books are in care ofbulletTHE FOUNDATION Telephone no.bullet (617) 267-7747
    Located atbullet867 BOYLSTON STREET 6TH FLOORBOSTONMA ZIP+4bullet02116
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 5
    Part VII-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?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (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)?.................
    (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.).........
    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 page 20 of the instructions)?...
    1b
     
    No
    .........bullet
    c
    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 2010?.............
    1c
     
    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 2010, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2010?...............
    If “Yes,” list the years bullet20, 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 page 20 of the 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.
    bullet20, 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?.....................
    b
    If “Yes,” did it have excess business holdings in 2010 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 2010.)....................
    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 2010?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    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 page 22 of the instructions)?
    5b
     
     
    .........bullet
    c
    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?............
    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?....................
    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?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the 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
    LIDO A IACOCCA CHAIRMAN
    3.00     		0 0 0
    867 BOYLSTON STREET 6TH FLOOR
    BOSTON,MA02116
    KATHRYN IACOCCA HENTZ PRESIDENT
    40.00     		208,333 34,000 0
    867 BOYLSTON STREET 6TH FLOOR
    BOSTON,MA02116
    JOHN D GERACE TRUSTEE
    2.00     		0 0 0
    867 BOYLSTON STREET 6TH FLOOR
    BOSTON,MA02116
    EDWARD BOUSA TRUSTEE
    1.00     		0 0 0
    867 BOYLSTON STREET 6TH FLOOR
    BOSTON,MA02116
    LOUIS E LATAIF SECRETARY
    1.00     		0 0 0
    867 BOYLSTON STREET 6TH FLOOR
    BOSTON,MA02116
    LIA IACOCCA-ASSAD TRUSTEE
    1.00     		0 0 0
    867 BOYLSTON STREET 6TH FLOOR
    BOSTON,MA02116
    DESMOND HEATHWOOD TRUSTEE
    1.00     		0 0 0
    867 BOYLSTON STREET 6TH FLOOR
    BOSTON,MA02116
    KEN ANDERSON TRUSTEE
    1.00     		0 0 0
    867 BOYLSTON STREET 6TH FLOOR
    BOSTON,MA02116
    MARGARET LAURENCE EXECUTIVE DIRECTOR
    40.00     		78,875 7,500 0
    867 BOYLSTON STREET 6TH FLOOR
    BOSTON,MA02116
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the 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
    JENNIFER L PHILLIPS OPERATIONS MANAGER
    40.00     		87,500 35,260 0
    867 BOYLSTON STREET
    BOSTON,MA02116
    NORMA SAKEN EXECUTIVE ASSISTANT
    40.00     		61,500 17,500 0
    867 BOYLSTON STREET
    BOSTON,MA02116
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see page 23 of the 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.............bullet0
    Part IX-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  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3...........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the 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
    32,428,300
    b
    Average of monthly cash balances.......................
    1b
    261,828
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    5,909,428
    d
    Total (add lines 1a, b, and c).........................
    1d
    38,599,556
    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
    0
    3
    Subtract line 2 from line 1d..........................
    3
    38,599,556
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    578,993
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    38,020,563
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    1,901,028
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,901,028
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    20,013
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    20,013
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,881,015
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    1,881,015
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1.................................
    7
    1,881,015
    Part XII
    Qualifying Distributions (see page 25 of the 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
    2,306,294
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes................................
    2
    1,617
    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 V, line 8, and Part XIII, line 4
    4
    2,307,911
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    2,307,911
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2009     		(c)
    2009     		(d)
    2010
    1 Distributable amount for 2010 from Part XI, line 7 1,881,015
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2010:
    a From 2005....... 417,289
    b From 2006.......  
    c From 2007....... 407,925
    d From 2008....... 1,883,210
    e From 2009....... 1,404,788
    fTotal of lines 3a through e......... 4,113,212
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 2,307,911
    a Applied to 2009, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		 0
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		0
    d Applied to 2010 distributable amount..... 1,881,015
    e Remaining amount distributed out of corpus 426,896
    5 Excess distributions carryover applied to 2010. 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 4,540,108
    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 page 27 of the instructions ...     		0
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		0
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		0
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		417,289
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		4,122,819
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007.... 407,925
    c Excess from 2008.... 1,883,210
    d Excess from 2009.... 1,404,788
    e Excess from 2010.... 426,896
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-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 2010, enter the date of the ruling.......bullet
     
    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 X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2010 (b) 2009 (c) 2008 (d) 2007
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    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 X, 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 XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the 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).)
    LIDO A IACOCCA
    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 bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    KATHRYN IACOCCA HENTZ
    867 BOYLSTON STREET 6TH FLOOR
    BOSTON,MA02116
    (617) 267-7747
    bThe form in which applications should be submitted and information and materials they should include:
    GRANT APPLICATION AT WWW.IACOCCAFOUNDATION.ORG
    cAny submission deadlines:
    THERE ARE NO SUBMISSION DEADLINES
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    PRIMARILY CONCERNED WITH DIABETES RESEARCH - RELATED ACTIVITIES
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 10
    Part XV
    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
    JOHNS HOPKINS UNIVERSITY
    3400 N CHARLES STREET 221 MARYLAND
    HALL
    BALTIMORE,MD21218     		  PUBLIC CHARITY UNRESTRICTED 147,840
    EASTERN VIRGINA MEDICAL SCHOOL
    721 FAIRFAX AVENUE SUITE 132
    NORFOLK,VA23507     		  PUBLIC CHARITY UNRESTRICTED 125,000
    UNIVERSITY OF VERMONT
    85 S PROSPECT STREET
    BURLINGTON,VT05405     		  PUBLIC CHARITY UNRESTRICTED 106,073
    ST MARGARET'S EPISCOPAL SCHOOL
    31641 LANOVIA AVENUE
    SAN JUAN CAPISTRANO,CA92675     		  PUBLIC CHARITY UNRESTRICTED 105,500
    UNIVERSITY OF SOUTHERN CA
    HERITAGE HALL 203A
    LOS ANGELES,CA90089     		  PUBLIC CHARITY UNRESTRICTED 101,000
    BECKMAN RESEARCH INSTITUTE CITY OF HOPE
    1500 EAST DUARTE ROAD
    DUARTE,CA91010     		  PUBLIC CHARITY UNRESTRICTED 99,000
    JOSLIN DIABETES CENTER
    ONE JOSLIN PLACE
    BOSTON,MA02215     		  PUBLIC CHARITY UNRESTRICTED 94,100
    ROSALIND FRANKLIN UNIVERSITY
    3333 GREEN BAY ROAD
    N CHICAGO,IL60064     		  PUBLIC CHARITY UNRESTRICTED 90,631
    RUSH UNIVERSITY MEDICAL CENTER
    1700 W VAN BUREN SUITE 250
    CHICAGO,IL60612     		  PUBLIC CHARITY UNRESTRICTED 82,610
    UNIVERSITY OF CA REGENTS
    REED NEUROLOGICAL RESEARCH CENTER
    710 WESTWOOD PLAZA
    LOS ANGELES,CA90095     		  PUBLIC CHARITY UNRESTRICTED 75,000
    CARDIOVASCULAR RESEARCH FOUNDATION
    414 NORTH CAMDEN DRIVE SUITE 1100
    BEVERLY HILLS,CA90210     		  PUBLIC CHARITY UNRESTRICTED 50,000
    ST JOSEPH'S PARISH
    1382 HIGHLAND AVENUE
    NEEDHAM,MA02492     		  PUBLIC CHARITY UNRESTRICTED 25,680
    DANA HALL SCHOOL
    45 DANA ROAD
    WELLESLEY,MA02482     		  PUBLIC CHARITY UNRESTRICTED 25,000
    FREEDOM BEYOND ADDICTION
    1126 ROSE AVENUE
    VENICE,CA90291     		  PUBLIC CHARITY UNRESTRICTED 25,000
    RONALD REAGAN PRESIDENTIAL LIBRARY FUND
    40 PRESIDENTIAL DRIVE SUITE 200
    SIMI VALLEY,CA93065     		  PUBLIC CHARITY UNRESTRICTED 25,000
    SACRED HEART CATHOLIC CHURCH
    43775 DEEP CANYON ROAD
    PALM DESERT,CA92260     		  PUBLIC CHARITY UNRESTRICTED 25,000
    ST SEBASTAIN'S SCHOOL
    1191 GREENDALE AVENUE
    NEEDHAM,MA02492     		  PUBLIC CHARITY UNRESTRICTED 25,000
    THE CAMPAIGN FOR CATHOLIC SCHOOLS
    143 NEWBURY STREET
    BOSTON,MA02116     		  PUBLIC CHARITY UNRESTRICTED 25,000
    REACH FOUNDATION
    500 OLD NEWPORT BLVD SUITE 204
    NEWPORT BEACH,CA92663     		  PUBLIC CHARITY UNRESTRICTED 20,000
    UCLA JULES STEIN EYE INSTITUTE
    10920 WILSHIRE BLVD SUITE 1400
    LOS ANGELES,CA90024     		  PUBLIC CHARITY UNRESTRICTED 20,000
    LEHIGH UNIVERSITY
    111 RESEARCH DRIVE
    BETHLEHAM,PA18015     		  PUBLIC CHARITY UNRESTRICTED 19,500
    KEEP MEMORY ALIVE
    888 W BONNEVILLE AVENUE
    LOS VEGAS,NV89106     		  PUBLIC CHARITY UNRESTRICTED 15,000
    PROMISES FOUNDATION
    PO BOX 662087
    LOS ANGELES,CA90066     		  PUBLIC CHARITY UNRESTRICTED 15,000
    THE CATHOLIC CENTER BOSTON UNIVERSITY
    211 BAY STATE ROAD
    BOSTON,MA02215     		  PUBLIC CHARITY UNRESTRICTED 15,000
    NANTUCKET COTTAGE HOSPITAL
    57 PROSPECT STREET
    NANTUCKET,MA02554     		  PUBLIC CHARITY UNRESTRICTED 13,250
    BETTY FORD CENTER FOUNDATION
    41990 COOK STREET SUITE C-301
    PALM DESERT,CA92211     		  PUBLIC CHARITY UNRESTRICTED 10,000
    CROHN'S & COLITIS FOUNDATION
    386 PARK AVENUE FLOOR 17
    NEW YORK,NY10016     		  PUBLIC CHARITY UNRESTRICTED 10,000
    MARIAN HIGH SCHOOL
    7225 LAHSER ROAD
    BLOOMFIELD HILLS,MI48301     		  PUBLIC CHARITY UNRESTRICTED 10,000
    USS MIDWAY
    910 N HARBOR DRIVE
    SAN DIEGO,CA92101     		  PUBLIC CHARITY UNRESTRICTED 10,000
    ST MONICA CATHOLIC HIGH SCHOOL
    1030 LINCOLN BLVD
    SANTA MONICA,CA90403     		  PUBLIC CHARITY UNRESTRICTED 7,750
    AMERICAN CANCER SOCIETY
    73161 FRED WARING DRIVE SUITE 100
    PALM DESERT,CA92260     		  PUBLIC CHARITY UNRESTRICTED 10,000
    BRENT SHAPIRO FOUNDATION
    10250 CONSTELLATION BLVD18TH FLOOR
    LOS ANGELES,CA90067     		  PUBLIC CHARITY UNRESTRICTED 5,000
    CRANBROOK SCHOOL
    380 LONE PINE ROAD
    BLOOMFIELD HILLS,MI48303     		  PUBLIC CHARITY UNRESTRICTED 5,000
    EAGLE & BADGE FOUNDATION
    5903 NOBLE AVENUE
    VAN NUYS,CA91411     		  PUBLIC CHARITY UNRESTRICTED 5,000
    EAST TENNESSEE STATE UNIVERSITY
    PO BOX 70734
    JOHNSON CITY,TN37614     		  PUBLIC CHARITY UNRESTRICTED 5,000
    FERNDALE METHODIST CHURCH
    1950 WOODWARD HEIGHTS
    FERNDALE,MI48220     		  PUBLIC CHARITY UNRESTRICTED 5,000
    HARVARD SCHOOL OF PUBLIC HEALTH
    677 HUNTINGTON AVENUE
    BOSTON,MA02115     		  PUBLIC CHARITY UNRESTRICTED 5,000
    JENN'S HOUSE
    3250 SOUTH CEDAR CREST BLVD
    EMMAUS,PA18049     		  PUBLIC CHARITY UNRESTRICTED 5,000
    LAKE ARROWHEAD REPERTORY THEATRE COMPANY
    PO BOX 1626
    BLUE JAY,CA92317     		  PUBLIC CHARITY UNRESTRICTED 5,000
    NATIONAL MUSEUM OF INDUSTRIAL HISTORY
    530 E THIRD STREET
    BETHLEHAM,PA18015     		  PUBLIC CHARITY UNRESTRICTED 5,000
    NATIONAL STUTTERING ASSOCIATION
    119 W 40TH STREET 14TH FLOOR
    NEW YORK,NY10018     		  PUBLIC CHARITY UNRESTRICTED 5,000
    PLANET HOPE
    4335 VAN NUYS BLVD 413
    SHERMAN OAKS,CA91403     		  PUBLIC CHARITY UNRESTRICTED 5,000
    RANCHO BERNARDO COMMUNITY FOUNDATION
    16870 WEST BERNARDO DRIVE SUITE 458
    SAN DIEGO,CA92127     		  PUBLIC CHARITY UNRESTRICTED 5,000
    ST HUGO OF THE HILLS
    2215 OPDYKE ROAD
    BLOOMFIELD HILLS,MI48304     		  PUBLIC CHARITY UNRESTRICTED 5,000
    ST JOHN'S HIGH SCHOOL
    378 MAIN STREET
    SHREWSBURY,MA01545     		  PUBLIC CHARITY UNRESTRICTED 5,000
    ST JUDE'S CHILDREN RESEARCH
    12365 LEWIS STREET SUITE 101
    GARDEN GROVE,CA92840     		  PUBLIC CHARITY UNRESTRICTED 5,000
    UC IRVINE DIABETES CENTER
    100 THEORY 250
    IRVINE,CA92697     		  PUBLIC CHARITY UNRESTRICTED 5,000
    USARC
    43101 GOLDMINE DRIVE
    BIG BEAR LAKE,CA92315     		  PUBLIC CHARITY UNRESTRICTED 5,000
    HOAG HOSPITAL FOUNDATION
    500 SUPERIOR AVENUE SUITE 350
    NEWPORT BEACH,CA92663     		  PUBLIC CHARITY UNRESTRICTED 3,500
    WAKE FOREST UNIVERSITY
    PO BOX 7227
    WINSTONSALEM,NC27109     		  PUBLIC CHARITY UNRESTRICTED 3,500
    CHILD ACTION NEPAL
    PO BOX 39679
    HALL
    LONDON,BRITISH COLUMBIAW264P
    UK     		  PUBLIC CHARITY UNRESTRICTED 2,000
    CREST FOREST WOMEN'S FEDERATION
    PO BOX 4540
    CRESTLINE,CA92325     		  PUBLIC CHARITY UNRESTRICTED 2,000
    PROVIDENCE TARZANA MEDICAL CENTER FOUNDATION
    18321 CLARK STREET
    TARZANA,CA91356     		  PUBLIC CHARITY UNRESTRICTED 2,000
    PEPPERDINE UNIVERSITY
    24255 PACIFIC COAST HIGHWAY
    MALIBU,CA90263     		  PUBLIC CHARITY UNRESTRICTED 1,500
    SAN JUAN CAPISTRANO
    26801 ORTEGA HIGHWAY
    SAN JUAN CAPISTRANO,CA92675     		  PUBLIC CHARITY UNRESTRICTED 1,500
    AMERICAN RED CROSS INTERNATIONAL
    11355 OHIO AVENUE
    LOS ANGELES,CA90025     		  PUBLIC CHARITY UNRESTRICTED 1,000
    BSF INTERNATIONAL
    19001 HUEBNER ROAD
    SAN ANTONIO,TX78258     		  PUBLIC CHARITY UNRESTRICTED 1,000
    COMMUNITY OF FAITH CHRISTIAN FELLOWSHIP
    410 WASHINGTON STREET
    BRIGHTON,MA02135     		  PUBLIC CHARITY UNRESTRICTED 1,000
    COMMUNITY SERVINGS
    18 MARBURY TERRACE
    JAMAICA PLAIN,MA02130     		  PUBLIC CHARITY UNRESTRICTED 1,000
    CRESTLINE FRIENDS OF THE LIBRARY
    PO BOX 726
    CRETLINE,CA92325     		  PUBLIC CHARITY UNRESTRICTED 1,000
    DETROIT INSTITUTE OF ART
    5200 WOODWARD AVENUE
    DETROIT,MI48202     		  PUBLIC CHARITY UNRESTRICTED 1,000
    INTERNATIONAL MUSEUM OF SURGICAL SCIENCE
    1516 N LAKESHORE DRIVE
    CHICAGO,IL60610     		  PUBLIC CHARITY UNRESTRICTED 1,000
    OVERSEAS PRESS CLUB FOUNDATION
    40 WEST 45 STREET
    NEW YORK,NY10036     		  PUBLIC CHARITY UNRESTRICTED 1,000
    ST LOUIS UNIVERSITY
    1438 S GRAND BLVD
    ST LOUIS,MO63104     		  PUBLIC CHARITY UNRESTRICTED 1,000
    ANTHEUM SPECIAL EVENT NANTUCKET
    ONE INDIA STREET
    NANTUCKET,MA02554     		  PUBLIC CHARITY UNRESTRICTED 740
    CENTRAL PARK CONSERVATORY
    14 EAST 60TH STREET 8TH FLOOR
    NEW YORK,NY10022     		  PUBLIC CHARITY UNRESTRICTED 500
    FELLOWSHIP OF CATHOLIC STUDENTS
    PO BOX 33656
    DENVER,CO80233     		  PUBLIC CHARITY UNRESTRICTED 500
    SMALL ARMY FOR A CAUSE
    20 NEWBURY STREET 4TH FLOOR
    BOSTON,MA02116     		  PUBLIC CHARITY UNRESTRICTED 500
    VALPARAISO UNIVERSITY SCHOOL OF LAW
    656 S GREENWICH STREET
    VALPARAISO,IN46383     		  PUBLIC CHARITY UNRESTRICTED 500
    GREENLIGHT FUND
    2 CANAL PARK
    CAMBRIDGE,MA02141     		  PUBLIC CHARITY UNRESTRICTED 400
    Total .................................bullet 3a 1,541,074
    bApproved for future payment
    UNIVERSITY OF SOUTHERN CA
    ATHLETICS HERITAGE HALL 3501 WATT
    WAY
    LOS ANGELES,CA90089     		  PUBLIC CHARITY UNRESTRICTED 400,000
    ST MARGARET'S EPISCOPAL SCHOOL
    31641 LANOVIA AVENUE
    SAN JUAN CAPISTRANO,CA92675     		  PUBLIC CHARITY UNRESTRICTED 400,000
    JOHNS HOPKINS UNIVERSITY
    3400 N CHARLES STREET 221 MARYLAND
    HALL
    BALTIMORE,MD21218     		  PUBLIC CHARITY UNRESTRICTED 147,840
    EASTERN VIRGINA MEDICAL SCHOOL
    721 FAIRFAX AVENUE SUITE 132
    NORFOLK,VA23507     		  PUBLIC CHARITY UNRESTRICTED 125,000
    BECKMAN RESEARCH INSTITUTE CITY OF HOPE
    1500 EAST DUARTE ROAD
    DUARTE,CA91010     		  PUBLIC CHARITY UNRESTRICTED 99,000
    RUSH UNIVERSITY MEDICAL CENTER
    1700 W VAN BUREN SUITE 250
    CHICAGO,IL60612     		  PUBLIC CHARITY UNRESTRICTED 82,610
    BETTY FORD CENTER FOUNDATION
    41990 COOK STREET SUITE C-301
    PALM DESERT,CA92211     		  PUBLIC CHARITY UNRESTRICTED 40,000
    MARIAN HIGH SCHOOL
    7225 LAHSER ROAD
    BLOOMFIELD HILLS,MI48301     		  PUBLIC CHARITY UNRESTRICTED 20,000
    LEHIGH UNIVERSITY
    111 RESEARCH DRIVE
    BETHLEHAM,PA18015     		  PUBLIC CHARITY UNRESTRICTED 19,500
    Total ..................................bullet 3b 1,333,950
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 11
    Part XVI-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 page 28 of
    the 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....          
    3Interest on savings and temporary cash investments          
    4 Dividends and interest from securities....     14 1,117,124  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....     14 8,132  
    8Gain or (loss) from sales of assets other than inventory     18 -1,990,873  
    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).. 0 -865,617 0
    13Total. Add line 12, columns (b), (d), and (e)...................
    13-865,617
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-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 XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 12
    Part XVII
    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
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    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) of the Code (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
    SignHere
    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 or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2010)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    OMB No. 1545-0047
    2010
    Name of organization
    IACOCCA FAMILY FOUNDATION
     
    Employer identification number

    38-6071154
    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 is not covered by the General Rule and/or the Special Rules does not 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 in the heading of its
    Form 990-EZ, or on line 2 of its Form 990-PF, to certify that it does not 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, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part I
    Name of organization
    IACOCCA FAMILY FOUNDATION
          		Employer identification number

    38-6071154
    Part I
    Contributors (see Instructions)
    		     
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    1
     
     

    IACOCCA CLUT FBO ARIANNA ASSAD    
    C/O COMERICA
       
    DETROIT, MI   48226

    		$181,347




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    2
     
     

    IACOCCA CLUT FBO PARKER LEE HENTZ    
    201 WASHINGTON STREET
       
    BOSTON, MA   02108

    		$218,164




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    3
     
     

    LIDO A IACOCCA    
    867 BOYLSTON STREET
       
    BOSTON, MA   02116

    		$1,007,670




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part II
    Name of organization
    IACOCCA FAMILY FOUNDATION
          		Employer identification number

    38-6071154
    Part II
    Noncash Property (see Instructions)
    		     
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
    3
    		 PUBLICLY TRADED SECURITIES   $1,007,670 2010-12-31
    (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
     
    		$    
    (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, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part III
    Name of organization
    IACOCCA FAMILY FOUNDATION
          		Employer identification number

    38-6071154
    Part III
    Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
    aggregating more than $1,000 for the year. (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 $  
    (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, 990-EZ, or 990-PF) (2010)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2010 AccountingFeesSchedule
    Name:
    IACOCCA FAMILY FOUNDATION
    EIN: 38-6071154
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 8,375 837   7,538

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    IACOCCA FAMILY FOUNDATION
    EIN: 38-6071154
    Name of Stock End of Year Book Value End of Year Fair Market Value
    PUBLICLY TRADED SECURITIES 1,007,670 1,007,670
    PRIVATELY HELD - BAYHILL 3,449,437 3,449,437

    TY 2010 InvestmentsOtherSchedule2
    Name:
    IACOCCA FAMILY FOUNDATION
    EIN: 38-6071154
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MUTUAL FUNDS FMV 34,230,642 34,230,642
    CASH HELD FOR INVESTMENTS FMV 977,092 977,092

    TY 2010 LandEtcSchedule2
    Name:
    IACOCCA FAMILY FOUNDATION
    EIN: 38-6071154
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    EQUIPMENT 64,613 29,625 34,988 34,988


    TY 2010 LegalFeesSchedule
    Name:
    IACOCCA FAMILY FOUNDATION
    EIN: 38-6071154
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL 36,211 3,621   32,590


    TY 2010 OtherAssetsSchedule
    Name:
    IACOCCA FAMILY FOUNDATION
    EIN: 38-6071154
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    CSV LIFE INSURANCE POLICY 1,759,648 1,905,688 1,905,688


    TY 2010 OtherExpensesSchedule
    Name:
    IACOCCA FAMILY FOUNDATION
    EIN: 38-6071154
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    SUPPLIES 9,679 968   8,711
    TELEPHONE 13,176 1,318   11,858
    POSTAGE, SHIPPING & DELIVERY 6,548 655   5,893
    INSURANCE 38,827 3,883   34,944
    OUTSIDE COMPUTER SERVICES 11,678 1,168   10,510
    PAYROLL PROCESSING FEES 2,426 243   2,183
    STORAGE 5,974 597   5,377
    MEALS 5,183 518   4,665
    MISCELLANEOUS 930 93   837
    BANK SERVICE CHARGES 244 24   220
    MEMBERSHIP DUES 15,552 1,555   13,997


    TY 2010 OtherIncomeSchedule2
    Name:
    IACOCCA FAMILY FOUNDATION
    EIN: 38-6071154
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    INTEREST ON NOTE RECEIVABLE 8,132 8,132 8,132


    TY 2010 OtherIncreasesSchedule
    Name:
    IACOCCA FAMILY FOUNDATION
    EIN: 38-6071154
    Description Amount
    UNREALIZED GAIN 5,990,958


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    IACOCCA FAMILY FOUNDATION
    EIN: 38-6071154
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER 10,000 1,000   9,000
    INVESTMENT 28,440 28,440   0


    TY 2010 TaxesSchedule
    Name:
    IACOCCA FAMILY FOUNDATION
    EIN: 38-6071154
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 28,515 2,851   25,664
    REAL ESTATE TAXES 281 0   281