GRANT GUIDELINES & APPLICATION
The Iacocca Foundation is fully committed for 2009 and will next accept applications in early 2010.
The Iacocca Foundation is a 509(a)3 supporting organization of The Iacocca
Family Foundation. The mission of the foundation is to fund innovative
and promising diabetes research programs and projects that will lead
to a cure for the disease and alleviate complications caused by it.
FIELDS OF INTEREST
In order to maximize the effectiveness of the foundation’s grant making,
the foundation has determined to support qualified non-profit research
organizations in the following field of interest:
DIABETES RESEARCH PROJECTS IN THE
AREA OF TYPE I.
Qualified non-profit research organizations are defined as charitable
organizations by the IRS and represent tax-exemptions under section
501(c)(3) of the internal revenue code, and which are not private foundations
as defined in section 509(a) of the code. These charitable research
organizations applying for support must have in hand such IRS documentation
of status.
Although the Iacocca Foundation supports a wide range of projects and programs, the interests of the foundation are limited; the primary focus of the foundation is diabetes research.
PRIORITY GRANTS
The Iacocca Foundation believes by joining forces with other agencies/organizations,
the combined efforts can produce change aimed at solving the problems
in diabetes research. Toward that end, the foundation will give
priority to projects that work to introduce new ideas in diabetes
research with the intent to move science forward in pursuit of a cure.
TYPES OF GRANTS
The Iacocca Foundation recognizes many projects cannot be completed
in a single year with a single grant, because many projects have
a completion schedule that may span over a number of years. With
this in mind, the foundation will consider making multi-year grants
for worthy projects subjected to annual review for continuation.
The foundation will make grants to support specific and detailed diabetes
research projects involving:
1. Fellowships under the sponsorship of a strong advisor
2. Research supplies and equipment
3. Principal investigator salaries and associated research projects
4. Projects directly to principal investigators
The foundation does not make grants for:
1. Projects not on diabetes
2. Buildings or capital improvements
3. Embryonic stem cell research
4. Hospital and university general fund drives
5. General operating costs of hospitals, research institutes, buildings, clinical care clinics, etc.
The foundation has a strict policy of only paying a maximum overhead of 10% indirect costs on all grants; no overhead is paid on equipment. All multiple year grants are required to submit a one year progress report 30 days prior to the additional year’s funding deadline. The foundation has the right to review yearly all expenditures on grants and has the right to revoke any grant that is mismanaged, (i.e. not spent for the intended purpose, used for projects unrelated to the proposed project, etc.). A select subset of deemed recipients will present their data yearly at the scientific board meeting.
GRANT AMOUNTS & NUMBER OF GRANTS
The foundation is acutely aware of the great need in the world today
to solve myriad problems. There are many worthy causes and just
as many organizations established to solve problems or alleviate
the causes that give rise to the issues we face. Recognizing there
can never be sufficient funds to meet all the needs, the foundation
has determined to be very focused in its grant-making by making
a few grants a year. Accordingly, the foundation will consider approximately
20 grants a year ranging in amounts of $10,000 to $500,000.
GRANT PROCEDURES
Grant applicants are encouraged to carefully read this guide to the
foundation’s grant guidelines and instructions. Only those projects
that fall within the foundation’s program areas and objectives,
and those which meet appropriate criteria will be considered for
foundation support.
APPLICATION
All applications need to be postmarked by March 1st of each granting
year.
Applications should be clear and concise. Please do not fax applications
to the foundation. Do not e-mail the foundation with grant related questions.
Please do not call the foundation to inquire about grant status. When
applying for a one-year grant or the first year of a multi-year grant,
please mail six complete applications, which includes all of the following
elements:
1. Cover Letter:
Including a statement of authorization, signed by both the applicant
and the authorized director of grant management for your institution.
Please acknowledge that the grant will be made to the institution
with section 501(c)(3) status.
2. Title Page:
Containing the name of the organization as it appears on the current
IRS tax exemption letter and the name of the department, division
or subsidiary administering the grant; the organization’s address
and telephone number; the name of the financial officer, the individual
responsible for the project and the contact person for the project
if different; the amount of grant support requested; the time period
for support and whether requesting support for one year or for a
multi-year period; the name of the project; the program area to
which the proposal is directed; and the type of support requested.
3. Lay Summary of Proposal:
No longer than 1500 words which summarizes the essential elements of
the proposal and is separate from a cover letter.
4. Budget:
For the total project itemized using standard NIH accounting expenditure
categories for year 1. If the grant is for multiple years, please
indicate in the written section of the proposal how additional years
of support might vary from the first year. Indirect expenses may
not exceed 10% and should be lower than this if possible. Equipment
carries no overhead. If the request is for the first year of a multi-year
project, justify possible budgetary changes in year 2.
5. Other Pending Support:
Include a list of other funding sources approached for this and related
projects to date. The Iacocca Foundation requests the grantee disclose
any funds received for the grant requested and reserves the right
to cancel funding and have any duplicated funding returned.
6. Scientific Proposal:
No longer than two pages that covers the following points in a clear
and concise manner.
a. Purpose of the project stated in one or two sentences.
b. Need for project and problems it addresses.
c. Goal of the project, the measurable objectives, the results to be
achieved, how the project’s goals meet the problems it addresses, and
how the project’s goals meet the stated objective described within the
relevant foundation program area.
d. Project plan and description which includes project history and
past accomplishments; target population to be served including number,
age, location; timeline; specific project activities and how these activities
will achieve the project’s goals and objectives and the objectives of
the foundation’s program areas.
e. Not included in two-page limit is an additional one page of references
for the scientific proposal.
7. Outline on one page three major scientific accomplishments:
These past scientific accomplishments should be explained in the context
of their impact on science and can be in the form of scientific
papers or patent applications.
8. Biography:
Provide a two page bio-sketch with publications for the principle investigator
only.
Frequency of Application
Due to the volume of grant applications
made to the foundation each year, applicants may make only one application
per year, whether successful in obtaining a grant or not.
FORM OF APPLICATION
Applicants should submit 6 copies (one original and 5 copies). Applications
should be submitted with binder clips or paper clips, but no staples.
TIMING
Grant applications should be postmarked no later than March 1st of each
year. Grant applications will be considered once a year, reviewed
by the foundation’s scientific advisory board and evaluated for
a final vote by the executive board at the annual spring board-meeting.
Applicants will receive notification as to the decision of the foundation
by approximately June 1st. Please do not make inquiries as to the
status of an application.
MAIL ALL APPLICATIONS TO:
THE IACOCCA FOUNDATION
Attn: Jennifer L. Phillips, Operations Manager
867 Boylston Street, 6th Floor
Boston, MA 02116
Download and fill out the Iacocca Foundation Grant Application