Ellis IslandIn 1982, President Ronald Reagan asked Lee Iacocca, then Chairman of Chrysler Corporation, to head a private sector effort to raise funds for the restoration and preservation of the Statue of Liberty and Ellis Island. The Statue of Liberty-Ellis Island Foundation (SOLEIF) was founded.
The Foundation's fundraising drive sparked a dramatic response. The American people contributed more than $500 million (and counting!) to the repair, restoration, and maintenance of these two great monuments to freedom. All funds for the Foundation’s projects have come from the American people – no government funds have been used.