Up until 1988, the foundation went by the name the Japanese Shipbuilding Industry Foundation (JSIF), and even donated some supposedly $500,000 worth of fireworks to the Los Angeles 1984 Organizing Committee for use in those Olympics. It was much more than the LA Organizing Committee wanted to use, and they were forced to come up with a 25-minute fireworks show to accommodate the gift and NOT slight the Foundation. Sometime around 1988–1989, the foundation dropped that moniker and went by several other names including the all-inclusive "Nippon" Foundation.