The American Foundations Oral History Project consists of a series of interviews with prominent American philanthropists, each of whom relates their background, the development of their values, and their philosophies of philanthropy. The purpose and state of American philanthropy, including those family foundations and corporate foundations, form a central topic, as do the recent trend of increasing diversity and opinions on grant evaluation and philanthropic assessment. In addition, many interviewees comment on the role of government in philanthropy and the system of ethics at play in American philanthropy.
Elizabeth McCormack, a nun and philanthropist who has worked at the Rockefeller Brothers Fund and the MacArthur Foundation, discusses her career, values, and favorite grants. She speaks of the history of philanthropy and her views on the future of philanthropy. McCormack discusses grant making and grant evaluation, as well as the role she believes the government should take in regard to philanthropy. In addition, she comments on diversity in philanthropic boards and foundations.