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William S. Armstrong served as president of the Indiana University Foundation from 1952 to 1983. He also attended Indiana University as an undergraduate. He discusses Indiana University sports and school spirit during his days as a student. When talking about his time with the Indiana University Foundation, he talks about financial aid, donations, and the development of Crest toothpaste.

Don B. Earnhart attended Indiana University as an undergraduate, graduating in 1949. He then went to work as an accountant for the Inland Container Corporation, owned by the Krannert family. The Krannerts planned to give money to Indiana University after their deaths and Mr. Earnhart became the administrative trustee of the Krannert Charitable Trust, which gave millions of dollars to the university. Earnhart also remained directly involved in the university himself, serving as director and treasurer of the Indiana University Foundation. In addition to this, he discusses university funding and the changes that have taken place on campus.