In this clip from – Neil Portnow is the president of the Recording Academy. He talks about the role of the Recording Academy and its foundations. Neil also discusses how the Academy makes money and operates. He then goes on to talk about the Grammy Foundation that is involved with providing music education as well as archiving and preserving recorded works. Another branch of the Grammy Foundation Neil mentions is the Music Cares Foundation which is in involved in philanthropy and charity for individuals involved in music.