Yes, thank you.
Mr. Burrows was saying that large private foundations were actually donating over 3.5%. I have no personal knowledge of any study on that subject. However, if we look at the annual reports produced by large private foundations, in almost every case, it's always roughly the equivalent of the disbursement quotas. If for example you look at the Fondation Lucie et André Chagnon, which is the second-largest private foundation in Canada, one can see they started out with $1.4 billion and that today, they have a capital of $1.5 billion. Large private foundations are set up so as to preserve the initial capital. In fact, the founders often recommend that the foundation ensure that it be able to last over time.