Good afternoon and thank you to both of you.
There is some mention of authoritarian capitalism and that makes it a challenge to protect and promote democracy, and from our perspective it keeps the challenge going. We know that democracy is a long process. It needs patience, determination and investment in many ways in order to maintain and continue promoting it in different places of the world. NED does excellent work supporting pro-democracy around the world.
Mr. Gershman, you spoke about the non-governmental character of the NED. You mentioned that this gives you a benefit of being more effective on the world stage. Are there any downsides to not operating as an arm, in this instance, of the U.S. government?