I would be happy to step in. I would just say that we operate under the charitable regulations of Canada, the Charities Act. While in many respects it is quite restrictive, in terms of ownership of assets, the ability to participate in limited partnerships, and the ability to own social enterprises—there are barriers in all of those areas—one thing we can highlight that is helpful is that the government has identified the program-related investment as a place where foundations can actually lose money but declare the loss as a charitable contribution, as a grant, in effect. That has, in effect, opened up our ability to almost get our money back, and to declare that loss as a grant in meeting our required disbursement quota on the granting side. We appreciate that very much. It has been very helpful, but I think we would look for further progress on the regulatory front, it being really important to the growth of this sector.
On February 24th, 2015. See this statement in context.