In my specific remarks, I was actually talking about charities. I was thinking about things like the Michael J. Fox Foundation, or Wellcome Trust, or the equivalent—patient foundations here that have pots of money. They invest in research, but they don't get involved with the innovation part because of these tax rules.
What I'd like them to do is more impact investing, using the charitable money to further that. They might do so in the form of a non-profit—that might be the vehicle—but I'm trying to liberate charitable funds to invest in innovation.