mr. zinsmeister: spending down is a big prior date of modern donors. the fraction of foundations that down used to be 5%, and last time i checked is close to 30% now, and a fast-rising curve. not only because you can get into new attitudinal or at a logical territory that would be unpalatable to the original donor, but because the power in most cases of this philanthropy is it is connected to

mr. zinsmeister: spending down is a big prior date of modern donors. the fraction of foundations that down used to be 5%, and last time i checked is close to 30% now, and a fast-rising curve. not only because you can get into new attitudinal or at a logical territory that would be unpalatable to the original donor, but because the power in most cases of this philanthropy is it is connected to the vigorous problem-solving ideas of the donor. and what could become embedded it becomestion -- sclerotic. you lose that freshman made philanthropy -- you lose that freshness that made philanthropy important in the first is great encourage donors to spend hard when they are alive and make sure that the people they really trust clean up in a 5, 10, 15 years after they had gone. george eastman was a pioneer in that, spending while living. question,: one more this gentleman in the back, and that i would like to invite you to reception. that has been pointed out 56% of americans will find himself in the top 10% of earners at some point in their lives. can you talk a