Three years ago, in early 2002, a decision was made that The Atlantic Philanthropies would spend down their then almost $4 billion endowment over a period of 12-15 years. If a foundation is going to go out of business in that time, it will naturally want to ensure that it achieves as much as possible in its chosen fields, leaving a lasting and visible legacy behind it. So how has the decision to spend down affected the style of grantmaking, the grantmaking decisions, the way you approach things, Alliance asked John Healy, Chief Executive of The Atlantic Philanthropies.