Institutional change and money, it turns out, do not (need to) arrive at the same time. Which raises the question Dougherty put at the centre of the work: to what extent is this actually a budget constraint, and to what extent is it something else? We hear that there is nothing in the pot, and then we watch money flood into new foundations, programmes, and funds. This is where the work speaks directly to a theme that ran through the whole conference: the shrinking space for civil society. If funding flows track political sorting rather than need, then some causes find their room to operate quietly expanding while others watch it contract, as the political weather turns rather than the budget.