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        <ExplanationTxt>The directors and officers of the foundation are medical doctors that practice in the field of gastroenterology and related fields. The purpose of the foundation is to enable the doctors to solicit public support to futher academic research, host or attend educational conferences with for other professionals in this field and share their findings and reseach. Historically, funding has been derived from numberous donors including pharmaceutical companies who have varied over the years. Only recently has one pharmaceutical company provided a substantial amount of annual program funding. Going forward, the foundation is looking to diversify its funding base from public support and public programs and offer more programs that will require more diverse revenue streams.</ExplanationTxt>
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        <FormAndLineReferenceDesc>Pt VI, Line 11b</FormAndLineReferenceDesc>
        <ExplanationTxt>Members of the board are furnished with a copy of the Form 990 before it is filed. In addition, the officers and business manager were provided copies of Form 990, Parts IV - VI for specific review to be certain all inquiries were properly answered.</ExplanationTxt>
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        <FormAndLineReferenceDesc>Pt VI, Line 19</FormAndLineReferenceDesc>
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        <ExplanationTxt>Annually, the board of directors meet and discuss potential conflicts of interest. Any potential conflict issues that arise are addressed at this time. Directors are not permitted to vote on issues where they have a known conflict.</ExplanationTxt>
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