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        <CurrentTaxYearMinus1Year>25322</CurrentTaxYearMinus1Year>
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      <InvestmentIncomePercentage>0.06238</InvestmentIncomePercentage>
      <PriorYrInvestIncomePercentage>0.04844</PriorYrInvestIncomePercentage>
      <ThirtyThreePercntTestsCY509>X</ThirtyThreePercntTestsCY509>
      <GeneralExplanation>OTHER INCOME INCLUDES AMOUNTS FROM SALES SHIPPING AND HANDLING, AND MAIL SHOP RECOVERY.</GeneralExplanation>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="IRS990ScheduleB">
      <ContributorInfo>
        <ContributorNumber>RESTRICTED</ContributorNumber>
        <ContributorNameBusiness>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorNameBusiness>
        <ContributorAddressUS>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
      </ContributorInfo>
    </IRS990ScheduleB>
    <IRS990ScheduleD documentId="IRS990ScheduleD">
      <ArtPublicExhibitionAmts />
      <HeldWorksOfArtAmts />
      <CurrentYear>
        <BeginningOfYearBalance>7322635</BeginningOfYearBalance>
        <Contributions>396595</Contributions>
        <InvestmentEarningsOrLosses>639195</InvestmentEarningsOrLosses>
        <OtherExpenditures>139813</OtherExpenditures>
        <EndOfYearBalance>8218612</EndOfYearBalance>
      </CurrentYear>
      <CurrentYearMinus1Year>
        <BeginningOfYearBalance>0</BeginningOfYearBalance>
        <Contributions>7322635</Contributions>
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        <OtherExpenditures>0</OtherExpenditures>
        <EndOfYearBalance>7322635</EndOfYearBalance>
      </CurrentYearMinus1Year>
      <CurrentYearMinus2Years />
      <PermanentEndowmentEOYBalance>1.00000</PermanentEndowmentEOYBalance>
      <EndowmentsHeldByUnrelatedOrgs>false</EndowmentsHeldByUnrelatedOrgs>
      <EndowmentsHeldByRelatedOrgs>false</EndowmentsHeldByRelatedOrgs>
      <Land>
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        <BookValue>1450000</BookValue>
      </Land>
      <Buildings>
        <OtherCostOrOtherBasis>6222725</OtherCostOrOtherBasis>
        <Depreciation>4499441</Depreciation>
        <BookValue>1723284</BookValue>
      </Buildings>
      <LeaseholdImprovements />
      <Equipment>
        <OtherCostOrOtherBasis>3024839</OtherCostOrOtherBasis>
        <Depreciation>79906</Depreciation>
        <BookValue>2944933</BookValue>
      </Equipment>
      <OtherLandBuildings>
        <OtherCostOrOtherBasis>285248</OtherCostOrOtherBasis>
        <Depreciation>38465</Depreciation>
        <BookValue>246783</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>6365000</TotalOfBookValueLandBuildings>
      <FederalIncomeTaxLiability>0</FederalIncomeTaxLiability>
      <OtherLiabilities>
        <Description>INTEREST RATE SWAP OBLIGATION</Description>
        <Amount>769460</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>DUE TO AGA, INC.</Description>
        <Amount>1809661</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>DEFERRED COMPENSATION LIABILITY</Description>
        <Amount>499618</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>3078739</TotalOfAmounts>
      <TotalRevenue>19450852</TotalRevenue>
      <TotalExpenses>17180823</TotalExpenses>
      <ExcessOrDeficitForYear>2270029</ExcessOrDeficitForYear>
      <NetUnrealizedGLOnInvestments>1982673</NetUnrealizedGLOnInvestments>
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      <TotalAdjustments>2023753</TotalAdjustments>
      <ExcessOrDeficitPerFS>4293782</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>21246573</TotRevenueEtcAuditedFinclStmt>
      <NetUnrealizedGainsInvestments>1982673</NetUnrealizedGainsInvestments>
      <OtherRevenues>41080</OtherRevenues>
      <RevenueNotRptdF990>2023753</RevenueNotRptdF990>
      <RevenueSubtotal>19222820</RevenueSubtotal>
      <InvestmentExpensesNotIncluded>228032</InvestmentExpensesNotIncluded>
      <RevenueNotRptdOnFinStmt>228032</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>19450852</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>16952791</TotExpensesEtcAuditedFinclStmt>
      <ExpensesSubtotal>16952791</ExpensesSubtotal>
      <InvestmentExpensesNotIncluded2>228032</InvestmentExpensesNotIncluded2>
      <ExpensesNotRptdOnFinStmt>228032</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>17180823</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIV>
        <Identifier>RECONCILIATION OF REVENUE</Identifier>
        <ReturnReference>SCHEDULE D: PART XI, LINE 8 AND PART XII, LINE 2D</ReturnReference>
        <Explanation>CHANGE IN VALUE ON SWAP $41,080</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>FIN 48</Identifier>
        <ReturnReference>SCHEDULE D: PART X, LINE 2</ReturnReference>
        <Explanation>FOR TAX YEARS PRIOR TO 2007, AGA INSTITUTE IS NO LONGER SUBJECT TO EXAMINATION BY THE IRS AND THE TAX JURISDICTION OF MARYLAND.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>ENDOWMENT FUNDS</Identifier>
        <ReturnReference>SCHEDULE D: PART V, LINE 4</ReturnReference>
        <Explanation>THE ORGANIZATION'S ENDOWMENT CONSISTS OF INDIVIDUAL FUNDS ESTABLISHED FOR AWARDS AND RELATED ACTIVITIES.</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
    <IRS990ScheduleI documentId="IRS990ScheduleI">
      <RecordsMaintained>true</RecordsMaintained>
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        </RecipientNameBusiness>
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          <AddressLine1>350 DICKEN STREET</AddressLine1>
          <City>SAN DIEGO</City>
          <State>CA</State>
          <ZIPCode>92103</ZIPCode>
        </AddressUS>
        <EINOfRecipient>956006143</EINOfRecipient>
        <IRCSection>501(c)(3)</IRCSection>
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      </RecipientTable>
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        </RecipientNameBusiness>
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          <City>AURORA</City>
          <State>CO</State>
          <ZIPCode>80045</ZIPCode>
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        <MethodOfValuation>NONE</MethodOfValuation>
        <DescriptionOfNonCashAssistance>N/A</DescriptionOfNonCashAssistance>
      </RecipientTable>
      <RecipientTable>
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          <BusinessNameLine1>YALE UNIVERSITY</BusinessNameLine1>
        </RecipientNameBusiness>
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          <AddressLine1>PO BOX 1873</AddressLine1>
          <City>NEW HAVEN</City>
          <State>CT</State>
          <ZIPCode>06508</ZIPCode>
        </AddressUS>
        <EINOfRecipient>060646973</EINOfRecipient>
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        <AmountOfNonCashAssistance>0</AmountOfNonCashAssistance>
        <MethodOfValuation>NONE</MethodOfValuation>
        <DescriptionOfNonCashAssistance>N/A</DescriptionOfNonCashAssistance>
      </RecipientTable>
      <RecipientTable>
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        </RecipientNameBusiness>
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        </AddressUS>
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      <RecipientTable>
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          <State>MA</State>
          <ZIPCode>02241</ZIPCode>
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        <EINOfRecipient>042774441</EINOfRecipient>
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        <DescriptionOfNonCashAssistance>N/A</DescriptionOfNonCashAssistance>
      </RecipientTable>
      <RecipientTable>
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          <BusinessNameLine1>GENERAL HOSPITAL CORPORATION</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>101 HUNTINGTON AVENUE</AddressLine1>
          <City>BOSTON</City>
          <State>MA</State>
          <ZIPCode>02199</ZIPCode>
        </AddressUS>
        <EINOfRecipient>041564655</EINOfRecipient>
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        <DescriptionOfNonCashAssistance>N/A</DescriptionOfNonCashAssistance>
      </RecipientTable>
      <RecipientTable>
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        </RecipientNameBusiness>
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          <City>ANN ARBOR</City>
          <State>MI</State>
          <ZIPCode>48109</ZIPCode>
        </AddressUS>
        <EINOfRecipient>386006309</EINOfRecipient>
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        <DescriptionOfNonCashAssistance>N/A</DescriptionOfNonCashAssistance>
      </RecipientTable>
      <RecipientTable>
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          <BusinessNameLine1>WASHINGTON UNIVERSITY</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>660 S EUCLID AVENUE</AddressLine1>
          <City>ST LOUIS</City>
          <State>MO</State>
          <ZIPCode>63110</ZIPCode>
        </AddressUS>
        <EINOfRecipient>430653611</EINOfRecipient>
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      <RecipientTable>
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        </RecipientNameBusiness>
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          <City>NEW YORK</City>
          <State>NY</State>
          <ZIPCode>10029</ZIPCode>
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        <DescriptionOfNonCashAssistance>N/A</DescriptionOfNonCashAssistance>
      </RecipientTable>
      <RecipientTable>
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          <BusinessNameLine1>TRUSTEES OF COLUMBIA UNIVERSITY</BusinessNameLine1>
        </RecipientNameBusiness>
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          <City>NEW YORK</City>
          <State>NY</State>
          <ZIPCode>10032</ZIPCode>
        </AddressUS>
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      <RecipientTable>
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          <State>NY</State>
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      <RecipientTable>
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          <State>OH</State>
          <ZIPCode>45229</ZIPCode>
        </AddressUS>
        <EINOfRecipient>310833936</EINOfRecipient>
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        <AmountOfNonCashAssistance>0</AmountOfNonCashAssistance>
        <MethodOfValuation>NONE</MethodOfValuation>
        <DescriptionOfNonCashAssistance>N/A</DescriptionOfNonCashAssistance>
      </RecipientTable>
      <RecipientTable>
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        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>423 GUARDIAN DRIVE</AddressLine1>
          <City>PHILADELPHIA</City>
          <State>PA</State>
          <ZIPCode>19104</ZIPCode>
        </AddressUS>
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      <RecipientTable>
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        </RecipientNameBusiness>
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          <City>HOUSTON</City>
          <State>TX</State>
          <ZIPCode>77030</ZIPCode>
        </AddressUS>
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        <DescriptionOfNonCashAssistance>N/A</DescriptionOfNonCashAssistance>
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        <MethodOfValuation>NONE</MethodOfValuation>
        <DescriptionOfNonCashAssistance>N/A</DescriptionOfNonCashAssistance>
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        <BaseCompensationFilingOrg>178548</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
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        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
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      <Form990ScheduleJPartII>
        <NamePerson>CHARLES WILLIS</NamePerson>
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        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
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        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
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      <Form990ScheduleJPartIII>
        <Identifier>SEVERANCE PAYMENT</Identifier>
        <ReturnReference>SCHEDULE J, PART I, LINE 4A</ReturnReference>
        <Explanation>ROBERT GREENBERG, FORMER EXECUTIVE VICE PRESIDENT OF AMERICAN GASTROENTEROLOGICAL ASSOCIATION INSTITUTE, RECEIVED THE REMAINING $384,054 IN SEVERANCE PAY FROM AMERICAN GASTROENTEROLOGICAL ASSOCIATION INSTITUTE IN THE FISCAL YEAR ENDED MARCH 31, 2011.</Explanation>
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    </IRS990ScheduleJ>
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          <BusinessNameLine1>MONTGOMERY COUNTY MARYLAND</BusinessNameLine1>
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        <IssuerEIN>526000980</IssuerEIN>
        <CUSIPNumber>613342BW3</CUSIPNumber>
        <DateIssued>2003-07-07</DateIssued>
        <IssuePrice>6600000</IssuePrice>
        <DescriptionOfPurpose>MORTGAGE REFINANCING</DescriptionOfPurpose>
        <Defeased>false</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
        <PoolFinancing>false</PoolFinancing>
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        <AmountBondDefeased>0</AmountBondDefeased>
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        <CapitalizedInterest>0</CapitalizedInterest>
        <RefundingEscrow>0</RefundingEscrow>
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        <CreditEnhancement>0</CreditEnhancement>
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      <GeneralExplanation>
        <Identifier>MONITOR AND ENFORCEMENT OF CONFLICT OF INTEREST POLICY</Identifier>
        <ReturnReference>PART VI, LINE 12C</ReturnReference>
        <Explanation>THE GOVERNING BOARD MEMBERS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST FORM QUARTERLY TO DISCLOSE ANY CONFLICTS THAT MAY ARISE.</Explanation>
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      <GeneralExplanation>
        <Identifier>TOP MANAGEMENT OFFICIAL COMPENSATION</Identifier>
        <ReturnReference>PART VI, LINE 15A AND 15B</ReturnReference>
        <Explanation>THE EXECUTIVE COMPENSATION COMMITTEE MEETS ANNUALLY TO DISCUSS THE COMPENSATION OF THE TOP MANAGEMENT OFFICIAL, AS WELL AS THE CFO/COO AND THE SENIOR VP AND GENERAL COUNSEL.</Explanation>
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      <GeneralExplanation>
        <Identifier>ORGANIZING DOCUMENTS</Identifier>
        <ReturnReference>PART VI, LINE 19</ReturnReference>
        <Explanation>THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENT SUMMARY IS POSTED ON THE ORGANIZATION'S WEBSITE.</Explanation>
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      <GeneralExplanation>
        <Identifier>MEMBERS OF THE ORGANIZATION</Identifier>
        <ReturnReference>PART VI, LINE 6</ReturnReference>
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      <GeneralExplanation>
        <Identifier>MEMBER ELECTION OF GOVERNING BOARD</Identifier>
        <ReturnReference>PART VI, LINE 7A</ReturnReference>
        <Explanation>THE NOMINATING COMMITTEE MEETS ANNUALLY TO REVIEW THE NOMINATIONS OF MEMBERS OF THE GOVERNING BODY. MEMBERS THEN CAST BALLOTS FOR THE ELECTION OF THE GOVERNING BOARD.</Explanation>
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      <GeneralExplanation>
        <Identifier>AMENDMENT OF BY-LAWS</Identifier>
        <ReturnReference>PART VI, LINE 4</ReturnReference>
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      <GeneralExplanation>
        <Identifier>AUDITED FINANCIAL STATEMENTS</Identifier>
        <ReturnReference>PART XI, LINE 2B</ReturnReference>
        <Explanation>AGAI'S FINANCIAL STATEMENTS WERE AUDITED ON A CONSOLIDATED BASIS WITH ITS PARENT ORGANIZATION, AMERICAN GASTROENTEROLOGICAL ASSOCIATION, INC.</Explanation>
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      <GeneralExplanation>
        <Identifier>OTHER CHANGES IN NET ASSETS</Identifier>
        <ReturnReference>PART XI, LINE 5</ReturnReference>
        <Explanation>UNREALIZED GAIN AT 3/31/11: $1,982,673 GAIN ON SWAP AGREEMENT AT 3/31/11: 41,080 ------------- TOTAL: $2,023,753</Explanation>
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      <GeneralExplanation>
        <Identifier>REVIEW OF FORM 990</Identifier>
        <ReturnReference>PART VI, LINE 11B</ReturnReference>
        <Explanation>THE FORM 990 IS PREPARED BY A THIRD PARTY. AGA MANAGEMENT REVIEWS THE FINAL FORM 990 AND ADDRESSES ANY QUESTIONS PRIOR TO FILING. THE GOVERNING BOARD DOES NOT REVIEW FORM 990 PRIOR TO FILING.</Explanation>
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      <GeneralExplanation>
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        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:GAIL A. HECHT TITLE:PAST PRESIDENT HOURS:3</Explanation>
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      <GeneralExplanation>
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        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:JOHN I. ALLEN TITLE:COUNCILLOR HOURS:3</Explanation>
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      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:FRANCIS M. GIARDIELLO TITLE:COUNCILLOR HOURS:3</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:IAN L. TAYLOR TITLE:PRESIDENT HOURS:3</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:F. TAYLOR WOOTTON III TITLE:COUNCILLOR HOURS:3</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:J. SUMNER BELL, III TITLE:SECRETARY/TREASURER HOURS:3</Explanation>
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      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:C. RICHARD BOLAND TITLE:PRESIDENT-ELECT HOURS:3</Explanation>
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        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:LOREN A. LAINE TITLE:VICE PRESIDENT HOURS:3</Explanation>
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        <ReturnReference>FORM 990 PART VII</ReturnReference>
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        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:SHEILA E. CROWE TITLE:COUNCILLOR HOURS:3</Explanation>
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        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:HELEN M. SHIELDS TITLE:COUNCILLOR HOURS:3</Explanation>
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        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:THOMAS J. SERENA TITLE:CO-EXECUTIVE VICE PRESIDENT HOURS:10</Explanation>
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      <GeneralExplanation>
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        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:LYNN P. ROBINSON TITLE:CO-EXECUTIVE VICE PRESIDENT HOURS:10</Explanation>
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      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:JEFFREY SPRINGER TITLE:VP MARKETING &amp; MEMBER SERVICES HOURS:10</Explanation>
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      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:ARCELI BACSINILA TITLE:DIRECTOR OF FINANCE HOURS:3</Explanation>
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