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Other opportunities for refinancing mortgages and loans, each proposition sound in itself and profitable to the in vestor, arise from time to time. Why not write us and learn the details of Contract Giving ? Remember, your money will be invested in Institute work, and an interest as large as, or larger than you can receive anywhere else, will be paid to you. Should you so desire, at your death all or a part of the money will go to the Institute for its work. Annuities Other forms of investment offered by the Institute are our Annuity Contracts. By arrangement with old-line life insur ance companies, the income agreed upon will be paid directly to the annuitant by the insurance company, ’while the por tion intended as a gift to the Institute is used immediately for Institute pur poses. The returns on this amply se cured investment are much higher than on usual securities. Ask for details. Direct Gifts Of course the most useful money that the Institute receives consists of the un conditional gifts to its general work, though, as indicated above, conditional gifts such as those of Contract Giving and Annuities are very useful. The Bible Institute of Los Angeles is itself a vast giving enterprise, receiving from many sources and distributing the benefactions of its friends in the impor tant work of evangelism, in the free training of Christian youth, and in for eign missionary effort. It cannot exist for a day save for the sacrificial giving of its friends, and it solicits the prayers and gifts of God’s people everywhere for the furtherance of its ministry. When writing for details concerning Contract Giving, Annuities, or other forms of giving, address the Business Department.
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Giving the Bible Institute of Los Angeles is an arrangement whereby persons desiring to aid the school may give to the school and yet receive a liberal income for them selves during their lifetime. All or a portion of the donor’s property may be placed under the direction of the Insti tute. At once the problems of its care fall from the shoulders of the giver upon the Trustees of the Institute. Death of the donor automatically releases the In stitute from the contract. Since the deed is an executed gift, property so given belongs to the Institute without further legal process or expense. It was a gift sent on these terms that made the money available for solving the Institute’s housing problem. The old beds were remodeled and new beds were bought. And the saving to the Institute of more than $17,000.00 a year was ef fected by the use of about $1,700.00 that thoughtful Christians had provided from their idle surplus, thus proving that upon money used in His service God is able to multiply the returns tenfold, and more. Other Opportunities for Contract Giving In addition to the above example, there are many other opportunities in the In stitute for the use of the idle capital of our friends. One instance is now being considered by Mr. Peterson, requiring an investment of $1,000.00, and which in benefits to the school will multiply itself many times in the next few years.
students would consent to occupy each room. This proposition was joyfully ac cepted by the young people. Students accustomed to the privacy of single rooms reminded themselves that this new arrangement could become a very defi nite part of their training. They realized that the Lord was teaching them to make : adjustments in daily living with fellow Christians under conditions similar to those found in many forms of Christian service in the homeland and on the foreign mission field. Many testify that the deepening of their prayer fellowship with their roommates has been one of the great blessings of recent months. How Contract Giving Helped However, to refurnish the Institute with “double-decker” beds required a twofold expense, that of first reconstruct ing old single beds into practicable two- story structures, and also of purchasing 1new beds to complete the required num ber. The total outlay in cash was to be ?1,749.24. * To be sure, this outlay would bring in a new income of hundreds of dollars weekly and meant a cash difference of many thousands of dollars a year to the Institute. Yet had it not been that at about that time some Christian friends of the Institute had sent about $1,700.00 for investment under our CONTRACT GIVING PLAN, this change could not have been made during the present term. The Contract Giving Plan followed by One of the practical details in the plan that is saving the Bible Institute of Los Angeles hundreds of dollars weekly is being pointed out to two of the women students by Chief Engineer Edward Ochs of Biola. Mr. Ochs prepared the design for re- I modeling the school's old iron beds ' so that two persons might live in a dormitory room. Biola students have adapted themselves readily to the change, glad to aid in saving expense. H ow O u r O ld B e d s W e r e R e b u i l t
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