O U R C H R I S T I A N S T E W A R D S H I P S E R I E S 4.1 ITS BY CONTRACT
There are four ways by which friends of The Bible Institute of Los Angeles, Incorporated, may place their money to work for the Lord through this Institute. They are as follows:
( 1 ) By Direct Gifts ( 2 ) By Bequests in Wills ( 3 ) By taking out insurance in favor of the Institute ( 4 ) Through GIFTS BY CONTRACT
From time to time each o f these methods will be discussed in this series of ads. In this issue we would like to tell you something o f GIFTS BY CONTRACT. Gifts by contract are simply worded, easily understood, agreements between the givers and the Institute, covering all the facts o f each case exactly as the donor would have them covered.
The donor gives property to the Institute as an executed gift. The Institute in turn issues a contract, giving the donor all re ceipts from the property during his lifetime. Contracts o f this character work both for the benefit o f the Institute and in the interest o f the individual who desires to have all or a large share o f his estate go to this work after he is gone. Death auto matically relieves the Institute from the contract, and since the deed is an EXECUTED GIFT, property so given belongs to the Institute without further legal process or expense.
Our Business Department will be pleased to answer any questions, and submit a proposed contract for approval upon request, and without obligation on your part. A ll communications are o f course in strict confidence.
Business Department
THE BIBLE INSTITUTE OF LOS ANGELES, INCORPORATED 558 SOUTH HOPE STREET ............................LOS ANGELES, CALIFORNIA
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