1931]
CATALOG
[ 1932
THE FINANCES OF THE INSTITUTE The In stitute makes no charge for tuition other than sli ght incidental registra tion fees . From certain in vestment s t here is a limited income but the Institute de pends also upon the voluntary contrib uti ons of its frie nd s. Voluntary co ntributions may be made in one of seve ral ways:
OUTRIGHT GIFTS
ENDOWMENTS
ANNUITIES
BEQUESTS
BIOLA ANNUITIES
One hund red doll a rs or more may be g ive n to the In st itute on the Annuity Plan. An annuity guara ntees to t he donor who is ca ll ed the annuitant a li fe income of from 4% to 9 1/,: accord ing to age. The Bibl e In stitute of Los A nge les has bee n iss uing annuit ies since 1917. Its annuit y rese r ve fu nds a re separate and di stinct from all other fund s a nd a re admi n istered under competent in vestment coun se l in pursua nce w ith the laws of the State of California. An nuitants enjoy a host of advantages, whi ch a re set fo rth in a booklet that may be had without obli ga tion by wr iting to the In st itute. Some of the more important adva ntages accrui ng to annuitants are: Annuities are beyond the risk.. of speculation and the vicissitudes of trade and commerce. Incomes from annuities are not subject to fl uctuation or annihilation .
The worry and hazard of reinvestment with the fre quent loss of interest incident thereto are completely eliminated by annuities. Annuities entail no cost fo r litigation or adm inistra tion and eliminate the possibility of alienation of gift from tlie intention of the giver. Annuitants past middle age receive income at rates in excess of ordinary rates of interest and dividends .
PAGE THIRTY-ONE
Made with FlippingBook flipbook maker