held him broke, and he was left to seek his freedom. But, boys and girls, he was just as helpless as the kite. The winds of chance blew him here and there and everywhere; he could find no resting place; and he found to his dismay that he could go higher. You see, the kite could go higher only as long as it was' held by the cord in the strong hand of the one who had sent it aloft. Just so long as the string held, the kite could rise. The breezes which blew against it only made it rise faster and higher into the blue of the sky; but the moment the string broke, the same wind that kept it aloft swept it to the ground. So the young man found himself drifting when the cord was loosed; instead of rising, he sank. He wav ered, and wobbled, and began to go down, down, down, just as the kite did, and soon he, too, found himself entangled in unfriendly wires. His whiteness was soiled, his strength was broken, and at the last, he found himself facing a long term of im prisonment — and all because, when he was a boy, he wanted to be freed from the kindly, protecting, restrain ing influences of home and mother, of church and God. There is a verse in the Bible which says: “Remember now thy Creator in the days of thy youth, while the evil days come not, nor the years draw nigh, when thou shalt say, I have no pleasure in them.” Boys and girls, that young man in prison had forgotten the Lord’s com mand to remember his Creator; he had broken the ties which held him; so the evil days came upon him, the years drew nigh, in which he would have to say, “I have no pleasure in them.” What happened to the kite that wanted its freedom will happen to every kite which breaks loose from the cord that holds it steady. What happened to the boy who broke the ties which bound him will happen to every boy and girl who breaks away from the ties which keep them steady. The kite lost its freedom, for it was hopelessly entangled in the wires; the young man lost his free dom, for he was doomed to spend the best years of his life behind prison bars. Boys and girls, it is only the free dom which comes through obedience which is worth while! Remember the fate of the kite that wanted to be free, and of the boy who wanted to cast off all restraints — and “remem ber now thy Creator in the days of thy youth”!
DID YOU KNOW YOU CAN GIVE AND GAIN?
Assume that you bought stocks in recent years at a cost of $1000.00.
By reason of inflation, etc., they are now worth $3000.00.
It the stocks are sold, the profit of $2000.00 (difference between the above $3000.00 present value and the $1000.00 cost) would be faxed at capital gain rates running up to 2 5 % or $500.00 on this profit.
If the stocks instead are given to Biola, a (hristian organization, then the doner's income fax deduction is the entire current value of the property, $3000.00, even though his cost was only $1000.00.
The law allows this liberal result in order to encourage contributions. The doner is excused from paying tax on the above gain of $2000.00 and his reward is a $3000.00 income tax deduction even though the property cost him only $1000.00. (The same rule would apply to any property, 1er example, land, jewelry, etc. which had increased in value.)
STEWARDSHIP DEPARTMENT The Bible Institute of Los Angeles, Inc. 558 South Hope Street Los Angeles T7, California □ I anrr interested in more information about Biola and its diversified ministries. Q I would like to know more about how I can give to Biola and gain tax reductions.
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C IT Y ..................... ..... j ...................... ST A T E ..................................
MAY, 1963
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