Biolu “Go Forward” Campaign Passes Hall-Way Mark P er iod o f Campaign— O c tober 1 ,1937 , to June 1 ,1940 (E stim ated R equ irem en t ... $1 ,500 ,000 .00) STATUS as of October 1, 1938 (First Anniversary)
Cash from "Go Forward" pledges (pledges $77,783.13)—................... ..$ 28,175.80 Other donation income.......................... _____________ _____'.................... 61,950.44 Income from other sources............................. .,.......... .........i........... 99,075.84 Debt cancellations secured (junior mortgages and liens)—................... 756,731.25 $945,933.33 ESTIMATED REQUIREMENTS For Balance of Period of Campaign to Accomplish Payment in Full of: Mortgage and Other Obligations Estimated cost of training 400 students (no tuition charged)
October 1, 1938, to June 1,1940............................I........ |................... $153,600.00 First mortgage.......................................... ....fe..............:,........... ................... 188,000.00 Provision for Bible Women's work............................. —.....¿i..',.x.................. 8,500.00 Miscellaneous operating costs, additional annuity reserve requirements and China Institute needs (estimated).................. 204,000.00 554,100.00 ------------------------------- -------------- ! ------ 9 $1,500,033.33
T h e b io l a " g o f o r w a r d " CAMPAIGN, which ' began with prayer and supplication on Octo ber 1, 1937, looking toward the payment of the Institute debt and the mainte nance and operation of the school for a period of thirty-three monfhs, has been blessed of God in an unusual way. BY OCTOBER 1, 1938, CAMPAIGN PLEDGES AND EFFORTS IN REDUC TION OF THE INSTITUTE DEBT, AG GREGATED N E A R L Y A M IL L IO N DOLLARS. In this result, which has been granted by the grace of God, a total of 1,355 friends of the Institute have cooperated^ by means of their month-by-month pledge payments and by their faithful intercession. Furthermore, the Board of Trustees of the Institute, now led by President Louis T. Talbot, has been and is continuing to look to the Lord for the full achievement for which the cam paign originally tvas launched. On every hand, there has been cordial en dorsement of the "GO FORWARD" CAMPAIGN method: the system con- viently providing for regular payments extending over a period of thirty-three months. The plan is flexible and adapt able. to individual needs. It may be asked: What were the ob jects in view in the inaugurating of the "GO FORWARD" CAMPAIGN? To an swer this query, the Bible Institute of Los- Angeles announced in September, 1937, that the.proceeds of the campaign would be devoted to four specific pur poses in the following order: (1) To the maintenance and opera tion of the Institute. (2) To the strengthening of the annu ity reserve fund and the keeping up of payments to our aged an nuitants. (3) To the reduction, of the Institute's mortgage indebtedness. (4) To such extension work as may be planned. This fourfold program—which the In stitute believes was given of God—cov ers an aggressive ministry which has for its object the glory of the Lord Jesus.
How Contributions May be Made Contributions for this work' may be made by: (1) Direct Gift. (2) A 33-months' Pledge Payable Monthly. (3) Bequests or Wills. (4) Purchase of Insured Annuities. . Direct Giving Direct giving to the Institute is .divided into the following classifications: occa sional donations, 33-months' pledges, in dividual pledges, pledges under the Biola Honor Roll plan (regular monthly contributions of any stated amount), and Contract Giving, under which last head may be included the transfer of property to the Institute, real or per sonal, during the lifetime”of the donor, in the form of an executed gift, which passes to the Institute upon the giver's death. Under this last plan, many have relieved themselves of the care of prop erties while retaining the income during their lifetime. Bequests Under Wills The Institute maintains a staff of train ed field representatives who are experts in giving advice in estate matters. The Institute's attorney will, upon request, prepare wills or trusts under wills that adequately will meet the- need of the individual donor. Insured Annuities The Institute is now offering what ex perience has proved- to be the safest form of money investment on earth in the form of insured annuities, under the terms of which a liberal rate of interest is paid during the lifetime of the annu itant. All of the Institute's annuities is sued under this provision will be insur ed by the strongest and safest of the American life insurance companies, a feature not offered by many institutions in the United States. Co-ordination of Efforts The purpose of the "Go Forward" Campaign is to co-ordinate the efforts of the various departments of the Insti tute and to organize the benefactions of the school's friends in such a way that
the economical operation of the Institute may be assured for the future. Work of Biola The Bible Institute of Los Angeles has existed as an organized Christian work for more than a quarter of a century. During this period it has given training to more than 15,000 students. Several hundreds of these have become mission aries, pastors, evangelists, or other full time Christian workers, while nearly all, we believe, have exerted a spiritual in fluence in the life of their respective communities. In addition to its American labors, the Bible Institute of Los Angeles carries on an extensive mission work in China through the Hunan Bible Institute, lo cated in the populous Chinese city of Changsha, in Hunan Province, from which a number of evangelistic bands radiate, doing house-to-house visitation in the more remote sections of this teem ing Chinese area. Including Biola's Chinese work, its correspondence school, and its day and evening schools, it is estimated that more than 1,000 present students and their instructors are among those who are most vitally affected by the Insti tute's program of extension. Biola "Go Forward" Campaign The Bible Institute of Los Angeles, Inc. I hereby subscribe to the BIO LA "G O FO RW A RD " C A M PA IG N and agree to give □ monthly $— ------------------ ........ □ quarterly □ semiannually □ annually for thirty-three months until the total of $...........— , has been paid. I am enclosing $-------- to apply on this gift and pledge. (Can be paid as addition to existing Honor Roll Pledge if desired.) N a me.................... ........................... ....... . Add ress............................. ...._____ ______ ____ Enroll me in the divisions ’¡checked Honor Roll □ Friend of Institute □ Present student □ Cor™sug °^ enco Former student □ China donor O 558 South Hope Street Los Angeles, California Dear Friends:
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