Financial Information
How the Institute is Financed
Trusting the Lord With Our Finances
The original owner of the property where IBLP is headquartered was skeptical about the reality and power of God, until an unsolicited letter was sent to IBLP by one who had no idea of the Institute’s need for funds to purchase the property.
This letter contained a gift for the exact amount of the purchase price.
Hundreds of similar examples have occurred since the Institute ministry began.
During his high school years, Bill memorized and meditated on Scripture passages regarding finances. Through these Scriptures, the Lord motivated him to give the carefully saved money in his bank account to God’s work.
The Lord also encouraged Bill to trust Him to provide for needs through jobs or special answers to prayer. Further challenged by George Mueller’s life and faith, Bill established the following guidelines for the Institute in Basic Life Principles:
- Trust God to provide operating funds rather than soliciting contributions.
- Do not borrow money or start projects without sufficient funds in hand.
- Return gifts that donors have indicated is tithe money, encouraging him or her instead to tithe to the local church.
Financial Profile Overview
- Incorporated in 1961
- Not-for-profit organization
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Funds received from:
- Seminar tuition fees
- Publications sales
- Unsolicited gifts
- More than 200 paid staff members
- More than 1,000 volunteer staff members
- Member of the Evangelical
Council for Financial Accountability
- Audited annually by the public accounting firm
LWBJ
