The Committee of Twenty-Five grew out of the meeting and first convened on October 29, 1954, with representatives of the same Lutheran church bodies sitting on the committee. They studied and developed plans while drafting the Articles of Incorporation, which received preliminary approval. The Articles of Incorporation were to be signed on April 20, 1957, but the signing was delayed due to disagreements over whether the college should be governed by a local or national board. Another meeting was held on May 25, 1957, in Chicago, Illinois, but no agreement was reached. A charitable foundation known as California Lutheran Educational Foundation (CLEF) was established on June 4, 1957, with the purpose of gathering funds for the college. Office facilities for the foundation were rented in the First National Bank Building on the corner of Hollywood Boulevard and Highland Avenue in Hollywood. Dr. Raymond Olson, the director of stewardship for the ELC and later president of the college, was helping to analyze potential fundraising and financing policies for Gaylerd Falde. The ELC had not established a college since 1903 and an important task was to enlist the participation of the five different national and local Lutheran judicatories. Ethel Beyer was the foundation's administrative assistant, while Rev. William J. Hanson was the Public Relations Director.