Participants in the May Institute encouraged Moody to found a school to train young people for evangelism to carry on the Christian revival tradition.

"[5][6] As a result of this meeting, held at Farwell Hall, the group founded the Chicago Evangelization Society for the "education and training of Christian workers, including teachers, ministers, missionaries, and musicians who may completely and effectively proclaim the gospel of Jesus Christ."

James M. Gray, the president of the school, invited Henry Parsons Crowell to financially restructure the institute.

After several female students complained of being denied access to the then-male-only pastoral ministry program, the institute changed its policy in 2016.

[8] However, communications instructor Janay Garrick, who helped the students file Title IX complaints, found that her employment contract would not be renewed at the end of 2017.

MBI argued that her "views on gender equity (which the college was aware of when she was hired) made her incompatible with the school."

"[9] MBI engaged Grand River Solutions to review its Title IX compliance and make recommendations for change.

[10] In November 2017, the institution announced the closure of its campus in Spokane, Washington and reductions in other programs and services in response to continued drops in enrollment.

[32] In 1926, the Institute expanded its reach beyond education and publishing by sponsoring the first non-commercial Christian radio station in America, WMBI-AM (now WXES).

[31] Over time, MBI's radio outreach grew to the Moody Broadcasting Network, which now owns and operates 36 commercial-free stations and provides programming via satellite to more than 700 outlets.