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Colorado Springs Gazette Telegraph Newspaper Archives May 31 1986, Page 5

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Colorado Springs Gazette Telegraph (Newspaper) - May 31, 1986, Colorado Springs, Colorado I saturday May 31,1986, Gazette Telegraph a a As millionaire spreads the riches at least 200 groups share Many a wealth Newark no. A multimillionaire Adolphe j. Sipporta says he does no to know How much Money he has or How much he has Given away but at least 200 charities know about his generosity. The 80-year-old philanthropist a widower with no children who lives with two dogs and 14 cats has even offered his Paramus Home As a _ hospice to the Hackensack medical Center. A fall of the Money in be Given a i done to know. Its immaterial. I will continue to do it to my dying Day a he said during a Telephone interview Friday. A fall of my life the Quality of what i have done is the same. A the Quantity has expanded like the rings around a Penny on a aside from his frequent Large gifts Sipporta said he annually sends $25 each to an a entire alphabet of groups from an alzheimer a disease foundation to Vietnam veterans. His main interest is animal welfare with 35 humane societies on his list. Five major humane societies Are among the charities to which he has requested his estate. Sipporta was born in new York City the son of italian immigrants. After dropping out of High school he said he had to jobs in to years. During the depression he took Over a milk delivery route and turned it into a booming business. He later bought an automobile Dealership and began speculating in real estate. Sipporta has Given $300,000 to the Lahey clinic medical Center in Burlington mass., in the last several years bringing his total contributions to the clinic to about $500,000, he said. Lahey May have received the most from Sipporta but a right now the largest gift in be Ever Given is my service my whole life a he said. Since stories about Sipporta have appeared recently in the Hackensack record and the new York times he said his phone has been ringing non Stop from 7 . To 1 30 . With requests. How does he decide a i glean like the bees do in All the Beautiful Flowers where the Best nectar frugal clerk leaves $1.5 million estate Winona Minn. Apr a High school dropout who never was paid More than $11,970 in 47 years As a court clerk bequeathed More than $1.3 million to two colleges from an estate valued at $1.5 million. Joe Page earned his Money through a frugality Good investments and the fact that he was constantly employed a said Joe Fleischman director of development at St. Mary a College and a confidante of Page during the last few years. A childless widower who died last september to Days Short of his 91st birthday Page bequeathed $884,000 to St. Mary a and $456,000 to the College of St. Teresa both in Winona. A the just thought the Catholic schools Here did Good work for the Community and ought to be supported a Fleischman said. The rest of the Money will go to 17 charities and a few friends. After dropping out of the Winona Normal school after one year Page won 12 straight elections to the District court clerkship in Winona and headed Community organizations ranging from the old settlers society to the elks club to the City Bowling association. Fleischman said wednesday that 60 percent of the estate was in tax free Minnesota municipal Bonds while another Large portion was in Texaco Stock Page bought at $2 a share in the 1930s. Fifty years later Texaco Stock Sells at More than $32 a share and Page s holdings amounted to $77,000 when he died Fleischman said. A the studied the Bond Market very carefully a Fleischman said. A the was a meticulous record keeper. He could determine his net Worth at any time simply by study the Wall 8treet journal for so ing the a the never threw his Money i mind said Gertrude Miller who was Page s Deputy for is years. Miller said the two things Page liked Best were work and Bowling. Seen before is death Page had built a reputation for philanthropy. His lifetime gifts to St Mary a touted $40,000, Fleischman said Goslins Mzx Chapel Hills mall 528-1500 a s4turd4y open today 9 30-9 33% off 5.99-11.99 15%-20%off 5.99-9.99 20%-33%off 25%-40%off req. $19-$34 misses related Catlin a separates now $14-i $25 req. 68-615 misses ribbed tank tops print shorts. Contemporary sportswear req. 10.99-16.99 or. Print tanks and twill shorts. Req. $8-$14 big City woman to tops and Cool shorts. Req. $36-$50 misses top name swimwear Quot coverups Orio. 624-830 famou8 name swimwear por Young hrs. 3 for 2.50 Reg. 1.29 each. 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