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"Where You Come First" • K osms Uptown Southfield Rd. at 11 1/2 Mile • 559-3900 Big & Tall Southfield at 101/2 Mile • 569-6930 Call Us For FAIR PRICES • CUSTOM DESIGN • QUALITY INSTALLATION • 50 FREE HANGERS with each order • I set per household 356-2830 70 FRIDAY. OCTOBER 28. 1988 Junk Bond King Milken Supports Jewish Causes TRENDS FALL FASHIONS ARRIVING DAILY APPLEGATE 352-4244 os Angeles — Michael Milken, the Los Ange- les financier who has parlayed his mastery of junk bond marketing into an estimated personal fortune of $800 million, has applied the same Midas touch to charities benefitting a wide range of local Jewish, Israeli and other institutions. Milken's pioneering skill in marketing high-yield, high- risk debt securities has enriched numerous clients and the same junk bonds have also fueled the charitable foundations established by Milken and his family, according to a detail- ed analysis by the Los Angeles Times, based on statements filed with the California State Registry of Charitable Trusts. Between 1982 and the end of 1987, the Times reported, Milken and his family gave $158 million to three charitable foundations he founded, the Capital Fund Foundation, the M. and L. Milken, Foundation and the Milken Family Foundation. Starting with a modest $500,000 contribution to these foundations in 1982, the figure rose to almost $93 million in 1987. During the same five-year period, the foundations disbursed $13,677,000, which still left them with assets of over $183 million by the end of last year. The top beneficiary among some 200 organizations has been Stephen S. Wise Temple, a Reform congregation where Michael and his brother Lowell worship, which- re- ceived more than $2 million. The Jewish Federation Coun- cil of Greater Los Angeles got $1.5 million, in addition to a private $5 million donation by the Milkens to help establish the Bernard Milken Jewish Community campus in the San Fernando Valley, where Michael grew up and still resides. Lesser sums went to Valley Beth Shalom, a Conservative temple, and the Simon Wies- enthal Center. Israeli institutions have also benefitted. Earlier this - month, Milken was honored at a dinner by supporters of Yad Vashem, the Holocaust Memorial Authority in Jerusalem, to which his foun- dations have contributed $400,000. Other Israeli beneficiaries are said to include the Hebrew, Tel Aviv and Ben- Gurion universities, Tel Aviv Foundation, and the Tel Hashomer and Shaarey Zedek hospitals. Some 40 percent of dis- bursements by the three foun dations has gone for general and Jewish education, reflect- ing Milken's personal in- terest. These include million- dollar donations to Milken's alma maters in California and Pennsylvania, a series of teacher incentive awards, and a school in Ariel, the Samaria settlement. Other recipients of Milken's largess range from cancer research, museums and the National Indian Youth Coun- cil to Mothers against Drunk Driving and the American Civil Liberties Union. The 42-year old Milken has been charged in a civil suit by the Securities and Exchange Commission with massive stock manipulation and fraud and has been put on notice by the federal government that he may soon face criminal charges as well. Identical charges have been leveled against his employer, the in- vestment banking firm of Drexel Burnham Lambert. One-Legged Stork Lands Tel Aviv (JTA) — A one- legged stork, on its annual flight from the approaching winter in Europe to the warmer climates of Africa crash-landed in Israel re- cently. Officials and bird watchers of the Nature Reserves Authority had seen the bird, apparently missing one leg, flying with its flock. Bird watchers throughout Israel were immediately in- structed to be on the lookout for the injured bird and report its landing. A group of observers saw it crash-land and watched as it keeled over, unable to fly again or barely move. They took the bird to a kib- butz in the Galilee which has an animal and bird support center, where the stork was outfitted with an artificial leg made of wood and plaster. The stork is now taking off and landing normally, but is being kept in a nature preserve in the kibbutz for fear it might not survive in the wild.