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Ed Ozias leaves almost million dollars to many charities

Edward Ozias, last direct descendant of the Stork Brothers produce family, left $929,000 to 19 charities through a trust arrangement, insurance policies and annuities, according to probate papers filed Thursday in Brown County Court.

Ozias died March 19 at his home at the age of 61. He had worked as a bookkeeper for his mother and his uncles, August and Albrecht Stork, at Stork Brothers, Minnesota’s oldest produce business, long a landmark on S. German.

Born in Tyler to Ida Stork Ozias and Edward Hudson Ozias, the young Ozias came to New Ulm in 1916 and always lived at his mother’s parental home at 412 S. Washington.

Ozias left a trust of $855,196 in stocks, bonds, land, savings and cash. He directed the net income should be divided each year among 14 charities.

Insurance policies he took out paid a total of $62,066 upon his death to seven charities. Annuities totalling $12,193 were payable upon his death to four charities.

The $855,196 left in trust would produce a gross income of approximately $51,000 per year at six per cent interest; costs of the trust would have to be subtracted before the income was distributed.

The net income of the trust is to be used to provide $1,000 annually to each of three schools, Martin Luther Academy of New Ulm, Cathedral High School of New Ulm and New Ulm High School, to be used to provide a scholarship for a needy graduating senior boy at an accredited vocational school. The principal of each school is to select and head a committee to choose recipients. The money is to be spent for tuition, books, board and room or maintenance of a reasonable standard of living at or near the vocational school. The money shall be known as the “Edward M. Ozias Scholarship Fund.”

After payment of the scholarship money the balance of the net income of the trust is to be divided as follows:

1.United Church of Christ, New Ulm, 10 per cent of income. (If merger of Friedens United Church of Christ, New Ulm, and First Congregational Church, New Ulm, ceases, the 10 per cent is to be divided equally among all churches existing in New Ulm at time of Ozias’ death, regardless of faith or creed.)

2. Brown County Boy Scouts, five per cent.

3. Salvation Army of Minneapolis, 15 per cent.

4. Salvation Army of St. Paul, 15 per cent.

5. Boy Scouts of Minneapolis, 10 per cent.

6. Boy Scouts of St. Paul, 10 per cent.

7. Camp Courage of Minnesota, five per cent.

8. American Friends Service Committee, Philadelphia, Pa.,10 per cent.

9. Y.M.C.A., New York, N.Y., for world service, 10 per cent.

10. Biloxi Back Bay Mission, Biloxi, Miss., five per cent.

11. Bensenville Home of Bensenville, Ill., five per cent. The insurance policies favored the following charities in the following amounts:

Union Hospital, $9,100; United Church of Christ, $18,341 (already published in Journal article of June 14); Salvation Army, Minneapolis, $12,002; Viking Council, Boy Scouts of America, Minneapolis, $8,040; Indian Head Council, Boy Scouts of America, St. Paul, $5,030; Minnesota Chapter of Arthritis and Rheumatism Foundation, $4,775; American Heart Association,Minneapolis, $4,775.

The annuities and deposits went to the following charities in the following $4,618 to Loretto Hospital, New Ulm; $1,134 to the Bensenville Home, Bensenville, Ill.; $5,211 to the American Cancer Society; $1,229 to the Biloxi Back Bay Mission,Biloxi,Miss.

Ozias created the trust July 24, 1968, transferring all his assets to it. It provided for retention of income by Ozias until his death. First National Bank of Minneapolis and a relative of Ozias are co-executors of the trust.

Personal property valued at $5,577 was left to a relative as was an insurance policy paying $17,161.

New Ulm Daily Journal,

July 17, 1973

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