[5] In 1969, he sold the struggling newspapers to Berkshire Hathaway, led by Warren Buffett, but remained there, as president and publisher.
[5][6] In 1972, the staff of the Sun Newspapers won the John Hancock Award for Excellence in Business Writing, and the Pulitzer Prize for Local Investigative Specialized Reporting, for their series of stories about Boys Town, which led to reforms of the organization.
[9] Berkshire sold the Sun in 1980 and publication ceased three years later, after a legal battle with their competitor, the Omaha World-Herald.
However, the real story that captures Lipsey’s life is his legacy of philanthropy that continues to move Buffalo forward today.
The Desert Sun[19] published an extensive list of board memberships in his obituary, as shown below: "Lipsey served on the boards of the American Newspaper Publisher Association, Artpark & Company, Buffalo Niagara Partnership, Buffalo Philharmonic Orchestra Board, Buffalo State College Foundation, Business Council of New York State, Canisius College, Greater Buffalo Development Foundation, Jewish Foundation of WNY, Junior League Decorator Show House, Korean War National Museum, Marine Midland Bank, Martin House Restoration Corporation, National Conference of Christians and Jews, National Multiple Sclerosis Society, Nebraska/Iowa Chapter, Newspaper Advertising Bureau, Richardson Restoration Corporation, Roswell Park Comprehensive Cancer Center Community Council, the University of Buffalo Foundation, and the Guide Dogs of the Desert in Palm Springs, CA, that led to the adoption of his loyal dog, Linus.
"[22] His death was memorialized in a tribute to his life and contributions to the community by members of the New York State Senate in a NY Senate Resolution: "Mourning the death of Stanford Lipsey, veteran, philanthropist, Pulitzer Prize acclaimed publisher and former publisher of the Buffalo News.