The Malmsten Fund
A pioneer in the early development of JC Penney stores, Lincoln resident and philanthropist Carl "CJ" Malmsten established a trust to support various charitable organizations. Following his death in 1958, the trust provided an annual gift to the Nebraska Presbyterian Foundation for 20 years to supplement the pensions of Nebraska Presbyterian pastors, or their surviving spouses, who had served congregations in Nebraska and demonstrated financial need.
By 1980, the Malmsten Trust had concluded, and the remaining funds held by Nebraska Presbyterian Foundation were invested. Using the income generated from these investments, the Foundation's board chose to honor CJ Malmsten's legacy by making annual gifts to retired Presbyterian pastors, or their surviving spouses, who had served Nebraska congregations. In 2017, the sale of the Clark Jeary Retirement Community enabled the Foundation to further strengthen this commitment by dedicating a portion of the proceeds to the Malmsten Fund.
A retired PCUSA pastor, or surviving spouse, who served as an installed pastor of a Nebraska church is eligible to receive a gift from this fund. For questions or to apply for the Malmsten Fund, click here.
CJ & Salina Malmsten (photo courtesy of Sally Malmsten Kracl, granddaughter)
Carl "CJ" Malmsten (photo courtesy of Sally Malmsten Kracl, granddaugher)
