The Malmsten Fund
During their lifetime, Lincoln residents Carl “CJ” and Salina Malmsten established a trust from which funds could be gifted to charitable organizations. After their deaths, the trust provided a gift to the Nebraska Presbyterian Foundation who in turn established the Malmsten Fund. The purpose of the fund was for the interest be used to supplement pensions of Presbyterian pastors, or their surviving spouse, who had served churches in Nebraska. Years ago, salaries and pensions were small in comparison to needs.
By 1980 the principal balance of the fund had been depleted. The amount remaining was reinvested and the board chose to follow the wishes of the Malmsten’s by giving an annual gift from the fund to retired Presbyterian pastors who served a congregation in Nebraska. In addition, the sale of Clark Jeary Retirement Community in 2017 has allowed the Foundation to dedicate 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.