Family’s estate gives $3 million to Creston parish, school
February 24th, 2015 by Ric Hanson
CRESTON, Iowa (AP) – A family’s estate has donated more than $3 million to a Catholic parish and school in Creston after the last of nine siblings died and their farmland was sold. The Creston News Advertiser reports) that after Irene Pesik died in September 2012 at age 93, the 440 acres her family had owned was put up for sale. It sold for just over $3 million in January.
The money was split between Holy Spirit Parish and the St. Malachy Foundation, which funds the St. Malachy School. A committee that represents the parish and foundation agreed to invest the money with a goal of only spending the interest. None of the nine Pesik siblings married or had children.
Plaques to honor the family will be installed at the parish and school.