For over a year, lawyer Bob Heist, then-chairman of the Milton Hershey Schoolâs board, says he sought internal financial records detailing the spending history of the $17 billion charity, which has a mission to educate low-income students for free.
He now says he is being denied records he needs as a board member charged with overseeing the Pennsylvania boarding schoolâs operations, and earlier this month he sued the school to obtain the documents. Itâs an extremely unusual step for a sitting board member, taken against an extremely unusual institution: The Milton Hershey School is the wealthiest precollege educational institution in the United States. It controls 80% of the Hershey Co. candy giantâs voting shares, and reaps profits from the sale of Hershey chocolate bars, Reeseâs Peanut Butter Cups, and SkinnyPop-brand snacks sold in thousands of U.S. retail stores.
Hershey Profits Fund $17 Billion Endowment for Nonprofit School, but Board Member Says It Won t Let Him See Financial Records — ProPublica
propublica.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from propublica.org Daily Mail and Mail on Sunday newspapers.
Board member sues powerful Milton Hershey School, claims he s being denied financial records
pennlive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pennlive.com Daily Mail and Mail on Sunday newspapers.