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America's Richest School Serves Low-Income Kids. But Much Of Its Hershey-Funded Fortune Isn't Being Spent.

Photo illustration by ProPublica; source image: Milton Hershey School, MHS 2018 IRS Form 990
Long ago, and to great fanfare, business tycoon Milton Hershey revealed that he had given away his world-famous chocolate company, a gift to the school for poor orphans that he had founded with his wife.
“Well, I have no children that is, no heirs,” he said in 1923. “So I decided to make the orphan boys of the United States my heirs.”
Hershey died in 1945, leaving a huge estate and a company that would grow to sell more than 250 million candy bars a year. His generosity, however, has created a dilemma for the Milton Hershey School that many charities would envy: too much money. ....

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America's Richest School Serves Low-Income Kids. But Much of Its Hershey-Funded Fortune Isn't Being Spent. — ProPublica

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Hershey died in 1945, leaving a huge estate and a company that would grow to sell more than 250 million candy bars a year. His generosity, however, has created a dilemma for the Milton Hershey School that many charities would envy: too much money. ....

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Boards Of Hershey Trust Company And Milton Hershey School Announce Newly Elected Chairman And Vice Chairman

Boards Of Hershey Trust Company And Milton Hershey School Announce Newly Elected Chairman And Vice Chairman
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HERSHEY, Pa., Dec. 11, 2020 /PRNewswire/ The Hershey Trust Company Board of Directors and the Milton Hershey School Board of Managers announced the election of Diane Koken as Chairman and Maria Trinh Kraus as Vice Chairman, effective today.
Ms. Koken was appointed to the Hershey Trust Company Board of Directors and the Milton Hershey School Board of Managers in 2016 and has expertise in legal, regulatory matters, insurance, governance, and risk management.
(PRNewsfoto/Milton Hershey School,Hershey Trust Company) ....

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