hershey the... · • milton hershey transferred his wealth, valued at $60 million, to school trust...
TRANSCRIPT
MILTON HERSHEY
SCHOOL TRUST
THE
M.S. HERSHEY
FOUNDATION
(non-profit)
MILTON S.
HERSHEY
TESTAMENTARY
TRUST
(non-profit) HERSHEY TRUST
COMPANY (100% owned)
THE HERSHEY COMPANY (31% Stock Ownership – 72% Interest)
HERSHEY ENTERTAINMENT
AND RESORTS (100% Owned)
Hersheypark, Hersheypark Stadium, Giant
Center, Hershey Bears, Hersheypark Arena,
Star Pavilion, ZooAmerica, Hershey Hotel,
Hershey Spa Hershey Lodge & Convention
Center, Cocoa Beanery, Hershey Nursery,
Hershey Dry Cleaning, Hershey Country
Club, Spring Creek Golf Course,
Hersheypark Camping Resort
Real Estate Management Land Holdings
Lease & Rental Properties
Retail Property Management
HERSHEY THEATRE (Managed by Hershey
Entertainment & Resorts)
THE HERSHEY
STORY Museum on Chocolate Avenue
HERSHEY GARDENS
HERSHEY
COMMUNITY
ARCHIVES
DERRY TOWNSHIP
SCHOOL SYSTEM MILTON HERSHEY
SCHOOL Founded 1909 Enrollment 1,960+
Over 10,000 Acre Campus
165+ Student Homes
Instructional Centers •Memorial Hall
•Catherine Hall
•Senior Hall
Founders Hall • Administrative Offices
• Visitors’ Reception Area
• Chapel - Auditorium
HERSHEY TRUST
COMPANY
Trustee
MILTON HERSHEY
SCHOOL
(non-profit)
MILTON S. HERSHEY
MEDICAL CENTER,
PENN STATE
UNIVERSITY Founded: 1963
Donation from M.S. Hershey
Foundation
$50 Million
550 Acres of Land
& $21 Million in Federal &
State Grants
CHOCOLATETOWN
SQUARE (Park)
Hershey Trust Company • Founded in 1905
• Severed as the town’s bank 1905-1925 until Hershey National Bank established
• Became the Hershey Trust Company in 1909
• Governed by the Hershey Trust Company Board of Directors
Milton Hershey School Trust • Established in 1909; originally endowed with 486 acres of land
• Milton Hershey transferred his wealth, valued at $60 million, to School Trust fund in 1918
• Mission to fund the Milton Hershey School in perpetuity
• Current valuation approximately $10 - $12 billion
• Governed by the Milton Hershey School Board of Managers
The M.S. Hershey Foundation • Established in 1935
• Originally funded with 5,000 shares of Hershey Company stock, valued at $80 each, or $400,000
• Promote the arts, culture and education interests of the community
• Current valuation approximately $40 million
• Governed by The M.S. Hershey Foundation Board of Managers
Milton S. Hershey Testamentary Trust • Established in 1945, upon Milton Hershey’s death
• Original endowment: approximately $900,000, producing $27,000 in annual beneficiary revenue
• Supports the local public educational system in Hershey, PA
• Current valuation approximately $32 million
• Provides approximately $1.8 million annually to Derry Township School District (~5% of their budget)
• Trust fund managed by the Hershey Trust Company