hershey the... · • milton hershey transferred his wealth, valued at $60 million, to school trust...

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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