Hershey Trust Company
United States corporation / From Wikipedia, the free encyclopedia
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The Hershey Trust Company is an American corporation incorporated on April 28, 1905, by Milton S. Hershey, Harry Lebkicher and John E. Snyder. The Hershey Trust Company serves as the Trustee of the Milton Hershey School Trust, The M.S. Hershey Foundation and the Hershey Cemetery Perpetual Care Maintenance Trust and focuses its business solely on these trusts, to advance the legacy of Milton and Catherine Hershey in perpetuity through excellence in asset management and trust administration. The Hershey Trust Company is a Pennsylvania-chartered trust company regulated by the PA Department of Banking and Securities.
Company type | Private |
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Industry | Trust Administration, Investment, Real Estate |
Founded | April 28, 1905 (119 years ago) (1905-04-28) in Hershey, Pennsylvania, U.S. |
Founders | Milton S. Hershey Harry Lebkicher John E. Snyder |
Headquarters | , U.S. |
Key people | Maria T Kraus, Board Chair[1] |
Website | hersheytrust.com |
The company is the controlling shareholder of The Hershey Company and sole private owner of Hershey Entertainment and Resorts Company. The Milton Hershey School Trust provides the funding for the 2,000+ student Milton Hershey School.
The trust company manages the $21.0 billion USD (2021) endowment of the Milton Hershey School Trust. The income from these assets are used to fund the Milton Hershey School and its subsidiaries. The school provides education for lower-income children.[2][3][4]