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The trust was created in 1909 by a deed of trust from Milton and Catherine Hershey, granting 486 acres (197 ha) of land in Hershey for the establishment of the Milton Hershey School. [22] [23] In 1918, Milton Hershey quietly donated to the trust the bulk of his fortune, $60 million of stock in Hershey Chocolate Company (now the Hershey Company ...
Milton S. Hershey, creator of The Hershey Company, was a chocolate industrialist and had founded the town of Hershey, Pennsylvania. [8] On November 15, 1909, [9] he and his wife, Catherine Hershey, signed over a 486-acre (1.97 km 2) piece of farmland, forming the Hershey Industrial School. [10]
The foundation supplies funding for three entities: the Hershey Museum and Hershey Gardens, the Hershey Theatre and the Hershey Community Archives. The founding of the Penn State Milton S. Hershey Medical Center occurred in 1963 when the board of the trust went to the Dauphin County Orphans Court with the cy-près doctrine ( cy près is a ...
To quote the Hershey Trust Company: "Today, Hershey Trust Company stands alone as being the same company doing business in the same town for one hundred years. And their unique ownership structure ...
American entrepreneur Milton S. Hershey was born in a Mennonite community in Derry Township, Penn., on this day in history, Sept. 13, 1857. He built the iconic Hershey chocolate brand.
The Milton S. Hershey Mansion, also known as High Point, is a historic house at 100 Mansion Road East in Hershey, Pennsylvania. Built in 1908, it was the home of Hershey Chocolate founder Milton S. Hershey (1857-1945) from 1908 until his death. [ 3 ]
One important but often overlooked key is the company's relationship with The Hershey Trust, which basically controls all of Hershey's super-voting class B stock. That gives the charitable trust a ...
The Hershey Company was founded by Milton S. Hershey in 1894 as the Hershey Chocolate Company, originally established as a subsidiary of his Lancaster Caramel Company. The Hershey Trust Company owns a minority stake but retains a majority of the voting power within the company. [6] Hershey's chocolate is available in 60 countries. [7]