Hershey's is a name synonymous with chocolate and confectionery. For over a century, the company has been producing some of the world's most beloved treats. But who exactly owns this iconic brand? The answer might surprise you.
Hershey's is not owned by a single individual or family, but by a trust. The Hershey Trust was established in 1909 by Milton S. Hershey, the founder of the Hershey Chocolate Company. The trust's mission is to provide support for the Milton Hershey School, a school for orphaned and disadvantaged children that Hershey founded in 1909.
The Hershey Trust is a complex and unique entity. It is a charitable trust, but it also owns and operates a for-profit business. The trust's investments include not only Hershey's but also other companies, such as Hersheypark, the Hershey Entertainment & Resorts Company, and the Hotel Hershey. The trust also provides funding for a variety of educational, cultural, and social programs in the Hershey area.
Who Owns Hershey's?
Hershey's is not owned by a single individual or family, but by a trust.
- Hershey Trust: Owns and operates Hershey's.
- Founded in 1909: By Milton S. Hershey.
- Mission: Support Milton Hershey School.
- Complex Entity: Charitable trust and for-profit business.
- Investments: Hershey's, Hersheypark, Hotel Hershey.
- Funding: Educational, cultural, social programs.
- Hershey Area: Location of programs.
- Milton S. Hershey: Founder of Hershey Chocolate Company.
The Hershey Trust is a unique entity that uses its profits from Hershey's and other investments to support the Milton Hershey School and a variety of educational and community programs in the Hershey area.
Hershey Trust: Owns and operates Hershey's.
The Hershey Trust is a charitable trust established in 1909 by Milton S. Hershey, the founder of the Hershey Chocolate Company. The trust's mission is to provide support for the Milton Hershey School, a school for orphaned and disadvantaged children that Hershey founded in 1909. However, the trust also owns and operates Hershey's, the iconic chocolate and confectionery company.
The Hershey Trust's ownership of Hershey's is unique in the world of business. Most companies are owned by individuals, families, or corporations. However, Hershey's is owned by a trust that is dedicated to supporting a school for children in need. This structure ensures that Hershey's profits are used to make a positive impact on the world.
The Hershey Trust's ownership of Hershey's also gives the company a long-term perspective. The trust is not interested in short-term profits or quarterly earnings reports. Instead, the trust is focused on the long-term success of Hershey's and its ability to continue to support the Milton Hershey School.
The Hershey Trust's ownership of Hershey's has been beneficial for both the company and the school. Hershey's has been able to grow and prosper under the trust's stewardship, and the school has been able to provide a high-quality education to thousands of children in need.
The Hershey Trust's ownership of Hershey's is a unique and successful model for corporate philanthropy. The trust has been able to use the profits from Hershey's to make a significant difference in the lives of children in need, while also ensuring the long-term success of the company.
Founded in 1909: By Milton S. Hershey.
The Hershey Trust was founded in 1909 by Milton S. Hershey, the founder of the Hershey Chocolate Company. Hershey was a self-made man who started his career as a candy maker in Lancaster, Pennsylvania. In 1894, he moved to Hershey, Pennsylvania, and founded the Hershey Chocolate Company. The company quickly became successful, and Hershey soon became one of the wealthiest men in America.
- Early Life and Career:
Hershey was born in 1857 in Derry Township, Pennsylvania. He started his career as a candy maker in Lancaster, Pennsylvania, in 1876.
- Hershey Chocolate Company:
In 1894, Hershey moved to Hershey, Pennsylvania, and founded the Hershey Chocolate Company. The company quickly became successful, and Hershey soon became one of the wealthiest men in America.
- Philanthropy:
Hershey was a generous philanthropist who donated millions of dollars to various causes, including the Milton Hershey School, which he founded in 1909.
- Legacy:
Hershey died in 1945, but his legacy lives on through the Hershey Trust and the Milton Hershey School. He is remembered as one of the great American philanthropists.
Milton S. Hershey was a visionary entrepreneur and philanthropist who made a significant impact on the world. His founding of the Hershey Trust and the Milton Hershey School has ensured that his legacy will continue to benefit children in need for generations to come.
Mission: Support Milton Hershey School.
The Hershey Trust was founded with the mission of providing support for the Milton Hershey School, a school for orphaned and disadvantaged children. Milton Hershey founded the school in 1909, and it has since become one of the most prestigious boarding schools in the United States.
The Hershey Trust provides financial support for the Milton Hershey School, which covers the cost of tuition, room and board, and other expenses for all students. The trust also provides funding for the school's academic programs, extracurricular activities, and capital improvements.
In addition to financial support, the Hershey Trust also provides governance and oversight for the Milton Hershey School. The trust's board of directors is responsible for setting the school's policies and ensuring that it is fulfilling its mission.
The Hershey Trust's support for the Milton Hershey School has made a significant difference in the lives of thousands of children. The school provides a high-quality education and a nurturing environment for children who might not otherwise have the opportunity to succeed.
The Milton Hershey School is a shining example of Milton Hershey's philanthropy and his commitment to helping children in need. The Hershey Trust's support for the school ensures that Hershey's legacy will continue to benefit children for generations to come.
Complex Entity: Charitable trust and for-profit business.
The Hershey Trust is a complex entity that is both a charitable trust and a for-profit business. This unique structure allows the trust to use the profits from its for-profit businesses to support its charitable mission.
The Hershey Trust's for-profit businesses include Hershey's, Hersheypark, the Hershey Entertainment & Resorts Company, and the Hotel Hershey. These businesses generate billions of dollars in revenue each year, which the trust uses to support the Milton Hershey School and other charitable programs.
The Hershey Trust's dual structure allows it to have a positive impact on the world in two ways. As a charitable trust, it provides financial support for the Milton Hershey School and other educational and cultural programs. As a for-profit business, it creates jobs and generates revenue that can be used to support the trust's charitable mission.
The Hershey Trust's complex structure is a model for other charitable organizations that are looking to use their resources to make a difference in the world.
The Hershey Trust's success is a testament to the vision of Milton S. Hershey. He created a unique and innovative structure that allows the trust to use the profits from its for-profit businesses to support its charitable mission. The trust's work has made a significant difference in the lives of thousands of children and families, and it will continue to do so for generations to come.
Investments: Hershey's, Hersheypark, Hotel Hershey.
The Hershey Trust's investments include Hershey's, Hersheypark, the Hershey Entertainment & Resorts Company, and the Hotel Hershey. These businesses are all located in Hershey, Pennsylvania, and they are all part of the Hersheypark entertainment complex.
Hershey's is the largest chocolate manufacturer in North America and one of the most iconic brands in the world. The company produces a wide range of chocolate products, including candy bars, chocolate chips, and cocoa powder.
Hersheypark is a large amusement park that features rides, shows, and attractions for all ages. The park is open seasonally from April to October.
The Hershey Entertainment & Resorts Company operates a variety of hotels, restaurants, and other businesses in the Hershey area. The company also owns and operates the Giant Center, a sports and entertainment arena.
The Hotel Hershey is a historic hotel that is located in the center of Hershey, Pennsylvania. The hotel offers luxurious accommodations and a variety of amenities, including a spa, a golf course, and several restaurants.
The Hershey Trust's investments in Hershey's, Hersheypark, the Hershey Entertainment & Resorts Company, and the Hotel Hershey are all part of its mission to support the Milton Hershey School and other charitable programs. The trust uses the profits from these businesses to provide financial support for the school and to fund a variety of educational, cultural, and social programs in the Hershey area.
Funding: Educational, cultural, social programs.
The Hershey Trust uses the profits from its investments to fund a variety of educational, cultural, and social programs in the Hershey area. These programs include:
- Milton Hershey School:
The Milton Hershey School is a private, co-ed boarding school for students from pre-kindergarten through grade 12. The school provides a high-quality education to students from low-income families and families in crisis.
- Scholarships:
The Hershey Trust provides scholarships to students from the Hershey area who are attending college or vocational school.
- Cultural Programs:
The Hershey Trust supports a variety of cultural programs in the Hershey area, including the Hershey Symphony Orchestra, the Hershey Theatre, and the Hershey Museum.
- Social Programs:
The Hershey Trust supports a variety of social programs in the Hershey area, including food banks, homeless shelters, and after-school programs.
The Hershey Trust's funding of educational, cultural, and social programs has made a significant difference in the Hershey area. The trust's programs have helped to improve the quality of life for residents of the area and have made it a more vibrant and welcoming community.
Hershey Area: Location of programs.
The Hershey Trust's educational, cultural, and social programs are all located in the Hershey area. Hershey, Pennsylvania, is a small town located in Dauphin County, Pennsylvania. The town is home to Hershey's Chocolate World, Hersheypark, and the Milton Hershey School.
- Milton Hershey School:
The Milton Hershey School is located in Hershey, Pennsylvania. The school is situated on a 1,200-acre campus that includes academic buildings, dormitories, athletic facilities, and a golf course.
- Scholarships:
The Hershey Trust provides scholarships to students from the Hershey area who are attending college or vocational school. Scholarships are awarded based on academic achievement, financial need, and community involvement.
- Cultural Programs:
The Hershey Trust supports a variety of cultural programs in the Hershey area, including the Hershey Symphony Orchestra, the Hershey Theatre, and the Hershey Museum. These programs offer a variety of performances, exhibits, and educational opportunities for residents of the Hershey area.
- Social Programs:
The Hershey Trust supports a variety of social programs in the Hershey area, including food banks, homeless shelters, and after-school programs. These programs provide essential services to residents of the Hershey area who are in need.
The Hershey Trust's focus on the Hershey area is a reflection of Milton Hershey's commitment to his hometown. Hershey was a generous philanthropist who donated millions of dollars to various causes in the Hershey area. The Hershey Trust continues Hershey's legacy of philanthropy by supporting programs that make a difference in the lives of residents of the Hershey area.
Milton S. Hershey: Founder of Hershey Chocolate Company.
Milton S. Hershey was the founder of the Hershey Chocolate Company and the Milton Hershey School. He was born in Derry Township, Pennsylvania, in 1857. Hershey started his career as a candy maker in Lancaster, Pennsylvania, in 1876. In 1894, he moved to Hershey, Pennsylvania, and founded the Hershey Chocolate Company.
- Early Life and Career:
Hershey was born in a poor family and had little formal education. He started working at a young age and eventually became a successful candy maker.
- Hershey Chocolate Company:
In 1894, Hershey founded the Hershey Chocolate Company in Hershey, Pennsylvania. The company quickly became successful, and Hershey soon became one of the wealthiest men in America.
- Philanthropy:
Hershey was a generous philanthropist who donated millions of dollars to various causes, including the Milton Hershey School, which he founded in 1909.
- Legacy:
Hershey died in 1945, but his legacy lives on through the Hershey Trust and the Milton Hershey School. He is remembered as one of the great American philanthropists.
Milton S. Hershey was a visionary entrepreneur and philanthropist who made a significant impact on the world. His founding of the Hershey Chocolate Company and the Milton Hershey School has ensured that his legacy will continue to benefit children in need for generations to come.
FAQ
Who owns Hershey's? This question has a complex answer that involves a trust, a school, and a famous chocolate company. Here are some frequently asked questions about who owns Hershey's, along with their answers:
Question 1: Who is the owner of Hershey's?
Answer 1: Hershey's is not owned by a single individual or family. It is owned by the Hershey Trust, a charitable trust established in 1909 by Milton S. Hershey, the founder of the Hershey Chocolate Company.
Question 2: What is the Hershey Trust?
Answer 2: The Hershey Trust is a complex entity that is both a charitable trust and a for-profit business. The trust's mission is to provide support for the Milton Hershey School, a school for orphaned and disadvantaged children that Hershey founded in 1909.
Question 3: How does the Hershey Trust own Hershey's?
Answer 3: The Hershey Trust owns Hershey's through a series of investments. The trust's investments include not only Hershey's, but also Hersheypark, the Hershey Entertainment & Resorts Company, and the Hotel Hershey.
Question 4: What is the Milton Hershey School?
Answer 4: The Milton Hershey School is a private, co-ed boarding school for students from pre-kindergarten through grade 12. The school provides a high-quality education to students from low-income families and families in crisis.
Question 5: How does the Hershey Trust support the Milton Hershey School?
Answer 5: The Hershey Trust provides financial support for the Milton Hershey School, which covers the cost of tuition, room and board, and other expenses for all students. The trust also provides funding for the school's academic programs, extracurricular activities, and capital improvements.
Question 6: How does the Hershey Trust use the profits from Hershey's?
Answer 6: The Hershey Trust uses the profits from Hershey's and its other investments to support the Milton Hershey School and a variety of educational, cultural, and social programs in the Hershey area.
Question 7: Who was Milton S. Hershey?
Answer 7: Milton S. Hershey was the founder of the Hershey Chocolate Company and the Milton Hershey School. He was a self-made man who started his career as a candy maker in Lancaster, Pennsylvania. In 1894, he moved to Hershey, Pennsylvania, and founded the Hershey Chocolate Company. The company quickly became successful, and Hershey soon became one of the wealthiest men in America.
Closing Paragraph for FAQ: The Hershey Trust is a unique and successful model for corporate philanthropy. The trust has been able to use the profits from Hershey's to make a significant difference in the lives of children in need, while also ensuring the long-term success of the company.
Now that you know who owns Hershey's, you might be interested in learning more about the company and its products. Here are some additional resources that you might find helpful:
Tips
Here are a few tips for learning more about who owns Hershey's and the company's history:
Tip 1: Visit the Hershey Story Museum:
The Hershey Story Museum is a great place to learn about the history of Hershey's and the Milton Hershey School. The museum has exhibits on Milton Hershey's life, the history of the Hershey Chocolate Company, and the Milton Hershey School. You can also take a tour of the Hershey Chocolate Factory and see how Hershey's chocolate is made.
Tip 2: Take a Tour of Hersheypark:
Hersheypark is an amusement park that is owned and operated by the Hershey Trust. The park has a variety of rides, shows, and attractions for all ages. While you're at Hersheypark, be sure to visit Hershey's Chocolate World, where you can learn more about the history of Hershey's and sample some of their delicious chocolate.
Tip 3: Visit the Milton Hershey School:
The Milton Hershey School is a private, co-ed boarding school for students from pre-kindergarten through grade 12. The school provides a high-quality education to students from low-income families and families in crisis. You can take a tour of the school and learn more about its history and mission.
Tip 4: Read Milton Hershey's Biography:
There are a number of biographies of Milton Hershey available. Reading one of these biographies is a great way to learn more about the man who founded Hershey's and the Milton Hershey School.
Closing Paragraph for Tips: Learning more about who owns Hershey's and the company's history is a great way to appreciate the company's commitment to making a difference in the world. By visiting the Hershey Story Museum, taking a tour of Hersheypark, visiting the Milton Hershey School, or reading a biography of Milton Hershey, you can gain a deeper understanding of the company's mission and values.
The Hershey Company is a unique and successful example of corporate philanthropy. The company's profits are used to support the Milton Hershey School and a variety of educational, cultural, and social programs in the Hershey area. By learning more about who owns Hershey's, you can gain a greater appreciation for the company's commitment to making a difference in the world.
Conclusion
Hershey's is a world-renowned chocolate company with a rich history and a commitment to making a difference in the world. The company is owned by the Hershey Trust, a charitable trust that was established by Milton S. Hershey, the founder of the Hershey Chocolate Company.
The Hershey Trust uses the profits from Hershey's to support the Milton Hershey School, a private, co-ed boarding school for students from pre-kindergarten through grade 12. The school provides a high-quality education to students from low-income families and families in crisis.
The Hershey Trust also uses its profits to support a variety of educational, cultural, and social programs in the Hershey area. These programs include scholarships for students, funding for cultural institutions, and support for social service agencies.
The Hershey Trust is a unique and successful model for corporate philanthropy. The trust has been able to use the profits from Hershey's to make a significant difference in the lives of children in need, while also ensuring the long-term success of the company.
Closing Message: Milton S. Hershey was a visionary entrepreneur and philanthropist who made a lasting impact on the world. His founding of the Hershey Chocolate Company and the Milton Hershey School has ensured that his legacy will continue to benefit children in need for generations to come.