Hershey Trust
Hershey Trust, established in 1905 by Milton S. Hershey, is a Pennsylvania-chartered trust company focusing on managing the Milton Hershey School Trust, The M.S. Hershey Foundation, and the Hershey Cemetery Perpetual Care Maintenance Trust.
Founders
Hershey Trust was founded in 1905 by Milton S. Hershey. Milton S. Hershey was an American chocolatier and philanthropist, best known for founding the Hershey Chocolate Company and the town of Hershey, Pennsylvania. His vision for the trust was to support various charitable endeavours and preserve his legacy of benevolence and community support.
Trust Management
Hershey Trust serves as the trustee of multiple trusts. These include the Milton Hershey School Trust, which supports the Milton Hershey School; The M.S. Hershey Foundation, which funds educational and cultural initiatives; and the Hershey Cemetery Perpetual Care Maintenance Trust, which ensures the maintenance of the Hershey Cemetery. The organization focuses its services on the effective management and administration of these trusts, ensuring the legacy of Milton and Catherine Hershey is upheld.
Regulatory Compliance
Hershey Trust operates as a Pennsylvania-chartered trust company. It is regulated by the Pennsylvania Department of Banking and Securities. This regulatory oversight ensures that the trust adheres to legal and financial standards, providing confidence in its fiduciary responsibilities and asset management capabilities.
Real Estate Services
In addition to managing trusts, Hershey Trust offers rental properties. These properties are managed through a dedicated real estate website, providing detailed information about available rentals. The real estate services complement the trust's other operations by generating additional revenue to support its charitable missions and responsibilities.
Legacy and Mission
Hershey Trust aims to advance the legacy of Milton and Catherine Hershey through excellence in asset management and trust administration. The organization is committed to supporting the educational, cultural, and community-focused initiatives started by its founders. Through diligent management and strategic planning, Hershey Trust ensures that the philanthropic visions of Milton and Catherine Hershey continue to thrive.