Milton Hershey being unable to have children founded the Milton Hershey School for orphans in 1909. He donated 30% of all future Hershey profits. It now has 7 billion in assets, and continues to serve orphans in financial need. Milton also prohibited it’s use in any advertising.
Unable to have children of his own, Milton S. Hershey founded the Milton Hershey School in 1909 for orphans. In 1918, Milton S. Hershey and his wife, Catherine Hershey, donated all of their considerable wealth, of around 60 million dollars, to the boarding school upon Catherine Hershey’s death. The Hershey Trust Company is now the largest shareholder and beneficiary to the School. Before his death, Milton Hershey ensured the school would live on by donating 30% of all future Hershey profits to the school.
Due to this generous donation by America’s largest chocolate company, MHS now has over 7 billion dollars in assets, making it one of the richest schools in the world. Today, the Milton Hershey School provides free education, health care, counseling and a friendly home to 2000 orphans in financial need. The school’s programs include sports, arts, religious studies, sciences, math, language and many other subjects.
School colors are gold and brown. Students must wear a uniform to class provided to them by the School to encourage equality. Their admissions is primarily based on age and financial need for the orphans. The school also provides “House Parents”, which are hired couples, paid to take care of and nurture the students. The school’s “fellowship” project provides students with Hershey employee visits to build long lasting relationships and provide career counseling.
Additionally, the school is located in Hershey, Pennsylvania, a city created by Milton Hershey himself. The city offers security, a church, a post office and other services for the students. Many of its designs resemble Hershey chocolate products, such as the Hershey Kisses light posts. Most notably perhaps is the fact that Mr. Milton Hershey prohibited The Hershey Company from using the School as an advertisement or marketing strategy. The school’s primary goal is to provide young orphans with the skills necessary to support themselves and their families in the future.