09/06/2026
Estate Planning in the Wild. We're at Hershey Park this weekend. Out of curiosity, I wondered at the financials of the park.
Hershey Park (the theme park) is not owned by the Hershey Chocolate Company. It is owned by a private charitable trust called the Milton Hershey School Trust. The Trust owns the park, the local AHL hockey team, a stock portfolio valued in the billions (BILLIONS) and a controlling interest in the stock of the Hershey Chocolate Company. The Trust's purpose is to fund the Milton Hershey School which is a boarding school for low income students here in Hershey.
Side note - the school is spectacular and definitely has changed the lives for a lot of kids.
A charitable trust, the Milton Hershey School & School Trust does not pay federal or state income taxes because it is a registered 501(c)(3) tax-exempt charity. Because the nonprofit school doesn't rely on public donations or accept funds from federal and state agencies, it operates with little public oversight.
Huh. And now I know this and you do too. I have a whole bunch of follow-up questions.