# Milton Hershey School & School Trust

Milton Hershey School & School Trust is an Endowment / Foundation based in Hershey, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Hershey, United States
- **Region:** North America
- **Address:** 430 East Governor Road, Hershey, PA, United States
- **Founded:** 1909
- **Assets under management:** 17400 (Altss estimate)
- **Website:** mhskids.org
- **LinkedIn:** https://www.linkedin.com/company/milton-hershey-school

## Regulatory record

- **Reports private funds:** No

## About

Milton Hershey and Catherine Hershey created the school and trust in 1909. The confectionery fortune supplied the initial endowment that later expanded through ownership of The Hershey Company. The trust deploys capital via direct ownership of real estate, operating businesses, and public equity. Confirmed holdings include full ownership of Hershey Entertainment & Resorts Company and Catherine Hershey Schools for Early Learning plus an 81 percent stake in The Hershey Company Class B shares. Activity centers on North America with all major assets located in Hershey, Pennsylvania. The endowment supports the Milton Hershey School campus that houses more than 2,000 students. Hershey Trust Company serves as trustee and investment advisor. November 2024: Sponsored the MHS Student Leadership Conference. The trust maintains voting control over The Hershey Company through its Class B shares, creating a permanent link between the company's performance and the school's funding.

## Sectors

- Education
- Real Estate

## People

- Milton S. Hershey — Founder
- Catherine Hershey — Founder

## Questions

### Who runs investment decisions at Milton Hershey School & School Trust?

Hershey Trust Company acts as trustee and investment advisor with Leslie K. Lenzo listed as primary contact.

### Does Milton Hershey School & School Trust participate in fund commitments or only direct deals?

The trust executes direct co-investments and SPVs alongside philanthropic and mission-related investments.

### What is Milton Hershey School & School Trust's known posture on co-investments alongside external GPs?

No external GP commitments are disclosed in available records.

### How is Milton Hershey School & School Trust related to The Hershey Company?

The trust is the controlling shareholder through Class B shares that carry 81 percent of the voting power.

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Last updated: 2026-07-06T00:36:15.155Z

Canonical page: https://altss.com/profile/milton-hershey-school-school-trust

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