MILTON HERSHEY SCHOOL & SCHOOL TRUST: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization: MILTON HERSHEY SCHOOL & SCHOOL TRUST (EIN 23-1353340)
Tax period: 2024-08-01 to 2025-07-31
Filed: 2026-06-12
IRS object ID: 202631639349300843
Schema version: 2024v5.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule E
Schedule F
Schedule I
Schedule J
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2026-06-12T13:13:14-05:00	ReturnTs
Tax Period End	2025-07-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	PwC US Tax LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	2001 MARKET ST SUITE 1800	AddressLine1Txt
City	PHILADELPHIA	CityNm
State Abbreviation	PA	StateAbbreviationCd
ZIP	19103	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2024-08-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	231353340	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	MILTON HERSHEY SCHOOL AND SCHOOL TRUST	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
In Care Of	% MATTHEW JACOLIK HERSHEY TRU	InCareOfNm
Business Name Control	MILT	BusinessNameControlTxt
Phone	7175201100	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 445	AddressLine1Txt
City	HERSHEY	CityNm
State Abbreviation	PA	StateAbbreviationCd
ZIP	17033	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	CORDEL ROBBIN-COKER	PersonNm
Person Title	INTERIM VP FINANCE, TRUSTEE	PersonTitleTxt
Phone	7175201100	PhoneNum
Signature	2026-05-28	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (true)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	JOANNE KRUEGER	PreparerPersonNm
PTIN	P01238856	PTIN
Phone	2673303000	PhoneNum
Preparation	2026-05-19	PreparationDt

Field	Value	IRS element (for citing)
Tax	2024	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	PETER GURT	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 830	AddressLine1Txt
City	HERSHEY	CityNm
State Abbreviation	PA	StateAbbreviationCd
ZIP	17033	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$7,466,869,184	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.MHS-PA.ORG	WebsiteAddressTxt
Type Of Organization Other	Yes (X)	TypeOfOrganizationOtherInd
Other Organization Dsc	SEE SCH O	OtherOrganizationDsc
Formation	1909	FormationYr
Legal Domicile State	PA	LegalDomicileStateCd
Activity Or Mission	IN KEEPING WITH MILTON AND CATHERINE HERSHEY'S DEED OF TRUST, MILTON HERSHEY SCHOOL NURTURES AND EDUCATES CHILDREN IN SOCIAL AND FINANCIAL NEED. SEE SCHEDULE O.	ActivityOrMissionDesc
Voting Members Governing Body	14	VotingMembersGoverningBodyCnt
Voting Members Independent	0	VotingMembersIndependentCnt
Total Employee	2650	TotalEmployeeCnt
Total Volunteers	294	TotalVolunteersCnt
Total Gross UBI	$22,946,910	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$6,592,673	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$57,374	PYContributionsGrantsAmt
CY Contributions Grants	$46,170	CYContributionsGrantsAmt
PY Program Service Revenue	$366,816	PYProgramServiceRevenueAmt
CY Program Service Revenue	$412,643	CYProgramServiceRevenueAmt
PY Investment Income	$810,935,425	PYInvestmentIncomeAmt
CY Investment Income	$1,260,084,484	CYInvestmentIncomeAmt
PY Other Revenue	$2,665,019	PYOtherRevenueAmt
CY Other Revenue	$2,079,746	CYOtherRevenueAmt
PY Total Revenue	$814,024,634	PYTotalRevenueAmt
CY Total Revenue	$1,262,623,043	CYTotalRevenueAmt
PY Grants And Similar Paid	$10,485,470	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$9,551,378	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$181,500,069	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$182,096,981	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$178,098,097	PYOtherExpensesAmt
CY Other Expenses	$189,598,411	CYOtherExpensesAmt
PY Total Expenses	$370,083,636	PYTotalExpensesAmt
CY Total Expenses	$381,246,770	CYTotalExpensesAmt
PY Revenues Less Expenses	$443,940,998	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$881,376,273	CYRevenuesLessExpensesAmt
Total Assets BOY	$23,436,170,448	TotalAssetsBOYAmt
Total Assets EOY	$23,560,448,240	TotalAssetsEOYAmt
Total Liabilities BOY	$326,642,373	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$253,328,695	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$23,109,528,075	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$23,307,119,545	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	SEE SCHEDULE O FOR FURTHER DETAILS.	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Expense	$275,394,785	ExpenseAmt
Grant	$9,551,378	GrantAmt
Revenue	$412,643	RevenueAmt
Desc	PROGRAM SERVICE ACCOMPLISHMENTS MILTON HERSHEY SCHOOL IS COMMITTED TO EDUCATING AND NURTURING THE WHOLE CHILD-ACADEMICALLY, PHYSICALLY, EMOTIONALLY, AND SOCIALLY. THANKS TO THE VISION AND GENEROSITY OF MILTON AND CATHERINE HERSHEY, EVERY ENROLLED STUDENT RECEIVES COMPREHENSIVE CARE AND OPPORTUNITY AT NO COST TO THEIR FAMILY. THIS INCLUDES: - HIGH-QUALITY EDUCATION DELIVERED INSTATE-OF-THE-ARTCLASSROOMS WITH SMALL CLASS SIZES, ENSURING PERSONAL ATTENTION AND TAILORED INSTRUCTION. - THE PHYSICAL, MENTAL, DENTAL, AND PSYCHOLOGICAL CARE OF ALL STUDENTS. - NUTRITIOUS MEALS, CLOTHING, AND SAFE YEAR-ROUND HOUSING, CREATING CONSISTENCY AND STABILITY THAT ENABLE STUDENTS TO FOCUS ON LEARNING AND GROWTH. - ROBUST CAREER AND TECHNICAL EDUCATION (CTE) OFFERINGS, COLLEGE-LEVEL COURSEWORK, ARTS AND MUSIC PROGRAMS, ATHLETICS, AGRICULTURAL EDUCATION, AND HANDS-ON LEARNING OPPORTUNITIES IN AUTHENTIC WORK SETTINGS. MANY CHILDRENENROLLINGAT MHS COME FROM ENVIRONMENTS SHAPED BY POVERTY-RELATED STRESSORS. IN THE 2024-25 SCHOOL YEAR, NEW STUDENTS REPORTEDHIGH LEVELSOF ADVERSE CHILDHOOD EXPERIENCES (ACES), INCLUDING: - FORTY-FIVE PERCENT HAD MENTAL HEALTH ISSUES IN THEIR FAMILY - THIRTY-SEVEN PERCENT EXPERIENCED FAMILY DRUG OR ALCOHOL ISSUES - THIRTY-THREE PERCENT HAD AN INCARCERATED FAMILY MEMBER - TWENTY-FIVE PERCENT WITNESSED DOMESTIC VIOLENCE - TWENTY-THREE PERCENT WHO ATTENDED THREE OR MORE SCHOOLS BEFORE ENROLLING - SEVENTEEN PERCENT EXPERIENCED HOMELESSNESS - FOURTEEN PERCENT WHO EXPERIENCED FOOD INSECURITY THESE HARDSHIPS CANIMPACTLEARNING, EMOTIONAL WELL-BEING, AND STABILITY. AT MHS, STUDENTS RECEIVE INDIVIDUALIZED MENTAL HEALTH SUPPORT AND A CONSISTENT, CARING ENVIRONMENT-FOUNDATIONAL ELEMENTS THAT HELP THEM BUILD RESILIENCE AND THRIVE. MHS CONTINUES TO SET A NATIONAL STANDARD FOR WHOLE CHILD CARE. DURING THE 2024-25 SCHOOL YEAR, STUDENTS BENEFITED FROM 21,929 NURSE/PEDIATRICIAN VISITS, 13,127 DENTAL VISITS AND 54,791 DENTAL PROCEDURES, 1,535 VISION EXAMS AND 1,449 PAIRS OF EYEGLASSES, AND 3,137 IMMUNIZATIONS ADMINISTERED. THIS LEVEL OF CARE REMOVES BARRIERS, ALLOWING STUDENTS TO FOCUS ON ACADEMICS, EXTRACURRICULARS, AND HEALTHY PERSONAL DEVELOPMENT. FROM ELEMENTARY THROUGH HIGH SCHOOL, STUDENTS ENGAGE IN AGE-APPROPRIATE CAREER EXPLORATION. HIGH SCHOOL STUDENTS TAKE PART IN INTERNSHIPS, CO-OPS, AND THE OPPORTUNITY TO EARN INDUSTRY-RECOGNIZED CERTIFICATIONS, SUPPORTED BY PARTNERSHIPS WITH LOCAL ORGANIZATIONS INCLUDING HERSHEY ENTERTAINMENT & RESORTS, THE HERSHEY COMPANY, PENN STATE HEALTH, AND CATHERINE HERSHEY SCHOOLS FOR EARLY LEARNING. IN 2024-25, MHS STUDENTS COMPLETED1,149 CAREER EXPOSURE EXPERIENCESAND245 AUTHENTIC WORK EXPERIENCES (INCLUDING INTERNSHIPS, CO-OPS, AND PRE-APPRENTICESHIPS) STUDENTS CAN EXPLORE10 CAREER AND TECHNICAL EDUCATION(CTE)PROGRAM AREASINCLUDINGBUT NOT LIMITED TOLAW,PUBLIC SAFETY,AND SECURITY,COMPUTERTECHNOLOGY, AGRICULTUREANDNATURAL RESOURCES, AND EDUCATIONANDHUMAN SERVICES. ------------------- THIS TUITION-FREE, COMPREHENSIVE PROGRAM, INCLUDING PHYSICAL CARE AS WELL AS EDUCATIONAL PROGRAMMING IN ACADEMIC, HOME LIFE, AND COMMUNITY/CAREER SETTINGS, HAS AN ANNUAL COST OF: TOTAL PROGRAM EXPENSES: 275,394,785 LESS: LINE 22 DEPRECIATION (37,294,415) LINE 2 GRANTS (9,551,378) -------------- TOTAL EXPENSES 228,548,992 TOTAL NUMBER OF STUDENTS: 2,157 GAAP COST PER STUDENT - TOTAL EXPENSES (PART IX LINE 25) $381,246,771 (TOTAL EXPENSES/2,157) = $176,749 TOTAL ANNUAL COST PER STUDENT- SCHOOL AND TRUST TOTAL PROGRAM EXPENSES LESS DEPRECIATION (PART IX LINE 22) AND CES GRANTS (PART IX LINE 2) $228,548,992 (TOTAL EXPENSES)/2,157 (TOTAL NUMBER OF STUDENTS) = $105,957 MHS DIRECT COST PER STUDENT - SCHOOL ONLY FOR A PREMIER BOARDING SCHOOL SUCH AS MILTON HERSHEY SCHOOL, THE ANNUAL INVESTMENT OF MORE THAN $105,000 PER STUDENT INCLUDES HOLISTIC CARE, EDUCATION RESOURCES, GRADUATE PROGRAMS, AND MORE. MILTON HERSHEY SCHOOL ASSUMES THE COST FOR MEDICAL, PSYCHOLOGICAL, DENTAL, ORTHODONTIC, SOCIAL WORK, AND PRESCRIPTION CARE FOR EACH STUDENT. COSTS AT MOST PRIVATE COLLEGES ALSO EXCEED THIS FIGURE. COLLEGES ALSO EXCEED THIS FIGURE. COLLEGES ALSO EXCEED THIS FIGURE. WORK, AND PRESCRIPTION CARE FOR EACH STUDENT. COSTS AT MOST PRIVATE COLLEGES ALSO EXCEED THIS FIGURE.	Desc
Total Program Service Expenses	$275,394,785	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (true)	DescribedInSection501c3Ind
Schedule B Required	Yes (true)	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Lobbying Activities	false	LobbyingActivitiesInd
Donor Advised Fund	false	DonorAdvisedFundInd
Conservation Easements	false	ConservationEasementsInd
Collections Of Art	Yes (true)	CollectionsOfArtInd
Credit Counseling	false	CreditCounselingInd
Donor Rstr Or Quasi Endowments	Yes (true)	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (true)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	Yes (true)	ReportInvestmentsOtherSecInd
Report Program Related Invst	false	ReportProgramRelatedInvstInd
Report Other Assets	false	ReportOtherAssetsInd
Report Other Liabilities	false	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (true)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (true)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	false	ConsolidatedAuditFinclStmtInd
School Operating	Yes (true)	SchoolOperatingInd
Foreign Office	false	ForeignOfficeInd
Foreign Activities	Yes (true)	ForeignActivitiesInd
More Than5000 K To Org	false	MoreThan5000KToOrgInd
More Than5000 K To Individuals	false	MoreThan5000KToIndividualsInd
Professional Fundraising	false	ProfessionalFundraisingInd
Fundraising Activities	false	FundraisingActivitiesInd
Gaming Activities	false	GamingActivitiesInd
Operate Hospital	false	OperateHospitalInd
Grants To Organizations	false	GrantsToOrganizationsInd
Grants To Individuals	Yes (true)	GrantsToIndividualsInd
Schedule J Required	Yes (true)	ScheduleJRequiredInd
Tax Exempt Bonds	false	TaxExemptBondsInd
Engaged In Excess Benefit Trans	false	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	false	PYExcessBenefitTransInd
Loan Outstanding	false	LoanOutstandingInd
Grant To Related Person	false	GrantToRelatedPersonInd
Business Rln With Org Mem	false	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	false	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	false	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	false	DeductibleNonCashContriInd
Deductible Art Contribution	false	DeductibleArtContributionInd
Terminate Operations	false	TerminateOperationsInd
Partial Liquidation	false	PartialLiquidationInd
Disregarded Entity	Yes (true)	DisregardedEntityInd
Related Entity	Yes (true)	RelatedEntityInd
Related Organization Ctrl Ent	Yes (true)	RelatedOrganizationCtrlEntInd
Transaction With Control Ent	Yes (true)	TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	false	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
IRP Document	212	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	2650	EmployeeCnt
Employment Tax Returns Filed	Yes (true)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (true)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (true)	Form990TFiledInd
Foreign Financial Account	false	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Quid Pro Quo Contributions	false	QuidProQuoContributionsInd
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	false	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	false	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	14	GoverningBodyVotingMembersCnt
Independent Voting Member	0	IndependentVotingMemberCnt
Family Or Business Rln	Yes (true)	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	false	DelegationOfMgmtDutiesInd
Change To Org Documents	false	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	false	MaterialDiversionOrMisuseInd
Members Or Stockholders	false	MembersOrStockholdersInd
Election Of Board Members	Yes (true)	ElectionOfBoardMembersInd
Decisions Subject To Approva	false	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (true)	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	false	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (true)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (true)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (true)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (true)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (true)	WhistleblowerPolicyInd
Document Retention Policy	Yes (true)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (true)	CompensationProcessCEOInd
Compensation Process Other	Yes (true)	CompensationProcessOtherInd
Investment In Joint Venture	false	InvestmentInJointVentureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	MATTHEW JACOLIK HERSHEY TRU	PersonNm
Phone	7175201100	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 445	AddressLine1Txt
City	HERSHEY	CityNm
State Abbreviation	PA	StateAbbreviationCd
ZIP	17033	ZIPCd

Field	Value	IRS element (for citing)
Info In Schedule O Part VII	Yes (X)	InfoInScheduleOPartVIIInd

Form990 Part VII Section A Form990PartVIISectionAGrp (37 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd	Key EmployeeKeyEmployeeInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd	Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd	Institutional TrusteeInstitutionalTrusteeInd
JAMES KATZMAN
BOARD OF MANAGERS	6.0	3.0	Yes (X)	$0	$1,999,060	$95,948
PETER G GURT
PRESIDENT	40.0	20.0		$837,613	$0	$141,123	Yes (X)
ELLIOTT H ROBINSON
VP ADMINISTRATION	53.0	10.0		$403,434	$0	$111,463	Yes (X)
FREDA F MARTINE
SR VP OF EDU AND STUDENT LIFE	55.0	15.0		$385,641	$0	$56,588	Yes (X)
ANDREW CLARK ESQ
VP Legal/Gen Counsel/SECRETARY	55.0	10.0		$332,768	$0	$85,472	Yes (X)
RENEE HOLLOMAN
VP OF HR	55.0	5.0		$295,686	$0	$69,408	Yes (X)
ANNETTE K COLE GILL
HEAD-MIDDLE DIVISION	53.0	0.0		$255,134	$0	$83,426		Yes (X)
WILLIAM H WEBER III
HEAD OF DIVISIONS	55.0	0.0		$255,662	$0	$77,217		Yes (X)
SOLEIL CARRION DEL TORO
VP FIN/SHARED SRVCS	55.0	10.0		$250,470	$0	$65,781	Yes (X)
ERIN OSEVALA
FIRST DEPUTY GENERAL COUNSEL	43.0	10.0		$240,899	$0	$63,285			Yes (X)
Erica Weiler-Timmins PHD
Dir Psychological Services	50.0	0.0		$219,536	$0	$80,025			Yes (X)
KRISTINA PAE
VP OF COMM AND MARKETING	65.0	2.0		$225,574	$0	$63,522	Yes (X)
LISA RASHID
VP - COMMUNICATIONS	0.0	0.0		$285,255	$0	$0				Yes (X)
STEPHEN VALENTINE
SR DIR QUALITY ASSURANCE	45.0	2.0		$206,569	$0	$74,754			Yes (X)
MICHAEL BERNARDO
SR DIRECTOR IT	48.0	2.0		$207,779	$0	$72,674		Yes (X)
JOHN J OSMOLINSKI
SR DIR CONSTRUCTION/FAC	50.0	2.0		$210,891	$0	$68,823		Yes (X)
M DIANE KOKEN
BOARD OF MANAGERS	5.0	4.0	Yes (X)	$0	$105,000	$170,000
DENISE L ALSTON DDS
DIR DENTAL SERVICES	55.0	0.0		$219,495	$0	$48,936			Yes (X)
JEFFREY C PERALES
HEAD ELEMENTARY DIV UNTIL 8/25	50.0	0.0		$189,090	$0	$72,173		Yes (X)
NATHANIEL MARTIN
HEAD OF SENIOR DIVISION	55.0	0.0		$194,827	$0	$64,253		Yes (X)
Cynthia Winters
Sr. Dir Program Supt Svc	49.0	4.0		$214,144	$0	$35,411			Yes (X)
CORDEL ROBBIN-COKER
BOARD OF MANAGERS, TREASURER	3.0	3.0	Yes (X)	$0	$118,032	$111,157	Yes (X)
TANYA BAYNHAM
FORMER VP GRAD PROG FOR SUCC	0.0	0.0		$197,518	$0	$8,213				Yes (X)
MATTHEW JACOLIK
FORMER INTERIM TREASURER	41.0	1.0		$0	$166,863	$34,629				Yes (X)
Maria Kraus
Board of Managers	16.0	5.0	Yes (X)	$0	$194,412	$0
CAROL DANZ
ASSISTANT SECRETARY	41.0	1.0		$0	$117,967	$43,825	Yes (X)
JAMES BROWN
BOARD OF MANAGERS	6.0	1.0	Yes (X)	$0	$151,298	$0
JAN L BERGEN
BOARD OF MANAGERS	5.0	0.0	Yes (X)	$0	$151,298	$0
AMY MARSH
BOARD OF MANAGERS	8.0	0.0	Yes (X)	$0	$151,298	$0
DAVID SALTZMAN
Board of Managers	3.0	0.0	Yes (X)	$0	$141,446	$0
Melissa L Fullmore
Board of Managers	3.0	0.0	Yes (X)	$0	$141,298	$0
Michela English
Board of Managers	3.0	0.0	Yes (X)	$0	$141,298	$0
DAN KATZIR
BOARD OF MANAGERS	3.0	0.0	Yes (X)	$0	$141,298	$0
Michelle M Figlar
Board of Managers	3.0	1.0	Yes (X)	$0	$141,298	$0
Harold Singleton
Board of Managers	3.0	0.0	Yes (X)	$0	$141,298	$0
Jason Wolfe
Board of Managers	4.0	1.0	Yes (X)	$0	$141,298	$0
HERSHEY TRUST COMPANY
TRUSTEE	0.0	0.0		$1,000	$0	$0					Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$5,627,985	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$2,583,367	TotReportableCompRltdOrgAmt
Total Other Compensation	$1,754,281	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	338	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	Yes (true)	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (true)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
HERSHEY TRUST COMPANY
PO BOX 445	HERSHEY	PA	17033	INVEST & SHARED SRVS	$11,208,633
SODEXO INC AFFILIATES
PO BOX 360170	PITTSBURGH	PA	152516170	FOOD SERVICE	$7,667,024
DLR GROUP INC
701 8th St NW - SUITE 700	WASHINGTON	DC	20001	CONSTRUCTION	$5,671,453
JAMES CRAFT SON INC
PO BOX 8	YORK HAVEN	PA	173700008	CONSTRUCTION	$3,881,275
NRG BUILDING SERVICES INC
48 S HARRISBURG ST - 2ND FLR	HARRISBURG	PW	17113	CONSTRUCTION	$3,648,038

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	178	CntrctRcvdGreaterThan100KCnt
All Other Contributions	$46,170	AllOtherContributionsAmt
Total Contributions	$46,170	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
AG MILK, LIVESTOCK & CROP SALES	900099	$300,483	$300,483
UTILITY REBATES	900099	$109,722	$109,722
FOOD REBATES	900099	$148	$148
MEMORABILIA SALES TO PUBLIC	900099	$2,232	$2,232
ALL OTHER PROGRAM SERVICES	900099	$58	$58

Field	Value	IRS element (for citing)
Total Program Service Revenue	$412,643	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$645,147,926	TotalRevenueColumnAmt
Unrelated Business Revenue	$22,875,998	UnrelatedBusinessRevenueAmt
Exclusion	$622,271,928	ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Royalties Revenue RoyaltiesRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$5,946,498	RealAmt
Personal	$0	PersonalAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$3,866,752	RealAmt
Personal	$0	PersonalAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$2,079,746	RealAmt
Personal	$0	PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$2,079,746	TotalRevenueColumnAmt
Unrelated Business Revenue	$70,912	UnrelatedBusinessRevenueAmt
Exclusion	$2,008,834	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$6,807,510,452	SecuritiesAmt
Other	$7,805,495	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$6,196,688,999	SecuritiesAmt
Other	$3,690,390	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$610,821,453	SecuritiesAmt
Other	$4,115,105	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$614,936,558	TotalRevenueColumnAmt
Exclusion	$614,936,558	ExclusionAmt

Field	Value	IRS element (for citing)
Fundraising Gross Income	$0	FundraisingGrossIncomeAmt
Fundraising Direct Expenses	$0	FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Field	Value	IRS element (for citing)
Gaming Gross Income	$0	GamingGrossIncomeAmt
Gaming Direct Expenses	$0	GamingDirectExpensesAmt

Net Income From Gaming NetIncomeFromGamingGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	$0	GrossSalesOfInventoryAmt
Cost Of Goods Sold	$0	CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$0	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$1,262,623,043	TotalRevenueColumnAmt
Related Or Exempt Func Income	$412,643	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$22,946,910	UnrelatedBusinessRevenueAmt
Exclusion	$1,239,217,320	ExclusionAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part IX	Yes (X)	InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$9,551,378	TotalAmt
Program Services	$9,551,378	ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$5,404,125	TotalAmt
Program Services	$2,912,549	ProgramServicesAmt
Management And General	$2,491,576	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$121,084,861	TotalAmt
Program Services	$113,057,227	ProgramServicesAmt
Management And General	$8,027,634	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$7,592,441	TotalAmt
Program Services	$7,005,634	ProgramServicesAmt
Management And General	$586,807	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$37,015,481	TotalAmt
Program Services	$33,832,824	ProgramServicesAmt
Management And General	$3,182,657	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$11,000,073	TotalAmt
Program Services	$9,959,466	ProgramServicesAmt
Management And General	$1,040,607	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$2,004,937	TotalAmt
Program Services	$1,274,223	ProgramServicesAmt
Management And General	$730,714	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$274,317	TotalAmt
Program Services	$248,367	ProgramServicesAmt
Management And General	$25,950	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$60,890,935	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$60,890,935	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$8,222,346	TotalAmt
Program Services	$8,222,346	ProgramServicesAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$15,392,378	TotalAmt
Program Services	$1,481,915	ProgramServicesAmt
Management And General	$13,910,463	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$2,350,778	TotalAmt
Program Services	$2,007,900	ProgramServicesAmt
Management And General	$342,878	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$4,074,572	TotalAmt
Program Services	$3,709,429	ProgramServicesAmt
Management And General	$365,143	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Royalties RoyaltiesGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$7,478,353	TotalAmt
Program Services	$6,417,461	ProgramServicesAmt
Management And General	$1,060,892	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$2,336,028	TotalAmt
Program Services	$2,219,564	ProgramServicesAmt
Management And General	$116,464	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$304,684	TotalAmt
Program Services	$224,630	ProgramServicesAmt
Management And General	$80,054	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Payments To Affiliates PaymentsToAffiliatesGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$43,783,734	TotalAmt
Program Services	$37,294,415	ProgramServicesAmt
Management And General	$6,489,319	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	-$604,210	TotalAmt
Program Services	$2,821,639	ProgramServicesAmt
Management And General	-$3,425,849	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt
CONTRACTED SERVICES	$10,493,924	$6,402,530	$4,091,394
FOOD, CLOTHING & HOUSEHOLD	$9,593,461	$9,142,998	$450,463
EQUIP RENTAL & MAINTENANCE	$6,562,477	$5,706,756	$855,721
TRUST EXPENSES	$3,003,824	$0	$3,003,824

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$13,435,873	TotalAmt
Program Services	$11,901,534	ProgramServicesAmt
Management And General	$1,534,339	ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$381,246,770	TotalAmt
Program Services	$275,394,785	ProgramServicesAmt
Management And General	$105,851,985	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part X	Yes (X)	InfoInScheduleOPartXInd

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$2,658,683	BOYAmt
EOY	$3,619,255	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$286,739,646	BOYAmt
EOY	$280,430,529	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$229,136,789	BOYAmt
EOY	$93,193,207	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$3,696,031	BOYAmt
EOY	$3,781,201	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$2,137,273	BOYAmt
EOY	$4,189,920	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$1,606,355,524	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$669,423,847	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$865,565,514	BOYAmt
EOY	$936,931,677	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$3,510,773,622	BOYAmt
EOY	$4,580,665,247	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$18,535,462,890	BOYAmt
EOY	$17,657,637,204	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Intangible Assets IntangibleAssetsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$23,436,170,448	BOYAmt
EOY	$23,560,448,240	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$326,642,373	BOYAmt
EOY	$253,328,695	EOYAmt

Grants Payable GrantsPayableGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$326,642,373	BOYAmt
EOY	$253,328,695	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$2,391,840,342	BOYAmt
EOY	$2,666,782,912	EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$20,717,687,733	BOYAmt
EOY	$20,640,336,633	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$23,109,528,075	BOYAmt
EOY	$23,307,119,545	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$23,436,170,448	BOYAmt
EOY	$23,560,448,240	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$881,376,273	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	-$596,606,185	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	-$87,178,618	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	Yes (true)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Consolidated Basis Fincl Stmt	Yes (X)	ConsolidatedBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (true)	AuditCommitteeInd
Federal Grant Audit Required	false	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School	Yes (X)	SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Art Public Exhibition Amounts		ArtPublicExhibitionAmountsGrp
Held Works Art		HeldWorksArtGrp
Collection Used Pub Exhibition	Yes (X)	CollectionUsedPubExhibitionInd
Coll Used Scholarly Rsrch	Yes (X)	CollUsedScholarlyRsrchInd
Collection Used Preservation	Yes (X)	CollectionUsedPreservationInd
Solicited Assets Sale	false	SolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$20,717,687,734	BeginningYearBalanceAmt
Investment Earnings Or Losses	-$77,351,100	InvestmentEarningsOrLossesAmt
End Year Balance	$20,640,336,634	EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$21,935,191,729	BeginningYearBalanceAmt
Investment Earnings Or Losses	-$1,217,503,995	InvestmentEarningsOrLossesAmt
End Year Balance	$20,717,687,734	EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$21,376,390,866	BeginningYearBalanceAmt
Investment Earnings Or Losses	$558,800,863	InvestmentEarningsOrLossesAmt
End Year Balance	$21,935,191,729	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$19,308,934,061	BeginningYearBalanceAmt
Investment Earnings Or Losses	$2,067,456,805	InvestmentEarningsOrLossesAmt
End Year Balance	$21,376,390,866	EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$15,560,697,333	BeginningYearBalanceAmt
Investment Earnings Or Losses	$3,748,236,728	InvestmentEarningsOrLossesAmt
End Year Balance	$19,308,934,061	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Prmnnt Endowment Balance EOY	1.00000	PrmnntEndowmentBalanceEOYPct
Endowments Held Unrelated Org	false	EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org	Yes (true)	EndowmentsHeldRelatedOrgInd
Related Org List Sch R	Yes (true)	RelatedOrgListSchRInd

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$67,089,792	OtherCostOrOtherBasisAmt
Book Value	$67,089,792	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	$155,155,955	InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis	$1,227,726,132	OtherCostOrOtherBasisAmt
Depreciation	$613,096,316	DepreciationAmt
Book Value	$769,785,771	BookValueAmt

Field	Value	IRS element (for citing)
Leasehold Improvements		LeaseholdImprovementsGrp

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$156,383,645	OtherCostOrOtherBasisAmt
Depreciation	$56,327,531	DepreciationAmt
Book Value	$100,056,114	BookValueAmt

Field	Value	IRS element (for citing)
Other Land Buildings		OtherLandBuildingsGrp
Total Book Value Land Buildings	$936,931,677	TotalBookValueLandBuildingsAmt
Financial Derivatives		FinancialDerivativesGrp
Closely Held Equity Interests		CloselyHeldEquityInterestsGrp

Other Securities OtherSecuritiesGrp

Field	Value	IRS element (for citing)
Desc	SEE PART XIII	Desc
Book Value	$17,657,637,204	BookValueAmt
Method Valuation	F	MethodValuationCd

Field	Value	IRS element (for citing)
Total Book Value Securities	$17,657,637,204	TotalBookValueSecuritiesAmt
Federal Income Tax Liability	$0	FederalIncomeTaxLiabilityAmt
Total Liability	$0	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$669,433,676	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	-$596,606,185	NetUnrealizedGainsInvstAmt
Other Revenue	$3,416,818	OtherRevenueAmt
Revenue Not Reported	-$593,189,367	RevenueNotReportedAmt
Revenue Subtotal	$1,262,623,043	RevenueSubtotalAmt
Total Revenue Per Form990	$1,262,623,043	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$392,869,282	TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included	-$449,934	OtherExpensesIncludedAmt
Expenses Not Reported	-$449,934	ExpensesNotReportedAmt
Expenses Subtotal	$393,319,216	ExpensesSubtotalAmt
Investment Expenses Not Incld2	-$12,072,446	InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt	-$12,072,446	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$381,246,770	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
SCHEDULE D, PART III, LINE 1A & 4	MAINTAINING COLLECTIONS OF ART, HISTORICAL TREASURES, OR SIMILAR ASSETS THE ORGANIZATION ELECTED, AS PERMITTED UNDER ASC 958-360-25-1 and 958-605-25-19 (FORMERLY SFAS 116), NOT TO REPORT IN ITS REVENUE STATEMENT AND BALANCE SHEET WORKS OF ART, HISTORICAL TREASURES, OR OTHER SIMILAR ASSETS HELD FOR PUBLIC EXHIBITION, EDUCATION OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE. THE DEPARTMENT OF SCHOOL HISTORY AND THE MHS HERITAGE CENTER AT KINDERHAUS PROVIDE FOR THE CARE AND MANAGEMENT OF THE HISTORICAL ASSETS OF THE MILTON HERSHEY SCHOOL COMMUNITY. THE HISTORICAL ASSETS(COLLECTION) CONSIST OF ARCHIVAL RECORDS AND DOCUMENTS, THREE DIMENSIONAL OBJECTS, INTERPRETIVE EXHIBITS, AND HISTORICAL CAMPUS BUILDINGS WHICH HELP TO DOCUMENT THE LIVES AND VALUES OF MILTON AND CATHERINE HERSHEY AS FOUNDERS OF OUR SCHOOL, THE HISTORY AND TRADITIONS OF THE SCHOOL AS AN INSTITUTION, AND THE STORIES OF THE STUDENTS, STAFF, AND ALUMNI WHO MAKE UP THE SCHOOL COMMUNITY. EXCLUDED FROM THIS MANDATE ARE LEGAL BOARD RECORDS, STUDENT RECORDS, AND ALUMNI RECORDS. SCHEDULE D, PART V, LINE 4 TRUST FUNDS AS MANDATED BY MILTON HERSHEY'S DEED OF TRUST, THE TRUST FUNDS ARE USED TO OPERATE THE MILTON HERSHEY SCHOOL AND MANAGE THE SCHOOL TRUST IN PERPETUITY. THE SCHOOL HAS MADE A POSITIVE DIFFERENCE IN THE LIVES OF ITS STUDENTS FOR OVER 110 YEARS. IN ORDER TO CONTINUE TO CHANGE LIVES FOR THE NEXT 110 YEARS AND BEYOND, THE TRUST FUNDS AND OTHER ASSETS OF THE MILTON HERSHEY SCHOOL TRUST (THE "ASSETS") ARE INVESTED FOR THE LONG TERM. DOING SO HELPS TO ENSURE FUNDS ARE AVAILABLE TO MEET CURRENT AND FUTURE OBLIGATIONS OF MILTON HERSHEY SCHOOL. THE BOARD AND THE TRUSTEE, WITH ASSISTANCE FROM THIRD-PARTY INVESTMENT CONSULTANTS, CONTINUALLY REVIEW THE PERFORMANCE OF THE ASSETS AND INVESTMENT DECISIONS. STRICT INVESTMENT GUIDELINES GOVERN A DISCIPLINED PROCESS FOR ASSET ALLOCATION, MANAGER SELECTION AND REVIEW OF MANAGEMENT FEES.
SCHEDULE D, PART X, LINE 2	TAX POSITIONS ARE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE-LIKELY THAN-NOT" THRESHOLD FOR POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE MILTON HERSHEY SCHOOL AND SCHOOL TRUST'S ACCOUNTING POLICY FOR EVALUATING UNCERTAIN TAX POSITIONS IS THAT RECOGNIZED INCOME TAX POSITIONS ARE MEASURED AT THE LARGEST AMOUNT THAT IS GREATER THAN FIFTY PERCENT LIKELY OF BEING REALIZED. THE MILTON HERSHEY SCHOOL AND SCHOOL TRUST DOES NOT BELIEVE THERE ARE ANY UNRECOGNIZED TAX BENEFITS OR LIABILITIES THAT SHOULD BE RECORDED.
SCHEDULE D, PART XI, LINE 2D	RECONCILIATION OF REVENUE PER AUDITED FIN STMTS WITH REVENUE PER RETURN PROGRAM SERVICE REVENUE (RECLASS) (412,643) RENTAL INCOME (37,291) RENTAL EXPENSES 3,866,752 ____________ 3,416,818 SCHEDULE D, PART XII, LINE 2D RECONCILIATION OF EXPENSES PER AUDITED FIN STMTS WITH EXPENSES PER RETURN RENTAL INCOME (37,291) PROGRAM SERVICE REVENUE (RECLASS) (412,643) ____________ (449,934) SCHEDULE D, PART XII, LINE 4B RECONCILIATION OF EXPENSES PER AUDITED FIN STMTS WITH EXPENSES PER RETURN UNRECOGNIZED PENSION & POST RETIREMENT GAIN (12,072,446)
SUPPLEMENTAL INFORMATION FORM 990, PARTS VIII AND IX: DETAIL OF REVENUE	PART VIII, STATEMENT OF REVENUE MILTON HERSHEY MILTON HERSHEY TOTAL LINE SCHOOL TRUST SCHOOL 1F CONTRIBUTIONS 46,170 - 46,170 2 PROGRAM SERVICE REV - 412,643 412,643 3 INVESTMENT INCOME 645,147,926 - 645,147,926 6 NET RENTAL INCOME 2,042,454 37,292 2,079,746 7(I) GAIN ON SALE-SECURITIES 610,821,453 - 610,821,453 7(II) GAIN ON SALE-OTHER 3,394,320 720,785 4,115,105 11A OTHER INCOME - - - ______________ _________ _____________ 12 TOTAL REVENUE 1,261,452,323 1,170,720 1,262,623,043 PART IX, STATEMENT OF FUNCTIONAL EXPENSES MILTON HERSHEY MILTON HERSHEY TOTAL LINE SCHOOL TRUST SCHOOL 2 GRANTS TO INDIVIDUALS - 9,551,378 9,551,378 5 COMPENSATION OF OFFICERS 1,000 5,403,125 5,404,125 7 OTHER SALARIES & WAGES - 121,084,861 121,084,861 8 PENSION PLAN CONTRIBUTIONS - 7,592,441 7,592,441 9 OTHER EMPLOYEE BENEFITS - 37,015,481 37,015,481 10 PAYROLL TAXES - 11,000,073 11,000,073 11B LEGAL FEES - 2,004,937 2,004,937 11C ACCOUNTING FEES - 274,317 274,317 11F INVEST MGMT FEES 60,890,935 - 60,890,935 11G OTHER FEES FOR SERVICES - 8,222,346 8,222,346 12 ADVERTISING - 15,392,378 15,392,378 13 OFFICE EXPENSES - 2,350,778 2,350,778 14 INFORMATION TECHNOLOGY - 4,074,572 4,074,572 16 OCCUPANCY - 7,478,353 7,478,353 17 TRAVEL - 2,336,028 2,336,028 19 CONFERENCES - 304,684 304,684 22 DEPRECIATION 210,402 43,573,332 43,783,734 23 INSURANCE - (604,210) (604,210) 24A CONTRACTED SERV/CONSULTING - 10,493,924 10,493,924 24B FOOD/CLOTHING/HOUSEHOLD - 9,593,461 9,593,461 24C EQUIP RENTAL & MAINTENANCE - 6,562,477 6,562,477 24D TRUST EXPENSES () 2,060,185 943,639 3,003,824 24E ALL OTHER EXPENSES - 13,435,873 13,435,873 ___________ ___________ ____________ 25 TOTAL FUNCTIONAL EXPENSES 63,162,522 318,084,248 381,246,770 () TRUST EXPENSES INCLUDE LEGAL, CONSULTING AND OTHER EXPENSES RELATED TO MANAGEMENT OF THE TRUST. SUPPLEMENTAL INFORMATION FORM 990, PART X, LINE 27: UNRESTRICTED NET ASSETS (INCOME FUND) MILTON HERSHEY MILTON HERSHEY TOTAL LINE SCHOOL TRUST SCHOOL 1 CASH 604,205 3,014,800 3,619,005 2 SAVINGS & TEMP INVEST 190,280,003 - 190,280,003 4 ACCOUNTS RECEIVABLE 28,025,978 3,005,582 31,031,560 8 INVENTORIES FOR SALE/USE - 3,781,201 3,781,201 9 PREPAID EXPENSES 21,471 4,168,449 4,189,920 10A PROPERTY EQPMT(COST) 1,294,659,039 156,383,645 1,451,042,684 10B LESS: ACCUMULATED DEP. (613,096,316) (56,327,531) (669,423,847) 11 INVEST: PUBLICLY TRADED 869,594,334 - 869,594,334 12 INVEST: OTHER 941,923,579 - 941,923,579 17 LIABILITIES (13,643,934)(145,611,593) (159,255,527) _____________ ____________ _____________ NET UNRESTRICTED ASSETS 2,698,368,359 (31,585,447) 2,666,782,912 OF THE $2,666,782,912 IN NET UNRESTRICTED ASSETS, $1,994,066,794 IS AVAILABLE IN MARKETABLE INVESTMENTS. THE REMAINDER OF THE NET UNRESTRICTED ASSETS IS IN NON-LIQUID REAL ESTATE, INCLUDING CAMPUS BUILDINGS, AND INVESTMENTS. FORM 990, PART X BALANCE SHEET DETAIL PART X, LINE 11 PUBLICLY TRADED SECURITIES US TREASURY BONDS 488,873,171 FMV AGENCY BONDS 435,097,153 FMV CORPORATE BONDS 1,304,311,034 FMV COMMON STOCKS-OTHER 2,352,383,889 FMV ______________ TOTAL PART X, LINE 11 4,580,665,247 PART X, LINE 12/SCHEDULE D, PART VII CLOSELY HELD EQUITY INTERESTS HERSHEY ENTERTAINMENT & RESORTS 788,300,000 FMV HERSHEY TRUST COMPANY 44,250,516 FMV THE HERSHEY CO - CLASS B SHARES 10,164,933,794 FMV THE HERSHEY CO - COMMON SHARES 384,566,729 FMV _____________ SUB-TOTAL CLOSELY-HELD INTERESTS 11,382,051,039 PART X, LINE 12 (CONTINUED) OTHER STOCK FUNDS - OTHER 3,484,847,251 OTHER BOND FUNDS 586,065,348 ALTERNATIVE ASSETS-NON MARKETABLE 2,204,673,566 _______________ SUB-TOTAL OTHER 6,275,586,165 _______________ TOTAL PART X, LINE 12 17,657,637,204

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	Yes (true)	NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures Etc	Yes (true)	PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast Media	Yes (true)	PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp Recs	Yes (true)	MaintainRacialCompRecsInd
Maintain Scholarships Recs	Yes (true)	MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures Etc	Yes (true)	MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All Sol	Yes (true)	MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts	false	DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy	false	DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty	false	DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs	false	DiscriminateRaceSchsInd
Discriminate Race Educ Plcy	false	DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts	false	DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog	false	DiscriminateRaceAthltProgInd
Discriminate Race Other Acty	false	DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd	false	GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd	false	GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550	Yes (true)	ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE E, LINE 3	FormAndLineReferenceDesc
Explanation	THE MILTON HERSHEY SCHOOL ANNUALLY PUBLISHES ITS NON-DISCRIMINATION POLICY ON THE ORGANIZATION'S WEBSITE WHICH READS AS FOLLOWS: Qualified students are eligible for admission regardless of race, color, national or ethnic origin, ancestry, sex (including sexual orientation/gender identity), religious creed, disability or any other status protected under applicable federal or Pennsylvania law to all the rights, privileges, programs, and activities generally accorded or made available to students at the school. Milton Hershey School does not discriminate on the basis of race, color, national or ethnic origin, ancestry, sex (including sexual orientation/gender identity), religious creed, disability or any other status protected under federal or Pennsylvania law, in the administration of its educational policies, admissions policies, scholarship and loan programs, and athletic and other school-administered programs.	ExplanationTxt

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp (9 entries)

RegionRegionTxt	Type Of Activities ConductedTypeOfActivitiesConductedTxt	Region Total ExpendituresRegionTotalExpendituresAmt
Middle East and North Africa	Investments	$5,110,175
Europe (Including Iceland and Greenland)	Investments	$308,475,463
Central America and the Caribbean	Investments	$994,618,459
East Asia and the Pacific	Investments	$63,753,463
North America	Investments	$177,779,952
Russia and the Newly Independent States	Investments	$318
South America	Investments	$21,111,079
South Asia	Investments	$15,414,525
Sub-Saharan Africa	Investments	$57,689,837

Field	Value	IRS element (for citing)
Subtotal Offices	0	SubtotalOfficesCnt
Subtotal Employees	0	SubtotalEmployeesCnt
Total Office	0	TotalOfficeCnt
Total Employee	0	TotalEmployeeCnt
Subtotal Spent	$1,643,953,271	SubtotalSpentAmt
Total Spent	$1,643,953,271	TotalSpentAmt
Transfer To Foreign Corp	Yes (true)	TransferToForeignCorpInd
Interest In Foreign Trust	false	InterestInForeignTrustInd
Foreign Corp Ownership	Yes (true)	ForeignCorpOwnershipInd
Passive Foreign Investmest Co	Yes (true)	PassiveForeignInvestmestCoInd
Foreign Partnership	Yes (true)	ForeignPartnershipInd
Boycott Countries	false	BoycottCountriesInd

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (true)	GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

Field	Value	IRS element (for citing)
Grant Type	Continuing Education Scholarships	GrantTypeTxt
Recipient	670	RecipientCnt
Cash Grant	$9,551,378	CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

SCHEDULE I, PART I, QUESTION 2

MONITORING THE USE OF GRANT FUNDS THE CONTINUING EDUCATION SCHOLARSHIP (CES) HAS BEEN ESTABLISHED TO PROVIDE POST-SECONDARY SCHOLARSHIP ASSISTANCE TO ELIGIBLE MILTON HERSHEY SCHOOL GRADUATES PURSUING FULL-TIME STUDY IN AN ACCREDITED UNDERGRADUATE PROGRAM WITH THE INTENTION TO EARN A DIPLOMA, CERTIFICATE, OR DEGREE. THE CES EASES - AND OFTEN ELIMINATES - THE BURDEN OF STUDENTS' POST-SECONDARY COSTS BY HELPING TO PAY FOR STANDARD FULL-TIME TUITION, FEES, ROOM AND BOARD, AND POSSIBLY HEALTH INSURANCE NOT COVERED BY AID FROM POSTSECONDARY SCHOOLS. THE CES COVERS COSTS FOR RECENT GRADUATES UP TO $105,000. THESE FUNDS ARE AVAILABLE TO ALUMNI WHO PURSUE THEIR POSTGRADUATE STUDIES WITHIN FIVE YEARS OF GRADUATION. CES STAFF AND RESOURCES ARE DEVOTED TO FOLLOWING UP WITH ALUMNI TO ENSURE THEY HAVE THE SUPPORT THEY NEED AS THEY NAVIGATE THE POSTGRADUATE YEARS. SEVENTY-FOUR PERCENT OF GRADUATES WILL IMMEDIATELY CONTINUE THEIR STUDIES AFTER LEAVING MHS BASED ON A THREE YEAR AVERAGE. THE MILTON HERSHEY SCHOOL, THROUGH CES OFFICE STAFF, UTILIZES A COMBINATION OF THE FOLLOWING DOCUMENTS TO VALIDATE SCHOLARSHIP ELIGIBILITY AND COLLEGE COST & FINANCIAL AID DATA: COLLEGE ACADEMIC TRANSCRIPTS/GRADES, A STANDARDIZED COST AND AID ASSESSMENT FORM THAT IS COMPLETED BY THE INSTITUTION'S FINANCIAL AID OFFICE (RELEASE FORM), COLLEGE BILLS, SIGNED COPIES OF LEASES/RENTAL AGREEMENTS, RECEIPTS, DEGREE COMPLETION EVALUATIONS, AND OTHER DOCUMENTATION AS NEEDED.

SCHEDULE I, PART III

GRANTS & ASSISTANCE TO INDIVIDUALS IN THE U.S. THE MILTON HERSHEY SCHOOL OFFERS A CONTINUING EDUCATION SCHOLARSHIP PROGRAM WHERE SCHOLARSHIP CREDITS ARE ACCRUED EACH YEAR OF HIGH SCHOOL. THE MAXIMUM AWARD FOR THE GRADUATING CLASS OF 2025 WILL BE $105,000. THE EARNING OF THE SCHOLARSHIP AWARD IS DEPENDENT ON THE STUDENTS' ANNUAL ACADEMIC PERFORMANCE AND CERTAIN OTHER CONDITIONS. UPON INCEPTION OF THIS PROGRAM, CURRENT HIGH SCHOOL STUDENTS WERE AWARDED THE SCHOLARSHIP CREDIT FOR GRADES PREVIOUSLY COMPLETED. STUDENTS WHO HAD GRADUATED IN OR PRIOR TO THE SPRING OF 2004 WERE NOT AFFECTED BY THE NEW POLICY. SIGNIFICANT ASSUMPTIONS IN DETERMINING THE LIABILITY FOR THIS PROGRAM INCLUDE PARTICIPATION AND DISCOUNT RATES. THE EXPENSE RECOGNIZED FOR THE CONTINUING EDUCATION PROGRAMS DESCRIBED ABOVE WAS $9,551,378 AND $10,485,470 DURING THE YEARS ENDED JULY 31, 2025 AND 2024 RESPECTIVELY, AND IS INCLUDED IN CONTINUING EDUCATION PROGRAMS ON THE STATEMENT OF ACTIVITIES OF THE MILTON HERSHEY SCHOOL AND SCHOOL TRUST FINANCIAL STATEMENTS. THE AMOUNT REPORTED COVERS THE 670 STUDENTS CURRENTLY RECEIVING CONTINUING EDUCATION SCHOLARSHIPS AS WELL AS THE 996 STUDENTS EARNING CREDITS TOWARD THEIR FUTURE SCHOLARSHIPS. SCHEDULE I, PART III, COLUMN (C): THE AMOUNT REPORTED IN COLUMN C "AMOUNT OF CASH GRANT" CONSISTS OF $7,591,768 OF CASH GRANTS PAID DURING THE YEAR AND $1,959,610 WHICH REPRESENTS AN INCREASE IN THE TUITION ACCRUAL FOR GRANTS TO BE PAID IN FUTURE YEARS. THE TOTAL OF THESE AMOUNTS IS $9,551,378.

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Travel For Companions	Yes (X)	TravelForCompanionsInd
Housing Allowance Or Residence	Yes (X)	HousingAllowanceOrResidenceInd
Club Dues Or Fees	Yes (X)	ClubDuesOrFeesInd
Personal Services	Yes (X)	PersonalServicesInd
Written Policy Ref T And E Expnss	Yes (true)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (true)	SubstantiationRequiredInd
Compensation Committee	Yes (X)	CompensationCommitteeInd
Independent Consultant	Yes (X)	IndependentConsultantInd
Form990 Of Other Organizations	Yes (X)	Form990OfOtherOrganizationsInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	false	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	false	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	false	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	false	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	false	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	false	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	false	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	false	AnyNonFixedPaymentsInd
Initial Contract Exception	false	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (29 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
ELLIOTT H ROBINSON
VP ADMINISTRATION	$369,150	$0	$0	$0	$34,284	$0	$52,095	$0	$59,368	$0	$514,897	$0	$0	$0
PETER G GURT
PRESIDENT	$621,335	$0	$200,000	$0	$16,278	$0	$52,095	$0	$89,028	$0	$978,736	$0	$0	$0
LISA RASHID
VP - COMMUNICATIONS	$285,255	$0	$0	$0	$0	$0	$0	$0	$0	$0	$285,255	$0	$0	$0
ANNETTE K COLE GILL
HEAD-MIDDLE DIVISION	$250,996	$0	$2,500	$0	$1,638	$0	$39,115	$0	$44,311	$0	$338,560	$0	$0	$0
ANDREW CLARK ESQ
VP Legal/Gen Counsel/SECRETARY	$330,171	$0	$0	$0	$2,597	$0	$41,182	$0	$44,290	$0	$418,240	$0	$0	$0
JOHN J OSMOLINSKI
SR DIR CONSTRUCTION/FAC	$204,458	$0	$2,500	$0	$3,933	$0	$31,898	$0	$36,925	$0	$279,714	$0	$0	$0
FREDA F MARTINE
SR VP OF EDU AND STUDENT LIFE	$380,481	$0	$0	$0	$5,160	$0	$17,004	$0	$39,584	$0	$442,229	$0	$0	$0
WILLIAM H WEBER III
HEAD OF DIVISIONS	$252,786	$0	$2,500	$0	$376	$0	$34,168	$0	$43,049	$0	$332,879	$0	$0	$0
M DIANE KOKEN
BOARD OF MANAGERS	$0	$105,000	$0	$0	$0	$0	$0	$170,000	$0	$0	$0	$275,000	$0	$0
TANYA BAYNHAM
FORMER VP GRAD PROG FOR SUCC	$197,518	$0	$0	$0	$0	$0	$8,213	$0	$0	$0	$205,731	$0	$0	$0
JAMES BROWN
BOARD OF MANAGERS	$0	$151,298	$0	$0	$0	$0	$0	$0	$0	$0	$0	$151,298	$0	$0
JAN L BERGEN
BOARD OF MANAGERS	$0	$151,298	$0	$0	$0	$0	$0	$0	$0	$0	$0	$151,298	$0	$0
JAMES KATZMAN
BOARD OF MANAGERS	$0	$98,425	$0	$0	$0	$1,900,635	$0	$95,948	$0	$0	$0	$2,095,008	$0	$1,900,635
Maria Kraus
Board of Managers	$0	$105,000	$0	$0	$0	$89,412	$0	$0	$0	$0	$0	$194,412	$0	$0
DENISE L ALSTON DDS
DIR DENTAL SERVICES	$216,526	$0	$2,500	$0	$469	$0	$26,018	$0	$22,918	$0	$268,431	$0	$0	$0
AMY MARSH
BOARD OF MANAGERS	$0	$151,298	$0	$0	$0	$0	$0	$0	$0	$0	$0	$151,298	$0	$0
CORDEL ROBBIN-COKER
BOARD OF MANAGERS, TREASURER	$0	$118,032	$0	$0	$0	$0	$0	$111,157	$0	$0	$0	$229,189	$0	$0
CAROL DANZ
ASSISTANT SECRETARY	$0	$114,730	$0	$1,510	$0	$1,727	$0	$11,862	$0	$31,963	$0	$161,792	$0	$0
MATTHEW JACOLIK
FORMER INTERIM TREASURER	$0	$166,499	$0	$0	$0	$364	$0	$3,498	$0	$31,131	$0	$201,492	$0	$0
ERIN OSEVALA
FIRST DEPUTY GENERAL COUNSEL	$238,041	$0	$2,500	$0	$358	$0	$20,053	$0	$43,232	$0	$304,184	$0	$0	$0
JEFFREY C PERALES
HEAD ELEMENTARY DIV UNTIL 8/25	$186,199	$0	$2,500	$0	$391	$0	$28,990	$0	$43,183	$0	$261,263	$0	$0	$0
STEPHEN VALENTINE
SR DIR QUALITY ASSURANCE	$203,629	$0	$2,500	$0	$440	$0	$32,413	$0	$42,341	$0	$281,323	$0	$0	$0
MICHAEL BERNARDO
SR DIRECTOR IT	$204,445	$0	$2,500	$0	$834	$0	$32,290	$0	$40,384	$0	$280,453	$0	$0	$0
RENEE HOLLOMAN
VP OF HR	$293,368	$0	$0	$0	$2,318	$0	$22,453	$0	$46,955	$0	$365,094	$0	$0	$0
SOLEIL CARRION DEL TORO
VP FIN/SHARED SRVCS	$249,719	$0	$0	$0	$751	$0	$21,136	$0	$44,645	$0	$316,251	$0	$0	$0
NATHANIEL MARTIN
HEAD OF SENIOR DIVISION	$184,522	$0	$10,052	$0	$253	$0	$21,375	$0	$42,878	$0	$259,080	$0	$0	$0
KRISTINA PAE
VP OF COMM AND MARKETING	$224,810	$0	$0	$0	$764	$0	$17,052	$0	$46,470	$0	$289,096	$0	$0	$0
Erica Weiler-Timmins PHD
Dir Psychological Services	$216,592	$0	$2,500	$0	$444	$0	$34,277	$0	$45,748	$0	$299,561	$0	$0	$0
Cynthia Winters
Sr. Dir Program Supt Svc	$210,011	$0	$2,500	$0	$1,633	$0	$32,049	$0	$3,362	$0	$249,555	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE J, PART I, LINE 1A	FormAndLineReferenceDesc
Explanation	TRAVEL FOR COMPANIONS SPOUSE/DEPENDENT TRAVEL: SPOUSES AND CHILDREN OF BOARD MEMBERS MAY BE INVITED TO ATTEND GRADUATION AND THE ANNUAL BOARD RETREAT AT THE DISCRETION OF THE SCHOOL OR TRUST COMPANY. IF A SPOUSE OR DEPENDENT ACCOMPANIES A BOARD MANAGER/DIRECTOR TO THE ANNUAL RETREAT, ALL CHARGES RELATED TO THE SPOUSE OR CHILD ARE THE RESPONSIBILITY OF THE MANAGER/DIRECTOR. IF A SPOUSE OR DEPENDENT ATTENDS GRADUATION WEEKEND EVENTS, THE COST OF MEALS, LODGING AND TRAVEL WILL BE PAID BY THE TRUST COMPANY AND REPORTED AS TAXABLE INCOME TO THE MANAGER/DIRECTOR. ORDINARILY, TRUST COMPANY STAFF WILL MAKE ALL TRAVEL AND LODGING ARRANGEMENTS. REIMBURSEMENT WILL ONLY BE MADE FOR THE COST OF COACH AIRFARE. ALL REQUESTS FOR EXPENSE REIMBURSEMENT MUST BE ACCOMPANIED BY ORIGINAL RECEIPTS AND MUST BE SUBMITTED WITHIN 60 DAYS OF THE DATE ON WHICH THE EXPENSES WERE INCURRED. ADEQUATE DESCRIPTIONS INCLUDING THE DATE, PURPOSE, AND INDIVIDUALS ENTERTAINED MUST ALSO BE INCLUDED. SCHEDULE J, PART I, LINE 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE THE PRESIDENT OF MILTON HERSHEY SCHOOL IS PROVIDED WITH A RESIDENCE ON CAMPUS FOR BOTH PUBLIC AND PERSONAL USE. THE PRESIDENT'S EMPLOYMENT CONTRACT INCLUDES PROVISIONS WHICH REQUIRE HOSTING BOTH INTERNAL AND EXTERNAL EVENTS ON BEHALF OF THE SCHOOL AT THE PROVIDED HOME. THE VALUE OF THESE BENEFITS (FAIR MARKET VALUE OF RENTAL) PLUS OPERATING COSTS ARE NONTAXABLE BENEFITS. SCHEDULE J, PART I, LINE 1A HEALTH CLUB DUES ALL EMPLOYEES OF THE MILTON HERSHEY SCHOOL ARE ELIGIBLE FOR REIMBURSEMENT OF HEALTH CLUB DUES NOT TO EXCEED $240 PER ANNUM FOR A SINGLE MEMBERSHIP AND $360 FOR A FAMILY MEMBERSHIP. SCHEDULE J REPORTABLE COMPENSATION MR. AND MRS. HERSHEY ORGANIZED THE MILTON HERSHEY SCHOOL ("THE SCHOOL") IN THE FORM OF A TRUST ("SCHOOL TRUST") CREATED UNDER AN ORIGINAL 1909 DEED OF TRUST THAT, AS AMENDED, STILL GOVERNS THE OPERATION OF THE SCHOOL. THE DEED OF TRUST SETS FORTH THE RESPECTIVE POWERS AND AUTHORITIES OF THE TRUSTEE AND MANAGERS OF THE SCHOOL, NAMES THE HERSHEY TRUST COMPANY, A STATE-CHARTERED TRUST COMPANY, AS TRUSTEE FOR COMPENSATION OF NO MORE THAN $1,000 PER YEAR AND PROVIDES FOR THE TRUSTEE TO APPOINT THE INDIVIDUAL MANAGERS OF THE SCHOOL FROM ITS OWN BOARD OF DIRECTORS. THE MANAGERS SUBSEQUENTLY INCORPORATED. THAT CORPORATION, ACTING AS MANAGER UNDER THE DEED OF TRUST, TOGETHER WITH THE SCHOOL TRUST ARE THE COMPONENTS OF THE INTEGRATED TAX-EXEMPT ORGANIZATION, THE MILTON HERSHEY SCHOOL AND SCHOOL TRUST (EIN: 23-1353340). MR. HERSHEY CREATED THE SAME STRUCTURE FOR HIS OTHER CHARITY, THE M.S. HERSHEY FOUNDATION (EIN: 23-6242734). AS A RESULT OF THE STRUCTURE CREATED BY MR. HERSHEY, HERSHEY TRUST COMPANY: (A) SERVES AS TRUSTEE FOR THE MILTON HERSHEY SCHOOL AND SCHOOL TRUST AND (B) SERVES AS TRUSTEE FOR THE M.S. HERSHEY FOUNDATION TRUST. THE COMPENSATION OF BOARD MEMBERS SERVING ON THE BOARDS OF ANY OF THE RELATED FOR-PROFIT ENTITIES (HERSHEY TRUST COMPANY, HERSHEY ENTERTAINMENT & RESORTS COMPANY, AND THE HERSHEY COMPANY) IS COMMENSURATE WITH THEIR RESPONSIBILITIES WITH RESPECT TO THE RELEVANT FOR-PROFIT ENTITY. THE FOLLOWING INFORMATION DETAILS THE COMPENSATION ARRANGEMENTS OF THE BOARD OF MANAGERS WHO ARE COMPENSATED BY RELATED FOR-PROFIT ENTITIES. (SCHEDULE J, PART II, LINE (II)) NONE OF THE COMPENSATION WAS PAID DIRECTLY BY MILTON HERSHEY SCHOOL AND SCHOOL TRUST (EIN 23-1353340). (SCHEDULE J, PART II, LINE (I)). JAN L. BERGEN MS. BERGEN JOINED THE BOARDS OF MILTON HERSHEY SCHOOL AND HERSHEY TRUST COMPANY IN APRIL 2017. COMPENSATION REPORTED CONSISTS ONLY OF DIRECTOR FEES RECEIVED FROM THE RELATED FOR-PROFIT COMPANY, HERSHEY TRUST COMPANY (EIN 23-069215). JAMES BROWN, ESQ. MR. BROWN JOINED THE BOARDS OF MILTON HERSHEY SCHOOL AND HERSHEY TRUST COMPANY IN FEBRUARY 2016. MR. BROWN JOINED THE HERSHEY COMPANY BOARD ON MAY 3, 2017 UNTIL MAY 2023. COMPENSATION REPORTED CONSISTS OF DIRECTOR FEES RECEIVED FROM THE RELATED FOR-PROFIT COMPANY, HERSHEY TRUST COMPANY (EIN 23-069215). MICHELA ENGLISH MS. ENGLISH JOINED THE BOARDS OF MILTON HERSHEY SCHOOL AND HERSHEY TRUST COMPANY IN JANUARY 2018. COMPENSATION REPORTED CONSISTS ONLY OF DIRECTOR FEES RECEIVED FROM THE RELATED FOR-PROFIT COMPANY, HERSHEY TRUST COMPANY (EIN 23-069215). MICHELLE M. FIGLAR MS. FIGLAR JOINTED THE BOARDS OF MILTON HERSHEY SCHOOL AND HERSHEY TRUST COMPANY IN JANUARY 2023. MS. FIGLAR JOINED THE BOARD OF THE M.S. HERSHEY FOUNDATION IN DECEMBER 2023. COMPENSATION REPORTED CONSISTS ONLY OF DIRECTOR FEES RECEIVED FROM THE RELATED FOR-PROFIT COMPANY, HERSHEY TRUST COMPANY (EIN 23-069215). MELISSA L. FULLMORE MS. FULLMORE JOINED THE BOARDS OF MILTON HERSHEY SCHOOL AND HERSHEY TRUST COMPANY IN APRIL 2017. COMPENSATION REPORTED CONSISTS ONLY OF DIRECTOR FEES RECEIVED FROM THE RELATED FOR-PROFIT COMPANY, HERSHEY TRUST COMPANY (EIN 23-069215). DAN KATZIR MR. KATZIR JOINED THE BOARDS OF MILTON HERSHEY SCHOOL AND HERSHEY TRUST COMPANY IN JANUARY 2019. COMPENSATION REPORTED CONSISTS ONLY OF DIRECTOR FEES RECEIVED FROM THE RELATED FOR-PROFIT COMPANY, HERSHEY TRUST COMPANY (EIN 23-0692150). JAMES KATZMAN MR. KATZMAN JOINED THE BOARDS OF MILTON HERSHEY SCHOOL AND HERSHEY TRUST COMPANY IN APRIL 2017 AND THE BOARD OF THE HERSHEY COMPANY IN MAY 2018 TO MAY 2024. COMPENSATION REPORTED CONSISTS ONLY OF DIRECTOR FEES RECEIVED FROM THE RELATED FOR-PROFIT COMPANIES, THE HERSHEY COMPANY (EIN 23-0691590) AND HERSHEY TRUST COMPANY (EIN 23-0692150). M. DIANE KOKEN MS. KOKEN JOINED THE BOARD OF MILTON HERSHEY SCHOOL AND HERSHEY TRUST COMPANY IN DECEMBER 2015. MS. KOKEN JOINED THE BOARD OF THE M.S. HERSHEY FOUNDATION IN JANUARY 2016. MS. KOKEN JOINED THE HERSHEY COMPANY BOARD ON MAY 3, 2017. COMPENSATION REPORTED CONSISTS ONLY OF DIRECTOR FEES RECEIVED FROM THE RELATED FOR-PROFIT COMPANY, THE HERSHEY COMPANY (EIN 23-0691590). MARIA KRAUS MS. KRAUS JOINED THE BOARDS OF MILTON HERSHEY SCHOOL AND HERSHEY TRUST COMPANY IN JANUARY 2018. MS. KRAUS JOINED THE BOARD OF THE M.S. HERSHEY FOUNDATION IN APRIL 2018. MS. KRAUS JOINED THE HERSHEY COMPANY BOARD IN MAY 2023. COMPENSATION REPORTED CONSISTS OF DIRECTOR FEES RECEIVED FROM THE RELATED FOR-PROFIT COMPANY, THE HERSHEY COMPANY (EIN 23-0691590). AMY MARSH MS. MARSH JOINED THE BOARDS OF MILTON HERSHEY SCHOOL AND HERSHEY TRUST COMPANY IN JANUARY 2019. COMPENSATION REPORTED CONSISTS ONLY OF DIRECTOR FEES RECEIVED FROM THE RELATED FOR-PROFIT COMPANY, HERSHEY TRUST COMPANY (EIN 23-0692150). CORDEL ROBBIN-COKER MR. ROBBIN-COKER JOINED THE BOARDS OF MILTON HERSHEY SCHOOL AND HERSHEY TRUST COMPANY IN JANUARY 2019. MR. ROBBIN-COKER JOINED THE HERSHEY COMPANY BOARD IN MAY 2024. COMPENSATION REPORTED CONSISTS ONLY OF DIRECTOR FEES RECEIVED FROM THE RELATED FOR-PROFIT COMPANIES, HERSHEY TRUST COMPANY (EIN 23-0692150) AND THE HERSHEY COMPANY (EIN 23-0691590). MR. ROBBIN-COKER WAS ELECTED AS TREASURER FOR MILTON HERSHEY SCHOOL AND HERSHEY TRUST COMPANY IN SEPTEMBER 2020. HE DOES NOT RECEIVE ANY COMPENSATION FOR THIS OFFICER POSITION. DAVID SALTZMAN MR. SALTZMAN JOINED THE BOARDS OF MILTON HERSHEY SCHOOL AND HERSHEY TRUST COMPANY IN DECEMBER 2014. COMPENSATION REPORTED CONSISTS ONLY OF DIRECTOR FEES RECEIVED FROM THE RELATED FOR-PROFIT COMPANY, HERSHEY TRUST COMPANY (EIN 23-0692150). HAROLD SINGLETON MR. SINGLETON JOINED THE BOARDS OF MILTON HERSHEY SCHOOL AND HERSHEY TRUST COMPANY IN JANUARY 2023. COMPENSATION REPORTED CONSISTS ONLY OF DIRECTOR FEES RECEIVED FROM THE RELATED FOR-PROFIT COMPANY, HERSHEY TRUST COMPANY (EIN 23-0692150). JASON WOLFE MR. WOLFE JOINED THE BOARDS OF MILTON HERSHEY SCHOOL AND HERSHEY TRUST COMPANY IN JANUARY 2023. MR. WOLFE JOINED THE BOARD OF THE M.S. HERSHEY FOUNDATION IN DECEMBER 2023. COMPENSATION REPORTED CONSISTS ONLY OF DIRECTOR FEES RECEIVED FROM THE RELATED FOR-PROFIT COMPANY, HERSHEY TRUST COMPANY (EIN 23-0692150). THE FOLLOWING INFORMATION DETAILS THE COMPENSATION ARRANGEMENTS OF CERTAIN OFFICERS AND KEY EMPLOYEES OF THE MILTON HERSHEY SCHOOL AND SCHOOL TRUST. THEY ARE COMPENSATED BY RELATED FOR-PROFIT ENTITIES. THEIR COMPENSATION IS ESTABLISHED BASED UPON DATA PROVIDED BY INDEPENDENT COMPENSATION CONSULTANTS. THIS PROCESS IS BASED ON POSITION COMPARABLES TAKING INTO ACCOUNT RESPONSIBILITIES AND DUTIES, AUTHORITY, AND OBJECTIVES. NONE OF THEIR COMPENSATION, EMPLOYEE BENEFIT CONTRIBUTIONS, OR NON-TAXABLE BENEFITS WAS PAID DIRECTLY BY THE MILTON HERSHEY SCHOOL AND SCHOOL TRUST DURING THE REPORTING PERIOD. CAROL DANZ MS. DANZ WAS APPOINTED ASSISTANT SECRETARY OF MILTON HERSHEY SCHOOL AND HERSHEY TRUST COMPANY (EIN: 23-0692150) IN JULY 2019. SHE ALSO SERVES AS MANAGER OF LEGAL AFFAIRS OF HERSHEY TRUST COMPANY. A PORTION OF HER 2024 COMPENSATION AND BENEFITS REPORTED BY HERSHEY TRUST COMPANY WAS REIMBURSED BY MILTON HERSHEY SCHOOL. MATTHEW JACOLIK MR. JACOLIK WAS APPOINTED INTERIM TREASURER OF MILTON HERSHEY SCHOOL AND HERSHEY TRUST COMPANY (EIN: 23-0692150) FROM APRIL 2019 TO JULY 2019. HE CURRENTLY SERVES AS CONTROLLER OF HERSHEY TRUST COMPANY. NONE OF HIS COMPENSATION, EMPLOYEE BENEFIT CONTRIBUTI	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (13 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART I, LINE 1 AND FORM 990, PART III, LINE 1	MILTON HERSHEY SCHOOL AND SCHOOL TRUST MISSION FOUNDED IN 1909 BY CHOCOLATIER MILTON S. HERSHEY AND HIS WIFE, CATHERINE, MILTON HERSHEY SCHOOL (MHS) WAS CREATED TO PROVIDE CHILDREN IN NEED WITH A NURTURING HOME, EXCEPTIONAL EDUCATION, AND THE OPPORTUNITY TO LEAD FULFILLING, PRODUCTIVE LIVES. MORE THAN 116 YEARS LATER, MHS ENDURES AS A LIVING TESTAMENT TO THE HERSHEY'S PHILANTHROPIC LEGACY, SERVING CHILDREN FROM LOW INCOME BACKGROUNDS THROUGH A COMPREHENSIVE, COST FREE, PERK THROUGH GRADE 12 RESIDENTIAL EDUCATION. MHS REMAINS ONE OF THE WORLD'S PREMIER PRIVATE SCHOOLS. STUDENTS LIVE ON CAMPUS YEAR ROUND AND RECEIVE A RIGOROUS ACADEMIC PROGRAM, CHARACTER AND CAREER FOCUSED EDUCATION, INDIVIDUALIZED CARE, AND A SAFE, FAMILY-LIKE HOME LIFE-AT NO COST TO THEIR FAMILIES. THE 2024-25 SCHOOL YEAR WAS UNIFIED BY THE THEME "RAISE THE BAR," A SCHOOLWIDE CALL TO ELEVATE EXPECTATIONS, ACCOUNTABILITY, AND PERSONAL GROWTH ACROSS ALL AREAS OF STUDENT LIFE. THIS MINDSET REINFORCED THE SCHOOL'S COMMITMENT TO EXCELLENCE IN ACADEMICS, CHARACTER DEVELOPMENT, BEHAVIOR, AND PREPARATION FOR POSTSECONDARY SUCCESS. THIS WORK CONTINUES TO BE ROOTED IN THE DEED OF TRUST. THE 2020-2025 STRATEGIC PLAN (THE MILT PLAN), WHICH CONCLUDED DURING THE 2024-25 SCHOOL YEAR, GUIDED MHS TO REACH NEW BENCHMARKS AND GOALS. THE PLAN EMPHASIZED TRANSFORMATIVE EDUCATION, CAREER FOCUSED LEARNING ALIGNED TO LABOR MARKET DEMAND, A SERVICE CENTERED CULTURE, AND WHOLE CHILD SUPPORT TO HELP STUDENTS OVERCOME BARRIERS ASSOCIATED WITH POVERTY. DURING THE 2024-25 SCHOOL YEAR, MHS SERVED A TOTAL STUDENT POPULATION OF 2,157 STUDENTS, INCLUDING 547 NEW STUDENTS, ACHIEVING A NINETY-THREE POINT TWO PERCENT NEW STUDENT RETENTION RATE AND AN OVERALL RETENTION RATE OF EIGHTY-EIGHT POINT NINE PERCENT. STUDENTS REPRESENTED DIVERSE GEOGRAPHIC AND CULTURAL BACKGROUNDS, WITH SIXTY-FIVE PERCENT FROM PENNSYLVANIA AND THIRTY-FIVE PERCENT FROM OTHER U.S. STATES. ACADEMIC OUTCOMES REMAINED AMONG THE STRONGEST IN PENNSYLVANIA. MHS STUDENTS RANKED: TOP THREE PERCENT OF ALL PENNSYLVANIA DISTRICTS IN MATH AND ENGLISH LANGUAGE ARTS PSSAS - TOP ONE PERCENT IN THE LITERATURE KEYSTONE - TOP SIX PERCENT IN THE ALGEBRA KEYSTONE - TOP FIFTEEN PERCENT IN THE BIOLOGY KEYSTONE THESE RESULTS REFLECT THE SCHOOL'S SUSTAINED FOCUS ON HIGH ACADEMIC STANDARDS AND WHOLE CHILD READINESS FOR LIFE AFTER GRADUATION. MHS STUDENTS LIVE ON CAMPUS AS PART OF THE HOME LIFE RESIDENTIAL PROGRAM, WHERE MARRIED HOUSEPARENT COUPLES CARE FOR SMALL GROUPS OF STUDENTS IN ONE OF MORE THAN 200 STUDENT HOMES. THIS FAMILY STYLE MODEL PROVIDES STABILITY, SUPERVISION, AND CONSISTENT ADULT MENTORSHIP. SENIORS PARTICIPATE IN A TRANSITIONAL LIVING PROGRAM THAT EMPHASIZES INDEPENDENT LIVING SKILLS SUCH AS PERSONAL FINANCE, SAFETY, HEALTH, AND SELF MANAGEMENT. THE SCHOOL'S WHOLE CHILD APPROACH RECOGNIZES THAT ESSENTIAL NEEDS MUST BE MET BEFORE STUDENTS CAN SUCCEED ACADEMICALLY. ALL STUDENTS RECEIVE COMPREHENSIVE WRAPAROUND SUPPORT AT NO COST, INCLUDING MEDICAL, DENTAL, VISION, BEHAVIORAL HEALTH, NUTRITION, CLOTHING, AND COUNSELING SERVICES. IN THE 2024-25 SCHOOL YEAR ALONE, SERVICES INCLUDED MORE THAN 21,900 NURSE AND PEDIATRICIAN VISITS, 13,100+ DENTAL VISITS, 54,000+ DENTAL PROCEDURES, 1,535 EYE EXAMS, 1,449 PAIRS OF EYEGLASSES, AND 3,137 IMMUNIZATIONS. BECAUSE MHS SERVES LOW INCOME CHILDREN, MANY STUDENTS HAVE EXPERIENCED ADVERSE CHILDHOOD EXPERIENCES (ACES). AMONG NEW STUDENTS IN 2024-25: - FORTY-FIVE PERCENT HAD MENTAL HEALTH ISSUES IN THEIR FAMILY - THIRTY-SEVEN PERCENT EXPERIENCED FAMILY DRUG OR ALCOHOL ISSUES - THIRTY-THREE PERCENT HAD AN INCARCERATED FAMILY MEMBER - TWENTY-FIVE PERCENT WITNESSED DOMESTIC VIOLENCE - SEVENTEEN PERCENT EXPERIENCED HOMELESSNESS THE SCHOOL'S INTEGRATED CARE MODEL HELPS MITIGATE THE EFFECTS OF TRAUMA AND PROVIDES STUDENTS WITH THE STABILITY NEEDED TO THRIVE. CAREER READINESS IS EMBEDDED THROUGHOUT THE MHS EXPERIENCE. DURING THE 2024-25 SCHOOL YEAR, STUDENTS COMPLETED MORE THAN 1,149 CAREER EXPOSURE EXPERIENCES, INCLUDING INTERNSHIPS, COOPS, PRE-APPRENTICESHIPS, AND INDUSTRY RECOGNIZED CREDENTIAL PROGRAMS. THE SCHOOL EXPANDED PARTNERSHIPS WITH HERSHEY ENTITIES AND REGIONAL EMPLOYERS TO STRENGTHEN PATHWAYS IN HIGH DEMAND FIELDS. SERVICE IS A CORE EXPECTATION FOR ALL STUDENTS. IN 2024-25, STUDENTS COMPLETED 2,432 SERVICE PROJECTS, CONTRIBUTED 46,777 VOLUNTEER HOURS, PACKED MORE THAN 100,000 MEALS FOR FOOD INSECURITY INITIATIVES, AND RAISED APPROXIMATELY $55,800 FOR FOUR DIAMONDS THROUGH MINITHON. THE CLASS OF 2025 MARKED A HISTORIC MILESTONE BY SURPASSING 12,000 TOTAL MHS GRADUATES, WITH 205 STUDENTS GRADUATING IN 2025. OF THOSE GRADUATES, SIXTEEN PERCENT INTEND TO JOIN THE WORKFORCE, ONE PERCENT INTEND TO PURSUE MILITARY SERVICE, AND EIGHTY-THREE PERCENT PLAN TO PURSUE POSTSECONDARY EDUCATION ACROSS FOUR-YEAR COLLEGES, TWO-YEAR PROGRAMS, OR TECHNICAL SCHOOLS. MHS PROVIDES EXTENSIVE POSTSECONDARY AND ALUMNI SUPPORT THROUGH ITS GRADUATE PROGRAMS FOR SUCCESS AND CONTINUING EDUCATION SCHOLARSHIP. THE LEVEL OF COLLEGE-RELATED FUNDING THE SCHOOL OFFERS ITS STUDENTS IS GREATER THAN THAT OF PEER SCHOOLS AND SCHOLARSHIP PROVIDERS. MHS AIMS TO COVER THE MAJORITY, IF NOT ALL, OF ITS GRADUATES' POSTSECONDARY EDUCATION EXPENSES, INCLUDING TUITION, FEES, BOOKS, AND ROOM AND BOARD. GRADUATES MAY ACCRUE UP TO $115,000 IN SCHOLARSHIP FUNDING OVER FOUR YEARS TO SUPPORT HIGHER EDUCATION OR CAREER CREDENTIALS. MHS SPECIALISTS CONTINUE TO SUPPORT ALUMNI AFTER GRADUATION, HELPING SUSTAIN PERSISTENCE RATES THAT EXCEED THE NATIONAL AVERAGE. CATHERINE HERSHEY SCHOOLS FOR EARLY LEARNING (CHS), A SUBSIDIARY OF MHS, EXPANDED SIGNIFICANTLY DURING 2024-25. WITH TWO FULLY OPERATIONAL CENTERS SERVING 300 CHILDREN, THE OPENING OF CHS HARRISBURG, COMPLETION OF CHS MIDDLETOWN AND CHS NEW DANVILLE, AND CONSTRUCTION UNDERWAY IN ADDITIONAL COMMUNITIES, CHS EXTENDED THE HERSHEY'S MISSION TO EARLY CHILDHOOD EDUCATION. EACH CENTER PROVIDES HIGH QUALITY CARE AT NO COST AND INCLUDES A FAMILY SUCCESS CENTER SUPPORTING A TWO-GENERATIONAL MODEL. AT MHS, OUR GOAL IS TO EMPOWER STUDENTS TO BREAK GENERATIONAL CYCLES OF POVERTY. WE PREPARE GRADUATES TO SUCCEED IN PROFESSIONAL OR TECHNICAL CAREERS THAT PROVIDE FAMILY-SUSTAINING WAGES, WHILE ALSO ENCOURAGING LIVES ROOTED IN GENEROSITY, SERVICE, AND RESPONSIBILITY. OUR GRADUATES ARE CONFIDENT, SELF-RELIANT INDIVIDUALS WHO BUILD HEALTHY RELATIONSHIPS AND MAINTAIN BALANCE ACROSS MIND, BODY, AND SPIRIT. FOR THOSE WHO WORK AT MHS, THIS MISSION IS DEEPLY PERSONAL. IT'S NOT JUST EMPLOYMENT-IT'S A COMMITMENT TO NURTURING YOUNG PEOPLE AND FORMING LASTING CONNECTIONS THAT EXTEND WELL BEYOND THEIR TIME ON CAMPUS.
FORM 990, PART I, LINE 1 AND FORM 990, PART III, LINE 1 (CONT.)	FORM OF ORGANIZATION MILTON HERSHEY SCHOOL AND SCHOOL TRUST IS AN INTEGRATED TAX EXEMPT ORGANIZATION COMPOSED OF TWO INTERRELATED ENTITIES: THE NOT-FOR-PROFIT CORPORATION, MILTON HERSHEY SCHOOL, ACTING AS MANAGER UNDER THE DEED OF TRUST, AND THE SCHOOL TRUST ITSELF. THIS INFORMATIONAL RETURN REFLECTS THE EXPENSES OF THE ORGANIZATION AS A WHOLE, INCLUDING THE COSTS OF EDUCATING AND CARING FOR ENROLLED STUDENTS, PROVIDING POST SECONDARY SCHOLARSHIPS TO ALUMNI, AND ADMINISTERING THE TRUST'S INVESTMENTS IN ACCORDANCE WITH THE DEED OF TRUST.
FORM 990, PART I, LINE 5	THIS FIGURE INCLUDES W-2 FORMS FILED WITHIN THE TAX YEAR: ALL ANCILLARY ROLES, PART-TIME INTERNSHIPS AND WORK EXPERIENCE FOR STUDENTS ON CAMPUS, POSITIONS WHICH HAVE BEEN VACATED AND FILLED BY ANOTHER INDIVIDUAL WITHIN THE YEAR, AND ONE-TIME EVENT WORKERS, FOR EXAMPLE. MILTON HERSHEY SCHOOL EMPLOYS APPROXIMATELY 1,550 FULL-TIME STAFF.
FORM 990, PART VI, SECTION A, LINE 2	FAMILY/BUSINESS RELATIONSHIP SEVERAL OF THE BOARD OF MANAGERS MEMBERS AND OFFICERS OF THE FILING ORGANIZATION ALSO SERVE AS DIRECTORS AND OFFICERS OF BUSINESS ENTITIES THAT ARE RELATED TO THIS FILING ORGANIZATION. OTHER THAN THEIR OVERLAPPING SERVICE ON RELATED COMPANY BOARDS, THEY HAVE NO FAMILY OR BUSINESS RELATIONSHIPS WITH EACH OTHER. PLEASE SEE FORM 990, SCHEDULES J AND R FOR FURTHER INFORMATION.
FORM 990, PART VI, SECTION A, LINE 7A	ELECTION OF MEMBERS OF GOVERNING BODY MR. AND MRS. HERSHEY ORGANIZED THE SCHOOL THROUGH THE MILTON HERSHEY SCHOOL SCHOOL TRUST, CREATED UNDER THE ORIGINAL 1909 DEED OF TRUST THAT, AS AMENDED, STILL GOVERNS THE OPERATION OF THE SCHOOL. THE DEED OF TRUST SETS FORTH THE RESPECTIVE POWERS AND AUTHORITIES OF THE TRUSTEE AND MANAGERS OF THE SCHOOL AND NAMES THE HERSHEY TRUST COMPANY ("HTC"), A STATE CHARTERED TRUST COMPANY, AS TRUSTEE FOR COMPENSATION OF NO MORE THAN $1,000 PER YEAR. UNDER THE DEED OF TRUST, THE TRUSTEE IS DIRECTED TO HOLD TITLE TO ALL SCHOOL PROPERTY AND ALL INVESTMENTS AND ASSETS THAT SUPPORT THE SCHOOL. THE MANAGERS, IN TURN, ARE NOT PERMITTED TO HOLD SCHOOL TRUST ASSETS; BUT, ARE OTHERWISE GENERALLY RESPONSIBLE FOR MANAGING THE SCHOOL, INCLUDING WITH RESPECT TO ADMISSIONS, THE PROGRAM OF EDUCATING AND FULL-TIME CARE OF THE CHILDREN, AND EMPLOYMENT DECISIONS. AS REQUIRED UNDER THE DEED OF TRUST, THE MEMBERS OF THE BOARD OF MANAGERS OF MILTON HERSHEY SCHOOL ARE APPOINTED BY THE TRUSTEES FROM AMONG THE TRUSTEES' OWN BOARD OF DIRECTORS. SINCE MR. HERSHEY'S DEATH IN 1945, ALL OF THE STOCK OF HTC HAS BEEN OWNED BY THE MILTON HERSHEY SCHOOL TRUST. FOURTEEN INDIVIDUALS (AS OF 12/31/25) SERVE ON THE BOARD OF DIRECTORS OF HTC AND THE BOARD OF MANAGERS OF MILTON HERSHEY SCHOOL.
FORM 990, PART VI, SECTION B, LINE 11	FORM 990 REVIEW PROCESS THE FORM 990 IS REVIEWED BY THE ORGANIZATION'S MANAGEMENT AND INDEPENDENT TAX ADVISOR, WHO SIGNS THE RETURN AS THE "PAID PREPARER." THE AUDIT COMMITTEE OF THE BOARD OF MANAGERS AND THE TRUSTEE REVIEWS AND DISCUSSES THE FORM 990 AT ONE OF ITS MEETINGS PRIOR TO FILING THE RETURN WITH THE IRS. ADDITIONALLY, THE FORM 990 IS PROVIDED TO THE FULL BOARD OF MANAGERS, NOTING KEY DISCLOSURES, PRIOR TO THE FILING OF THE FORM 990 WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12C	CONFLICT OF INTEREST THE BOARD OF MANAGERS OF MILTON HERSHEY SCHOOL OPERATES UNDER A CONFLICT OF INTEREST POLICY WHICH REQUIRES DIRECTORS TO DISCLOSE "ALL ACTUAL OR POTENTIAL CONFLICTS OF INTEREST" WITH MILTON HERSHEY SCHOOL AND SCHOOL TRUST OR HERSHEY TRUST COMPANY. THE CONFLICTS POLICY CANNOT BE MODIFIED OR AMENDED WITHOUT THE PRIOR WRITTEN APPROVAL OF THE PENNSYLVANIA OFFICE OF ATTORNEY GENERAL ("PA OAG"). MILTON HERSHEY SCHOOL'S CONFLICT OF INTEREST POLICY IS APPLICABLE TO ALL SCHOOL EMPLOYEES AND REQUIRES THE SCHOOL'S OFFICERS, MANAGERS, AND SUPERVISORS TO RESPOND ANNUALLY TO A CONFLICT DISCLOSURE SURVEY. ALL DISCLOSED CONFLICTS ARE REVIEWED BY THE SCHOOL'S CONFLICT OF INTEREST COMMITTEE AND ANY CORRECTIVE ACTION REQUIRED AS A RESULT OF THE DISCLOSED CONFLICT IS ADDRESSED WITH THE EMPLOYEE WHO MADE THE DISCLOSURE AND THEIR SUPERVISOR. THE CONFLICT OF INTEREST POLICY COVERING OFFICERS AND OTHER KEY EMPLOYEES OF HERSHEY TRUST COMPANY, TRUSTEE FOR MILTON HERSHEY SCHOOL AND SCHOOL TRUST, IS DOCUMENTED IN HERSHEY TRUST COMPANY'S ETHICAL STANDARDS, CONFLICT OF INTEREST, AND CODE OF CONDUCT SECTIONS OF ITS POLICY MANUALS. EACH MANAGER, DIRECTOR, OFFICER, AND KEY EMPLOYEE IS REQUIRED TO AVOID ALL ACTIVITY THAT COULD CREATE A CONFLICT OF INTEREST OR EVEN GIVE AN APPEARANCE OF A CONFLICT OF INTEREST. ANY CONFLICTS OF INTEREST ARE TO BE REPORTED AS SOON AS PRACTICAL AFTER THEY BECOME AWARE OF SUCH A CONFLICT. ANNUALLY, EACH MANAGER, DIRECTOR, OFFICER AND KEY EMPLOYEE IS REQUIRED TO COMPLETE AN ANNUAL STATEMENT OF DISCLOSURE. THE FORMS IDENTIFY VENDORS, INVESTMENTS, OTHER BOARD MEMBERSHIPS, AND FAMILY MEMBERS THAT COULD GIVE RISE TO CONFLICTS OF INTEREST. THE STATEMENTS ARE REVIEWED BY THE GENERAL COUNSEL OF HERSHEY TRUST COMPANY, ALONG WITH THE CHAIR OF THE NOMINATING & GOVERNANCE COMMITTEE IN ORDER FOR THEM TO BE AWARE OF ACTIVITIES THAT COULD GIVE RISE TO CONFLICTS OF INTEREST. THE RESULTS OF THIS REVIEW ARE THEN DOCUMENTED AND SHARED WITH THE NOMINATING & GOVERNANCE COMMITTEE AND THEN THE FULL BOARD.
FORM 990, PART VI, SECTION B, LINES 15A AND 15B	COMPENSATION PROCESS AN INDEPENDENT COMPENSATION CONSULTANT EVALUATES AND COMPARES THE COMPENSATION OF THE OFFICERS AND KEY EMPLOYEES OF MILTON HERSHEY SCHOOL TO SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS TO DETERMINE THAT IT IS FAIR AND REASONABLE. THIS PROCESS OCCURS AT REGULAR INTERVALS THEREAFTER, BUT NOT LESS FREQUENTLY THAN EVERY FIVE YEARS. THE COMPENSATION INFORMATION IS REVIEWED AND APPROVED BY THE BOARD OF MANAGERS, THE GOVERNING BODY OF THE MILTON HERSHEY SCHOOL, WHO DO NOT HAVE ANY CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENTS OF THE OFFICERS AND KEY EMPLOYEES. THE REVIEW OF THE COMPENSATION OF THE OFFICERS AND KEY EMPLOYEES, INCLUDING DETAIL ON THE DELIBERATIONS AND DECISIONS, IS CONTEMPORANEOUSLY DOCUMENTED WITHIN THE MINUTES FROM THE BOARD MEETING. A FILE WITH POSITION DESCRIPTIONS, RESUMES OF OFFICERS AND KEY EMPLOYEES, THE REPORT OF THE INDEPENDENT COMPENSATION CONSULTANT AND A COPY OF THE APPLICABLE BOARD MINUTES IS MAINTAINED BY THE MILTON HERSHEY SCHOOL AND SCHOOL TRUST. THE COMPENSATION OF THE OFFICERS AND KEY EMPLOYEES OF HERSHEY TRUST COMPANY, TRUSTEE OF THE SCHOOL TRUST, IS DETERMINED BY PERIODIC REVIEW (GENERALLY, AT LEAST EVERY THREE YEARS) BY THIRD PARTY COMPENSATION CONSULTANTS TO DETERMINE IT IS FAIR AND REASONABLE. THE MEMBERS OF THE BOARD OF MANAGERS OF MILTON HERSHEY SCHOOL DO NOT RECEIVE ANY DIRECT COMPENSATION FROM MILTON HERSHEY SCHOOL. THE MANAGERS RECEIVE COMPENSATION FROM HERSHEY TRUST COMPANY AS DIRECTORS OF THE HERSHEY TRUST COMPANY IN ACCORDANCE WITH ITS BYLAWS AND THE PENNSYLVANIA OFFICE OF ATTORNEY GENERAL AGREEMENT.
FORM 990, PART VI, SECTION C, LINE 17	STATE FILING OF FORM 990 THE FORM 990 IS NOT REQUIRED TO BE FILED IN THE STATE OF PENNSYLVANIA; HOWEVER, A COPY IS PROVIDED TO THE PENNSYLVANIA OFFICE OF THE ATTORNEY GENERAL FOR THEIR REVIEW.
FORM 990, PART VI, SECTION C, LINE 19	PUBLIC AVAILABILITY OF GOVERNING DOCUMENTS COPIES OF THE DEED OF TRUST WHICH ESTABLISHES THE MILTON HERSHEY SCHOOL AND SCHOOL TRUST, AND THE CONFLICT OF INTEREST POLICY ARE POSTED ON THE MILTON HERSHEY SCHOOL WEBSITE. THE MILTON HERSHEY SCHOOL AND SCHOOL TRUST HAS ITS FORM 990 POSTED ON ANOTHER WEBSITE, GUIDESTAR. INCLUDED IN THE 990 ARE CERTAIN FINANCIAL STATEMENT COMPONENTS FOR REVIEW. THE FORM 990 AND TAX EXEMPTION LETTER ARE PROVIDED TO ANYONE WHO REQUESTS THEM IN ACCORDANCE WITH IRS REGULATIONS.
FORM 990, PART VII, SECTION B	HERSHEY TRUST COMPANY IS LISTED AS AN INDEPENDENT CONTRACTOR. MILTON HERSHEY SCHOOL REIMBURSES HERSHEY TRUST COMPANY FOR THE SHARED SERVICES (COMPENSATION AND BENEFITS) OF CERTAIN INDIVIDUALS WHO PERFORM SERVICES FOR BOTH HERSHEY TRUST COMPANY AND MILTON HERSHEY SCHOOL. THE SCHOOL TRUST REIMBURSES HERSHEY TRUST COMPANY FOR INVESTMENT SERVICES.
FORM 990, PART IX, LINE 11G	OTHER FEES FOR SERVICE THIS AMOUNT IS FOR HOSPITAL, MEDICAL, AND DENTAL SERVICES PROVIDED FOR THE STUDENTS.
FORM 990, PART XI, LINE 9	RECONCILIATION OF NET ASSETS INCREASE IN UNRECOGNIZED PENSION SERVICE COST $ 12,072,446 CAPITAL CONTRIBUTION TO CHS (99,251,064) ________________ OTHER CHANGES IN NET ASSETS $(87,178,618)

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Total IncomeTotalIncomeAmt	End Of Year AssetsEndOfYearAssetsAmt	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt
MHST CORPUS LLC
PO BOX 445	HERSHEY	PA	17033	271451942	RE RENTAL	PA	$0	$0	MHS TRUST
MHST INCOME LLC
PO BOX 445	HERSHEY	PA	17033	271451914	RE RENTAL	PA	$0	$0	MHS TRUST
EATON VANCE TRUST CO HIGH YIELD CTF
TWO INTERNATIONAL PLACE	BOSTON	MA	02210	320399219	INVESTMENTS	MA	-$466,284	$0	MHS TRUST

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (6 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Exempt Code SectionExemptCodeSectionTxt	Public Charity StatusPublicCharityStatusTxt	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt	Controlled OrganizationControlledOrganizationInd
THE MS HERSHEY FOUNDATION
PO BOX 445	HERSHEY	PA	17033	236242734	EDUCATION	PA	501(c)(3)	10	HTC TRUSTEE	false
THE WILLIAM E DEARDEN ALUMNI CAMPUS INC
PO BOX 830	HERSHEY	PA	17033	202579678	SVCS TO ALUM	PA	501(c)(3)	7	NA	false
HERSHEY CEMETERY COMPANY
PO BOX 445	HERSHEY	PA	17033	231973529	CEMETERY	PA	501(c)(13)	N/A	NA	false
Hershey Cemetery Perpetual Maintenance
PO Box 445	Hershey	PA	17033	236629638	Cemetery	PA	501(c)(13)	N/A	HTC Trustee	false
CATHERINE HERSHEY SCH FOR EARLY LEARNING
1840 Fishburn Rd	HERSHEY	PA	17033	854322274	EDUCATION	PA	501(C)(3)	2	MHSST	Yes (true)
FAMILY GRATITUDE FDN IN HONOR OF GERTRUD
1201 Homestead Lane PO Box 830	Hershey	PA	170330830	841940979	SVCS TO P/S	PA	501(c)(3)	10	NA	false

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (4 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt	Predominant Income TypePredominantIncomeTypeTxt	Share Of Total IncomeShareOfTotalIncomeAmt	Share Of EOY AssetsShareOfEOYAssetsAmt	Disproportionate AllocationsDisproportionateAllocationsInd	UBI Code VUBICodeVAmt	General Or Managing PartnerGeneralOrManagingPartnerInd	OwnershipOwnershipPct
Franklin Templeton Emerging Mkt Debt Opp
PO Box 7777	San Mateo	CA	94403	263995499	INVESTMENTS	CA	MHS Trust	Excluded from Tax	$1,683,710	$77,569,939	false	$0	false	0.58953
Sands Capital Intl Growth Feeder
1000 Wilson Blvd Suite 3000	Arlington	VA	22209	842447062	INVESTMENTS	VA	MHS Trust	Excluded from Tax	$11,791,239	$66,011	false	$0	false	1.00000
Industry Ventures Private VII LP
50 Osgood Place Suite 400	San Francisco	CA	94133	993754438	Investments	CA	MHS Trust	Excluded From Tax	$12,169	$2,264,351	false	-$5,336	false	0.99511
EATON VANCE PARAMETRIC COMMODITY FUND
Two International Place	BOSTON	MA	02110	452502318	INVESTMENTS	MA	MHS TRUST	EXCLUDED FROM TAX	$3,526,960	$0	false	$0	false	0.00000

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (8 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt	Entity TypeEntityTypeTxt	Share Of Total IncomeShareOfTotalIncomeAmt	Share Of EOY AssetsShareOfEOYAssetsAmt	OwnershipOwnershipPct	Controlled OrganizationControlledOrganizationInd
HERSHEY TRUST COMPANY
PO BOX 445	HERSHEY	PA	17033	230692150	STATE TRUST CO	PA	HTC TRUSTEE	C CORP	$15,187,731	$46,922,229	1.00000	Yes (true)
HERSHEY ENTERTAINMENT & RESORTS CO
27 W CHOCOLATE	HERSHEY	PA	17033	230691815	ENTERTAINMENT	PA	HTC TRUSTEE	C CORP	$399,035,259	$481,999,833	1.00000	Yes (true)
THE HERSHEY CO
19 E CHOCOLATE AVENUE	HERSHEY	PA	17033	230691590	CONFECTIONARY	PA	HTC TRUSTEE	C CORP	$1,687,148,104	$3,288,534,882	0.79000	Yes (true)
MILTON HERSHEY SCHOOL BLK TRUST
BLACKROCK INST TR TTE 400 HOWARD S	SAN FRANCISCO	CA	94105	306349039	INVESTMENTS	CA	MHS TRUST	TRUST	$154,965,351	$2,428,887,427	1.00000	Yes (true)
HERSHEY WEST END LAND CONDO ASSOC INC
100 EAST MANSION ROAD	HERSHEY	PA	17033	462294247	CONDO ASSOCIATION	PA	HTC TRUSTEE	C corp	$16,403	$22,116	1.00000	Yes (true)
THE ORCHARD AT HERSHEY CONDO ASSOC INC
100 EAST MANSION ROAD	HERSHEY	PA	17033	462295692	INACTIVE	PA	HTC TRUSTEE	C corp	$0	$0	1.00000	Yes (true)
MS FOUNDATION BLK TRUST
400 HOWARD ST	SAN FRANCISCO	CA	94105	306349022	INVESTMENTS	CA	MSH FDN TRUST	TRUST	$0	$0	0.00000	false
14 East Condominium Association
1201 Homestead Lane	Hershey	PA	17033	993579246	CONDO ASSOCIATION	PA	MSH FDN TRUST	C Corp	$0	$0	1.00000	Yes (true)

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	Yes (true)	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	Yes (true)	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	Yes (true)	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	false	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	false	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	Yes (true)	DivRelatedOrganizationInd
Asset Sale To Other Org	Yes (true)	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	Yes (true)	AssetPurchaseFromOtherOrgInd
Asset Exchange	false	AssetExchangeInd
Rental Of Facilities To Oth Org	false	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	false	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	false	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	false	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	false	SharingOfFacilitiesInd
Paid Employees Sharing	false	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	Yes (true)	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	false	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	Yes (true)	TransferToOtherOrgInd
Transfer From Other Org	false	TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (18 entries)

Transaction TypeTransactionTypeTxt	InvolvedInvolvedAmt	Method Of Amount DeterminationMethodOfAmountDeterminationTxt
Hershey Entertainment & Resorts Co
a	$150,301	MARKET
Hershey Trust Company
a	$287,486	MARKET
The MS Hershey Foundation
a	$15,646	MARKET
Sands Capital Intl Growth Feeder
G	$43,260,411	MARKET
The Hershey Co
f	$283,290,152	MARKET
Milton Hershey School BLK Trust
g	$1,432,518,899	MARKET
Milton Hershey School BLK Trust
h	$770,932,960	MARKET
Hershey Entertainment & Resorts Co
p	$1,764,794	MARKET
The MS Hershey Foundation
p	$248,059	MARKET
The Hershey Co
P	$116,672	market
14 East Condominium Association
R	$5,800,363	MARKET
Catherine Hershey Schools for Early Learning
R	$94,736,876	MARKET
Eaton Vance Parametric Commodity Fund
F	$704,134	MARKET
Hershey Entertainment & Resorts Co
C	$548,736	MARKET
Hershey Entertainment & Resorts Co
F	$23,320,000	MARKET
Eaton Vance Parametric Commodity Fund
G	$30,679,502	MARKET
THE WILLIAM E DEARDEN ALUMNI CAMPUS INC
B	$10,000	MARKET
FAMILY GRATITUDE FDN IN HONOR OF GERTRUD
B	$16,726	MARKET

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
SCHEDULE R, PART I	DISREGARDED ENTITIES THE MILTON HERSHEY SCHOOL AND SCHOOL TRUST OWNS ONE HUNDRED PERCENT OF MHST CORPUS LLC AND MHST INCOME LLC. BOTH ARE PENNSYLVANIA SINGLE-MEMBER LIMITED LIABILITY COMPANIES. THE LLCS' PRINCIPAL ACTIVITY ARE THE ACQUISITION, HOLDING AND DEVELOPMENT OF RENT-PRODUCING REAL ESTATE, AND THEIR PRINCIPAL SOURCE OF REVENUE IS RENT. THEY ARE DISREGARDED SINGLE-MEMBER LLCS FOR TAX PURPOSES. MHST CORPUS LLC AND MHST INCOME LLC DO NOT CURRENTLY HAVE ANY ASSETS OR INCOME.
SCHEDULE R, PART II RELATED TAX-EXEMPT ORGANIZATIONS	RELATED TAX-EXEMPT ORGANIZATIONS THE CATHERINE HERSHEY SCHOOLS FOR EARLY LEARNING (EIN 85-4322274) IS A PENNSYLVANIA NONPROFIT THAT IS EXEMPT FROM FEDERAL INCOME TAX PURSUANT TO INTERNAL REVENUE CODE SECTION 501(C)(3). THE MILTON HERSHEY SCHOOL, A PENNSYLVANIA NONPROFIT CORPORATION, IS THE SOLE MEMBER OF THE CORPORATION. THE AFFAIRS OF THE CATHERINE HERSHEY SCHOOLS FOR EARLY LEARNING ARE MANAGED UNDER THE DIRECTION OF THE BOARD OF DIRECTORS, WHO ARE ELECTED ANNUALLY BY THE MILTON HERSHEY SCHOOL BOARD OF MANAGERS, UNLESS RESERVED TO OR REQUIRED TO BE EXERCISED BY THE MILTON HERSHEY SCHOOL BOARD OF MANAGERS AS SET FORTH IN THE BYLAWS OF THE CORPORATION. THE M.S. HERSHEY FOUNDATION (EIN 23-6242734) IS A PENNSYLVANIA NONPROFIT THAT IS EXEMPT FROM FEDERAL INCOME TAX PURSUANT TO INTERNAL REVENUE CODE SECTION 501(C)(3). MILTON HERSHEY FUNDED THE FOUNDATION IN 1935 AND APPOINTED HERSHEY TRUST COMPANY AS ITS TRUSTEE. THE FOUNDATION HAS SEVERAL OPERATIONS IN HERSHEY, PENNSYLVANIA INCLUDING THE HERSHEY STORY, HERSHEY GARDENS, HERSHEY COMMUNITY ARCHIVES AND THE HERSHEY THEATRE. THE MEMBERS OF THE BOARD OF MANAGERS OF THE FOUNDATION ARE APPOINTED BY THE HERSHEY TRUST COMPANY, IN ITS CAPACITY AS TRUSTEE, FROM AMONG ITS OWN BOARD OF DIRECTORS. TOGETHER THE TRUSTEE AND BOARD OF MANAGERS SERVE AS THE GOVERNING BODY OF THE FOUNDATION. HERSHEY CEMETERY COMPANY (EIN 23-1973529) IS A PENNSYLVANIA CEMETERY COMPANY THAT IS EXEMPT FROM FEDERAL INCOME TAX PURSUANT TO INTERNAL REVENUE CODE SECTION 501(C)(13). HERSHEY TRUST COMPANY OPERATES THE CEMETERY COMPANY AND IS TRUSTEE OF THE HERSHEY CEMETERY PERPETUAL MAINTENANCE FUND TRUST (EIN: 23-6629638) THAT WAS ESTABLISHED TO PROVIDE FUNDING FOR PERPETUAL MAINTENANCE FOR THE HERSHEY CEMETERY. HERSHEY CEMETERY IS THE FINAL RESTING PLACE OF MILTON AND CATHERINE HERSHEY. THE HERSHEY TRUST COMPANY AND THE HERSHEY CEMETERY COMPANY ARE RELATED TO MILTON HERSHEY SCHOOL AND SCHOOL TRUST. THE WILLIAM E. DEARDEN ALUMNI CAMPUS, INC. (EIN 20-2579678) IS A PENNSYLVANIA NONPROFIT THAT IS EXEMPT FROM FEDERAL INCOME TAX PURSUANT TO INTERNAL REVENUE CODE SECTION 501(C)(3). THE NONPROFIT'S MISSION IS TO PROMOTE AND ENHANCE THE EDUCATION AND GENERAL WELFARE OF THE STUDENTS AND ALUMNI OF THE SCHOOL; TO ACHIEVE CLOSER COOPERATION BETWEEN THE SCHOOL AND ALUMNI, IN THE INTEREST OF THE EDUCATION AND GENERAL WELFARE OF THE STUDENTS AND ALUMNI; TO DEVELOP AMONG TEACHERS, ADMINISTRATION, STUDENTS, ALUMNI AND THE GENERAL PUBLIC SUCH PROGRAMS AND ACTIVITIES AS WILL SECURE FOR ALL STUDENTS AND ALUMNI THE HIGHEST ADVANTAGES IN PHYSICAL, MENTAL AND SOCIAL EDUCATION AND DEVELOPMENT; TO SERVE AS A CLEARING HOUSE FOR THE GATHERING AND DISSEMINATION OF INFORMATION AND KNOW-HOW IN FURTHERANCE OF THE FOREGOING PURPOSES; AND TO SOLICIT AND ACCEPT DONATIONS, GIFTS, GRANTS, LEGACIES AND BEQUESTS TO FURTHER THE FOREGOING PURPOSES. PER ITS GOVERNING INSTRUMENT, SEVERAL OF THE BOARD MEMBERS ARE SELECTED FROM THE OFFICERS OF THE MILTON HERSHEY SCHOOL AND SCHOOL TRUST OR ARE APPOINTED BY THE PRESIDENT OF THE MILTON HERSHEY SCHOOL. THE FAMILY GRATITUDE FOUNDATION IN HONOR OF GERTRUDE GURT (EIN 84-1940979) IS A PENNSYLVANIA NONPROFIT THAT IS EXEMPT FROM FEDERAL INCOME TAX PURSUANT TO INTERNAL REVENUE CODE SECTION 501(C)(3). THE NONPROFIT'S MISSION IS TO CELEBRATE THE COURAGE, STRENGTH, AND RESILIENCE OF THOSE WHO ENROLL AND SUPPORT MILTON HERSHEY STUDENTS AND PROVIDE A VEHICLE FOR STUDENTS AND ALUMNI TO HONOR THEIR OWN PARENTS/SPONSORS AND THEIR COMMITMENT TO THEIR CHILDREN AND THE SCHOOL. PER ITS GOVERNING INSTRUMENT, ALL BOARD MEMBERS ARE ELECTED BY THE MEMBERS OF THE FOUNDATION. AS OF THE TIME OF THIS FILING, ALL BOARD MEMBERS ARE EMPLOYEES OR OFFICERS OF THE MILTON HERSHEY SCHOOL.
SCHEDULE R, PART IV	RELATED ORGANIZATIONS TAXABLE AS A CORPORATION OR TRUST THE MILTON HERSHEY SCHOOL AND SCHOOL TRUST HOLDS 28.01 PERCENT OF THE OUTSTANDING COMBINED COMMON AND CLASS B SHARES OF THE HERSHEY COMPANY. EACH SHARE OF THE CLASS B COMMON STOCK ENTITLES ITS HOLDER TO 10 VOTES. THE MILTON HERSHEY SCHOOL AND SCHOOL TRUST HAS 78.70 PERCENT OF ALL VOTES ENTITLED TO BE CAST ON MATTERS REQUIRING THE VOTE OF COMMON STOCK AND CLASS B COMMON STOCK VOTING TOGETHER. COLUMNS (F) AND (G) REFLECT THE MILTON HERSHEY SCHOOL AND SCHOOL TRUST'S 28.01 PERCENT SHARE OF THE HERSHEY COMPANY'S TOTAL INCOME AND END-OF-YEAR ASSETS. COLUMN (H) REFLECTS THE MILTON HERSHEY SCHOOL AND SCHOOL TRUST'S TOTAL COMBINED VOTING POWER. (PERCENTAGES AS OF DECEMBER 31, 2024) THE 14 EAST CONDOMINIUM ASSOCIATION (EIN 99-3579246) IS A PENNSYLVANIA NONPROFIT CORPORATION. THE ASSOCIATION WAS FORMED IN 2022 AS THE UNIT OWNERS' ASSOCIATION OF HERSHEY 14 EAST, A CONDOMINIUM. THE OWNERS OF THE TWO CONDOMINIUM UNITS ARE THE MILTON HERSHEY SCHOOL TRUST AND THE M.S. HERSHEY FOUNDATION TRUST. THE UNIT OWNERS WILL OCCUPY THE HISTORICAL BUILDING LOCATED AT 14 EAST CHOCOLATE AVENUE IN DOWNTOWN HERSHEY, PENNSYLVANIA. THE MHS UNIT WILL PROVIDE STAFF OFFICES AND MEETING ROOMS AS WELL AS CULTIVATE A CENTER OF EXCELLENCE TO PROVIDE EXPANDED OFFERINGS FOR STUDENTS AND GRADUATES OF MILTON HERSHEY SCHOOL TO SPARK AN ENTREPRENEURIAL MINDSET. THE MHS UNIT WILL ALSO SERVE AS A WORKSPACE AND FOR STORAGE, AND WILL HOUSE DISPLAYS FOR THE HERSHEY ARCHIVES. THE VOTING MEMBERS OF THE EXECUTIVE BOARD INCLUDE FOUR DELEGATES FROM MILTON HERSHEY SCHOOL AND ONE DELEGATE FROM THE M.S. HERSHEY FOUNDATION - PROPORTIONATE TO THE OWNERSHIP OF THE CONDOMINIUM. SCHEDULE R, PARTS III AND IV, RELATED ORGANIZATIONS TAXED AS A PARTNERSHIP AND RELATED ORGANIZATIONS TAXED AS A CORPORATION OR TRUST. THE MILTON HERSHEY SCHOOL AND SCHOOL TRUSTS INVESTED IN THREE PARTNERSHIPS THAT ARE INVESTMENT ENTITIES, IN WHICH THE SCHOOL AND SCHOOL TRUST OWNS MORE THAN FIFTY PERCENT. THE MILTON HERSHEY SCHOOL BLK TRUST OWNS SEVERAL PARTNERSHIP INTERESTS, NONE OF WHICH IS MORE THAN FIFTY PERCENT OWNERSHIP.
SCHEDULE R, PART V, LINE 2 (ITEM 6)	HERSHEY ENTERTAINMENT & RESORTS COMPANY PROVIDED SEASON PASSES, GIANT CENTER TICKETS, PROJECT FELLOWSHIP ACTIVITIES, AND OTHER BENEFITS TO MILTON HERSHEY SCHOOL STUDENTS AT NO COST. THE VALUE OF THESE BENEFITS WAS $548,736.