MILTON HERSHEY SCHOOL & SCHOOL TRUST: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: MILTON HERSHEY SCHOOL & SCHOOL TRUST (EIN 23-1353340)
Tax period: 2023-08-01 to 2024-07-31
Filed: 2025-06-16
IRS object ID: 202521679349301402
Schema version: 2023v6.0
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	2025-06-16T11:51:08-04:00	ReturnTs
Tax Period End	2024-07-31	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	2023-08-01	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	VP FINANCE	PersonTitleTxt
Phone	7175201100	PhoneNum
Signature	2025-06-16	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	P01235586	PTIN
Phone	2673303000	PhoneNum
Preparation	2025-05-07	PreparationDt

Field	Value	IRS element (for citing)
Tax	2023	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	$5,810,892,725	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	2434	TotalEmployeeCnt
Total Volunteers	438	TotalVolunteersCnt
Total Gross UBI	$13,242,709	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$540,001	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$61,062	PYContributionsGrantsAmt
CY Contributions Grants	$57,374	CYContributionsGrantsAmt
PY Program Service Revenue	$549,818	PYProgramServiceRevenueAmt
CY Program Service Revenue	$366,816	CYProgramServiceRevenueAmt
PY Investment Income	$884,454,285	PYInvestmentIncomeAmt
CY Investment Income	$810,935,425	CYInvestmentIncomeAmt
PY Other Revenue	$3,086,584	PYOtherRevenueAmt
CY Other Revenue	$2,665,019	CYOtherRevenueAmt
PY Total Revenue	$888,151,749	PYTotalRevenueAmt
CY Total Revenue	$814,024,634	CYTotalRevenueAmt
PY Grants And Similar Paid	$5,103,468	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$10,485,470	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$187,936,466	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$181,500,069	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$175,993,776	PYOtherExpensesAmt
CY Other Expenses	$178,098,097	CYOtherExpensesAmt
PY Total Expenses	$369,033,710	PYTotalExpensesAmt
CY Total Expenses	$370,083,636	CYTotalExpensesAmt
PY Revenues Less Expenses	$519,118,039	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$443,940,998	CYRevenuesLessExpensesAmt
Total Assets BOY	$24,230,059,234	TotalAssetsBOYAmt
Total Assets EOY	$23,436,170,448	TotalAssetsEOYAmt
Total Liabilities BOY	$203,385,121	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$326,642,373	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$24,026,674,113	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$23,109,528,075	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	$279,929,246	ExpenseAmt
Grant	$10,485,470	GrantAmt
Revenue	$366,816	RevenueAmt
Desc	SEE SCHEDULE O FOR FURTHER DETAILS.	Desc
Total Program Service Expenses	$279,929,246	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	205	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	2434	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 (39 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 BROWN
BOARD OF MANAGERS	6.0	3.0	Yes (X)	$0	$1,901,017	$63,984
PETER G GURT
PRESIDENT	50.0	20.0		$744,646	$0	$144,386	Yes (X)
LISA RASHID
VP - COMMUNICATIONS	48.0	4.0		$411,252	$0	$66,423	Yes (X)
ELLIOTT H ROBINSON
VP ADMINISTRATION	53.0	10.0		$375,708	$0	$100,086	Yes (X)
ANDREW CLARK ESQ
VP Legal/Gen Counsel/SECRETARY	55.0	10.0		$316,649	$0	$81,969	Yes (X)
FREDA F MARTINE
SR VP OF EDU AND STUDENT LIFE	55.0	10.0		$344,414	$0	$54,172	Yes (X)
TANYA BAYNHAM
VP GRAD PROG FOR SUCC	50.0	0.0		$322,239	$0	$42,143	Yes (X)
BETH J SHAW
EXEC DIRECTOR- STUDENT SUPPORT	55.0	10.0		$248,571	$0	$80,463		Yes (X)
ANNETTE K COLE GILL
HEAD-MIDDLE DIVISION	53.0	0.0		$246,915	$0	$79,555		Yes (X)
WILLIAM H WEBER III
HEAD OF SCHOOL DIVISION	55.0	0.0		$238,867	$0	$72,875		Yes (X)
ERIN OSEVALA
FIRST DEPUTY GENERAL COUNSEL	42.0	8.0		$243,349	$0	$61,072			Yes (X)
M DIANE KOKEN
BOARD OF MANAGERS	13.0	5.0	Yes (X)	$0	$105,000	$170,000
JAMES KATZMAN
BOARD OF MANAGERS	5.0	3.0	Yes (X)	$0	$0	$275,000
STEPHEN VALENTINE
SR DIR QUALITY ASSURANCE	47.0	8.0		$201,096	$0	$71,795			Yes (X)
JOHN J OSMOLINSKI
SR DIR CONSTRUCTION/FAC	50.5	2.0		$202,165	$0	$65,738		Yes (X)
JASON SHARP
DEPUTY GENERAL COUNSEL	35.0	15.0		$210,223	$0	$57,330			Yes (X)
JEFFERY JOHNSON
VP HUMAN RESOURCES	52.0	3.0		$218,164	$0	$49,204	Yes (X)
MICHAEL BERNARDO
SR DIRECTOR IT AS OF 5/23	48.0	2.0		$195,939	$0	$69,471		Yes (X)
DENISE L ALSTON DDS
DIR DENTAL SERVICES	55.0	0.0		$210,268	$0	$45,314			Yes (X)
SEAN MARTIN CONCANNON
Deputy General Counsel	35.0	15.0		$215,167	$0	$33,834			Yes (X)
JEFFREY C PERALES
HEAD ELEMENTARY DIVISION	50.0	0.0		$178,861	$0	$65,024		Yes (X)
SOLEIL CARRION DEL TORO
VP FIN/SHARED SRVCS AS OF 8/23	55.0	10.0		$177,949	$0	$57,999	Yes (X)
NATHANIEL MARTIN
HEAD OF SENIOR DIVISION	55.0	0.0		$172,382	$0	$60,488		Yes (X)
Maria Kraus
Board of Managers	7.0	8.0	Yes (X)	$0	$120,764	$106,484
RENEE HOLLOMAN
VP OF HR AS OF 6/23	50.0	5.0		$184,655	$0	$41,793	Yes (X)
KRISTINA PAE
VP OF COMM AND MARKETING	60.0	6.0		$143,772	$0	$52,647	Yes (X)
MATTHEW JACOLIK
INTERIM TREASURER UNTIL 7/19	41.0	1.0		$0	$158,573	$36,654				Yes (X)
CAROL DANZ
ASSISTANT SECRETARY	42.0	1.0		$0	$108,304	$41,285	Yes (X)
AMY MARSH
BOARD OF MANAGERS	8.0	0.0	Yes (X)	$0	$146,652	$0
DAN KATZIR
BOARD OF MANAGERS	5.0	0.0	Yes (X)	$0	$146,652	$0
Jason Wolfe
Board of Managers	4.0	0.0	Yes (X)	$0	$137,718	$0
DAVID SALTZMAN
Board of Managers	3.0	0.0	Yes (X)	$0	$136,652	$0
JAN L BERGEN
BOARD OF MANAGERS	4.0	0.0	Yes (X)	$0	$136,652	$0
Melissa L Fullmore
Board of Managers	3.0	0.0	Yes (X)	$0	$136,652	$0
Michela English
Board of Managers	3.0	0.0	Yes (X)	$0	$136,652	$0
CORDEL ROBBIN-COKER
BOARD OF MANAGERS, TREASURER	3.0	0.0	Yes (X)	$0	$136,652	$0	Yes (X)
Michelle M Figlar
Board of Managers	3.0	0.0	Yes (X)	$0	$136,652	$0
Harold Singleton
Board of Managers	4.0	0.0	Yes (X)	$0	$136,652	$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	$5,659,479	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$2,126,781	TotReportableCompRltdOrgAmt
Total Other Compensation	$2,016,602	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	325	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	$12,620,107
SODEXO INC AFFILIATES
PO BOX 360170	PITTSBURGH	PA	152516170	CONSTRUCTION	$7,524,000
CARLTON GEESAMAN BLDG REMODELING
10303 Mountain Road	GRANTVILLE	PA	17028	CONSTRUCTION	$4,210,819
NRG BUILDING SERVICES INC
48 S Harrisburg St - 2nd Flr	HARRISBURG	PA	17113	CONSTRUCTION	$4,002,960
DLR GROUP INC
701 8th St NW - Suite 700	WASHINGTON	DC	20001	CONSTRUCTION	$3,048,151

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	167	CntrctRcvdGreaterThan100KCnt
All Other Contributions	$57,374	AllOtherContributionsAmt
Total Contributions	$57,374	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
AG MILK, LIVESTOCK & CROP SALES	900099	$332,081	$332,081
UTILITY REBATES	900099	$14,208	$14,208
FOOD REBATES	900099	$4,189	$4,189
MEMORABILIA SALES TO PUBLIC	900099	$2,630	$2,630
ALL OTHER PROGRAM SERVICES	900099	$13,708	$13,708

Field	Value	IRS element (for citing)
Total Program Service Revenue	$366,816	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$626,934,995	TotalRevenueColumnAmt
Unrelated Business Revenue	$13,198,173	UnrelatedBusinessRevenueAmt
Exclusion	$613,736,822	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	$5,613,919	RealAmt
Personal	$0	PersonalAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$2,948,900	RealAmt
Personal	$0	PersonalAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$2,665,019	RealAmt
Personal	$0	PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$2,665,019	TotalRevenueColumnAmt
Unrelated Business Revenue	$44,536	UnrelatedBusinessRevenueAmt
Exclusion	$2,620,483	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$5,177,450,274	SecuritiesAmt
Other	$469,347	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$4,993,884,487	SecuritiesAmt
Other	$34,704	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$183,565,787	SecuritiesAmt
Other	$434,643	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$184,000,430	TotalRevenueColumnAmt
Exclusion	$184,000,430	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	$814,024,634	TotalRevenueColumnAmt
Related Or Exempt Func Income	$366,816	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$13,242,709	UnrelatedBusinessRevenueAmt
Exclusion	$800,357,735	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	$10,485,470	TotalAmt
Program Services	$10,485,470	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	$4,612,049	TotalAmt
Program Services	$2,430,710	ProgramServicesAmt
Management And General	$2,181,339	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	$117,235,237	TotalAmt
Program Services	$109,494,111	ProgramServicesAmt
Management And General	$7,741,126	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$13,596,638	TotalAmt
Program Services	$12,509,419	ProgramServicesAmt
Management And General	$1,087,219	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$35,036,221	TotalAmt
Program Services	$31,544,141	ProgramServicesAmt
Management And General	$3,492,080	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$11,019,924	TotalAmt
Program Services	$10,028,131	ProgramServicesAmt
Management And General	$991,793	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	$5,963,202	TotalAmt
Program Services	$4,721,108	ProgramServicesAmt
Management And General	$1,242,094	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$600,177	TotalAmt
Program Services	$431,496	ProgramServicesAmt
Management And General	$168,681	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	$45,211,481	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$45,211,481	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$8,238,928	TotalAmt
Program Services	$8,238,928	ProgramServicesAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$18,687,519	TotalAmt
Program Services	$6,798,741	ProgramServicesAmt
Management And General	$11,888,778	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$3,006,800	TotalAmt
Program Services	$2,755,680	ProgramServicesAmt
Management And General	$251,120	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$3,378,744	TotalAmt
Program Services	$3,176,519	ProgramServicesAmt
Management And General	$202,225	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Royalties RoyaltiesGrp

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

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$7,401,880	TotalAmt
Program Services	$6,380,514	ProgramServicesAmt
Management And General	$1,021,366	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$2,080,015	TotalAmt
Program Services	$2,026,395	ProgramServicesAmt
Management And General	$53,620	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	$523,263	TotalAmt
Program Services	$441,001	ProgramServicesAmt
Management And General	$82,262	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	$38,099,174	TotalAmt
Program Services	$32,579,023	ProgramServicesAmt
Management And General	$5,520,151	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$3,218,182	TotalAmt
Program Services	$2,719,335	ProgramServicesAmt
Management And General	$498,847	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt
CONTRACTED SERVICES	$10,615,186	$5,776,542	$4,838,644
FOOD, CLOTHING & HOUSEHOLD	$8,930,747	$8,595,101	$335,646
EQUIP RENTAL & MAINTENANCE	$6,525,888	$5,720,829	$805,059
TRUST EXPENSES	$1,131,371	$0	$1,131,371

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$14,485,540	TotalAmt
Program Services	$13,076,052	ProgramServicesAmt
Management And General	$1,409,488	ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$370,083,636	TotalAmt
Program Services	$279,929,246	ProgramServicesAmt
Management And General	$90,154,390	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	$6,922,850	BOYAmt
EOY	$2,658,683	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$71,629,169	BOYAmt
EOY	$286,739,646	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	$53,316,120	BOYAmt
EOY	$229,136,789	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	$3,662,278	BOYAmt
EOY	$3,696,031	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$3,023,346	BOYAmt
EOY	$2,137,273	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$1,497,730,305	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$632,164,791	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$841,357,196	BOYAmt
EOY	$865,565,514	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$2,396,271,599	BOYAmt
EOY	$3,510,773,622	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$20,853,876,676	BOYAmt
EOY	$18,535,462,890	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	$24,230,059,234	BOYAmt
EOY	$23,436,170,448	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$203,385,121	BOYAmt
EOY	$326,642,373	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	$203,385,121	BOYAmt
EOY	$326,642,373	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	$2,091,482,384	BOYAmt
EOY	$2,391,840,342	EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$21,935,191,729	BOYAmt
EOY	$20,717,687,733	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$24,026,674,113	BOYAmt
EOY	$23,109,528,075	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$24,230,059,234	BOYAmt
EOY	$23,436,170,448	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$443,940,998	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	-$1,286,296,579	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	-$74,790,457	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	$21,935,191,729	BeginningYearBalanceAmt
Investment Earnings Or Losses	-$1,217,503,995	InvestmentEarningsOrLossesAmt
End Year Balance	$20,717,687,734	EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

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 Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

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 Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

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

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$15,912,197,460	BeginningYearBalanceAmt
Investment Earnings Or Losses	-$351,500,127	InvestmentEarningsOrLossesAmt
End Year Balance	$15,560,697,333	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	$66,943,992	OtherCostOrOtherBasisAmt
Book Value	$66,943,992	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	$155,598,083	InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis	$1,142,858,926	OtherCostOrOtherBasisAmt
Depreciation	$579,459,457	DepreciationAmt
Book Value	$718,997,552	BookValueAmt

Field	Value	IRS element (for citing)
Leasehold Improvements		LeaseholdImprovementsGrp

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$132,329,304	OtherCostOrOtherBasisAmt
Depreciation	$52,705,334	DepreciationAmt
Book Value	$79,623,970	BookValueAmt

Field	Value	IRS element (for citing)
Other Land Buildings		OtherLandBuildingsGrp
Total Book Value Land Buildings	$865,565,514	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	$18,535,462,890	BookValueAmt
Method Valuation	F	MethodValuationCd

Field	Value	IRS element (for citing)
Total Book Value Securities	$18,535,462,890	TotalBookValueSecuritiesAmt
Federal Income Tax Liability	$0	FederalIncomeTaxLiabilityAmt
Total Liability	$0	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	-$469,730,471	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	-$1,286,296,579	NetUnrealizedGainsInvstAmt
Other Revenue	$2,541,474	OtherRevenueAmt
Revenue Not Reported	-$1,283,755,105	RevenueNotReportedAmt
Revenue Subtotal	$814,024,634	RevenueSubtotalAmt
Total Revenue Per Form990	$814,024,634	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$367,147,670	TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included	-$407,426	OtherExpensesIncludedAmt
Expenses Not Reported	-$407,426	ExpensesNotReportedAmt
Expenses Subtotal	$367,555,096	ExpensesSubtotalAmt
Other Expenses Not Included	$2,528,540	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$2,528,540	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$370,083,636	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) (366,816) RENTAL INCOME (40,610) RENTAL EXPENSES 2,948,900 ____________ 2,541,474 SCHEDULE D, PART XII, LINE 2D RECONCILIATION OF EXPENSES PER AUDITED FIN STMTS WITH EXPENSES PER RETURN RENTAL INCOME (40,610) PROGRAM SERVICE REVENUE (RECLASS) (366,816) ____________ (407,426) SCHEDULE D, PART XII, LINE 4B RECONCILIATION OF EXPENSES PER AUDITED FIN STMTS WITH EXPENSES PER RETURN UNRECOGNIZED PENSION & POST RETIREMENT GAIN (2,528,540)
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 57,374 - 57,374 2 PROGRAM SERVICE REV - 366,816 366,816 3 INVESTMENT INCOME 626,934,995 - 626,934,995 6 NET RENTAL INCOME 2,624,409 40,610 2,665,019 7(I) GAIN ON SALE-SECURITIES 183,565,787 - 183,565,787 7(II) GAIN ON SALE-OTHER 71,003 363,640 434,643 11A OTHER INCOME - - - ______________ ________ _____________ 12 TOTAL REVENUE 813,253,568 771,066 814,024,634 PART IX, STATEMENT OF FUNCTIONAL EXPENSES MILTON HERSHEY MILTON HERSHEY TOTAL LINE SCHOOL TRUST SCHOOL 2 GRANTS TO INDIVIDUALS - 10,485,470 10,485,470 5 COMPENSATION OF OFFICERS 1,000 4,611,049 4,612,049 7 OTHER SALARIES & WAGES - 117,235,237 117,235,237 8 PENSION PLAN CONTRIBUTIONS - 13,596,638 13,596,638 9 OTHER EMPLOYEE BENEFITS - 35,036,221 35,036,221 10 PAYROLL TAXES - 11,019,924 11,019,924 11B LEGAL FEES - 5,963,202 5,963,202 11C ACCOUNTING FEES - 600,177 600,177 11F INVEST MGMT FEES 45,211,481 - 45,211,481 11G OTHER FEES FOR SERVICES - 8,238,928 8,238,928 12 ADVERTISING - 18,687,519 18,687,519 13 OFFICE EXPENSES - 3,006,800 3,006,800 14 INFORMATION TECHNOLOGY - 3,378,744 3,378,744 16 OCCUPANCY - 7,401,880 7,401,880 17 TRAVEL - 2,080,015 2,080,015 19 CONFERENCES - 523,263 523,263 22 DEPRECIATION 216,589 37,882,585 38,099,174 23 INSURANCE - 3,218,182 3,218,182 24A CONTRACTED SERV/CONSULTING - 10,615,186 10,615,186 24B FOOD/CLOTHING/HOUSEHOLD - 8,930,747 8,930,747 24C EQUIP RENTAL & MAINTENANCE - 6,525,888 6,525,888 24D TRUST EXPENSES () 850,346 281,025 1,131,371 24E ALL OTHER EXPENSES - 14,485,540 14,485,540 ___________ ___________ ____________ 25 TOTAL FUNCTIONAL EXPENSES 46,279,416 323,804,220 370,083,636 () 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 ( 585,924) 3,244,357 2,658,433 2 SAVINGS & TEMP INVEST 132,009,473 - 132,009,473 4 ACCOUNTS RECEIVABLE 78,827,143 977,910 79,805,053 8 INVENTORIES FOR SALE/USE - 3,696,031 3,696,031 9 PREPAID EXPENSES 20,476 2,116,797 2,137,273 10A PROPERTY EQPMT(COST) 1,209,646,034 132,329,304 1,341,975,338 10B LESS: ACCUMULATED DEP. (579,459,457) (52,705,334) (632,164,791) 11 INVEST: PUBLICLY TRADED 563,083,338 - 563,083,338 12 INVEST: OTHER 1,098,133,786 - 1,098,133,786 17 LIABILITIES (32,193,399)(167,300,193) (199,493,592) _____________ ____________ _____________ NET UNRESTRICTED ASSETS 2,469,481,470 (77,641,128) 2,391,840,342 OF THE $2,391,840,342 IN NET UNRESTRICTED ASSETS, $1,836,011,563 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 274,355,513 FMV AGENCY BONDS 206,239,038 FMV CORPORATE BONDS 675,500,178 FMV COMMON STOCKS-OTHER 2,354,678,893 FMV ______________ TOTAL PART X, LINE 11 3,510,773,622 PART X, LINE 12/SCHEDULE D, PART VII CLOSELY HELD EQUITY INTERESTS HERSHEY ENTERTAINMENT & RESORTS 835,600,000 FMV HERSHEY TRUST COMPANY 43,148,541 FMV THE HERSHEY CO - CLASS B SHARES 10,784,780,130 FMV THE HERSHEY CO - COMMON SHARES 408,017,180 FMV _____________ SUB-TOTAL CLOSELY-HELD INTERESTS 12,071,545,851 PART X, LINE 12 (CONTINUED) OTHER STOCK FUNDS - OTHER 2,989,083,428 OTHER BOND FUNDS 1,516,709,226 ALTERNATIVE ASSETS-NON MARKETABLE 1,958,124,385 _______________ SUB-TOTAL OTHER 6,463,917,039 _______________ TOTAL PART X, LINE 12 18,535,462,890

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 (8 entries)

RegionRegionTxt	Type Of Activities ConductedTypeOfActivitiesConductedTxt	Region Total ExpendituresRegionTotalExpendituresAmt
Middle East and North Africa	Investments	$8,903,539
Sub-Saharan Africa	Investments	$51,752,941
Central America and the Caribbean	Investments	$992,502,519
East Asia and the Pacific	Investments	$59,891,497
Europe (Including Iceland and Greenland)	Investments	$262,535,029
North America	Investments	$138,595,011
Russia and the Newly Independent States	Investments	$318
South America	Investments	$20,813,886

Field	Value	IRS element (for citing)
Subtotal Offices	0	SubtotalOfficesCnt
Subtotal Employees	0	SubtotalEmployeesCnt
Total Office	0	TotalOfficeCnt
Total Employee	0	TotalEmployeeCnt
Subtotal Spent	$1,534,994,740	SubtotalSpentAmt
Total Spent	$1,534,994,740	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	735	RecipientCnt
Cash Grant	$10,485,470	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 $95,000. 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-FIVE 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 2024 WILL BE $95,000. 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 $10,485,470 AND $5,103,468 DURING THE YEARS ENDED JULY 31, 2024 AND 2023 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 735 STUDENTS CURRENTLY RECEIVING CONTINUING EDUCATION SCHOLARSHIPS AS WELL AS THE 951 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 $8,139,344 OF CASH GRANTS PAID DURING THE YEAR AND $2,346,126 WHICH REPRESENTS AN INCREASE IN THE TUITION ACCRUAL FOR GRANTS TO BE PAID IN FUTURE YEARS. THE TOTAL OF THESE AMOUNTS IS $10,485,470.

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 (27 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	$352,166	$0	$0	$0	$23,542	$0	$49,830	$0	$50,256	$0	$475,794	$0	$0	$0
PETER G GURT
PRESIDENT	$523,865	$0	$215,020	$0	$5,761	$0	$49,830	$0	$94,556	$0	$889,032	$0	$0	$0
LISA RASHID
VP - COMMUNICATIONS	$409,555	$0	$0	$0	$1,697	$0	$33,606	$0	$32,817	$0	$477,675	$0	$0	$0
ANNETTE K COLE GILL
HEAD-MIDDLE DIVISION	$243,391	$0	$2,500	$0	$1,024	$0	$37,868	$0	$41,687	$0	$326,470	$0	$0	$0
BETH J SHAW
EXEC DIRECTOR- STUDENT SUPPORT	$244,489	$0	$2,500	$0	$1,582	$0	$38,058	$0	$42,405	$0	$329,034	$0	$0	$0
ANDREW CLARK ESQ
VP Legal/Gen Counsel/SECRETARY	$314,185	$0	$0	$0	$2,464	$0	$39,089	$0	$42,880	$0	$398,618	$0	$0	$0
JOHN J OSMOLINSKI
SR DIR CONSTRUCTION/FAC	$195,955	$0	$2,500	$0	$3,710	$0	$30,551	$0	$35,187	$0	$267,903	$0	$0	$0
FREDA F MARTINE
SR VP OF EDU AND STUDENT LIFE	$339,565	$0	$0	$0	$4,849	$0	$16,495	$0	$37,677	$0	$398,586	$0	$0	$0
WILLIAM H WEBER III
HEAD OF SCHOOL DIVISION	$236,034	$0	$2,500	$0	$333	$0	$31,889	$0	$40,986	$0	$311,742	$0	$0	$0
M DIANE KOKEN
BOARD OF MANAGERS	$0	$105,000	$0	$0	$0	$0	$0	$0	$0	$0	$0	$105,000	$0	$0
TANYA BAYNHAM
VP GRAD PROG FOR SUCC	$321,427	$0	$0	$0	$812	$0	$12,289	$0	$29,854	$0	$364,382	$0	$0	$0
JAMES BROWN
BOARD OF MANAGERS	$0	$131,177	$0	$0	$0	$1,769,840	$0	$0	$0	$0	$0	$1,901,017	$0	$0
JAMES KATZMAN
BOARD OF MANAGERS	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
JEFFERY JOHNSON
VP HUMAN RESOURCES	$211,683	$0	$0	$0	$6,481	$0	$25,053	$0	$24,151	$0	$267,368	$0	$0	$0
Maria Kraus
Board of Managers	$0	$120,764	$0	$0	$0	$0	$0	$0	$0	$0	$0	$120,764	$0	$0
DENISE L ALSTON DDS
DIR DENTAL SERVICES	$207,479	$0	$2,500	$0	$289	$0	$23,591	$0	$21,723	$0	$255,582	$0	$0	$0
MATTHEW JACOLIK
INTERIM TREASURER UNTIL 7/19	$0	$153,243	$0	$5,000	$0	$330	$0	$0	$0	$0	$0	$158,573	$0	$0
ERIN OSEVALA
FIRST DEPUTY GENERAL COUNSEL	$230,642	$0	$12,500	$0	$207	$0	$20,160	$0	$40,912	$0	$304,421	$0	$0	$0
SEAN MARTIN CONCANNON
Deputy General Counsel	$212,208	$0	$2,500	$0	$459	$0	$17,477	$0	$16,357	$0	$249,001	$0	$0	$0
JEFFREY C PERALES
HEAD ELEMENTARY DIVISION	$176,125	$0	$2,500	$0	$236	$0	$24,014	$0	$41,010	$0	$243,885	$0	$0	$0
JASON SHARP
DEPUTY GENERAL COUNSEL	$207,264	$0	$2,500	$0	$459	$0	$16,172	$0	$41,158	$0	$267,553	$0	$0	$0
STEPHEN VALENTINE
SR DIR QUALITY ASSURANCE	$188,200	$0	$12,500	$0	$396	$0	$31,464	$0	$40,331	$0	$272,891	$0	$0	$0
MICHAEL BERNARDO
SR DIRECTOR IT AS OF 5/23	$192,692	$0	$2,500	$0	$747	$0	$30,388	$0	$39,083	$0	$265,410	$0	$0	$0
RENEE HOLLOMAN
VP OF HR AS OF 6/23	$133,429	$0	$50,000	$0	$1,226	$0	$15,338	$0	$26,455	$0	$226,448	$0	$0	$0
SOLEIL CARRION DEL TORO
VP FIN/SHARED SRVCS AS OF 8/23	$170,136	$0	$7,500	$0	$313	$0	$16,610	$0	$41,389	$0	$235,948	$0	$0	$0
NATHANIEL MARTIN
HEAD OF SENIOR DIVISION	$169,657	$0	$2,500	$0	$225	$0	$19,652	$0	$40,836	$0	$232,870	$0	$0	$0
KRISTINA PAE
VP OF COMM AND MARKETING	$141,165	$0	$2,500	$0	$107	$0	$12,189	$0	$40,458	$0	$196,419	$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 COMPANIES, THE HERSHEY COMPANY (EIN 23-0691590) AND 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). 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. COMPENSATION REPORTED CONSISTS ONLY OF DIRECTOR FEES RECEIVED FROM THE RELATED FOR-PROFIT COMPANY, THE HERSHEY COMPANY (EIN 23-0691590). M. DIANE KOKEN 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 COMPANIES, HERSHEY TRUST COMPANY (EIN 23-0691590) AND 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. COMPENSATION REPORTED CONSISTS ONLY OF DIRECTOR FEES RECEIVED FROM THE RELATED FOR-PROFIT COMPANY, HERSHEY TRUST COMPANY (EIN 23-0692150). 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). 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 2023 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 ALSO SERVES AS CONTROLLER OF HERSHEY TRUST COMPANY. NONE OF HIS COMPENSATION, EMPLOYEE BENEFIT CONTRIBUTIONS, OR NON-TAXABLE BENEFITS WAS PAID BY MILTON HERSHEY SCHOOL AND SCHOOL TRUST. HERSHEY TRUST COMPANY HERSHEY TRUST COMPANY, TRUSTEE, IS PAID $1,000 ANNUALLY FOR ITS SERVICES AS STIPULATED IN THE DEED OF TRUST. THE TRUSTEE'S ACTUAL TIME SPENT PER WEEK ON MILTON HERSHEY SCHOOL AND SCHOOL TRUST MATTERS WOULD BE AN ACCUMULATION OF THE OFFICER AND STAFF TIME. EACH OFFICER'S INDIVIDUAL TIME IS DETAILED ON PART VII AND SCHEDULE J. SCHEDULE J HOURS SPENT ON RELATED ORGANIZATIONS THE FOLLOWING INDICATES MILTON HERSHEY SCHOOL AND SCHOOL TRUST MANAGERS, OFFICERS AND KEY EMPLOYEES WHO ARE ALSO DIRECTORS, OFFICERS, OR KEY EMPLOYEES OF RELATED ORGANIZATIONS AND THE HOURS SPENT PER WEEK ON DUTIES FOR THESE RELATED ORGANIZATIONS DURING CALENDAR YEAR 2023. HERSHEY COMPANY HOURS ARE PRORATED BASED ON TIME OF SERVICE AS A HERSHEY COMPANY BOARD MEMBER: HERSHEY HERSHEY M.S. HERSHEY HERSHEY ENTERTAINMENT COMPANY FOUNDATION TRUST & RESORTS COMPANY COMPANY JAN BERGEN 0 0 0 FOOTNOTE 1 JAMES BROWN 0 2.0 1.0 FOOTNOTE 1 MICHAELA ENGLISH 0 0 0 FOOTNOTE 1 MICHELLE FIGLAR 0 0 0 FOOTNOTE 1 MELISSA FULLMORE 0 0 0 FOOTNOTE 1 DAN KATZIR 0 0 0 FOOTNOTE 1 JAMES KATZMAN 0 3.0 0 F	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (14 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 IN 1909, THE FAMOUS CHOCOLATIER MILTON S. HERSHEY AND HIS WIFE, CATHERINE, ESTABLISHED A HOME AND SCHOOL TO CARE FOR CHILDREN IN NEED. TODAY, MORE THAN 115 YEARS LATER, MILTON HERSHEY SCHOOL (MHS) ENDURES AS A TESTAMENT TO THEIR LEGACY, AND OUR STUDENTS STAND AS A LIVING MONUMENT TO THEIR PHILANTHROPIC SPIRIT. MHS is one of the world's best private schools. Qualifying students in pre-K through 12th grade live on campus and receive an exceptional educational experience-all costs are covered. THE 2023-24 SCHOOL YEAR BROUGHT A HEIGHTENED FOCUS TO OUR FOUNDERS' INTENT AND VISION FOR THEIR HOME AND SCHOOL. WITH MR. AND MRS. HERSHEY'S MISSION AS A GUIDE, MEMBERS OF THE MILTON HERSHEY SCHOOL COMMUNITY SHATTERED REAL AND PERCEIVED BARRIERS AND BECAME THE VERY BEST VERSIONS OF THEMSELVES, JUST LIKE THE SCHOOL-YEAR THEME-BREAKTHROUGH-MOTIVATED THEM TO DO. THE START OF THE 2024-25 SCHOOL YEAR CHALLENGED STUDENTS AND STAFF TO RAISE THE BAR BY ELEVATING STANDARDS AND EXPECTATIONS OF STUDENT BEHAVIOR. BY DEVELOPING THE MILTON HERSHEY WAY, MHS GAVE STUDENTS A ROADMAP FOR SUCCESS. DEFINED, THE MILTON HERSHEY WAY IS THE CONTINUOUS PURSUIT OF EXCELLENCE THROUGH MUTUAL RESPECT AND WORK ETHIC TO PREPARE STUDENTS FOR CAREER AND LIFE SUCCESS. THE work MHS IS DOING is rooted in THE SCHOOL'S Deed of Trust and amplified by ITS 2020-2025 strategic plan, the MILT Plan. This forward-focused approach includes goals to help students overcome the barriers that poverty has placed in their lives through an emphasis on transformative education, a service-centered culture, and individualized career-readiness training. 2024 MARKED THE COMPLETION OF THE FOURTH YEAR OF THE 2020-2025 STRATEGIC PLAN AND THE START OF THE FINAL YEAR. IN KEEPING WITH ITS GROWTH MINDSET, MHS ACHIEVED PEAK ENROLLMENT OF 2,110 IN EARLY 2024. THE SCHOOL GRADUATED 193 SENIORS-BRINGING THE TOTAL NUMBER OF MHS ALUMNI TO 11,848. MHS EXPANDED CAREER-FOCUSED EDUCATION OPPORTUNITIES AND GREW ITS CONNECTIONS WITH COMMUNITY PARTNERS AND HERSHEY ENTITIES-COMPANIES ALSO FOUNDED BY MR. HERSHEY. IN BRINGING THE MILT PLAN TO LIFE, CATHERINE HERSHEY SCHOOLS FOR EARLY LEARNING (CHS)-A SUBSIDIARY OF MHS-CELEBRATED ITS FIRST "MOVING ON" CELEBRATION AT CHS HERSHEY, COMPLETED CONSTRUCTION ON CHS HARRISBURG, AND WELCOMED ITS FIRST 150 STUDENTS IN PENNSYLVANIA'S CAPITAL CITY. CHS BROKE GROUND ON ITS LOCATION IN MIDDLETOWN (ANTICIPATED TO OPEN IN 2025), BEGAN CONSTRUCTION ON CHS NEW DANVILLE, AND STARTED CONSTRUCTION PLANNING ON CHS ELIZABETHTOWN. EACH CENTER WILL SERVE 150 CHILDREN FROM SIX WEEKS TO 5 YEARS OLD-WITH ALL COSTS COVERED-AND EACH LOCATION WILL INCLUDE A FAMILY SUCCESS CENTER TO SUPPORT A TWO-GENERATIONAL APPROACH TO LONG-TERM ACHIEVEMENT. DIFFERENT FROM CHS, STUDENTS AT MHS LIVE ON CAMPUS AS PART OF THE HOME LIFE RESIDENTIAL PROGRAM. EACH STUDENT HAS A SAFE AND SUPPORTIVE ENVIRONMENT TO CALL HOME UNDER THE WATCHFUL CARE, SUPERVISION, AND SUPPORT OF A MARRIED HOUSEPARENT COUPLE. THESE EXPERIENCED AND TRAINED ADULTS CARE FOR eight-12 STUDENTS OF SIMILAR AGES AND THE SAME GENDER IN ONE OF 208 STUDENT HOMES ACROSS CAMPUS. WHEN STUDENTS REACH THEIR SENIOR YEAR, THEY PARTICIPATE IN THE TRANSITIONAL LIVING PROGRAM, WHICH PREPARES THEM FOR LIFE AFTER GRADUATION. Seniors live in one of 10 apartment-style residences on campus under the guidance and supervision of full-time ADULT, LIVE-IN staff. THIS COLLEGE/DORMITORY LIFESTYLE AND THE ACCOMPANYING RESPONSIBILITIES HELP BUILD STUDENTS' CONFIDENCE IN LIVING INDEPENDENTLY AND FACING OTHER CHALLENGES THEY MAY ENCOUNTER AFTER HIGH SCHOOL. STUDENTS LEARN SKILLS FROM PERSONAL FINANCE AND SAFETY TO HEALTHY SLEEPING AND EATING HABITS IN THE TRANSITIONAL LIVING CURRICULUM. At MHS, THE approach to care is centered around the idea that children must first have their essential needs met before they can focus on and succeed at anything else. as part OF the School's ONGOING wraparound services and resources, students not only receive high-quality learning experiences and development opportunities, BUT also personalized medical and behavioral care, as well as dental and vision services, food, clothing, and a nurturing home life. BECAUSE MHS SERVES LOW-INCOME STUDENTS, MOST OBSTACLES STUDENTS FACE STEM FROM POVERTY-RELATED ISSUES. poverty makes them more likely to be impacted by a variety of Adverse Childhood Experiences (ACEs)-traumatic events children experience before the age of 18. IN THE 2023-24 SCHOOL YEAR, NEARLY half of new students enrolled experienced MENTAL HEALTH ISSUES IN THEIR FAMILY, THIRTY-EIGHT PERCENT HAD A FAMILY MEMBER INCARCERATED, THIRTY-SEVEN PERCENT EXPERIENCED FAMILY DRUG OR ALCOHOL ISSUES, AND NEARLY A QUARTER WITNESSED DOMESTIC VIOLENCE AND/OR EXPERIENCED HOMELESSNESS. To help address these realities, the school's whole child approach provides every student with exceptional care in a safe and nurturing environment so they can be kids. students receive support with all costs covered-this includes medical and dental care, food, clothing, shelter, and psychological, behavioral, and social work services, as well as access to extracurricular activities and resources that allow them to explore their passions. this wraparound care and support helps them cope with and reduce the negative effects of ACEs-putting them on a path to reach their personal goals and break the cycle of poverty. THE GRADUATING CLASS OF 2024 EARNED 1,283 COLLEGE CREDITS; NINETY-ONE PERCENT COMPLETED AN AUTHENTIC WORK EXPERIENCE-EITHER INTERNSHIP OR CO-OP; AND EIGHTY PERCENT ARE PURSUING A POSTSECONDARY EDUCATION. WHILE THESE STUDENTS HAVE LEFT CAMPUS, SUPPORT FOR THEM IS ONGOING. MHS ASSIGNS SPECIALISTS TO NEW GRADUATES TO HELP THEM NAVIGATE THEIR POST-HIGH SCHOOL TRANSITIONS. THESE SPECIALISTS EVEN VISIT OUR ALUMNI ON COLLEGE CAMPUSES TO KEEP THEM ON THE PATH TO ACCOMPLISHING THEIR SHORT- AND LONG-TERM GOALS. 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. MHS SEEKS TO PRODUCE GRADUATES WHO BREAK THE CYCLE OF POVERTY. TO DO THIS, GRADUATES MUST BE ABLE TO EARN FAMILY-SUSTAINING WAGES IN A PROFESSIONAL OR TECHNICAL CAREER. IN ADDITION, THEY MUST SHOW GENEROSITY AND GIVE BACK TO OTHERS, DEMONSTRATE MORAL AND SOCIAL RESPONSIBILITY, BE SELF-MANAGING AND SELF-SUFFICIENT, DEVELOP AND MAINTAIN HEALTHY RELATIONSHIPS, AND SHOW A BALANCE OF WELLNESS IN MIND, BODY, AND SPIRIT. FOR THE MAJORITY OF THE EMPLOYEES WHO WORK AT MHS, IT IS MORE THAN JUST A JOB-IT'S AN INVESTMENT, NURTURING YOUNG LIVES AND CREATING RELATIONSHIPS AND BONDS THAT LAST WELL BEYOND GRADUATION.
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 BOTH THE NOT-FOR-PROFIT CORPORATION, MILTON HERSHEY SCHOOL, ACTING AS "MANAGERS" UNDER THE DEED OF TRUST, AND THE SCHOOL TRUST ITSELF. THIS INFORMATIONAL RETURN IS REQUIRED TO INCLUDE THE EXPENSES OF THE ORGANIZATION AS A WHOLE, WITH DETAIL AS REQUIRED BY THE FORM INSTRUCTIONS. AS A RESULT, THIS RETURN INCLUDES ALL EXPENSES OF SERVING THE STUDENTS ENROLLED IN THE SCHOOL AND SCHOLARSHIP COSTS FOR ALUMNI PURSUING CONTINUING EDUCATION, AS WELL AS THE COSTS ASSOCIATED WITH ADMINISTERING THE INVESTMENTS HELD IN THE SCHOOL 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 III	PROGRAM SERVICE ACCOMPLISHMENTS MILTON HERSHEY SCHOOL SEEKS TO NURTURE AND EDUCATE THE WHOLE CHILD, WHICH MEANS THE SCHOOL PROVIDES FOR EACH CHILD IN A COMPREHENSIVE MANNER-COVERING THE EXPENSES OF, BUT NOT LIMITED TO THE FOLLOWING: - THE EDUCATION OF STUDENTS IN STATE-OF-THE-ART CLASSROOMS WITH SMALL CLASS SIZES, AVERAGING 15 STUDENTS PER CLASSROOM - THE physical, medical, DENTAL, AND PSYCHOLOGICAL CARE OF ALL STUDENTS - CLOTHING, FOOD, AND ROOM AND BOARD - CAREER AND TECHNICAL TRAINING, COLLEGE COURSES BEFORE GRADUATION, VISUAL AND PERFORMING ARTS, MUSICAL INSTRUCTION, ATHLETIC PROGRAMS AND CAMPS, AND AGRICULTURAL AND ENVIRONMENTAL EDUCATION OFTEN NEW STUDENTS WHO ENROLL AT THE SCHOOL ARE AT LEAST ONE OR TWO GRADE LEVELS BEHIND BECAUSE OF FACTORS RELATED TO POVERTY, SUCH AS HOMELESSNESS, FAMILY DRUG AND ALCOHOL ADDICTION, MENTAL ILLNESS, OR NEIGHBORHOOD VIOLENCE. AT MILTON HERSHEY SCHOOL, STUDENTS ARE GIVEN PSYCHOLOGICAL AND EMOTIONAL SUPPORT WHEN NEEDED. IN THE 2023-24 SCHOOL YEAR, NEARLY half of new students enrolled experienced MENTAL HEALTH ISSUES IN THEIR FAMILY, THIRTY-EIGHT PERCENT HAD A FAMILY MEMBER INCARCERATED, THIRTY-SEVEN PERCENT EXPERIENCED FAMILY DRUG OR ALCOHOL ISSUES, AND NEARLY A QUARTER WITNESSED DOMESTIC VIOLENCE AND/OR EXPERIENCED HOMELESSNESS. DESPITE THESE CHALLENGES, MILTON HERSHEY SCHOOL STUDENTS ARE RESILIENT AND HAVE HIGH POTENTIAL FOR SUCCESS IN THE SCHOOL'S UNIQUE NURTURING ENVIRONMENT. IN ADDITION TO HOUSING, FOOD, AND CLOTHING, EACH STUDENT RECEIVES REGULAR MEDICAL, VISION, AND DENTAL CHECKUPS FROM THE SCHOOL, AS WELL AS ANY NECESSARY HEALTH SERVICE OR MEDICATION. DURING SCHOOL YEAR 2023-24, THERE WERE 21,480 NURSE AND PEDIATRICIAN VISITS IN SCHOOL CLINICS AND IN MHS HEALTH CENTER TREATMENT ROOMS, IN ADDITION TO more than 53,000 DENTAL PROCEDURES PERFORMED ON STUDENTS. A STRONG FOCUS ON CAREER AND TECHNICAL EDUCATION, JOB SHADOWING, AND HANDS-ON LEARNING THROUGH INTERNSHIPS, CO-OPS, AND pre-APPRENTICESHIPS HELPS TO PREPARE STUDENTS FOR LIFE BEYOND MILTON HERSHEY SCHOOL. STUDENTS IN ALL GRADE LEVELS, INCLUDING ELEMENTARY STUDENTS, ARE EXPOSED TO AGE- AND GRADE-APPROPRIATE CAREER AND TECHNICAL EDUCATION. YOUNG LEARNERS START WITH HANDS-ON ACTIVITIES AND GUEST SPEAKERS WHILE HIGH SCHOOL STUDENTS COMPLETE INTERNSHIPS AND ACCREDITED INDUSTRY CERTIFICATIONS. THERE ARE nearly a dozen CAREER programs THAT STUDENTS can PURSUE, INCLUDING BUSINESS/FINANCIAL MANAGEMENT & ACCOUNTING; LAW, PUBLIC SAFETY, & SECURITY; COMPUTER SCIENCE & INNOVATION; AGRICULTURE & NATURAL RESOURCES; AND EDUCATION & HUMAN 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: 279,929,246 LESS: LINE 22 DEPRECIATION (32,579,023) LINE 2 GRANTS (10,485,470) -------------- TOTAL EXPENSES 236,864,753 TOTAL NUMBER OF STUDENTS: 2,110 GAAP Cost per Student - Total Expenses (Part IX Line 25) $370,083,636 (TOTAL EXPENSES/2,110) = $175,395 Total Annual Cost per Student- School and Trust Total Program expenses less depreciation (Part IX line 22) and CES Grants (Part IX line 2) $236,864,753 (TOTAL EXPENSES)/2,110 (TOTAL NUMBER OF STUDENTS) = $112,258 MHS DIRECT COST PER STUDENT - SCHOOL ONLY A PREMIER BOARDING SCHOOL LIKE MILTON HERSHEY SCHOOL, the annual investment of more than $110,000 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.
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. TWELVE INDIVIDUALS (AS OF 12/31/24) SERVE ON THE BOARD OF DIRECTORS OF HTC AND THE BOARD OF MANAGERS OF MILTON HERSHEY SCHOOL. IN 2023-24, THE MHS BOARD OF MANAGERS AND THE HERSHEY TRUST COMPANY (HTC) BOARD OF DIRECTORS ANNOUNCED THE ELECTION OF MARIA TRINH KRAUS '89 AS CHAIRMAN. KRAUS IS THE FIRST FEMALE MHS GRADUATE TO SERVE IN THIS POSITION. SHE WAS ELECTED TO THE MHS AND HTC BOARDS IN 2018 AND MOST RECENTLY SERVED AS VICE CHAIRMAN, A POSITION TO WHICH SHE WAS APPOINTED IN 2020.
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 DECREASE IN UNRECOGNIZED PENSION SERVICE COST $ (2,528,541) CAPITAL CONTRIBUTION TO CHS (72,261,916) ________________ OTHER CHANGES IN NET ASSETS $(74,790,457)

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	$10,299,159	$252,549,097	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 (3 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	$8,199,962	$123,497,310	false	$0	false	1.00000
Sands Capital Intl Growth Feeder
1000 Wilson Blvd Suite 3000	Arlington	VA	22209	842447062	INVESTMENTS	VA	MHS Trust	Excluded from Tax	$55,642	$31,734,038	false	$0	false	1.00000
Eaton Vance Parametric Commodity Fund
Two International Place	Boston	MA	02110	452502318	Investments	MA	MHS Trust	Excluded from Tax	-$3,103,632	$56,095,089	false	$0	false	0.90038

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	$15,115,490	$47,132,950	1.00000	Yes (true)
HERSHEY ENTERTAINMENT & RESORTS CO
27 W CHOCOLATE	HERSHEY	PA	17033	230691815	ENTERTAINMENT	PA	HTC TRUSTEE	C CORP	$383,933,240	$455,486,883	1.00000	Yes (true)
THE HERSHEY CO
19 E CHOCOLATE AVENUE	HERSHEY	PA	17033	230691590	CONFECTIONARY	PA	HTC TRUSTEE	C CORP	$1,776,849,393	$3,379,229,325	0.78770	Yes (true)
MILTON HERSHEY SCHOOL BLK TRUST
BLACKROCK INST TR TTE 400 HOWARD S	SAN FRANCISCO	CA	94105	306349039	INVESTMENTS	CA	MHS TRUST	TRUST	$13,134,908	$1,446,577,479	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	$16,525	$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	false	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 (19 entries)

Transaction TypeTransactionTypeTxt	InvolvedInvolvedAmt	Method Of Amount DeterminationMethodOfAmountDeterminationTxt
Hershey Entertainment & Resorts Co
a	$149,682	MARKET
Hershey Trust Company
a	$281,083	MARKET
The MS Hershey Foundation
a	$15,646	market
Eaton Vance Trust Co High Yield CTF
f	$8,367,583	MARKET
The Hershey Co
f	$264,860,322	MARKET
Milton Hershey School BLK Trust
g	$2,474,611,276	MARKET
Milton Hershey School BLK Trust
h	$2,004,817,851	MARKET
Hershey Entertainment & Resorts Co
p	$2,186,539	MARKET
The MS Hershey Foundation
p	$301,058	MARKET
The Hershey Co
P	$98,611	market
Franklin Templeton Emerging Mkts Debt
g	$47,000,000	MARKET
14 East Condominium Association
R	$7,590,000	MARKET
Catherine Hershey Schools for Early Learning
R	$4,053,683	MARKET
Eaton Vance Parametric Commodity Fund
F	$1,404,047	MARKET
Hershey Entertainment & Resorts Co
C	$541,801	MARKET
Hershey Entertainment & Resorts Co
F	$22,163,000	MARKET
Eaton Vance Parametric Commodity Fund
G	$37,000,000	MARKET
Eaton Vance Trust Co High Yield CTF
G	$250,168,963	MARKET
Eaton Vance Parametric Commodity Fund
H	$920,000	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 27.73 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 78.77 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 27.73 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, 2023) 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 $541,801.