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Milton S. Hershey, c. 1915 Milton Snavely Hershey (September 13, 1857 – October 13, 1945) was an American chocolatier, businessman, and philanthropist.. Trained in the confectionery business, Hershey pioneered the manufacture of caramel, using fresh milk.
The Hershey Company was founded by Milton S. Hershey in 1894 as the Hershey Chocolate Company, originally established as a subsidiary of his Lancaster Caramel Company. The Hershey Trust Company owns a minority stake but retains a majority of the voting power within the company. [6] Hershey's chocolate is available in 60 countries. [7]
Hershey Trust also serves as trustee of the Hershey Cemetery Perpetual Care Maintenance Trust. The company was trustee of the Milton S. Hershey Testamentary Trust until 2012. [25] This trust was established in 1945 upon Milton Hershey's death, endowed with his remaining fortune of $900,000, for the benefit of the Derry Township School District ...
From 1930 to 1936, Milton Hershey had spent more than $10 million on building up Hershey, Pennsylvania, but he reduced hours of his employees and stopped paying annual bonuses. [ 3 ] : 218–219 In those six years, the Hershey Chocolate Corporation made more than $37 million in after-tax profits.
Milton S. Hershey, creator of The Hershey Company, was a chocolate industrialist and had founded the town of Hershey, Pennsylvania. [8] On November 15, 1909, [9] he and his wife, Catherine Hershey, signed over a 486-acre (1.97 km 2) piece of farmland, forming the Hershey Industrial School. [10]
Catherine Sweeney Hershey was a known gardener and designed the gardens at her homes and the Milton Hershey School. Regardless of this, their marriage was seen as a successful and happy one. Especially when Hershey purchased a nearby home for his mother to move into (a tactic he would also employ when they moved to, and settled the town of ...
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The Milton S. Hershey Mansion, also known as High Point, is a historic house at 100 Mansion Road East in Hershey, Pennsylvania. Built in 1908, it was the home of Hershey Chocolate founder Milton S. Hershey (1857-1945) from 1908 until his death. [ 3 ]