Hershey Story: In Chocolate We Trust

The Wall Street Journal: “In the early 20th century, Milton Hershey transformed chocolate from a luxury good to a working-class staple. It made him a fortune, which he used to establish Hershey, Pa.—a model company town 100 miles west of Philadelphia and the self-proclaimed ‘sweetest place on earth.’ He also established an orphanage, the Milton Hershey School, to provide housing and education primarily for children from the area.”

“Hershey and his wife supported the school through a trust, which they established in 1905. By 1918, when he donated his full stake in his chocolate company to the trust, the trust was valued at $60 million. Today it is worth more than $14 billion—ranking it among the largest nonprofit endowments in the nation, on a par with MIT’s—and has maintained a profound commitment to its locale.”

“Peter Kurie’s ‘In Chocolate We Trust: The Hershey Company Town Unwrapped’ is a study of the town and of its residents’ shifting attitudes toward its institutional trinity of trust, company and school … He demonstrates how a philanthropic institution can continue to reflect a founder’s vision while shaping and being shaped by the community that grows up around it, one whose bonds can often be bittersweet.”

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