HERSHEY TRUST CO

Hershey Trust Co. is a trust company that is based out of Hershey, Pennsylvania. The company operates as a subsidiary of Milton Hershey School Trust and currently services as the trustee for the Milton Hershey School Trust, The M.S. Hershey Foundation Trust and the Hershey Cemetery Trust. Hershey Trust Co. can trace its history back to 1905 when it was created by Milton S. Hershey when he decided to create the Milton Hershey School. The school would be officially funded in 1909, and Milton S. Hershey would be appointed as the administrator of the school’s trust. The company would continue to handle the trust of the school and, when Milton S. Hershey died in 1945, would become the administrator for Hershey Estates which has since been renamed to the Hershey Entertainment and Resorts Company. Under administration of the Hershey Trust Co., the M. S. Hershey Foundation Trust includes a variety of entities including the Hershey Gardens, Hershey Theater, Hershey Community Archives, Hershey Cemetery, and Hershey Museum as well as the Penn State Milton S. Hershey Medical Center that was established through funds provided by the Milton Hershey School Trust. Today the Milton Hershey School has been in operation for over a century and focuses on helping children to “realize their full potential by offering a top-notch education to students in pre-kindergarten through 12th grade from income-eligible families,” providing a private cost free education with “state-of-the-art facilities, advanced technology and hundreds of extracurricular activities.” To provide funds for this school, the Hershey Trust Company is headed by Eric Henry, who acts as the company’s CEO and CIO, and Gayla M. Bush, who works as the fund’s Vice President of Finance and Treasurer. The company invests almost exclusive in the consumer staples sector, which makes up over 90% of its holdings made out of its holdings in the Hershey Company itself.