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Pennsylvania · Nonprofit

MILTON HERSHEY SCHOOL AND SCHOOL TRUST

MILTON HERSHEY SCHOOL AND SCHOOL TRUST (Pennsylvania) receives grants from 2 organizations whose IRS filings report $99 to it, the largest being AETNA FOUNDATION INC ($99). 0 of them have funded it in more than one year.

Revenue FY2025
$1.3B
Funders on record
2
Grants received
$99
Net assets
$23.3B
0/2 repeat funderspeak grant-dependency 0%
01What it does

What Milton Hershey School and School Trust does

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.

As stated on its FY2025 Form 990.

Program

  1. Program service accomplishments milton hershey school is committed to educating and nurturing the whole child-academically, physically, emotionally, and socially. Thanks to the vision and generosity of milton and catherine hershey, every enrolled student receives comprehensive care and opportunity at no cost to their family. This includes: - high-quality education delivered instate-of-the-artclassrooms with small class sizes, ensuring personal attention and tailored instruction. - the physical, mental, dental, and psychological care of all students. - nutritious meals, clothing, and safe year-round housing, creating consistency and stability that enable students to focus on learning and growth. - robust career and technical education (cte) offerings, college-level coursework, arts and music programs, athletics, agricultural education, and hands-on learning opportunities in authentic work settings. Many childrenenrollingat mhs come from environments shaped by poverty-related stressors. In the 2024-25 school year, new students reportedhigh levelsof adverse childhood experiences (aces), including: - forty-five percent had mental health issues in their family - thirty-seven percent…

    $275,394,785 spentof which $9,551,378 as grants$412,643 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $275,394,785.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($470M) Expenses 100 ($272M) Net assets 100 ($14.0B)2018 Revenue 228 ($1.1B) Expenses 105 ($285M) Net assets 99 ($13.8B)2019 Revenue 307 ($1.4B) Expenses 113 ($306M) Net assets 124 ($17.4B)2020 Revenue 98 ($462M) Expenses 106 ($287M) Net assets 123 ($17.2B)2021 Revenue 216 ($1.0B) Expenses 112 ($304M) Net assets 152 ($21.2B)2022 Revenue 310 ($1.5B) Expenses 114 ($309M) Net assets 166 ($23.3B)2023 Revenue 189 ($888M) Expenses 136 ($369M) Net assets 172 ($24.0B)2024 Revenue 173 ($814M) Expenses 136 ($370M) Net assets 165 ($23.1B)2025 Revenue 269 ($1.3B) Expenses 140 ($381M) Net assets 167 ($23.3B)
'17'18'19'20'21'22'23'24'25
Revenue (269)Expenses (140)Net assets (167)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $17.4B to $21.4B (+23%).

$14.2B
$14.0B
$17.7B
$17.4B
$21.4B
$23.5B
$24.2B
$23.4B
$23.6B
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

0% of MILTON HERSHEY SCHOOL AND SCHOOL TRUST’s revenue is contributions — more earned-revenue than three-quarters of its peers (14% for the typical peer).

This organization
Typical peer · 731 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 9 reported years ran a deficit.

$198M
’17
$785M
’18
$1.1B
’19
$175M
’20
$713M
’21
$1.1B
’22
$519M
’23
$444M
’24
$881M
’25
8.9
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

'17'18'19'20'21'22'23'24'25
Listed343232353334333836
Joined·+6+4+4+2+1+3+7+2
No longer listed·84140424
03Who funds it

Who funds it, year by year

2018 → 2020: the base held at 1 funder, grant income rose $0 → $99.

Funder
'18
'20
total
funders
1
1

From the IRS filings of MILTON HERSHEY SCHOOL AND SCHOOL TRUST’s funders (the co-funder graph). Top 1 of 2 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

MILTON HERSHEY SCHOOL AND SCHOOL TRUST draws 100% of its grant income from funders outside Pennsylvania, across 1 state in all.

CT

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

MILTON HERSHEY SCHOOL AND SCHOOL TRUST runs a healthier operating margin than three-quarters of the 679 education nonprofits its size.

Operating margin70% · top quartile
Months of reserve8.9mo · top quartile
Revenue growth (annualized)13% · top quartile

this organization peer median middle 50% of peers· 679 education nonprofits over $100M, FY2025

Organizations like MILTON HERSHEY SCHOOL AND SCHOOL TRUST

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Pennsylvania

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

72% of spending goes to programs.

Program 72%Management 28%Fundraising 0%

Governance

14
board members
0%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Footprint & structure

Part of a family of 21 related entities

  • Mhst Corpus LLC · disregarded
  • Mhst Income LLC · disregarded
  • Eaton Vance Trust Co High Yield Ctf · disregarded
  • The Ms Hershey Foundation · exempt
  • The William E Dearden Alumni Campus Inc · exempt

Screen this organization

A dated, signed PDF of the compliance screen for MILTON HERSHEY SCHOOL AND SCHOOL TRUST: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds MILTON HERSHEY SCHOOL AND SCHOOL TRUST?
MILTON HERSHEY SCHOOL AND SCHOOL TRUST (Pennsylvania) receives grants from 2 organizations whose IRS filings report $99 to it, the largest being AETNA FOUNDATION INC ($99). 0 of them have funded it in more than one year.
How many funders does MILTON HERSHEY SCHOOL AND SCHOOL TRUST have?
IRS filings report 2 organizations giving $99 in grants to MILTON HERSHEY SCHOOL AND SCHOOL TRUST.
Who is the largest funder of MILTON HERSHEY SCHOOL AND SCHOOL TRUST?
AETNA FOUNDATION INC is the largest funder on record, with $99 in grants. The full list of funders is on this page.
How can an organization like MILTON HERSHEY SCHOOL AND SCHOOL TRUST find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Pennsylvania. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Milton Hershey School and School →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 2 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing