Hershey profits benefit a boarding school that spends lavishly on its low-income students. But that investment comes with strings attached — leaving some students behind and others mired in debt.
America’s Richest School Serves Low-Income Kids. But Much of Its Hershey-Funded Fortune Isn’t Being Spent.
The nonprofit Milton Hershey School says its founding deed prevents it from spending more money on its core mission, even though that hasn’t stopped the school from making significant changes in the past.
Hershey Profits Fund $17 Billion Endowment for Nonprofit School, but Board Member Says It Won’t Let Him See Financial Records
A director and alumnus of America’s wealthiest boarding school claims he had to sue the institution to see how it spends the funding it receives from sales of Hershey bars and Reese’s Pieces.
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Hoping to revive upstate New York’s sluggish economy, Governor Andrew Cuomo has poured billions into subsidies for Corning and other businesses. But the resulting job growth has been modest.