2025-11-14T11:16:14-06:00 2024-12-31 PwC US Tax LLP 2001 MARKET ST SUITE 1800 PHILADELPHIA PA 19103 990 2024-01-01 236242734 THE MS HERSHEY FOUNDATION % DONALD PAPSON EXEC DIRECTO MSHE 7172982200 63 WEST CHOCOLATE AVENUE HERSHEY PA 17033 DONALD PAPSON EXECUTIVE DIRECTOR 7172982200 2025-11-14 true true JOANNE KRUEGER DIRECTOR P01235586 2673303000 2025-11-12 2024 2025-03-06 01:10:19Z DONALD PAPSON 63 W CHOCOLATE AVENUE HERSHEY PA 17033 56493714 false X www.mshersheyfoundation.org X 1935 PA TO PRESERVE AND ENHANCE MILTON HERSHEY'S LEGACY AND COMMUNITY VISION AND TO PROVIDE EDUCATIONAL AND CULTURAL ENRICHMENT TO THE RESIDENTS OF THE HERSHEY AREA. 5 0 216 544 0 0 1764933 2745728 14586748 18318143 868729 3482119 1019482 1117192 18239892 25663182 0 0 0 0 4619469 4797584 0 0 1583 14179575 16993067 18799044 21790651 -559152 3872531 71280742 73116953 14488324 11631152 56792418 61485801 X TO PRESERVE AND ENHANCE MILTON HERSHEY'S LEGACY AND COMMUNITY VISION AND TO PROVIDE EDUCATIONAL AND CULTURAL ENRICHMENT TO THE RESIDENTS OF THE HERSHEY AREA, THE FOUNDATION OPERATES THE HERSHEY STORY, HERSHEY GARDENS, HERSHEY THEATRE AND HERSHEY COMMUNITY ARCHIVES. THROUGH COUNTLESS VOLUNTEERS AND GENEROUS CONTRIBUTIONS, THE NON-PROFIT M.S. HERSHEY FOUNDATION CONTINUES TO ENHANCE THE COMMUNITY MR. 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DIR./TREAS 45.0 0.0 X 174680 0 22383 MARIA KRAUS MANAGER 1.0 20.0 X 0 105000 89412 CAROL DANZ ASSISTANT SECRETARY 1.0 42.0 X 0 117967 43825 JAMES BROWN MANAGER 1.0 6.0 X 0 151298 0 AMY ZEIGLER SR DIRECTOR PROGRAMMING 40.0 0.0 X 119400 0 29121 JILL MANLEY SR DIRECTOR OF COMMUNICATIONS 40.0 0.0 X 115140 0 29361 JASON WOLFE MANAGER 1.0 4.0 X 0 141298 0 MICHELLE FIGLAR MANAGER 1.0 3.0 X 0 141298 0 DAN KATZIR FORMER BOARD OF MANAGERS 0.0 0.0 X 0 141298 0 HERSHEY TRUST COMPANY INSTITUTIONAL TRUSTEE 0.0 0.0 X 1000 0 0 636243 1393511 512259 4 true true false HERSHEY ENTERTAINMENT RESORTS COM 27 WEST CHOCOLATE AVENUE HERSHEY PA 17033 THEATRE MGMT SVCS 1976004 EXPLUS INC 44156 MERCURE CIRCLE STERLING VA 20166 PROFESSIONAL FEES 198872 ECS INC 110 LANDINGS DRIVE ANNVILLE PA 17003 JANITORIAL SERVICES 167580 3 609432 1058819 1077477 237845 2745728 ADMISSIONS 713990 15514517 15514517 MEMBERSHIPS 900099 437312 437312 THEATRE SERVICE - COMMUNITY RENTALS 900099 132816 132816 THEATRE FOOD, BEV., & MISC. 531120 1246665 1246665 THEATRE SERVICE FEE INC 900099 925010 925010 61823 61823 18318143 1550781 1550781 0 0 137315 137315 0 137315 137315 32205081 30267875 5868 1937206 -5868 1931338 1931338 93945 23127 70818 70818 0 0 0 1272721 533662 739059 739059 ARCHIVES FEES FOR SERVICE 519210 170000 170000 170000 25663182 19227202 0 3690252 0 0 0 0 400703 0 400703 0 0 0 3436868 3332223 104645 0 -135099 -129181 -5918 0 777070 623779 153291 0 318042 282987 35055 0 2071377 2026162 45215 0 11322 0 11322 0 45629 4325 41304 0 0 0 0 0 237845 0 237845 0 293 293 574644 572073 2571 0 26371 20834 5537 0 30941 19250 11691 0 0 0 824892 824229 663 0 939 939 0 0 0 0 0 0 296182 296182 0 0 0 0 2072948 2064344 8604 0 225261 208595 16666 0 COST OF ATTRACTIONS 8211147 8211147 0 0 CREDIT CARD FEES 222859 222859 0 0 COLLECTIONS MAINTENANCE 201918 201918 0 0 PROGRAM SUPPLIES 162635 162635 0 0 1775864 1700078 74203 1583 21790651 20645671 1143397 1583 468594 75864 5181293 6206567 73169 310000 4179771 3326843 0 0 0 0 0 0 126501 177078 115412 195147 55987454 35388594 22050332 20598860 10195932 7734087 28591974 34172240 0 0 0 0 297764 320267 71280742 73116953 967142 845524 0 0 2806954 1451475 0 0 0 0 0 0 8532483 7800260 0 0 2181745 1533893 14488324 11631152 X 21883135 23327323 34909283 38158478 56792418 61485801 71280742 73116953 X 3872531 476139 344713 X false true X true false X 1936878 6257810 15358424 1764933 2745728 28063773 2283221 5188477 10993070 14586741 18318143 51369652 0 0 0 4220099 11446287 26351494 16351674 21063871 79433425 291500 51000 12046480 485748 609432 13484160 0 291500 51000 12046480 485748 609432 13484160 65949265 935466 1045705 1116448 865151 1550781 5513551 0 935466 1045705 1116448 865151 1550781 5513551 0 0 5155565 12491992 27467942 17216825 22614652 84946976 0.77636 0.75421 0.06491 0.06758 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X false 34909283 1450757 2171754 373316 38158478 32274233 83241 2956327 404518 34909283 38122465 141657 -5641373 348516 32274233 34709684 593947 2861069 42235 38122465 32389671 81919 2330058 91964 34709684 1.00000 false true true 874650 874650 41027319 23212753 17814566 8897611 7944763 952848 5028447 4231078 797369 159427 0 159427 20598860 COMMON TRUST FUNDS - FOREIGN 20774118 F LIMITED PSHIP - FIXED INCOME 12567903 F COMMON TRUST FUNDS - FIXED INC 830219 F 34172240 0 ACCRUED POST RETIREMENT BENEFI 1271515 OBLIGATION UNDER OPERATING LOS 262378 1533893 X FORM 990, SCHEDULE D, PART III, LINE 1A MUSEUM COLLECTIONS THE MUSEUM'S COLLECTIONS COMPRISE HISTORICAL ITEMS AS A MEANS TO EDUCATE THE PUBLIC ABOUT THE LIFE OF MILTON S. HERSHEY AND THE HERSHEY COMMUNITY. EACH OF THESE ITEMS IS CATALOGED, PRESERVED, AND CARED FOR BY THE FOUNDATION. THE FOUNDATION'S POLICY IS TO EXPENSE COLLECTIONS WHEN THEY ARE ACQUIRED. SCHEDULE D, PART III, LINE 4 COLLECTIONS OF ART, HISTORICAL TREASURES, AND OTHER SIMILAR ASSETS THE M.S. HERSHEY FOUNDATION'S COLLECTION INCLUDES THE FOLLOWING: (1) ARTIFACTS AND HISTORICAL ORAL AND WRITTEN DOCUMENTS RELATED TO THE LIFE AND LEGACY OF MILTON S. HERSHEY FROM HIS PERSONAL LIFE TO HIS VARIOUS BUSINESSES TO HIS PHILANTHROPIES (2) ARTIFACTS AND HISTORICAL ORAL AND WRITTEN DOCUMENTS RELATED TO THE COMMUNITY OF HERSHEY (3) ARTIFACTS THAT DOCUMENT PENNSYLVANIA GERMAN CULTURE (4) ETHNOGRAPHIC MATERIALS RELATED TO INDIGENOUS PEOPLE OF THE UNITED STATES (5) PLANTINGS AT THE HERSHEY GARDEN. THE ABOVE COLLECTIONS FURTHER THE M.S. HERSHEY FOUNDATION'S EXEMPT PURPOSE OF EDUCATION AND CULTURAL ENRICHMENT FOR THE RESIDENTS OF THE HERSHEY AREA BY BEING DISPLAYED IN AN ACCESSIBLE PUBLIC MUSEUM, PUBLIC ARCHIVE AND PUBLIC GARDENS. FORM 990, SCHEDULE D, PART V, LINE 4 INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS MILTON S. HERSHEY MADE HIS GIFT TO THE M.S. HERSHEY FOUNDATION ON DECEMBER 5, 1935 WITH THE PURPOSE OF CREATING AND ENDOWING IN PERPETUITY THIS FOUNDATION FOR EDUCATIONAL PURPOSES. THE TRUST WAS FUNDED FOR SEVERAL USES, INTENTS AND PURPOSES AS FOLLOWS: (1) FOR THE ESTABLISHMENT AND MAINTENANCE IN WHOLE OR IN PART OF ONE OR MORE EDUCATIONAL INSTITUTIONS IN DERRY TOWNSHIP, PENNSYLVANIA; AND/OR (2) THE SUPPORT OF PUBLIC SCHOOLS OF DERRY TOWNSHIP AND THE IMPROVEMENT AND ELEVATION OF THE STANDARD OF EDUCATION; AND/OR (3) THE VOCATIONAL, CULTURAL OR PROFESSIONAL EDUCATION OF ANY RESIDENT OF DERRY TOWNSHIP. IN ADDITION, UPON APPROVAL BY THE MANAGERS, THE ENDOWMENT FUNDS CAN BE UTILIZED TO PURCHASE LAND AND ERECT A BUILDING OR BUILDINGS UPON SUCH LAND. FORM 990, SCHEDULE D, PART X, OTHER LIABILITIES LOAN GUARANTEE OBLIGATION THE M.S. HERSHEY FOUNDATION (FOUNDATION) CONSTRUCTED A BUILDING, WHICH IS THE SITE OF THE HERSHEY STORY MUSEUM. IN ORDER TO PROVIDE FUNDING FOR THE PROJECT, THE FOUNDATION ENTERED INTO AGREEMENTS DATED MARCH 1, 2007, WITH THE TOWNSHIP OF DERRY INDUSTRIAL AND COMMERCIAL DEVELOPMENT AUTHORITY (AUTHORITY). UNDER THESE AGREEMENTS, THE FOUNDATION WAS RESPONSIBLE FOR THE CONSTRUCTION OF THE BUILDING. UPON COMPLETION, THE FOUNDATION SOLD THE BUILDING TO THE AUTHORITY AT THE COST TO CONSTRUCT AND LEASED IT BACK FOR $20,000 PER YEAR FOR A PERIOD OF 29 YEARS, AT WHICH TIME THE BUILDING OWNERSHIP WILL REVERT BACK TO THE FOUNDATION. IN ADDITION, THE FOUNDATION GUARANTEED A $9,000,000 NONRECOURSE LOAN BETWEEN THE AUTHORITY AND PNC BANK, NATIONAL ASSOCIATION (PNC BANK) TO FUND THE CONSTRUCTION OF THE PROJECT. DURING DECEMBER 2007, THE FOUNDATION GUARANTEED A FLOATING-TO-FIXED RATE SWAP IN THE NOTIONAL AMOUNT OF $8,100,000 BETWEEN THE AUTHORITY AND PNC BANK TO MANAGE THE RISK OF INCREASED DEBT SERVICE COST FROM RISING INTEREST RATES. DURING MAY 2008, THE FOUNDATION GUARANTEED AN ADDITIONAL $6,000,000 NONRECOURSE LOAN BETWEEN THE AUTHORITY AND PNC BANK TO FURTHER FUND THE CONSTRUCTION OF THE PROJECT. DURING FEBRUARY 2017, THE FOUNDATION GUARANTEED A FLOATING-TO-FIXED RATE SWAP IN THE NOTIONAL AMOUNT OF $5,550,000 BETWEEN THE AUTHORITY AND PNC BANK TO MANAGE THE RISK OF INCREASED DEBT SERVICE COST FROM RISING INTEREST RATES. FORM 990, SCHEDULE D, PART X, LINE 2 FIN 48 (ASC 740) FOOTNOTE TAX POSITIONS ARE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE LIKELY THAN NOT" THRESHOLD FOR POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE FOUNDATION'S ACCOUNTING POLICY FOR EVALUATING UNCERTAIN TAX POSITIONS IS THAT RECOGNIZED INCOME TAX POSITIONS ARE MEASURED AT THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY OF BEING RECOGNIZED. THE FOUNDATION DOES NOT BELIEVE THERE ARE ANY UNRECOGNIZED TAX BENEFITS OR LIABILITIES THAT SHOULD BE RECORDED. BYND THE FTLGHT 34095 34095 9248 CULTURAL EXP 32100 1250 30850 9625 3598 1 31550 2550 29000 656 97745 3800 93945 9625 13502 23127 70818 none none PA 17033 X X X X false false false false false false false false false M DIANE KOKEN MANAGER 0 105000 0 0 0 0 0 170000 0 0 0 275000 0 0 JAMES BROWN MANAGER 0 151298 0 0 0 0 0 0 0 0 0 151298 0 0 MARIA KRAUS MANAGER 0 105000 0 0 0 0 0 89412 0 0 0 194412 0 0 CAROL DANZ ASSISTANT SECRETARY 0 114730 0 1510 0 1727 0 11862 0 31963 0 161792 0 0 DONALD PAPSON EXECUTIVE DIRECTOR 226023 0 0 0 0 0 15822 0 24161 0 266006 0 0 0 BRIDGET BECK ASSOC. EXEC. DIR./TREAS 174680 0 0 0 0 0 12228 0 10155 0 197063 0 0 0 DAN KATZIR FORMER BOARD OF MANAGERS 0 141298 0 0 0 0 0 0 0 0 0 141298 0 0 JEREL HOPKINS SECRETARY 0 487182 0 5000 0 -1830 0 46250 0 41924 0 578526 0 0 PART VII/ SCHEDULE J REPORTABLE COMPENSATION THE M.S. HERSHEY FOUNDATION IS ASSOCIATED WITH THE MILTON HERSHEY SCHOOL AND SCHOOL TRUST ("THE SCHOOL") AND OTHER HERSHEY CHARITIES AND FOR-PROFIT ENTITIES. MR. AND MRS. HERSHEY ORGANIZED THE MILTON HERSHEY SCHOOL ("THE SCHOOL") IN THE FORM OF A TRUST ("SCHOOL TRUST") CREATED UNDER AN ORIGINAL 1909 DEED OF TRUST THAT, AS AMENDED, STILL GOVERNS THE OPERATION OF THE SCHOOL. THE DEED OF TRUST SETS FORTH THE RESPECTIVE POWERS AND AUTHORITIES OF THE TRUSTEE AND MANAGERS OF THE SCHOOL, NAMES THE HERSHEY TRUST COMPANY, A STATE-CHARTERED TRUST COMPANY, AS TRUSTEE FOR COMPENSATION OF NO MORE THAN $1,000 PER YEAR AND PROVIDES FOR THE TRUSTEE TO APPOINT THE INDIVIDUAL MANAGERS OF THE SCHOOL FROM ITS OWN BOARD OF DIRECTORS. THE MANAGERS SUBSEQUENTLY INCORPORATED. THAT CORPORATION, ACTING AS MANAGER UNDER THE DEED OF TRUST, TOGETHER WITH THE SCHOOL TRUST ARE THE COMPONENTS OF THE INTEGRATED TAX-EXEMPT ORGANIZATION, THE MILTON HERSHEY SCHOOL AND SCHOOL TRUST (EIN:23-1353340). MR. HERSHEY CREATED THE SAME STRUCTURE FOR HIS OTHER CHARITY, THE M.S. HERSHEY FOUNDATION. THE MEMBERS OF THE MANAGERS OF THE M.S. HERSHEY FOUNDATION ARE APPOINTED BY THE HERSHEY TRUST COMPANY IN ITS CAPACITY AS TRUSTEE FROM AMONG ITS OWN BOARD OF DIRECTORS. AS A RESULT OF THE STRUCTURE CREATED BY MR. HERSHEY, HERSHEY TRUST COMPANY SERVES AS TRUSTEE FOR THE MILTON HERSHEY SCHOOL & SCHOOL TRUST AND SERVES AS TRUSTEE FOR THE M.S. HERSHEY FOUNDATION TRUST. THE FOLLOWING INFORMATION DETAILS THE COMPENSATION ARRANGEMENTS OF THE M.S HERSHEY FOUNDATION MANAGERS, WHO ARE COMPENSATED BY RELATED FOR-PROFIT ENTITIES. (SCH J, PART II, LINE (II)). THE COMPENSATION OF BOARD MEMBERS SERVING ON THE BOARDS OF ANY OF THE RELATED FOR-PROFIT ENTITIES (HERSHEY TRUST COMPANY, HERSHEY ENTERTAINMENT & RESORTS COMPANY AND THE HERSHEY COMPANY) IS COMMENSURATE WITH THEIR RESPONSIBILITIES WITH RESPECT TO THE RELEVANT FOR-PROFIT ENTITY. NONE OF THE COMPENSATION WAS PAID BY THE M.S. HERSHEY FOUNDATION (EIN 23-6242734). (SCHEDULE J, Part II, Line (I)) M. DIANE KOKEN COMPENSATION REPORTED CONSISTS ONLY OF DIRECTOR FEES RECEIVED FROM A RELATED FOR-PROFIT COMPANY, THE HERSHEY COMPANY (EIN 23-0691590). JAMES BROWN COMPENSATION REPORTED CONSISTS ONLY OF DIRECTOR FEES RECEIVED FROM A RELATED FOR-PROFIT COMPANY, HERSHEY TRUST COMPANY (EIN 23-0692150). MARIA KRAUS COMPENSATION REPORTED CONSISTS ONLY OF DIRECTOR FEES RECEIVED FROM A RELATED FOR-PROFIT COMPANY, HERSHEY TRUST COMPANY (EIN 23-0692150). JASON WOLFE COMPENSATION REPORTED CONSISTS ONLY OF DIRECTOR FEES RECEIVED FROM A RELATED FOR-PROFIT COMPANY, HERSHEY TRUST COMPANY (EIN 23-0692150). MICHELLE FIGLAR COMPENSATION REPORTED CONSISTS ONLY OF DIRECTOR FEES RECEIVED FROM A RELATED FOR-PROFIT COMPANY, HERSHEY TRUST COMPANY (EIN 23-0692150). THE FOLLOWING INFORMATION DETAILS THE COMPENSATION ARRANGEMENTS OF CERTAIN FOUNDATION OFFICERS. THEY ARE COMPENSATED BY RELATED FOR-PROFIT OR NONPROFIT ENTITIES. THEIR COMPENSATION IS ESTABLISHED BASED UPON DATA PROVIDED BY INDEPENDENT COMPENSATION CONSULTANTS. THIS PROCESS IS BASED ON POSITION COMPARABLES TAKING INTO ACCOUNT RESPONSIBILITIES AND DUTIES, AUTHORITY, AND OBJECTIVES. NONE OF THEIR COMPENSATION, EMPLOYEE BENEFIT CONTRIBUTIONS OR NON-TAXABLE BENEFITS WAS PAID DIRECTLY BY THE M.S. HERSHEY FOUNDATION DURING THE REPORTING PERIOD. JEREL HOPKINS MR. HOPKINS SERVED AS SECRETARY OF THE MS. HERSHEY FOUNDATION BEGINNING 8/31/2023. HE IS ALSO THE GENERAL COUNSEL, SENIOR VICE PRESIDENT, BOARD SECRETARY AND COMPLIANCE OFFICER FOR HERSHEY TRUST COMPANY (EIN 23-0692150), A RELATED FOR-PROFIT CORPORATION. CAROL DANZ MS. DANZ BEGAN SERVING AS THE ASSISTANT SECRETARY OF THE M.S. FOUNDATION AS OF JANUARY 1, 2018. SHE IS ALSO AN EMPLOYEE OF THE HERSHEY TRUST COMPANY (EIN 23-0692150), A RELATED FOR-PROFIT CORPORATION. TRUSTEE HERSHEY TRUST COMPANY HERSHEY TRUST COMPANY, TRUSTEE, IS PAID $1,000 ANNUALLY FOR ITS SERVICES AS STIPULATED IN THE DEED OF TRUST. THE TRUSTEE'S ACTUAL TIME SPENT PER WEEK ON THE M.S. HERSHEY FOUNDATION MATTERS WOULD BE AN ACCUMULATION OF THE OFFICER AND STAFF TIME. EACH OFFICER'S INDIVIDUAL TIME IS DETAILED ON FORM 990, PART VII. THE OFFICER AND STAFF TIME. EACH OFFICER'S INDIVIDUAL TIME IS DETAILED ON FORM 990, PART VII. FORM 990, PART VII/SCHEDULE J THE FOLLOWING TABLE DETAILS M.S. HERSHEY FOUNDATION MANAGERS, MEMBERS AND OFFICERS WHO ARE ALSO MANAGERS, MEMBERS AND OFFICERS OF RELATED ORGANIZATIONS AND THE HOURS SPENT PER WEEK ON DUTIES FOR THESE RELATED ORGANIZATIONS: MILTON THE HERSHEY HERSHEY SCHOOL & HERSHEY ENTERTAINMENT & SCHOOL TRUST COMPANY RESORTS CO. JAMES BROWN - 2.0 - M. DIANE KOKEN 5.0 3.0 - CAROL DANZ 42.0 - - MARIA KRAUS 16.0 4.0 - JEREL HOPKINS 55.0 - - JASON WOLFE 4.0 - - MICHELLE FIGLAR 3.0 - - DAN KATZIR 3.0 - - NOTE: TIME SPENT ON HERSHEY TRUST COMPANY MATTERS IS INCLUDED IN THE MILTON HERSHEY SCHOOL & SCHOOL TRUST AVERAGE HOURS WORKED PER WEEK. FORM 990, PART VII, SCHEDULE J THE RELATED ORGANIZATIONS PROVIDE THE FOUNDATION WITH ALL PERTINENT PAYROLL INFORMATION REQUIRED TO COMPLETE PART VII AND SCHEDULE J OF THE FORM 990. X ARCHIVAL DOCUMENT 408 0 N/A X MUSEUM ARTIFACT 64 0 N/A false true true SCHEDULE M, PART I, COLUMN (B) THE NUMBER OF CONTRIBUTIONS IS EQUAL TO THE OCCASIONS FOR WHICH THE M.S. HERSHEY FOUNDATION RECEIVED THEM. ARCHIVAL DOCUMENTS CONTRIBUTED CONSISTED OF 64 ACCESSIONS OF DOCUMENTS AND DIGITAL RECORDS, AND 408 MUSEUM ARTIFACTS. SCHEDULE M, PART I, LINE 32B HERSHEY TRUST CO. AS TRUSTEE PROCESSES ALL STOCK RECEIVED AND SOLD. FORM 990, PART I, LINE 6 SUMMARY SECTION VOLUNTEERS ARE A VITAL PART OF THE M.S. HERSHEY FOUNDATION. MANY OF OUR VOLUNTEERS HAVE INTRODUCED A CHILD TO HISTORY, NATURE OR LIVE THEATRE. OTHERS HAVE HELPED BEAUTIFY HERSHEY GARDENS, USHERED A SHOW AT THE HERSHEY THEATRE OR PROUDLY ANSWERED QUESTIONS ABOUT OUR COMMUNITY'S RICH HISTORY AT THE MUSEUM: THE HERSHEY STORY. FORM 990, PART III, LINE 1 TO PRESERVE AND ENHANCE MILTON HERSHEY'S LEGACY AND COMMUNITY VISION AND TO PROVIDE EDUCATIONAL AND CULTURAL ENRICHMENT TO THE RESIDENTS OF THE HERSHEY AREA. THE M.S. HERSHEY FOUNDATION OPERATES THE HERSHEY STORY MUSEUM, HERSHEY GARDENS, HERSHEY THEATRE AND HERSHEY COMMUNITY ARCHIVES. THROUGH COUNTLESS VOLUNTEERS AND GENEROUS CONTRIBUTIONS, THE NON-PROFIT M.S. HERSHEY FOUNDATION CONTINUES TO ENHANCE THE COMMUNITY MR. HERSHEY BUILT. FORM 990, PART III, LINES 4A-4D STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS COMPLETED DURING MILTON HERSHEY'S GREAT BUILDING CAMPAIGN PROGRAM IN THE 1930S, THE NEW COMMUNITY CENTER BUILDING HOUSED HERSHEY THEATRE, WHICH FIRST OPENED AS A VAUDEVILLE AND MOVIE HOUSE. TODAY, THE THEATRE IS THE AREA'S PREMIER PERFORMING ARTS CENTER. PRESENTING TOURING BROADWAY SHOWS, CLASSICAL MUSIC, DANCE ATTRACTIONS AND WORLD RENOWNED ENTERTAINERS, THE THEATRE'S RICH HISTORY AND PERFORMING ARTS PRESENTATIONS PROVIDE CULTURAL AND EDUCATIONAL ENRICHMENT TO PATRONS OF ALL AGES. DEVELOPED IN 2008, THE HERSHEY THEATRE APOLLO AWARDS IS A PROGRAM WHICH RECOGNIZES EXCELLENCE IN LOCAL HIGH SCHOOL THEATER PRODUCTIONS; MORE THAN 100 NOMINATED STUDENTS ARE AWARDED $15,000 IN AWARDS. ALL DERRY TOWNSHIP SCHOOL DISTRICT STUDENTS MAY PARTICIPATE IN FIELD TRIPS TO THE HERSHEY THEATRE AT NO CHARGE. NUMBER BENEFITTED: 143,097 EXPENSES: $14,235,379 GRANTS: $0 REVENUE: $14,732,390 PROGRAM SERVICE ACCOMPLISHMENT #2 (LINE 4B): THE HERSHEY STORY, THE MUSEUM ON CHOCOLATE AVENUE OPENED IN 2009. THE MUSEUM EXPERIENCE IS AN EDUCATIONAL, INTERACTIVE PERMANENT EXHIBIT SPACE THAT SHARES THE STORIES OF MILTON S. HERSHEY, HIS BUSINESSES, PHILANTHROPIES AND COMMUNITY. THE APPRENTICE PROGRAM IS AN ACTIVITY DESIGNED TO FURTHER ENGAGE CHILDREN AS THEY EXPLORE THE EXHIBITS. IN THE CHOCOLATE LAB, GUESTS LEARN ABOUT THE ORIGINS OF CHOCOLATE AND PARTICIPATE IN HANDS-ON ACTIVITIES USING CHOCOLATE. SPECIAL EXHIBITS HIGHLIGHT THE NATIVE AMERICAN AND PENNSYLVANIA GERMAN COLLECTIONS, ORIGINALLY PURCHASED BY MILTON HERSHEY. SCHOOL FIELD TRIPS, HOMESCHOOL AND SUMMER CAMP PROGRAMS ALL MEET PA STATE ACADEMIC STANDARDS. ALL DERRY TOWNSHIP SCHOOL DISTRICT STUDENTS MAY PARTICIPATE IN FIELD TRIPS TO THE MUSEUM EXPERIENCE AT NO CHARGE. THE HERSHEY STORY OFFERS A SCHOLARSHIP PROGRAM, CALLED "SHARE THE STORY" THAT SUBSIDIZES THE COST OF FIELD TRIP ADMISSION AND TRANSPORTATION FOR SCHOOLS WHO MEET ELIGIBILITY REQUIREMENTS. AUTISTIC STUDENTS FROM THE VISTA SCHOOL ARE PROVIDED WORK OPPORTUNITIES AT THE HERSHEY STORY. NUMBER BENEFITTED: 102,100 EXPENSES: $3,287,071 REVENUE: $2,036,449 PROGRAM SERVICE ACCOMPLISHMENT #3 (LINE 4C): HERSHEY GARDENS WAS ORIGINALLY DEVELOPED IN 1937 AT MILTON HERSHEY'S REQUEST. IT HAS SINCE EXPANDED AND NOW FEATURES 23 ACRES OF SEASONAL DISPLAYS AND RARE TREES WITHIN 11 THEME GARDENS. THE CHILDREN'S GARDEN AND HOOP HOUSE OFFER CHILDREN HANDS-ON LEARNING AS THEY DISCOVER THE WONDERS OF NATURE AND PLANTS. THE GREAT GARDEN ADVENTURE IS A PROGRAM FEATURING AN INTERACTIVE GUIDE THAT HELPS CHILDREN EXPLORE AND LEARN THROUGHOUT THE CHILDREN'S GARDEN. ADULT EDUCATION OPPORTUNITIES INCLUDE CLASSES ON GARDENING AND NATURE. SCHOOL FIELD TRIPS, HOMESCHOOL AND SUMMER CAMP PROGRAMS ALL MEET PA STATE ACADEMIC STANDARDS. ALL DERRY TOWNSHIP SCHOOL DISTRICT STUDENTS MAY PARTICIPATE IN FIELD TRIPS TO HERSHEY GARDENS AT NO CHARGE. DURING THE 2016 CALENDAR YEAR, THE GARDENS COMPLETED A PROJECT TO BUILD A YEAR ROUND EDUCATION FACILITY WHICH INCLUDE A YEAR ROUND BUTTERFLY HABITAT AND EDUCATIONAL CLASSROOM. HERSHEY GARDENS OFFERS A SCHOLARSHIP PROGRAM, CALLED "SHARE THE GARDENS" THAT SUBSIDIZES THE COST OF FIELD TRIP ADMISSION AND TRANSPORTATION FOR SCHOOLS WHO MEET ELIGIBILITY REQUIREMENTS. NUMBER BENEFITTED: 186,829 EXPENSES: $2,826,752 REVENUE: $2,267,702 PROGRAM SERVICE ACCOMPLISHMENT - OTHER: ARCHIVES & OTHER MISCELLANEOUS SERVICES - THE HERSHEY COMMUNITY ARCHIVES COLLECTS AND MAINTAINS HISTORICAL DOCUMENTATION SUCH AS PHOTOGRAPHS, ORAL HISTORIES, AND OTHER TWO DIMENSIONAL ARTIFACTS CHRONICLING THE HISTORY OF THE COMMUNITY. EDUCATIONAL PROGRAMMING IS OFFERED TO THE THIRD GRADERS OF THE DERRY TOWNSHIP SCHOOL DISTRICT AND IN THE FORM OF LECTURES AND DEMONSTRATIONS AT VARIOUS VENUES. WEBSITE ACCESS TO THESE HISTORICAL RECORDS HAS DRAMATICALLY INCREASED THE RESEARCH POTENTIAL. NUMBER BENEFITTED: 295 EXPENSES: $296,469 REVENUE: REVENUE: $190,661 FORM 990, PART VI, SECTION A, LINE 2 GOVERNING BODY & MANAGEMENT SEVERAL OF THE BOARD OF MANAGERS MEMBERS AND OFFICERS OF THE FILING ORGANIZATION ALSO SERVE AS DIRECTORS AND OFFICERS OF BUSINESS ENTITIES THAT ARE RELATED TO THIS FILING ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 3 GOVERNING BODY & MANAGEMENT THE M.S. HERSHEY FOUNDATION HAS SEVERAL OPERATIONS IN HERSHEY, PENNSYLVANIA, INCLUDING THE HERSHEY GARDENS, THE HERSHEY COMMUNITY ARCHIVES, THE HERSHEY THEATRE, AND THE HERSHEY STORY, COLLECTIVELY REFERRED TO AS "FOUNDATION OPERATIONS". THESE OPERATIONS EXIST TO PRESERVE AND ENHANCE MILTON HERSHEY'S LEGACY AND COMMUNITY VISION AND TO PROVIDE EDUCATIONAL AND CULTURAL ENRICHMENT TO RESIDENTS AND VISITORS OF HERSHEY, PA. HERSHEY ENTERTAINMENT & RESORTS COMPANY (HE&R), A RELATED FOR PROFIT OPERATION, HAS ESTABLISHED A REPUTATION FOR PROVIDING HIGH QUALITY SERVICES, AND HAS EXTENSIVE EXPERIENCE PROVIDING LIVE PERFORMANCE ENTERTAINMENT, RETAIL, CATERING, FOOD AND BEVERAGE AND ASSOCIATES SERVICES. HE&R OWNS AND OPERATES NUMEROUS ENTERTAINMENT AND HOSPITALITY VENUES IN HERSHEY, PENNSYLVANIA. FOUNDED IN 1927, BY MILTON HERSHEY, HE&R'S MISSION AND GOALS INCLUDE DEMONSTRATING SENSITIVITY ABOUT THE QUALITY OF LIFE FOR THE COMMUNITY AND USING ITS RESERVOIR OF TALENT AND EXPERIENCE TO MAKE A POSITIVE DIFFERENCE WITH THE M.S. HERSHEY FOUNDATION. IN ORDER TO ENHANCE FOUNDATION OPERATIONS AND FURTHER ITS TAX-EXEMPT MISSION, THE M.S. HERSHEY FOUNDATION ENTERED INTO A CONTRACT WITH HE&R TO PROVIDE VARIOUS SERVICES INCLUDING THE FOLLOWING: 1. WEDDING, PARTY AND EVENT CATERINGS. 2. THEATRE OPERATIONS MANAGEMENT 3. IT, COMMUNICATIONS AND SECURITY SERVICES. PRIOR TO THE COMMENCEMENT OF SERVICES, THE M.S. HERSHEY FOUNDATION, ASSISTED BY INDEPENDENT OUTSIDE COUNSEL, EVALUATED THE PROPOSED SERVICES TO ENSURE COMPLIANCE WITH INTERMEDIATE SANCTIONS RULES PURSUANT TO IRC SECTION 4958 AND PRIVATE INUREMENT RULES PURSUANT TO TREASURY REGULATIONS 53.4958-4. THESE SERVICES ARE REVIEWED AND APPROVED BY THE BOARD OF MANAGERS ON AN ANNUAL BASIS. THE M.S. HERSHEY FOUNDATION HAS ESTABLISHED AN INDEPENDENT COMMITTEE TO PERIODICALLY REVIEW THE SERVICES BEING PERFORMED AND THE CONTRACTUAL RELATIONSHIP WITH HE&R TO ENSURE IT IS IN THE BEST INTEREST OF THE M.S. HERSHEY FOUNDATION TO CONTINUE USING THE SERVICES OF HE&R AND TO ENSURE COMPLIANCE WITH THE IRC SECTION AND TREASURY REGULATION NOTED ABOVE. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE FORM 990 IS PREPARED UNDER THE DIRECTION OF THE ASSOCIATE EXECUTIVE DIRECTOR, FINANCE AND ADMINISTRATION OF THE M.S. HERSHEY FOUNDATION. THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR OF THE M.S. HERSHEY FOUNDATION, OUTSIDE COUNSEL AND ITS INDEPENDENT TAX ADVISORS WHO SIGN THE RETURN AS "PAID PREPARERS." THE MANAGERS OF THE M.S. HERSHEY FOUNDATION REVIEWS AND DISCUSSES THE FORM 990 EITHER VIA CONFERENCE CALL OR AT ONE OF ITS SCHEDULED MEETINGS PRIOR TO FILING THE RETURN WITH THE INTERNAL REVENUE SERVICE, NOTING KEY DISCLOSURES. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST THE MANAGERS, OFFICERS AND KEY EMPLOYEES OF THE M.S. HERSHEY FOUNDATION HAVE A FIDUCIARY RELATIONSHIP WITH THE M.S. HERSHEY FOUNDATION WHICH REQUIRES THAT THEY ACT IN GOOD FAITH WITH REGARD TO THE M.S. HERSHEY FOUNDATION'S BEST INTERESTS. IT IS ESSENTIAL IN FULFILLING THEIR DUTIES THAT THEY APPLY THE HIGHEST MORAL, LEGAL, AND ETHICAL STANDARDS IN THEIR CONDUCT AND BUSINESS RELATIONSHIPS. BOTH, THE M.S. HERSHEY FOUNDATION AND THE HERSHEY TRUST COMPANY, TRUSTEE FOR THE M.S. HERSHEY FOUNDATION, HAVE WRITTEN CONFLICT OF INTEREST POLICIES WHICH ARE INTENDED TO PERMIT THE M.S. HERSHEY FOUNDATION AND ITS MANAGERS, OFFICERS AND OTHER KEY EMPLOYEES TO IDENTIFY, EVALUATE AND ADDRESS ANY CONFLICT OF INTEREST THAT MIGHT CALL INTO QUESTION THIS FIDUCIARY DUTY TO THE M.S. HERSHEY FOUNDATION. THE CONFLICT OF INTEREST POLICY COVERING THE MANAGERS, OFFICERS AND KEY EMPLOYEES IS DOCUMENTED IN THE "CONFLICT OF INTEREST" SECTION OF THE GOVERNANCE GUIDELINES FOR THE M.S. HERSHEY FOUNDATION. ADDITIONALLY, THE CONFLICT OF INTEREST POLICY COVERING MANAGERS, OFFICER AND KEY EMPLOYEES IS DOCUMENTED IN "ETHICAL STANDARDS"CONFLICT OF INTEREST"CODE OF CONDUCT" SECTIONS OF THE POLICY MANUAL FOR THE HERSHEY TRUST COMPANY. EACH MANAGER, OFFICER AND KEY EMPLOYEE IS REQUIRED TO AVOID ALL ACTIVITY THAT COULD CREATE A CONFLICT OF INTEREST OR EVEN GIVE AN APPEARANCE OF A CONFLICT OF INTEREST. ANY CONFLICTS OF INTEREST ARE TO BE REPORTED AS SOON AS PRACTICAL AFTER THEY BECOME AWARE OF SUCH A CONFLICT. ANNUALLY EACH MANAGER, OFFICER AND KEY EMPLOYEE IS REQUIRED TO COMPLETE AN ANNUAL STATEMENT OF DISCLOSURE. THE FORMS IDENTIFY VENDORS, INVESTMENTS, OTHER BOARD MEMBERSHIPS, AND FAMILY MEMBERS THAT COULD GIVE RISE TO CONFLICTS OF INTEREST. THE STATEMENTS ARE REVIEWED BY THE SECRETARY/GENERAL COUNSEL FOR POTENTIAL CONFLICTS. POTENTIAL CONFLICTS OF INTEREST RELATED TO MANAGERS, OFFICERS AND KEY EMPLOYEES ARE BROUGHT TO THE ATTENTION OF THE CHAIRPERSON OF THE MANAGERS OF THE M.S. HERSHEY FOUNDATION. THE CHAIRPERSON (OR HIS/HER DESIGNEE) DETERMINES THE CORRECTIVE MEASURE, IF ANY, TO BE TAKEN TO RESOLVE THE CONFLICT, OR WILL IMPOSE APPROPRIATE RESTRICTIONS, IF ANY ON THE PERSON WITH THE CONFLICT. FOR CONFLICTS OF INTEREST INVOLVING THE CHAIRPERSON, THE MATTER WOULD BE DISCUSSED WITH THE CHAIR OF THE AUDIT COMMITTEE AND THE CHAIR OF THE BOARD OF THE HERSHEY TRUST COMPANY. THE TWO CHAIRPERSONS, IN CONSULTATION WITH THE OTHER BOARD MEMBERS, EXCLUDING SUCH CONFLICTED PERSON, HAVE THE FINAL APPROVAL OF ANY RECOMMENDED CORRECTIVE MEASURES OR IMPOSED RESTRICTIONS. FORM 990, PART VI, SECTION B, LINES 15A AND 15B COMPENSATION PROCESS THE M.S. HERSHEY FOUNDATION'S MANAGERS (THE GOVERNING BODY OF THE M.S. HERSHEY FOUNDATION) CONTROLS THE PROCESS IN DETERMINING WHETHER THE TOTAL COMPENSATION OF THE EXECUTIVE DIRECTOR IS FAIR AND REASONABLE. THIS PROCESS OCCURS AT THE INITIAL HIRE OF THE EXECUTIVE DIRECTOR AND AT REGULAR INTERVALS THEREAFTER. THE REVIEW OF THE TOTAL COMPENSATION OF THE EXECUTIVE DIRECTOR, INCLUDES BUT IS NOT LIMITED TO, A REVIEW OF COMPARABLE EXECUTIVE DIRECTOR TOTAL COMPENSATION AS DISCLOSED IN THE FORMS 990 OF SIMILAR-SIZED EXEMPT ORGANIZATIONS. AS PART OF THIS PROCESS, THE COMPENSATION INFORMATION IS REVIEWED AND APPROVED BY THE MANAGERS FOR THE EXECUTIVE DIRECTOR. THOSE MANAGERS WITH A CONFLICT IN REGARD TO THE EXECUTIVE DIRECTOR'S COMPENSATION REVIEW PROCESS ABSTAIN FROM THE DELIBERATIONS. THE MANAGERS DO NOT RECEIVE ANY COMPENSATION FROM THE M.S. HERSHEY FOUNDATION. THE COMPENSATION OF THE M.S. HERSHEY FOUNDATION'S OFFICERS, WHO ARE EMPLOYEES OF THE HERSHEY TRUST COMPANY (TRUSTEE OF THE M.S. HERSHEY FOUNDATION) RECEIVE NO COMPENSATION FROM THE FOUNDATION. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC AVAILABILITY OF DOCUMENTS THE FOUNDATION MAKES THE DEED OF TRUST AVAILABLE TO THE PUBLIC ON ITS WEBSITE. THE FOUNDATION'S CONFLICT OF INTEREST POLICY AND ITS AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 FORM 990, PART XI, LINE 9 RECONCILIATION OF NET ASSETS DECREASE IN UNRECOGNIZED BENEFIT COST $ 237,455 CHANGE IN INTEREST RATE SWAP 107,258 ---------------- TOTAL $ 344,713 THE MS HERSHEY FOUNDATION LLC 63 WEST CHOCOLATE AVENUE HERSHEY PA 17033 612102661 NON-PROFIT PA 0 0 THE MS FDN THE MILTON HERSHEY SCHOOL & SCHOOL TRUST PO BOX 445 HERSHEY PA 17033 231353340 SCHOOL PA 501(c)(3) 2 HTC-Trustee false THE WILLIAM E DEARDEN ALUMNI CAMPUS INC PO BOX 830 HERSHEY PA 17033 202579678 SVCS TO ALUM PA 501(c)(3) 7 NA false HERSHEY CEMETERY COMPANY PO BOX 445 HERSHEY PA 17033 231973529 CEMETERY PA 501(c)(13) NA false HERSHEY CEMETERY PERPETUAL MAINTENANCE PO BOX 445 HERSHEY PA 17033 236629638 SUPP CEMET CO PA 501(C)(13) HTC-Trustee false CATHERINE HERSHEY SCH FOR EARLY LEARNING 1840 FISHBURN RD HERSHEY PA 17033 854322274 EDUCATION PA 501(C)(3) 2 MHSST false FAMILY GRATITUDE FDN IN HONOR OF GERTRUD 1201 HOMESTEAD LANE PO BOX 830 HERSHEY PA 170330830 841940979 SVCS TO P/S PA 501(c)(3) 10 NA false HERSHEY TRUST COMPANY PO BOX 445 HERSHEY PA 17033 230692150 STATE TRUST C PA na C CORP HERSHEY ENTERTAINMENT & RESORTS COMPANY 27 WEST CHOCOLATE AVENUE HERSHEY PA 17033 230691815 ENTERTAINMENT PA na C CORP THE HERSHEY COMPANY 19 EAST CHOCOLATE AVE HERSHEY PA 17033 230691590 CONFECTIONERY PA na C CORP MS FOUNDATION BLK TRUST 400 HOWARD ST SAN FRANCISCO CA 94105 306349022 INVESTMENTS CA N/A TRUST 1.00000 true MILTON HERSHEY SCHOOL BLK TRUST BLACKROCK INST TR TTE 400 HOWARD S SAN FRANCISCO CA 94105 306349039 INVESTMENTS CA MHS TRUST TRUST HERSHEY WEST END LAND CONDO ASSOC INC 100 EAST MANSION ROAD HERSHEY PA 17033 462294247 CONDO ASSOCIA PA HTC TRUSTEE C CORP THE ORCHARD AT HERSHEY CONDO ASSOC INC 100 EAST MANSION ROAD HERSHEY PA 17033 462295692 INACTIVE PA HTC TRUSTEE C CORP false false true false false false false false false true false true true true false true false true SCHEDULE R, PART V NO DISCLOSURES ARE REQUIRED FOR SCHEDULE R, PART V, LINE 2 BECAUSE THE M.S. HERSHEY FOUNDATION DOES NOT CONTROL ANY OTHER RELATED ORGANIZATION.