Trust That Funds Milton Hershey School Spent $3.6 Million To Investigate Claims Of Possible Conflicts Of Interest

During 2015, the Hershey Trust Company, which oversees $12 billion in assets, that fund the Milton Hershey School for at-risk children, spent $3.6 million to investigate claims of possible conflicts of interest among its board members. The Trust has a controlling interest in The Hershey Company, a large, publicly traded, chocolate manufacturer. Stock dividends are used to fund the school, which serves about 2,000 students. The cost of the investigations was made public on May 5, 2016, after an internal letter from the board's chief compliance officer, Marc A. Woolley, and then executive John Estey, was . . .