Mr. Hershey’s third charitable trust was created in 1945, upon his death. His will simply left the residue of his estate in trust for the benefit of the Derry Township (Hershey) Public School District. And as usual, he named the Hershey Trust Company as the trustee of the trust.
The trust simply gives a percentage of the assets of the trust to the school district to help offset the costs of educating the children each year.
When I took early retirement in 2009, the trust had upwards of $50 million in assets; not bad for a small public school district with 3,300 students.