Confessions of a researchaholic

May 8, 2022

Hershey school

Filed under: Real — liyiwei @ 8:59 pm
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From Is having children worth it?

Milton Hershey and Mrs. Hershey wanted to have children. They could not, for whatever reason. And they gave all of their money – like, their entire inheritance, to a philanthropic trust – it’s not hard to make the connection here – literally to create a school for orphan children. There are all these pictures of Milton Hershey and Mrs. Hershey with these orphan boys at the time. It’s since become co-ed, and you don’t have to be an orphan, but you come from, essentially, a place where you can’t safely live, so you come to live at the Hershey school, which is a boarding school. Because Hershey has done so well as a company, and because this trust was basically built on Hershey stock, this school, I think, has the highest per-capita endowment of any institution in the world, including Harvard, Stanford, M.I.T., and Princeton. So anyway, that would just be an example, I guess, of people who don’t have children – so, who are you going to pass your money down to?

1 Comment »

  1. Heard the same episode earlier today!

    Comment by ding — May 10, 2022 @ 2:56 pm | Reply


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