Since 2002, the Milton Hershey School has spent on average about 2.2% of the charity’s assets each year educating low-income and at-risk children at its boarding school in Pennsylvania — nearly $4 billion.

In 1999, after a change in state law, the president of the bank that administers the Hershey estate who was also a charity board member told a probate judge that increasing spending to 3% of the school’s assets was reasonable.

If this spend rate were actually used, the school could have received an additional $1.3 billion since 2002.

Since 2002, the Milton Hershey School has spent on average about 2.2% of the charity’s assets each year educating low-income and at-risk children at its boarding school in Pennsylvania — nearly $4 billion.

In 1999, after a change in state law, the president of the bank that administers the Hershey estate who was also a charity board member told a probate judge that increasing spending to 3% of the school’s assets was reasonable. If this spend rate were actually used, the school could have received an additional $1.3 billion since 2002.

Since 2002, the Milton Hershey School has spent on average about 2.2% of the charity’s assets each year educating low-income and at-risk children at its boarding school in Pennsylvania — nearly $4 billion.

In 1999, after a change in state law, the president of the bank that administers the Hershey estate who was also a charity board member told a probate judge that increasing spending to 3% of the school’s assets was reasonable. If this spend rate were actually used, the school could have received an additional $1.3 billion since 2002.