The Chocolate Trust: Deception, Indenture and Secrets at the $12 Billion Milton Hershey School, by Bob Fernandez
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The Chocolate Trust: Deception, Indenture and Secrets at the $12 Billion Milton Hershey School, by Bob Fernandez
Free PDF Ebook The Chocolate Trust: Deception, Indenture and Secrets at the $12 Billion Milton Hershey School, by Bob Fernandez
A hugely successful businessman and entrepreneur, American candy magnate Milton Hershey and his wife Catherine were unable to have children of their own, so the couple set up a trust in 1909 and created the Hershey Industrial School for fatherless, healthy, Caucasian boys. Ever since its creation, the huge legal trust has poured profits from the candy business into this charitable venture, and is legally stipulated to do so in perpetuity. Since the inception of what is now known as the Milton Hershey School, the institution has become the nation s richest residential facility for impoverished youth and the richest private school. As Bob Fernandez reveals in THE CHOCOLATE TRUST: Deception, Indenture and Secrets at the $12 Billion Milton Hershey School, the school was established to help poor children in need. In fact, Milton Hershey forced widows to sign indentures, or contracts, for their boys so that they could benefit from his charity. The boys themselves lived and worked on the dozens of dairy farms integrated into Hershey s milk chocolate empire. The author also divulges that through the years, the school has been laden with scandal, racism and sexual misconduct, and plagued with a myriad of political and financial conflicts. Throughout this thoroughly researched work, Fernandez poses serious questions about the quality of care offered over the last century by this multi-billion-dollar institution. The author also discloses how monies generated by Hershey s assets have created temptations for those overseeing the Trust, including when Trust and state officials diverted tens of millions of dollars earmarked for the students welfare into a medical center for Pennsylvania State University, claiming there were not enough orphans in America to help. THE CHOCOLATE TRUST also reveals that, for years, no national experts on at-risk children, residential education, childhood education, child psychology or poverty were appointed to the Trust s board. A number of chapters in the book explore the unfortunate circumstances and scandals that have taken place throughout the school s history with response to admitting children of color, rejecting a student with HIV for admission, as well as various tragedies that occurred involving students due to the school s policies. In an ironic twist, the book s last chapter examines the role of charity-controlled Hershey Chocolate in sourcing its cocoa from African farms that utilize forced child labor. THE CHOCOLATE TRUST is full of hard-hitting stories. But the saddest truth of all is that it also sheds light on the corruption, and the complicity of the government and court officials in that corruption, within one of the world s richest philanthropies. The Milton Hershey School claims to spend $100,000 a year on each pupil. In reality, it is a revolving door of poor kids controlled by a politicized and underachieving board whose members personally benefit from the positions they hold.
The Chocolate Trust: Deception, Indenture and Secrets at the $12 Billion Milton Hershey School, by Bob Fernandez- Amazon Sales Rank: #691233 in eBooks
- Published on: 2015-05-04
- Released on: 2015-05-04
- Format: Kindle eBook
Review It s hard to read.
But if you care about the future of the Milton Hershey School and our community it s worth the work to read. At its core, the School is Milton Hershey s estate, which, at its core, is one amazingly, enormously, gigantic pile of money. And since Milton Hershey is dead and left no children, that pile of money has no owner. There s no family to protect it. There are no partners to watch it. There are no stockholders to govern it. The Dauphin County Orphan s Court, in theory, oversees it, but the court system is remarkably ill-equipped to do that job. It can only respond to the relatively narrow issues brought before it by the relatively small number of people who have legal standing to do that.
So what do we do? What can we do to protect the pile from predators? We can start by reading the stories that are hard to read." --The Sun on the web[The Chocolate Trust] is important...for what it reveals about Hershey, its sometimes dubious practices and those who have suffered from its operation. [The book] ought to be required reading for anyone who thinks that the nonprofit sector can rely on self-regulation or the...practices of local and state government authorities. --The Chronicle of PhilanthropyThe Chocolate Trust is a searching examination of how this mix of charity and business success has fared. ... It s an impassioned plea for the complete overhaul of [the Hershey] school and trust. ... Philadelphians who have followed the legal sagas of the Barnes Foundation and Girard college, each with its own thorny trust issues, might shake their heads in wonder --The Philadelphia Inquirer
From the Inside Flap A hugely successful businessman and entrepreneur, American candy magnate Milton Hershey and his wife Catherine were unable to have children of their own, so the couple set up a trust in 1909 and created the Hershey Industrial School for fatherless, healthy, Caucasian boys. Ever since its creation, the huge legal trust has poured profits from the candy business into this charitable venture, and is legally stipulated to do so in perpetuity. Since the inception of what is now known as the Milton Hershey School, the institution has become the nation's richest residential facility for impoverished youth and the richest private school.
As Bob Fernandez reveals in THE CHOCOLATE TRUST: Deception, Indenture and Secrets at the $12 Billion Milton Hershey School, the school was established to help poor children in need. In fact, Milton Hershey forced widows to sign indentures, or contracts, for their boys so that they could benefit from his charity. The boys themselves lived and worked on the dozens of dairy farms integrated into Hershey's milk chocolate empire. The author also divulges that through the years, the school has been laden with scandal, racism and sexual misconduct, and plagued with a myriad of political and financial conflicts.
Throughout this thoroughly researched work, Fernandez poses serious questions about the quality of care offered over the last century by this multi-billion-dollar institution. The author also discloses how monies generated by Hershey's assets have created temptations for those overseeing the Trust, including when Trust and state officials diverted tens of millions of dollars earmarked for the students' welfare into a medical center for Pennsylvania State University, claiming there weren't enough orphans in America to help.
THE CHOCOLATE TRUST also reveals that, for years, no national experts on at-risk children, residential education, childhood education, child psychology or poverty were appointed to the Trust's board. A number of chapt
About the Author Bob Fernandez is a staff writer for The Philadelphia Inquirer, currently covering the telecommunications industry. He has won multiple journalism awards since his career began 30 years ago, including for his stories on the Hershey Trust. He wrote his first Trust story in 2001.
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Most helpful customer reviews
4 of 5 people found the following review helpful. Waste of money! By livelywoman I read The Chocolate Trust and was saddened to see this journalist's extremely one-sided version of the Milton Hershey School. This book completely fails to inform the reader of the amazing accomplishments of the school. Buyer beware - this is not worth the money and will leave you misinformed and ill advised.
5 of 7 people found the following review helpful. Nope! By Jay Cee I went to the school and while it has its flaws as it is run by humans...the school provides many with opportunities that they otherwise would not have. This book is irresponsible, the view is bias and the wording inflammatory, which can lead to someone in a bad situation not even considering this school as an option. If you want to know about the school go visit don't base your opinion solely on what you read in this book. Does the school have its flaws? Yes! Has it made mistakes? Yes! But at the end of the day the good it has done out weight the bad and the mistakes that have happened. There is always room for improvement.
5 of 6 people found the following review helpful. Two Stars By Harvey P. Dale Lots of detail, but the overall impression is of an unbalanced attack rather than dispassionate journalism.
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