Pa. Ends Hershey Trust Inquiry and Orders Governance Changes - Philanthropy Today - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas: Pennsylvania’s attorney general and the Hershey Trust announced a settlement Wednesday that ends a two-year state investigation of the $10-billion charity’s financial and property moves, The Philadelphia Inquirer reports.
The deal with Attorney General Kathleen Kane imposes lower compensation and tighter board governance of the charity, which was founded in 1909 by chocolate magnate Milton S. Hershey and his wife, Catherine. The trust operates a free private school for orphans and poor children.
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