FAIRFAX, Va., Nov. 11 /PRNewswire-FirstCall/ -- Hershey Foods Corporation
(NYSE: HSY), a leading snack food marketer and the largest North American
confectionery company, today announced a $500,000 donation to the United Negro
College Fund (UNCF) to establish the UNCF/Hershey Foods Scholarship. The fund
will benefit minority students from the Harrisburg, Lancaster and Lebanon,
Pennsylvania school districts. In 2005, Hershey Foods will contribute
$100,000 as part of a five-year, $500,000 commitment to UNCF.
"Hershey Foods Corporation is proud to support the United Negro College
Fund and its longstanding mission of promoting academic excellence," said
Richard H. Lenny, Chairman, President and Chief Executive Officer, Hershey
Foods Corporation. "This underscores our commitment to the community and our
support of higher education. We're pleased to provide financial assistance to
help students achieve their educational and career goals."
UNCF President and CEO Dr. Michael L. Lomax considers Hershey Foods'
support "an exceptional display of social responsibility that will hopefully
influence other businesses to invest in higher education." Both Hershey Foods
and UNCF are optimistic about the partnership and expanding the UNCF's
presence in Pennsylvania.
The Hershey Foods grant will be available in Fall of 2005 for Pennsylvania
residents attending one of UNCF's 38 member colleges, or any Pennsylvania
state institution. Hershey Foods anticipates the contribution will provide
scholarships to approximately 20 students, with awards ranging up to $5,000
each. This exciting program will afford representatives of selected school
districts an opportunity to work with UNCF on establishing community advisory
committees to review and recommend scholarship recipients.
The United Negro College Fund (UNCF) is the nation's largest, oldest, most
successful and most comprehensive minority higher education assistance
organization. UNCF provides operating funds and technology enhancement
services for 38 member historically black colleges and universities,
scholarships and internships for candidates at nearly 900 institutions and
faculty and administrative professional training. Visit us at
http://www.uncf.org.
About Hershey Foods Corporation
Hershey Foods Corporation (NYSE: HSY) is a leading snack food company and
the largest North American manufacturer of quality chocolate and non-chocolate
confectionary products, with revenues of over $4 billion and more than 13,000
employees worldwide. The company markets such well-known brands as Hershey's,
Reese's, Hershey's Kisses, Kit Kat, Almond Joy, Mounds, York, Jolly Rancher,
Twizzlers ,and Ice Breakers as well as innovative new products such as Swoops
and Hershey's S'mores. In addition to its traditional confectionery products,
Hershey offers a range of products specifically developed to address the
nutritional interests of today's health-conscious consumer. These products
include sugar-free Hershey's, Reese's and York candies, as well as Hershey's
SmartZone bars for people seeking a balanced diet. It also markets Hershey's
cocoa, Hershey's syrup and other branded baking ingredients, toppings and
beverages. Visit us at http://www.hersheynewsroom.com.
SOURCE Hershey Foods Corporation
-0- 11/11/2004
/CONTACT: Ayanna Canty, United Negro College Fund, +1-703-205-3510,
Ayanna.Canty@uncf.org; or Judy Hogarth, Hershey Foods Corporation,
+1-717-534-7631, jhogarth@hersheys.com/
/Web site: http://www.uncf.org /
/Web site: http://www.hersheys.com
http://www.hersheynewsroom.com /
(HSY)
CO: Hershey Foods Corporation; United Negro College Fund
ST: Pennsylvania, Virginia
IN: FOD EDU HED
SU: BLK
FB
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9909 11/11/2004 08:17 EST http://www.prnewswire.com
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