Picture of Colonel Clarence Hodson

The Hodson Trust provides funds that enable the four Maryland colleges to further grow their educational offerings and scholarship programs.

HODSON TRUST AWARDS $6.09 MILLION TO FOUR MARYLAND COLLEGES

Support Over Eight Decades Tops $132 Million

Baltimore, Maryland – December 4, 2002 – At a luncheon on December 4, the Hodson Trust will present grants totaling $6,094,586 to four Maryland colleges. Johns Hopkins University, Hood College and Washington College each will receive $1,764,151, and $802,133 will go to St. John’s College.

"The Hodson Trust believes firmly and completely in the value of education," said Finn M. W. Caspersen, chairman of the Hodson board of trustees since 1976. "It makes a crucial difference to individuals, to the United States and to the world.

"We are pleased to support education in Maryland," he continued. "We consider these grants to be an excellent investment in talented scholars and important educational initiatives."

The Hodson Trust was settled in 1920 by the family of Colonel Clarence Hodson, Beneficial Corporation founder, to support excellence in education. The Hodson Trust has honored Col. Hodson’s interest in higher education by giving millions of dollars to endow academic merit scholarships at all four schools. In addition, grants from the Trust have supported research, academic programs, new facilities, professorships and other initiatives to advance the missions of the four Maryland colleges.

Audrey Dolginoff from St. John’s College is one of the hundreds of students benefiting from Hodson Trust support. "I’d like to thank the Hodson Trust for granting me the opportunity to have a summer that changed my life," she commented. Her internship at the Summit School Summer Camp in Edgewater was an experience that "would not have been possible for me without the assistance of the Hodson Trust," Dolginoff said. "Spending actual time in front of a classroom and working one-on-one helping the students learn to deal with their learning disabilities confirmed my decision to earn a master’s in special education."

At Hood College, this year’s Hodson grant will go toward the recently opened Hodson Science and Technology Center, the newest facility of its kind in Maryland, according to Hood President Ronald J. Volpe

"The Hodson Trust has been an important partner in the life of Hood College, from the first gift it gave Hood in 1936 to the very generous gift today," Volpe said. "As Hood moves into the newest chapter of its 109-year history—and a move to becoming a fully coeducational college—we look forward to the Hodson Trust being a partner in helping to shape Hood College as a premier educational institution for men and women. Hood’s new science center will continue to contribute to the advancement of Hood’s students and to the economic progress of the region and the state of Maryland."

Johns Hopkins University President William R. Brody said, "The generous support of the Hodson Trust has made a truly remarkable difference at Johns Hopkins, and Finn Caspersen has been an invaluable partner in our efforts to advance this University."

In October, Hopkins dedicated a state-of-the-art academic building, Hodson Hall, which Brody called "the latest of the many, many investments the Trust has made here." He said this year’s Hodson grant will increase endowments for Hodson Scholarships, the Provost’s Undergraduate Research Awards, and the Hodson Directorship of the Digital Knowledge Center at the University’s main library. It also will support a Young Investigator’s Award at the Kimmel Cancer Center.

"We are profoundly grateful for the continued support of The Hodson Trust," said Washington College President John S. Toll. "It is largely to Finn Caspersen’s credit that Washington College has been able to surpass its original goal of $72 million in its current Campaign for Washington’s College.

"When Mr. Caspersen authorized the Trust’s projected contributions of $15 million to be used as a Hodson Challenge, other major donors stepped up to provide funding for endowed scholarships, academic programs and faculty chairs," Toll continued. "The Hodson Trust has leveraged dramatically our success in recruiting good students, in attracting and retaining gifted faculty and in enhancing our academic programs."

Christopher N. Nelson, president of St. John’s College, said the Hodson grant will help to complete the extensive renovation to Mellon Hall, the college’s largest classroom building, by providing challenge funding. "Through the Hodson Trust’s grants for scholarships, internships, and capital projects, the transforming experience of the St. John’s program is being realized more fully for our students," Nelson commented. "For this we are very grateful to the Trust and to Finn Caspersen, its chairman.

"The Hodson Trust continues to be a powerful force in higher education in Maryland through its support to colleges," Nelson said.

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