Picture of Colonel Clarence Hodson

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December 5, 2013


Frederick, Maryland—Friday, December 13, 2013—Hood College has received $2.5 million from The Hodson Trust that will go to academic initiatives and student scholarships.

The largest portions of the gift will go to the College's nursing program, including $425,000 to help fund the Hodson Trust Professorship in Nursing; and $250,000 for equipment for a new nursing lab facility in the Hodson Science and Technology Center.

The gift also includes $400,000 to fund faculty research. The trust has provided nearly $1 million in recent years to create and sustain an endowment fund for the summer research institute, which supports important faculty research initiatives across academic disciplines. Also included in the gift is $925,000 toward the Hodson Trust Scholarship Endowment for student scholarships and $500,000 toward construction and upgrades to Tatem Arts Center and the Hodson Science and Technology Center.

"We appreciate the Hodson Trust's ongoing generosity, which throughout the years has provided funding for important college initiatives, including faculty research, academic programming and student scholarships," said President Ronald Volpe. "The successes Hood has realized during this critical transformational period could not have occurred without the significant and continuing support from the Hodson Trust. For that we are grateful."

The Hodson Trust, whose investment in talented students is a top priority, has awarded the College more than $76 million since 1936. Throughout the College, the Hodson name is prevalent from scholarships for students and fellowships for faculty to a lecture series and named buildings. Some of the Hodson-named buildings and facilities include the Hodson Fitness Center in the new campus athletic center, Hodson Outdoor Theater, the Hodson Swimming Pool, the Hodson Gallery in the Tatem Arts Center, the Hodson Science and Technology Center, the Beneficial-Hodson Library and Information Technology Center and more.

The trust was settled in 1920 by the family of Col. Clarence Hodson, who grew up in Maryland. Hodson believed that credit should be available to the average American, a revolutionary idea in 1914 when he founded the Beneficial Loan Society. Beneficial became one of the nation's most successful corporations.

Hood Mission

Hood College prepares students to excel in meeting the personal, professional and global challenges of the future. Hood is committed to the integration of the liberal arts, the professions and technology, to the exploration of values, a sense of community and to the preparation of students for lives of responsibility, leadership and service

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Baltimore, Maryland—January 15, 2014—Johns Hopkins has been awarded a grant this year of $2,512,500 from the Hodson Trust in support of undergraduate scholarship endowment; the Hodson-Abeloff Young Investigators in Oncology; and the STAR scholarship program, which provides tuition aid for students who are veterans of the wars in Iraq and Afghanistan.

Since 1958, the trust has awarded more than $78.5 million to Johns Hopkins for a wide variety of priorities across the institution, including the construction of Hodson Hall on the Homewood campus.

A centerpiece of the trust's relationship with the university is the continuing commitment to excellence in education, celebrated in December at the annual Hodson Scholars Luncheon.

The trust has contributed more than $32 million for undergraduate financial aid alone, supporting nearly 1,000 Hodson Scholars and 263 Hodson-Gilliam Success Scholars over the years. It has also endowed the Provost's Undergraduate Research Awards program.

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December 15, 2013—The Hodson Trust recently awarded St. John's College $2.5 million, with $1 million for the college's internship program and $1.5 million for financial aid for undergraduates enrolled at the Annapolis campus of this independent, coeducational four-year college. St. John's students pursue an interdisciplinary curriculum that provides an in-depth, rigorous exploration of the most influential ideas as experienced in the original works of the great writers, philosophers, and scientists.

Approximately 70 percent of St. John's students receive need-based financial aid; the college also grants merit aid. The Hodson Scholar awards and the Hodson Foundation Scholarships are provided to those students attending the Annapolis, Maryland campus who demonstrate academic promise and financial need. These scholarships help ensure that St. John's is affordable for students from families at all income levels.

In addition, the generous Hodson Trust grant supports increases to a robust internship program for undergraduates. Through the Hodson Trust Internship program, St. John's undergraduates can spend the summer exploring a wide range of careers; they intern in organizations such as: Johns Hopkins School of Medicine; U.S. Naval Observatory; Arete Wealth Management; Library of Congress; World Bank; Maryland Office of the Public Defender; the University of Chicago's Institute for Mind & Biology; the Institute for Behavioral Genetics at the University of Colorado, Boulder; Tufts University's Advanced Integrated Circuits and Systems Lab, as well as investment companies, education and arts programs, and entrepreneurial ventures in the United States, Asia and Africa, and other locales around the world.

“We are grateful to the Hodson Trust for these very generous grants that add to the college's endowment. The internship program enables students to gain valuable experience in careers of their choice. And the Trust's continued support for financial aid means that the college can provide scholarships for qualified students,” says Barbara Goyette, vice president for advancement at St. John's College. For more information about these and other grant and scholarship opportunities at the college, contact Admissions at 410-626-2522 or visit www.stjohnscollege.edu.

Over 93 years the Hodson Trust has awarded more than $250.7 million in support of higher education at four Maryland institutions: St. John's College, Hood College, Washington College, and Johns Hopkins University. More information: www.hodsontrust.org.

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The latest gift from the College's most generous donor boosts endowments for scholarships, internships, a faculty chair and environmental programs.

Chestertown, Maryland—The Hodson Trust has awarded four grants totaling $2.5 million to Washington College. The grants will support four areas that have been identified as endowment priorities in the College's Strategic Plan: scholarships, internships, faculty positions, and programs focused on the environment.

A grant of $1 million will augment the Hodson Trust Merit Scholarship Fund, which provides four-year awards to students who have demonstrated outstanding academic achievement, character and citizenship. “With so many families struggling to invest in the top-tier liberal arts education they want for their children, this kind of scholarship support is vital,” College president Mitchell B. Reiss said in announcing the gifts to the campus community. “We are especially grateful to the Trust for investing in our students' futures in this way.”

The Trust made a second $1 million gift as a matching challenge grant for the Center for Environment and Society Endowment Campaign. That campaign has already raised nearly $2.5 million toward its $6 million goal. For every dollar contributed to the endowment campaign up to a total of $1 million, the Trust will contribute a dollar to the Hodson Trust-CES Research Endowment to fund the operating costs of research vessels, a Visiting Scientist Program that will engage undergraduates with mentors in summer research, and the purchase of scientific equipment.

Washington College Vice-President for Advancement Gary Grant said the Trust's match will go a long way toward reaching CES's endowment goals: “Meeting the terms of this challenge will take us to at least the $4.5 million mark. This is a strong endorsement of the work the CES does to boost environmental education, not just for our students but also for the greater public throughout the region.”

A $300,000 grant goes to bolster the Hodson Trust Internship Endowment, which was established in 2012. Funds from the growing endowment will remove the economic barrier that prevents financially strapped students from accepting unpaid internships, despite their long-term career benefits. “Paid internships are increasingly difficult to secure, but unpaid internships with their lack of wages, stipends, and/or travel expenses can restrict the pool of applicants,” said President Reiss. “Some families and students opt for short-term income over the long-term advantages of completing a successful internship. We can remove such barriers through Hodson Trust Internship Grants.”

The final part of the 2013 gift from the Trust is a $200,000 contribution to further endow the Hodson Trust Chair in Economics, currently held by associate professor Lisa Daniels.

The Hodson Trust is the school's largest single benefactor to date. This year's $2.5 million gift brings the Trust's total giving to Washington College to more than $67 million since the first grant of $29,884 was awarded in 1936. “We are very pleased that Chairman Gerald Holm and the other trustees of The Hodson Trust continue to show their confidence in the College's academic mission,” said Reiss. “It's a remarkable partnership that has flourished for nearly eight decades, and one we deeply appreciate.

The Trust was established in 1920 by the family of Colonel Clarence Hodson to benefit four private educational institutions in Maryland: Washington College, Hood College, St. John's College and The Johns Hopkins University.

Colonel Hodson, who grew up in Somerset County, founded the Beneficial Loan Society, a groundbreaking home mortgage business that grew into a major financial services corporation. An initial investment of $100 grew over the ensuing decades into a trust that has awarded more than $240 million to the four beneficiary institutions. For more information, visit www.hodsontrust.org.

Washington College is a private, independent college of liberal arts and sciences founded in Chestertown in 1782 under the patronage of George Washington. It was the first college chartered in the new nation. To learn more, please visit www.washcoll.edu.

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