Picture of Colonel Clarence Hodson

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December 11, 2015


Frederick, Maryland—December 11, 2015— Hood College has received $3 million in cash and equities from its largest benefactor to support student scholarships, facilities renovation, academic programs and faculty and student research.

In this year's award from the Hodson Trust, $500,000 will provide ongoing funding for full tuition scholarships for the 15 students from Frederick, Carroll and Washington counties who enrolled as first-year students at Hood last year.

Also included in this year's gift is $500,000 for the renovation of the Tatem Arts Center, $300,000 for the endowed chair of nursing, $200,000 in endowed funding for Hood's Summer Research Institute and $1,500,000 for the Hodson Trust Scholarship Endowment for student scholarships.

Throughout the college, the Hodson name is prevalent in scholarships for students, fellowships for faculty and named buildings. Some of the Hodson-named buildings and facilities include the Hodson Fitness Center in the Ronald J. Volpe Athletic Center, the Hodson Outdoor Theater, the Hodson Swimming Pool, the Hodson Gallery in the Tatem Arts Center, the Hodson Science and Technology Center and the Beneficial-Hodson Library and Information Technology Center.

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.

Each year the Hodson grant is distributed among four Maryland institutions: Hood, Washington and the Annapolis campus of St. John's College and The Johns Hopkins University.

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December 18, 2015—The Hodson Trust recently awarded St. John's College $2.5 million, with $250,000 to support the second year of the college's curricular study, which will focus on recent advances in biology, and $2.25 million for the Hodson Scholarship endowment which supports financial aid, assuring access for qualified 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 college's Annapolis, Maryland campus who demonstrate academic promise and financial need.  These scholarships help ensure that St. John's is affordable to students and families from all economic backgrounds.

In addition, the generous Hodson Trust grant supports partial funding for a multi-year program to deepen and expand understanding of new developments in quantum mechanics and biology and to incorporate them into the curriculum in the senior year. "The Hodson Trust supports St. John's College in the most important ways through its grants," says Pamela Kraus, dean at St. John's College. "It allows committed, deserving students access to our excellent curriculum, and it sustains a curriculum dedicated to cultivating students" natural abilities, so that they remain open to discovery and to active participation in life."

For more information about these and other opportunities at the college, contact the St. John's College Admissions Office at 410-626-2522 or visit www.sjc.edu.

For more information about the Hodson Trust: www.hodsontrust.org.

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December 11, 2015—With its 2015 gift to Washington College, The Hodson Trust is hitting all the high notes: scholarships, student/faculty research, internships, and an endowed faculty chair.  

Washington College's most generous long-term benefactor, The Hodson Trust, has answered President Sheila Bair's call for more scholarship funding with a $750,000 gift to endow her George's Brigade initiative, as well as $500,000 for the Hodson Trust Merit Scholarship Endowment. The merit scholarship grants are part of Hodson's annual gift—this year totaling $3 million.

The Hodson Trust is also directing funds toward collaborative student/faculty research, internship stipends, and an endowed faculty chair in economics. 

During her inaugural address, President Bair described "George's Brigade" as a way to enable high-achieving students from low-income families to afford a Washington College education. In its first year, the College hopes to meet the full financial needs of 20 students accepted through the George's Brigade initiative. Admissions officers are targeting high schools nearby in Baltimore and Newark, New Jersey, as well as schools in California, Florida, and Georgia.

"We are so grateful that today's leadership of The Hodson Trust remains committed to that remarkable spirit of generosity toward Washington College first exhibited by Colonel Clarence Hodson in 1928," remarked Bair. "The most enduring and vital support from The Hodson Trust has been through gifts that create and sustain student scholarships so that every kind of student has access to a life-changing education at Washington College."

The Hodson Trust Merit Scholarship Endowment provides four-year awards to students who have demonstrated outstanding academic achievement, character, and citizenship.

A grant of $750,000 will augment the Hodson Trust Undergraduate Research Scholars Fund established last year. The endowed fund, now topping $1.6 million, supports collaborative faculty-student research in the arts, humanities, social sciences, and natural sciences.

In addition, $600,000 is earmarked for the Hodson Trust Internship Endowment, established in 2012 to remove the economic barrier that prevents financially strapped students from accepting unpaid or low-paying internships, despite their long-term career benefits.  Hodson Trust Internship Grants help cover costs such as transportation, housing and food.

The remainder of the 2015 gift, $400,000, will further endow the Hodson Trust Chair in Economics, currently held by associate professor Lisa Daniels.

Since bestowing a grant of $29,884 in 1936, the Trust has given nearly $73 million to Washington College.

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