The Hodson Trust remains dedicated to supporting excellence in education by providing students at four highly distinguished Maryland institutions with continued financial support and access to modern facilities.
BALTIMORE -- The Hodson Trust, established more than 75 years ago to support higher education in Maryland, today awarded $6.6 million to four private colleges for student scholarships and large capital improvements.
Since 1920, The Hodson Trust has given more than $77 million to fund academic merit scholarships as well as research grants, campus building improvements, computer network upgrades, endowment funds, and library improvements at The Johns Hopkins University, and Hood, Washington and St. John's colleges. A total of 350 students at the four schools currently receive support from The Hodson Trust.
"The Hodson Trust remains dedicated to supporting excellence in education by providing students at these four highly distinguished institutions with continued financial support and access to modern facilities," said Finn M.W. Caspersen, chairman of The Hodson Trust and chairman and chief executive officer of Beneficial Corporation of Wilmington, Del.
The private trust holds Beneficial Corporation stock as an investment, and uses the earnings from that stock and other investments to fund educational programs.
Grants for 1997 are cash and stock totaling $1,921,831 each to Washington and Hood colleges and to The Johns Hopkins University; and $873,857.50 to St. John's College. The colleges will use the grants for endowments for scholarships and other educational purposes. The Hodson Trust generously funds an academic merit scholarship for minority students among its many educational programs.
"This is truly an investment in the future, because it is these students who will be shaping the world of the 21st Century. Hood is very grateful for the support and foresight of The Hodson Trust," said Shirley Peterson, president of Hood College. "The Hodson Trust has invested most generously in providing numerous scholarship opportunities to a very talented and diverse group of Hood students."
Dr. William R. Brody, president of The Johns Hopkins University, said, "The Hodson Trust's very generous and increasing support for undergraduate financial aid helps Johns Hopkins attract some of the best students in the country. I"m also grateful for the Trust's strong interest in other Hopkins initiatives in both education and research.
Christopher B. Nelson, president of St. John's College, said, "This year's gift makes it possible for us at St. John's College to wire the entire campus, including dorm rooms, for computer capacity everywhere. And, as if that were not enough, we"ve been given an endowment to support the computer operation. Without these two gifts, we could not complete these projects for many years."
John S. Toll, president of Washington College, said, "Through the generosity of The Hodson Trust, Washington College has been able to provide a quality education to a diverse group of capable students. This year's gift supports our top priority of scholarships for able students and thus helps to ensure that Maryland's first chartered college will be educating outstanding citizens for the next millenium."