Hodson Trust Awards $1.6 Million
The Hodson Trust, the College’s largest and most consistent
benefactor, awarded $1.625 million to Washington College at
its annual awards luncheon in December. The money has been earmarked
for scholarships and endowment.
The Hodson Trust also makes annual grants to Johns Hopkins University,
Hood College and St. John’s College. Since 1920, the Trust
has given more than $155 million to fund academic merit scholarships
as well as research grants, technology improvements, building
construction, library expansion, athletic programs, faculty
salaries and endowment funds at the four Maryland private schools.
The charity was established by the family of Colonel Clarence
Hodson, founder of the Beneficial Corporation financial services
firm.
“The Hodson Trust has remained a loyal partner of Washington
College for many years and has played a special role in our
rapid growth and development during the past decade,”
said President Tipson.
The Hodson Trust recently boosted the efforts of the Campaign
for Washington’s College—the College’s five-year
capital fundraising campaign launched in September 1999—by
designing a challenge program that matched gifts to endowments
of $100,000 or more, doubling the value of the contributions.
With the help of the Trust, the Campaign was able to top $103
million by its completion on January 1, 2005.
“The
Trust’s generosity has leveraged our success in academics,
finances and student recruitment,” added Tipson. “We
are very grateful for its special commitment to private independent
higher education in Maryland.”
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