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Hodson Trust Challenge Continues
 When the Hodson Trust called together four Maryland colleges to accept grants for student scholarships and large capital improvements, Washington College was a big winner. With the Hodson Trust Challenge, a matching gift initiative that doubles endowment gifts over $100,000 for new scholarships, programs and professorships, the Trust has committed $10 million to Washington College. To date, The Hodson Trust has paid more than $6 million toward that pledge.
The Hodson Trust also makes annual grants to Johns Hopkins University, Hood College and St. John's College.
"This year's donation of $17 million is the largest grant ever given by the Hodson Trust to these four educational institutions," Finn M.W. Caspersen, Chairman of the Board of Trustees of The Hodson Trust, said at the December luncheon. "We hope to continue providing funds that enable these institutions to further grow their educational offerings and scholarship programs. We believe that by supporting excellence in education we can help create opportunities for the leaders of tomorrow."
The Hodson Trust was settled in 1920 by the family of Beneficial Corporation founder Colonel Clarence Hodson to support excellence in education. The Hodson Trust has honored Colonel Hodson's interest in higher education through the donation of millions of dollars in academic merit scholarships, as well as research grants. Under the stewardship of Finn Caspersen, the Trust's donations to the four colleges have grown to over $110 million over the past 24 years. Washington College's share has topped $32.9 million.
"We are extremely grateful for the support of the Hodson Trust," said College President John S. Toll. "The Hodson Trust has leveraged dramatically our success in recruiting good students and in attracting and retaining gifted professors. The transformational relationship that develops in the close interaction between brilliant and dedicated professors and students defines the Washington College experience. We thank Finn Caspersen for his support of this dynamic and innovative challenge program."
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