Hodson Trust Gives $2 Million
- Kathy Thornton '13
In December 2011, The Hodson Trust awarded $2,004,250 to Washington College to fund scholarships, faculty development, and technological upgrades. The Trust, which benefits four private institutions in Maryland, is Washington College’s single largest benefactor and has supported the College for over nine decades.
In announcing receipt of Hodson’s generous annual gift, College President Mitchell B. Reiss explained that more than $1 million is earmarked for the Hodson Trust Merit Scholarship Fund, which provides four-year awards to full-time students who have demonstrated outstanding academic achievement, character and citizenship. Sixty-four current Washington College students receive merit scholarships funded by the Trust.
“In this economic climate, these scholarships are vitally important as students and families stretch their resources to meet the cost of a private education,” says Reiss. “The Hodson Trust’s steadfast support in this area is greatly appreciated.”
An additional $44,764 will support ongoing Hodson Trust Star Scholarships for veterans of the U.S. wars in Iraq and Afghanistan.
In response to the College’s technology needs, The Hodson Trust has earmarked $300,000 to help pay for upgrades in admissions software and website architecture.
The award will also bolster faculty development, a priority traditionally supported by the Hodson Trust. The 2011 gift added $412,500 to the endowment of the Hodson Trust Faculty Development Fund, established last year to fund competitive grants for faculty research, scholarship, seminars and other opportunities for learning and advancement. An additional $37,500 became available to support grant awards in the following year.
“Our gifted faculty, and the myriad ways in which they share their enthusiasm and expertise with our students, is at the heart of our mission,” said Reiss. “By empowering the faculty to stay current and engaged in their subject areas, we can continue to inspire our students to pursue their own passions.”