Baltimore, MD, November 30, 2004 — Washington College has been awarded $1.625 million from The Hodson Trust, officials of the College announced November 23. Since 1920, The Hodson 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 Johns Hopkins University, Hood, St. John's and Washington colleges. 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 Baird Tipson, President of the College.
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, 2004.
“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.”
For information of The Hodson Trust, visit www.hodsontrust.com.