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Feb. 17: Hodson Trust grants Hood $3.5 million

Friday, February 17, 2017

FREDERICK, Md.—Hood College has received $3.5 million from its largest benefactor, the Hodson Trust, to support student scholarships, two endowed faculty chairs, and faculty and student research. This is the largest gift Hood has received from the Trust since 2007.

The Hodson Trust continued its previous support to the Hodson Endowed Chair in Nursing. It also granted funding for an Endowed Chair in Advanced Bioproducts Research and Education to match the grant by the Maryland Department of Commerce E-Nnovation Initiative Fund (MEIF). In addition, the Trust provided funding for scholarships for academic excellence and continuing high achievement scholars. The Trust is also supporting faculty-student summer research.

President Andrea E. Chapdelaine, Ph.D., received the gift from the Hodson Board of Trustees during a ceremonial presentation in Baltimore. Acknowledging the transformational impact of these gifts for Hood, President Chapdelaine thanked the trustees for their generous commitment to Hood.

“From investing in our faculty and students to enhancing our facilities, Hodson continues to make a difference for Hood,” she said. “For this and their unwavering support of our students, I am deeply grateful.”

Throughout the College, the Hodson name is prevalent in scholarships for students, fellowships for faculty, and named buildings. These include the Hodson Fitness Center, the Hodson Outdoor Theater, the Hodson Swimming Pool, the Hodson Gallery in the Tatem Arts Center, the Hodson Science and Technology Center, the Beneficial-Hodson Library and Information Technology Center.

The Trust was settled in 1920 by the family of Col. Clarence Hodson, who grew up in Maryland. Hodson believed that credit should be available to the average American, a revolutionary idea in 1914 when he founded the Beneficial Loan Society. Beneficial became one of the nation’s most successful corporations.

Each year, the Hodson grant is distributed among four Maryland institutions: Hood, Washington and St. John’s colleges and The Johns Hopkins University.