Hood College’s impact extends beyond the campus and into the community and region. The College contributes to the intellectual, cultural and economic life of Frederick, one of Maryland’s largest cities and one of the nation’s fastest-growing metropolitan areas. The College attracts talented students, many of whom remain in the area as scientists, educators, government employees, entrepreneurs and community leaders. Hood’s students, faculty and staff are actively involved in the community, devoting hundreds of hours each year as volunteers for local nonprofit organizations.
- $32 million each year: Local, direct economic impact.
- $100 million each year: Regional, state and national direct and indirect economic impact.
- More than 1,600: Frederick County jobs sustained by Hood’s presence.
- 3,501 Hood community members: Alumnae, alumni, students, faculty and staff living in Frederick County.
- More than 348,000: Community service hours Hood students have given in the Frederick area during the past 10 years.
- More than 200: Internship sites throughout the region with which Hood maintains relationships.
- In the county’s education sector alone, those with Hood degrees include: 271 teachers, 8 principals, 12 assistant principals, 1 superintendent and 12 counselors.
- Center of intellectual and cultural life: Annually, 20 arts and music events, 25 lectures (visitors include Cornel West, professor, philosopher and African-American studies authority; Sister Helen Prejean, author of “Dead Man Walking”; John Waters, film icon; Diane Rehm, radio talk show host; Frank Deford, author; Cokie Roberts, news journalist) and 95 home athletic events.
The College continues to exercise prudent fiscal management and allocate resources to ensure our students receive the best possible experience inside and outside the classroom. Hood completed the past fiscal year with a strong financial performance, a balanced budget and another unqualified audit opinion by our auditors. As of June 2010, the value of the endowment, restricted and unrestricted, was nearly $52 million.
The recently completed Hood College Master Plan calls for substantial additions, improvements and upgrades to the campus facilities, grounds and infrastructure. Classrooms across campus continue to be upgraded with the latest in information technology tools, and an engineering study that is the first phase of a major campus heating, ventilating and air conditioning system replacement is underway. Long-term projects, pending funding, include the addition of two residence halls, improvements to existing residence halls, a gymnasium and fitness center, and improvements to the campus roadways and additional parking.