Advertisement

Benefactor gives $4 million to Hood

December 22, 2008

FREDERICK, Md. -- Hood College's largest benefactor recently awarded gifts totaling more than $4 million to the college for scholarships and campus improvements.

About $3 million will be used to support upgrades to Hood's residence halls and other campus improvements, including the installation of a new outdoor playing field and related improvements.

"The Hodson funds will make an enormous impact on the quality of residential life," President Ronald J. Volpe said in a release. "This will also be a major boost for our intercollegiate athletic teams, and will benefit all students who participate in recreation and intramurals."

The Hodson Scholarship Foundation also provided $1.1 million of this year's awards to support Hodson Scholarships, which are awarded to Hood's most academically outstanding students, and more than $45,000 for the Hodson Trust Star Scholarship program, established last year for Maryland veterans who have served in Iraq and Afghanistan. Three Hood students are receiving that scholarship, which pays for 100 percent of the students' costs not met by other scholarships or assistance.

Advertisement

The Hodson Trust, whose investment in talented students is a top priority, has awarded the college more than $64 million since 1936.

Each year, the Hodson grant is distributed among four institutions: Hood, Washington and St. John's colleges, and The Johns Hopkins University. With this year's grants, the trust has awarded more than $210 million to the four Maryland institutions.

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.

The Herald-Mail Articles
|
|
|