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The newspaper of The Johns Hopkins University December 6, 2004 | Vol. 34 No. 14
Hodson Trust Awards $6.5 Million to Four Maryland Colleges

President William R. Brody, student speaker Saul Garlick and Finn M.W. Caspersen, chairman of the Hodson Trust, at the luncheon announcing the Hodson grants.

At a luncheon held Dec. 1 in Baltimore, the Hodson Trust presented grants totaling $6.5 million to four Maryland colleges. Johns Hopkins, Hood College, Washington College and St. John's College will each receive $1,625,000.

With this year's grants, the trust has given a total of $155.6 million to the four colleges it supports.

The Hodson Trust was settled in 1920 by the family of Col. Clarence Hodson, founder of the Beneficial Corp., to support excellence in education. "Col. Hodson believed that credit should be available to the average American, a revolutionary idea in 1914, when he founded the Beneficial Loan Society, " said Hodson Trust Chairman Finn M.W. Caspersen. "That single idea led to the creation of one of the nation's most successful corporations, and provided the means to fund the Hodson Trust.

"The power of a single original idea, coupled with strong follow-through, can produce remarkable results," Caspersen said. "The colleges and university that the Hodson Trust supports are among the best idea factories in the world. We believe these grants are an excellent investment, supporting the development of new ideas that will change individual lives and benefit all of America."

The Hodson Trust has given millions of dollars to endow academic merit scholarships at all four schools. In addition, grants from the trust have supported research, academic programs, new facilities, professorships and other initiatives to advance the missions of the four Maryland institutions.

At Johns Hopkins, Hodson Scholarships, which cover a significant portion of tuition costs, are awarded to exceptionally talented undergraduates in the Krieger School of Arts and Sciences and the Whiting School of Engineering.

Saul Garlick, an international relations major at Johns Hopkins and one of four students who spoke at the luncheon, said the Hodson Trust "literally opened up a world of opportunities for me." Garlick, who founded a nonprofit student group that raises money for schools in Africa, said, "Because of the Hodson Scholarship, I have not needed to work at a part-time job while I have been at school, which has meant that I could focus my attention on the extracurricular activities that are giving me the experiences I want and need to accomplish my dreams for the future."

Johns Hopkins will use this latest Hodson Trust grant to create a new endowed fund for a university archivist and to increase the endowment for the Hodson Directorship of the Digital Knowledge Center at the Eisenhower Library. The grant also will support the Hodson Scholarship endowment, the Provost's Undergraduate Research Awards and the Hodson Trust Young Investigator in Oncology Award at the Sidney Kimmel Comprehensive Cancer Center.

Johns Hopkins President William R. Brody said, "We are grateful for all that the Hodson Trust has done to strengthen this university. Throughout our campuses, the name Hodson is synonymous with excellence."


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