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The newspaper of The Johns Hopkins University December 4, 2006 | Vol. 36 No. 13
Hodson Grant to Support T.S. Eliot Publication, New Research Center

Johns Hopkins is one of four Maryland colleges that last week were each awarded a $4.5 million grant from the Hodson Trust. The other recipients are St. John's, Hood and Washington colleges. Hodson Trust Chairman Finn M.W. Caspersen pointed out that these grants, totaling $18 million, are the largest in the trust's 86-year history.

"The impact of the Hodson Trust's support is exponential — reflected not only in the accomplishments of the generations of students the trust has supported but also in the ever-growing contributions of these students to society," he said.

Johns Hopkins President William R. Brody said, "We are deeply grateful for the Hodson Trust's extraordinary generosity. In addition to supporting priority programs we have long associated with the trust, this year's grant will underwrite publication of the collected prose of T.S. Eliot by the Johns Hopkins University Press and will establish the Hodson Center for Cancer Research Scholars. These projects," he said, "are enormously exciting and will create an additional visible testament to the enduring partnership between the Hodson Trust and Johns Hopkins."

The grant also will provide continued support for Hodson Scholarships and Hodson-Gilliam Success Scholarships, which benefit undergraduate students; the Provost's Undergraduate Research Awards program; and an endowment for the curator of the university archives.

With this year's grants, the Hodson Trust has awarded more than $184 million to the four Maryland colleges. These funds have endowed academic merit scholarships and supported research, academic programs, new facilities, professorships and other initiatives to advance the missions of the four institutions.

The Hodson Trust was settled in 1920 by the family of Col. Clarence Hodson, who grew up in Maryland. Hodson believed that financial credit should be available to the average American, a revolutionary idea in 1914, when he founded the Beneficial Loan Society. Beneficial, which became one of the nation's most successful corporations, was headed by Caspersen from 1976 to 1998 and is now part of HSBC. During Caspersen's tenure, the market capitalization of Beneficial Corp. grew from $480 million to $8.8 billion.


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