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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