Trust in education

December 09, 1993

Not many people know about the Hodson Trust. Yet this foundation has given over $53 million to four private Maryland colleges, including nearly $3 million this month to Washington College in Chestertown, Hood College in Frederick, St. John's College in Annapolis and the Johns Hopkins University in Baltimore.

St. John's received $358,124.41; the other three got $855,767.66. What will that buy? Money for what eventually will be a $5 million minority scholarship fund at each school; money for an endowment for academic excellence; graduate fellowships in the humanities; oncology research; special loan and scholarship programs.

Clarence Hodson of Dorchester County, the founder of consumer-finance giant Beneficial Corp., would be proud of this trust. His money is being put to good use on four Maryland campuses.

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