Hodson Trust Distributes $8.37 Million in Grants to Four Maryland Colleges; Continues a Tradition of Supporting Excellence in Education

12 Dec, 2001, 00:00 ET from Hodson Trust

    BALTIMORE, Dec. 12 /PRNewswire/ -- Today the Hodson Trust will present
 four Maryland colleges with educational grants for student scholarships
 totaling $8.37 million.  The grants will be distributed to Johns Hopkins
 University, Hood, Washington and St. John's colleges.
     "Neither business nor our nation can prosper without an educated
 populace," said Finn M.W. Caspersen, Chairman of the Board of Trustees of The
 Hodson Trust.  "The Trust was founded on the principle that education is a
 necessity that serves not only the individual but the community as a whole.
 Despite the difficult economic environment, Hodson Trust is pleased to
 continue to show a strong level of financial commitment to these four Maryland
 colleges.  We know that our funds are further supplementing the ability for
 these colleges to provide financial assistance to students as well as to
 enhance the development of important educational programs."
     The Hodson Trust was settled in 1920 by the family of Beneficial
 Corporation founder, Colonel Clarence Hodson, to support excellence in
 education.  The Hodson Trust has honored Colonel Hodson's interest in higher
 education through the donation of millions of dollars in academic merit
 scholarships, as well as research grants.  Under the stewardship of Finn
 Caspersen, the Trust's donations to the four colleges have grown from
 $12.6 million to over $118 million over the past 25 years.
     Each year, the Hodson grant is distributed among the four colleges.  In
 addition to student scholarships and internships, the grants are also used for
 professor endowments, research grants, information technology initiatives,
 athletic programs, large construction projects and endowment funds.
     One of the many students to benefit from the scholarship program is Gia
 Megan Grier of Washington College, who commented, "My college experience has
 put me on the path to enter the post-graduate realm ready to lead and enact
 positive change on my society.  The work of Mr. Finn Caspersen, Chairman of
 the Hodson Trust, and the trustees has resulted in the ability of thousands of
 students to make positive contributions on college campuses all over the
 state. This will also allow us to continue in life, repaying the Hodson Trust
 by our positive impacts on the global community."
     "Over a period of 65 years, the Hodson Trust has been the largest single
 donor to Washington College.  Much of the $35 million the Trust has given has
 gone into endowment, largely for scholarships, where it has continued to grow
 as well as to support literally thousands of students," said Washington
 College President John S. Toll.  "In one year alone, using the Hodson
 Challenge, Washington College created four new, fully endowed chairs.  The
 challenge was a brilliant idea of Mr. Caspersen.  To date, it has stimulated
 $8.4 million in new gifts.  Based on this success, Mr. Caspersen has agreed to
 extend the Hodson Trust match for the challenge from $10 to $15 million for
 the continued Campaign for Washington College.  Hodson Trust's enlightened
 philanthropy has been a cornerstone for progress of Washington College."
     "From my office window on the Homewood campus I am able to watch our
 newest academic building -- Hodson Hall -- being built," said Dr. William
 Brody, President of Johns Hopkins University.  "The steady and methodical
 progress of the workers involved in its construction is an apt metaphor for
 the tremendous and consistent support Johns Hopkins University has received
 from the Hodson Trust for more than four decades. This year's grants will
 support vital university activities ranging from the Eisenhower Library to the
 Weinberg Oncology Center, the Provost's Undergraduate Research Awards to
 endowment support of the Hodson Trust scholarships. As ever, the generosity of
 the Hodson Trust makes a critical difference in our ability to provide a
 world-class education, and to make that education available to students from
 all backgrounds. We are deeply grateful for the support and enduring
 friendship the Hodson Trust has shown to Johns Hopkins."
     This year, Hood's gift will be devoted to the renovation and construction
 of the Hodson Science and Technology Center. Hood College President Dr. Ronald
 J. Volpe said, "Our new science and technology center recognizes the
 increasing importance of science and technology in the Washington, D.C., and
 Baltimore regions. It will help contribute to the advancement of Hood's
 students and to the economic progress of the region and the state of Maryland.
 From the first gift it gave to Hood in 1936 to the very generous gift today,
 The Hodson Trust continues to play an important role in making Hood College a
 premier educational institution."
     St. John's will use the funds from the Hodson Trust as a challenge to
 other donors to renovate Mellon Hall, the college's largest classroom building
 containing all of the college's laboratory classrooms, music rooms, several
 faculty offices, seminar classrooms, art studios, and auditorium. The
 challenge has been remarkably successful as the college is closing in on the
 targeted goal of $12.9 million needed to complete the work now underway.
 Christopher B. Nelson, president of St. John's, stated, "The Hodson Trust is
 providing valuable leverage for the college to raise additional millions of
 dollars to support the Mellon Hall renovation. This challenge program is both
 extraordinarily generous in itself and extremely encouraging of further
 generosity from the college's other friends and alumni. We are very grateful
 to the Trust and to Finn Caspersen, its chairman."
 
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SOURCE Hodson Trust
    BALTIMORE, Dec. 12 /PRNewswire/ -- Today the Hodson Trust will present
 four Maryland colleges with educational grants for student scholarships
 totaling $8.37 million.  The grants will be distributed to Johns Hopkins
 University, Hood, Washington and St. John's colleges.
     "Neither business nor our nation can prosper without an educated
 populace," said Finn M.W. Caspersen, Chairman of the Board of Trustees of The
 Hodson Trust.  "The Trust was founded on the principle that education is a
 necessity that serves not only the individual but the community as a whole.
 Despite the difficult economic environment, Hodson Trust is pleased to
 continue to show a strong level of financial commitment to these four Maryland
 colleges.  We know that our funds are further supplementing the ability for
 these colleges to provide financial assistance to students as well as to
 enhance the development of important educational programs."
     The Hodson Trust was settled in 1920 by the family of Beneficial
 Corporation founder, Colonel Clarence Hodson, to support excellence in
 education.  The Hodson Trust has honored Colonel Hodson's interest in higher
 education through the donation of millions of dollars in academic merit
 scholarships, as well as research grants.  Under the stewardship of Finn
 Caspersen, the Trust's donations to the four colleges have grown from
 $12.6 million to over $118 million over the past 25 years.
     Each year, the Hodson grant is distributed among the four colleges.  In
 addition to student scholarships and internships, the grants are also used for
 professor endowments, research grants, information technology initiatives,
 athletic programs, large construction projects and endowment funds.
     One of the many students to benefit from the scholarship program is Gia
 Megan Grier of Washington College, who commented, "My college experience has
 put me on the path to enter the post-graduate realm ready to lead and enact
 positive change on my society.  The work of Mr. Finn Caspersen, Chairman of
 the Hodson Trust, and the trustees has resulted in the ability of thousands of
 students to make positive contributions on college campuses all over the
 state. This will also allow us to continue in life, repaying the Hodson Trust
 by our positive impacts on the global community."
     "Over a period of 65 years, the Hodson Trust has been the largest single
 donor to Washington College.  Much of the $35 million the Trust has given has
 gone into endowment, largely for scholarships, where it has continued to grow
 as well as to support literally thousands of students," said Washington
 College President John S. Toll.  "In one year alone, using the Hodson
 Challenge, Washington College created four new, fully endowed chairs.  The
 challenge was a brilliant idea of Mr. Caspersen.  To date, it has stimulated
 $8.4 million in new gifts.  Based on this success, Mr. Caspersen has agreed to
 extend the Hodson Trust match for the challenge from $10 to $15 million for
 the continued Campaign for Washington College.  Hodson Trust's enlightened
 philanthropy has been a cornerstone for progress of Washington College."
     "From my office window on the Homewood campus I am able to watch our
 newest academic building -- Hodson Hall -- being built," said Dr. William
 Brody, President of Johns Hopkins University.  "The steady and methodical
 progress of the workers involved in its construction is an apt metaphor for
 the tremendous and consistent support Johns Hopkins University has received
 from the Hodson Trust for more than four decades. This year's grants will
 support vital university activities ranging from the Eisenhower Library to the
 Weinberg Oncology Center, the Provost's Undergraduate Research Awards to
 endowment support of the Hodson Trust scholarships. As ever, the generosity of
 the Hodson Trust makes a critical difference in our ability to provide a
 world-class education, and to make that education available to students from
 all backgrounds. We are deeply grateful for the support and enduring
 friendship the Hodson Trust has shown to Johns Hopkins."
     This year, Hood's gift will be devoted to the renovation and construction
 of the Hodson Science and Technology Center. Hood College President Dr. Ronald
 J. Volpe said, "Our new science and technology center recognizes the
 increasing importance of science and technology in the Washington, D.C., and
 Baltimore regions. It will help contribute to the advancement of Hood's
 students and to the economic progress of the region and the state of Maryland.
 From the first gift it gave to Hood in 1936 to the very generous gift today,
 The Hodson Trust continues to play an important role in making Hood College a
 premier educational institution."
     St. John's will use the funds from the Hodson Trust as a challenge to
 other donors to renovate Mellon Hall, the college's largest classroom building
 containing all of the college's laboratory classrooms, music rooms, several
 faculty offices, seminar classrooms, art studios, and auditorium. The
 challenge has been remarkably successful as the college is closing in on the
 targeted goal of $12.9 million needed to complete the work now underway.
 Christopher B. Nelson, president of St. John's, stated, "The Hodson Trust is
 providing valuable leverage for the college to raise additional millions of
 dollars to support the Mellon Hall renovation. This challenge program is both
 extraordinarily generous in itself and extremely encouraging of further
 generosity from the college's other friends and alumni. We are very grateful
 to the Trust and to Finn Caspersen, its chairman."
 
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                http://tbutton.prnewswire.com/prn/11690X62140762
 
 SOURCE  Hodson Trust