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4 Md. Colleges Share $10M From Hodson Trust

BALTIMORE (AP) — Four Maryland private colleges are announcing gifts totaling $10 million from the Delaware-based Hodson Trust.

Johns Hopkins University said Tuesday it received $2.5 million from the trust. The funds will be used for undergraduate scholarships, cancer research and to support for students who are veterans of the wars in Iraq and Afghanistan.

Hood College, St. John’s College and Washington College say they also recently received gifts of about $2.5 million from the trust.

The trust is based in Wilmington, Del. It was established in 1920 by the family of Clarence Hodson. Hodson was a Crisfield banker who founded the Beneficial Loan Society to make affordable, small loans to working-class Americans.

(Copyright 2013 by The Associated Press. All Rights Reserved.)

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