FREDERICK, Md. (AP) — Four Maryland private colleges are announcing gifts totaling $10.5 million from the Delaware-based Hodson Trust.
St. John’s College said on Wednesday it received $2.75 million from the trust. Washington College announced a $2.75 million gift earlier in the week. Johns Hopkins University and Hood College say they each received $2.5 million.READ MORE: Health Officials Urge Vaccination & Boosters As COVID-19 Rate Rises, Omicron Arrives In Maryland
The schools said they will use the funds for undergraduate scholarships, internships, research programs and other purposes.READ MORE: Maryland Has Three Confirmed Cases Of The Omicron Variant Of COVID-19, Hogan Says
The Hodson Trust is based in Wilmington, Delaware. It was established in 1920 by the family of Clarence Hodson, a Crisfield banker who founded the Beneficial Loan Society to make affordable, small loans to working-class Americans.
Since its inception, the trust has awarded more than $250 million to the four institutions.MORE NEWS: Jury Watches Interrogation Video In Murder Trial For Keith Smith, Who Blamed Panhandler For Wife's Death
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