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.

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The schools said they will use the funds for undergraduate scholarships, internships, research programs and other purposes.

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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.

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