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: 6 Baltimore County First Responders Out Of Hospital After Monday's Explosion
The schools said they will use the funds for undergraduate scholarships, internships, research programs and other purposes.READ MORE: Late Faculty Member Leaves Over $1M To Stevenson University
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: Up To $8K Reward Offered For Information On Death Of Baltimore Teen On Prom Night
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