by Amrit Brown
The Hodson Trust gave $54 million to Hood College this month as its final gift to the school.
It is the largest gift in school history and 100% of it will go to student scholarships. The gift will increase Hood’s endowment by 42%. In fiscal year 2022, the school’s endowment sat at $122.5 million.
“We are deeply grateful to the Hodson Trust for this historic gift,” said Hood College President Andrea Chapdelaine.
Hodson scholarships are for students who demonstrated leadership both academically and in their communities in high school while also displaying excellent academic abilities. Chapdelaine said that the money will increase financial stability at the institution as well as allow the school to increase investment in its core missions.
The Hodson Trust was established by Clarence Hodson in 1936 and was terminated in November 2022. In total, the trust has gifted $150 million to Hood College’s endowment. The trust also gave money to Johns Hopkins University, Washington College and St. John’s College.
As of 2022, 252 students, or 21% of the student body, at Hood were Hodson scholars. Additionally, since its establishment in the 1978-79 academic year, 2,237 students have received a Hodson scholarship.
Hood College celebrated the gift at the Beneficial-Hodson library last week. Finn Scott-Daniels, a sophomore, said that they gave out cupcakes, shirts and stickers. “They also asked us to sign a paper to thank the Hodson trust for the money,” Scott-Daniels said.
“This final gift is a testament to the incalculable legacy of the Hodson Trust at Hood College and one that will last in perpetuity,” Chapdelaine said.
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