Hodson Trust Leaves Big Gifts to Small Colleges

Two small Maryland colleges have received transformational gifts from the Hodson Trust, to be used exclusively for undergraduate scholarships. Hood College will receive a $54 million gift from the Trust, the college announced Monday. It is the largest single gift ever received by the 130-year-old liberal arts institution in Frederick and will increase its endowment by 42 percent. Washington College, in Chesterton, also received the largest gift in its 240-year history from the Hodson Trust: $54.7 million for student aid. That will allow it to continue to guarantee a scholarship of at least $30,000 per year to any incoming student with a minimum 3.3 GPA who applies by Dec. 1.