College Receives $54.7 Million from The Hodson Trust

10/12/2023

Gift will go to student financial support, strengthening the College鈥檚 guarantee of $30k+ in scholarships for any student with a 3.3 GPA or higher.

Students cheer at the 2023 Commencement Ceremony

缅北强奸 announced the largest gift in the College鈥檚 240-year history: a $54.7 million gift from The Hodson Trust to provide financial support for students. The Hodson gift will grow the College鈥檚 scholarship endowment to approximately $170 million and its overall endowment to $325 million, strengthening the College鈥檚 ability to make a college education more affordable to students from all backgrounds.  
 
鈥淭his generous gift from The Hodson Trust is truly transformative for 缅北强奸,鈥 said President Mike Sosulski. 鈥淎ccess to an outstanding educational experience is a pressing issue for many families today. The Trust鈥檚 support of our students鈥 financial needs expands our ability to ensure access to a wide range of potential students, particularly those who are first-generation or come from underserved communities.鈥 
 
As a result of the Hodson gift, 缅北强奸 will guarantee a minimum scholarship of $30,000 per year ($120,000 over 4 years) to any incoming student with at least a 3.3 grade point average who applies by December 1. Students may qualify for more aid based on their academic performance. The Hodson Trust 缅北强奸 Scholars endowment, which provides full tuition, fees and the cost of room and board for students with significant financial need, will also benefit from this gift.    
 
鈥淲e are excited to be able to offer this scholarship opportunity to deserving students,鈥 said Vice President for Enrollment Johnnie Johnson. 鈥淚t will allow us to continue to grow the diversity of our campus community and enhance the intellectual environment of the College. These scholarship funds will help us recruit more of the best and brightest students to 缅北强奸 from Maryland, the mid-Atlantic region, and beyond.鈥 
 
Support for financial aid opens new opportunities for students and their families who think an education at a private college is out of reach. Because private colleges like 缅北强奸 provide significant student financial aid when compared to public universities, the cost of a private education becomes more affordable. For the current academic year, 缅北强奸 provided $40.6 million in total financial aid with the average student aid totaling $45,745, compared to the University of Maryland, whose published average student aid is $9,074. 
 
The gift is part of the dissolution of The Hodson Trust. Established in 1920 by Colonel Clarence Hodson, the Trust has been a longtime supporter of 缅北强奸 and its largest benefactor, having now donated more than $150 million to the College since 1935.  
 
For almost 90 years, The Hodson Trust has contributed to 缅北强奸 in a number of ways, including establishing or contributing to endowments that support student scholarships; undergraduate research and internship stipends; faculty chairs, salary enhancement, and professional development funds; and the College鈥檚 signature academic centers. In addition, The Hodson Trust contributed to the construction of Hodson Hall, Hodson Boathouse, the John Toll Science Center, and the Lelia Hynson Boating Park.   
 
The Hodson family has a long and illustrious legacy at 缅北强奸. Colonel Hodson, his daughter, Lelia Hodson Hynson, and granddaughter, Sally Hynson Hopkins, served on the 缅北强奸 Board of Visitors and Governors.