December 13, 2010

Hodson Trust awards $1.7 mill for scholarships and research

Photo: Jay Vanrensselaer/

The Hodson Trust has awarded $1.7 million to Johns Hopkins University to support undergraduate scholarships and research in oncology and nephrology. The grant was awarded following the Dec. 1 Hodson Scholars Luncheon, at which two students spoke of their gratitude for the Hodson Trust’s support. Pictured are President Ronald J. Daniels, Hodson Scholar Yagmur Muftuoglu, Hodson-Gilliam Success Scholar Chelsea Gonzales and Hodson Trust Chairman Gerald L. Holm.

Since its first grant in 1958, the Hodson Trust has given Johns Hopkins nearly $73 million, most of which has been designated for undergraduate scholarships.

The Hodson Trust was settled in 1920 by the family of Col. Clarence Hodson, who grew up in Maryland. Hodson believed that credit should be available to the average American, a revolutionary idea in 1914, when he founded the Beneficial Loan Society. Beneficial became part of Household International, now HSBC, in 1998.