TOGETHER. A S TO R Y B O O K
TOGETHER. A S TO R Y B O O K
Morehead-Cain is home to the first merit scholarship program founded in the United States. And for seven decades, we have aspired to provide an undergraduate experience without equal. Simply put, our mission is to sustain and enhance the excellence of UNC-Chapel Hill. We invest in young leaders, innovators, and dreamers determined to change the world. People like you. You now have the opportunity to make Morehead-Cain stronger. Your support will grow the number of bright and adventurous scholars we can invite to Carolina. It will create more life-changing experiences for more scholars. It will expand the impact they have on campus and beyond. Carolina needed you when you received the scholarship. And it needs you now. You can honor the legacies of John Motley Morehead III and Gordon Cain by building your own. By finding inspiration in their commitment to do more for others than for themselves. By creating something extraordinary. YOU CAN DO ALL OF THIS. SO LET’S GO. TOGETHER. 
BECCA CRABB ’12
“It feels like home, being in Chapel Hill. The people. The energy. It’s hard to describe the feeling at Carolina, but I felt it as soon as I stepped on campus the first time for Finals Weekend. The passion, the curiosity—it’s not a still place.”
BOBBY EVANS ’91
“There was always something to do at Carolina. There was so much going on. There were a lot of choices in terms of activities, athletics, the busyness of studies and new friends. “I feel like I invested in the people at Chapel Hill, and I reaped the rewards of those relationships with people who encouraged me to grow, to become a strong friend, and—hopefully—a leader in whatever I ended up doing.”
ALEX LIM ’10
“When I first heard about the Morehead-Cain, I didn’t know anything about it. But when I visited Chapel Hill, I immediately felt like I had a family there in the Morehead-Cain. The other thing about Chapel Hill is just the place, the University, and the experience—it’s a rewarding and beautiful place to be.”
ANGELA LIU ’04 | A LIFE OF GRATITUDE So many memories come rushing back when I think of Carolina. Chapel Hill is where I met my best friends, fell in love, took risks, and discovered how to stand on my own two feet.
Undoubtedly, being a part of this community means a lot to me. Our scholars don’t just lead every major industry, but they actually care about the world. It always brings me comfort when I meet another Morehead-Cain. We share different experiences, but I know we can become friends.
It’s where I learned how to confront challenges and not be afraid of them. It’s where I made a lot of mistakes— and learned from them. And what I know for sure is that my life is unexpectedly different because of the Morehead-Cain Scholarship.
For me, all of this makes me more grateful for the scholar experience. And it makes me thankful for the life I’m living now because of those experiences. That’s why I’ve made a gift to the Morehead-Cain Scholarship Fund every year since graduation. I also know that a gift to Morehead-Cain is a great investment in the University. And it is of utmost importance that UNC remains a world-class university and that we keep excellence at the forefront.
My experiences as a scholar impact me to this day. They have made me more compassionate and adventurous. They have opened my mind to other viewpoints, and prepared me to take on life. Even now, if I’m having a bad day, I think back to the times I struggled during my Outward Bound trip almost twenty years ago.
Fundamentally, receiving the scholarship changed my life—it made me a better person. And in the end, I just want more scholars to have the opportunity I did.
These challenges have helped to shape how I want to live my life, the people with whom I surround myself, and the choices that I make on a daily basis. Because of the scholarship, I don’t just crave the adventure or the out-of-the-ordinary challenges; I need them.
“. . . WHAT I KNOW FOR SURE IS THAT MY LIFE IS UNEXPECTEDLY DIFFERENT BECAUSE OF THE SCHOLARSHIP.”
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“I’ve often described the Morehead-Cain Scholarship as Carolina’s secret sauce.” Dr. James C. Moeser | Chancellor Emeritus
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Morehead-Cain Scholar impact on the University
… and around the world.
Scholarship
Business
31 of UNC’s last 34 RHODES SCHOLARS
Company Founders, Co-Founders, and CEOs
All 5 of UNC’s
GALAHAD CLARK ’99 VIVOBAREFOOT shoes
MacArthur Fellowship (“Genius Grant”) Recipients
DAVID GARDNER ’88 The Motley Fool
TAYLOR BRANCH ’68 RICHARD LENSKI ’82
MITCHELL SCHOLARS
2 of UNC’s 3 winners GATES CAMBRIDGE SCHOLARS
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SALLIE KRAWCHECK ’87 Ellevate and Ellevest women’s networks JONATHAN RECKFORD ’84 Habitat for Humanity International
Pulitzer Prize Recipients
LUCE SCHOLARS
DANAE RINGELMANN ’00 Indiegogo
KEITH BRADSHER ’86 TAYLOR BRANCH ’68
19 of UNC’s 33
TIM SULLIVAN ’85 Ancestry.com
FULBRIGHT SCHOLARS AND FULBRIGHT ENGLISH TEACHING ASSISTANTSHIPS
24 of UNC’s 38
TRUMAN SCHOLARS
Over 1,000 PHI BETA KAPPA MEMBERS
Over 1,000
DACIA TOLL ’94 Achievement First DENNIS WHITTLE ’83 GlobalGiving
HONORS CAROLINA PARTICIPANTS
More than 300
Technology
Athletics BOBBY EVANS ’91 General Manager of the San Francisco Giants KATE HARRIS ’05 One of Canada’s Top 10 Adventurers
NORTH CAROLINA FELLOWS
ROBBIE BACH ’84 Former President, Entertainment & Devices Division at Microsoft
JENNIFER STEINBRENNER SWINDAL ’81 General Partner and Vice Chair of the New York Yankees
Leadership
ANN LIVERMORE ’80 Director and Former EVP of Hewlett-Packard
JOHN SWOFFORD ’71 Commissioner of the Atlantic Coast Conference (ACC)
JAMIE ROSENBERG ’92 VP Digital Content at Google
MALCOLM TURNER ’93 President of the NBA Development League
27 STUDENT BODY PRESIDENTS
21 HONOR COURT CHAIRS
322 MEMBERS OF THE ORDER OF THE GOLDEN FLEECE
33 CAMPUS Y CO-PRESIDENTS
More than 100 CAMPUS ORGANIZATIONS FOUNDED, INCLUDING: Students for Students International (S4Si) HOPE Gardens Nourish International UNC Dance Marathon UNC Clef Hangers and UNC Loreleis Student Environmental Action Coalition The Cellar Door literary magazine Carolina Microfinance Initiative
Government JIM COOPER ’75 U.S. Congressman, Tennessee’s Fifth Congressional District ROY COOPER ’79 Governor of North Carolina DAVID PRICE ’61 U.S. Congressman, North Carolina’s Fourth Congressional District JENNIFER WATSON ROBERTS ’82 Mayor of Charlotte
Medicine & Research FRANCIS COLLINS ’77 Director of the National Institutes of Health MIKE KASTAN ’77 Director of the Duke Cancer Institute STEVEN PIANTADOSI ’73 Director of the Samuel Oschin Comprehensive Cancer Institute at Cedars-Sinai NED SHARPLESS ’88 Director of Lineberger Comprehensive Cancer Center
THOMPSON PAINE ’05
“The Morehead-Cain Scholarship changed my life. It’s as simple as that. With the experiences I’ve had since I was 18 years old, I feel like I could die happy right now. Add on top of that all the people I’ve met through those experiences and the relationships I’ve had, and I feel like the joy I’ve had is absolutely priceless.”
GLENNA PATTON ’86
“The Morehead-Cain community is amazing. Beyond the uniqueness of the people that makes it special, we are connected by common threads of curiosity and passion for learning and constant personal growth.”
KEN SMITH ’84
“Being part of the Morehead-Cain community has been a wonderful, humbling privilege. It’s such an interesting, diverse, and talented group that’s brought together. “I have a huge debt. My sense of the world was greatly expanded by the Program and my fellow scholars—with valued relationships that continue to this day. Life has ups and down of course, but I think a number of those things that have gone well for me connect in key ways to the growth and opportunities that the Morehead-Cain made possible.”
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JOSEPH TERRELL ’13 | A COMMUNITY FOUND I write this sitting in the back seat of a tour van somewhere on I-80 in Iowa—“tour” as in “going on tour,” as in bright stage lights and cross-country slogs and cold continental breakfasts and dirty bars with sticky floors, the whole shebang.
I remember approaching Megan Mazzocchi in 2009 and asking, somewhat sheepishly, whether they might consider it worthwhile for me to study music in Argentina. She said, “Of course.” I remember a chance encounter on campus with Creighton Irons (’05), how we talked about his new musical, about his life as a songwriter and playwright in New York. He offered some general career pointers—he even listened to some of my lyrics—but more important was the friendship that we developed. I realized through his example that I didn’t have to worry about choosing the musician’s path. I realized I could do it.
I graduated in 2013, and my band was raring to go. The next year saw 207 concerts and 240 days on the road. New friends would ask where we lived, and we would just laugh. One time on tour I learned to tie on traction chains—while kneeling in ten fresh inches of Colorado snowdrift at 10,000 feet. One time on tour we stayed out all night in Tokyo, determined to see the world’s largest fish market at dawn and watch the city’s sushi chefs bid for the day’s catch, 400-pound tunas all laid out in rows, still wriggling.
Now I want to meet younger scholars to pass along the gift that Megan and Creighton gave to me: to look at them and say, “Of course.”
One time on tour we forgot a fiddle in Baton Rouge and didn’t find out till Kansas. Cue Kurt Vonnegut: “Peculiar travel suggestions are dancing lessons from God.”
As for “touring,” If you’re still imagining throngs of fans and bowls full of only the yellow M&Ms, I should mention that our “tour van” is a Honda Odyssey and that we just enjoyed a pit stop at the World’s Largest Truck Stop.
If you had asked my 18-year-old self what I’d be doing at age 26, I’d have been off by a country mile. Then came Chapel Hill and my Morehead-Cain community.
By the way, the world’s largest fish market was closed. Empty as a pocket (Buddhist holiday. Who knew?). But, hey, we still got to watch the Tokyo sunrise.
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“The Morehead-Cain Program is so valuable to our university. Maybe more valuable now than it’s ever been.” Dr. Carol L. Folt | Chancellor
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ANNUAL VALUE OF SCHOLARSHIP
EXPENSES
Operating costs for FY15 total $8,564,950 PROGRAM
76%
ADMINISTRATION AND BUILDING
12% DEVELOPMENT, COMMUNICATIONS AND ALUMNI
12% In-state tuition (the Foundation’s single largest expense) has increased at an average rate of 10.7% a year for the past 20 years.
SOURCES OF INCOME
of all 2015 expenses were covered by gifts from alumni and friends.
NUMBER OF SCHOLARS TOTAL SCHOLARS ON CAMPUS
MOREHEAD-CAIN FOUNDATION ENDOWMENT
# of Scholars
81%
9% MOREHEAD-CAIN SCHOLARSHIP FUND ENDOWMENT
SCHOLARS PER CLASS
20 14 20 19
04 20
19
19
10%
89
0 57
Sources of 2015 income
150
75
ANNUAL GIVING
210
300
19
19%
Class Year
Our goal is to grow the total number of scholars on campus to 240—and to maintain that number.
INVESTMENT RETURN
The Foundation’s average annualized investment return has been 8.2% over the 25-year period ending June 30, 2015.
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ANN MARTINELLI LIVERMORE ’80
“Being part of the Morehead-Cain Scholarship Program, and the overall activities associated with it, was one of the most important, impactful things that has ever happened in my life. And when I look at the things I’ve been able to achieve and have happen—both on a personal level as well as a professional level—I know that the Program has helped me achieve those things.”
ANTONIO MCBROOM ’08
“I think Mr. Morehead himself said it best—that the most important investment society can make is to support ‘those who have been endowed by their Creator with the capacity for leadership.’ And so for me, I look for opportunities to help future leaders. And that is what the Morehead-Cain is really about.”
BARBARA ROSSER HYDE ’83
“Carolina has been an important part of my life in every phase—as a Carolina student, as an employee of the University, and most recently as a Trustee. “As I get deeper into understanding what makes this university so special, my appreciation of the role of the Morehead-Cain is only enhanced. The University of North Carolina at Chapel Hill plays such an important role in higher education as a top public university. Everything we’re proud of, all the ways we brag about Carolina . . . well, most of those just wouldn’t be true without the Morehead-Cain. The impact of every single scholar—not to mention the incremental impact of every added scholar—is deeply significant on the existing student body and on the future leadership of the University.”
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MATT SOULE ’91 | A PROMISE MADE I thought the Morehead-Cain Scholarship was going to change my world. But I had no idea how much.
I moved back to North Carolina in the early 2000s. It gave me an opportunity to reconnect with the Foundation, and I started serving on one of the regional selection committees. I met amazing high school seniors, learned about the incredible things they had done, and was inspired by how much they were going to do.
I grew up in Caldwell County, North Carolina, in a small town with limited economic opportunities. Attending Carolina with the scholarship opened my eyes to what was out there in the world. To this day, I look back at my summer experiences and am wowed.
It reminded me just how much fun the Program was. Around the same time, a fellow Morehead-Cain told me he wanted to be able to give back the value of his scholarship one day. The entire thing. It seemed like a great goal, and it was the start of my thinking about how I could make a bigger pledge over a period of time.
I had no idea what I wanted to do when I arrived at Chapel Hill. So I majored in history and geography because I enjoyed the classes. Not the most marketable of majors, considering I later decided I wanted a career in finance. It was a change of direction, certainly. I had spent my third summer sitting at a trading desk in New York City, and by the end of my internship I knew that was where I needed to be. The challenge I faced was that I hadn’t taken a single accounting class throughout college.
After all, it made sense. I wanted others to experience exactly what I experienced. In Chapel Hill, I met folks from all walks of life from all over the world. I learned that I didn’t even know what I didn’t know. But I also gained confidence, a sense that a teenager from a town smaller than Carolina itself could succeed on a bigger stage. I found a sense of community.
An investment bank ultimately did take a chance on me. Without exaggeration, I know I landed that job because I had the Morehead-Cain Scholarship attached to my name.
And now, I feel an obligation to pay it forward however I can. 11
“Carolina needs us more than ever. Morehead-Cain needs us more than ever. It’s our time to create and build a legacy of our own.” Keith Cowan ’78 | Chair, Morehead-Cain Scholarship Fund Board
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Morehead-Cain Alumni Engagement 2016 The diverse community of Morehead-Cain Alumni is characterized not only by a lifelong love of learning, but also by a strong desire to remain invested in the vision and outcome of the Program.
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MOREHEAD-CAIN SCHOLARSHIP FUND BOARD
TOGETHER CAMPAIGN LEADERSHIP COMMITTEE
106
44
SELECTION COMMITTEE MEMBERS
INTERNSHIP SPONSORS
98*
288
BOARD OF VISITORS
ALUMNI READERS
14*
78
UNC BOARD OF TRUSTEES
ALUMNI-IN-RESIDENCE/ ALUMNI SPEAKERS (INCLUDING THE ALUMNI FORUM)
4* UNC BOARD OF GOVERNORS
1,100 ADVISORY TEAM MEMBERS
99* GAA BOARD MEMBERS
1,291 526**
DONORS TO MOREHEAD-CAIN (42%)
1,532
MOREHEAD-CAIN PARTNERS
DONORS TO CAROLINA (50%)
172 510
ALUMNI ADVANTAGE PARTICIPANTS (SUMMER VISITS WITH SCHOLARS)
ATTENDED AN ALUMNI EVENT OR VISITED THE FOUNDATION
*Historically
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**As of June 30, 2016
JOHN MOTLEY MOREHEAD III
“I have selected the education of our most promising youth as an objective of this trust in the belief that the most important investment that can be made for a people is that which is made in the education and training, as leaders, of those who have been endowed by their Creator with the capacity for leadership.”
GORDON A. CAIN
“The money we are giving away was made by using leverage, so it follows that leverage should be a factor in giving it away. Rather than donating money to alleviate problems, it is better to try to prevent the problems. Consequently, a substantial part of our funds is going to education at all levels, from trying to improve the secondary schools to creating college scholarships.”
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TOGETHER. PLEASE MAKE YOUR ANNUAL GIFT AND/OR MULTI-YEAR PLEDGE BY USING THE ENCLOSED MATERIALS OR BY VISITING MOREHEADCAIN.ORG/TOGETHER
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#MOREHEADCAIN