John Motley Morehead III (1870-1965) graduated from the University of North Carolina in 1891. During his lifetime, he was most widely known as a successful businessman and chemist due to his role in the founding of the Union Carbide Corporation.
Morehead was also politically active as mayor of Rye, New York and U.S. ambassador to Sweden.
In addition to his commercial and political successes, he became a well-known philanthropist and gave generously to his alma mater. His gifts to UNC-Chapel Hill include the Morehead-Patterson Bell Tower, the Morehead Planetarium and the Morehead Scholarships Program. The Morehead Scholarships are regarded as the University’s most prestigious undergraduate scholarships. (Source: The Morehead Foundation)