The Morehead Foundation is a nonprofit organization based in North Carolina that focuses on providing educational opportunities and scholarships to students. Established in 1945 by John Motley Morehead III, the foundation aims to support academic excellence and leadership development among young people. The foundation is best known for its Morehead-Cain Scholarship, which offers a comprehensive package that includes tuition, room and board, and funding for international experiences. This scholarship is awarded to outstanding students who demonstrate leadership, character, and a commitment to service, primarily at the University of North Carolina at Chapel Hill.