He started more than 50 companies during his lifetime, and while many failed, a number were highly successful. In spite of his success, he regretted that he did not have a formal educational opportunity that would have taught him entrepreneurial skills.
Decades before the current proliferation of entrepreneurship programs, Mr. Morgan wrote and spoke about the need for formal entrepreneurship education. He made the strategic decision to focus the resources of The Burton D. Morgan Foundation on the development of entrepreneurship programs for all ages.
The Burton D. Morgan Foundation funded entrepreneurship centers at Ashland University, Denison University, Purdue University, the College of Wooster, and the Entrepreneurship Center at Hiram College, giving young entrepreneurs a chance to learn important skills that would enable them one day to start their own businesses.