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Burt’s early years are spent with his parents in a variety of locales as his father pursues his vocation as a psychology professor. From Philadelphia to Honolulu, Iowa City to Seattle, John Morgan studies, teaches, and writes, eventually publishing his first book and landing a job at Northwestern University in Evanston, Illinois. He becomes very successful and eventually goes on to publish twelve books in his field. At the same time, the world in the 1920s and 1930s is undergoing tremendous changes. In 1920, Congress ratifies the 20th Amendment to the Constitution, guaranteeing every woman the right to vote. In October 1929, the stock market crashes, causing stock prices to plummet and banks to call in loans. Yet every year, new gadgets are being invented that change forever the way people live. 1919…the pop-up toaster…1920…the hairdryer…1922…the electric kettle. And on and on through the 1930s…the jet engine, electric razor, electric can opener and the Zippo lighter.
1916 is a momentous year…World War I is raging in Europe, the electric power drill and the light switch are invented and our founder, Burton Davis Morgan, is born on July 27, 1916 at Methodist Hospital in Brooklyn, New York. He is the son of Rose Ann Davis Morgan and John Jacob Brooke Morgan. His father, originally planning to be a minister, changes course and goes on to receive a Ph.D. in Psychology from Columbia University.
The polygraph – otherwise known as a lie detector machine – is invented by John Augustus Larson, a medical student at the University of California at Berkeley and a police officer of the Berkeley Police Department.
Clarence Birdseye, an American inventor, entrepreneur, and naturalist invents the process to preserve food by freezing it.
Burt joins the Boy Scouts at age 12 and becomes an Eagle Scout at age 16, in 1932. Later, he credits his scouting experience with helping him to win a job at Johnson & Johnson.
Richard Drew, a chemical engineer at 3M Company, invents Scotch Tape.
While at Evanston Township High School outside Chicago, Burt puts one of his inventions, an aquaplane, to work and starts his first entrepreneurial venture – giving aquaplane rides off the back of a Chris-Craft speedboat for 10 cents a ride. His second entrepreneurial idea is deep-sea diving, which according to Burt “was not a profitable venture” but inspires his entrepreneurial ambition. Burt graduates from high school in 1934 and enrolls at Northwestern University.
In partnership with the American Can Company, the Gottfried Krueger Brewing Company invents canned beer and delivers 2,000 cans of Krueger's Finest Beer and Krueger's Cream Ale to beer drinkers in Richmond, Virginia.
In 1936, Burt transfers to Purdue University from Northwestern, becomes vice president of the Glider Club, and majors in engineering.
In 1938, the ballpoint pen is invented. That year, Burt graduates from Purdue with a B.S. in Mechanical Engineering, and lands his first job at B.F. Goodrich Company in Akron, Ohio where he meets his future wife, Margaret (Peg) Clark. After living for a year in the Akron YMCA to save money, Burt moves with a group of friends, including Paul Vaughan, with whom he later founds Filmco, to a rented house on Turkeyfoot Lake.
In Mexico, Guillermo González Camarena invents an early color television transmission system.
Burt and Peg start their married life, a union that lasts 52 years.
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"You must build up something so that when the time comes you are able to do something on your own."
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Along with a business associate from Detroit, Burt tries his hand at his first true entrepreneurial venture – the self-adhesive bra. It fails miserably due to the fact that the adhesive won’t stick when wet, but it proves to be a tremendous learning experience for him. Burt’s boss at Johnson & Johnson is not happy with his moonlighting career and fires him. According to Burt, “although a big blow at the time, that move was the start of my entrepreneurial career.”
While living in Troy, New York and working for Behr-Manning to help them develop pressure-sensitive tape, Burt invents a metal disc originally meant to keep small children from accidentally opening the back door of a car. Later repurposed as a tool to cook hamburgers in the oven, Burt entices his wife, Peg, to sell the “Hamburg Sizzler” as a trade-off to take a trip to New York City. Much to his surprise, she comes back with a purchase order for 10,000 Hamburg Sizzlers!
The 50s and 60s are a time of great change and momentum in the United States and for Burt, Peg, and their growing family, the same holds true. Burt "starts at the top", founding his first company, Fasson. He and Peg move to Hudson, Ohio where they raise their family and develop deep ties to the community. Suburbs like Hudson are springing up across the country, a sign of increased economic growth. Yet fear of communism grips the country and public congressional hearings are held in both houses of Congress. Dwight Eisenhower is president and Elvis Presley becomes a star in movies such as "Jailhouse Rock". The civil rights movement begins in earnest, with the integration of Central High School in Little Rock, the march on Washington, D.C., and Martin Luther King Jr.’s I Have a Dream speech. The Frisbee and Hula Hoop are introduced and other inventions include the solar battery, the hand-held calculator, and the laser.
“If you have what we call the entrepreneurial mindset…that is the most likely characteristic to lead to success.”
In partnership with Stan Avery of Avery Labels, Burt founds Fasson, a pressure-adhesive business based in Painesville, Ohio. The company struggles in the beginning but hits it big when Contact Paper comes on the market, allowing consumers to change the color of big-ticket items, such as refrigerators and cabinets, at a whim. Customers are demanding color, in a variety of hues, to show they are modern and forward-thinking...and that the product they purchased is brand new. As a result, Fasson receives a large order from Kimberly-Clark Corporation, the makers of Kleenex®, and the company is on its way.
Originally called "mistake out," Liquid Paper is the invention of Bette Nesmith Graham, a Dallas secretary and single mother. Graham uses her own kitchen blender to mix up her first batch of liquid paper or white out, a substance used to cover up mistakes made on paper.
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After dissolving his partnership with Stan Avery and leaving Fasson, Burt plans for his next entrepreneurial endeavor – Morgan Adhesives, another pressure-sensitive adhesive company. With a non-compete clause that requires his next business to be located at least 50 miles from Painesville, Burt starts up Morgan Adhesives in Stow, Ohio – exactly 50.2 miles away. As Burt later comments, “The three key features of the entrepreneurial way of life are freedom, fun, and an expanded lifestyle. Granted, new ventures are not for the faint-hearted. But failure never stopped anyone who was truly determined to succeed. I have found that entrepreneurs’ failures are often more interesting than their successes, and these failures helped to develop the character and intelligence that eventually led them to success.” An added bonus is that Stow is next to Hudson, the ancestral home of his wife, Peg, a great-great-granddaughter of Owen Brown, father of John Brown, the abolitionist. Burt, Peg, and their family settle down in Hudson and buy a new home.
The standard audio cassette, invented in 1962 by the Philips Company, is also named the "Compact Cassette."
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The original AstroTurf brand product is co-invented in 1965 by Donald L. Elbert, James M. Faria, and Robert T. Wright. Patented in 1965, it originally sells under the name "ChemGrass."
In 1966, Morgan Adhesives expands its building and Ohio Governor James A. Rhodes is invited to cut the ribbon and speak to the employees. This leads to a long-standing friendship between the two men; later, Burt is invited to join the Ohio Commodores, a group of business owners Governor Rhodes asks to travel the world to entice businesses to locate in Ohio.
Four years later – in 1967 – Filmco is sold to R.J. Reynolds Tobacco Company for $22 million in stock. Every dollar invested yields $100 back. For Morgan, his initial investment of $50,000 has turned into $5 million. According to Burt, “Filmco to me was a true entrepreneurial venture. It is the thing that makes this country great over all others. People who will take a chance like this deserve to make out the way we did.” As a result of the lucrative Filmco sale, he decides it is time to assess his worth. The answer, according to his accountant, is $6.8 million. And so, later that year, Morgan takes a small sum of that money – 500 shares in stock from R.J. Reynolds Tobacco Company, worth about $20,000 – and starts a foundation to promote understanding and communication among various peoples of the world. Burton D. Morgan Foundation is officially founded on November 16, 1967.
The late 60s and early-to-mid-70s are a time of change in this country. Burton D. Morgan Foundation operates out of the law offices of Arter & Hadden in Cleveland and small grants are awarded to organizations close to the interests of Burt and his family, including Stephens College in Missouri where daughter Mary is in school. Social values are liberalizing, and students across the nation continue to protest the Vietnam War. Richard Nixon resigns as President in 1974 while facing impeachment charges for the Watergate scandal; Augusto Pinochet rises to power as ruler of Chile after overthrowing the country's Socialist president Salvador Allende in 1973 with the assistance of the CIA. In 1969, the ATM and artificial heart are both invented, leading to further advances in technology and medicine.
“It is better to be shot out of water than to rot at the dock.”
Initially, Burt plans for the Foundation to be small. It is his intention to put about $80,000 annually into the Foundation for five years – or a total of $400,000. The earnings are to be used for prizes or awards for significant improvement of world understanding.
The Foundation donates $5,500 to Hudson as seed money for the Hudson community bandstand. (Another $2,000 is donated in 1975 to help finish the project.) The bandstand is completed in 1977 and the Hudson Summer Music Festival begins Sunday night concerts the same year. Early grants are awarded to Blossom Music Center, Purdue University, Burt’s alma mater, and the First Congregational Church of Hudson, the Morgan Family church. This same year, Morgan starts advocating for the development of a Global Trade Center to be located in Mansfield, Ohio which will include a large international airport and a Free Trade Enterprise Zone.
The Post-it® note is conceived by 3M employee Arthur Fry as a way of holding bookmarks in his hymnal at church. He was aware of an adhesive accidentally developed in 1968 by fellow employee Spencer Silver but no application for the lightly sticky stuff was apparent until Fry's idea.
John V. Frank, a vice-president and trust officer at First National Bank of Akron, now Huntington Bank, is hired as the first president of Burton D. Morgan Foundation. For the next ten years or so, he operates the small foundation from his home office. The assets of the Foundation, thanks to regular contributions of R.J. Reynolds Tobacco Company stock from Burt, stand at approximately $414,000.
Weldon W. Case, a successful Hudson businessman who was instrumental in helping his good friend, Burton D. Morgan, start the Foundation in 1967, becomes a Trustee.
The early years of John Frank’s presidency focus on formalizing the Foundation’s procedures, including establishing regular meetings of the Trustees, taking minutes, and overseeing the Foundation’s investments. And these years are a time of tremendous growth for the Foundation. In 1981, the assets of the Foundation are $934,200. Seven years later they total $5,195,700. By December 31, 1992, the assets of the Foundation stand at $23,455,400; from 1990 to 1992 alone Burt gives $2,500,000 in gifts to the Foundation. Later, in 1997, Burt Morgan gifts another $3,332,800 to the Foundation. He also starts writing a series of books – about entrepreneurship, the importance of international trade and most of all, his life. The country continues to advance. Madonna and Michael Jackson rule the airwaves. It is also a time of socioeconomic growth with growth in technology and the beginning of globalization. Multinational corporations start moving manufacturing plants overseas and emerging markets such as Thailand, Mexico, South Korea, and China start booming.
“An entrepreneur who fails is not stopped. He or she can always try again. And successful entrepreneurs always do.”
Richard A. Chenoweth, an attorney at Buckingham, Doolittle & Burroughs, becomes a Trustee.
The first IBM PC, formally known as the IBM Model 5150, is introduced; it revolutionizes business computing by becoming the first PC to gain widespread adoption by industry.
The currently familiar disposable camera is developed by Fujifilm in 1986. Their Utsurun-Desu ("It takes pictures") or QuickSnap line uses 35 mm film, while Eastman Kodak's 1987 Fling is based on 110 film.
The Foundation's assets are up to $3 million, most of which is in RJR Nabisco stock. After RJR Nabisco is taken over by a private equity firm, stock prices soar and the Foundation’s endowment rises to $5.1 million. Also that year, the Foundation establishes the Margaret Clark Morgan Endowed Scholarship at the Kent State University School of Fashion Design and Merchandising.
Ashland University awards Burt an honorary degree of Doctor of Laws. Purdue University grants Burt an honorary degree of Doctor of Management in 1992, and The College of Wooster awards him an honorary Doctor of Science in January 2003. Burt contacts Foundation President John V. Frank and informs him that he is donating 95,000 additional shares of RJR Nabisco stock that will take the Foundation up to approximately $15 million in value. In fact, the Foundation’s assets have grown large enough to require relocation to offices in downtown Akron.
Sir Tim Berners-Lee invents what is commonly known as the World Wide Web. A British computer scientist, he was born in Lo