Parchman Vaughan Continues Relationship With Morehead Cain Foundation

BALTIMORE, MD, June 18th, 2013 - Parchman, Vaughan & Company, L.L.C.,, a leading middle market investment banking firm focused on the education and training industries, is pleased to announce that Miss Meghan Herwig, a Morehead-Cain Scholar at the University of North Carolina, Chapel Hill, will be spending the summer interning at Parchman, Vaughan. Meghan is a Bachelor of Arts candidate (2015) with concentrations in both History and Peace, War and Defense. Meghan spent last summer teaching for the Breakthrough Collaborative, a national organization that, according to its website,, seeks to "increase academic opportunity for highly motivated, underserved students and put them on the trajectory of a successful college path; and...inspire and develop the next generation of teachers and education leaders."

Lara Vaughan, Partner, stated "We have had three other Morehead-Cain Scholars intern with Parchman, Vaughan and they, like Meghan, are simply outstanding young leaders.  They bring us great energy and fresh thinking about the education industry.  We are grateful to the Morehead-Cain Foundation for the opportunity to learn from these Scholars."

The Morehead-Cain was founded in 1945 as the country's first merit-based scholarship at the country's first public university. The Morehead-Cain features four years of undergraduate study at UNC, completely funded, four distinctive summer enrichment experiences, and a Discovery Fund that encourages deeper exploration of a particular interest. From attending development conferences in Geneva to shadowing emergency room doctors in Boston, Morehead-Cain Scholars are given the resources to pursue educational opportunities wherever they find them.

Morehead-Cain Scholars are selected for their leadership, academic achievement, moral force of character, and physical vigor. They form a select community with a prominent role in Carolina's vibrant student body, from student government to community service to the performing arts.

The nearly 3,000 Morehead-Cain alumni across the world include:

  • Pulitzer Prize-winning author Taylor Branch

  • U.S. Congressmen Jim Cooper, Mike McIntyre, and David Price

  • Jonathan Reckford, Chief Executive Officer of Habitat for Humanity International

  • Sallie Krawcheck, Business leader and owner of 85 Broads; Past Head of Merrill Lynch and Smith Barney

  • Karen Stevenson, a Los Angeles attorney and the first black American woman to win a Rhodes Scholarship

  • Tim Sullivan, Chief Executive Officer of

  • Adam Falk, President of Williams College

  • Peter Blair Henry, Dean of New York University's Stern School of Business

  • Francis Collins, Director of the National Institutes of Health

  • Thirty of Carolina's 33 Rhodes Scholars; 12 in the past ten years

  • Twenty-three of Carolina's 32 Luce Scholars

  • Nineteen of Carolina's 32 Truman Scholars

  • Thirty Fulbright Fellowship winners