Walter L. Morgan ’20

Walter L. Morgan, the last surviving member of the Class of '20, died Sept. 2, 1998, at Bryn Mawr [Pa.] Hospital. He was 100.

Walter founded the Vanguard/Wellington Fund. In 1929, he pooled $100,000 from business associates and family members into a single fund to buy stocks and bonds. The fund now has $23 billion in assets and 900,000 shareholders.

Walter prepared at Hillman School. In 1942, he married Helen Dugan, who survives. A football fan, he contributed to the cost of Princeton Stadium and funded several scholarships. He was a trout fisherman and enjoyed hunting with his English setter, Ticker Tape. Walter was an honorary director of the Philadelphia Orchestra and the Academy of Music in Philadelphia. He collected antique furniture and fine wines.

At Walter's memorial service, Vanguard senior chairman John C. Bogle '51 said, "Walter lives on, in our hearts and our minds and our souls, not only for those of us gathered here this morning, but for those many others who know him solely by the glory of his deeds, the strength of his reputation, the high character of his honorable life." The class extends condolences to Walter's family.

The Class of 1920