Who is Paul Newman?
If you were asked to describe Paul Newman in as minimal words as possible, how would you summarize him? Some might say, Academy award winning actor and film director. Others might focus on his many national championships as a race car driver. A few might only need three words; blue, eyed, and hunk. It is far less likely that someone would declare, “He’s that guy on the salad dressing bottles!” Yet, one of the largest contributions Paul Newman made to society was starting his own line of dressings and vinaigrettes. So, how did Newman come into his own?
Paul Newman was cofounder of Newman’s Own, a food company from which he donated all post tax profits and royalties to charity. His brand started most famously with salad dressing. However, it has expanded to include pasta sauce, lemonade, popcorn, salsa, and wine, among other goods. The franchise has donated more than $400 million to charity. One of these charities includes the Hole in the Wall Gang Camp. This residential summer camp was created for critically ill children. The program has expanded to several camps in the U.S., Ireland, France, and Israel. It now serves 13,000 children every year, free of charge. He was also a cofounder of Safe Water Network, a nonprofit organization that develops sustainable drinking water solutions for those in need.
With all of his altruistic work, it’s almost of no surprise that Newman was also one of the founders of the Committee Encouraging Corporate Philanthropy (CECP). This organization includes CEOs committed to raising the level and quality of global corporate philanthropy. Newman was duly named the Most Generous Celebrity of 2008 by Givingback.org for his contribution of $20,857,000 to Newman’s Own Foundation.
We honor Paul Newman for his philanthropic work which makes him a Legacy Champ. If you want to be a Legacy Champ in your own special way, then contact The Mendel Law Firm, L.P. for a free initial consultation on estate planning, trust planning, and/or probate issues.