Paul Newman has reportedly turned over the entire value of his ownership in Newman’s Own — the salad dressing and food company — to his charitable Newman’s Own Foundation. The amount of the donation is said to be somewhere around $120 million!
T.i. is on top of the millions of dollars Newman's food company has been donating to charity since he began it in 1982.
Fox News is reporting:
“According to Newman’s Own federal tax filing for 2006, the actor personally gave away $8,746,500 to a variety of groups that support children, hurricane relief in the Gulf Coast, education and the arts. But don’t think that Newman — who received his Kennedy Center honor in 1992 and deserves a Presidential Medal of Freedom — did this because he suddenly thought he was dying. When he set up the new foundation, he hadn’t yet been diagnosed with lung cancer. It was just in honor of his 80th birthday, and an acknowledgment that he wanted to make sure his charities would continue receiving his largesse.”
Completed over a two-year period in 2005 and 2006, the amount of his personal donations to Newman’s Own Foundation Inc. comes to an astounding $120 million.
Just another reason to simply love Paul Newman. Check out his kid’s camps through his Hole in the Wall Gang foundation.
Paul's cancer is still being questioned. First it was first confirmed - and was then denied - by long time friend and business partner, A.E. Hotchner.
