Newman's Own

Newman's Own is a food company founded by actor Paul Newman and his friend, author A. E. Hotchner, in 1982. The company is a for-profit corporation, and Paul Newman receives all the proceeds. Newman then donates 100% of those proceeds, after taxes, to educational and charitable purposes. The charities, and their nature, to which the proceeds are given remain mostly undisclosed. According to the Newman's Own website, the franchise has resulted in over $200 million in donations as of April 2006. The company co-sponsors the PEN/Newman's Own First Amendment Award, which is presented annually to a United States resident who has fought courageously, despite adversity, to safeguard the First Amendment right to freedom of expression as it applies to the written word.
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