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Newman’s Own Foundation

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uuid000rfuv

Namestring
Newman’s Own Foundation
Legal namestring
Newman's Own Foundation
Websiteurl
newmansown.org
Company typeenum
Private
Founded yearint
1982
Descriptiontext

Newman's Own Foundation is an independent, private grantmaking foundation established in 1982 by actor and philanthropist Paul Newman. It is headquartered in Westport, Connecticut, and operates with a lean staff of 11–50 employees. The foundation's defining model is that it receives 100% of the net profits and royalties from the sale of Newman's Own food and beverage products — including salad dressings, pasta sauces, frozen pizza, salsa, cookies, BBQ sauce, snacks, and pet food — and redistributes those funds as grants to charitable organizations. The foundation also accepts tax-deductible direct donations through its website and the GiveButter platform.

The foundation's grantmaking is organized around three priority areas: Nutrition Education & School Food, Indigenous Food Justice, and SeriousFun Children's Network (supporting joyful experiences for children living with serious illnesses). Grantees include 501(c)(3) nonprofits, public schools, school districts, and federally recognized Tribes working to address childhood food insecurity, nutrition education gaps, disconnection from Indigenous food traditions, and limited access to joyful experiences for seriously ill children. Recent programmatic activity includes a Food Justice for Kids Prize (up to $1.2M over two years), the Indigenous Tomorrows Fund (a participatory grantmaking initiative led by Native Americans in Philanthropy with a planned $1.65M in 2026), Garden Grants co-funded with Whole Foods Market Foundation, the 2025 Prizes for Innovation in partnership with Hunger to Health Collaboratory, matching campaigns with DonorsChoose, and ongoing Nutrition Education & School Food grants. Cumulative giving since 1982 exceeds $600M to thousands of social impact organizations.

The foundation's business model is structurally distinct from typical private foundations: rather than relying on endowment returns or annual fundraising, its grantmaking capacity is directly tied to consumer purchases of Newman's Own products. Distribution occurs through online grant applications on the foundation's website, co-funding partnerships that extend reach via partner channels (Whole Foods Market Foundation, DonorsChoose, Hunger to Health Collaboratory, Native Americans in Philanthropy, Novo Nordisk), and a recently adopted steward ownership governance structure designed to perpetuate the 100%-to-charity mission. The organization does not operate a technology platform, does not offer APIs or software products, and does not disclose AI/ML capabilities; its competitive position rests entirely on brand equity, the self-funded royalty model, and partnership-driven distribution.

Short descriptiontext

Newman's Own Foundation is an independent private foundation established in 1982 by Paul Newman that distributes 100% of royalties and profits from Newman's Own food products as grants to nonprofits, tribes, and schools supporting children facing adversity across three priority areas.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersLexington, United States
HQ citystring
Lexington
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
private grantmaking foundation, charitable grant distribution, food justice philanthropy, nutrition education grants, children's welfare funding
Industry4 codes
1Private Foundations
CodeBPAGAKAAPrimaryYes
2Community Foundations
CodeBPAGAKABPrimaryNo
3Social Justice & Human Rights Grantmaking Foundations
CodeBPAGAKANPrimaryNo
4Environmental & Climate Grantmaking Foundations
CodeBPAGAKAMPrimaryNo
NAICS code3 codes
  • Grantmaking Foundations813211
  • Grantmaking and Giving Services81321
  • Voluntary Health Organizations813212
SIC code1 code
  • Services-Social Services8300
Product category
Charitable Grantmaking Foundation
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Food product royalties and profits
TypeLicensing Royalties
Description

The foundation receives 100% of all net profits and royalties from the sale of Newman’s Own food and beverage products, including salad dressings, pasta sauces, frozen pizza, salsa, cookies, BBQ sauce, snacks, and pet food. These funds are then distributed as grants to charitable organizations.

newmansown.org
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Newman's Own Foundation is a private grantmaking foundation that funds 501(c)(3) nonprofits, public schools, school districts, and federally recognized Tribes supporting children facing adversity. Its grants are powered entirely by profits and royalties from sales of Newman's Own food and beverage products, and it focuses on three priority areas: Nutrition Education & School Food, Indigenous Food Justice, and SeriousFun Children's Network. The foundation also accepts tax-deductible direct donations via its website and creates co-funding partnerships with aligned philanthropic organizations.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 4 values shown
  • Over $600 million given to thousands of charities since 1982
+3 more records
Product overview1 text field

Newman’s Own Foundation is a private grantmaking foundation that operates as a unified grant distribution organization rather than a platform-plus-modules architecture. The Foundation's primary offering is its grantmaking program, which distributes 100% of profits and royalties from Newman’s Own food products to nonprofits, tribes, and schools supporting children who face adversity. Key grant programs include the Food Justice for Kids Prize, Indigenous Tomorrows Fund, Garden Grants partnership with Whole Foods Market Foundation, and the 2025 Prizes for Innovation partnership with Hunger to Health Collaboratory. The Foundation's funding priorities are organized into three focus areas: Nutrition Education & School Food, Indigenous Food Justice, and SeriousFun Children’s Network. The organization does not offer a technology product, software platform, or API-based services.

Product and service8 records
1Newman's Own Foundation Grant Programs
CategoryGrantmaking
Description

A private grantmaking foundation distributing funds to nonprofits, public schools, school districts, and federally recognized Tribes across three priority areas: Nutrition Education & School Food, Indigenous Food Justice, and SeriousFun Children's Network.

2Food Justice for Kids Prize
CategoryGrant Program
Description

A prize program providing multi-year grant funding (up to $1.2M over 2 years) to 12 nonprofits and tribes advancing Indigenous food justice, nutrition education, and school food programs for youth.

3Indigenous Tomorrows Fund
CategoryGrant Program
Description

A participatory grantmaking initiative that invests $1.65M in 2026 across three grant tiers ($25K, $65K, $100K) to support Indigenous youth leadership and community-defined solutions.

4Garden Grants with Whole Foods Market Foundation
CategoryGrant Program
Description

A co-funded partnership program that awarded $3.4M to 950 school gardens, benefiting over 500,000 students nationwide, including a priority emphasis on schools serving Indigenous students.

52025 Prizes for Innovation (Hunger to Health Collaboratory Partnership)
CategoryGrant Program
Description

An innovation prize partnership with Hunger to Health Collaboratory that awarded $300,000 across six winners in three categories: Food and Nutrition Policy Work, Nutrition Education & School Food, and Indigenous Food Justice for Youth.

6Nutrition Education & School Food Grants
CategoryGrant Program
Description

Grant program awarding over $3.4M in 2024 to 21 organizations working to bring food justice to children through schools and nutrition education, supporting farm-to-school initiatives, school gardens, and food policy work.

7Indigenous Food Justice Grants
CategoryGrant Program
Description

Grant program that invested over $2.2M in 2024 in Indigenous Food Justice grantee partners across the U.S. and its territories, supporting rematriation of traditional foods, youth education on healthy growing practices, and food sovereignty initiatives.

8DonorsChoose Matching Program
CategoryGrant Program
Description

A matching donation program on the DonorsChoose platform that matched $100K of individual donations for nutrition education and school food projects in equity focus schools, totaling $200K across 461 projects in 380 schools.

Scale indicator11 records

Each record includes

Type, Value, Description, Source

Partnership5 partners
1Indigenous Tomorrows Fund (via Native Americans in Philanthropy)
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-01-01
Description

A first-of-its-kind participatory grantmaking initiative led by Native Americans in Philanthropy that supports Indigenous youth leadership and community-defined solutions. In 2026, the fund will invest $1.65M to expand support for Native-led solutions.

newmansown.org
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2025-10-13
Description

Collaborative partnership for the Indigenous Tomorrows Fund, a participatory grantmaking initiative that places decision-making power in youth leaders ages 14-24. The fund awarded $720K to 24 organizations in its pilot year.

Strategic tierCoreTypeGTM or Marketing PartnerAnnounced on2025-09-10
Description

Co-funding partnership for school garden grants. Newman’s Own Foundation contributed $100K to Whole Foods Market Foundation’s Garden Grant program, helping award $3.4M to 950 school gardens benefiting over 500,000 students across nearly all 50 states.

4Hunger to Health Collaboratory
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2025-05-20
Description

Co-funding partnership for the 2025 Prizes for Innovation, awarding $300,000 across six recipients in categories of Food and Nutrition Policy Work, Nutrition Education & School Food, and Indigenous Food Justice for Youth.

newmansown.org
Strategic tierCoreTypeGTM or Marketing PartnerAnnounced on2024-08-19
Description

Matching donation partnership where Newman’s Own Foundation matched $100K of individual donations on DonorsChoose for nutrition education and school food projects in equity focus schools. The match helped fund 461 projects across 380 schools.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Market position
Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers5 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles4 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Newman’s Own Foundation

Charitable Grantmaking Foundationnewmansown.org

Newman's Own Foundation is an independent private foundation established in 1982 by Paul Newman that distributes 100% of royalties and profits from Newman's Own food products as grants to nonprofits, tribes, and schools supporting children facing adversity across three priority areas.

What Newman’s Own Foundation does

Newman's Own Foundation is an independent, private grantmaking foundation established in 1982 by actor and philanthropist Paul Newman. It is headquartered in Westport, Connecticut, and operates with a lean staff of 11–50 employees. The foundation's defining model is that it receives 100% of the net profits and royalties from the sale of Newman's Own food and beverage products — including salad dressings, pasta sauces, frozen pizza, salsa, cookies, BBQ sauce, snacks, and pet food — and redistributes those funds as grants to charitable organizations. The foundation also accepts tax-deductible direct donations through its website and the GiveButter platform.

The foundation's grantmaking is organized around three priority areas: Nutrition Education & School Food, Indigenous Food Justice, and SeriousFun Children's Network (supporting joyful experiences for children living with serious illnesses). Grantees include 501(c)(3) nonprofits, public schools, school districts, and federally recognized Tribes working to address childhood food insecurity, nutrition education gaps, disconnection from Indigenous food traditions, and limited access to joyful experiences for seriously ill children. Recent programmatic activity includes a Food Justice for Kids Prize (up to $1.2M over two years), the Indigenous Tomorrows Fund (a participatory grantmaking initiative led by Native Americans in Philanthropy with a planned $1.65M in 2026), Garden Grants co-funded with Whole Foods Market Foundation, the 2025 Prizes for Innovation in partnership with Hunger to Health Collaboratory, matching campaigns with DonorsChoose, and ongoing Nutrition Education & School Food grants. Cumulative giving since 1982 exceeds $600M to thousands of social impact organizations.

The foundation's business model is structurally distinct from typical private foundations: rather than relying on endowment returns or annual fundraising, its grantmaking capacity is directly tied to consumer purchases of Newman's Own products. Distribution occurs through online grant applications on the foundation's website, co-funding partnerships that extend reach via partner channels (Whole Foods Market Foundation, DonorsChoose, Hunger to Health Collaboratory, Native Americans in Philanthropy, Novo Nordisk), and a recently adopted steward ownership governance structure designed to perpetuate the 100%-to-charity mission. The organization does not operate a technology platform, does not offer APIs or software products, and does not disclose AI/ML capabilities; its competitive position rests entirely on brand equity, the self-funded royalty model, and partnership-driven distribution.

Newman’s Own Foundation firmographics

Firmographics
Name
Newman’s Own Foundation
Legal name
Newman's Own Foundation
Website
https://newmansown.org
Company type
Private
Founded year
1982
Operating status
Operating
Headcount range
11–50 employees
Short description
Newman's Own Foundation is an independent private foundation established in 1982 by Paul Newman that distributes 100% of royalties and profits from Newman's Own food products as grants to nonprofits, tribes, and schools supporting children facing adversity across three priority areas.
Ownership category
akta.pro rank

Newman’s Own Foundation industry classification

Industry
Product category
Charitable Grantmaking Foundation
NAICS
Grantmaking Foundations (813211), Grantmaking and Giving Services (81321), Voluntary Health Organizations (813212)
SIC
Services-Social Services (8300)
akta.pro primary industry
Private Foundations (BPAGAKAA)
akta.pro secondary industries
Community Foundations (BPAGAKAB), Social Justice & Human Rights Grantmaking Foundations (BPAGAKAN), Environmental & Climate Grantmaking Foundations (BPAGAKAM)

Keywords

  • Private grantmaking foundation
  • Charitable grant distribution
  • Food justice philanthropy
  • Nutrition education grants
  • Children's welfare funding

Where Newman’s Own Foundation is headquartered

Location

Headquarters

HQ city
Lexington
HQ country
United States
HQ region
North America

Offices1 record

Markets served

Newman’s Own Foundation business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

  1. Food product royalties and profits: The foundation receives 100% of all net profits and royalties from the sale of Newman’s Own food and beverage products, including salad dressings, pasta sauces, frozen pizza, salsa, cookies, BBQ sauce, snacks, and pet food. These funds are then distributed as grants to charitable organizations.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Newman’s Own Foundation product offering

Product offering

Core offering

Newman's Own Foundation is a private grantmaking foundation that funds 501(c)(3) nonprofits, public schools, school districts, and federally recognized Tribes supporting children facing adversity. Its grants are powered entirely by profits and royalties from sales of Newman's Own food and beverage products, and it focuses on three priority areas: Nutrition Education & School Food, Indigenous Food Justice, and SeriousFun Children's Network. The foundation also accepts tax-deductible direct donations via its website and creates co-funding partnerships with aligned philanthropic organizations.

Product overview

Newman’s Own Foundation is a private grantmaking foundation that operates as a unified grant distribution organization rather than a platform-plus-modules architecture. The Foundation's primary offering is its grantmaking program, which distributes 100% of profits and royalties from Newman’s Own food products to nonprofits, tribes, and schools supporting children who face adversity. Key grant programs include the Food Justice for Kids Prize, Indigenous Tomorrows Fund, Garden Grants partnership with Whole Foods Market Foundation, and the 2025 Prizes for Innovation partnership with Hunger to Health Collaboratory. The Foundation's funding priorities are organized into three focus areas: Nutrition Education & School Food, Indigenous Food Justice, and SeriousFun Children’s Network. The organization does not offer a technology product, software platform, or API-based services.

Differentiator

Problem solved

Functional benefit

Products and services

  • Newman's Own Foundation Grant Programs A private grantmaking foundation distributing funds to nonprofits, public schools, school districts, and federally recognized Tribes across three priority areas: Nutrition Education & School Food, Indigenous Food Justice, and SeriousFun Children's Network.
  • Food Justice for Kids Prize A prize program providing multi-year grant funding (up to $1.2M over 2 years) to 12 nonprofits and tribes advancing Indigenous food justice, nutrition education, and school food programs for youth.
  • Indigenous Tomorrows Fund A participatory grantmaking initiative that invests $1.65M in 2026 across three grant tiers ($25K, $65K, $100K) to support Indigenous youth leadership and community-defined solutions.
  • Garden Grants with Whole Foods Market Foundation A co-funded partnership program that awarded $3.4M to 950 school gardens, benefiting over 500,000 students nationwide, including a priority emphasis on schools serving Indigenous students.
  • 2025 Prizes for Innovation (Hunger to Health Collaboratory Partnership) An innovation prize partnership with Hunger to Health Collaboratory that awarded $300,000 across six winners in three categories: Food and Nutrition Policy Work, Nutrition Education & School Food, and Indigenous Food Justice for Youth.
  • Nutrition Education & School Food Grants Grant program awarding over $3.4M in 2024 to 21 organizations working to bring food justice to children through schools and nutrition education, supporting farm-to-school initiatives, school gardens, and food policy work.
  • Indigenous Food Justice Grants Grant program that invested over $2.2M in 2024 in Indigenous Food Justice grantee partners across the U.S. and its territories, supporting rematriation of traditional foods, youth education on healthy growing practices, and food sovereignty initiatives.
  • DonorsChoose Matching Program A matching donation program on the DonorsChoose platform that matched $100K of individual donations for nutrition education and school food projects in equity focus schools, totaling $200K across 461 projects in 380 schools.

Quantifiable outcome

  • Over $600 million given to thousands of charities since 1982
  • +3 more outcomes

Companies that use Newman’s Own Foundation

Customer profile

Named customers5 records

Segments1 record

Ideal customer profiles3 records

Newman’s Own Foundation technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Newman’s Own Foundation partnerships and signals

Strategic signal

Partnerships

Five partnerships are on record, tiered core.

  • Indigenous Tomorrows Fund (via Native Americans in Philanthropy)coreStrategic or Co-development Partner · 1 January 2026A first-of-its-kind participatory grantmaking initiative led by Native Americans in Philanthropy that supports Indigenous youth leadership and community-defined solutions. In 2026, the fund will invest $1.65M to expand support for Native-led solutions.
  • Native Americans in PhilanthropycoreStrategic or Co-development Partner · 13 October 2025Collaborative partnership for the Indigenous Tomorrows Fund, a participatory grantmaking initiative that places decision-making power in youth leaders ages 14-24. The fund awarded $720K to 24 organizations in its pilot year.
  • Whole Foods Market FoundationcoreGTM or Marketing Partner · 10 September 2025Co-funding partnership for school garden grants. Newman’s Own Foundation contributed $100K to Whole Foods Market Foundation’s Garden Grant program, helping award $3.4M to 950 school gardens benefiting over 500,000 students across nearly all 50 states.
  • Hunger to Health CollaboratorycoreStrategic or Co-development Partner · 20 May 2025Co-funding partnership for the 2025 Prizes for Innovation, awarding $300,000 across six recipients in categories of Food and Nutrition Policy Work, Nutrition Education & School Food, and Indigenous Food Justice for Youth.
  • DonorsChoosecoreGTM or Marketing Partner · 19 August 2024Matching donation partnership where Newman’s Own Foundation matched $100K of individual donations on DonorsChoose for nutrition education and school food projects in equity focus schools. The match helped fund 461 projects across 380 schools.

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Newman’s Own Foundation competitors and assessment

Company assessment

Market position

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Newman’s Own Foundation social profiles

Digital presence

Newman’s Own Foundation financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Newman’s Own Foundation leadership team

Management profile

Number of profiles

Profiles4 records

Newman’s Own Foundation funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Newman’s Own Foundation M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Newman’s Own Foundation

What does Newman’s Own Foundation do?

Newman's Own Foundation is a private grantmaking foundation that funds 501(c)(3) nonprofits, public schools, school districts, and federally recognized Tribes supporting children facing adversity. Its grants are powered entirely by profits and royalties from sales of Newman's Own food and beverage products, and it focuses on three priority areas: Nutrition Education & School Food, Indigenous Food Justice, and SeriousFun Children's Network. The foundation also accepts tax-deductible direct donations via its website and creates co-funding partnerships with aligned philanthropic organizations.

Is Newman’s Own Foundation a public or private company?

Newman’s Own Foundation is a private company. It is classified as nonprofit foundation owned and is currently operating.

When was Newman’s Own Foundation founded?

Newman’s Own Foundation was founded in 1982. It employs 11 to 50 people.

Where is Newman’s Own Foundation based?

Newman’s Own Foundation is headquartered in Lexington, United States, in the North America region.

How does Newman’s Own Foundation make money?

One revenue line is on record: food product royalties and profits.

Does Newman’s Own Foundation have an API?

No public API is recorded for Newman’s Own Foundation.

What industry is Newman’s Own Foundation in?

Newman’s Own Foundation's product category is Charitable Grantmaking Foundation. Its primary akta.pro industry code is BPAGAKAA, Private Foundations, with a secondary code of BPAGAKAB, Community Foundations. Its NAICS code is 813211 and its SIC code is 8300.

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Live signals
The Times of IndiaIn 1982, Paul Newman started selling homemade salad dressing and gave away the profits; 40 years later, his company has donated over $600 millionPaul Newman's Own, founded in 1982, began as a homemade salad dressing business that gave all profits to charity. By 2022, the company had donated over $600 million, with its foundation focusing on children's nutrition and food justice. The Philanthropic Enterprise Act of 2018 provided a legal structure for the model.The Times of IndiaIn 1982, Paul Newman started selling salad dressing; more than four decades later, the brand had given over $600 million of its profits to charityNewman's Own Foundation, founded by Paul Newman, has given over $600 million to charity since 1982, with 100% of profits directed to good causes. The foundation, which owns the company, supports children's camps, nutrition education, and Indigenous food justice. It launched the 100% for Purpose Club in 2025 to guide other companies.Inc.Paul Newman Gave Away 100 Percent of His Profits. A New Generation of Founders Wants to Do the SameThe Newman’s Own Foundation launched the “100% for Purpose” club in 2025 to encourage new founders to adopt cause-driven business models inspired by Paul Newman. While some companies like WellWithAll donate a portion of profits, others are scaling down the original model to allot fixed percentages to charity to accommodate venture-backed growth needs. This initiative aims to recruit the next generation of businesses committed to giving rather than just growing.FortuneNewman’s Own Foundation CEO on steward ownership: succession when you don’t want to sellThis opinion piece discusses steward ownership models as an alternative succession strategy for business owners facing the Great Wealth Transfer, where McKinsey projects 6 million small and medium businesses will transition ownership by 2035. The article profiles Optimax, a Rochester-based optics company that converted to an Employee Ownership Trust, enabling employees to share in profits and keeping jobs within the community. It also references other examples including Newman's Own, Patagonia, Bloomberg LP, and European foundation-controlled enterprises like Novo Nordisk and Tata Group as models for purpose-driven, non-speculative ownership structures.FortunePaul Newman and Yvon Chouinard's footsteps: More ways for CEOs to give it away in 'Great Boomer Fire Sale'This commentary article argues that an increasing number of business leaders are choosing to exit their companies through 'generosity exits,' transferring ownership to foundations, purpose-driven trusts, or employees rather than selling to private equity or pursuing an IPO. The author, who leads Newman’s Own Foundation—one of the most prominent examples of a company donating 100% of profits—highlights how governance models like foundation ownership (enabled by the 2018 Philanthropic Enterprise Act), perpetual purpose trusts (used by Patagonia), and Employee Stock Ownership Plans (ESOPs) have expanded options for founders seeking to preserve their mission. The article frames the 'Great Boomer Fire Sale' as a once-in-generation opportunity to reimagine business exits as acts of philanthropy, noting that over 6,500 U.S. companies are now fully or part-owned by their workers.AP NewsHere’s what young Native Americans funded with $720K from Newman’s Own Foundation and Novo NordiskNewman’s Own Foundation and Novo Nordisk provided $720,000 to the Indigenous Tomorrows Fund, managed by 21 young Native Americans aged 16–24 through Native Americans in Philanthropy, to address persistently high food insecurity in tribal communities. The initiative distributed grants to two dozen projects focused on food sovereignty and health, representing a rare participatory philanthropy model where beneficiary communities led grantmaking decisions rather than funders. Organizers aim to expand the fund to $1 million next year, with $500,000 already secured toward that goal.PR NewswireFrom Ashes to 'Magical' New Beginnings: The Hole in the Wall Gang Camp Opens Brand-New Creative ComplexThe Hole in the Wall Gang Camp in Ashford, Connecticut, held a grand opening on March 21, 2023, for its newly rebuilt Creative Complex, two years after a 2021 fire destroyed the original building. The 11,000-square-foot facility features universally accessible design, geothermal heating and cooling that prevents 77 tons of CO2 annually, and program spaces including a café, woodshop, and art nook. The $1 million-plus reconstruction was funded by contributions from more than 4,000 donors, including $1 million gifts from Travelers and Newman's Own Foundation.PR Newswire$600 MILLION IN GIVING SURPASSED ON 40th ANNIVERSARY OF NEWMAN'S OWN, THE PIONEERING PURPOSE-DRIVEN BRANDNewman's Own Foundation announced that it has surpassed $600 million in total charitable giving since 1982, coinciding with the 40th anniversary of the company. The foundation revealed a new giving strategy concentrating on supporting children facing adversity, including seriously ill children, children in Indigenous communities, and those experiencing nutrition insecurity in schools. This year, the foundation provided funding to 272 organizations, including SeriousFun Children's Network, FoodCorps, and Safe Water Network, among others.PR NewswireNewman's Own Foundation Names Dr. Rafael Pérez-Escamilla to Board of DirectorsNewman's Own Foundation has appointed Dr. Rafael Pérez-Escamilla, a public health expert and Yale professor, to its board of directors. The foundation continues its mission of donating net profits from Newman's Own products to charitable causes, having contributed over $570 million since 1982.PR NewswireMiriam Nelson Named President and CEO of Newman's Own FoundationMiriam E. Nelson, PhD has been named president and CEO of Newman's Own Foundation, having served as acting president and CEO since January 2020. Dr. Nelson, a prominent health and nutrition scholar and social entrepreneur, will lead the independent private foundation established by actor Paul Newman in 2005 to sustain his philanthropic mission of donating all profits from Newman's Own products to charitable causes. The foundation has donated over $560 million to nonprofit organizations worldwide since Paul Newman first began giving away profits in 1982.