Newman's Own

Newman's Own is a food company and for-profit corporation founded by actor Paul Newman and author A. E. Hotchner in 1982. Newman received all of the profits from product sales, and then he donated 100% of the proceeds, after taxes, to various educational and charitable organizations of his own selection. As an example of a Social Enterprise, Newman's Own has also inspired other business to adopt his model: Give Something Back Business Products be... more

Newman's Own is a food company and for-profit corporation founded by actor Paul Newman and author A. E. Hotchner in 1982. Newman received all of the profits from product sales, and then he donated 100% of the proceeds, after taxes, to various educational and charitable organizations of his own selection. As an example of a Social Enterprise, Newman's Own has also inspired other business to adopt his model: Give Something Back Business Products being one of them. In 1982, Newman summarised his initial intentions regarding distribution of his company's profits: "My profits will be divided between a number of tax-deductible charities and causes, some church-related, others for conservation and ecology and things like that". The brand started with homemade salad dressing that Newman and Hotchner had prepared, and given to friends as gifts. The successful reception of that salad dressing led Newman and Hotchner to commercialise that item for sale. From that initial food item, made with USD... less