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Newman's Own Foundation Launches #Newmanitarian Campaign Asking People to Commit Acts of Kindness

Release Date: 
01/30/2018

WESTPORT, CT -- In recognition of reaching the milestone of $500 milliondonated to charity, Newman's Own Foundation has launched a #Newmanitarian campaign, calling for acts of kindness. This can include small gestures of being kind, doing good deeds, and extending generosity towards others. Individuals are asked to visit Newmanitarian.org and take a pledge to give back. Newmanitarians can then share the pledge and their good deeds on social media.

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Blumenthal, Murphy: Save Tax Exemption For Newman's Own Foundation

Release Date: 
01/17/2018

WESTPORT, CT -- Sens. Richard Blumenthal and Chris Murphy wrote to Senate leadership Wednesday asking that a provision to protect the Westport-based Newman’s Own Foundation from a costly tax bill be included in ongoing federal budget negotiations. When Paul Newman died in 2008, ownership of the actor's ...

An Obscure Tax Law Might Force Newman's Own to Put Itself Up for Sale

Release Date: 
01/11/2018

WESTPORT, CT -- Newman's Own, the popular purveyor of philanthropic pasta sauce, will be forced to put itself up for sale or pay crushing fines this year due to an obscure provision in the tax code. "It's not a possibility — it's an absolute certainty that we would have to divest," Bob Forrester, chief executive of the Newman's Own Foundation, told CNBC. On Wednesday, Forrester is slated to meet with lawmakers in hopes of a securing a last-minute legislative fix, potentially as part of any deal to fund ...

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Newman's Own Threatened With Punitive Tax After Exemption Nixed From Tax Overhaul

Release Date: 
01/05/2018

WESTPORT, CT -- Newman’s Own, the Westport food company founded by Paul Newman, faces a crippling tax penalty that threatens the iconic Connecticut’s company’s philanthropic mission.  Newman’s Own Foundation owns 100 percent of Newman’s Own food company. The IRS gave the foundation five years to divest from the company. In 2013, it was granted another five-year waiver, which is set to expire in November. When it does, the IRS will levy a 200 percent tax on the foundation’s assets.  There are about 25 other charities based on the Newman's Own model, with a for-profit company on one side and a foundation funneling those profits into philanthropy on the other, Forrester said. He plans to return to Washington and redouble his push for a legislative solution. “We’re committed to this, and we’re going to fight for this,” he said. “I think these next six weeks are going to decide things.”

Glitch In GOP Tax Bill Creates Uncertain Future For Newman’s Own

Release Date: 
01/02/2018

WESTPORT, CT -- A glitch in the Republican tax overhaul has created an uncertain future for Newman’s Own Foundation and the food company it operates. Under the 1969 tax law, Newman’s Own had five years to divest itself from the business after Newman’s death in 2008, or face a 200 percent tax on its assets. Newman’s Own was able to get congressional support for a waiver to extend that an additional five years. That waiver expires in November 2018.

Newman's Own Foundation and the Tax Overhaul: Two Cases of “Who Knew?”

Release Date: 
12/12/2017

WESTPORT, CT -- Newman's Own Foundation is facing a very stiff tax penalty that could cause it to sell off its ownership in the food conglomerate that shares its name or even disband altogether if a provision in the tax reform bill currently being deliberated is not included.

Newman's Own Foundation Awards Grant to Support Internships

Release Date: 
12/10/2017

MIDDLETOWN, CT -- Wesleyan’s Patricelli Center for Social Entrepreneurship received a $10,000 grant from the Newman’s Own Foundation to support student internships. “The gift from the Newman Foundation will be used to offer stipends to students doing social impact and entrepreneurship work during the summer,” explained Makaela Kingsley ’98, director of the Patricelli Center for Social Entrepreneurship. “We are grateful for the support of Newman’s Own and our other donors who make this work possible.”

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Film and Television Students to Use $20K from Newman’s Own Foundation to Inspire Inclusion

Release Date: 
12/07/2017

FAIRFIELD, CT -- Sacred Heart University’s Film and Television Master’s Program (FTMA) has received a $20,000 grant from Newman’s Own Foundation to develop a series of one-minute films promoting inclusion and diversity.

Newman's Own Tax Break

Release Date: 
11/24/2017

WASHINGTON, DC -- The Newman’s Own Foundation isn’t mentioned in the Senate or House tax bills by name, but appears to be the target of a specific carveout—among the many highly targeted breaks and exemptions in the new GOP tax plans. The unusual structure of the Newman’s Own Foundation, a nonprofit charity that wholly owns a for-profit food company, leaves it vulnerable to a punitive 200 percent tax that would break up the arrangement, and for the past nine years it has spent hundreds of thousands of dollars lobbying Congress to change U.S. law so it can be exempt.

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Newman's Own Foundation is Teaming Up with CrowdRise To Launch $500,000 Holiday Challenge

Release Date: 
11/20/2017

WESTPORT, CT -- Newman's Own Foundation, founded by the late actor and philanthropist Paul Newman, has teamed up with CrowdRise, now part of GoFundMe—the world's largest social fundraising platform—to sponsor CrowdRise's annual Holiday Challenge. Launching November 21, right before Giving Tuesday, and lasting through January 3, the Newman's Own Foundation Holiday Challenge will donate half a million dollars to competing charities, based on certain criteria and challenges over the course of the campaign. This year's program marks the largest holiday challenge to date for CrowdRise, with over 4,000 nonprofits registered to participate. 

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HMF FitKids Awards Grade Schoolers for Running Accomplishments

Release Date: 
11/10/2017

EAST HARTFORD, CT -- 1,800 school students from 39 schools across Connecticut took part in HMF FitKids in School Medal Day recently — the culmination of weeks of training supported by the Hartford Marathon Foundation. Transportation, snacks and hats were provided free to the schools through the HMF FitKids in School sponsors, including the Aetna Foundation, United Bank Foundation Connecticut, Newman’s Own Foundation and Mountain Dairy, as well as individual donations from the running community.

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Newman's Own Foundation Buoyed by Tax Bill's Rescue Provision

Release Date: 
11/03/2017

WASHINGTON, DC -- The president and CEO of Newman’s Own Foundation has lobbied for six years to save his foundation from a 200 percent tax, but didn’t know until Nov. 2 that the provision had been included in the House GOP tax bill. The foundation would be hit with the 200 percent tax in 2018 unless it has divested, but would be spared if the House Ways and Means Committee bill provision—which would exempt private foundations from the penalty if they meet certain requirements—is enacted.

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Newman's Own Foundation Honors Senators Bob and Elizabeth Dole For Their Longtime Support of Veterans And Commits $6.7 Million in Grants to Veterans Organizations

Release Date: 
10/30/2017

WESTPORT, CT -- Newman's Own Foundation, founded by the late actor and philanthropist Paul Newman, honored Senators Bob and Elizabeth Dole for their commitment to public service and especially their devoted leadership and support of veterans.

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Three Foundations Join Forces to Advance Obesity Prevention Efforts in Connecticut

Release Date: 
10/17/2017

HARTFORD, CT -- Early Childhood Obesity is the focus of three Connecticut-based foundations as they combine forces to award $194,884 in grants for obesity prevention projects in Connecticut.  The grants are funded with contributions from the Children’s Fund of Connecticut (CFC), the Connecticut Health Foundation, and Newman’s Own Foundation and will be administered by CFC’s non-profit subsidiary, the Child Health and Development Institute (CHDI).

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