Newman’s Own Pet Products: Nourishing Your Pets

It’s always a privilege to share Newman’s Own story – our history, who we are, what we do, and the values that have guided us since our founding. The “we” in the story include Newman’s Own, Inc., a food and beverage company founded in 1982, and its sole owner, the Newman’s Own Foundation, an IRS-recognized charitable corporation, which carries on Paul Newman’s commitment to using all the money it receives (royalties and profits) from the sale of Newman’s Own products for charitable purposes.

Our “100% of Profits to Charity” commitment is one of two founding values upon which Newman’s Own is built (the other being “Quality Will Always Trump the Bottom Line”). It’s a vital part of our story, in our DNA, why we exist, motivates all of us, and is the true heart of Newman’s Own. We are proud of this commitment and want to be unambiguous about what we mean when we say “100% of Profits to Charity.” It’s not something we just thought up to boost sales, it’s not a play on words, and one shouldn’t need an accounting degree to understand it. We have been doing it for over 35 years, and as of 2019, we have donated over $550 million to thousands of deserving organizations worldwide.

In the simplest terms, when we say 100% of profits, we mean what’s leftover (aka surplus, balance, difference) after normal business expenses are deducted from all the income we derive from our food and beverage business sales. That income comes from two sources, direct sales of our products and royalties paid by the Company and third parties we license to sell our products.

Like all businesses (commercial or nonprofit), there are normal business expenses required to operate Newman’s Own, such as employee compensation and benefits, travel, cost of goods, transportation, warehousing, marketing and advertising, supplies, occupancy costs, taxes, etc. Management is responsible for preparing annual budgets submitted to the Board of Directors for review and approval. Compensation policy and practices come under the authority of an independent compensation committee of the Board of Directors, which regularly engages external studies to assess the reasonableness of our compensation scales.

As the sole owner of the food and beverage and licensing companies, 100% of profits, as defined above, go to Newman’s Own Foundation, which is recognized as a charitable organization under section 501(c)3 of the Internal Revenue Service code. The Foundation is governed by an independent Board of Directors, which is obligated to use the Foundation’s resources solely to advance its charitable purpose. The Foundation makes grants to charitable organizations, pays for other qualifying charitable expenses, and sets aside a small number of reserves to carry out charitable purposes and cover contingencies, such as paying future pledges to charitable organizations, maintaining funding capability to respond rapidly to emergencies such as natural disasters, make program-related investments, and cover unanticipated expenditures. In all cases, reserve funds can only be used for charitable purposes.

The programs, operations, finances, and people of Newman’s Own Foundation can be found by visiting www.newmansownfoundation.org.

Newman’s Own Dog Food | Chewy Video