Next time you're on the couch, dutifully working your way through a bag of tor a Own salsa (I, for one, make no apologies), take a moment to reflect that you are also an indirect participant in a fascinating, and fraught, experiment in the relationship between philanthropic power, private interests, and the public good.
Newman's Own products are a supermarket mainstay-each bears some variant of the announcement "100% Profits to Charity" accompanied by the limpid-eyed visage of actor Paul Newman. Newman created the company in 1982. That Christmas he and a friend made a giant batch of an oil-and-vinegar salad dressing and gave it away to neighbors including, as a 2015 Vanity Fair article chronicled, "a young caterer named Martha Stewart, who held a blind taste test [in which] Newman's was voted No. 1" Newman agreed to put his face on the label to sell the bottles, which flew off the shelves of local groceries. Newman and his friend made nearly $1 million and decided that all the profits from Newman's Own-as they called the new company they formed-would go to charity. Over the next several decades, Newman's Own would add pasta sauces, lemonade, popcorn, cookies, and more-giving upward of $500 million to charity, largely to organizations helping children facing serious illness or addressing child nutrition. For most of that time Newman, his family, and a few close friends distributed the funds. But as the actor grew older, he saw a need to professionalize the enterprise. In 2005 he created Newman's Own Foundation, appointing nonprofit consultant Robert Forrester to run it and leaving the food company to the foundation when he died.
Denne historien er fra November 2022-utgaven av Town & Country US.
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Denne historien er fra November 2022-utgaven av Town & Country US.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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THE MASTER BUILDER
For the collector and philanthropist Amalia Amoedo, living with art and supporting the people who make it isn't just a choice it's a tradition. Is it any wonder she's known as Latin America's Peggy Guggenheim?
The ROTHSCHILD and the SNOWSTORM
Four decades after Jeannette May's remains were found on an Italian mountainside, the authorities have reopened the investigation into who or what-killed the former Lady de Rothschild.Was it a kidnapping? A mafia hit? Or have the rumors been wrong all along?
The WIZARD of MADISON
Suit up before stepping inside Giorgio Armani's new uptown Oz.
WHERE THE WILDLY EXPENSIVE THINGS ARE
In a small city in the Dutch hinterlands, sharp-elbowed dealers hunt the biggest game of all: billionaire collectors voracious for treasures from the last art fair that truly matters.
READ THE FINE PRINT
Nestled among the winding, narrow streets of Berkeley, California, which curve past a pastiche of architectural styles, including the material opulence of the spare modern mansions belonging to the tech elite, Susan Filter and Peter Koch's home stands apart.
Begin Here
Take a page from Sir Joseph Duveen, the man who taught America how to collect.
NOW YOU SEE HER
Bertha Russell would be so disappointed. When Carrie Coon, who plays the calculating social climber on The Gilded Age, sits down at the Regency Bar & Grill, just a few blocks and about 140 years from the fictional mansion where her character resides, it's the tail end of the restaurant's infamous power breakfast—a crucial error in timing for anyone hoping to rub elbows with New York City's ruling class.
Give Me Liberty!
Creative freedom, it turns out, is a very wise investment.
How Young Is Too Young to Start an Art Collection?
It will take more than just a trust fund to get them to sell you that painting.
Look Where You're Going
How many teenagers do you know who spend their free time doing this?
