MBA students enrolled in a new philanthropy course at UC Berkeley got some expert advice from actor Paul Newman, the San Jose Mercury News reported Sept. 8.
Newman, who launched Newman’s Own in 1982, said his philanthropy has been motivated by good fortune and a desire to give.
His food line has delivered to charities worldwide more than $100 million in after-tax profits from sales of spaghetti sauce, salad dressing and popcorn.
Newman also has founded six camps for disadvantaged and ill children, including the Hole in the Wall Gang for children with cancer and blood disorders.
“I don’t look at it as philanthropy,” Newman said. “I look at those dollars as an investment in a community that allows it to function.”
The goal of the course, Contemporary Philanthropy, is to equip new generations of entrepreneurs with a practical guide to charitable giving.