Newman’s Own Foundation CEO Explains Unique Social Entrepreneurship Model
This post was originally produced for Forbes.
“Paul Newman wanted to make the world a better place, and we carry on his legacy to do that ,” says Robert Forrester, President and CEO of Newman’s Own Foundation and Chairman and CEO of Newman’s Own, Inc. “Great tasting foods and a charitable mission are always relevant; they’re at the core of what we do.”
Forrester explains that the foundation owns Newman’s Own, Inc., meaning that 100 percent of distributed profits go to charity. In fact, he reports, that over $400 million has been donated to organizations around the world.
“We recently announced a $10.5 million commitment to nutrition, providing grants to over 36 organizations that focus on fresh food access and nutrition education,” Forrester adds. “Part of this commitment includes the establishment of the first-ever Newman’s Own Foundation Nutrition Cohort, which consists of 6 nonprofits and a research organization.”
The six organizations supported will include:
Fair Food Network (Ann Arbor, MI)
FoodCorps (New York, NY)
Food Trust (Philadelphia)
National Farm to School Network (Chicago)
Wellness in the Schools (New York, NY)
Wholesome Wave (Bridgeport, CT)
On Tuesday, December 30, 2014 at 1:00 Eastern, Forrester will join me for a live discussion about the company and the foundation. Tune in here then to watch the interview live.
More about Newman’s Own:
Paul Newman was committed to helping make the world a better place. To carry on his philanthropic legacy, Newman’s Own Foundation turns all net profits and royalties from the sale of Newman’s Own products into charitable donations. To date, Paul Newman and Newman’s Own Foundation have given over $400 million to thousands of charities around the world.
Robert (Bob) H. Forrester is President and CEO of Newman’s Own Foundation, and Chairman and CEO of Newman’s Own, Inc. He was a close, personal friend and philanthropic advisor to Paul Newman, who founded the company and Foundation. Prior to Newman’s Own, Bob was Founder, Chairman, and CEO of Payne, Forrester & Associates, LLC, an international consulting group providing services to nonprofits. He also has served in senior management positions at the University of Hartford and New York University. Bob’s career spans 44 years of work with nonprofit and philanthropic organizations in the U.S., Europe, Middle East, and Africa. He serves on numerous boards. Bob holds a B.S. in Psychology, and he served as a U.S. Army Captain in the Republic of Vietnam.
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