Paul Newman’s Bequest Will Benefit His Charity
December 11, 2008 | Read Time: 1 minute
When the actor Paul Newman died in September, he left his interest in the Newman’s Own and Salad King food companies, plus his Oscar statuettes and other awards, to his Newman’s Own Foundation, in Farmington, Conn., according to his will, which was filed in Westport, Conn.
Mr. Newman also bequeathed his publicity and intellectual-property rights to the foundation. According to the will, such rights include Mr. Newman’s image in films, photos, and drawings, as well as his signature, voice, and other trademarks. He left his personal property and real estate to his wife, the actress Joanne Woodward. Foundation officials would not disclose any additional details about the bequest or put a dollar value on how much it might be worth.
Together, Mr. Newman and his foundation have given a total of $250-million to charity, according to the foundation’s Web site. The philanthropy held more than $129.7-million in assets in 2006, the most recent year for which the organization’s tax filings are available.