Paul Newman’s Daughters Sue Newman’s Own Foundation

Paul Newman’s daughters have brought suit against the Newman’s Own Foundation, claiming that the leaders have deviated from their late father’s wishes to empower family members in dealings with the foundation. Newman created the private foundation in 2005, which controls the food company, Newman’s Own Inc..

The foundation has assets valued around $234 million. In 2020, the foundation’s board of directors reduced the yearly amount that the daughters each receive to direct charitable donations, cutting the dollar amount in half.

The daughters are now seeking $1.6 million in damages to be donated to the charities of their choosing.

For more information:

See Khadeeja Safdar “Paul Newman’s Daughters Sue Newman’s Own Foundation” The Wall Street Journal, August 23, 2022.

Special thanks to David S. Luber (Florida Probate Attorney) for bringing this article to my attention.