WEBVTT 00:00:00.417 --> 00:00:02.293 Alex, thank you so much for joining us. 00:00:02.544 --> 00:00:05.255 So for those who may not be familiar, explain to us the kind 00:00:05.255 --> 00:00:07.590 of work you're doing at the Newman's Own Foundation. 00:00:07.882 --> 00:00:09.676 Thank you so much for having me, Lisa. 00:00:10.427 --> 00:00:14.222 So Newman's Own Foundation, our mission is to nourish and 00:00:14.222 --> 00:00:17.600 transform the lives of children who face adversity. 00:00:18.018 --> 00:00:20.937 And we have several program priority areas. 00:00:20.937 --> 00:00:26.359 One relates to the summer camps that Paul Newman founded back in 00:00:26.359 --> 00:00:28.278 the 80s, so SeriousFun. 00:00:28.278 --> 00:00:32.699 So we fund those to allow children with multiple serious 00:00:32.699 --> 00:00:34.701 illnesses to come to camp. 00:00:35.243 --> 00:00:38.204 And then we also have Indigenous Food Justice, and nutrition 00:00:38.204 --> 00:00:39.497 education, and school food. 00:00:39.789 --> 00:00:45.211 And we give grants every year to almost 100 organizations, mostly 00:00:45.211 --> 00:00:47.047 across the US. 00:00:47.047 --> 00:00:48.006 And because this business model may seem a 00:00:48.006 --> 00:00:51.885 little unorthodox to people, what would you say to skeptics 00:00:51.885 --> 00:00:55.388 or those who are looking to follow in your footsteps? 00:00:55.805 --> 00:00:56.097 Yeah. 00:00:56.097 --> 00:01:00.351 So what's pretty unique about the foundation is that our money 00:01:00.351 --> 00:01:04.064 comes entirely from the sales of Newman's Own product. 00:01:04.105 --> 00:01:09.360 And we put on all the labels of the salad dressing, the popcorn, pizza. 00:01:09.736 --> 00:01:11.946 We say "100% profit to kids." 00:01:11.946 --> 00:01:14.532 And people are sort of like, is it really 100%? 00:01:14.699 --> 00:01:17.786 And the answer is yes, because the foundation owns 00:01:17.786 --> 00:01:18.745 the food company. 00:01:19.037 --> 00:01:22.123 And so unlike a traditional, if you think of a corporate 00:01:22.123 --> 00:01:25.460 foundation, usually it's under the corporation and maybe they 00:01:25.460 --> 00:01:28.088 give 1% of their profits or something like that. 00:01:28.546 --> 00:01:30.131 The governance is completely reversed. 00:01:30.131 --> 00:01:32.217 So we give 100% of the profits. 00:01:32.634 --> 00:01:38.431 And I think first for skeptics, well, all I can say is we've 00:01:38.431 --> 00:01:41.184 been doing this for 40 years. 00:01:41.184 --> 00:01:44.437 We've made a profit, you know, since, Paul Newman, when he 00:01:44.437 --> 00:01:46.856 started, made a profit since the beginning. 00:01:46.856 --> 00:01:53.738 We've given away $600 million to nonprofits since 1982. 00:01:53.947 --> 00:01:55.406 That's pretty incredible. 00:01:55.406 --> 00:01:59.911 And compared to being under the corporation, our products and 00:01:59.911 --> 00:02:04.499 our mission is it's really all about the kids and really about 00:02:04.499 --> 00:02:06.084 having maximum impact. 00:02:07.085 --> 00:02:08.962 And so that's pretty incredible. 00:02:09.337 --> 00:02:11.923 And then to those who want to follow in our footsteps, please 00:02:11.923 --> 00:02:12.382 come along. 00:02:12.632 --> 00:02:16.970 This is how we can align the best of for profit and nonprofit 00:02:16.970 --> 00:02:18.930 business models, in my view. 00:02:19.514 --> 00:02:22.308 So looking ahead, where do you think the biggest opportunities 00:02:22.308 --> 00:02:24.936 are for making an impact in what's the future looking like 00:02:24.936 --> 00:02:26.187 for Newman's Own Foundation? 00:02:26.938 --> 00:02:28.314 Thank you for asking. 00:02:28.314 --> 00:02:32.193 So I think there's two big places where we're very hopeful 00:02:32.193 --> 00:02:35.572 we can make an impact through our grantee partners. 00:02:35.572 --> 00:02:39.284 The 1st is Healthy Free School Meals for All. 00:02:39.284 --> 00:02:44.205 That's a campaign led by a number of partners, including 00:02:44.205 --> 00:02:45.832 FoodCorps and FRAC. 00:02:46.040 --> 00:02:49.711 And it's really about ensuring that in public schools in the 00:02:49.711 --> 00:02:53.464 United States, kids get free breakfast and free school meals. 00:02:54.632 --> 00:02:58.553 One in five kids in this country go to school to bed hungry. 00:02:58.845 --> 00:03:01.556 That number, unfortunately, is going in the wrong direction. 00:03:02.473 --> 00:03:06.477 It's a real issue and I think there can be a lot to be done in 00:03:06.477 --> 00:03:09.480 this country and it's a big point of leverage. 00:03:09.689 --> 00:03:13.193 The other thing that we're really continuing to work in, 00:03:13.193 --> 00:03:16.988 but deepening and expanding our work is around the Indigenous 00:03:16.988 --> 00:03:17.822 Food Justice. 00:03:18.114 --> 00:03:22.285 So we have about 30 grantee partners which are working in 00:03:22.285 --> 00:03:26.289 Hawaii, in Alaska, and in different tribal reservations 00:03:26.289 --> 00:03:30.376 across the country to really help reclaim and rematriate 00:03:30.376 --> 00:03:35.048 traditional indigenous wisdom on healthy food and how to cook it 00:03:35.048 --> 00:03:36.257 and to gather it. 00:03:36.674 --> 00:03:41.012 And it's not only really to support indigenous communities 00:03:41.012 --> 00:03:46.059 and the kids there, but also to make everybody healthier overall. 00:03:46.267 --> 00:03:47.060 Thank you so much.