June 11, 2008 by Tim Saunders

Actor Paul Newman has donated the entire value of his ownership in Newman's Own - his company famous for salad dressings - to charity.

The star of Road To Perdition and Butch Cassidy and the Sundance Kid founded Newman's Own Food Company in 1982, producing a range of popular dressings and sauces, with all profits - $200 million so far - going to charity. The millions of dollars raised through the venture every year go to thousands of charities around the world, and now $120 million will be donated to beneficiary organizations.

Much of Newman's money goes to the Hole in the Wall Gang summer camps the actor established in 1988. The camps allow ill children to participate in activities such as boating, fishing, swimming, archery, arts and crafts, woodworking, performing arts, horseback riding, overnight camping and group adventures, all while receiving superior 24-hour medical care free of charge. More than 100,000 children from 31 countries have attended the Hole in the Wall camps.

Newman also hit headlines last year when he donated $40,000 to a Breast Care Center in Wales.