Among his many legacies was that of his Newman’s Own corp. and its pledge to donate 100% of its profits to charity—at the time, unprecedented for a major corporation—as well as his establishment of the Hole In The Wall Gang Camps for cancer-suffering or terminally-ill children. Here’s a Newman quote that exemplifies this life orientation: “I’m not running for sainthood. I just happen to think that in life we need to be a little like the farmer, who puts back into the soil what he takes out.”
Similarly, there are lessons here for the for-profit business as well. Corporate giving is more than something to be used to improve your company’s image. Even if a company can only give a small percentage, this can be another effective way to fulfill your company mission, thank your customers, and live out your brand—based on who you give to, when, and why. Businesses that are aware of and thoughtfully honor their social contracts create a win-win both for the health of their business and for the public. See the international forum Comittee Encouraging Corporate Philanthropy (CECP) for established standards for giving, trends, and further information or support; see also the annual Social Capitalist Awards, sponsored by Fast Company, and the Social Responsibility area of their website for more proof of this effective act of business leadership.