Paul Newman gives $10M to Kenyon college

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AP

Paul Newman is donating $10 million to Kenyon College to help start a scholarship fund, the private liberal arts school said. Newman, 82, graduated from the central Ohio college in 1949 with a degree in drama and economics.

"My days there were among the happiest and most formative of my life," Newman said in a statement from Kenyon on Friday. "I believe strongly that we should be doing whatever we can to make all higher education opportunities available to deserving students. I hope others will support Kenyon in this manner."

The donation will fund partial and full scholarships for 15 to 20 students a year, college spokesman Shawn Presley said. The first Newman's Own scholars will be announced this summer.

Newman and his wife, Joanne Woodward, have donated privately to Kenyon in the past. The couple went public at the college's request because Kenyon hopes the contribution will spur donations from other alumni, Forrester said.

Newman has given more than $175 million to charities from the profits earned by his Newman's Own brand of dressings, pasta sauces, popcorn and salsa.

Newman, star of films including "Cool Hand Luke," "Butch Cassidy and the Sundance Kid" and "The Color of Money," said last week that he's retiring from acting after more than 50 years.

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Paul Newman FTW