Newman donates $10M for Ohio scholarship fund

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.