The actor Paul Newman has donated his ownership in Newman’s Own, a food company, to his foundation — a gift valued at $120-million, reports Fox News.

The Newman’s Own Foundation received the donation over 2005 and 2006, Fox News reports. The announcement comes amid reports that Mr. Newman is ailing from cancer, which the actor has not confirmed or denied.

The news channel says that Mr. Newman donated $8,746,500 to organizations that support children, hurricane relief in the Gulf Coast, education, and the arts, according to a 2006 federal tax filing by Newman’s Own. He also founded the Hole in the Wall Gang camps in the United States and Botswana for poor and sick children.