The Movado Group Foundation
The Movado Group Foundation is a private corporate foundation based in Paramus, New Jersey, established in 2014. It operates as a 501(c)(3) organization and serves as the philanthropic arm of Movado Group, Inc., a publicly traded company that designs, manufactures, and distributes Swiss watches and watch brands globally.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.9M
-29.8% YoY
Annual Giving
$934K
-24.5% YoY
Grant Count
24
-17.2% YoY
Avg Grant Size
$39K
-8.7% YoY
Under IRS private-foundation payout rules, The Movado Group Foundation reported a distributable amount of $120K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation does not maintain a publicly stated mission statement. However, its grantmaking reflects support for:
- Performing Arts: Lincoln Center for the Performing Arts
- Health & Medical Research: Breast Cancer Research Foundation (WNET)
- Community & Social Services: Various charitable organizations
The foundation's giving aligns with Movado Group's corporate "Make Time" initiative, announced in 2022, which aims to empower employees, evolve the business, and enrich people's lives through support for cultural institutions and charities.
Grantmaking
The foundation makes charitable contributions to established organizations rather than accepting unsolicited grant applications.
Grant Range
$500–$507,000
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in New York, New Jersey, and Mississippi.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024
- Total Assets: $1,940,550
- Total Revenues: $112,138
- Total Expenses: $937,768
- Total Liabilities: $0
As of 2023
- Total Assets: $2.77 million
- Total Revenues: $1.96 million
- Total Expenses: $1.24 million
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,940,550 | $2,766,180 | $2,033,344 |
| Revenue | $112,138 | $1,963,821 | $1,382,038 |
| Expenses | $937,768 | $1,238,836 | $1,332,072 |
| Qualifying Distributions | $921,780 | $1,215,736 | $1,321,175 |
| Net Investment Income | $108,670 | $190,721 | $121,141 |
| Distributable Amount | $120,281 | $157,872 | $147,425 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
128 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Lincoln Center for the Performing A ($260,000), Breast Cancer Research Foundation ($117,700), American Jewish Committee ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Fashion Scholarship Fund New York, NY | DONATION | $15,000 |
| Jewish Museum New York, NY | Charitable Contribution | $25,000 |
| MCC Theater New York, NY | Charitable Contribution | $6,000 |
| Breast Cancer Research Foundation New York, NY | Charitable Contribution | $117,700 |
| American Jewish Committee Millburn, NJ | Donation | $100,000 |
| Baby2Baby Los Angeles, CA | Donation | $25,000 |
| Earth Share of New Jersey Trenton, NJ | Charitable Contribution | $1,100 |
| Everytown For Gun Safety Support Fund New York, NY | Donation | $25,000 |
| Fresh Air Fund New York, NY | Charitable Contribution | $1,000 |
| GLSEN New York, NY | Charitable Contribution | $25,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Efraim Grinberg - Chairman of the Board of Directors and Chief Executive Officer of Movado Group, Inc. (parent company)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Efraim Grinberg | Director | 0.5 | — |
| Sallie DeMarsilis | Director | 0.5 | — |
| Mitchell Sussis | Director | 0.5 | — |
Recent News & Activity
Recent developments and announcements
Movado Group published its 2024 Corporate Responsibility Report in October 2024, detailing progress on the company's "Make Time" initiative. The report highlighted achievements including:
Movado Group Publishes 2025 Corporate Responsibility ReportTracking and accounting for over 964,000 kg of product materials, finished goods, components, and packaging
Removing polybags from 1 million gift boxes, eliminating 2,245 kg of plastic from the value chain
Recycling 89 grams of diamonds, 40 kg of precious metals, and 3 tons of stainless steel and other non-precious metals
The foundation's grantmaking reflects the parent company's commitment to strengthening employee engagement, assessing environmental impacts, nurturing future generations, and fostering cultural and performing arts through fiscal year 2026.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Movado Group Foundation fund?
The foundation does not maintain a publicly stated mission statement. However, its grantmaking reflects support for: • **Performing Arts**: Lincoln Center for the Performing Arts • **Health & Medical Research**: Breast Cancer Research Foundation (WNET) • **Community & Social Services**: Various charitable organizations The foundation's giving aligns with Movado Group's corporate "Make Time" initiative, announced in 2022, which aims to empower employees, evolve the business, and enrich people's …
How do I apply for a grant from The Movado Group Foundation?
**Grant Activity (2024)** • Total giving: $921,780 • Number of grants: 27 • Typical grant range: $500–$507,000 **Recent Grants (2024)** • The Breast Cancer Research Foundation: $117,700 • American Jewish Committee (AJC): $100,000 • Christian McCaffrey Foundation: $50,000 The foundation makes charitable contributions to established organizations rather than accepting unsolicited grant applications.
Where does The Movado Group Foundation make grants?
The foundation primarily funds organizations in New York, New Jersey, and Mississippi.
What size grants does The Movado Group Foundation award?
In 2024, The Movado Group Foundation awarded 24 grants totaling $934K — an average of about $39K per grant, based on its IRS Form 990 filings.
How much is The Movado Group Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Movado Group Foundation reported a distributable amount of $120K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Movado Group Foundation's EIN?
The Movado Group Foundation's EIN (Employer Identification Number) is 22-3321221. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Movado Group Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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