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
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
No grants recorded for .
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
Related Funders
Similar funders by location and focus area
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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