Rolex S. A. is a Private Foundation.
In order to maintain this designation it must file an annual plan for how it re-invests, and how it donates/gives it's designated income as grants, gifts, and donations.
It must give out the percentages as defined in their governing documents in order to maintain this status.
Because it is private, it does not need to disclose to anybody but the government, which approves this designation, where and how it operates.
__________________
(Chill ... It's just a watch Forum.....)
NAWCC Member
|