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Originally Posted by Likestheshiny
A nonprofit isn't necessarily a charitable organization. For example, the NFL was a tax-exempt nonprofit until very recently. Its organizational goal was to facilitate profit for other organizations, the individual teams.
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I believe you are correct. The only text have found states is that the HWF has a limited mandate for charitable purposes. Since Rolex doesn’t release any financial data we’re guessing.
These are the known Rolex charities:
The Rolex Institute (which furthers the company’s charitable activities), The Rolex Awards for Enterprise (which recognizes pioneering men and women around the world who work to improve live on Earth), and The Rolex Mentor and Protégé Arts Initiative (which supports a number of extremely talented young artists).