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When it comes to giving back in the form of charity and cultural support, philanthropy is an intrinsic part of the Rolex culture and philosophy. Through the Hans Wilsdorf Foundation, a large percentage of the profits of the Rolex go directly to philanthropic causes. Upon the death of his wife in 1944, Wilsdorf established the Hans Wilsdorf Foundation in which he left all of his Rolex shares, *** sure that some of the company’s income would go to charity. The company is still owned by a private trust, and shares are not traded on any stock exchange. The foundations funnels much of the profits generated by Rolex into various charitable endeavors. Given that Rolex is not a publicly held company, exact numbers are not known, but it is clear they generate huge sums of money for worthy charities. Below, the descriptions of the two eminent Rolex philanthropic programs are paraphrased directly from Rolex accounts that describe the programs with a perfect balance of humility and clarity.Through its two primary philanthropic programs, the Awards for Enterprise and the Mentor and Prot��g�� Arts Initiative, Rolex fosters innovation in science, exploration, conservation, and the arts worldwide. ? The Rolex Awards for Enterprise were created to foster a spirit of enterprise and advance human knowledge and well being around the globe. They support pioneering work in five areas: science and medicine; technology and innovation; exploration and discovery; the environment; and cultural heritage. In each series, ten Awards are presented to visionary men and women whose groundbreaking projects benefit their fields of endeavor, their communities and the wider world. Winners are innovators who typically work outside the mainstream and often have limited access to traditional funding. Rather than reward past achievements, the Rolex Awards provide financial assistance and recognition to individuals embarking on new ventures or carrying out ongoing projects. Grants of $100,000 are awarded to five Laureates and $50,000 to five Associate Laureates in each series. These grants must be used to complete their projects. All ten also receive a Rolex chronometer. Each of the Laureates represent the best work being done in their field, reflecting the excellence that Rolex has accomplished with their ground-breaking watches.In 2002, Rolex launched the Rolex Mentor and Prot��g�� Arts Initiative, a global program that pairs emerging artists with masters in dance, film, literature, music, theatre and the visual arts for a year of intensive collaboration. Building on a legacy of supporting culture that dates back to the 1970s, Rolex launched the Arts Initiative to help ensure that artistic excellence is passed on to the next generation. Unparalleled in its artistic and geographic reach, the program has helped over 200 notable talents from 39 countries since its beginnings. Noting the lack of corporate support for individual artists in a multitude of disciplines, Rolex created the program to foster the next generation of artistic excellence and fill a void in arts philanthropy. Renowned artists from around the globe have participated in the program, ranging from Rolex representative and Mexican tenor Placido Domingo to Israel violinist Pinchas Zukerman. Through the Hans Wilsdorf Foundation, Rolex has expanded its influence well beyond the scope of groundbreaking watches and chronometers. Through its philanthropic programs, Rolex created a true corporate culture of giving back, leading to cultural achievements and scientific breakthroughs that have benefited the entire world.

Loupe – or the magnifier, is used to inspect the detailed markings, serial numbers, and anything we couldn’t see with our normal vision. When purchasing a jewelers loupe, look for the magnification power (a number with the symbol “X” meaning times the actual size that we would normally see). The best loupe for a Rolex would be the 10x triplet loupe (three lenses placed together for precision).
Screwdriver – used for adding/removing the links of a bracelet, thus resizing the bracelet, etc. Further, we recommend purchasing the standard jewelers “screwdriver set” that usually includes between 6 to 9 screwdrivers with blade sizes ranging from 0.60 (mm) to 3.00 (mm). We also recommend higher-end screwdrivers that have swivel tops for precision one-hand use. These sets typically come in either a plastic case or on a rotating stand for easy access.
Watch Tweezer – used for handling and gripping very small parts, inserting screws, etc.
Swiss Pocket Knife (Swiss Army) – this knife features two blades, including a non-threatening blade that is specifically made to open watch cases and the other sharp blade for general use.
Pliers and Cutter- used for detail and precision work. We recommend high-end pliers that are stainless steel with rubber grips. We highly suggest separating these tools from other use and purposes to avoid any type of damage on them, thus becoming unsuitable for watch works. The following are different types of pliers:
Chain nose pliers – probably the most popular pliers. This is often used for picking up pieces, bending and coiling wire. Also enables you to get into places without having your hand at awkward angles, thus making your work a lot harder. 
Flat nose pliers – have flat jaws and are used for pulling, holding, straightening, bending, etc. 
Round nose pliers – have circular jaws and are used for coiling, looping, and bending wires.
Cutter – often called “nippers” are mainly used for cutting wires and other smaller pieces of metal.
Polishing Kit – comes with an assortment of buffers, abrasive wheels, polishing cloths, and polishing compounds.
Watch spring bar removal tool – allows removal of springs on a bracelet allowing the user to change the bracelets/bands. Should also include the mm scale printed on the body of the tool.
“Openall” waterproof-case wrench – designed to open all Rolex oyster cases. It comes with 6 tempered rings and fits the standard bench vise. The built-in adjustable fits all sizes watches.
Case back opening wrench – another easy to use device to open Rolex oyster cases.
L-G “Openall” Waterproof Case Bench Tool – Includes 6 knurled rings, adjustable case holder built into the base.
Horotec Ergonomic Socket-Style Case Back Wrench – opens the hard to open cases.
Work Bench Table Vise – Ideal for use with the Vise-Mounted Aluminum Case Holder, or L-G “Openall” Waterproof Case Bench Tool shown separately on this page.
Vise-Mounted Aluminum Case Holder – Features high quality aluminum and anti-scratch adjustable nylon pins.
Illuminating Magnifying Glass – Best used for examining and magnifying small parts and items. It also contains an internal lamp for simple observation and analysis.
Work Bench Magnifier Lamp – Excellent tool with thoughtful design, contains a: flip down dust cover for the magnifier lens, heavy metal base for stability, flexible gooseneck design for effortless positioning and features a cool-white light to reduce eye fatigue and glare.
Personal Ultrasonic Cleaner – Easily cleans jewelry, watches and bracelets with powerful ultrasonic waves. Uses water or optional cleaning solution.
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