Mikimoto is the world-renowned Japanese empire founded by Kokichi Mikimoto in 1893. Mr. Mikimoto was the first to develop a technique for the cultivation of pearls. Today, almost all pearls sold worldwide are cultured pearls. Mikimoto remains the world leader in superior-quality pearl jewellery and cultured pearls, and is internationally respected for its product design, crafting techniques and strict quality control.
Though its fame is worldwide, the Tournament of Roses remains true to its hometown origins. In 1983, the Association created the Tournament of Roses Foundation, a non-profit corporation, to receive contributions from members, friends, supporters and the general public. The Foundation makes annual grants to non-profit organizations in Pasadena area communities by funding sports and recreation, visual and performing arts, and volunteer motivation and leadership development projects and programs. These broad categories allow the Foundation to contribute to the civic, cultural and educational advancement of Pasadena area communities. To date, the Tournament of Roses Foundation has granted over 2 million dollars for diverse projects and programs to over 130 organizations.