LVMH places a high value on art and culture and demonstrates this through regular donations. “Right from the creation of LVMH, I clearly established support for the arts and culture as a key component in our development. Our commitment embodies the values that all our Maisons share – savoir-faire, excellence and creativity – and anchors them in their artistic, cultural and social environment.”- Bernard Arnault, Chairman and Chief Executive Officer of LVMH.
The group suported about ten exhibitions as “Le grande mone d’Andy Warhol and Picasso et les maitres at le Grand Palais in Paris.
In November 2013, LVMH created the LVMH Young Fashion Designer Prize, which comes with a 300,000 euro grant with a year of mentoring and is the branchild of Delphine Arnault.
LVMH underwrites other fashion competitions, including the Andam prize in France, the International Festival of Fashion and Photograph in Hyeres, France, and an investment fund for young designers created by the French Ministry of Culture and Communication.
The group also lends Stradivarius violins to young talented musicians. Maxim Vengerov and Laurent Korcia have used the instruments.
On 26 August 2019, Bernard Arnault has declared that LVMH will donate $11 million to help fight the 2019 Brazil wildfires.
During the COVID-19 crisis the group shifted its production of perfume and spirits towards hand sanitizer. This production of 12 tons has been offered to hospitals in Paris, France.