Francesco Risso will become creative director of the label.
The designer has worked for Ellie Saab, Porsche Design and Kenneth Cole.
He will succeed John Anderson, who retires in September following 32 years with the San Francisco-based jeans and sportswear firm.
The foundation honored Gwyneth Paltrow and Russell Simmons for their contributions.
Judges sifted through more than 1,200 submissions to crown eight lucky winners of the fifth annual Independent Handbag Designer Awards.
Self editor in chief Lucy Danziger was in a celebratory mood at the party feting her 10th year at the title.