EIN 98-0543843

Mastercard Foundation

IRS 501(c) type
501(c)(4)
Num. employees
3
City
Canada
State
Year formed
2005
Most recent tax filings
2022-12-01
NTEE code, primary
Description
The Mastercard Foundation advances youth education and promotes financial inclusion for financially disadvantaged persons and communities. Its partnership with Ashesi University Foundation Canada and Ashesi University in Ghana expands education collaboration to include 140 universities. The Foundation's partnership with UNICEF will lead the procurement and delivery of vaccine doses for the Saving Lives and Livelihoods initiative.
Total revenues
$424,109,307
2022
Total expenses
$1,377,301,145
2022
Total assets
$29,242,305,789
2022
Num. employees
3
2022

Program areas at Mastercard Foundation

Mastercard Foundation's partnership with Ashesi University Foundation Canada and Ashesi University in Ghana is an education initiative that will enable Ashesi to expand its education collaborative to include at least 140 universities. The collaborative drives systems change and influences education policies in Africa and beyond. The initiative will also provide scholarships to approximately 1,000 Scholars over ten years and enable 400 young people to scale their ventures through Ashesi's Venture Incubator program.
Mastercard Foundation's partnership with UNICEF will play a pivotal role in the success of the Saving Lives and Livelihoods initiative, leading the procurement of vaccine doses and their upstream delivery from manufacturer to port of entry. By providing vaccines to over 50 million people in Africa, the program will ensure a safe enabling environment for African youth to pursue their education and entrepreneurial goals.
Mastercard Foundation's partnership with African Leadership Group will enable 2 million young men and women in Africa to secure dignified and fulfilling work. It will also enable the development of a sustainable youth-led entrepreneurship and employment model across Africa, a model for sustainable education financing, and a blueprint for an accelerated work creation program.
Other financial inclusion programs
Other youth learning programs
Other Program services Expenses incl. direct imple

Grants made by Mastercard Foundation

GranteeGrant descriptionAmount
Grassroots Business Fund (GBF)Financial Inclusion$17,410,167
The 1818 Society Staff Relations I the World BankYouth Learning$12,705,025
Shining Hope for Communities (SHOFCO)Financial Inclusion$10,306,532
...and 22 more grants made totalling $64,185,043

Personnel at Mastercard Foundation

NameTitleCompensation
Reeta RoyBoard Member$1,112,764
David MarlowChief Operations Officer$559,153
Rosemary NduhiuBoard Member$347,448
Hassan El BouhaliSenior Director , Technology$395,818
Serge Auguste KouakouCountry Director , Senegal$450,672
...and 2 more key personnel

Financials for Mastercard Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$0
Investment income and dividends$210,729,356
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$267,926
Net gain from sale of non-inventory assets$213,112,025
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$424,109,307

Form 990s for Mastercard Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-05-03990View PDF
2021-122022-04-13990View PDF
2020-122021-05-14990View PDF
2019-122020-08-20990View PDF
2018-122019-12-26990View PDF
...and 8 more Form 990s
Data update history
November 23, 2023
Updated personnel
Identified 6 new personnel
August 9, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 20, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 3, 2023
Updated personnel
Identified 5 new personnel
June 30, 2023
Used new vendors
Identified 2 new vendors, including , and
Nonprofit Types
Grantmaking organizationsHeadquarter / parent organizations
Issues
Foreign affairsInternational development
Characteristics
Provides grantsOperates internationallyEndowed support
General information
Address
250 Yonge St Suite 2400
Canada, 00000
Website URL
mastercardfdn.org/ 
Phone
(416) 214-2857
Facebook page
TheMasterCardFoundation 
Twitter profile
@mcfoundation 
IRS details
EIN
98-0543843
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2005
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
T30: Public Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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