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
Personnel at Mastercard Foundation
Name | Title | Compensation | Date of data |
---|
Reeta Roy | Board Member | $1,112,764 | 2023-11-23 |
David Marlow | Chief Operations Officer | $559,153 | 2022-12-31 |
Rosemary Nduhiu | Board Member | $347,448 | 2023-11-23 |
Hassan El Bouhali | Senior Director , Technology | $395,818 | 2022-12-31 |
Serge Auguste Kouakou | Country Director , Senegal | $450,672 | 2022-12-31 |
...and 2 more key personnel |
Financials for Mastercard Foundation
Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
---|
Total grants, contributions, etc. | $0 | $0 | - |
Program services | $0 | $0 | - |
Investment income and dividends | $210,729,356 | $191,981,967 | 9.8% |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $0 | $0 | - |
Net rental income | $267,926 | $235,933 | 13.6% |
Net gain from sale of non-inventory assets | $213,112,025 | $230,730,856 | -7.6% |
Net income from fundraising events | $0 | $0 | - |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $0 | $0 | - |
Total revenues | $424,109,307 | $422,948,756 | 0.3% |
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Jewish Community Foundation of Greater Metrowest NJ (JCF) | 501(c)(3) | Whippany, NJ | $283,775,542 |
Pew Memorial Trust | 501(c)(3) | Philadelphia, PA | $441,616,485 |
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University of Arizona Foundation | 501(c)(3) | Tucson, AZ | $279,111,154 |
Charities Aid Foundation of America | 501(c)(3) | Alexandria, VA | $754,327,499 |
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/Â
- Phone
- (416) 214-2857
- Facebook page
- TheMasterCardFoundationÂ
- Twitter profile
- @mcfoundationÂ
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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