EIN 98-0543843

Mastercard Foundation

IRS 501(c) type
501(c)(4)
Num. employees
2
City
Canada
State
Year formed
2005
Most recent tax filings
2023-12-01
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
$680,266,338
2023
Total expenses
$1,533,523,522
2023
Total assets
$42,194,078,620
2023
Num. employees
2
2023

Program areas at Mastercard Foundation

Mastercard Foundation's partnership with Mennonite Economic Development Associates of Canada is an innovative fund-of-funds initiative that will invest in Africa-focused investment vehicles and provide business development services to strengthen capacity and promote inclusive growth. This initiative will provide capital to at least 20 gender-diverse African Investment Vehicle teams in priority sectors, resulting in at least 250,000 additional work opportunities for financially disadvantaged young people.
Mastercard Foundation's partnership with Camfed Canada will support 62,000 young women in Zimbabwe, Zambia, Tanzania, Ghana and Malawi in secondary education by providing them with skills that will enable them to transition into tertiary education, leadership roles, employment, or self-employment. The partnership will also enable institutions and educational systems to be more effective through evidence-based decision making, enhanced capacities, and innovation.
Mastercard Foundation's partnership with World Food Programme will provide post-harvest loss and access to market support to one million smallholder farmers across eight African countries. The partnership will also create 500,000 agricultural work opportunities for financially disadvantaged young people by reducing post-harvest losses and supporting financially disadvantaged young people to find and create new work opportunities along key agriculture value chains.
Other financial inclusion programs
Other youth learning programs
Other Program services Expenses incl. direct imple

Grants made by Mastercard Foundation

GranteeGrant descriptionAmount
African Entrepreneurship CollectiveFinancial Inclusion$28,289,078
Carnegie Mellon University (CMU)Youth Learning$22,692,711
Grassroots Business Fund (GBF)Financial Inclusion$17,497,123
...and 32 more grants made totalling $149,936,354

Personnel at Mastercard Foundation

NameTitleCompensation
Reeta RoyPresident and Chief Executive Officer$1,290,974
David MarlowChief Operations Officer$559,153
Rosemary NduhiuBoard Member$347,448
Douglas KasambalaChief Financial Officer$404,895
Julie GichuruChief Public Affairs and Commu$564,359
...and 10 more key personnel

Financials for Mastercard Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$0
Investment income and dividends$251,630,572
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$275,913
Net gain from sale of non-inventory assets$428,359,853
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$680,266,338

Form 990s for Mastercard Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-07990View PDF
2022-122023-05-03990View PDF
2021-122022-04-13990View PDF
2020-122021-05-14990View PDF
2019-122020-08-20990View PDF
...and 9 more Form 990s

Organizations like Mastercard Foundation

OrganizationLocationRevenue
Convoy of HopeSpringfield, MO$435,592,269
George Kaiser Family FoundationTulsa, OK$813,108,548
Pew Memorial TrustPhiladelphia, PA$441,616,485
AMERICAN Friends of BAR-ILAN University (AFBIU)New York, NY$277,228,798
World VisionFederal Way, WA$1,510,055,945
Orbis InternationalNew York, NY$259,872,704
United States Fund for UnicefNew York, NY$829,050,932
AmeriCares FoundationStamford, CT$1,560,789,806
Food For The Poor (FFP)Coconut Creek, FL$453,868,037
Marin Community FoundationNovato, CA$232,749,407
Data update history
July 20, 2024
Updated personnel
Identified 7 new personnel
July 14, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 9, 2024
Used new vendors
Identified 1 new vendor, including
November 23, 2023
Updated personnel
Identified 6 new personnel
August 9, 2023
Posted financials
Added Form 990 for fiscal year 2021
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
(647) 208-5154
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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