The Mastercard Foundation

Organization Overview

The Mastercard Foundation is located in null. The organization was established in 2010. According to its NTEE Classification (Q32) the organization is classified as: International Economic Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Mastercard Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mastercard Foundation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 12/2021, Mastercard Foundation generated $422.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.2% each year . All expenses for the organization totaled $1.5b during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Mastercard Foundation has awarded 245 individual grants totaling $1,313,242,488. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION'S MISSION IS TO ADVANCE YOUTH EDUCATION AND PROMOTE FINANCIAL INCLUSION FOR FINANCIALLY DISADVANTAGED PERSONS AND COMMUNITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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 ASHESI UNIVERSITY FOUNDATION CANADA AND ASHESI UNIVERSITY IN GHANA IS AN EDUCATION INITIATIVE THAT WILL ENABLE ASHESI TO EXPAND ITS EDUCATION COLLABORATIVE TO INCLUDE 100 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 CARNEGIE MELLON UNIVERSITY (CMU) IN RWANDA IS AN EDUCATION INITIATIVE THAT INCLUDES AN ENDOWMENT TO SUSTAIN THE EDUCATION OF STUDENTS AT CMU-AFRICA AND ACTIVITIES THAT WILL ACCELERATE INCLUSIVE DIGITAL TRANSFORMATION IN AFRICA. THIS REGIONAL INITIATIVE WILL BE AN INTEGRAL DRIVER OF THE FOUNDATION'S DIGITAL ECONOMY STRATEGY.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Engage Communications Ltd
Public Relations Ser
$11,025,814
Mckinsey Company Canada
Consulting Services
$6,459,394
Deloitte Llp
Consulting Services
$3,218,713
Mckinsey And Company Inc Africa Pr
Consulting Services
$2,958,000
Dalberg South Africa
Consulting Services
$1,083,944
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $191,981,967
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $235,933
Net Gain/Loss on Asset Sales $230,730,856
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $422,948,756

Grants Awarded

Over the last fiscal year, The Mastercard Foundation has awarded $782,198,623 in support to 39 organizations.

Grant RecipientAmount

UNICEF THE UNITED NATIONS CHILDREN'S FUND

PURPOSE: Youth Learning

$661,117,500

CARNEGIE MELLON UNIVERSITY

Org PageRecipient Profile

Pittsburgh, PA

PURPOSE: Youth Learning

$63,329,090

ARIZONA STATE UNIVERSITY

PURPOSE: Youth Learning

$18,431,890

UNIVERSITY OF CALIFORNIA BERKELEY

Org PageRecipient Profile

Oakland, CA

PURPOSE: youth learning

$11,000,000

ARIZONA STATE UNIVERSITY

PURPOSE: Youth Learning

$3,069,877

BANKABLE FRONTIER ASSOCIATES LLC

PURPOSE: FINANCIAL INCLUSION

$2,161,380
View Grant Profile

Endowment Analysis

Beg. Balance$31,355,848,119
Earnings$391,302,813
Other Expense$1,070,148,760
Ending Balance$30,677,002,172

Peer Organizations

Organization NameAssets
World Economic Forum
$313,653,139
Jewish Agency For Israel
$776,821,000
The Oxford Funds
$507,723,958
American Hospital Of Paris
$151,480,983
Joint Israel
$114,475,000
Alliance For A Green Revolution In Africa
$92,216,743
International Crops Research Institute For The Semi-Arid Tropic
$61,377,231
Fundacion De La Universidad Del Valle De Guatemala
$67,532,901
International Rice Research
$55,118,474
International Vaccine Institute
$52,033,675

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