The Mastercard Foundation

The Mastercard Foundation 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 12/2019, Mastercard Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 12/2019, Mastercard Foundation generated $192.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $357.6m during the year ending 12/2019. While expenses have increased by 11.6% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Mastercard Foundation has awarded 163 individual grants totaling $280,199,203. 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

2019

Describe the Organization's Mission:

Part 3 - Line 1

THE MASTERCARD FOUNDATION ADVANCES YOUTH LEARNING AND FINANCIAL INCLUSION TO CATALYZE PROSPERITY IN DEVELOPING COUNTRIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MASTERCARD FOUNDATION PARTNERS WITH KCB FOUNDATION IN FINANCIAL INCLUSION. THE PROGRAM PROVIDES YOUNG PEOPLE WITH TECHNICAL TRAINING IN AGRICULTURE, CONSTRUCTION AND/OR MANUFACTURING, CREATING NEW ENTERPRISES THAT WILL IN TURN RECEIVE BUSINESS DEVELOPMENT SERVICES AND ACCESS TO FINANCE.


MASTERCARD FOUNDATION PARTNERS WITH EQUITY BANK (KENYA) LIMITED IN FINANCIAL INCLUSION. THE PROGRAM PROVIDES FINANCIAL LITERACY AND ENTREPRENEURSHIP TRAINING, BUSINESS DEVELOPMENT SERVICES, AND ACCESS TO FINANCE.


MASTERCARD FOUNDATION PARTNERS WITH CELLULANT NIGERIA LIMITED IN FINANCIAL INCLUSION. THE PROGRAM EXPANDS ACCESS TO FINANCIAL SERVICES FOR THE POOR USING A DIGITAL PLATFORM TO PROVIDE MARKET INFORMATION TO SMALLHOLDER FARMERS IN NIGERIA.


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The Mastercard Foundation Board, Officers & Key Employees

Name (title)Compensation
Kimberley Kerr
Education Lead
$166,204
Louise Arbour
Director
$0
Reeta Roy
President/ceo
$1,029,680
Lindsay Wallace
Head Of Impact
$206,502
James Cooke
Head Of Finance Operations
$182,582
Sergio Gomez
Head Of It
$169,746
Vendor Name (Service)Compensation
Mckinsey Company Canada
Consulting Services
$4,831,424
Proof Strategies Inc
Public Relations
$1,199,474
Intersect Productions Inc
Public Relations
$533,500
Dalberg South Africa
Consulting Services
$4,078,411
Millennium Travel Pty Ltd
Travel, Conference
$841,435
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 $150,751,007
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $214,728
Net Gain/Loss on Asset Sales $41,181,778
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $192,147,513

The Mastercard Foundation Grants Awarded

Over the last fiscal year, The Mastercard Foundation has awarded $66,241,794 in support to 44 organizations.

Grant RecipientAmount

ARIZONA STATE UNIVERSITY

PURPOSE: Youth learning

$7,190,314

New York, NY

PURPOSE: YOUTH LEARNING

$6,760,935

INTERNATIONAL YOUTH FOUNDATION

Org PageRecipient Profile

Baltimore, MD

PURPOSE: Youth Learning

$4,674,291

Portland, OR

PURPOSE: Financial Inclusion

$3,802,858

COOPERATIVE HOUSING FOUNDATION(GLOBAL COMMUNITIES)

Org PageRecipient Profile

Silver Spring, MD

PURPOSE: Youth Learning

$3,636,794

HEIFER PROJECT INTERNATIONAL

Org PageRecipient Profile

Little Rock, AR

PURPOSE: Youth Learning

$3,544,315
View Grant Profile

Endowment Analysis

Beg. Balance$17,386,501,173
Earnings$10,363,751,993
Admin Expense$19,350
Other Expense$192,066,903
Ending Balance$27,558,166,913

The Mastercard Foundation Peer Organizations

Organization NameAssets
The Oxford Funds
$932,367,917
Jewish Agency For Israel
$367,097,000
The Mastercard Foundation
$192,147,513
World Economic Forum
$338,156,853
Centro Internacional De Mejoramiento De Maiz Y Trigo Df
$109,467,248
Joint Israel
$81,220,000
International Potato Center
$68,273,348

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