Mastercard Foundation

Mastercard Foundation
Founded2006; 18 years ago (2006)
TypeCharitable organization, NGO
Location
Area served
Worldwide
Key people
Reeta Roy (President and CEO)
WebsiteMastercardfdn.org

The Mastercard Foundation is an international non-governmental organization established by Mastercard in 2006. It may be the wealthiest charitable foundation in Canada, with 2024 assets of $47 billion.[1][2]

The organization, which is based in Toronto, Ontario, has supported work in 49 countries.[3] In 2018, Mastercard Foundation shifted to a specific focus on Africa, through its Young Africa Works strategy.[4]

The foundation develops programs primarily focused on reducing gender and economic inequality, expanding access to quality education, increasing the opportunities for decent work, and supporting overall economic growth.[5][6] Funding is primarily managed with bilateral allocations through post-secondary institutions, research institutes, non-governmental organizations and the private sector, plus multilateral allocations through organizations like the numerous United Nations entities under the United Nations Sustainable Development Group.[5]

  1. ^ Rocha, Roberto; Zhu, Kayla (2023-08-04). "The richest 100 charitable foundations hold more wealth than 5,800 others". Toronto: Investigative Journalism Foundation. The Mastercard Foundation dwarfs the wealthiest charities in Canada
  2. ^ Bradshaw, James (2024-05-02). "Mastercard Foundation launches Toronto-based asset manager to oversee $47-billion in investments". Toronto: The Globe and Mail.
  3. ^ Versi, Anver (2019-08-15). "Reeta Roy – president and CEO, Mastercard Foundation". New African. Retrieved 2020-01-21.
  4. ^ Cite error: The named reference YAWOfficial was invoked but never defined (see the help page).
  5. ^ a b Cite error: The named reference OECDProfile2018 was invoked but never defined (see the help page).
  6. ^ "Our Approach". Mastercard Foundation. Retrieved 2020-01-21.