Founded | 2006 |
---|---|
Type | Charitable organization, NGO |
Location | |
Area served | Worldwide |
Key people | Reeta Roy (President and CEO) |
Website | Mastercardfdn.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]
The Mastercard Foundation dwarfs the wealthiest charities in Canada
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