The MasterCard Foundation

Headquarters Location: 
Year established: 
2006
Funder Type: 

The MasterCard Foundation is an independent foundation based in Toronto, Canada, with the vision to create the opportunity for all to learn and prosper. The MasterCard Foundation promotes financial inclusion and the advancement of youth learning in developing countries, primarily in Africa. Established in 2006 through the generosity of MasterCard Worldwide when it became a public company, the Foundation is independent from the company.  Its policies, operations, and funding decisions are determined by its own Foundation Board of Directors, President, and CEO.

Program Areas:

  • Financial Inclusion: The goal of the Financial Inclusion Program is to expand access to microfinance and a broad range of financial services to improve the quality of life for people of all ages in Sub-Saharan Africa.  The Foundation's partnerships are building sustainable financial institutions, improving access to appropriate financial services for young people, and promoting responsible finance. 
     
  • Youth Learning: The goal of the Youth Learning Program is to prepare young people in Sub-Saharan Africa to engage in the economy and lead change in their communities. The Foundation's partnerships are scaling access to education, developing skills of out-of-school youth, and connecting youth to jobs. 

Funding Priorities

Primary funding mechanism: 
Range of typical investment size: 
$1 million and up
Typical length of investment: 
Most are for longer than 3 years of guaranteed support
Size of overall portfolio: 
$1 million and up
Breakdown of funding portfolio: 
Geography: 
100% in Sub-Saharan Africa
Type of Investment: 

100% Grants

CEI Programs receiving funding: