The Mastercard Foundation
93% goes to programs Strong reserves Growing revenue
The Mastercard Foundation is a 501(c)(4) organization, registered in 2010, with $6,513,121,957 in FY2024 revenue. CharityIndex grades it A, and it directs about 93% of spending to programs.
Toronto On M5b2l7, Canada, 00000 EIN 98-0543843 Since 2010
Revenue (FY2024)
$6.5B
▲ 857.4% vs prior year
International median: $227K
Expenses (FY2024)
$1.6B
Net assets
$50.3B
Employees
1
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating93% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For The Mastercard Foundation: 93% to programs earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating369 mo reserves · +75% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For The Mastercard Foundation: 369 mo reserves · +75% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For The Mastercard Foundation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For The Mastercard Foundation: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
The foundation's mission is to advance youth education and promote financial inclusion for financially disadvantaged persons and communities as a means of relieving poverty.
What they do
Mastercard foundation's partnership with transforming teaching, education and learning (t-tel) will support improving the quality of teaching and learning in ghanaian secondary education institutions. this will enable 2.9 million secondary education graudates to obtain the 21st century skills and competencies needed for lifelong learning, employability, and adult life.
Mastercard foundation's partnership with inuit tapiriit kanatami will support the launch and long-term sustainability of inuit nunangat university (inu). inu will be the first inuit institution grounded in inuit language and culture and it will deliver innovative education and training relevant to youth and inuit economic and community priorities.
Other program services expenses incl. direct imple
Contact & location
- Address
- Toronto On M5b2l7, Canada, 00000
- City
- —
- State
- —
- Subcategory
- International Development & Relief
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $127.2M (FY2016) to $6.5B (FY2024) across 9 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $35.4MNet assets $50.3B
Operating margin
74.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$50.3B
Total liabilities
$35.4M
Net assets
$50.3B
Salaries & benefits
$79.9M
5% of expenses
Board members
11
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $6,513,121,957▲857% | $1,633,430,674▲6.5% | $50,285,520,791▲19.2% | $50,320,893,084▲19.3% | 990 |
| 2023 | $680,266,338▲60.4% | $1,533,523,522▲11.3% | $42,170,917,519▲44.3% | $42,194,078,620▲44.3% | 990 |
| 2022 | $424,109,307▲0.3% | $1,377,301,146▼7.9% | $29,234,312,416▼5.1% | $29,242,305,789▼5.1% | 990 |
| 2021 | $422,948,756▲18.5% | $1,496,169,880▲57.9% | $30,789,541,420▼2.2% | $30,798,947,472▼2.2% | 990 |
| 2020 | $356,789,232▲85.7% | $947,737,147▲165% | $31,471,459,731▲14.1% | $31,477,405,206▲14.1% | 990 |
| 2019 | $192,147,513▲71.2% | $357,605,773▲20.2% | $27,588,255,174▲58.6% | $27,598,914,371▲58.6% | 990 |
| 2018 | $112,205,391▼12.0% | $297,523,351▼2.1% | $17,395,827,330▲24.2% | $17,401,495,233▲24.3% | 990 |
| 2017 | $127,535,564▲0.2% | $303,912,742▲9.5% | $14,000,979,006▲45.0% | $14,004,487,207▲45.0% | 990 |
| 2016 | $127,229,109 | $277,608,573 | $9,658,627,685 | $9,660,981,405 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Reeta Roy — $1,335,867 (0.08% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Reeta Roy | President and Ceo | 60 | $1,335,867 |
| Peter Materu | Chief Program Officer | 55 | $754,437 |
| Douglas Kasambala | Chief Financial Officer | 55 | $640,431 |
| Oluwole Onabolo | General Counsel | 55 | $577,806 |
| Wariko Waita | Director Pac - Ed.&transitions | 55 | $526,548 |
| Tina Muparadzi | Exec. Director-ed.&transitions | 55 | $487,201 |
| Jennifer Ramnath | Chief, Digital and Info. Off. | 55 | $484,759 |
| Serge Auguste Kouakou | Country Director, Senegal | 55 | $464,912 |
| Amos Odero | Head - Pan Aftrica Programs | 55 | $452,003 |
| David Bagenda | Senior Director, Finance | 55 | $449,916 |
| Omotade Akin Aina | Chief Impact&research Officer | 55 | $350,977 |
| Julie Gichuru | Chief Public Affairs&communica | 55 | $340,902 |
| Sconaid Mcgeachin | Chief Public Affairs&communica | 55 | $299,524 |
| Linda Osodo | Ag. Chief People&culture Offic | 55 | $239,494 |
| Carole Wamuyu Wainaina | Director | 3 | — |
| Ellen Johnson Sirleaf | Director | 3 | — |
| Jay Ireland | Director | 3 | — |
| Jennifer Fonstad | Director | 3 | — |
| Louise Arbour | Director | 3 | — |
| Michael Sabia | Director | 3 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Deloitte LLP | Consulting Services | $16,848,289 |
| Mastercard Foundation Asset Managem | Asset Management Se | $15,220,844 |
| Mckinsey and Company Inc Africa Pr | Consulting Services | $8,092,867 |
| Elixirr Consulting Limited | It Consulting | $4,426,239 |
| Charleston Travel Limited | Travel Services | $3,933,520 |
Grants made · $270.4M in FY2024
52 grants totaling $270.4M in FY2024 — showing the 15 largest. All grants made by The Mastercard Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| Arizona State University | Youth learning | $40,434,702 |
| Unicef the United Nations Children's Fund | Youth learning | $35,000,000 |
| One Acre Fund | Financial inclusion | $22,673,980 |
| Inkomoko | Financial inclusion | $18,133,840 |
| Regents of the University of California | Youth learning | $14,999,999 |
| Global Energy Alliance For People & Planet (geapp) | Youth learning | $12,199,289 |
| American University of Beirut | Youth learning | $12,000,000 |
| Corpsafrica | Youth learning | $10,338,483 |
| American University of Beirut | Youth learning | $10,319,223 |
| Heifer Project International | Youth learning | $9,804,050 |
| Trustees of Tufts College | Youth learning | $9,434,798 |
| Global Give Back Circle | Youth learning | $8,713,490 |
| United Nations Capital Development Fund | Youth learning | $7,211,644 |
| Capitalplus Exchange Corporation | Financial inclusion | $7,000,000 |
| United Nations Development Programme | Financial inclusion | $6,434,649 |
Frequently asked questions
- Is The Mastercard Foundation a legitimate nonprofit?
- Yes. The Mastercard Foundation is a 501(c)(4) organization registered with the U.S. Internal Revenue Service under EIN 98-0543843.
- What is The Mastercard Foundation's EIN?
- The Mastercard Foundation's Employer Identification Number (EIN) is 98-0543843.
- How much revenue does The Mastercard Foundation report?
- The Mastercard Foundation reported $6,513,121,957 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of The Mastercard Foundation's spending goes to programs?
- The Mastercard Foundation spends about 93% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does The Mastercard Foundation have?
- CharityIndex grades The Mastercard Foundation A, based on program efficiency and fundraising cost.
- How much does The Mastercard Foundation's highest-paid employee make?
- The highest reported compensation on The Mastercard Foundation's latest Form 990 is $1,335,867, paid to Reeta Roy (President and Ceo).
Explore more
Data for The Mastercard Foundation (EIN 98-0543843) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.