The MasterCard Foundation

Mission

Giving primarily to enable people living in poverty to improve their lives by expanding their access to microfinance and education

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Background

Established in 2006 - The foundation was established through a generous gift of shares from MasterCard Worldwide at the time of the company’s initial public offering in 2006. Based in Toronto, Canada, the Foundation operates independently of MasterCard Worldwide. Foundation policies, operations and programming decisions are determined by their Board of Directors with their President and CEO.

Grantmaking Programs

MasterCard Foundation Scholars Program

This program provides young people from economically disadvantaged communities, particularly from Africa, who have demonstrated academic talent and leadership potential with access to quality and relevant education.