#234 of 500 · Foundation / Grantmaker / DAF

The Mastercard Foundation

EIN 98-0543843 · · NTEE Q32 · Form 990, fiscal 2023

One of the world's largest foundations, established with an endowment from Mastercard Incorporated. It advances education and financial inclusion in developing countries and supports Indigenous youth in Canada. Its Young Africa Works strategy aims to enable 30 million young people, particularly young women, refugees and people with disabilities, across Africa to access dignified and fulfilling work by 2030, working through partnerships with educational institutions, youth-led organizations and enterprises.

Financials, fiscal 2023

Revenue

$680.3M

Expenses

$1.53B

Total assets

$42.19B

Net assets

$42.17B

Operating margin

-125.4%

1-year growth

60.4%

5-year growth (CAGR)

37.2%

Reserve (years of spending)

330.0

Contributions share

n/a

Programme spending

0.0%

Fundraising cost

n/a

Executive pay share

0.30%

Employees

2

Revenue per employee

$340.1M

Grants paid

$190.3M

Years filing

13

NFP Health Score: 85 / 100

Financial 75 · Governance 100 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Mission

To advance education and financial inclusion, seeking a world where everyone has the opportunity to learn and prosper.

Revenue history