NonprofitsThe Mastercard Foundation

International, Foreign Affairs & National Security

The Mastercard Foundation

CANADA

Total revenue

$6.5B

Total expenses

$1.6B

Net assets

$50.3B

Grants received

EIN

980543843

Tax year

2024

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.

Programs

5 programs

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.

Expenses: $35.9MGrants: $35.9M

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.

Expenses: $35.7MGrants: $35.7M

Other financial inclusion programs

Expenses: $405.7MGrants: $405.7M

Other youth learning programs

Expenses: $890.6MGrants: $890.6M

Other Program services Expenses incl. direct imple

Expenses: $113.6M

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue
Investment income$6.5B
Other revenue$768K
Total revenue$6.5B

Expenses

Grants paid$1.4B
Salaries & benefits$79.9M
Fundraising
Other expenses$143.3M
Total expenses$1.6B
Total assets$50.3B
Net assets$50.3B

People

25 listed

NameRoleCompensation

REETA ROY

PRESIDENT AND CEO

Board

$1.3M

60 hrs/wk

PETER MATERU

CHIEF PROGRAM OFFICER

Board

$754K

55 hrs/wk

DOUGLAS KASAMBALA

CHIEF FINANCIAL OFFICER

Board

$640K

55 hrs/wk

OLUWOLE ONABOLO

GENERAL COUNSEL

Board

$578K

55 hrs/wk

ZEIN ABDALLA

BOARD CHAIR

Board

6 hrs/wk

SEWIT AHDEROM

DIRECTOR

Board

3 hrs/wk

VALERIE AMOS

DIRECTOR

Board

3 hrs/wk

LOUISE ARBOUR

DIRECTOR

Board

3 hrs/wk

JENNIFER FONSTAD

DIRECTOR

Board

3 hrs/wk

TSEGA GEBREYES

DIRECTOR

Board

3 hrs/wk

JAY IRELAND

DIRECTOR

Board

3 hrs/wk

ELLEN JOHNSON SIRLEAF

DIRECTOR

Board

3 hrs/wk

MICHAEL SABIA

DIRECTOR

Board

3 hrs/wk

ROBIN WASHINGTON

DIRECTOR

Board

3 hrs/wk

CAROLE WAMUYU WAINAINA

DIRECTOR

Board

3 hrs/wk

WARIKO WAITA

DIRECTOR PAC - ED.&TRANSITIONS

Staff

$527K

55 hrs/wk

TINA MUPARADZI

EXEC. DIRECTOR-ED.&TRANSITIONS

Staff

$487K

55 hrs/wk

JENNIFER RAMNATH

CHIEF, DIGITAL AND INFO. OFF.

Staff

$485K

55 hrs/wk

SERGE AUGUSTE KOUAKOU

COUNTRY DIRECTOR, SENEGAL

Staff

$465K

55 hrs/wk

AMOS ODERO

HEAD - PAN AFTRICA PROGRAMS

Staff

$452K

55 hrs/wk

DAVID BAGENDA

SENIOR DIRECTOR, FINANCE

Staff

$450K

55 hrs/wk

OMOTADE AKIN AINA

CHIEF IMPACT&RESEARCH OFFICER

Staff

$351K

55 hrs/wk

JULIE GICHURU

CHIEF PUBLIC AFFAIRS&COMMUNICA

Staff

$341K

55 hrs/wk

SCONAID MCGEACHIN

CHIEF PUBLIC AFFAIRS&COMMUNICA

Staff

$300K

55 hrs/wk

LINDA OSODO

AG. CHIEF PEOPLE&CULTURE OFFIC

Staff

$239K

55 hrs/wk

Independent contractors

Deloitte LLP

Consulting Services

$16.8M

Mastercard Foundation Asset Managem

Asset Management Se

$15.2M

McKinsey and Company Inc Africa Pr

Consulting Services

$8.1M

Elixirr Consulting Limited

IT Consulting

$4.4M

Charleston Travel Limited

TRAVEL SERVICES

$3.9M

Details

EIN980543843
NTEE codeQ32
Subsection04
Ruling date2010-04
Formed2005
Employees1
THE MASTERCARD FOUNDATION — Mission, Financials & Grants Received | Grantivo