The MasterCard Foundation
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.
- 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.
Areas of engagement in non-state educationEducational TechnologyGirls' EducationLow-Cost Private SchoolsSkills for WorkCurriculum reform/designEducation FinancingOut-of-School ChildrenPublic-Private PartnershipsSecondary EducationDeliveryFinancingStudent supportSchool supportLower secondaryUpper secondaryPost-secondary non-tertiaryShort-cycle tertiaryBachelor or equivalentMaster/doctoral or equivalentConducting/commissioning evaluationConducting/commissioning researchProviding funding for non-state programsProviding general sector support (e.g., sharing of best practices, networking)Not-for-profitNGOEarly Stage ProgramsPilot Programs (e.g. testing new models/ideas)Programs ready to replicate to new settingsPrograms ready to scale upPrograms that have already scaled
Funding PrioritiesGrants$1 million and upMost are for longer than 3 years of guaranteed support$1 million and up