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The Mastercard Foundation

Social welfare
DBA: % DOUGLAS KASAMBALA
Social Welfare / Advocacy · EIN 98-0543843
OverviewMoney InMoney OutPeopleConnected OrgsPositionsInterviewEndorsements

About

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.

In care of Douglas Kasambala

Donations are NOT tax-deductible
Category
Social Welfare / Advocacy
Employees
1
Volunteers
—

Financial Snapshot

FY ending 2024-12-31
Revenue
$6.5B
Expenses
$1.6B
Assets
$50.3B
Liabilities
$35.4M

Financial history

$6.5B$3.3B$0
161718192021222324
RevenueExpenses
Latest FY2024: $6.5B · Avg: $1.3B

Foreign activity (Schedule F)

Total spent abroad$1.1B
Foreign employees672
Foreign offices8
Foreign partnership interestYes
Foreign trust interestNo
RegionActivitySpent
Sub-Saharan Africa——
North America——
Europe (Including Iceland and Greenland)——

Political & Grant Activity

Campaign Spending
—
Lobbying
—
Grants Given
$1.2B
THE MASTERCARD FOUNDATION
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Address

Toronto on M5b2l7
Canada, 00000-000

Governance

Voting board members11
Independent members11
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsYes
Equity-based compNo
Supplemental retirement planNo
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %0.0%
Permanent endowment %100.0%
Endowment held by related orgNo
Public records
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