Skip to content
Mastercard Foundation at a glanceAlso receives grants: funding profile →

Toronto, ON · Public foundation

Mastercard Foundation

The fondation's mission is to advance youth education and promote financial inclusion for financially disadvantaged persons and communities.

C$857M
Granted FY2024still arriving
100
Grants FY2024still arriving
17
Regions reached
C$56M
Largest
01What it fundsRead
02The needRead
03Its granteesRead
04Its fieldRead
01What it funds
01FY2024 · 100 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2024

  • C$10k–50k1 grant · C$34k
  • C$50k–250k10 grants · C$1.3M
  • C$250k+89 grants · C$856M
C$4,119,201
Median grant
17
Regions reached
C$72.4B
Total assets
Largest grants
RecipientAmount
ARIZONA STATE UNIVERSITYC$55,626,150
INUIT TAPIRITT KANATAMIC$51,000,000
UNICEF THE UNITED NATIONS CHILDREN'S FUNDC$47,246,500
UNITED NATIONS HIGH COMMISSIONER FOR REFUGEESC$46,060,664
ALLIANCE OF A GREEN REVOLUTION IN AFRICAC$42,479,322
UNIVERSITY OF OXFORDC$38,703,260
AMERICAN UNIVERSITY OF BEIRUTC$31,369,398
Individual grant recipientC$31,140,734
ONE ACRE FUNDC$23,993,374
MCGILL UNIVERSITYC$22,184,339
CANADIAN UNICEF COMMITTEEC$21,195,000
WORLD FOOD PROGRAMMEC$20,485,500
UNIVERSITY OF CALIFORNIA BERKELEYC$20,173,499
Individual grant recipientC$19,260,705
DIGITAL OPPORTUNITY TRUSTC$18,173,442
02The need
02

Where the grant dollars land

At home and around the world.

Giving at home: 34% of grant dollars (C$1.5B). The 66% that went abroad (C$2.9B) is mapped below.

Which regions its grants reach

Ontario
C$1.2B
Quebec
C$95M
British Columbia
C$88M
Saskatchewan
C$20M
Nova Scotia
C$17M
Alberta
C$14M
Manitoba
C$11M
Yukon
C$4.5M
New Brunswick
C$1.1M
Northwest Territories
C$415k

Beyond home: 66% of all-years giving (C$2.9B)

9 countries, by the recipient’s country on the filing.

grant dollars sentlessmore
USC$1.4B · 53 grants
RwandaC$86M · 7 grants
EthiopiaC$77M · 18 grants
GhanaC$31M · 8 grants
AngolaC$26M · 1 grant
NigerC$17M · 1 grant
UgandaC$16M · 2 grants
KenyaC$15M · 1 grant
ChileC$6.3M · 1 grant
How this is measured
International giving is mapped by the recipient’s country from the same T3010 filings; comparable need data isn’t available at that grain.
03Its grantees
repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

83%of every dollar goes to organizations it has funded before.
C$3.7B · 83 repeat orgsC$773M to everyone else

Grantees it renews have grown median revenue +41% since the first grant, against +20% for those funded once.

83 repeat relationships: 55 still active in FY2024, 28 since wound down; 43 grantees were first funded in FY2024 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

83
63

Total granted

C$3.7B
C$520M

Median revenue growth · since first grant

+41%
+20%

Still filing today

48%
49%

New vs renewed · share of each year

In FY2024, 71% of grant dollars renewed an existing relationship; C$253M went to new ones.

50%100%’17’18’19’20’21’22’23’24
RenewedFirst-time
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new.

Backed again, and grew

  • ME
    MENNONITE ECONOMIC DEVELOPMENT ASSOCIATES OF CANADA
    5× · 2020–2024 · C$171M · revenue +23%
  • CC
    CAMFED CANADA
    4× · 2019–2023 · C$105M · revenue ×26
  • UO
    UNIVERSITY OF TORONTO
    4× · 2017–2023 · C$99M · revenue +43%

Funded once

  • AU
    ASHESI UNIVERSITY FOUNDATION CANADA
    one grant, 2022 · C$253M · revenue -75%
  • AU
    ASHESI UNIVERSITY FOUNDATION CANADA
    one grant, 2021 · C$84M
  • CM
    CHANCELLOR MASTERS ANC SCHOLARS OF THE UNIVERSITY OF CAMBRI
    one grant, 2023 · C$42M
How this is measured

Repeat means funded in two or more distinct years. Growth and survival are read from each grantee’s own subsequent CRA filings.

04Its field

Closest unfunded matches

The nonprofits that most resemble its grantees but are not funded by it, scored along the direction from the rest of the field toward the portfolio. A resemblance in what they say they do, not a recommendation.

1
University of Ottawa / UniversitÉ D'ottawa

The university of ottawa offers post-secondary education.

—
2
Universities Canada Universités Canada

Universities canada is the national voice for canadian universities. universities canada represents 96 public and private not-for-profit universities and university degree-level colleges. we are a membership organization providing…

—
3
Global Indigenous Development Trust

Global Indigenous Development Trust engages in community economic development training and empowerment partnership building education and advocacy. We work with First Peoples who drive our projects together with industry academic…

—
4
Columbia Foundation

Columbia foundation gifts qualified donees who carry out programs that invest in human and social capital for all canadians: 1. programs undertaken in education training and research and democracy 2. conducting innovative social research…

—
5
Brock University

Teaching and Research in broadly based undergraduate and graduate education programs including professional and interdisciplinary programs. The University provides education programs across seven faculties: Applied Health Sciences Business…

—
6
Pembina Institute for Appropriate Development

The Pembina Institute promotes public education and information that increases understanding about environmental and global energy issues. We provide research analysis and recommendations to inform policies and practices related to energy…

—
7
University of the Fraser Valley

The University of the Fraser Valley is a special purpose teaching university. The University is governed by a Board of Governors the majority of which are appointed by the Province of British Columbia. The primary purpose of the University…

—
8
The University of Winnipeg

Providing education

—
9
United Nations Association in Canada

United Nations Association in Canada engages citizens and decision makers at every level of Canadian society. It invests across generations bringing empathy-based educational resources and opportunities on health citizen education…

—
10
Universite Concordia

The main mission of the University is to provide post-secondary and graduate education. It engages in research public services and assists students faculties and researchers. Concordia University Faculty of Arts and Science Gina Cody…

—
11
British Columbia Institute of Technology

BCIT is a public polytechnic institute that operates across five campuses located in the Metro Vancouver region. BCIT provides post secondary education to nearly 50 000 students in subjects ranging from applied and natural sciences…

—
12
Canadian Association of University Teachers Foundation Fond ation de l'association Canadienne des professeures et professeurs d'université
—
How this is measured
The grantee most central to the portfolio’s shape is Philanthropic Foundations Canada/Fondations Philanthropiques Canada; the most unlike its peers is Handicap International. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
03the grantee network

81 grantees tracked through their own filings, 2017–2024.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2024, not grant rows in a single year, so this will not match the grant count on the cover. 81 of the 189 grantees resolved in that span have returns of their own we could reconcile.

Each grantee is resolved to its own CRA returns. Association, dated; never a causal claim.

20
Load-bearing (≥25% of a budget)
14
Early backer (in before they grew)
81/81
Grantees still filing
55/81
Grew since first funded

Each grantee by its size and the funder’s share of it; top left is load-bearing

25%50%75%100%C$1.0MC$10MC$100Mgrantee revenue →↑ funder's share of their budgetMENNONITE ECONOMIC DEVELOPMENT ASSOCIATES OF CANADA: C$170,758,831 over 5y, 7.5% of budgetUNIVERSITY OF TORONTO: C$99,046,758 over 4y, 1.4% of budgetMCGILL UNIVERSITY: C$80,032,403 over 7y, 2.1% of budgetAFRICAN INSTITUTE FOR MATHEMATICAL SCIENCES-NEXT: C$78,663,346 over 8y, 99% of budgetUNIVERSITY OF BRITISH COLOMBIA: C$59,332,183 over 5y, 1.0% of budgetINUIT TAPIRITT KANATAMI: C$53,475,000 over 2y, 14% of budgetRIDEAU HALL FOUNDATION: C$50,069,699 over 4y, 27% of budgetCOLLEGES AND INSTITUTES CANADA: C$41,305,459 over 5y, 27% of budgetCANADIAN UNICEF COMMITTEE: C$37,956,642 over 6y, 24% of budgetQUEEN'S UNIVERSITY AT KINGSTON: C$37,653,206 over 7y, 1.9% of budgetWAR CHILD CANADA: C$21,922,355 over 7y, 46% of budgetCARE CANADA: C$20,098,127 over 3y, 12% of budgetWORLD UNIVERSITY SERVICE OF CANADA: C$19,451,150 over 4y, 27% of budgetSASKATCHEWAN INDIAN INSTITUTE OF TECH: C$17,076,099 over 5y, 18% of budgetSEVEN GENERATIONS EDUCATION INSTITUTE: C$16,101,866 over 5y, 17% of budgetTHE ULNOOWEG INDIGENOUS COMMUNITIES FOUNDATION: C$15,196,512 over 5y, 84% of budgetUNIVERSITY OF LETHBRIDGE: C$14,148,124 over 6y, 2.7% of budgetARTIC FUND COLLABORATIVE (MAKEWAY CHARITABLE SOCIETY): C$13,300,233 over 5y, 15% of budgetVANCOUVER ISLAND UNIVERSITY: C$13,271,096 over 4y, 3.4% of budgetSave the Children Canada: C$13,162,155 over 1y, 25% of budgetAMREF CANADA: C$11,434,817 over 1y, 84% of budgetUNIVERSITY OF MANITOBA: C$10,794,241 over 3y, 0.4% of budgetYUKON UNIVERSITY: C$10,625,708 over 5y, 7.5% of budgetFONDATION DE L'UNIVERSITÉ LAVAL: C$5,899,117 over 2y, 5.0% of budgetOTTAWA COMMUNITY FOUNDATION: C$5,529,431 over 4y, 6.5% of budgetDIGITAL OPPORTUNITY TRUST: C$5,127,498 over 3y, 47% of budgetCARLETON UNIVERSITY: C$4,543,959 over 3y, 0.5% of budgetCanadian Bureau for International Education: C$4,387,924 over 5y, 22% of budgetCANADIAN ROOTS EXCHANGE: C$4,058,024 over 4y, 48% of budgetANNAUMA: C$3,000,000 over 3y, 36% of budgetFIRST PEOPLES' CULTURAL FOUNDATION: C$3,000,000 over 1y, 16% of budgetKW'UMUT LELUM FOUNDATION: C$3,000,000 over 3y, 100% of budgetTOSTAN CANADA: C$2,499,852 over 2y, 72% of budgetUNIVERSITY OF NEW BRUNSWICK: C$2,151,460 over 2y, 0.3% of budgetHUMANITY & INCLUSIN: C$2,001,156 over 2y, 13% of budgetFIRST NATIONS UNIVERSITY OF CANADA: C$1,782,055 over 1y, 6.1% of budgetOpportunity International Canada: C$1,671,934 over 1y, 20% of budgetCROSSROADS INTERNATIONAL: C$1,505,291 over 1y, 10% of budgetHabitat for Humanity Canada: C$1,254,206 over 1y, 4.2% of budgetMI'KMAW NATIVE FRIENDSHIP SOCIETY: C$1,000,000 over 1y, 13% of budgetUNIVERSITÉ DE MONTRÉAL: C$678,745 over 4y, 0.0% of budgetFoundation for International Community Assistance - FINCA Ca: C$661,456 over 1y, 13% of budgetGovernors of St. Francis Xavier University: C$527,781 over 2y, 0.2% of budgetTHE CIRCLE ON PHILANTHROPY AND ABORIGINAL PEOPLES IN CANADA: C$500,000 over 2y, 27% of budgetNANAIMO-LADYSMITH SCHOOLS FOUNDATION: C$490,000 over 1y, 34% of budgetEMPOWERMENT SQUARED: C$469,236 over 2y, 17% of budgetMAKONSAG ABORIGINAL HEAD START INC.: C$441,490 over 1y, 26% of budgetUNIVERSITY OF NORTHERN BRITISH COLUMBIA: C$380,000 over 1y, 0.3% of budget
Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

  • Who funds ASHESI UNIVERSITY FOUNDATION CANADA ↗
  • Who funds MENNONITE ECONOMIC DEVELOPMENT ASSOCIATES OF CANADA ↗
  • Who funds CAMFED CANADA ↗
  • Who funds UNIVERSITY OF TORONTO ↗
  • Who funds MCGILL UNIVERSITY ↗
  • Who funds AFRICAN INSTITUTE FOR MATHEMATICAL SCIENCES-NEXT ↗
  • Who funds UNIVERSITY OF BRITISH COLOMBIA ↗
  • Who funds INUIT TAPIRITT KANATAMI ↗
  • Who funds RIDEAU HALL FOUNDATION ↗
  • Who funds COLLEGES AND INSTITUTES CANADA ↗
  • Who funds CANADIAN UNICEF COMMITTEE ↗
  • Who funds QUEEN'S UNIVERSITY AT KINGSTON ↗
  • Who funds WAR CHILD CANADA ↗
  • Who funds CARE CANADA ↗

Co-funders

Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.

Makeway FoundationThe J W McConnell Fam…Toronto FoundationFuture Generations Fo…Pathy Family Foundati…Suncor Energy Foundat…Walter and Duncan Gor…Ottawa Community Foun…Vancity Community Fou…Rideau Hall Foundatio…Max Bell FoundationDefinity Insurance Fo…
Makeway FoundationBC14.5× affinity16 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: Makeway Foundation · The J W McConnell Family Foundation/La Fondation de la Famille J W McConnell · Toronto Foundation · Future Generations Foundation / la Fondation Des Generationsà Venir · Pathy Family Foundation/Fondation de la Famille Pathy · Suncor Energy Foundation/Fondation Suncor Energie · Walter and Duncan Gordon Charitable Foundation · Ottawa Community Foundation / Fondation Communautaire d'Ottawa · Vancity Community Foundation · Rideau Hall Foundation / Fondation Rideau Hall · Max Bell Foundation · Definity Insurance Foundation / La Fondation Definity Assurance

How this is measured
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.

On method. Every financial figure here is read from the Canada Revenue Agency’s published T3010 data, the funder’s own annual information return, and from the multi-year returns of the 189 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program description on its T3010, read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

How this is measured
Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without a BN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

Generated from the T3010 annual information return for the fiscal period ending 2024-12-31, as published by the Canada Revenue Agency in 2024. Amounts are Canadian dollars, as filed and never converted. Registered as a public foundation under organizations relieving poverty.

Source object 817387277:2024-12-31 · View the T3010 on the CRA register

Play a game based on Mastercard’s filings →