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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. With a focus on africa the foundation aims to expand access to learning employment entrepreneurship and financial services for people living in poverty. To further strengthen the field…

C$857M
Granted FY2024(still arriving)
100
Grants FY2024
63
Organizations funded FY2023
43%
First-time grantees FY2023
Read the full brief
Median grant, FY2024
C$4,119,201
Largest grant, FY2024
C$55,626,150
Organizations funded a year
33 to 63
FY2017 to FY2023
Regions reached, FY2024
17
Total assets, FY2024
C$72.4B

How open it is to new grantees

In FY2023, 43% of the organizations Mastercard Foundation funded were first-time grantees, receiving 29% of its grant dollars.

New vs renewed · share of each year

In FY2023, 71% of grant dollars renewed an existing relationship; C$230M went to new ones.

50%100%’18’19’20’21’22’23
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.
The numbers by year
Fiscal yearOrganizations fundedTo those organizationsFirst-time grantees
FY2024still arriving98C$857M44%
FY202363C$796M43%
FY202242C$865M24%
FY202153C$1.2B32%
FY202057C$358M56%
FY201934C$72M26%
FY201833C$114M48%
FY201735C$143Mn/a

Where its grants go

Grant dollars by regions, across the years we hold.

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

Top grantees

Largest recipients by total granted, FY2017 to FY2024, and the share of each one’s budget the grants supplied at peak.

GranteeTotal grantedYearsShare of their budget
Ashesi University Foundation CanadaC$252,674,2521n/a
Mennonite Economic Development Associates of CanadaC$170,758,83158%
Camfed CanadaC$105,046,4164n/a
University of TorontoC$99,046,75841%
Ashesi University Foundation CanadaC$84,379,8001n/a
McGill UniversityC$80,032,40372%
African Institute for Mathematical Sciences-NextC$78,663,346899%
University of British ColombiaC$59,332,18351%
Inuit Tapiritt KanatamiC$53,475,000214%
Rideau Hall FoundationC$50,069,699427%
Show all 83 grantees
All grantees of Mastercard Foundation by total granted
GranteeTotal grantedYearsShare of their budget
Ashesi University Foundation CanadaC$252,674,2521n/a
Mennonite Economic Development Associates of CanadaC$170,758,83158%
Camfed CanadaC$105,046,4164n/a
University of TorontoC$99,046,75841%
Ashesi University Foundation CanadaC$84,379,8001n/a
McGill UniversityC$80,032,40372%
African Institute for Mathematical Sciences-NextC$78,663,346899%
University of British ColombiaC$59,332,18351%
Inuit Tapiritt KanatamiC$53,475,000214%
Rideau Hall FoundationC$50,069,699427%
Colleges and Institutes CanadaC$41,305,459527%
Canadian Unicef CommitteeC$37,956,642624%
Queen's University at KingstonC$37,653,20672%
War Child CanadaC$21,922,355746%
Care CanadaC$20,098,127312%
World University Service of CanadaC$19,451,150427%
Digital Opportunity TrustC$18,173,4421n/a
Saskatchewan Indian Institute of TechC$17,076,099518%
Seven Generations Education InstituteC$16,101,866517%
The Ulnooweg Indigenous Communities FoundationC$15,196,512584%
University of LethbridgeC$14,148,12463%
Artic Fund Collaborative (Makeway Charitable Society)C$13,300,233515%
Vancouver Island UniversityC$13,271,09643%
Save the Children CanadaC$13,162,155125%
Amref CanadaC$11,434,817184%
University of ManitobaC$10,794,24130%
Yukon UniversityC$10,625,70857%
Fondation de L'Université LavalC$5,899,11725%
Ottawa Community FoundationC$5,529,43146%
Digital Opportunity TrustC$5,127,498347%
Carleton UniversityC$4,543,95931%
Canadian Bureau for International EducationC$4,387,924522%
Canadian Roots ExchangeC$4,058,024448%
Eenou-Eeyou Community FoundationC$3,500,0003n/a
AnnaumaC$3,000,000336%
First Peoples' Cultural FoundationC$3,000,000116%
Kw'Umut Lelum FoundationC$3,000,0003100%
Fondation Nouveaux SentiersC$3,000,0001n/a
Indigenous Prosperity FoundationC$2,909,6391n/a
Tostan CanadaC$2,499,852272%
University of New BrunswickC$2,151,46020%
Humanity & InclusinC$2,001,156213%
First Nations University of CanadaC$1,782,05516%
Opportunity International CanadaC$1,671,934120%
Crossroads InternationalC$1,505,291110%
Habitat for Humanity CanadaC$1,254,20614%
Gathering of Rivers for Community CareC$1,150,4721n/a
Mi'Kmaw Native Friendship SocietyC$1,000,000113%
Université de MontréalC$678,74540%
Foundation for International Community Assistance - FINCA CaC$661,456113%
Governors of St. Francis Xavier UniversityC$527,78120%
The Circle on Philanthropy and Aboriginal Peoples in CanadaC$500,000227%
Nanaimo-Ladysmith Schools FoundationC$490,000134%
Empowerment SquaredC$469,236217%
Makonsag Aboriginal Head Start Inc.C$441,490126%
University of Northern British ColumbiaC$380,00010%
Canadian Institute for Advanced ResearchC$355,18011%
Byte - Empowering Youth SocietyC$338,800177%
Ma Mawi-Wi-Chi-Itata Centre Inc.C$332,72111%
Engineers Without Borders(Canada) OrganizationC$326,28416%
Viu FoundationC$320,00013%
University of SaskatchewanC$300,00010%
Native Canadian Centre of TorontoC$300,00015%
Equitas - International Centre for Human RightsC$299,81013%
Academics Without BordersC$293,348172%
York UniversityC$275,00020%
Gabriel Dumont InstituteC$250,00012%
Saskatchewan Indigenous Community FoundationC$250,0001n/a
Imagine CanadaC$250,00015%
Yellowstonee to Yukon Conservation Initiative FndtC$250,000121%
Bududa Canada FoundationC$245,304185%
Dechinta InitiativesC$240,685119%
University of VictoriaC$224,03210%
Yamozha Kue SocietyC$174,040138%
The Royal Society of CanadaC$171,26016%
International Development Research CentreC$162,02110%
Universal Outreach FoundationC$134,75135%
Horizon School DivisionC$129,68010%
The Walrus FoundationC$127,45812%
The Muttart FoundationC$100,00012%
Canadian Foundation for Physically Disabled PersonsC$100,00018%
Niijkiwendidaa Anishnaabekwewag Services CircleC$73,890115%
Philanthropic Foundations CanadaC$10,29511%

Plus 106 recipients with no EIN on record (C$3.0B), not named here.

Where it is load-bearing

Mastercard Foundation supplied at least a quarter of the budget for 20 of its grantees at some point. The chart plots its 74 largest grantees; load-bearing ones sit top left.

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

Tap a dot to name the grantee.

How this is measured
Share of budget is the funder’s grant in a year over the grantee’s total revenue that year, at its highest across the years we hold; revenue is from all sources. Only grantees confirmed against their own filings, whose grants do not exceed their revenue, are plotted: the largest 74.

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.

Compare Mastercard Foundation with peer funders

About Mastercard Foundation

How much does Mastercard Foundation give?
Mastercard Foundation reported 100 grants totaling C$857,365,626 in its FY2024 T3010 return. It funded between 33 and 63 organizations a year over FY2017 to FY2023.
Who are Mastercard Foundation's largest grantees?
By total granted over FY2017 to FY2024: Ashesi University Foundation Canada (C$253M), Mennonite Economic Development Associates of Canada (C$171M), Camfed Canada (C$105M).
Does Mastercard Foundation fund new organizations?
In FY2023, 43% of the organizations it funded were first-time grantees.
Which funders back the same organizations as Mastercard Foundation?
Its strongest co-funders, measured against what their size predicts, include Makeway Foundation, The J W McConnell Family Foundation/La Fondation de la Famille J W McConnell, Toronto Foundation.
Where is Mastercard Foundation based?
Mastercard Foundation is based in TORONTO, ON.

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 →