How much does Mastercard Foundation give?

Mastercard Foundation reported 52 itemized grants totaling $270,371,759, out of $1,410,232,855 in total grant expense reported on the return in its FY2024 IRS filing. It funded between 27 and 52 organizations a year over FY2017 to FY2023.

What does Mastercard Foundation fund?

By grant dollars over FY2017 to FY2024, its largest causes are International (54%), Education (28%), Community Improvement (9%).

Who are Mastercard Foundation's largest grantees?

By total granted over FY2017 to FY2024: Carnegie Mellon University ($271M), American University of Beirut ($66M), Inkomoko ($56M).

Does Mastercard Foundation fund new organizations?

In FY2023, 24% 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 Gates Foundation, The Rockefeller Foundation, The Ford Foundation.

Foundation Dossiers

Public charity

Mastercard Foundation

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.

$1.4B
Granted FY2024(still arriving): 52
Itemized grants FY2024: 38
Organizations funded FY2023: 24%
First-time grantees FY2023

Read the full brief

Itemized, FY2024: $270M; The rest is grants the schedule does not break out
Median grant, FY2024: $1,582,941
Largest grant, FY2024: $40,434,702
Organizations funded a year: 27 to 52; FY2017 to FY2023
States reached, FY2024: 15
Total assets, FY2024: $50.3B

How open it is to new grantees

In FY2023, 24% of the organizations Mastercard Foundation funded were first-time grantees, receiving 13% of its grant dollars.

New vs renewed · share of each year

In FY2023, 87% of grant dollars renewed an existing relationship; $25M went to new ones.

RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

InternationalEducationHuman ServicesSocial SciencePhilanthropyCommunity ImprovementOther

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. Theme is the grantee’s IRS cause.

The numbers by year

Fiscal year	Organizations funded	To those organizations	First-time grantees
FY2024still arriving	46	$270M	22%
FY2023	38	$190M	24%
FY2022	27	$170M	26%
FY2021	34	$782M	24%
FY2020	40	$250M	23%
FY2019	40	$63M	13%
FY2018	52	$99M	33%
FY2017	45	$102M	n/a

100% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2024.

International$1.1BEducation$548MCommunity Improvement$174MYouth Development$95MPhilanthropy$37MHuman Services$13MEnvironment$12MHealth$2.7MOther$0

Where its grants go

Grant dollars by states, across the years we hold.

Which US states its grants reach

Top grantees

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

Grantee	Total granted	Years	Share of their budget
Carnegie Mellon University	$270,656,471	8	10%
American University of Beirut	$65,681,307	8	4%
Inkomoko	$55,984,555	7	73%
Grassroots Business Partners Inc	$42,737,488	4	13%
Regents of the University of California	$42,100,755	6	n/a
Heifer Project International	$35,836,235	6	9%
One Acre Fund	$28,809,402	5	9%
Corpsafrica	$27,931,231	5	97%
Shining Hope for Communities Inc	$27,744,596	3	86%
Brac USA Inc	$21,833,827	4	76%

Show all 99 grantees

All grantees of Mastercard Foundation by total granted
Grantee	Total granted	Years	Share of their budget
Carnegie Mellon University	$270,656,471	8	10%
American University of Beirut	$65,681,307	8	4%
Inkomoko	$55,984,555	7	73%
Grassroots Business Partners Inc	$42,737,488	4	13%
Regents of the University of California	$42,100,755	6	n/a
Heifer Project International	$35,836,235	6	9%
One Acre Fund	$28,809,402	5	9%
Corpsafrica	$27,931,231	5	97%
Shining Hope for Communities Inc	$27,744,596	3	86%
Brac USA Inc	$21,833,827	4	76%
Technoserve Inc	$20,248,395	5	6%
Michigan State University	$19,823,814	5	n/a
United Nations Development Corporation	$19,216,101	2	29%
The 1818 Society Co Staff Relations I the World Bank	$19,015,855	5	n/a
Mercy Corps	$17,356,169	4	2%
Education Development Center Inc	$17,343,829	7	4%
International Youth Foundation	$14,666,767	4	24%
Capitalplus Exchange Corporation	$13,749,548	4	44%
Global Communities	$12,151,628	3	4%
Trustees of Tufts College	$10,535,872	6	1%
Global Give Back Circle	$9,958,672	3	49%
Bankable Frontier Associates LLC	$9,272,073	6	n/a
Accion International	$9,109,202	3	15%
African Center for Economic Transformation	$8,569,181	7	44%
Emerging Public Leaders Inc	$8,562,832	5	87%
CrossBoundary	$7,641,144	2	n/a
Cooperative League of the United States of America	$7,226,605	4	5%
Batonga Foundation	$6,506,144	5	83%
International Rescue Committee INC	$6,492,855	5	0%
Johns Hopkins University	$6,439,445	2	0%
Generation You Employed Inc	$6,265,592	2	12%
Educate	$5,977,101	2	59%
Cornell University	$5,962,178	4	0%
Wellesley College	$5,247,344	7	1%
The Global Development Incubator Inc	$4,403,616	4	20%
Root Capital Inc	$4,319,521	4	6%
The Resolution Project Inc	$4,228,077	8	32%
Kepler Inc	$4,226,050	3	36%
Refugee Economic Inclusion Coalition	$3,898,189	1	n/a
Youth Development Labs Inc	$3,352,213	3	54%
Duke University	$3,145,519	4	0%
The Small Enterprise Education and Promotion Network Inc	$2,967,035	3	38%
The Commons Project Foundation	$2,668,880	2	2%
Boulder Institute of Microfinance	$2,355,899	2	59%
Childfund International USA	$2,074,307	2	1%
International Center for Research on Women	$1,917,628	2	16%
Social Impact Inc	$1,693,806	4	n/a
Mawazo Institute	$1,667,692	3	45%
Regents of the University of Colorado	$1,628,562	3	n/a
International Food Policy Research Institute	$1,625,605	1	2%
Village Health Works	$1,453,203	4	13%
Social Science Research Council	$1,389,638	2	4%
Gsma Mobile for Development Foundation Inc	$1,133,553	1	5%
The Skoll Foundation	$919,036	3	n/a
Building Tomorrow Inc	$855,022	2	17%
RefuSHE Inc	$771,362	2	18%
Connect Humanity	$765,554	1	10%
The Brookings Institution	$750,000	3	0%
Kellermann Foundation	$546,462	1	33%
Drexel University	$500,326	2	0%
Firelight Foundation	$488,626	3	10%
Project Syndicate LLC	$446,669	2	n/a
University System of New Hampshire	$400,000	2	n/a
Spence-Chapin Services to Families and Children	$341,343	3	2%
Zuriworks for Womens Health	$302,240	2	n/a
St Lawrence University	$292,000	6	0%
Innovations for Poverty Action a Nonprofit Corporation	$250,971	3	0%
Catholic Medical Mission Board Inc	$250,000	1	0%
American Near East Refugee Aid	$250,000	1	0%
Dalberg Catalyst	$250,000	1	2%
Michael and Henrietta Olupona Foundation	$250,000	2	91%
Women Deliver Inc	$249,988	1	2%
Restless Development USA Inc	$249,974	1	40%
Africaworks Inc	$249,788	1	93%
Microfinance Information Exchange Inc	$249,554	1	8%
Hodi	$248,000	1	n/a
Spring Impact Incorporated	$248,000	2	8%
Act4accountability Inc	$245,662	1	n/a
The Center for Transcultural Studies	$200,000	3	97%
Radio Workshop US Inc	$181,066	1	33%
The Clayton Christensen Institute for Disruptive Innovation Inc	$174,759	1	5%
International Research & Exchanges Board Inc	$158,091	1	0%
Future of Learning	$150,000	1	n/a
Localized Inc	$150,000	1	n/a
Center for Global Development	$149,086	1	0%
The Museum for African Art D/B/A the Africa Center	$125,000	1	7%
International Funders for Indigenous Peoples	$106,889	1	6%
Ciyota Inc Dba Coburwas	$100,000	1	42%
Transfr Inc	$99,860	1	n/a
Nest Inc	$91,542	1	2%
West African Research Association	$80,000	4	5%
Bridge2rwanda Inc	$64,702	1	3%
Pact Institute	$60,000	1	0%
University of the People	$50,000	1	0%
The Pennington School	$44,561	1	0%
Qm Quality Matters Inc	$35,017	2	0%
Conflict and Development Foundation	$35,000	2	1%
The Howard University	$10,000	1	0%
University of North Carolina at Chapel Hill	$8,000	1	n/a

Plus 11 recipients with no EIN on record ($977M), not named here.

Mastercard Foundation supplied at least a quarter of the budget for 24 of its grantees at some point. The chart plots its 81 largest grantees; load-bearing ones sit top left.

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 81.

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.

Gates FoundationWA48.3× affinity26 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: Gates Foundation · The Rockefeller Foundation · The Ford Foundation · Wellspring Philanthropic Fund Inc · Conrad N Hilton Foundation · Foundation to Promote Open Society · Family Health International Inc · The William & Flora Hewlett Foundation · New Venture Fund · John D and Catherine T Macarthur Foundation · Mulago Foundation · Rockefeller Philanthropy Advisors Inc

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 52 itemized grants totaling $270,371,759, out of $1,410,232,855 in total grant expense reported on the return in its FY2024 IRS filing. It funded between 27 and 52 organizations a year over FY2017 to FY2023.
What does Mastercard Foundation fund?: By grant dollars over FY2017 to FY2024, its largest causes are International (54%), Education (28%), Community Improvement (9%).
Who are Mastercard Foundation's largest grantees?: By total granted over FY2017 to FY2024: Carnegie Mellon University ($271M), American University of Beirut ($66M), Inkomoko ($56M).
Does Mastercard Foundation fund new organizations?: In FY2023, 24% 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 Gates Foundation, The Rockefeller Foundation, The Ford Foundation.