Mastercard Foundation
Private foundationEIN 98-0543843
Mastercard Foundation is a grantmaker (EIN 98-0543843). Its most recent IRS filing reports about $270M in grants paid across 52 awards in 2024. Its largest giving areas are Human Services, Education, Healthcare. This profile is built from public IRS giving history — it reflects what the funder has actually funded, not an open call for proposals.
Funding capacity & financials (FY2024)
From Mastercard Foundation's IRS Form 990. Assets show capacity; the giving rate shows how actively they deploy it (a private foundation must pay out ~5%/yr) — useful for sizing your ask.
Leadership & board
Officers, directors & key staff from Mastercard Foundation's IRS Form 990 (Part VII).
Who does the Mastercard Foundation fund?
The Mastercard Foundation is a private foundation that awards grants nationally (and, in some cases, internationally). According to its most recent IRS Form 990-PF filing (FY2024), it paid about $270M across 52 grants, concentrated in Human Services, Education and Healthcare.
What types of organizations does the Mastercard Foundation fund?
The Mastercard Foundation's recent grants went to nonprofits and institutions working in Human Services, Education and Healthcare. Recent recipients include UNICEF The United Nations Children's Fund, Arizona State University, UNICEF The United Nations Children's Fund. Because giving is reported in aggregate on the 990-PF, the best signal of fit is the funder's giving history below.
How much does the Mastercard Foundation give, and what is a typical grant?
In FY2024, the Mastercard Foundation awarded about $270M across 52 grants — an average grant of about $5.2M and a median of about $1.4M.
Where does the Mastercard Foundation award grants?
The Mastercard Foundation awards grants nationally (and, in some cases, internationally), based on the locations of the recipient organizations in its 990-PF giving records.
Does the Mastercard Foundation accept unsolicited grant applications?
GrantSonar has no verified information on whether the Mastercard Foundation accepts unsolicited applications or has an open application cycle. This profile is built from IRS giving records, which show past grants, not current application rules. Check the Mastercard Foundation's own website or its latest IRS filing before reaching out.
Who are recent Mastercard Foundation grant recipients?
Recent Mastercard Foundation grant recipients include UNICEF The United Nations Children's Fund ($98M); Arizona State University ($40M); UNICEF The United Nations Children's Fund ($35M); One Acre Fund ($23M); Inkomoko (formerly African Entrepreneurship Collec ($18M); Grassroots Business Partners Inc ($17M). The full recipient list and giving history are available on GrantSonar.
Past Mastercard Foundation grant recipients
GrantSonar holds 80 itemized recipient records for the Mastercard Foundation from its IRS filings. The 25 largest are listed, with the fiscal year and the purpose the filing states. The full list is on GrantSonar.
| Recipient | Amount | Year | Purpose |
|---|---|---|---|
| UNICEF The United Nations Children's FundNY | $98M | 2022 | Youth Learning |
| Arizona State UniversityAZ | $40M | 2024 | YOUTH LEARNING |
| UNICEF The United Nations Children's FundNY | $35M | 2024 | YOUTH LEARNING |
| One Acre FundIL | $23M | 2024 | FINANCIAL INCLUSION |
| Inkomoko (formerly African Entrepreneurship CollecWA | $18M | 2024 | FINANCIAL INCLUSION |
| Grassroots Business Partners IncDC | $17M | 2022 | Financial Inclusion |
| University of California BerkeleyCA | $15M | 2024 | YOUTH LEARNING |
| The World BankDC | $13M | 2022 | YOUTH LEARNING |
| Global Energy Alliance for People & Planet (GEAPP) | $12M | 2024 | YOUTH LEARNING |
| American University of BeirutNY | $12M | 2024 | YOUTH LEARNING |
| CorpsAfricaNY | $10M | 2024 | YOUTH LEARNING |
| American University of BeirutNY | $10M | 2024 | YOUTH LEARNING |
| Shining Hope For Communities INCNY | $10M | 2022 | Financial Inclusion |
| Heifer Project InternationalAR | $9.8M | 2024 | YOUTH LEARNING |
| Tufts UniversityMA | $9.4M | 2024 | YOUTH LEARNING |
| Global Give Back CircleNY | $8.7M | 2024 | YOUTH LEARNING |
| United Nations Capital Development FundNY | $7.2M | 2024 | YOUTH LEARNING |
| CapitalPlus Exchange CorporationIL | $7.0M | 2024 | FINANCIAL INCLUSION |
| Arizona State UniversityAZ | $6.8M | 2022 | Youth Learning |
| United Nations Development ProgrammeNY | $6.4M | 2024 | FINANCIAL INCLUSION |
| EducateCO | $5.8M | 2024 | YOUTH LEARNING |
| CrossBoundaryDC | $4.0M | 2024 | FINANCIAL INCLUSION |
| Heifer Project InternationalAR | $4.0M | 2024 | FINANCIAL INCLUSION |
| Refugee Economic Inclusion CoalitionDE | $3.9M | 2024 | FINANCIAL INCLUSION |
| GenerationWA | $3.6M | 2024 | YOUTH LEARNING |
Markdown version of this recipient history, for citation and LLM retrieval.
Based on the Mastercard Foundation's public IRS Form 990-PF filings (most recent: FY2024). 990 data reflects giving history and typically lags 1–2 years; it is not an open call for proposals. Always confirm the funder's current guidelines before applying.
Built from 236,000+ U.S. grantmaking foundations and 4.6 million itemized grant records in public IRS Form 990 / 990-PF filings (135,000+ funders with itemized giving history).
See if the Mastercard Foundation fits your organization
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