MASTERCARD IMPACT FUND
MASTERCARD IMPACT FUND
Focus areas for an inclusive digital economy
In 2018, Mastercard established the Mastercard Impact Fund (the Fund), an independently-directed 501(c)(3) tax exempt private foundation, administered by the Mastercard Center for Inclusive Growth. To date, the Fund has made more than $260 million in grants to 142 organizations in 89 countries. In furtherance of its charitable purpose to promote sustainable and equitable economic growth and financial inclusion, its activities are primarily focused in three key areas:
Financial security
Increase the financial security and economic mobility of individuals and workers
Small business
Improve the financial resilience and growth of micro and small businesses
Impact data science
Build capacity of nonprofits and governments to use data science to drive equitable outcomes
Mastercard Impact Fund
In 2018, the company established the Mastercard Impact Fund, an independently directed 501(c)(3) tax-exempt private foundation, which is administered by the Center. As of December 2022, the Fund has committed more than $348 million in grants to 172 organizations. These programs have enabled 5.5 million people and 25 million small businesses in 97 countries to access financial services, tools and other support.
CHARITABLE PURPOSE
In furtherance of its charitable purpose to promote sustainable and equitable economic growth and financial inclusion, its activities are primarily focused in three key areas:
Financial security
Increase the financial security and economic mobility of individuals and workers
Small business
Improve the financial resilience and growth of micro and small businesses
Impact data science
Build capacity of nonprofits and governments to use data science to drive equitable outcomes
In addition to these focus areas, the Fund also supports Mastercard’s employee matching gift program and employee dependent scholarship program, as permitted by the IRS.
The Fund is required by law to report its itemized charitable giving (recipient, purpose, amount) in annual, public IRS form 990-PF tax filings. These filings cover charitable activities of the Fund only and do not represent Mastercard’s charitable giving enterprise wide. For fuller coverage of Mastercard’s social impact efforts and charitable giving, including financial, talent, and data philanthropy, please consult the annual Mastercard Corporate Sustainability Report.
Mastercard Impact Fund Tax Filings
2020 IRS Form 990-PF
2019 IRS Form 990-PF
2018 IRS Form 990-PF
In addition to these focus areas, the Fund also supports Mastercard’s employee matching gift program and employee dependent scholarship program, as permitted by the IRS.
The Fund is required by law to report its itemized charitable giving (recipient, purpose, amount) in annual, public IRS form 990-PF tax filings. These filings cover charitable activities of the Fund only and do not represent Mastercard’s charitable giving enterprisewide.
Mastercard Impact Fund Tax Filings
2021 IRS Form 990-PF
2020 IRS Form 990-PF
2019 IRS Form 990-PF
2018 IRS Form 990-PF
“Remember this rule of thumb: If you want to go wide, go with government. If you want to go deep, go with NGOs and academic institutions. If you want to go fast, go with the private sector. And if you want to go far, you must go together.”
“Remember this rule of thumb: If you want to go wide, go with government. If you want to go deep, go with NGOs and academic institutions. If you want to go fast, go with the private sector. And if you want to go far, you must go together.”
For fuller coverage of Mastercard’s social impact efforts and charitable giving, including financial, talent and data philanthropy, please consult the annual Mastercard Corporate Sustainability Report.
Mastercard Corporate Sustainability Report
For fuller coverage of Mastercard’s social impact efforts and charitable giving, including financial, talent and data philanthropy, please consult the annual Mastercard Corporate Sustainability Report.
Mastercard Corporate Sustainability Report
