The MasterCard Foundation advances microfinance and youth learning to promote financial inclusion and prosperity. Through collaboration with committed partners in 49 countries, the Foundation is helping people living in poverty to access opportunities to learn and prosper. An independent, private foundation based in Toronto, Canada, it was established through the generosity of MasterCard Worldwide at the time of the company’s initial public offering in 2006.
From inception, the Company intended the Foundation to be an independent entity. No company executives serve on the Foundation’s Board of Directors. All Foundation decisions are determined by the Foundation’s Board of Directors and President and CEO.