2025-11-11T15:24:47-05:00 2024-12-31 Deloitte LLP 8 Adelaide St W Suite 200 Toronto Ontario CA M5H 0A9 990 2024-01-01 980543843 MASTERCARD FOUNDATION % DOUGLAS KASAMBALA MAST 6472085154 250 Yonge Street Suite 2400 TORONTO ONTARIO CA M5B 2L7 DOUGLAS KASAMBALA CFO 6472142857 2025-05-14 true true MICHAEL XIANG P01687378 4166016150 2024 2025-03-06 01:10:19Z DOUGLAS KASAMBALA 250 Yonge Street Suite 2400 TORONTO ONTARIO CA M5B 2L7 20949190099 false X www.mastercardfdn.org X 2005 CA 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. 11 11 1 0 0 0 0 0 0 679990425 6512353970 275913 767987 680266338 6513121957 1333637982 1410232855 0 0 72620679 79915504 0 0 0 127264861 143282315 1533523522 1633430674 -853257184 4879691283 42194078620 50320893084 23161101 35372293 42170917519 50285520791 X 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. false false 42356933 42356933 Mastercard Foundation's partnership with BRAC will support improving the lives of over 1.2 million adolescent girls and young women across seven African countries. This will be achieved by scaling BRAC's proven models of amplifying the agency of girls and young women through life skills training, increasing the productive participation of the poorest and most vulnerable young women through financial literacy, and accelerating access to finance for young women. 35910000 35910000 Mastercard Foundation's partnership with Transforming Teaching, Education and Learning (T-TEL) will support improving the quality of teaching and learning in Ghanaian secondary education institutions. This will enable 2.9 million secondary education graudates to obtain the 21st century skills and competencies needed for lifelong learning, employability, and adult life. 35693749 35693749 Mastercard Foundation's partnership with Inuit Tapiriit Kanatami will support the launch and long-term sustainability of Inuit Nunangat University (INU). INU will be the first Inuit institution grounded in Inuit language and culture and it will deliver innovative education and training relevant to youth and Inuit economic and community priorities. 405708013 405708013 OTHER FINANCIAL INCLUSION PROGRAMS 890564160 890564160 OTHER YOUTH LEARNING PROGRAMS 113595088 Other Program services Expenses incl. direct imple 1409867261 1296272173 1523827943 false false false false false false false false true true false false false false false true false false true true true false false false false false true false true false false false false false false false false false false false false false true true true false true 0 0 1 true false true CA RW KE GH UG SF ET SG false false false false true false X 11 11 false false false false true true true true true false true true true true true true true true true true false X DOUGLAS KASAMBALA 6472085154 250 Yonge Street Suite 2400 TORONTO Ontario CA M5B 2L7 X REETA ROY PRESIDENT AND CEO 60.0 0.0 X 1335867 0 0 PETER MATERU CHIEF PROGRAM OFFICER 55.0 0.0 X 754437 0 0 DOUGLAS KASAMBALA CHIEF FINANCIAL OFFICER 55.0 0.0 X 640431 0 0 OLUWOLE ONABOLO GENERAL COUNSEL 55.0 0.0 X 577806 0 0 WARIKO WAITA DIRECTOR PAC - ED.&TRANSITIONS 55.0 0.0 X 526548 0 0 TINA MUPARADZI EXEC. DIRECTOR-ED.&TRANSITIONS 55.0 0.0 X 487201 0 0 JENNIFER RAMNATH CHIEF, DIGITAL AND INFO. OFF. 55.0 0.0 X 484759 0 0 SERGE AUGUSTE KOUAKOU COUNTRY DIRECTOR, SENEGAL 55.0 0.0 X 464912 0 0 AMOS ODERO HEAD - PAN AFTRICA PROGRAMS 55.0 0.0 X 452003 0 0 DAVID BAGENDA SENIOR DIRECTOR, FINANCE 55.0 0.0 X 449916 0 0 OMOTADE AKIN AINA CHIEF IMPACT&RESEARCH OFFICER 55.0 0.0 X 350977 0 0 JULIE GICHURU CHIEF PUBLIC AFFAIRS&COMMUNICA 55.0 0.0 X 340902 0 0 SCONAID MCGEACHIN CHIEF PUBLIC AFFAIRS&COMMUNICA 55.0 0.0 X 299524 0 0 LINDA OSODO AG. CHIEF PEOPLE&CULTURE OFFIC 55.0 0.0 X 239494 0 0 ZEIN ABDALLA BOARD CHAIR 6.0 0.0 X 0 0 0 SEWIT AHDEROM DIRECTOR 3.0 0.0 X 0 0 0 VALERIE AMOS DIRECTOR 3.0 0.0 X 0 0 0 LOUISE ARBOUR DIRECTOR 3.0 0.0 X 0 0 0 JENNIFER FONSTAD DIRECTOR 3.0 0.0 X 0 0 0 TSEGA GEBREYES DIRECTOR 3.0 0.0 X 0 0 0 JAY IRELAND DIRECTOR 3.0 0.0 X 0 0 0 ELLEN JOHNSON SIRLEAF DIRECTOR 3.0 0.0 X 0 0 0 MICHAEL SABIA DIRECTOR 3.0 0.0 X 0 0 0 ROBIN WASHINGTON DIRECTOR 3.0 0.0 X 0 0 0 CAROLE WAMUYU WAINAINA DIRECTOR 3.0 0.0 X 0 0 0 7404777 0 0 82 true true false Deloitte LLP BAY ADELAIDE CENTRE 8 ADELAIDE ST TORONTO ONTARIO CA M5H 0A9 Consulting Services 16848289 Mastercard Foundation Asset Managem 250 YONGE STREETSUITE 2400 TORONTO ONTARIO CA M5B 2L7 Asset Management Se 15220844 McKinsey and Company Inc Africa Pr 8TH FLOOR DELTA CORNER TOWER CHIRO WESTLANDS NAIROBI KE Consulting Services 8092867 Elixirr Consulting Limited 100 CHEAPSIDE LONDON 0 UK EC2V 6DT IT Consulting 4426239 Charleston Travel Limited 10TH FLOOR WAIYAKI WAY NAIROBI COUNTY NAIROBI KE 00100 TRAVEL SERVICES 3933520 169 0 0 346534753 346534753 0 0 767987 0 767987 0 767987 767987 20949190099 14436068142 6513121957 6165819217 6165819217 0 0 0 0 0 0 0 0 0 0 6513121957 6513121957 270311759 270311759 0 1139921096 1139921096 0 4332318 2467934 1864384 0 56869747 43628214 13241533 0 18696838 11366732 7330106 16601 14941 1660 0 3575144 920910 2654234 675534 675534 0 0 18642590 18642590 79697640 37983655 41713985 0 8864735 340620 8524115 0 0 6027973 4514217 1513756 19673788 11036999 8636789 0 0 0 0 2568035 2568035 606536 606536 HUMAN RESOURCE COSTS 2950340 1320867 1629473 0 OTHER EXPENSE 0 0 1633430674 1523827944 109602730 0 0 0 208691485 557318489 0 0 2553272 17167061 0 0 0 0 0 0 0 0 11490994 4114066 27312486 5961444 3689454 21351042 41603281597 48088460550 363396474 1617626325 0 0 975344 14855551 0 0 42194078620 50320893084 23161101 35372293 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 23161101 35372293 X 567635922 49558133239 41603281597 727387552 42170917519 50285520791 42194078620 50320893084 4879691283 3234911989 X false true X true false 41603281598 0 40875894046 727387552 29043419409 13789862287 1230000098 41603281598 30677002172 -602037166 1031545597 29043419409 31355848119 391302813 1070148760 30677002172 27558166914 4474152467 676471262 31355848119 0.00000 1.00000 0.00000 false false 19426297 4158643 15267654 4072636 1777736 2294900 3813555 897833 2915722 20478276 9748033946 3234911989 3234911989 6513121957 6513121957 1633430674 1633430674 1633430674 SCHEDULE D, PART V, LINE 4 THE FOUNDATION'S ENDOWMENT FUND IS HELD IN TRUST BY THE FOUNDATION TO FURTHER THE FOUNDATION'S MISSION TO ADVANCE YOUTH EDUCATION AND PROMOTE FINANCIAL INCLUSION FOR FINANCIALLY DISADVANTAGED PERSONS AND COMMUNITIES, WITH A MAJOR FOCUS IN AFRICA. SCHEDULE D, PART V, LINE 1E CURRENT YEAR OTHER EXPENDITURES FOR FACILITIES AND PROGRAMS OF $40,875,894,046, REPRESENTS THE RELEASE OF DONOR RESTRICTIONS ON PREVIOUSLY RESTRICTED FUNDS. true Sub-Saharan Africa 7 524 Program Services Youth learning & Finan 1025935043 North America 1 148 Program Services Youth learning & Finan 84409266 Europe (Including Iceland and Greenland) 0 0 Program Services YOUTH LEARNING & FINAN 29576787 8 672 8 672 1139921096 1139921096 Sub-Saharan Africa YOUTH LEARNING 54780 Sub-Saharan Africa FINANCIAL INCLUSION 4014606 Sub-Saharan Africa FINANCIAL INCLUSION 1360439 Sub-Saharan Africa FINANCIAL INCLUSION 1000000 Sub-Saharan Africa FINANCIAL INCLUSION 2000000 Sub-Saharan Africa FINANCIAL INCLUSION 2554157 Sub-Saharan Africa FINANCIAL INCLUSION 23116869 Sub-Saharan Africa FINANCIAL INCLUSION 1364956 Sub-Saharan Africa YOUTH LEARNING 735301 Sub-Saharan Africa YOUTH LEARNING 10065872 Sub-Saharan Africa YOUTH LEARNING 14469751 North America YOUTH LEARNING 13377935 Sub-Saharan Africa YOUTH LEARNING 4115162 Sub-Saharan Africa YOUTH LEARNING 39716965 Sub-Saharan Africa YOUTH LEARNING 7128736 Sub-Saharan Africa YOUTH LEARNING 708972 Sub-Saharan Africa YOUTH LEARNING 15000000 Sub-Saharan Africa YOUTH LEARNING 2623817 Sub-Saharan Africa FINANCIAL INCLUSION 24929606 Sub-Saharan Africa FINANCIAL INCLUSION 6121416 Sub-Saharan Africa YOUTH LEARNING 12965256 Sub-Saharan Africa FINANCIAL INCLUSION 827813 Sub-Saharan Africa YOUTH LEARNING 213173 Sub-Saharan Africa YOUTH LEARNING 172953 Sub-Saharan Africa YOUTH LEARNING 39614 Sub-Saharan Africa YOUTH LEARNING 8721344 Sub-Saharan Africa YOUTH LEARNING 49957 Europe (Including Iceland and Greenland) YOUTH LEARNING 2367206 Europe (Including Iceland and Greenland) YOUTH LEARNING 2712897 Sub-Saharan Africa YOUTH LEARNING 50000 North America FINANCIAL INCLUSION 6170993 Sub-Saharan Africa YOUTH LEARNING 4396662 Europe (Including Iceland and Greenland) YOUTH LEARNING 349342 Sub-Saharan Africa FINANCIAL INCLUSION 5377509 Sub-Saharan Africa YOUTH LEARNING 149506 North America YOUTH LEARNING 11636770 Sub-Saharan Africa YOUTH LEARNING 2279464 Sub-Saharan Africa FINANCIAL INCLUSION 3010685 Sub-Saharan Africa YOUTH LEARNING 1256449 Sub-Saharan Africa FINANCIAL INCLUSION 3942438 Sub-Saharan Africa YOUTH LEARNING 5374812 Sub-Saharan Africa FINANCIAL INCLUSION 8421804 Sub-Saharan Africa YOUTH LEARNING 141654 North America FINANCIAL INCLUSION 4895000 North America YOUTH LEARNING 8411795 Sub-Saharan Africa YOUTH LEARNING 6106667 Sub-Saharan Africa YOUTH LEARNING 9352345 Sub-Saharan Africa FINANCIAL INCLUSION 6228423 Sub-Saharan Africa YOUTH LEARNING 400948 Sub-Saharan Africa FINANCIAL INCLUSION 550000 Sub-Saharan Africa FINANCIAL INCLUSION 1340037 Sub-Saharan Africa FINANCIAL INCLUSION 4722478 Sub-Saharan Africa FINANCIAL INCLUSION 5000000 Sub-Saharan Africa FINANCIAL INCLUSION 3129437 Sub-Saharan Africa FINANCIAL INCLUSION 3966071 Sub-Saharan Africa FINANCIAL INCLUSION 5000000 Sub-Saharan Africa YOUTH LEARNING 3489255 Sub-Saharan Africa YOUTH LEARNING 5961077 Sub-Saharan Africa YOUTH LEARNING 165407 Sub-Saharan Africa YOUTH LEARNING 522810 Sub-Saharan Africa YOUTH LEARNING 9066048 Sub-Saharan Africa YOUTH LEARNING 4946062 Sub-Saharan Africa YOUTH LEARNING 5500000 Sub-Saharan Africa YOUTH LEARNING 4787772 Sub-Saharan Africa FINANCIAL INCLUSION 1911222 Sub-Saharan Africa FINANCIAL INCLUSION 1487282 Europe (Including Iceland and Greenland) YOUTH LEARNING 4826293 Sub-Saharan Africa FINANCIAL INCLUSION 3951211 Sub-Saharan Africa FINANCIAL INCLUSION 40000 Sub-Saharan Africa YOUTH LEARNING 1054630 Sub-Saharan Africa YOUTH LEARNING 7901430 Sub-Saharan Africa FINANCIAL INCLUSION 935517 Europe (Including Iceland and Greenland) YOUTH LEARNING 607372 Europe (Including Iceland and Greenland) YOUTH LEARNING 11808655 Sub-Saharan Africa YOUTH LEARNING 246912 Sub-Saharan Africa YOUTH LEARNING 97011 Sub-Saharan Africa YOUTH LEARNING 99299 Sub-Saharan Africa YOUTH LEARNING 2901117 Sub-Saharan Africa YOUTH LEARNING 2492884 Sub-Saharan Africa YOUTH LEARNING 1823678 Sub-Saharan Africa YOUTH LEARNING 1928758 Sub-Saharan Africa YOUTH LEARNING 5049376 Sub-Saharan Africa YOUTH LEARNING 55000 Sub-Saharan Africa YOUTH LEARNING 1934858 Sub-Saharan Africa YOUTH LEARNING 3553372 Europe (Including Iceland and Greenland) YOUTH LEARNING 1267443 Europe (Including Iceland and Greenland) YOUTH LEARNING 1140514 Sub-Saharan Africa YOUTH LEARNING 49960 Sub-Saharan Africa YOUTH LEARNING 5178762 Sub-Saharan Africa FINANCIAL INCLUSION 7204169 Sub-Saharan Africa YOUTH LEARNING 6600000 Sub-Saharan Africa YOUTH LEARNING 15108669 Sub-Saharan Africa FINANCIAL INCLUSION 4623699 Sub-Saharan Africa YOUTH LEARNING 40000 Europe (Including Iceland and Greenland) YOUTH LEARNING 7813639 Sub-Saharan Africa YOUTH LEARNING 103552 Sub-Saharan Africa FINANCIAL INCLUSION 40656 Sub-Saharan Africa YOUTH LEARNING 85690 North America YOUTH LEARNING 16434523 Sub-Saharan Africa YOUTH LEARNING 2602000 Sub-Saharan Africa YOUTH LEARNING 1489850 North America YOUTH LEARNING 2413064 Sub-Saharan Africa YOUTH LEARNING 752706 Sub-Saharan Africa YOUTH LEARNING 4068775 Sub-Saharan Africa FINANCIAL INCLUSION 383644 Sub-Saharan Africa YOUTH LEARNING 452000 Sub-Saharan Africa YOUTH LEARNING 169866 Sub-Saharan Africa YOUTH LEARNING 2097989 Sub-Saharan Africa YOUTH LEARNING 1581715 North America FINANCIAL INCLUSION 3397935 Sub-Saharan Africa YOUTH LEARNING 50000 Sub-Saharan Africa FINANCIAL INCLUSION 2670600 Sub-Saharan Africa YOUTH LEARNING 125513 Sub-Saharan Africa YOUTH LEARNING 586000 Sub-Saharan Africa YOUTH LEARNING 173808 Sub-Saharan Africa YOUTH LEARNING 7439875 Sub-Saharan Africa YOUTH LEARNING 535004 Sub-Saharan Africa YOUTH LEARNING 39994 Sub-Saharan Africa YOUTH LEARNING 4431544 Sub-Saharan Africa FINANCIAL INCLUSION 972376 Sub-Saharan Africa FINANCIAL INCLUSION 39999 Sub-Saharan Africa FINANCIAL INCLUSION 11423785 Sub-Saharan Africa FINANCIAL INCLUSION 55726 Sub-Saharan Africa YOUTH LEARNING 624628 Sub-Saharan Africa YOUTH LEARNING 453076 Europe (Including Iceland and Greenland) FINANCIAL INCLUSION 2892901 Sub-Saharan Africa YOUTH LEARNING 800000 Sub-Saharan Africa YOUTH LEARNING 1800000 Europe (Including Iceland and Greenland) YOUTH LEARNING 42356933 Sub-Saharan Africa YOUTH LEARNING 115334 Sub-Saharan Africa YOUTH LEARNING 1646894 Sub-Saharan Africa FINANCIAL INCLUSION 14024105 Europe (Including Iceland and Greenland) FINANCIAL INCLUSION 1931450 Sub-Saharan Africa FINANCIAL INCLUSION 6350411 Sub-Saharan Africa YOUTH LEARNING 2876872 Sub-Saharan Africa FINANCIAL INCLUSION 5018822 Sub-Saharan Africa YOUTH LEARNING 35910000 Sub-Saharan Africa YOUTH LEARNING 1377313 Sub-Saharan Africa YOUTH LEARNING 407714 Sub-Saharan Africa YOUTH LEARNING 10751214 North America FINANCIAL INCLUSION 25000 Sub-Saharan Africa YOUTH LEARNING 2014278 Sub-Saharan Africa YOUTH LEARNING 687375 Sub-Saharan Africa FINANCIAL INCLUSION 493800 Sub-Saharan Africa YOUTH LEARNING 1226090 Sub-Saharan Africa YOUTH LEARNING 1200056 Sub-Saharan Africa YOUTH LEARNING 1738134 Europe (Including Iceland and Greenland) YOUTH LEARNING 249999 Sub-Saharan Africa YOUTH LEARNING 3527307 Sub-Saharan Africa YOUTH LEARNING 8708740 Sub-Saharan Africa FINANCIAL INCLUSION 1401554 Sub-Saharan Africa YOUTH LEARNING 49605 Sub-Saharan Africa YOUTH LEARNING 1813568 North America YOUTH LEARNING 5034396 Sub-Saharan Africa FINANCIAL INCLUSION 25245549 Europe (Including Iceland and Greenland) FINANCIAL INCLUSION 440387 Europe (Including Iceland and Greenland) YOUTH LEARNING 15000000 North America YOUTH LEARNING 3477195 Sub-Saharan Africa YOUTH LEARNING 4281318 Europe (Including Iceland and Greenland) YOUTH LEARNING 145505 Sub-Saharan Africa YOUTH LEARNING 120000 Sub-Saharan Africa YOUTH LEARNING 129431 Sub-Saharan Africa YOUTH LEARNING 150000 Europe (Including Iceland and Greenland) FINANCIAL INCLUSION 415939 Sub-Saharan Africa YOUTH LEARNING 250000 Sub-Saharan Africa YOUTH LEARNING 1085097 Sub-Saharan Africa FINANCIAL INCLUSION 3161063 North America YOUTH LEARNING 8426542 Sub-Saharan Africa FINANCIAL INCLUSION 3010685 Sub-Saharan Africa YOUTH LEARNING 1173525 Sub-Saharan Africa YOUTH LEARNING 900000 North America YOUTH LEARNING 180000 Sub-Saharan Africa FINANCIAL INCLUSION 3383514 Sub-Saharan Africa YOUTH LEARNING 243968 Sub-Saharan Africa FINANCIAL INCLUSION 249999 North America YOUTH LEARNING 260434 North America YOUTH LEARNING 15000000 North America YOUTH LEARNING 513141 Sub-Saharan Africa YOUTH LEARNING 4586181 Sub-Saharan Africa YOUTH LEARNING 4859000 Sub-Saharan Africa YOUTH LEARNING 587449 Sub-Saharan Africa YOUTH LEARNING 3537634 Sub-Saharan Africa FINANCIAL INCLUSION 9299864 Sub-Saharan Africa YOUTH LEARNING 3000000 Sub-Saharan Africa YOUTH LEARNING 2742943 Sub-Saharan Africa YOUTH LEARNING 36085 Sub-Saharan Africa FINANCIAL INCLUSION 100000 Sub-Saharan Africa YOUTH LEARNING 100000 Europe (Including Iceland and Greenland) YOUTH LEARNING 1076653 Sub-Saharan Africa YOUTH LEARNING 422524 Sub-Saharan Africa FINANCIAL INCLUSION 1855323 Sub-Saharan Africa YOUTH LEARNING 2000000 Sub-Saharan Africa YOUTH LEARNING 1609437 Sub-Saharan Africa YOUTH LEARNING 1778854 Sub-Saharan Africa FINANCIAL INCLUSION 91225 Sub-Saharan Africa FINANCIAL INCLUSION 5643657 Sub-Saharan Africa YOUTH LEARNING 500000 Sub-Saharan Africa YOUTH LEARNING 1400000 Europe (Including Iceland and Greenland) YOUTH LEARNING 1946851 Europe (Including Iceland and Greenland) YOUTH LEARNING 250000 Sub-Saharan Africa YOUTH LEARNING 2483845 Sub-Saharan Africa YOUTH LEARNING 20000 Sub-Saharan Africa FINANCIAL INCLUSION 21682896 Sub-Saharan Africa YOUTH LEARNING 27190 Europe (Including Iceland and Greenland) YOUTH LEARNING 236866 Sub-Saharan Africa YOUTH LEARNING 4197170 Sub-Saharan Africa FINANCIAL INCLUSION 4047920 Sub-Saharan Africa YOUTH LEARNING 11738 Europe (Including Iceland and Greenland) YOUTH LEARNING 500000 Sub-Saharan Africa YOUTH LEARNING 580108 Sub-Saharan Africa YOUTH LEARNING 2332178 Sub-Saharan Africa YOUTH LEARNING 2225138 Sub-Saharan Africa YOUTH LEARNING 4596712 Sub-Saharan Africa FINANCIAL INCLUSION 11930542 Sub-Saharan Africa YOUTH LEARNING 20000 Sub-Saharan Africa FINANCIAL INCLUSION 59224 Sub-Saharan Africa FINANCIAL INCLUSION 15867056 Sub-Saharan Africa YOUTH LEARNING 355224 Sub-Saharan Africa YOUTH LEARNING 43262 Sub-Saharan Africa YOUTH LEARNING 99958 Sub-Saharan Africa YOUTH LEARNING 219103 Sub-Saharan Africa YOUTH LEARNING 248633 Sub-Saharan Africa YOUTH LEARNING 138052 Sub-Saharan Africa YOUTH LEARNING 16606 Sub-Saharan Africa YOUTH LEARNING 31486 Sub-Saharan Africa YOUTH LEARNING 50000 Europe (Including Iceland and Greenland) YOUTH LEARNING 500000 Sub-Saharan Africa YOUTH LEARNING 1101528 Sub-Saharan Africa FINANCIAL INCLUSION 33334 Middle East and North Africa YOUTH LEARNING 1140085 Sub-Saharan Africa YOUTH LEARNING 2168015 Sub-Saharan Africa YOUTH LEARNING 4760715 Sub-Saharan Africa YOUTH LEARNING 1066538 Sub-Saharan Africa YOUTH LEARNING 2478260 Sub-Saharan Africa YOUTH LEARNING 1672677 Sub-Saharan Africa YOUTH LEARNING 1447401 Sub-Saharan Africa YOUTH LEARNING 20000 Sub-Saharan Africa FINANCIAL INCLUSION 150000 Sub-Saharan Africa YOUTH LEARNING 50000 Sub-Saharan Africa YOUTH LEARNING 1643045 Sub-Saharan Africa YOUTH LEARNING 50000 Sub-Saharan Africa YOUTH LEARNING 150000 Sub-Saharan Africa YOUTH LEARNING 1231254 Sub-Saharan Africa YOUTH LEARNING 2204400 Sub-Saharan Africa YOUTH LEARNING 3341245 Sub-Saharan Africa YOUTH LEARNING 50000 Sub-Saharan Africa FINANCIAL INCLUSION 313817 Sub-Saharan Africa YOUTH LEARNING 25000 Sub-Saharan Africa YOUTH LEARNING 124700 Sub-Saharan Africa FINANCIAL INCLUSION 9639368 Sub-Saharan Africa YOUTH LEARNING 11335367 Sub-Saharan Africa YOUTH LEARNING 125000 Sub-Saharan Africa YOUTH LEARNING 1993660 Sub-Saharan Africa YOUTH LEARNING 6462370 Sub-Saharan Africa FINANCIAL INCLUSION 3664109 Sub-Saharan Africa FINANCIAL INCLUSION 7822684 Sub-Saharan Africa YOUTH LEARNING 40000 Sub-Saharan Africa YOUTH LEARNING 4390548 Sub-Saharan Africa YOUTH LEARNING 250000 Europe (Including Iceland and Greenland) YOUTH LEARNING 33574323 North America YOUTH LEARNING 150000 Sub-Saharan Africa YOUTH LEARNING 14911216 Sub-Saharan Africa YOUTH LEARNING 3467336 Sub-Saharan Africa YOUTH LEARNING 8188023 Sub-Saharan Africa YOUTH LEARNING 49806 Sub-Saharan Africa YOUTH LEARNING 710134 Sub-Saharan Africa YOUTH LEARNING 31189 Europe (Including Iceland and Greenland) YOUTH LEARNING 7687016 Sub-Saharan Africa FINANCIAL INCLUSION 2734160 Sub-Saharan Africa YOUTH LEARNING 52877 Sub-Saharan Africa YOUTH LEARNING 1991491 Sub-Saharan Africa YOUTH LEARNING 157489 Sub-Saharan Africa FINANCIAL INCLUSION 2066077 Sub-Saharan Africa FINANCIAL INCLUSION 930015 North America YOUTH LEARNING 995727 North America YOUTH LEARNING 289666 North America YOUTH LEARNING 1448331 North America YOUTH LEARNING 1149946 North America YOUTH LEARNING 893777 North America YOUTH LEARNING 1864736 North America YOUTH LEARNING 398157 North America YOUTH LEARNING 39550 North America YOUTH LEARNING 3294262 North America YOUTH LEARNING 4275024 North America YOUTH LEARNING 3173793 North America YOUTH LEARNING 2247518 North America YOUTH LEARNING 925111 North America YOUTH LEARNING 4467942 North America YOUTH LEARNING 3029104 North America YOUTH LEARNING 75609 North America YOUTH LEARNING 2420510 North America YOUTH LEARNING 652526 North America YOUTH LEARNING 173000 North America YOUTH LEARNING 221262 North America YOUTH LEARNING 1319943 North America YOUTH LEARNING 2331424 North America YOUTH LEARNING 243544 North America FINANCIAL INCLUSION 2147335 North America YOUTH LEARNING 113805 North America YOUTH LEARNING 36426802 North America YOUTH LEARNING 1294234 North America YOUTH LEARNING 5442176 North America YOUTH LEARNING 189022 North America YOUTH LEARNING 73801 North America YOUTH LEARNING 126869 North America YOUTH LEARNING 768640 North America YOUTH LEARNING 1902272 Europe (Including Iceland and Greenland) YOUTH LEARNING 255319 Europe (Including Iceland and Greenland) YOUTH LEARNING 212398 Europe (Including Iceland and Greenland) YOUTH LEARNING 50000 Europe (Including Iceland and Greenland) YOUTH LEARNING 28212350 Europe (Including Iceland and Greenland) YOUTH LEARNING 236866 Europe (Including Iceland and Greenland) YOUTH LEARNING 609854 264 6 false false true true true true SCHEDULE F, PART I LINE 2 THROUGHOUT THE LIFECYCLE OF THE PROJECT, THE FOUNDATION ASSESSES WHETHER THE ORGANIZATION IS CARRYING OUT ACTIVITIES CONSISTENT WITH THE PURPOSES FOR WHICH THE FUNDS WERE APPROVED. THIS IS DONE BY USING FINANCIAL AND NARRATIVE REPORTING FROM THE ORGANIZATION, ON-SITE PROJECT VISITS, VIRTUAL MEETINGS AND WHERE NECESSARY DESKTOP REVIEWS WITH THE ORGANIZATION, THIRD PARTY REVIEWS AND REPORTS. AN ASSESSMENT OF COMPLIANCE WITH ANTI-TERRORISM LEGISLATION AND OTHER DUE DILIGENCE PROCEDURES ARE DONE ON AN ANNUAL BASIS FOR MULTI-YEAR PROJECTS. true African Center for Economic Transformation 1776 K Street NW Suite 200 Washington DC 20006 113803281 501(c)3 1582941 YOUTH LEARNING American University of Beirut 3 Dag Hammarskjold Plaza 8th Floor New York NY 100172303 135596846 501(c)3 12000000 YOUTH LEARNING American University of Beirut 3 Dag Hammarskjold Plaza 8th Floor New York NY 100172303 135596846 501(c)3 10319223 YOUTH LEARNING Arizona State University PO Box 877705 Tempe Arizona AZ 852877705 40434702 YOUTH LEARNING Brown University 350 Eddy St Providence Rhode Island RI 02906 050258809 501(c)3 50000 YOUTH LEARNING CapitalPlus Exchange Corporation 8001 Lincoln Ave Ste 201 Skokie Illinois IL 600773657 300199985 501(c)3 7000000 FINANCIAL INCLUSION Carnegie Mellon University 5000 Forbes Ave Pittsburgh PA 15213 250969449 501(c)3 898631 YOUTH LEARNING CorpsAfrica 300 Park Avenue 12th Floor New York NY 10022 452470692 501(c)3 10338483 YOUTH LEARNING CrossBoundary 1627 I Street NW Suite 810 Washington DC DC 20006 453807303 4000000 FINANCIAL INCLUSION Emerging Public Leaders 110 Vermont Ave Suite 500 Washington DC 20005 815294637 501(c)3 3424526 YOUTH LEARNING Generation 1200 19th Street NW Washington DC WA 20036 471073442 501(c)3 3631037 YOUTH LEARNING Global Give Back Circle 400 E 59th Street New York NY 10022 770708340 501(c)3 8713490 YOUTH LEARNING Heifer Project International 1 World Ave Suite 520 Little Roc Arkansas AR 722022863 351019477 501(c)3 3998234 FINANCIAL INCLUSION Heifer Project International 1 World Ave Suite 520 Little Roc Arkansas AR 722022863 351019477 501(c)3 9804050 YOUTH LEARNING Inkomoko (formerly African Entrepreneurship Collec PO Box 209 Clinton Washington WA 98236 460743201 501(c)3 18133840 FINANCIAL INCLUSION Inkomoko (formerly African Entrepreneurship Collec PO Box 209 Clinton Washington WA 98236 460743201 501(c)3 1147363 YOUTH LEARNING International Center for Research on Women 1120 20th St NW Suite 500N Washington DC 20036 501(c)3 961604 YOUTH LEARNING Johns Hopkins Center for Communication Programs (C 520595110 501(c)3 2647811 YOUTH LEARNING Johns Hopkins University 3400 N Charles Street Baltimore MD 212182625 520595110 501(c)3 499461 FINANCIAL INCLUSION Kepler Inc 1732 1st Ave 21374 New York NY 10128 200934525 501(c)3 2150824 YOUTH LEARNING Mathematica Inc 1100 1st Street NE 12th Floor Washington DC 200024221 699758 YOUTH LEARNING One Acre Fund 1954 First St 183 Highland Park IL 60035 203668110 501(c)3 22673980 FINANCIAL INCLUSION QM Quality Matters Inc 465503339 501(c) 3 20492 YOUTH LEARNING Spence-Chapin 410 EAST 92ND STREET New York NY 101286881 131834590 501(c)3 91618 YOUTH LEARNING St Lawrence University 23 Romoda Drive Canton NY 13617 150532239 501(c)3 50000 YOUTH LEARNING The Batonga Foundation 2000 Massachusetts Ave NW Washington DC 20036 205927387 501(c)3 2276918 FINANCIAL INCLUSION The Mawazo Institute PO Box 965 La Grange IL 60525 371845043 501(c)3 767781 YOUTH LEARNING The Resolution Project 1120 Avenue of the Americas 4th Fl New York NY 10036 264394051 501(c)3 1012079 YOUTH LEARNING The World Bank 1818 H Street NW Washington DC 20433 521186444 501(c)7 311640 FINANCIAL INCLUSION Tufts University 62R Talbot Ave Medford MA 021555813 042103634 501(c)3 9434798 YOUTH LEARNING United Nations Development Programme One United Nations Plaza New York NY 10017 6434649 FINANCIAL INCLUSION University of Colorado The Regents of the University of Co Boulder CO 803090001 846000555 501(c)3 621775 YOUTH LEARNING Youth Development Labs Inc 3130 Shattuck Ave Berkeley CA 94705 812339233 501(c)3 2514562 YOUTH LEARNING Center for Transcultural Studies 801 Ridge Terrace Evanston IL 60201 237180280 501(c)3 100000 YOUTH LEARNING Educate PO Box 12302 Denver CO 80212 841648607 501(c)3 5752101 YOUTH LEARNING Education Development Center Inc 43 Foundry Avenue Waltham MA 024538313 042241718 501(c)3 54970 YOUTH LEARNING Future of Learning 7 Flying Point Road Stony Creek CT 06405 922799895 150000 YOUTH LEARNING Global Energy Alliance for People & Planet (GEAPP) 12199289 YOUTH LEARNING Hodi North Carolina United States North Carolina United NC 99999 862903336 248000 YOUTH LEARNING International Funders for Indigenous Peoples 753217508 501(c)3 106889 YOUTH LEARNING IREX 223087809 501(c)3 158091 YOUTH LEARNING Kellermann Foundation 342018044 501(c)3 546462 YOUTH LEARNING Localized Inc 5425 Wisconsin Avenue Suite 600 Chevy Chase MD 20815 822011194 150000 YOUTH LEARNING Refugee Economic Inclusion Coalition 651 N BROADST STE 201 MIDDLETOWN DE 99999 922664974 3898189 FINANCIAL INCLUSION The Clayton Christensen Institute for Disruptive I 260264045 174759 FINANCIAL INCLUSION UNICEF The United Nations Children's Fund UNICEF House Three United Nations New York NY 10017 35000000 YOUTH LEARNING United Nations Capital Development Fund Two UN Plaza 26th Floor New York NY 10017 7211644 YOUTH LEARNING University of California Berkeley 356 Stephens Hall Berkeley CA 947202314 943067788 501(c)3 14999999 YOUTH LEARNING University of the People 595 E Colorado Boulevard Suite 62 Pasadena CA 91101 264078735 501(c)3 50000 YOUTH LEARNING Village Health Works 45 West 36th Street 8th Floor New York NY 10018 450545435 501(c)3 703881 YOUTH LEARNING Wellesley College 106 Central Street Wellesley MA 02481 042103637 501(c)3 148214 YOUTH LEARNING Wellesley College 106 Central Street Wellesley MA 02481 042103637 501(c)3 73001 YOUTH LEARNING 38 15 SCHEDULE I, PART 1 LINE 2 THROUGHOUT THE LIFECYCLE OF THE PROJECT, THE FOUNDATION ASSESSES WHETHER THE ORGANIZATION IS CARRYING OUT ACTIVITIES CONSISTENT WITH THE PURPOSES FOR WHICH THE FUNDS WERE APPROVED. THIS IS DONE BY USING FINANCIAL AND NARRATIVE REPORTING FROM THE ORGANIZATION, ON-SITE PROJECT VISITS, VIRTUAL MEETINGS AND WHERE NECESSARY DESKTOP REVIEWS WITH THE ORGANIZATION, THIRD PARTY REVIEWS AND REPORTS. AN ASSESSMENT OF COMPLIANCE WITH ANTI-TERRORISM LEGISLATION AND OTHER DUE DILIGENCE PROCEDURES ARE DONE ON AN ANNUAL BASIS FOR MULTI-YEAR PROJECTS. X X X X true true X X X X X true false false false false false false false false REETA ROY PRESIDENT AND CEO 1236490 99377 1335867 PETER MATERU CHIEF PROGRAM OFFICER 642906 111531 754437 DOUGLAS KASAMBALA CHIEF FINANCIAL OFFICER 575224 49613 15594 640431 OLUWOLE ONABOLO GENERAL COUNSEL 492686 85120 577806 WARIKO WAITA DIRECTOR PAC - ED.&TRANSITIONS 205347 321201 526548 TINA MUPARADZI EXEC. DIRECTOR-ED.&TRANSITIONS 434459 52742 487201 JENNIFER RAMNATH CHIEF, DIGITAL AND INFO. OFF. 381879 50653 52227 484759 SERGE AUGUSTE KOUAKOU COUNTRY DIRECTOR, SENEGAL 387958 76954 464912 AMOS ODERO HEAD - PAN AFTRICA PROGRAMS 116242 335761 452003 DAVID BAGENDA SENIOR DIRECTOR, FINANCE 213468 236448 449916 OMOTADE AKIN AINA CHIEF IMPACT&RESEARCH OFFICER 270868 80109 350977 JULIE GICHURU CHIEF PUBLIC AFFAIRS&COMMUNICA 278487 62415 340902 SCONAID MCGEACHIN CHIEF PUBLIC AFFAIRS&COMMUNICA 224752 46523 28249 299524 LINDA OSODO AG. CHIEF PEOPLE&CULTURE OFFIC 218092 21402 239494 SCHEDULE J, PART I, LINE 1a - SUPPLEMENTAL INFORMATION Travel for companions: Name Type of benefit Taxable compensation Reeta Roy Airfare for companions Yes Peter Materu Airfare for companions Yes Douglas Kasambala Airfare for companions Yes Oluwole Onabolo Airfare for companions Yes Amos Odero Airfare for companions Yes Wariko Waita Airfare for companions Yes Tax indemnification and gross-up payments: Name Type of benefit Taxable compensation Reeta Roy - Housing Allowance, Home Leave Allowance, Tax Preparation Support, Work from Home Allowance Yes Peter Materu - Housing Allowance, Home Leave Allowance, Tax Preparation Support, Work from Home Allowance Yes Douglas Kasambala - Relocation Allowance, Work from Home Allowance Yes Oluwole Onabolo - Work from Home Allowance Yes Jeniffer Ramnath - Housing Allowance, Transport Allowance, Relocation Allowance, Dependent Tuition, Tax Preparation Support, Work from Home Allowance Yes Omotade Akin-Aina - Housing allowance, Transport Allowance, Work from Home allowance Yes Julie Gichuru - Work from Home Allowance Yes Sconaid McGeachin - Housing allowance, Transport Allowance, Work from Home Allowance Yes Linda Osodo - Work from Home Allowance Yes Tina Muparadzi - Housing Allowance, Relocation Allowance, Tax Preparation Support, Work from Home Allowance Yes Serge Auguste Kouakou - Housing Allowance, Transport Allowance, Work from Home Allowance Yes Amos Odero - Housing Allowance, Home Leave Allowance, Tax Preparation Support, Work from Home Allowance Yes Wariko Waita - Housing Allowance, Home Leave Allowance, Tax Preparation Support, Work from Home Allowance Yes David Bagenda - Housing Allowance, Work from Home Allowance Yes Housing allowance or residence for personal use: Name Type of benefit Taxable compensation Reeta Roy Housing allowance Yes Peter Materu Housing allowance Yes Tina Muparadzi Housing allowance Yes Serge Auguste Kouakou Housing allowance Yes David Begenda Housing allowance Yes Personal Services: David Bagenda Car & driver for personal use Yes SCHEDULE J, PART I, LINE 4a - SUPPLEMENTAL INFORMATION SEVERANCE PAID DURING 2024: DAVID BAGENDA - $91,109.20 PART VI LINE 7B THE BYLAWS OF THE FOUNDATION STATE THAT NOMINATIONS OF QUALIFIED CANDIDATES TO BE ELECTED AS DIRECTORS OF THE BOARD OF THE FOUNDATION SHALL BE MADE BY THE BOARD OF THE FOUNDATION, UPON CONSULTATION WITH, BUT NOT UNDER THE CONTROL OR DIRECTION OF MASTERCARD INCORPORATED. MOREOVER, THE BYLAWS STATE THAT DIRECTORS OF THE FOUNDATION SHALL BE REQUIRED TO SATISFY THE QUALIFICATIONS OUTLINED IN THE BYLAWS, AS DETERMINED BY A RESOLUTION OF THE BOARD OF DIRECTORS OF THE FOUNDATION AND A MAJORITY OF THE VOTES CAST AT A PROPERLY CONSTITUTED MEETING OF THE NOMINATING AND CORPORATE GOVERNANCE COMMITTEE OF THE BOARD OF DIRECTORS OF MASTERCARD INCORPORATED. AMENDING CERTAIN SECTIONS OF THE FOUNDATION'S BYLAWS ALSO REQUIRES APPROVAL BY MASTERCARD INCORPORATED. PART VI LINE 11 THE FORM 990 IS PREPARED BY DELOITTE LLP ("DELOITTE"), BASED ON THE INFORMATION PROVIDED BY MANAGEMENT. PRIOR TO FILING, THE FORM 990 IS APPROVED BY THE BOARD OF DIRECTORS. PART VI LINE 12C FOUNDATION OFFICERS MUST COMPLY WITH THE EMPLOYEE CODE OF CONDUCT WHICH REQUIRES AN INITIAL DISCLOSURE FORM BEFORE HIS OR HER INVOLVEMENT WITH ANY OPERATIONS OF THE FOUNDATION. THIS DISCLOSURE IDENTIFIES ANY RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES IN WHICH THE INDIVIDUAL MAY BE INVOLVED THAT HE OR SHE BELIEVES COULD CAUSE A CONFLICT OF INTEREST. THIS INITIAL DISCLOSURE MUST BE CONFIRMED ANNUALLY AND UPDATED WHENEVER SUBSTANTIAL CHANGES OCCUR. THE BOARD OF DIRECTORS ARE GOVERNED UNDER THE CONFLICT OF INTEREST PROVISIONS SET OUT IN THE FOUNDATION'S BYLAWS AND CODE OF CONDUCT FOR DIRECTORS. FOR BOTH OFFICERS AND DIRECTORS THE DISCLOSURE FORMS ARE REVIEWED AS THEY ARE SUBMITTED AND ANY POTENTIAL CONFLICTS ARE ADDRESSED. BOARD MEMBERS WITH A CONFLICT OF INTEREST DO NOT VOTE ON ANY MATTER RELATED TO THE ISSUE FOR WHICH THEY HAVE A CONFLICT, OR RESIGN FROM THE BOARD, AS APPLICABLE. PART VI LINE 15A AND 15 B THE TALENT AND COMPENSATION COMMITTEE APPROVES COMPENSATION FOR THE PRESIDENT/CEO. PRESIDENT/CEO APPROVES SALARIES FOR ALL EXECUTIVE COMMITTEE MEMBERS AND THE TALENT AND COMPENSATION COMMITTEE ENDORSES CHANGES TO COMPENSATION FOR THE PRESIDENT/ CEO AND THE EXECUTIVE COMMITTEE. EXTERNAL CONSULTANTS ARE ENGAGED TO CONDUCT COMPETITIVE REVIEWS OF COMPENSATION FOR THE PRESIDENT/CEO, EXECUTIVE COMMITTEE, AND ALL STAFF. EXTERNAL CONSULTANTS ARE ALSO ENGAGED TO ADVISE ON COMPENSATION STRATEGY. THE FOUNDATION REVIEWS COMPENSATION PLANNING DATA PROVIDED BY EXTERNAL CONSULTANTS FOR SALARY ADJUSTMENTS PERIODICALLY. PART VI LINE 19 GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC. FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC THROUGH THE FOUNDATION'S WEBSITE. Mastercard Foundation Asset Management 250 YONGE STREET SUITE 2400 Toronto Ontario CA M5B2L7 ASSET MANAGEMent CA Mastercard F C corp 100 100 1.00000 true true false false false false false false false false false false true true false false true false false false MASTERCARD FOUNDATION ASSET MANAGEMENT CORPOR a 187154 Cash MASTERCARD FOUNDATION ASSET MANAGEMENT CORPOR l 273776 Cash MASTERCARD FOUNDATION ASSET MANAGEMENT CORPOR p 46093 Cash MASTERCARD FOUNDATION ASSET MANAGEMENT CORPOR m 15220845 Cash