copy the linklink copied!MasterCard Foundation

copy the linklink copied!Introduction

The MasterCard Foundation is a Canadian-based private philanthropic foundation established in 2006, endowed with shares in MasterCard International. The foundation operates independently under the governance of its own Board of Directors. The MasterCard Foundation partners with more than visionary organisations to advance education and financial inclusion to catalyse prosperity in developing countries, particularly in Africa.

The MasterCard Foundation is one of the most generous foundations working for development.

The MasterCard Foundation has been sharing commitment and disbursement data with the OECD Development Co-operation Directorate since 2018.

copy the linklink copied!Private development finance

In 2017, the MasterCard Foundation provided USD 277.8 million in private development finance through standard grants.

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All of the foundation’s funding was provided bilaterally. However, 6.8% was implemented by multilateral organisations (multi-bi/non-core contributions).

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In 2017, USD 92.3 million (33.2%) of the foundation’s activities was channelled to/through civil society organisations (CSOs) and USD 119.5 million (43.0%) to/through universities, colleges or other teaching institutions, research institutes or think tanks. Moreover, USD 23.1 million (8.3%) was channelled through other private sector entities, and USD 18.1 million (6.5%) to/through networks and public-private partnerships. See the methodological notes for further details on channels of delivery.

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In 2017, the MasterCard Foundation’s financing was primarily focused on Africa. USD 274.6 million (98.8%) was allocated to south of Sahara Africa.

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In 2017, 54.4% of the MasterCard Foundation’s funding was concentrated on its top 10 recipients. Support to fragile contexts reached USD 124.4 million in 2017 (44.8%).

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In 2017, 40.8% of the MasterCard Foundation’s activities (USD 113.4 million) was allocated to the least developed countries (LDCs), followed by lower middle-income countries (19.3%), noting that 36.4% was unallocated by income group.

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In 2017, 86.9% of the foundation’s activities was allocated to social infrastructure and services (USD 67.1 million), with a significant focus on education. Further, USD 6 million (7.8%) was allocated to production sectors, and agriculture in particular, and USD 4.2 million (5.4%) to economic infrastructure and services, mainly in support of banking and financial services.

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USD 4.1 million of the foundation’s funding supported gender equality. In 2017, 5.3% of the MasterCard Foundation’s sector-allocable activities had gender equality and women’s empowerment as a principal or significant objective. The MasterCard Foundation’s activities on health had a particular focus on gender equality.

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Note: The gender focus of the MasterCard Foundation’s grant making was estimated using grant descriptions.

copy the linklink copied!Additional resources

MasterCard Foundation: https://mastercardfdn.org

Role of philanthropy in financing for development: www.oecd.org/development/financing-sustainable-development/development-finance-standards/beyond-oda-foundations.htm

OECD CRS database, Private philanthropy for development: https://stats.oecd.org/Index.aspx?DataSetCode=DV_DCD_PPFD

Reporting to the OECD since 2018.

Metadata, Legal and Rights

https://doi.org/10.1787/2dcf1367-en

© OECD 2019

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