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MASTERCARD IMPACT FUND

PURCHASE, NY · EIN 824717403 · Form 990PF · FY2024 · NTEE B82 · Education · Large ($10M-$50M)
revenue
$31.3M
expenses
$5.0M
net assets
$109.8M
employees
profile · synthesized from sources

The Mastercard Impact Fund is a New York-based foundation focused on advancing financial security and economic inclusion through strategic grantmaking. It supports initiatives in small business development, data for social impact, and employee giving. The fund is affiliated with Mastercard and operates as a corporate foundation within the education and social impact space.

named programs · 4 · from sources

What they call their work

Data for Social Impact
Initiative funding research and technology platforms that leverage data to improve economic and social outcomes in underserved populations
Employee Giving Match
Matching donations made by Mastercard employees to eligible nonprofits, amplifying individual philanthropy
Financial Security Initiatives
Supports programs that expand financial inclusion and resilience, including partnerships with organizations like CARE and Accion International
Small Business Support
Grants to strengthen small business ecosystems globally, focusing on access to capital, digital tools, and market opportunities
activities · 4 groups

What they do

  • University-Specific Endowment and Program Funding 1 activity
    • Funding data-driven social impact programs and research
      Funds entities including the New Venture Fund, AUC Consortium, and Howard University to leverage data for social impact, particularly in higher education and research contexts.
  • Workplace and Affiliate Giving Programs 1 activity
    • Funding employee charitable giving matching programs
      Provides funding to the American Online Giving Foundation Inc. to match employee charitable contributions as part of its corporate social responsibility strategy.
  • Flexible Grants to Grassroots Organizations 1 activity
    • Funding small business development and financial inclusion initiatives
      Funds organizations such as Accion International, CARE, DAI Global LLC, Caribou Digital (UK) Ltd, and Fundacion Capital Fundak to support small business development, innovation, and access to financial services.
  • Climate Change Research and Advocacy Funding 1 activity
    • Funding strategic and institutional initiatives to advance social impact
      Supports strategic social impact efforts through grants to The Aspen Institute and The Earthshot Prize, focusing on environmental solutions and systemic change.
financials · form 990PF · fy2024
revenue
Total revenue$31.33M
Contributions & grants$25.00M80%
Program service revenue
Investment income$6.32M20%
Other revenue
expenses
Total expenses$4.96M
Program expenses
Admin / overhead
Fundraising
Salaries & benefits$0
Grants paid out$62.07M
balance sheet
Total assets$143.23M
Cash
Investments
Liabilities
Net assets$109.76M
4 years on record · 2020–2024 · YoY revenue +247.2%
leadership · form 990 part vii · fy2024

Who runs it

board members · 5
  • JON HUNTSMAN — DIRECTOR
  • MARTINA HUND-MEJEAN — DIRECTOR, CHAIR
  • SHAMINA SINGH — DIRECTOR, PRESIDENT
  • TIM MURPHY — DIRECTOR
  • WALTER MACNEE — DIRECTOR
relationships · 11

Who they work with

  • ACCION INTERNATIONAL Partner — Funded to expand financial inclusion for small businesses.
  • AMERICAN ONLINE GIVING FOUNDATION INC Partner — Funded to administer employee giving match programs.
  • AUC CONSORTIUM Partner — Funded to build data capacity in African universities for social impact.
  • CARIBOU DIGITAL (UK) LTD Partner — Funded to advance small business innovation through digital tools.
  • COOPERATIVE FOR ASSISTANCE AND RELIEF EVERYWHERE INC (CARE) Partner — Funded to support small business initiatives in underserved communities.
  • DAI GLOBAL LLC Partner — Funded to implement small business development programs.
  • FUNDACION CAPITAL FUNDAK Partner — Funded to promote small business development in Latin America.
  • NEW VENTURE FUND Partner — Funded to support data-driven social impact projects.
  • THE ASPEN INSTITUTE Partner — Funded for strategic social impact initiatives.
  • THE EARTHSHOT PRIZE Partner — Funded to support environmental innovations that improve financial security.
  • THE HOWARD UNIVERSITY Partner — Funded to conduct research and programs using data for social impact.
strategies · 2

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.