Mastercard Foundation
Public foundationOrganizations relieving poverty·2400 - 250 YONGE ST · TORONTO, ON · M5B 2L7·BN 817387277RR0001·website ↗
Last reported: F2024 filing · period ending 2024-12-31
This is a foundation: it mostly grants money to other charities, so program-spending ratios are the wrong lens. We show the share of spending disbursed to qualified donees instead.
What it does — in its own words
Ongoing programs
THE FONDATION'S MISSION IS TO ADVANCE YOUTH EDUCATION AND PROMOTE FINANCIAL INCLUSION FOR FINANCIALLY DISADVANTAGED PERSONS AND COMMUNITIES. WITH A FOCUS ON AFRICA THE FOUNDATION AIMS TO EXPAND ACCESS TO LEARNING EMPLOYMENT ENTREPRENEURSHIP AND FINANCIAL SERVICES FOR PEOPLE LIVING IN POVERTY. TO FURTHER STRENGTHEN THE FIELD THE FOUNDATION SEEKS TO SHARE ITS LEARNING AND BEST PRACTICES WITHIN THE FINANCIAL INCLUSION YOUTH LIVELIHOODS EDUCATIONAL AND LEARNING SECTORS.
Program descriptions from its F2024 T3010 filing, verbatim · self-reported · this is also the text our semantic search matches against. source ↗
Tier 1 — what we computed (open data)
From the charity's own F2024 T3010 filing. Self-reported; not independently verified. You can recompute every figure.
Disbursed to qualified donees
T1 · computed (open data)25%
Per its F2024 T3010, this share of total spending went to other registered charities.
T3010 line 5050 ÷ 5100 · Self-reported on the T3010; not independently verified. source ↗
Operating overhead
T1 · computed (open data)9%
Management, administration, and fundraising as a share of total spending. We treat 5–35% as the typical range; we state the figure, you judge.
T3010 line (5010 + 5020) ÷ 4950 · Self-reported on the T3010; not independently verified. source ↗
Reserves
T1 · computed (open data)58.2 yr
Years current reserves could cover program spending.
Sector quartiles: 0.4 yr / 0.8 yr / 7.5 yr (p25 / median / p90).
T3010 line (4100 + 4140) ÷ 5000 · Self-reported on the T3010; not independently verified. source ↗
Total revenue
T1 · computed (open data)$13.4B
Last-reported total revenue.
T3010 line 4700 · Self-reported on the T3010; not independently verified. source ↗
Donor-funded
T1 · computed (open data)0%
Share of revenue from receipted donations.
T3010 line 4500 ÷ 4700 · Self-reported on the T3010; not independently verified. source ↗
Government-funded
T1 · computed (open data)0%
Share of revenue from federal, provincial, and municipal sources.
T3010 line 4570 (or 4540+4550+4560) ÷ 4700 · Self-reported on the T3010; not independently verified. source ↗
Over the years
Every figure as filed at each fiscal period end, 2019–2024.
| Period end | Revenue | Cents to cause | Overhead | Reserves |
|---|---|---|---|---|
| 2019-12-31 | $14.0B | 90¢ | 10% | 98.8 yr |
| 2020-12-31 | $6.5B | 95¢ | 5% | 46.7 yr |
| 2021-12-31 | $1.0B | 94¢ | 6% | 63.7 yr |
| 2022-12-31 | $-233249K | 93¢ | 7% | 44.4 yr |
| 2023-12-31 | $19.5B | 92¢ | 8% | 47.1 yr |
| 2024-12-31 | $13.4B | 89¢ | 9% | 58.2 yr |
| trend |
From its T3010 filings (CRA annual releases) · self-reported, not audited by us · when a period is restated in a later release, the newest figures are shown · ✱ = cents-to-cause outside the valid 0–100% range (filing error; not used in rankings). source ↗
★ Tier 2 — Charity Intelligence (analyst-reviewed)
Not rated by Charity Intelligence. Their analysts cover 618 of Canada's 83,761 charities; absence of a rating says nothing about this charity. Our computed figures above stand on their own.
Board of directors
13 directors reported · 13 of 13at arm's length
- ABDALLA, ZEINBOARD CHAIRarm's length
- AHDEROM, SEWITDIRECTORarm's length
- AMOS, VALERIEDIRECTORarm's length
- ARBOUR, LOUISEDIRECTORarm's length
- BAILLIE, DOUGLASVICE BOARD CHAIRarm's length
- CALHOUN, CRAIGDIRECTORarm's length
- FONSTAD, JENNIFERDIRECTORarm's length
- GEBREYES, TSEGADIRECTORarm's length
- IRELAND, JAYDIRECTORarm's length
- JOHNSON SIRLEAF, ELLENDIRECTORarm's length
Show all 13 directors
- SABIA, MICHAELDIRECTORarm's length
- WASHINGTON, ROBINDIRECTORarm's length
- WAINANA, CAROLEDIRECTORarm's length
From its F2024T3010 filing (public CRA record), as filed. “Arm's length” means not related to other officials by family or business ties. source ↗
Right of reply
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Verify everything: full public record on CharityData.ca ↗ · CRA charities listing ↗