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Mastercard Foundation

General Information

Name: Mastercard Foundation

Established: 2006

Headquarters: Toronto, Ontario, Canada

President & CEO: Reeta Roy

Assets (2024): $47 billion

Global Presence: Offices in Toronto, Kigali, Accra, Nairobi, Kampala, Lagos, Dakar, and Addis Ababa

History

The Mastercard Foundation was established in 2006 following Mastercard’s initial public offering (IPO), with a donation of 13.5 million shares valued at approximately $600 million. It is an independent, non-profit organization separate from Mastercard Inc., with its own board and leadership. Initially, the foundation focused on education and financial inclusion, later adopting the “Young Africa Works” strategy in 2018 to empower young people in Africa, aiming to help 30 million youth secure dignified and fulfilling work by 2030

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