Mastercard Foundation

Non-profit supporting youth education and employment

Toronto, Ontario, Canada

About Mastercard Foundation

The Mastercard Foundation focuses on creating opportunities for young people in Africa and Indigenous communities in Canada by promoting access to education and financial inclusion. Its programs, such as the Mastercard Foundation Scholars Program, provide scholarships, mentorship, and seed funding to help young leaders overcome barriers to quality education. The foundation also runs the Social Venture Challenge, which supports young entrepreneurs with funding and networking opportunities. Unlike many organizations, the Mastercard Foundation emphasizes collaboration with the private sector and civil society to drive impactful change. Its goal is to foster an environment where young people can thrive and contribute to their communities.

Toronto, CanadaHeadquarters
2006Year Founded
N/ACompany Stage
Social Impact, EducationIndustries
501-1,000Employees

Risks

Increased competition in African education may dilute Mastercard Foundation's impact.
Over-reliance on specific partnerships may limit program flexibility and adaptability.
Economic instability in regions like Ethiopia may hinder employment initiatives.

Differentiation

Mastercard Foundation partners with diverse organizations to enhance education and financial inclusion.
Focus on African and Indigenous communities sets it apart from other global foundations.
Programs like Scholars Program and Social Venture Challenge foster young leaders and entrepreneurs.

Upsides

Rising EdTech platforms in Africa align with Mastercard Foundation's educational initiatives.
Increased digital financial services in Africa boost financial inclusion opportunities.
Growing youth-led startups in Africa offer mentorship and investment opportunities.