Mastercard Impact Fund
Preselected recipients only
Mastercard Impact Fund is a private foundation in Purchase, New York. In tax year 2024 it gave $56.5 million in 52 grants; the typical grant was $375,000 and the largest $17.7 million. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$56.5 million
- Number of grants52
- Typical grant$375,000
- Largest grant$17.7 million
- Assets$143 million
- New grantees37%
Giving in 2024 was down from $74.7 million the year before.
37% of its 2024 grantees had not received a grant from it the year before, a mix of repeat and new grantees.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2021 | $72.6 million | 69 | $231 million |
| 2023 | $74.7 million | 64 | $183 million |
| 2024 | $56.5 million | 52 | $143 million |
How to apply
Mastercard Impact Fund says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
Foundation website IRS filings on ProPublica
What Mastercard Impact Fund funds
Where it gives
Its US grants went to recipients in 15 states, the most to Maryland. It also paid $12.5 million in 14 grants to recipients outside the US.
| State | Grants | Amount |
|---|---|---|
| Maryland | 1 | $17.7 million |
| District of Columbia | 8 | $11.4 million |
| Georgia | 3 | $6.6 million |
| New York | 10 | $4.7 million |
| Delaware | 1 | $4.7 million |
| Virginia | 3 | $1.1 million |
| Massachusetts | 1 | $850,000 |
| Minnesota | 1 | $650,000 |
| Missouri | 2 | $570,196 |
| California | 2 | $525,000 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Dai Global LLC | Small business | $17.7 million |
| American Online Giving Foundation Inc | Employee giving match | $4.7 million |
| Cooperative for Assistance and Relief Everywhere Inc (Care) | Small business | $4.1 million |
| The Aspen Institute | Other strategic | $3.5 million |
| Caribou Digital (Uk) LTD | Small business | $3.5 million |
| New Venture Fund | Data for social impact | $3.4 million |
| Accion International | Small business | $2.8 million |
| Auc Consortium | Data for social impact | $2.2 million |
| Fundacion Capital Fundak | Small business | $1.9 million |
| Caribou Digital (Uk) LTD (Eur) | Small business | $1.7 million |
| The Earthshot Prize | Financial security | $1.2 million |
| The Howard University | Data for social impact | $1.1 million |
| Business for Social Responsibility | Financial security | $1.0 million |
| National Urban League Inc | Small business | $1.0 million |
| The Governing Council of the University of Toronto | Other strategic | $1.0 million |
| Weill Cornell Medical College | Other strategic | $1.0 million |
| Bankable Frontier Associates LLC | Small business | $850,000 |
| The Uk Online Giving Foundation | Employee giving match | $717,690 |
| Community Reinvestment Fund Inc | Small business | $650,000 |
| Yayasan Mercy Corps Indonesia (Ymci) | Small business | $609,637 |
| American Red Cross | Disaster relief | $500,000 |
| Capital Impact Partners | Small business | $500,000 |
| Cyberpeace Institute | Data for social impact | $500,000 |
| The Productivity Group (Be the Business) | Small business | $425,000 |
| Washington University | Data for social impact | $403,196 |
| The Asia Foundation | Small business | $400,000 |
| United Way Worldwide | Other strategic | $350,000 |
| Russell Center for Innovation and Entrepreneurship | Small business | $320,000 |
| Frontier Innovations Foundation | Small business | $317,597 |
| Elton John AIDS Foundation Inc | Discretionary | $300,000 |
| Consumers International (GBP) | Data for social impact | $298,657 |
| Columbia University | Data for social impact | $250,000 |
| Equality Now | Data for social impact | $250,000 |
| The Rector and Visitors of the University of Virginia | Data for social impact | $250,000 |
| Urban Impact Inc | Small business | $250,000 |
| World Data Lab | Data for social impact | $225,000 |
| Haqdarshak Empowerment Solutions Private Limited | Small business | $217,845 |
| Centre for Public Impact | Data for social impact | $200,000 |
| Smithsonian Institution | Discretionary | $200,000 |
| St Louis Community Foundation Inc | Small business | $167,000 |
Officers and trustees
- Martina Hund-Mejean
- Walter Macnee
- Jon Huntsman
- Shamina Singh
- Tim Murphy
- Sandra Arkell
- Millie Chun
- Dena Devaney
- Tanya Southerland
- Kristin Haynes
- Vivian Zhou
- Indraneel Ganguly
- Latoya Murphy
Questions people ask
Does Mastercard Impact Fund accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does Mastercard Impact Fund give?
$56.5 million in tax year 2024, across 52 grants, with a typical grant of $375,000.
Who runs Mastercard Impact Fund?
Its 2024 filing lists Martina Hund-Mejean (Director, Chair), Walter Macnee (Director), Jon Huntsman (Director) and Shamina Singh (Director, President) among 13 officers and trustees.
What does Mastercard Impact Fund fund?
Based on its grants, mainly community development, international and human services.