EIN 82-4717403

Mastercard Impact Fund

Name: Mastercard Impact Fund financials for 2023
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

Grantmaking|Financials|Peers

IRS 501(c) type

501(c)(3)

Num. employees

City

Purchase

State

New York

Year formed

2018

Most recent tax filings

2023-12-01

NTEE code, primary

T21: Corporate foundations

Description

The Mastercard Impact Fund primarily funds small businesses, supports data for social impact, provides disaster relief including assistance for Ukraine, and invests in strategic initiatives focusing on the future of workers. It awarded 73 grants last year to various organizations, including the New Venture Fund, and operates as a corporate foundation of Mastercard International Inc., located in Purchase, NY.

Total revenues

$9,024,076

2023

Total expenses

$77,454,097

2023

Total assets

$183,357,220

2023

Num. employees

2023

Grants made by Mastercard Impact Fund

Grantee	Grant description	Grant year	Amount
The Aspen Institute	Other Strategic	2023-12	$5,378,274
New Venture Fund	Data for Social Impact	2023-12	$3,618,681
Accion	Small Business	2023-12	$2,333,004
...and 30 more grants made totalling $31,227,648

Financials for Mastercard Impact Fund

Revenues	FYE 12/2023	FYE 12/2022	% Change
Total grants, contributions, etc.	$0	$67,000,000	-100%
Investment income and dividends	$9,024,076	$3,443,738	162%
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$0	$0	-
Gross sales of inventory	$0	$0	-
Miscellaneous revenues	$0	$2,850	-100%
Total revenues	$9,024,076	$70,446,588	-87.2%

Organizations like Mastercard Impact Fund

Organization	Type	Location	Revenue
Gilead Foundation	501(c)(3)	Foster City, CA	$5,031,327
Herb Kohl Educational Foundation	501(c)(3)	Milwaukee, WI	$3,301,773
Blue Cross Blue Shield of North Dakota Caring Foundation	501(c)(3)	Fargo, ND	$3,473,127
The Nu Skin Force for Good Foundation	501(c)(3)	Provo, UT	$3,009,940
Morgan Stanley Foundation	501(c)(3)	New York, NY	$4,420,585
BECU Foundation	501(c)(3)	Tukwila, WA	$2,911,080
David and Barbara B Hirschhorn Foundation	501(c)(3)	Baltimore, MD	$2,414,649
Northwestern Mutual Life Foundation	501(c)(3)	Milwaukee, WI	$40,143,095
American Fidelity Foundation	501(c)(3)	Oklahoma City, OK	$7,376,739
The Bob & Renee Parsons Foundation	501(c)(3)	Scottsdale, AZ	$26,631,636

Data update history

February 16, 2025

Updated personnel

Identified 2 new personnel

January 20, 2025

Posted financials

Added Form 990PF for fiscal year 2023

January 6, 2025

Used new vendors

Identified 3 new vendors, including , , and

August 30, 2024

Updated personnel

Identified 23 new personnel

August 26, 2024

Posted financials

Added Form 990PF for fiscal year 2021

Nonprofit Types

Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCorporate foundationsCharities

Issues

Education

Characteristics

Provides grantsPartially liquidatedState / local levelTax deductible donationsNo full-time employeesAccepts online donations

General information

Address: 2000 Purchase St; Purchase, NY 10577
Metro area: New York-Newark-Jersey City, NY-NJ-PA
County: Westchester County, NY
Website URL: mastercardcenter.org/about-the-center/the-center
Phone: (914) 249-2000

IRS details

EIN: 82-4717403
Fiscal year end: December
Taxreturn type: Form 990-PF
Year formed: 2018
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: T21: Corporate foundations
NAICS code, primary: 813211: Grantmaking Foundations
Parent/child status: Independent

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Mastercard Impact Fund

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