Overview
The Mastercard Impact Fund, based in Purchase, New York, is a philanthropic entity associated with Mastercard. It focuses on driving social impact through various initiatives and partnerships across the globe. The fund has significant financial resources, with assets totaling over $183 million, and it spent approximately $77 million in expenses. Despite its substantial expenses, the fund's revenue was about $9 million. The Mastercard Impact Fund supports a wide range of cities and states, both in the United States and internationally, including major cities like New York, London, and Singapore. The leadership team includes notable figures such as Martina Hund-Mejean as the Director and Chair, and Shamina Singh as the Director and President. The fund's operations are supported by a team of directors and vice presidents who contribute their expertise without monetary compensation. The foundation's website provides more information about its mission and activities.
Focus areas
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Financials
in 2024, compared to $237,082,053 in 2023
64 grants awarded in 2024
Of total expenses go to programs
Grants
| Purpose | Location | |||
|---|---|---|---|---|
| $11,000,000 | DAI GLOBAL LLC | SMALL BUSINESS - STRIVE | 7600 WISCONSIN AVENUE BETHESDA, MD US | 2024 |
| $8,748,652 | CARIBOU DIGITAL (UK) LTD | SMALL BUSINESS - STRIVE | 56 ECHO BARN LANE FARNHAM, UK | 2024 |
| $7,800,000 | NEW VENTURE FUND | DATA FOR SOCIAL IMPACT | 1828 L STREET NW SUITE 300 A WASHINGTON, DC US | 2023 |
| $5,432,529 | THE ASPEN INSTITUTE | OTHER STRATEGIC | 2300 N ST NW 700 WASHINGTON, DC US | 2023 |
| $5,378,274 | THE ASPEN INSTITUTE | OTHER STRATEGIC | 2300 N ST NW 700 WASHINGTON, DC US | 2024 |
| $5,200,000 | ACCION INTERNATIONAL | SMALL BUSINESS | 1101 15TH ST NWSUITE 400 WASHINGTON, DC US | 2023 |
| $4,099,209 | YOUR CAUSE | EMPLOYEE MATCH | 6505 W PARK BLVD SUITE 306 PMB369 PLANO, TX US | 2024 |
| $3,618,681 | NEW VENTURE FUND | DATA FOR SOCIAL IMPACT | 1828 L STREET NW SUITE 300 A WASHINGTON, DC US | 2024 |
| $3,515,949 | COOPERATIVE FOR ASSISTANCE AND RELIEF EVERYWHERE INC (CARE) | SMALL BUSINESS - STRIVE | 151 ELLIS STREET NE ATLANTA, GA US | 2024 |
| $2,763,000 | DATAKIND INC | DATA FOR SOCIAL IMPACT | 195 MONTAGUE STREET 14TH FLOOR BROOKLYN, NY US | 2023 |
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People
Compensation data from most recent available 990 forms
| Title | |||
|---|---|---|---|
MH
MARTINA HUND-MEJEAN
| DIRECTOR, CHAIR | $0 | 2023 |
MF
MICHAEL FROMAN
| DIRECTOR | $0 | 2023 |
WM
WALTER MACNEE
| DIRECTOR | $0 | 2023 |
SS
SHAMINA SINGH
| DIRECTOR, PRESIDENT | $0 | 2023 |
SA
SANDRA ARKELL
| VICE PRESIDENT | $0 | 2023 |
MC
MILLIE CHUN
| VICE PRESIDENT | $0 | 2023 |
DD
DENA DEVANEY
| VICE PRESIDENT | $0 | 2023 |
AK
ALFRED KIBE
| TREASURER UNTIL JUNE 2022 | $0 | 2023 |
II
ISSIDOR ILLIEV
| ASSISTANT TREASURER | $0 | 2023 |
NL
NICOLE LINDSAY
| ASST. TREASURER UNTIL 2/25/22 | $0 | 2023 |
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Financial data sourced from IRS 990 forms via ProPublica Nonprofit Explorer
View on ProPublica Nonprofit ExplorerLast updated on August 25, 2025