2019-05-14T17:45:21-05:00 2018-12-31 Deloitte LLP 8 Adelaide Street West Suite 200 Toronto Ontario CA M5H 0A9 990 2018-01-01 980543843 MASTERCARD FOUNDATION (FKA The Mastercard Foundation) % DAVID MARLOW MAST 4162142857 250 Yonge Street Suite 2400 TORONTO ONTARIO CA M5B 2L7 REETA ROY CEO 6472141923 2019-05-14 James McDonald P01297490 4166016150 2019-04-10 72.28.80.45 98055220191345000033 2019-05-14 P 79ABA6335B04EB57B259814CE4D6B7A406791EB0 7C3FADCA04A9E352768F81D5ABA4ED0027ECA6EF 2018 2020-01-14 16:20:31Z David marlow 2400 - 250 Yonge Street TORONTO ONTARIO CA M5B 2L7 112205391 false X www.mastercardfdn.org X 2005 MASTERCARD FOUNDATION ADVANCES YOUTH LEARNING AND FINANCIAL INCLUSION TO CATALYZE PROSPERITY IN DEVELOPING COUNTRIES. 10 10 1 0 0 0 0 0 0 0 127064191 111726587 471373 478804 127535564 112205391 278150727 266327587 0 0 9857493 12716846 0 0 0 15904522 18478918 303912742 297523351 -176377178 -185317960 14004487207 17401495233 3508201 5667903 14000979006 17395827330 X MASTERCARD FOUNDATION SEEKS A WORLD WHERE EVERYONE HAS THE OPPORTUNITY TO LEARN AND PROSPER. THE FOUNDATION'S WORK IS GUIDED BY ITS MISSION TO ADVANCE LEARNING AND FINANCIAL INCLUSION FOR PEOPLE LIVING IN POVERTY. false false 18315763 18315763 MasterCard Foundation partners with University of Edinburgh in Youth Learning. The objective of the Scholars Program is to support academically talented, yet financially disadvantaged students from Africa to complete tertiary education, while fostering their leadership skills and their capacity to give back to their communities. University of Edinburgh is one of the partner universities in the Scholars Program and is supporting 80 undergraduate and 160 graduate students. 16813154 16813154 MasterCard Foundation partners with American University of Beirut in Youth Learning. The objective of the Scholars Program is to support academically talented, yet financially disadvantaged students from Lebanon and Africa to complete tertiary education, while fostering their leadership skills and their capacity to give back to their communities. American university of Beirut is one of the partner universities in the Scholars Program and is supporting both undergraduate and graduate students. 8291358 8291358 MasterCard Foundation partners with United Nations Capital Development Fund in Financial Inclusion. The objective of the program are: -Expand mobile and other channels to provide financial services to low-income clients in three Least Developed Countries (LDC's) in Africa. -Share best practices on how to improve services for clients and expand access through the use of agents. 69053814 69053814 OTHER FINANCIAL INCLUSION PROGRAMS 153853498 153853498 OTHER YOUTH LEARNING PROGRAMS 14831103 OTHER PROGRAM SERVICES EXPENSES 656725 656725 Direct Implementation (Program related expense) 238395140 223564037 281815415 false false false false false false false false true true false false false true false true false false true true true false false false false false true false true false false false false false false false false false false false false false false false false true 0 0 1 true false true CA RW false false false false true false X 10 10 false false false false true true true true true false false true true true true true false true true false X DAVID MARLOW 4162142857 250 Yonge Street Suite 2400 TORONTO Ontario CA M5B 2L7 X X JAMES JIM LEECH BOARD CHAIR 0.0 6.0 X X 0 0 0 HUTHAM OLAYAN Board Secretary/Treasurer 0.0 3.0 X X 0 0 0 FESTUS MOGAE DIRECTOR 0.0 2.0 X 0 0 0 JENDAYI FRAZER DIRECTOR 0.0 2.0 X 0 0 0 CRAIG CALHOUN DIRECTOR 0.0 2.0 X 0 0 0 DOUGLAS DOUG BAILLIE BOARD VICE-CHAIR 0.0 3.0 X X 0 0 0 Zein Abdalla Director 0.0 2.0 X 0 0 0 Jay Ireland Director 0.0 2.0 X 0 0 0 Valerie Amos Director 0.0 2.0 X 0 0 0 JENNIFER FONSTAD DIRECTOR 0.0 2.0 X 0 0 0 REETA ROY PRESIDENT/CEO 0.0 60.0 X X 713607 0 296692 PETER MATERU CHIEF PROGRAM OFFICER 0.0 55.0 X 368891 0 9276 DAVID MARLOW CHIEF OF OPERATIONS 0.0 55.0 X 248208 0 16511 SHARON ALTON DIRECTOR, People & Culture 0.0 45.0 X 190345 0 8887 TONI TIEMENS DIRECTOR, CORP. COMMUNICATIONS 0.0 45.0 X 162000 0 9542 ANN MILES DIRECTOR, leadersp&innovation 0.0 45.0 X 340933 0 37661 PEGGY WOO STRATEGIC ADVISOR 0.0 45.0 X 270947 0 5501 LINDSAY WALLACE DIRECTOR, STRATEGY & LEARNING 0.0 45.0 X 192651 0 9551 MEREDITH LEE DIRECTOR PROGRAMS 0.0 40.0 X 147261 0 9529 Kimberley KERR DIRECTOR REGIONAL PROGRAMS 0.0 40.0 X 150901 0 8455 JAMES COOKE DIRECTOR, FINANCE & ACCOUNTING 0.0 40.0 X 177518 0 9144 ALEMAYEHU KONDE KORIA COUNTRY REPRESENTATIVE RWANDA 0.0 40.0 X 166064 0 36569 Mary Tangelder ASSOCIATED DIRECTOR INSIGHTS 0.0 40.0 X 141686 0 9527 Stefan Harpe Former Deputy Director,Fin.INC 0.0 40.0 X 141556 0 6030 3412568 0 472875 41 true true false CARTERS PROFESSIONAL CORPORATION 211 BROADWAY ORANGEVILLE ONTARIO 0 CA L9W 1K4 LEGAL SERVICES 564552 DELOITTE LLP 8 ADELAIDE STREET WEST SUITE 200 TORONTO ONTARIO CA M5H 0A9 CONSULTING SERVICES 550399 Millennium Travel Pty Ltd 22 1ST AVE DUNVEGANEDENVALE PO BO MODDERFONTEIN 0 SF 1645 Travel, Conference 766131 Dalberg Consulting 1ST FLOORGROSVENOR CORNER 195 JAN ROSEBANK JOHANNESBURG SF 2193 consulting services 591639 PROOF STRATEGIES INC 1140 3RD STREET NE SUITE 317 WASHINGTON DC 20002 PUBLIC RELATIONS 598040 32 0 0 118522308 118522308 0 0 478804 478804 0 478804 478804 -6795721 -6795721 -6795721 -6795721 0 0 0 0 0 0 0 0 0 0 112205391 112205391 101315649 101315649 0 165011938 165011938 0 2881203 1297519 1583684 0 8286644 5603731 2682913 0 1548999 1063817 485182 0 0 904336 183288 721048 127932 127932 0 0 0 7767045 3426989 4340056 0 1293719 1293719 568250 568250 0 1639288 322348 1316940 2385811 1178461 1207350 0 1507691 1493552 14139 0 0 589769 589769 181842 181842 0 HUMAN RESOURCE COSTS 856511 261399 595112 DIRECT IMPLEMENTATION COSTS 656724 656724 297523351 281815415 15707936 0 0 0 31460481 9015665 0 0 1254206 932913 0 0 0 0 0 0 0 0 1200580 1130819 4525530 1244560 2819396 3280970 13967145300 17386501173 0 0 0 0 607244 633693 0 0 14004487207 17401495233 2874361 4719423 613800 930051 0 0 0 0 0 0 0 0 0 0 0 0 20040 18429 3508201 5667903 X 33833706 9326157 13967145300 17386501173 0 0 14000979006 17395827330 14004487207 17401495233 -185317960 3580166284 X false true X true false 13967145300 3419382829 26956 17386501173 9442959245 4524186327 273 13967145299 9168689479 274270467 701 9442959245 8249210825 16774271 902706973 2590 9168689479 8011250521 105385917 132589047 14660 8249210825 0.01000 0.99000 false false 3086573 860067 2226506 380150 142756 237394 1058806 241736 817070 3280970 0 TENANTS' DEPOSITS 18429 18429 3692460327 3580166285 3580166285 112294042 -88651 -88651 112205391 297612002 88651 88651 297523351 297523351 SCHEDULE D, PART V, LINE 4 THE FOUNDATION'S ENDOWMENT FUNDS ARE INTENDED TO PROVIDE REVENUE TO FULFILL THE FOUNDATION'S MISSION OF HELPING TO CREATE OPPORTUNITIES FOR PEOPLE TO HARNESS THEIR OWN SKILLS AND RESOURCES TO IMPROVE THEIR QUALITY OF LIFE BY ADVANCING EFFECTIVE AND INNOVATIVE PROGRAMS IN FINANCIAL INCLUSION AND YOUTH LEARNING WORLDWIDE, WITH MAJOR FOCUS IN AFRICA. SCHEDULE D, PART XI, LINE 4B TO REALLOCATE THE AGGREGATE NEGATIVE RESULT FROM BOTH REALIZED AND UNREALIZED FOREIGN EXCHANGE GAINS AND LOSSES TO THE REVENUE RECONCILIATION: -$88,651 SCHEDULE D, PART XII, LINE 2D TO REALLOCATE THE AGGREGATE NEGATIVE RESULT FROM BOTH REALIZED AND UNREALIZED FOREIGN EXCHANGE GAINS AND LOSSES TO THE REVENUE RECONCILIATION: $88,651 true Central America and the Caribbean Program Services youth learning & Finan 4956005 Europe (Including Iceland and Greenland) Program Services youth learning & Finan 19727764 North America 1 144 Program Services youth learning & Finan 8529306 Sub-Saharan Africa 1 11 Program Services youth learning & Finan 131798863 2 155 2 155 165011938 165011938 Sub-Saharan Africa YOUTH LEARNING 5786785 North America FINANCIAL INCLUSION 200000 Sub-Saharan Africa FINANCIAL INCLUSION 1306115 Sub-Saharan Africa Youth Learning 8353439 Sub-Saharan Africa Youth lEARNING 8739436 Central America and the Caribbean Youth Learning 4956005 Sub-Saharan Africa Youth Learning 5239837 Sub-Saharan Africa Youth Learning 2109629 Sub-Saharan Africa Youth Learning 250000 Sub-Saharan Africa Youth Learning 1356144 Sub-Saharan Africa youth Learning 471609 North America Youth learning 50000 North America youth learning 20000 North America YOUTH LEARNING 3728428 Sub-Saharan Africa YOUTH LEARNING 1069028 North America YOUTH LEARNING 50000 Sub-Saharan Africa YOUTH LEARNING & SCHOLARS PROGRAM 571547 Sub-Saharan Africa FINANCIAL INCLUSION 200000 Sub-Saharan Africa YOUTH LEARNING 2934084 Sub-Saharan Africa FINANCIAL INCLUSION 3775742 Sub-Saharan Africa YOUTH LEARNING 100000 Sub-Saharan Africa YOUTH LEARNING 3551099 Sub-Saharan Africa YOUTH LEARNING 8979596 Sub-Saharan Africa FINANCIAL INCLUSION 99982 Sub-Saharan Africa FINANCIAL INCLUSION 19859449 Sub-Saharan Africa Youth Learning 1129832 North America Youth Learning 1293044 Sub-Saharan Africa Financial Inclusion 2037190 Sub-Saharan Africa Youth Learning 107350 Sub-Saharan Africa Youth Learning 2278448 Sub-Saharan Africa Youth Learning 3516444 Sub-Saharan Africa Financial inclusion 3753406 Sub-Saharan Africa Youth Learning 929516 Sub-Saharan Africa Financial Inclusion & YOUTH LEARNING 2115786 Sub-Saharan Africa Youth Learning 2276078 Sub-Saharan Africa Youth Learning 2709498 Sub-Saharan Africa Youth Learning 6157615 Sub-Saharan Africa Financial Inclusion 1291921 Sub-Saharan Africa Youth Learning 2727778 Sub-Saharan Africa Financial Inclusion 2198555 Sub-Saharan Africa Financial Inclusion 2432648 Sub-Saharan Africa Financial Inclusion 2960326 Sub-Saharan Africa Youth Learning 995544 Sub-Saharan Africa YOUTH LEARNING 914985 Sub-Saharan Africa Financial Inclusion 3531961 Sub-Saharan Africa YOUTH LEARNING 25000 Sub-Saharan Africa YOUTH Learning 249960 Sub-Saharan Africa Youth Learning 1863023 North America Youth Learning 382806 Europe (Including Iceland and Greenland) Youth Learning 908204 Europe (Including Iceland and Greenland) Youth Learning 249997 Sub-Saharan Africa Youth Learning 87519 Sub-Saharan Africa Financial Inclusion 768403 Europe (Including Iceland and Greenland) Youth Learning 18365763 Sub-Saharan Africa FINANCIAL INCLUSION 22602 Sub-Saharan Africa YOUTH LEARNING 250000 Sub-Saharan Africa YOUTH LEARNING 916364 Sub-Saharan Africa YOUTH LEARNING 25000 Sub-Saharan Africa YOUTH LEARNING 655394 Sub-Saharan Africa YOUTH LEARNING 445309 Sub-Saharan Africa YOUTH LEARNING 1139009 Sub-Saharan Africa YOUTH LEARNING 199983 Sub-Saharan Africa YOUTH LEARNING 920250 Sub-Saharan Africa FINANCIAL INCLUSION 100000 North America YOUTH LEARNING 100000 Sub-Saharan Africa YOUTH LEARNING 50089 Sub-Saharan Africa YOUTH LEARNING 1077763 North America YOUTH LEARNING 220000 Sub-Saharan Africa YOUTH LEARNING 250000 Sub-Saharan Africa FINANCIAL INCLUSION 249993 Sub-Saharan Africa YOUTH LEARNING 250000 North America YOUTH LEARNING 203091 Sub-Saharan Africa FINANCIAL INCLUSION 343301 Sub-Saharan Africa FINANCIAL INCLUSION 842551 Sub-Saharan Africa YOUTH LEARNING 100000 Europe (Including Iceland and Greenland) FINANCIAL INCLUSION 153800 Sub-Saharan Africa YOUTH LEARNING 45040 Sub-Saharan Africa YOUTH LEARNING 582712 Sub-Saharan Africa YOUTH LEARNING 100000 Sub-Saharan Africa FINANCIAL INCLUSION 100000 Sub-Saharan Africa YOUTH LEARNING 50000 Sub-Saharan Africa YOUTH LEARNING 64107 Sub-Saharan Africa YOUTH LEARNING 126225 Sub-Saharan Africa FINANCIAL INCLUSION 78113 Sub-Saharan Africa YOUTH LEARNING 248897 Sub-Saharan Africa YOUTH LEARNING 250000 North America YOUTH LEARNING 100000 Europe (Including Iceland and Greenland) YOUTH LEARNING 50000 Sub-Saharan Africa YOUTH LEARNING 100000 North America YOUTH LEARNING 1590811 North America YOUTH LEARNING 591125 Sub-Saharan Africa YOUTH LEARNING 249685 Sub-Saharan Africa YOUTH LEARNING 150000 2 91 false false false false false false SCHEDULE F, LINE 2 THE FOUNDATION USES RISK CRITERIA AND TOOLS TO GUIDE THE APPROVAL OF PROJECTS THAT ARE CONSISTENT WITH THE FOUNDATION'S MANDATE AND TO MONITOR THE USE OF PROJECT FUNDS. THE FOUNDATION'S PROJECT AND PARTNER SELECTION, AS WELL AS MANAGEMENT PROCESS INCLUDES SEVERAL STEPS. THE BOARD OF DIRECTORS APPROVES THE STRATEGIC DIRECTION OF THE FOUNDATION. POTENTIAL PARTNERS ARE THEN INVITED TO SUBMIT A PROJECT NOTE AND HIGH-LEVEL BUDGET TO INITIATE DISCUSSIONS ON THE SCOPE OF THE PROJECT. THIS STAGE ALSO INCLUDES THE COMPLETION OF AN ORGANIZATIONAL QUESTIONNAIRE, WHICH PROVIDES INFORMATION ON THE APPLICANT ORGANIZATION'S MISSION AND GOALS, AS WELL AS THE APPLICANT'S GOVERNANCE POLICIES, GOVERNMENT FILINGS AND FINANCIAL STATEMENTS OR ANNUAL REPORTS. TO COMPLY WITH ANTI-TERRORISM LEGISLATION, THE FOUNDATION SCRUTINIZES THE APPLICANT ORGANIZATION, ITS BOARD MEMBERS AND KEY EMPLOYEES AGAINST BOTH SUBSCRIBED AND PUBLISHED ANTI-TERRORISM WATCH LISTS. IF THE FOUNDATION DETERMINES THAT A PROJECT SHOULD MOVE FORWARD, THE FOUNDATION WILL INVITE THE APPLICANT TO COMPLETE A PROPOSAL AND DETAILED BUDGET. DURING THIS PROPOSAL DEVELOPMENT STAGE, THE FOUNDATION CONDUCTS FURTHER DUE DILIGENCE PROCEDURES. THIS MAY INCLUDE ENGAGING A THIRD PARTY TO REVIEW THE APPLICANT ORGANIZATION TO CONFIRM ITS TRACK RECORD AND CAPACITY TO UNDERTAKE AND REPORT ON THE PROJECT. THE FOUNDATION MAY ALSO CONDUCT AN ON-SITE DUE DILIGENCE VISIT TO MEET WITH THE APPLICANT ORGANIZATION'S STAFF AND OTHER STAKEHOLDERS. ONCE THE APPLICANT SUBMITS THE PROPOSAL AND BUDGET, THE FOUNDATION WILL CONDUCT AN ANALYSIS OF THE BUDGET, TESTING BUDGET ASSUMPTIONS FOR REASONABLENESS. THE FOUNDATION MAY ALSO SEEK THIRD PARTY REVIEW OF THE PROPOSAL TO VALIDATE THE PROJECT DESIGN. AFTER THE PROPOSAL DEVELOPMENT AND DUE DILIGENCE STAGE, LOW-RISK PROJECTS AND PROJECTS THAT FIT WITHIN A STRATEGIC INITIATIVE FOR WHICH THE BOARD HAS ESTABLISHED AN OVERALL BUDGET ARE SUBMITTED TO THE PRESIDENT/CEO FOR APPROVAL. ALL OTHER PROJECTS ARE SUBMITTED TO THE BOARD OF DIRECTORS FOR APPROVAL. ONCE APPROVED, A CONTRACT BETWEEN THE PARTIES IS EXECUTED AND PAYMENTS ARE ISSUED BASED ON PERFORMANCE. THROUGHOUT THE LIFECYCLE OF THE PROJECT, THE FOUNDATION ASSESSES WHETHER THE ORGANIZATION IS CARRYING OUT ACTIVITIES CONSISTENT WITH THE PURPOSES FOR WHICH THE FUNDS WERE APPROVED. THIS IS DONE BY USING FINANCIAL AND NARRATIVE REPORTING FROM THE ORGANIZATION, AND WHERE APPLICABLE ON-SITE PROJECT VISITS, MEETINGS WITH THE ORGANIZATION AS WELL AS THIRD PARTY REVIEWS AND REPORTS. AN ASSESSMENT OF COMPLIANCE WITH ANTI-TERRORISM LEGISLATION AND OTHER DUE DILIGENCE PROCEDURES ARE DONE ON AN ANNUAL BASIS FOR MULTI-YEAR PROJECTS. true ACCION International 10 FAWCETT ST STE 204 CAMBRIDGE MA 021381171 132535763 501(c)3 3176191 FINANCIAL INCLUSION Boulder Institute of Microfinance 120 E Washington St Suite 200 Syracuse NY 13202 201175839 501(c)3 330000 FINANCIAL INCLUSION BRAC USA Inc 110 WILLIAM STREET 29TH FLOOR NEW YORK NY 10038 208456741 501(c)3 6412952 YOUTH LEARNING The World Bank 1818 H Street NW WASHINGTON DC 20433 521186444 501(c)7 249190 YOUTH LEARNING University System of New Hampshire 73 Main Street Carsey Institute Huddleston Hall DURHAM NH 03824 026000937 501(c)3 200000 FINANCIAL INCLUSION Wellesley College 106 Central Street WELLESLEY MA 02481 042103637 501(c)3 1004044 Youth Learning INTERNATIONAL RESCUE COMMITTEE INC 122 EAST 42ND STREET NEW YORK NY 101681289 135660870 501(c)3 806065 YOUTH Learning INTERNATIONAL YOUTH FOUNDATION One East Pratt Street SUITE 701 BALTIMORE MD 21202 382935397 501(c)3 3272968 Youth Learning MASSACHUSETTS INSTITUTE OF TECHNOLOGY 77 MASSACHUSETTS AVENUE CAMBRIDGE MA 021394307 042103594 501(c)3 516481 youth learning UNITED NATIONS Capital Development Fund TWO UN PLAZA 26TH FLOOR New York NY 10017 999999999 OTHER 8291358 FINANCIAL INCLUSION American University of Beirut 3 dag hammarskjold plaza NEW YORK NY 100172303 135596846 501(c)3 17426619 Youth Learning TechnoServe Inc 1120 19th St NW Washington DC 20036 132626135 501(c)3 4756099 Youth Learning The Brookings Institution 1775 Massachusetts Ave NW Washington DC 20036 530196577 501(c)3 250000 FINANCIAL INCLUSION The Skoll Foundation 250 University Ave Palo Alto CA 94301 113659133 501(c)3 301627 youth learning michigan state university 427 N Shaw Lane Rm 308 east lansing MI 488241035 386005984 501(c)3 4910717 youth learning Arizona State University PO Box 877705 Tempe AZ 852877705 999999999 Charitable Org 5085104 Youth Learning Bankable Frontier Associates LLC 48 Grove Street Suite 303 Somerville MA 02144 204108833 OTHER 2058369 FINANCIAL INCLUSION MATHEMATICA POLICY RESEARCH 1100 1ST STREET NE 12th Floor WASHINGTON DC 200024221 999999999 OTHER 10319 Youth Learning UNIVERSITY OF CALIFORNIA BERKELEY 356 STEPHENS HALL BERKELEY CA 947202314 943067788 501(C)3 5676149 YOUTH LEARNING CHILDFUND INTERNATIONAL 2821 emerywood parkway richmond VA 23294 540536100 501(c)3 215011 youth learning EDUCATION DEVELOPMENT CENTER INC 43 foundry avenue waltham MA 02453 042241718 501(c)3 3676037 Youth Learning INTERNATIONAL FINANCE CORPORATION 2121 pennsylvania avenue nw washington DC 20433 999999999 non-profit 100000 FINANCIAL INCLUSION root capital inc 130 Bishop Allen Dr Floor 2 CAMBRIDGE MA 021392499 043478123 501(c)3 1228510 financial inclusion Village Health Works 45 West 36th Street th Floor NY 10018 450545435 501(c)3 249445 Youth Learning Carnegie Mellon University 5000 Forbes Ave Pittsburgh PA 15213 250969449 501(c)3 1368353 Youth Learning Restless Development USA Inc 99 PARK AVENUE STE 2200 NY NY 10016 NEW YORK NY 10016 043561445 501(c)3 249974 Youth Learning Global Development Incubator Inc 1634 Eye Street NW Suite 300 Washington DC 20006 141945286 501(c)3 1042959 Financial Inclusion Cooperative Housing Foundation 8601 Georgia Ave Suite 800 Silver Spring MD 20910 520846183 501(c)3 4571964 Youth Learning Mercy Corps 45 SW Ankeny Street Portland OR 97204 911148123 501(c)3 5756225 Financial Inclusion Firelight Foundation 740 Front street Suite 380 Santa Cruz CA 95060 272795006 501(c)3 166631 Youth Learning Social Impact Inc 2300 Clarendon Boulevard Suite 1000 Arlington VA 22201 999999999 Other 736121 Youth Learning Tufts University c/o Office of the Vice Provost Research Administration 20 Professo Medford MA 02155 042103634 501(c)3 200000 FINANCIAL INCLUSION aKoma Media LLC 780 third avenue 7th floor NY New york NY 10017 999999999 Other 58920 Youth Learning Heifer Project International 1112 16th st NW SUITE 520 WASHINGTON DC 20036 351019477 501(c)3 3963621 Youth Learning Innovations for Poverty Action 101 whitney ave new haven CT 06510 061660068 501(c)3 74693 Youth Learning KIVA Microfunds kivaorg 875 howard st ste 340 San Francisco CA 94103 710992446 501(c)3 2066913 Financial Inclusion The Batonga Foundation 2000 Massachusetts Ave NW Washington DC 20036 205927387 501(c)3 249913 Youth Learning The Resolution Project 1120 avenue of the americas 4th floor New York NY 10036 264394051 501(c)3 397180 Youth Learning West African Research Association Inc Boston University African Studies Center 232 Bay sta Boston MA 02215 521690509 501(c)3 15000 Youth learning CONFLICT AND DEVELOPMENT FOUNDATION PO BOX 10067 COLLEGE STATION TX 77842 461012587 501(c)3 10000 YOUTH LEARNING HARVARD UNIVERSITY Office for Sponsored Programs RICHARD A AND SUSA F SMITH CAMPUS C CAMBRIDGE MA 021383846 042103580 501(c)3 167943 Financial Inclusion NCBA CLUSA 1401 NEW YORK AVE NW SUITE 1100 WASHINGTON DC 20005 362007481 501(c)3 2651896 YOUTH LEARNING THE SEEP NETWORK 1611 N KENT STREET SUITE 610 ARLINGTON VA 22209 133840611 501(c)3 972079 FINANCIAL INCLUSION PROJECT SYNDICATE LLC 4 WASHINGTON SQUARE VILLAGE NEW YORK NY 10012 261469901 Other 248862 YOUTH LEARNING AFRICAN ENTREPRENERSHIP COLLECTIVE PO BOX 29 CLINTON WA 98236 460743201 501(c)3 387440 FINANCIAL INCLUSION CENTER FOR GLOBAL DEVELOPMENT 2055 L STREET NW FIFTH FLOOR DC WA 20036 522351337 501(c)3 149086 YOUTH LEARNING CENTER FOR TRANSCULTURAL STUDIES DEPARTMENT OF COMMUNICATION STUDIES NORTHWESTERN UNIVERSITY EVANSTON IL 60208 237180280 501(c)3 50000 YOUTH LEARNING CONSULTATIVE GROUP TO ASSIST THE POOR MSN P 3-300 THE WORLD BANK GROUP 1818 H STREET NW DC WA 20433 999999999 Non-profit Org 1557619 FINANCIAL INCLUSION CORNELL UNIVERSITY OFFICE OF THE PRESIDENT 300 DAY HAL CORNELL UNIVERSITY ITHACA NY 14853 150532082 501(c)3 1791523 YOUTH LEARNING DUKE UNIVERSITY 324 BLACKWELL ST STE 850 DURHAM NC 277013659 560532129 501(c)3 20000 YOUTH LEARNING GSMA DEVELOPMENT FUND 400 Northpark 1000 Abernathy Road Atlanta GA 30328 371552838 501(c)3 1133553 FINANCIAL INCLUSION social science research council 300 Cadman Plaza west 15th floor Brooklyn New York NY 11201 131325070 501(c)3 653803 YOUTH LEARNING ST LAWRENCE UNIVERSITY 23 ROMODA DRIVE CANTON NY NY 13617 150532239 501(c)3 50000 YOUTH LEARNING women deliver 588 Broadway Suite 905 NY NY 10012 264462256 501(c)3 249988 YOUTH LEARNING YOUTH DEVELOPMENT LABS Inc 3130 SHATTUCK AVEBERKELEY CA CA 94705 812339233 501(c)3 100135 YOUTH LEARNING 45 10 SCHEDULE I, LINE 2 THE FOUNDATION USES RISK CRITERIA AND TOOLS TO GUIDE THE APPROVAL OF PROJECTS THAT ARE CONSISTENT WITH THE FOUNDATION'S MANDATE AND TO MONITOR THE USE OF PROJECT FUNDS. THE FOUNDATION'S PROJECT AND PARTNER SELECTION, AS WELL AS MANAGEMENT PROCESS INCLUDES SEVERAL STEPS. THE BOARD OF DIRECTORS APPROVES THE STRATEGIC DIRECTION OF THE FOUNDATION. POTENTIAL PARTNERS ARE THEN INVITED TO SUBMIT A PROJECT NOTE AND HIGH-LEVEL BUDGET TO INITIATE DISCUSSIONS ON THE SCOPE OF THE PROJECT. THIS STAGE ALSO INCLUDES THE COMPLETION OF AN ORGANIZATIONAL QUESTIONNAIRE, WHICH PROVIDES INFORMATION ON THE APPLICANT ORGANIZATION'S MISSION AND GOALS, AS WELL AS THE APPLICANT'S GOVERNANCE POLICIES, GOVERNMENT FILINGS AND FINANCIAL STATEMENTS OR ANNUAL REPORTS. TO COMPLY WITH ANTI-TERRORISM LEGISLATION, THE FOUNDATION SCRUTINIZES THE APPLICANT ORGANIZATION, ITS BOARD MEMBERS AND KEY EMPLOYEES AGAINST BOTH SUBSCRIBED AND PUBLISHED ANTI-TERRORISM WATCH LISTS. IF THE FOUNDATION DETERMINES THAT A PROJECT SHOULD MOVE FORWARD, THE FOUNDATION WILL INVITE THE APPLICANT TO COMPLETE A PROPOSAL AND DETAILED BUDGET. DURING THIS PROPOSAL DEVELOPMENT STAGE, THE FOUNDATION CONDUCTS FURTHER DUE DILIGENCE PROCEDURES. THIS MAY INCLUDE ENGAGING A THIRD PARTY TO REVIEW THE APPLICANT ORGANIZATION TO CONFIRM ITS TRACK RECORD AND CAPACITY TO UNDERTAKE AND REPORT ON THE PROJECT. THE FOUNDATION MAY ALSO CONDUCT AN ON-SITE DUE DILIGENCE VISIT TO MEET WITH THE APPLICANT ORGANIZATION'S STAFF AND OTHER STAKEHOLDERS. ONCE THE APPLICANT SUBMITS THE PROPOSAL AND BUDGET, THE FOUNDATION WILL CONDUCT AN ANALYSIS OF THE BUDGET, TESTING BUDGET ASSUMPTIONS FOR REASONABLENESS. THE FOUNDATION MAY ALSO SEEK THIRD PARTY REVIEW OF THE PROPOSAL TO VALIDATE THE PROJECT DESIGN. AFTER THE PROPOSAL DEVELOPMENT AND DUE DILIGENCE STAGE, LOW-RISK PROJECTS AND PROJECTS THAT FIT WITHIN A STRATEGIC INITIATIVE FOR WHICH THE BOARD HAS ESTABLISHED AN OVERALL BUDGET ARE SUBMITTED TO THE PRESIDENT/CEO FOR APPROVAL. ALL OTHER PROJECTS ARE SUBMITTED TO THE BOARD OF DIRECTORS FOR APPROVAL. ONCE APPROVED, A CONTRACT BETWEEN THE PARTIES IS EXECUTED AND PAYMENTS ARE ISSUED BASED ON PERFORMANCE. THROUGHOUT THE LIFECYCLE OF THE PROJECT, THE FOUNDATION ASSESSES WHETHER THE ORGANIZATION IS CARRYING OUT ACTIVITIES CONSISTENT WITH THE PURPOSES FOR WHICH THE FUNDS WERE APPROVED. THIS IS DONE BY USING FINANCIAL AND NARRATIVE REPORTING FROM THE ORGANIZATION, AND WHERE APPLICABLE ON-SITE PROJECT VISITS, MEETINGS WITH THE ORGANIZATION AS WELL AS THIRD PARTY REVIEWS AND REPORTS. AN ASSESSMENT OF COMPLIANCE WITH ANTI-TERRORISM LEGISLATION AND OTHER DUE DILIGENCE PROCEDURES ARE DONE ON AN ANNUAL BASIS FOR MULTI-YEAR PROJECTS. X true true X X X X X false false false false false false false false false SHARON ALTON DIRECTOR, People & Culture 175870 7971 6504 8887 199232 MEREDITH LEE DIRECTOR PROGRAMS 139707 7554 9529 156790 TONI TIEMENS DIRECTOR, CORP. COMMUNICATIONS 152899 9101 9542 171542 REETA ROY PRESIDENT/CEO 700000 13607 289500 7192 1010299 ANN MILES DIRECTOR, leadersp&innovation 313000 10000 17933 37661 378594 PETER MATERU CHIEF PROGRAM OFFICER 356389 12502 9276 378167 PEGGY WOO STRATEGIC ADVISOR 251797 7971 11179 5501 276448 LINDSAY WALLACE DIRECTOR, STRATEGY & LEARNING 182068 10583 9551 202202 Kimberley KERR DIRECTOR REGIONAL PROGRAMS 143307 7594 8455 159356 JAMES COOKE DIRECTOR, FINANCE & ACCOUNTING 168394 9124 9144 186662 ALEMAYEHU KONDE KORIA COUNTRY REPRESENTATIVE RWANDA 138320 27744 36569 202633 Stefan Harpe Former Deputy Director,Fin.INC 75706 65850 6030 147586 Mary Tangelder ASSOCIATED DIRECTOR INSIGHTS 134064 7622 9527 151213 DAVID MARLOW CHIEF OF OPERATIONS 230594 17614 16511 264719 SCHEDULE J, LINE 1 - SUPPLEMENTAL INFORMATION MasterCard Foundation has a travel policy which allows members of the Board of Directors to travel first class. STAFF: ALL AIR TRAVEL MUST BE BY COACH CLASS AT THE BEST POSSIBLE FARE AVAILABLE for North America travel. For travel outside North America staff may travel in Premium Economy. ANY EXCEPTIONS TO THE FOREGOING MUST RECEIVE PRIOR WRITTEN AUTHORIZATION BY THE PRESIDENT/CEO. PRESIDENT/CEO: ALL AIR TRAVEL WITHIN NORTH AMERICA MUST BE BY COACH CLASS AT THE BEST POSSIBLE FARE AVAILABLE. Any travel outside of North America can BE BY BUSINESS CLASS. These payments are not reported on Canada's equivalent of the form W-2. PART VI LINE 7B THE BYLAWS OF THE FOUNDATION STATE THAT NOMINATIONS OF QUALIFIED CANDIDATES TO BE ELECTED AS DIRECTORS OF THE BOARD OF THE FOUNDATION SHALL BE MADE BY THE BOARD OF THE FOUNDATION, UPON CONSULTATION WITH, BUT NOT UNDER THE CONTROL OR DIRECTION OF MASTERCARD INCORPORATED. MOREOVER, THE BYLAWS STATE THAT DIRECTORS OF THE FOUNDATION SHALL BE REQUIRED TO SATISFY THE QUALIFICATIONS OUTLINED IN THE BYLAWS, AS DETERMINED BY A RESOLUTION OF THE BOARD OF DIRECTORS OF THE FOUNDATION AND A MAJORITY OF THE VOTES CAST AT A PROPERLY CONSTITUTED MEETING OF THE NOMINATING AND CORPORATE GOVERNANCE COMMITTEE OF THE BOARD OF DIRECTORS OF MASTERCARD INCORPORATED. AMENDING CERTAIN SECTIONS OF THE FOUNDATION'S BYLAWS ALSO REQUIRES APPROVAL BY MASTERCARD INCORPORATED. PART VI LINE 11 THE FORM 990 IS PREPARED BY DELOITTE LLP ("DELOITTE"), BASED ON THE INFORMATION PROVIDED BY THE FOUNDATION'S STAFF. THE FORM 990 IS REVIEWED BY THE FOUNDATION'S STAFF. PRIOR TO FILING, THE FORM 990 IS PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS. DELOITTE SIGNS AS PREPARER AND THE CHIEF EXECUTIVE OFFICER SIGNS ON BEHALF OF THE FOUNDATION. PART VI LINE 12C FOUNDATION OFFICERS MUST COMPLY WITH THE EMPLOYEE CODE OF CONDUCT WHICH REQUIRES AN INITIAL DISCLOSURE FORM BEFORE HIS OR HER INVOLVEMENT WITH ANY OPERATIONS OF THE FOUNDATION. THIS DISCLOSURE IDENTIFIES ANY RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES IN WHICH THE INDIVIDUAL MAY BE INVOLVED THAT HE OR SHE BELIEVES COULD CAUSE A CONFLICT OF INTEREST. THIS INITIAL DISCLOSURE MUST BE CONFIRMED ANNUALLY AND UPDATED WHENEVER SUBSTANTIAL CHANGES OCCUR. THE BOARD OF DIRECTORS ARE GOVERNED UNDER THE CONFLICT OF INTEREST PROVISIONS SET OUT IN THE FOUNDATION'S BYLAWS AND CODE OF CONDUCT FOR DIRECTORS. FOR BOTH OFFICERS AND DIRECTORS THE DISCLOSURE FORMS ARE REVIEWED AS THEY ARE SUBMITTED AND ANY POTENTIAL CONFLICTS ARE ADDRESSED. BOARD MEMBERS WITH A CONFLICT OF INTEREST DO NOT VOTE ON ANY MATTER RELATED TO THE ISSUE FOR WHICH THEY HAVE A CONFLICT, OR RESIGN FROM THE BOARD, AS APPLICABLE. PART VI LINE 15A AND 15 B Governance and Nominations Committee APPROVES COMPENSATION OF PRESIDENT/CEO AND CFO. PRESIDENT/CEO APPROVES COMPENSATION OF ALL EMPLOYEES. EXTERNAL CONSULTANTS ARE ENGAGED TO PREPARE COMPENSATION STRUCTURE FOR ALL EMPLOYEES USING COMPARATOR GROUPS AND MARKET DATA. THE FOUNDATION REVIEWS COMPENSATION PLANNING DATA PROVIDED BY EXTERNAL CONSULTANT FOR SALARY ADJUSTMENTS EVERY OTHER YEAR. IN ADDITION, EXTERNAL CONSULTANTS ARE ENGAGED TO PERFORM COMPETITIVE REVIEW OF COMPENSATION FOR THE POSITIONS OF PRESIDENT/CEO, CFO, CHIEF OF OPERATIONS, CHIEF PROGRAM OFFICER AND KEY EMPLOYEES AS REQUIRED. PART VI LINE 19 GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC. FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC THROUGH THE FOUNDATION'S WEBSITE.