2017-05-13T12:50:51-05:00 2016-12-31 Deloitte LLP 22 Adelaide Street West Suite 200 Toronto Ontario CA M5H 0A9 990 2016-01-01 980543843 THE MASTERCARD FOUNDATION % PEGGY WOO MAST 4162142857 250 Yonge Street Suite 2400 TORONTO ONTARIO CA M5B 2L7 REETA ROY PRESIDENT/CEO 6472141923 2017-05-12 72.28.80.45 98055220171335000000 2017-05-13 P C2221C6518E27DA48E332C819A1BED7AFAF7B6FF DAFE582D49AC74A24F2B8D054412328F06877926 2016 2021-01-29 14:40:06Z REETA ROY 250 Yonge Street Suite 2400 TORONTO ONTARIO CA M5B 2L7 289460599 false X www.mastercardfdn.org X 2005 THE MASTERCARD FOUNDATION ADVANCES YOUTH LEARNING AND FINANCIAL INCLUSION TO CATALYZE PROSPERITY IN DEVELOPING COUNTRIES. 7 7 2 0 0 0 0 0 110258304 126672015 0 557094 110258304 127229109 186453404 256538221 0 0 8092123 8276996 0 0 0 11762349 12793356 206307876 277608573 -96049572 -150379464 9179286169 9660981405 3435825 2353720 9175850344 9658627685 X THE MASTERCARD FOUNDATION ADVANCES EDUCATION AND FINANCIAL INCLUSION TO CATALYZE PROSPERITY IN DEVELOPING COUNTRIES. false false 9980178 9980178 The MasterCard Foundation partners with Save the Children Canada in Youth Learning. The objective of the youth in action program is to educate rural out-of-school youth in Burkina Faso, Egypt, Malawi, Uganda, and Ethiopia and to support them in transitioning to better employment opportunities in the agricultural sector. 9823770 9823770 The MasterCard Foundation partners with KPMG East Africa Limited in Financial Inclusion. The objective of the Fund for Rural Prosperity is to improve the livelihoods and incomes of over 1,000,000 smallholder farmers by enabling financial service providers and agribusinesses to develop and expand access to their products, and promoting systemic change in agricultural finance. 8974486 8974486 THE MASTERCARD FOUNDATION PARTNERS WITH EQUITY GROUP FOUNDATION IN YOUTH LEARNING. The objective of the Wings to Fly program is to support 10,000 academically talented, yet financially disadvantaged students from Kenya to complete secondary education, while fostering their leadership skills and their capacity to give back to their communities. 91740436 91740436 OTHER FINANCIAL INCLUSION PROGRAMS 136019350 136019350 OTHER YOUTH LEARNING PROGRAMS 11429558 OTHER PROGRAM SERVICES EXPENSES 239189344 227759786 267967778 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 2 true false true CA false false false false X 7 7 false false false false true true true true true false false true true true true true false true true false X PEGGY WOO 6478375802 250 Yonge Street Suite 2400 TORONTO Ontario CA M5B 2L7 X JAMES JIM LEECH BOARD CHAIR 6.0 0.0 X X 0 0 0 HUTHAM OLAYAN DIRECTOR 2.0 0.0 X 0 0 0 FESTUS MOGAE DIRECTOR 2.0 0.0 X 0 0 0 DON MORRISON BOARD SECRETARY/TREASURER 3.0 0.0 X X 0 0 0 JENDAYI FRAZER DIRECTOR 2.0 0.0 X 0 0 0 CRAIG CALHOUN DIRECTOR 2.0 0.0 X 0 0 0 DOUGLAS DOUG BAILLIE BOARD VICE-CHAIR 3.0 0.0 X X 0 0 0 REETA ROY PRESIDENT/CEO 60.0 0.0 X X 782104 0 -161273 PEGGY WOO CFO 55.0 0.0 X 191435 0 4867 TONI TIEMENS DEPUTY DIRECTOR, COMMUNICATION 40.0 0.0 X 146215 0 9204 ANN MILES DIRECTOR, FINANCIAL INCLUSION 45.0 0.0 X 301549 0 37605 PETER MATERU DIRECTOR, EDU LEARNING & YOUTH 45.0 0.0 X 255527 0 34487 LINDSAY WALLACE DIRECTOR, LEARNING & STRATEGY 45.0 0.0 X 156237 0 9203 JAMES COOKE DIRECTOR, FINANCE & ACCOUNTING 45.0 0.0 X 152368 0 9197 SHARON ALTON DIRECTOR, HUMAN RESOURCES 45.0 0.0 X 118112 0 7175 MEREDITH LEE DEPUTY DIRECTOR, YOUTH LIVELIH 40.0 0.0 X 128910 0 9199 GUI WONG DIRECTOR, IT 40.0 0.0 X 138060 0 9278 KIM KERR DEPUTY DIRECTOR, Edu &learning 40.0 0.0 X 137862 0 8335 ALEMAYEHU KONDE KORIA SR PROGRAM MGR, YOUTH LIVELIHO 40.0 0.0 X 130487 0 9200 2638866 0 -13523 21 false true false DPI Construction Management 255 DUNCAN MILL RD SUITE 707 TORONTO ON CA M3B 3H9 consulting and mgmt 716471 KPMG LLP SUITE 4600 333 BAY STREET BAC TORONTO ON CA M5H 2S5 Consulting Services 806921 Environics Communications 1101 Connecticut Avenue NW Suite WASHINGTON DC 20036 Public Relation Serv 713883 Millennium Travel Pty Ltd 22 1ST AVE DUNVEGANEDENVALE PO BO MODDERFONTEIN 0 SF 1645 Travel, Conference 585927 Dalberg Consulting US LLC 99 Madison Ave Floor 17 NEW YORK NY 10016 consulting services 674821 29 0 0 93026865 93026865 0 0 557094 557094 0 557094 557094 195876640 162231490 33645150 33645150 33645150 0 0 0 0 127229109 127229109 112394383 112394383 0 144143838 144143838 0 1928725 889046 1039679 0 5392695 3665698 1726997 0 955576 695529 260047 0 0 292347 73172 219175 122689 122689 0 0 0 4932633 2474386 2458247 0 769314 769314 339665 339665 0 1305178 202615 1102563 1317902 758470 559432 0 2621336 2550448 70888 0 0 520282 520282 103866 103866 HUMAN RESOURCE COSTS 468144 120193 347951 277608573 267967778 9640795 0 0 0 3730241 9227182 0 0 610371 1081033 0 0 0 0 0 0 0 0 556679 966309 3770474 709630 2604880 3060844 9171394919 9646301816 0 0 0 0 389079 344221 0 0 9179286169 9660981405 2654945 2054375 729207 255115 0 0 0 0 0 0 0 0 0 0 0 0 51673 44230 3435825 2353720 X 7160864 14225109 9168689480 9644402576 0 0 9175850344 9658627685 9179286169 9660981405 -150379464 633156805 X false true X true false 9168689479 274270467 701 9442959245 8249210825 16774271 902706973 2590 9168689479 8011250521 105385917 132589047 14660 8249210825 4842633000 164576577 3004073001 32057 8011250521 3720444770 1122188230 4842633000 0.03000 0.97000 false false 2692189 303697 2388492 504144 295930 208214 574141 110003 464138 3060844 0 TENANTS' DEPOSITS 44230 44230 760087941 633156805 633156805 126931136 297973 297973 127229109 277310600 -297973 -297973 277608573 277608573 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: -$297,973 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: $297,973 true Central America and the Caribbean Program Services youth learning 6793481 Sub-Saharan Africa 3 Program Services financial inclusion & 128879748 Europe (Including Iceland and Greenland) Program Services financial inclusion & 5450886 North America 1 105 Program Services financial inclusion & 3019723 1 108 1 108 144143838 144143838 Sub-Saharan Africa FINANCIAL INCLUSION 2974826 Sub-Saharan Africa YOUTH LEARNING 8974486 Europe (Including Iceland and Greenland) FINANCIAL INCLUSION 197165 North America FINANCIAL INCLUSION 200000 Sub-Saharan Africa FINANCIAL INCLUSION 3642512 Sub-Saharan Africa Youth Learning 9313151 Sub-Saharan Africa YOUTH LEARNING 1650739 Sub-Saharan Africa FINANCIAL INCLUSION 200000 Sub-Saharan Africa Youth lEARNING 3032971 Central America and the Caribbean Youth Learning 6793481 Sub-Saharan Africa Youth Learning 5578627 Sub-Saharan Africa Youth Learning 2101838 Sub-Saharan Africa Youth Learning 2070483 Sub-Saharan Africa Youth Learning 9980178 Sub-Saharan Africa FINANCIAL INCLUSION 1080300 Sub-Saharan Africa Youth Learning 479878 Sub-Saharan Africa youth Learning 386544 North America Youth learning 1376557 Sub-Saharan Africa YOUTH LEARNING 250000 Sub-Saharan Africa FINANCIAL INCLUSION 2672483 Sub-Saharan Africa YOUTH LEARNING & SCHOLARS PROGRAM 4930840 Sub-Saharan Africa YOUTH LEARNING 1228557 Sub-Saharan Africa YOUTH LEARNING 2856838 Sub-Saharan Africa FINANCIAL INCLUSION 4008142 Sub-Saharan Africa YOUTH LEARNING 2830770 Sub-Saharan Africa YOUTH LEARNING 1982408 Sub-Saharan Africa FINANCIAL INCLUSION 186366 Sub-Saharan Africa YOUTH LEARNING 1919961 Sub-Saharan Africa Youth Learning 574560 Sub-Saharan Africa YOUTH Learning 196412 Sub-Saharan Africa Youth Learning 50000 Europe (Including Iceland and Greenland) Financial Inclusion 1721689 Europe (Including Iceland and Greenland) Youth Learning 72557 Sub-Saharan Africa Youth Learning 69981 Sub-Saharan Africa Youth Learning 12913 Sub-Saharan Africa Youth Learning 157827 Sub-Saharan Africa Financial Inclusion 2059538 Sub-Saharan Africa Financial Inclusion 15963 Sub-Saharan Africa Youth Learning 5851 Sub-Saharan Africa Youth Learning 7266 Sub-Saharan Africa Youth Learning 1696462 Sub-Saharan Africa Yout Learning 793892 Sub-Saharan Africa Financial inclusion 2754588 Sub-Saharan Africa Youth Learning 807234 Sub-Saharan Africa Financial Inclusion & YOUTH LEARNING 1959650 Sub-Saharan Africa Youth Learning 750656 Sub-Saharan Africa Financial Inclusion 2556180 Sub-Saharan Africa Youth Learning 1706001 Sub-Saharan Africa Financial Inclusion 1368974 North America Youth Learning 26422 Sub-Saharan Africa Youth Learning 4263560 Sub-Saharan Africa Financial Inclusion 9823770 Sub-Saharan Africa Financial Inclusion 3056099 Sub-Saharan Africa Financial Inclusion 2651163 Sub-Saharan Africa Youth Learning 249755 Sub-Saharan Africa Youth Learning 243958 Sub-Saharan Africa Youth Learning 249456 Sub-Saharan Africa Youth Learning 216053 Sub-Saharan Africa Financial Inclusion & YOUTH LEARNING 1005832 Sub-Saharan Africa Youth Learning 249140 Sub-Saharan Africa yOUTH lEARNING 25000 Sub-Saharan Africa Youth Learning 87130 Sub-Saharan Africa Financial Inclusion 150000 Sub-Saharan Africa Financial Inclusion 4512406 Sub-Saharan Africa Financial Inclusion 5023258 Sub-Saharan Africa YOUTH LEARNING 25000 Sub-Saharan Africa Financial Inclusion 225681 Sub-Saharan Africa YOUTH Learning 249926 Sub-Saharan Africa YOUTH Learning 147323 Sub-Saharan Africa Youth Learning 1713675 Sub-Saharan Africa Youth Learning 379047 Sub-Saharan Africa YOUTH LEARNING 29690 Sub-Saharan Africa Youth Learning 44454 Sub-Saharan Africa Financial Inclusion 2381526 North America Youth Learning 225661 North America Youth Learning 371138 North America Youth Learning 19472 North America Youth Learning 249979 North America Youth Learning 550494 Europe (Including Iceland and Greenland) YOUTH Learning 135733 Europe (Including Iceland and Greenland) youth learning 99300 Europe (Including Iceland and Greenland) Youth Learning 663540 Europe (Including Iceland and Greenland) Youth Learning 180708 Europe (Including Iceland and Greenland) Youth Learning 348326 Europe (Including Iceland and Greenland) Financial Inclusion 1091113 Europe (Including Iceland and Greenland) Youth Learning 940755 1 86 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, BEGINNING WITH AN INVITATION FOR POTENTIAL PARTNERS 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 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. THROUGH 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 56 Roland Street Suite 300 BOSTON MA 02129 132535763 501(c)3 2765826 FINANCIAL INCLUSION Boulder Institute of Microfinance 120 E Washington St Suite 200 Syracuse NY 13202 201175839 501(c)3 300000 FINANCIAL INCLUSION BRAC USA Inc 110 WILLIAM STREET 29TH FLOOR NEW YORK NY 10038 208456741 501(c)3 7318632 YOUTH LEARNING Catholic Relief Services 228 W Lexington St BALTIMORE MD 212013413 135563422 501(c)3 5486729 FINANCIAL INCLUSION Massachusetts Institute Of Technology 77 Massachusetts Ave CAMBRIDGE MA 021394307 042103594 501(c)3 1152697 Youth Learning Microfinance Information Exchange Inc 1901 Pennsylvania Ave NW STE 307 WASHINGTON DC 20006 364502299 501(c)3 862372 FINANCIAL INCLUSION 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 875753 Youth Learning international bank for reconstruction and dev MSN P 3-300 The World Bank Group 1818 H Street NW WASHINGTON DC 20433 Non-Profit 5610462 FINANCIAL INCLUSION INTERNATIONAL RESCUE COMMITTEE INC 122 EAST 42ND STREET NEW YORK NY 101681289 135660870 501(c)3 1956594 YOUTH Learning INTERNATIONAL YOUTH FOUNDATION One East Pratt Street SUITE 701 BALTIMORE MD 21202 382935397 501(c)3 149973 Youth Learning UNITED NATIONS Capital Development Fund TWO UN PLAZA 26TH FLOOR New York NY 10017 OTHER 7425312 FINANCIAL INCLUSION American University of Beirut 3 dag hammarskjold plaza NEW YORK NY 100172303 135596846 501(c)3 3122879 Youth Learning GSMA MOBILE FOR DEVELOPMENT FOUNDATION INC 1000 abernathy road atlanta GA 30328 371552838 501(c)3 1056833 financial inclusion TechnoServe Inc 1120 19th St NW Washington DC 20036 132626135 501(c)3 7016435 Youth Learning The Education For Employment FoundationInc 624 Ninth Street NW Suite 400 washington DC 20001 820578781 501(c)3 24916 youth Learning The Skoll Foundation 250 University Ave Palo Alto CA 94301 113659133 501(c)3 249498 youth learning Duke University PO box 90600 Durham NC 27708 560532129 501(c)3 5760492 Youth Learning michigan state university 427 N Shaw Lane Rm 308 east lansing MI 488241035 386005984 501(c)3 5484508 youth learning Tufts University 20 Professors Row medford MA 02155 042103634 501(c)3 1034308 Youth Learning World Affairs Council of Northern California 312 Sutter Street San Francisco CA 94108 941156356 501(c)3 247112 Youth Learning Arizona State University PO Box 877705 Tempe AZ 852877705 Other 7229301 Youth Learning Bankable Frontier Associates LLC 48 Grove Street Suite 303 Somerville MA 02144 204108833 OTHER 2701834 FINANCIAL INCLUSION CHILDFUND INTERNATIONAL USA 2821 EMERYWOOD PARKWAY RICHMOND VA 23294 540536100 501(C)3 1447694 Youth Learning INTERNATIONAL FINANCE CORPORATION 2121 PENNSYLVANIA AVENUE NW WASHINGTON DC 20433 non-profit 5371811 Youth Learning MATHEMATICA POLICY RESEARCH 1100 1ST STREET NE WASHINGTON DC 200024221 OTHER 1684777 Youth Learning ONE ACRE FUND 1742 TATUM STREET Falcon Heights MN 55113 203668110 501(C)3 3232874 FINANCIAL INCLUSION STANFORD UNIVERSITY 355 GALVEZ STREET STANFORD CA 943056108 941156365 501(C)3 1630218 Youth Learning THE SMALL ENTERPRISE EDU AND PROMOTION NETWORK INC 1611 N Kent Street Suite 610 Arlington VA 22209 133840611 501(C)3 938139 FINANCIAL INCLUSION UNIVERSITY OF CALIFORNIA BERKELEY 356 STEPHENS HALL BERKELEY CA 947202314 943067788 501(C)3 4055996 YOUTH LEARNING UNIVERSITY OF MINNESOTA 200 OAK STREET SE MINNEAPOLIS MN 55455 416007513 other 546128 Youth Learning BRIDGE2RWANDA INC 1818 N TAYLOR STREET Little Rock AZ 72207 261205347 501(c)3 249942 youth learning DALBERG CONSULTING - US LLC 1 FARRAGUT SQUARE SOUTH SUITE 300 1634 EYE STREET NW WASHINGTON DC 20006 other 248725 YOUTH LEARNING & financial inclusion EDUCATION DEVELOPMENT CENTER INC 43 foundry avenue waltham MA 02453 042241718 501(c)3 2868681 Youth Learning PACT INSTITUTE INC 1828 L STREET NW SUITE 300 WASHINGTON DC 20036 522131854 501(c)3 50000 FINANCIAL INCLUSION SHINING HOPE FOR COMMUNITIES INC 175 VARICK ST 6TH FLOOR NEW YORK NY 10014 271493201 501(c)3 247848 Youth Learning THE FOUNDATION CENTER 79TH FIFTH AVE NEW YORK NY 10003 131837418 501(c)3 250000 Youth Learning VILCAP INC 2200 CENTURY PARKWAY 100 ATLANTA GA 30345 274059343 501(c)3 249998 FInancial Inclusion root capital inc 955 MASSACHUSETTS AVE 5TH FLOOR CAMBRIDGE MA 02139 043478123 501(c)3 1040065 financial inclusion Indego Africa Project 51 W 52nd Street New York NY 10019 205874831 501(c)3 160000 Youth Learning Howard University 2400 Sixth Street NW Washintgon DC 20059 530204707 501(c)3 10000 Financial Inclusion & Youth Learning Carnegie Mellon University 5000 Forbes Ave Pittsburgh PA 15213 250969449 501(c)3 469323 Youth Learning Harvard University Office for Sponsored Programs 1350 Massachusets Ave Suite 600 Cambridge MA 02138 042103580 501(c)3 312773 Financial Inclusion & Youth Learning The Global Development Incubator Inc 1634 Eye Street NW Suite 300 Washington DC 20006 141945286 501(c)3 956840 Finanicial Inclusion Educate PO Box 12302 Denver CO 80212 841648407 501(c)3 245000 Youth Learning Cooperative Housing Foundation 8601 Georgia Ave Suite 800 Silver Spring MD 20910 520846183 501(c)3 3667478 Youth Learning COOPERATIVE LEAGUE OF THE USA 1401 New York Ave NW Suite 1100 Washington DC 20005 362007481 501(c)3 2073769 Youth Learning Mercy Corps 45 SW Ankeny Street Portland OR 97204 911148123 501(c)3 4384607 Financial Inclusion Firelight Foundation 740 Front street Suite 380 Santa Cruz CA 95060 272795006 501(c)3 67500 Youth Learning Social Impact Inc 2300 Clarendon Bouleard Wuite 1000 Arlington VA 22201 Other 64000 Youth Learning African Center for Ecoomic Transformation 1776 K Street NW Suite 200 Washington DC 20006 113803281 501(c)3 249992 Youth Learning aKoma Media LLC 780 third avenue 7th floor New york NY 10017 Other 249131 Youth Learning American Near East Refugee Aid 1111 14th st nw suite 400 WASHINGTON DC WA 20005 501(c)3 50000 YOUTH LEARNING BILL HILLARY AND CHELSEA CLINTON FOUNDATION 1271 AVENUE OF THE AMERICAS 42ND FLOOR NEW YORK NY 10020 311580204 501(C)3 250000 yOUTH LEARNING Heifer Project International 1112 16th st NW SUITE 520 WASHINGTON DC 20036 351019477 501(c)3 2737882 Youth Learning Innovations for Poverty Action 101 whitney ave new haven CT 06510 061660068 501(c)3 225000 Youth Learning KIVA Microfunds kivaorg 875 howard st ste 340 San Francisco CA 94103 710992446 501(c)3 1641593 Financial Inclusion Plan International Inc 155 plan way PO BOX 7670 WARWICK RI 02887 510169168 501(c)3 250000 Youth learning Rockefeller Philanthropy Advisors INC 6 west 48th street 10th floor New York NY 10036 133615533 501(c)3 457746 Financial Inclusion Samasource INC 2017 Mission Street Suite 301 76 suite 300 san Francisco CA 94110 262547062 501(c)3 1300052 Youth Learning The Batonga Foundation 2000 Massachusetts Ave NW Washington DC 20036 205927387 501(c)3 249890 Youth Learning The Malala Fund 9121 florida avenue NW suite 53347 washington DC 20009 811397590 501(c)3 250000 Youth Learning The Resolution Project 1120 avenue of the americas 4th floor New York NY 10036 264394051 501(c)3 158822 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 56 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, BEGINNING WITH AN INVITATION FOR POTENTIAL PARTNERS 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 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. THROUGH 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 true false TONI TIEMENS DEPUTY DIRECTOR, COMMUNICATION 131430 7700 7085 9204 155419 REETA ROY PRESIDENT/CEO 600000 169500 12604 8227 790331 -169500 ANN MILES DIRECTOR, FINANCIAL INCLUSION 291976 9573 37605 339154 PETER MATERU DIRECTOR, EDU LEARNING & YOUTH 207002 36950 11575 34487 290014 PEGGY WOO CFO 164638 26797 4867 196302 LINDSAY WALLACE DIRECTOR, LEARNING & STRATEGY 147863 8374 9203 165440 JAMES COOKE DIRECTOR, FINANCE & ACCOUNTING 144579 7789 9197 161565 SCHEDULE J, LINE 1 - SUPPLEMENTAL INFORMATION The 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. Schedule J Question 7 In 2016, MasterCard Foundation paid a bonus to its CEO. The amount is fixed based on a formula provided in her employment contract. 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 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 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