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Form 990-PFTax year 2024EIN 82-4717403

Mastercard Impact Fund

A private foundation in Purchase, NY. Its return for tax year 2024 lists 52 grants and $62.1 million paid in grants.

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Tax year 2024 (period ending Dec 31, 2024), read from the IRS e-file on Nov 11, 2026. Returns reach the IRS 5 to 18 months after the year they describe.

How to apply

Preselected only

The return checks the box saying the foundation gives only to preselected organizations and does not accept unsolicited requests. It still lists the details below.

Contact
Shamina Singh
2000 Purchase Street
Purchase, NY 10577
(914) 249-2000
Form and materials
N/A
Deadlines
N/A
Restrictions
N/A

Assets and giving by year

6 returns on file
Grants paid by tax year. The latest year is in blue.

  • Tax year 2024

    $62,073,582

    Grants listed
    52
    Assets, end of year
    $143,230,488

  • Tax year 2023

    $73,328,949

    Grants listed
    64
    Assets, end of year
    $183,357,220

  • Tax year 2022

    $61,996,171

    Grants listed
    73
    Assets, end of year
    $237,082,053

  • Tax year 2021

    $77,531,725

    Grants listed
    69
    Assets, end of year
    $231,429,928

  • Tax year 2020

    $63,035,790

    Grants listed
    77
    Assets, end of year
    $207,268,769

  • Tax year 2019

    $25,866,543

    Grants listed
    33
    Assets, end of year
    $172,722,263

Grants paid in 2024

52 grants, largest first

As listed on the return.

  1. Dai Global LLCBethesda, MD

    Small business

    $17,689,631
  2. American Online Giving Foundation IncNewark, DE

    Employee giving match

    $4,663,378
  3. Cooperative for Assistance and Relief Everywhere Inc (care)Atlanta, GA

    Small business

    $4,126,037
  4. The Aspen InstituteWashington, DC

    Other strategic

    $3,545,929
  5. Caribou Digital (uk) LTDFarnham, United Kingdom

    Small business

    $3,500,000
  6. New Venture FundWashington, DC

    Data for social impact

    $3,445,487
  7. Accion InternationalWashington, DC

    Small business

    $2,817,490
  8. Auc ConsortiumAtlanta, GA

    Data for social impact

    $2,159,600
  9. Fundacion Capital FundakPanama City, Panama

    Small business

    $1,897,653
  10. Caribou Digital (uk) LTD (eur)Farnham, United Kingdom

    Small business

    $1,702,807
  11. The Earthshot PrizeLondon, United Kingdom

    Financial security

    $1,244,700
  12. The Howard UniversityWashington, DC

    Data for social impact

    $1,066,000
  13. Business for Social ResponsibilityNew York, NY

    Financial security

    $1,000,000
  14. National Urban League IncNew York, NY

    Small business

    $1,000,000
  15. The Governing Council of the University of TorontoToronto, Canada

    Other strategic

    $1,000,000
  16. Weill Cornell Medical CollegeNew York, NY

    Other strategic

    $1,000,000
  17. Bankable Frontier Associates LLCCambridge, MA

    Small business

    $850,000
  18. The Uk Online Giving FoundationLondon, United Kingdom

    Employee giving match

    $717,690
  19. Community Reinvestment Fund IncMinneapolis, MN

    Small business

    $650,000
  20. Yayasan Mercy Corps Indonesia (ymci)Dki Jakarta, India

    Small business

    $609,637
  21. American Red CrossNew York, NY

    Disaster relief

    $500,000
  22. Capital Impact PartnersArlington, VA

    Small business

    $500,000
  23. Cyberpeace InstituteGeneva, Switzerland

    Data for social impact

    $500,000
  24. The Productivity Group (be the Business)London, United Kingdom

    Small business

    $425,000
  25. Washington UniversitySt Louis, MO

    Data for social impact

    $403,196
  26. The Asia FoundationSan Francisco, CA

    Small business

    $400,000
  27. United Way WorldwideAlexandria, VA

    Other strategic

    $350,000
  28. Russell Center for Innovation and EntrepreneurshipAtlanta, GA

    Small business

    $320,000
  29. Frontier Innovations FoundationNew York, NY

    Small business

    $317,597
  30. Elton John AIDS Foundation IncNew York, NY

    Discretionary

    $300,000
  31. Consumers International (GBP)London, United Kingdom

    Data for social impact

    $298,657
  32. Columbia UniversityNew York, NY

    Data for social impact

    $250,000
  33. Equality NowNew York, NY

    Data for social impact

    $250,000
  34. The Rector and Visitors of the University of VirginiaCharlottesvle, VA

    Data for social impact

    $250,000
  35. Urban Impact IncBirmingham, AL

    Small business

    $250,000
  36. World Data LabVienna, Austria

    Data for social impact

    $225,000
  37. Haqdarshak Empowerment Solutions Private LimitedBengaluru, India

    Small business

    $217,845
  38. Centre for Public ImpactWashington, DC

    Data for social impact

    $200,000
  39. Smithsonian InstitutionWashington, DC

    Discretionary

    $200,000
  40. St Louis Community Foundation IncSt Louis, MO

    Small business

    $167,000
  41. The University of ChicagoChicago, IL

    Data for social impact

    $150,000
  42. Imagine CanadaToronto, Canada

    Small business

    $148,148
  43. Social Impact FundLos Angeles, CA

    Small business

    $125,000
  44. Nola Business AllianceNew Orleans, LA

    Small business

    $112,500
  45. International Scholarship and Tuition Services IncNashville, TN

    Employee dependent scholarship program - mastercard impact fund (the "fund") maintains a "mastercard dependent scholarship program" (pre-approved by IRS). Under this program, the fund will annually award up to twenty (20) one-time scholarships of $5,000 to dependent children of qualified employees of mastercard incorporated and its subsidiaries for the 2023-2024 school year. During the year ended december 31, 2024, 20 individuals were awarded scholarships under this program.

    $107,600
  46. Atlantic CouncilWashington, DC

    Financial security

    $100,000
  47. Christensen Global StrategiesKetchum, ID

    Small business

    $75,000
  48. Free Spirit Media NFPChicago, IL

    Small business

    $75,000
  49. Bill Hillary & Chelsea Clinton FoundationLittle Rock, AR

    Other strategic

    $50,000
  50. Datakind IncBrooklyn, NY

    Data for social impact

    $50,000
  51. Access Development ServicesNew Delhi, India

    Small business

    $45,000
  52. Center for Strategic and International StudiesWashington, DC

    Data for social impact

    $25,000

Approved for future payment

8 grants

Approved in 2024 and not yet paid.

  1. Dai Global LLCBethesda, MD

    Small business

    $15,000,000
  2. New Venture FundWashington, DC

    Data for social impact

    $4,904,513
  3. The Rector and Visitors of the University of VirginiaCharlottesvle, VA

    Data for social impact

    $1,750,000
  4. Fundacion Capital FundakPanama City, Panama

    Small business

    $1,109,615
  5. Imagine CanadaToronto, Canada

    Small business

    $148,148
  6. Social Impact FundLos Angeles, CA

    Small business

    $125,000
  7. The University of ChicagoChicago, IL

    Data for social impact

    $100,000
  8. Haqdarshak Empowerment Solutions Private LimitedBengaluru, India

    Small business

    $93,362

Where the money goes

By cause: grants to organizations we matched to the IRS list of exempt organizations, by their category.

  1. Philanthropy and grantmaking5 grants $5,438,37823% of the total
  2. Education5 grants $4,028,79617% of the total
  3. International aid5 grants $3,810,08716% of the total
  4. Social science1 grant $3,545,92915% of the total
  5. Environment1 grant $3,445,48715% of the total
  6. Human services1 grant $1,000,0004% of the total
  7. 5 other causes7 grants $1,887,5008% of the total

By State

Grants to organizations with a US address, latest year.

  1. Maryland1 grant $17,689,631
  2. District of Columbia8 grants $11,399,906
  3. Georgia3 grants $6,605,637
  4. New York10 grants $4,717,597
  5. Delaware1 grant $4,663,378
  6. Virginia3 grants $1,100,000
  7. Massachusetts1 grant $850,000
  8. Minnesota1 grant $650,000
  9. Missouri2 grants $570,196
  10. California2 grants $525,000

Officers, directors and trustees

13 people as filed

As filed on the return, with average hours per week and pay from the foundation.

  • Martina Hund-MejeanDIRECTOR, CHAIR Hours 1Pay $0
  • Walter MacneeDIRECTOR Hours 1Pay $0
  • Jon HuntsmanDIRECTOR Hours 5Pay $0
  • Shamina SinghDIRECTOR, PRESIDENT Hours 10Pay $0
  • Tim MurphyDIRECTOR Hours 1Pay $0
  • Sandra ArkellVICE PRESIDENT Hours 0.23Pay $0
  • Millie ChunVICE PRESIDENT Hours 0.5Pay $0
  • Dena DevaneyVICE PRESIDENT Hours 2Pay $0
  • Tanya SoutherlandASSISTANT SECRETARY Hours 20Pay $0
  • Kristin HaynesASSISTANT TREASURER Hours 25Pay $0
  • Vivian ZhouTREASURER Hours 0.15Pay $0
  • Indraneel GangulyASSISTANT TREASURER Hours 0Pay $0
  • Latoya MurphyASSISTANT TREASURER Hours 20Pay $0

The return

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