SCHEDULE F(Form 990)
Department of the Treasury
Internal Revenue Service
Statement of Activities Outside the United States
Right pointing arrow large image Complete if the organization answered "Yes" to Form 990, Part IV, line 14b, 15, or 16.Right pointing arrow large image Attach to Form 990.Right pointing arrow large image Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2020
Open to Public Inspection
Name of the organization
MASTERCARD FOUNDATION
 
Employer identification number

98-0543843
Part I
General Information on Activities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 14b.
1
For grantmakers. Does the organization maintain records to substantiate the amount of its grants and
other assistance, the grantees’ eligibility for the grants or assistance, and the selection criteria used
to award the grants or assistance? . . . . . . . . . . . . . . . . . . . . . . . . .
2
For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of its grants and other assistance outside the United States.
3
Activites per Region. (The following Part I, line 3 table can be duplicated if additional space is needed.)
(a) Region (b) Number of offices in the region (c) Number of employees, agents, and independent contractors in the region (d) Activities conducted in region (by type) (such as, fundraising, program services, investments, grants to recipients located in the region) (e) If activity listed in (d) is a program service, describe specific type of
service(s) in the region		 (f) Total expenditures
for and investments
in the region
Sub-Saharan Africa 7 138 Program Services youth learning & Finan 603,541,484
North America 1 131 Program Services youth learning & Finan 21,656,383
Europe (Including Iceland and Greenland)     Program Services youth learning & Finan 4,002,757
Central America and the Caribbean     Program Services youth learning & Finan 6,652,048
           
           
           
           
           
           
           
           
           
           
           
           
           
3a Sub-total .... 8 269 635,852,672
b Total from continuation sheets to Part I ...      
c Totals (add lines 3a and 3b) 8 269 635,852,672
For Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2020
Schedule F (Form 990) 2020
Page 2
Part II
Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 15, for any recipient who received more than $5,000. Part II can be duplicated if additional space is needed.
1 (a) Name of organization (b) IRS code section
and EIN (if applicable)		 (c) Region (d) Purpose of
grant 		(e) Amount of
cash grant 		(f) Manner of
cash
disbursement 		(g) Amount
of noncash
assistance 		(h) Description
of noncash
assistance 		(i) Method of
valuation
(book, FMV,
appraisal, other)
Sub-Saharan Africa Financial Inclusion 1,636,898        
Sub-Saharan Africa FINANCIAL INCLUSION 2,620,605        
Sub-Saharan Africa Financial Inclusion 160,000        
North America Youth Learning 179,725        
Sub-Saharan Africa Youth Learning 35,000        
Sub-Saharan Africa Financial Inclusion & Youth learning 17,504,334        
North America Youth Learning 320,213        
Sub-Saharan Africa FINANCIAL INCLUSION 2,025,062        
Sub-Saharan Africa FINANCIAL INCLUSION 100,191        
Sub-Saharan Africa Youth Learning 40,000        
North America Youth Learning 99,905        
Sub-Saharan Africa Youth Learning 100,000        
North America Youth Learning 704,900        
Sub-Saharan Africa Youth Learning 402,053        
Sub-Saharan Africa Youth Learning 468,613        
Sub-Saharan Africa Youth Learning 1,542,568        
Sub-Saharan Africa Youth Learning 8,107,024        
Sub-Saharan Africa YOUTH LEARNING 750,031        
Sub-Saharan Africa Youth Learning 37,146        
Sub-Saharan Africa Youth lEARNING 720,150        
Sub-Saharan Africa Financial Inclusion 497,458        
Sub-Saharan Africa Youth Learning 82,588        
Central America and the Caribbean Youth Learning 6,652,048        
Sub-Saharan Africa Youth Learning 13,221,345        
Sub-Saharan Africa Youth Learning 99,700        
Sub-Saharan Africa Financial Inclusion 829,254        
Sub-Saharan Africa Youth Learning 474,280        
Sub-Saharan Africa Youth Learning 2,513,900        
North America Financial Inclusion 18,133        
Sub-Saharan Africa Youth Learning 2,790,915        
Sub-Saharan Africa Youth Learning 2,526,586        
Sub-Saharan Africa FINANCIAL INCLUSION 59,911        
Sub-Saharan Africa Youth Learning 1,266,575        
Sub-Saharan Africa Financial Inclusion 700,000        
North America youth learning 1,842,568        
Sub-Saharan Africa Youth Learning 209,880        
Sub-Saharan Africa Youth Learning 651,453        
North America YOUTH LEARNING 3,344,883        
North America YOUTH LEARNING 963,863        
North America YOUTH LEARNING 79,790        
Sub-Saharan Africa youth learning 5,705,930        
Sub-Saharan Africa youth learning 165,000,000        
Sub-Saharan Africa YOUTH LEARNING 4,698,184        
North America YOUTH LEARNING 211,470        
Sub-Saharan Africa youth learning 2,615,800        
North America YOUTH LEARNING 352,261        
Sub-Saharan Africa YOUTH LEARNING 1,510,276        
Sub-Saharan Africa FINANCIAL INCLUSION 1,299,798        
Sub-Saharan Africa YOUTH LEARNING 5,297,024        
Sub-Saharan Africa YOUTH LEARNING 1,354,670        
Sub-Saharan Africa YOUTH LEARNING 463,147        
Sub-Saharan Africa FINANCIAL INCLUSION 2,913,543        
Sub-Saharan Africa YOUTH LEARNING 2,061,295        
North America YOUTH LEARNING 234,530        
Sub-Saharan Africa Financial Inclusion 7,401,520        
Sub-Saharan Africa YOUTH LEARNING 2,975,705        
Sub-Saharan Africa YOUTH LEARNING 1,100,000        
Sub-Saharan Africa Financial Inclusion 1,147,000        
Sub-Saharan Africa Financial Inclusion 1,215,713        
North America Youth Learning 267,862        
North America Youth Learning 161,057        
Sub-Saharan Africa YOUTH LEARNING 7,004,242        
Sub-Saharan Africa FINANCIAL INCLUSION 310,000        
Sub-Saharan Africa FINANCIAL INCLUSION 9,465,344        
Sub-Saharan Africa YOUTH LEARNING 5,627,447        
Sub-Saharan Africa Youth Learning 221,202        
Sub-Saharan Africa Youth Learning 238,532        
North America Youth Learning 50,000        
Sub-Saharan Africa Youth Learning 1,251,645        
North America Youth Learning 125,117        
Sub-Saharan Africa Financial Inclusion 2,195,361        
Sub-Saharan Africa Youth Learning 3,979,875        
Sub-Saharan Africa Youth Learning 464,762        
Sub-Saharan Africa Financial Inclusion & Youth Learning 9,713,819        
Europe (Including Iceland and Greenland) Youth Learning 249,086        
Sub-Saharan Africa Youth learning 535,000        
Europe (Including Iceland and Greenland) Youth Learning 289,487        
Europe (Including Iceland and Greenland) Financial Inclusion 983,573        
North America Youth Learning 404,845        
Sub-Saharan Africa Youth Learning 40,000        
Sub-Saharan Africa Financial Inclusion & Youth Learning 4,234,823        
Sub-Saharan Africa Youth Learning 3,679,903        
Sub-Saharan Africa Youth Learning 40,000        
Sub-Saharan Africa Financial inclusion 4,115,484        
Europe (Including Iceland and Greenland) Financial Inclusion 199,340        
Sub-Saharan Africa Youth Learning 2,614,514        
Sub-Saharan Africa Youth Learning 5,525,033        
Sub-Saharan Africa Youth Learning 1,055,555        
Sub-Saharan Africa Youth Learning 1,497,967        
Sub-Saharan Africa Financial Inclusion 1,300,898        
Sub-Saharan Africa Youth Learning 40,000        
Sub-Saharan Africa Financial Inclusion 3,055,187        
Sub-Saharan Africa Financial Inclusion 4,069,699        
Sub-Saharan Africa Youth Learning 1,951,161        
Sub-Saharan Africa Youth Learning 461,175        
Sub-Saharan Africa Financial Inclusion 10,000,000        
Sub-Saharan Africa Financial Inclusion 5,292,092        
Sub-Saharan Africa Financial Inclusion 2,015,075        
Sub-Saharan Africa YOUTH LEARNING 25,000        
Sub-Saharan Africa Youth Learning 1,649,996        
Sub-Saharan Africa Youth Learning 630,760        
Sub-Saharan Africa Financial Inclusion 645,635        
Sub-Saharan Africa YOUTH Learning 282,383        
Sub-Saharan Africa youth learning 1,919,775        
Europe (Including Iceland and Greenland) Youth Learning 1,727,364        
Europe (Including Iceland and Greenland) Youth Learning 15,632        
Sub-Saharan Africa Financial Inclusion 883,460        
Europe (Including Iceland and Greenland) Youth Learning 238,337        
Sub-Saharan Africa Financial Inclusion 2,367,729        
Sub-Saharan Africa Financial Inclusion 800,000        
Sub-Saharan Africa YOUTH LEARNING 334,946        
Sub-Saharan Africa YOUTH LEARNING 3,696,623        
Sub-Saharan Africa YOUTH LEARNING 4,853,677        
Sub-Saharan Africa Financial Inclusion 1,780,321        
Sub-Saharan Africa YOUTH LEARNING 99,990        
North America Youth Learning 2,434,847        
Sub-Saharan Africa YOUTH LEARNING 316,653        
North America YOUTH LEARNING 215,670        
Sub-Saharan Africa YOUTH LEARNING 1,378,596        
Sub-Saharan Africa YOUTH LEARNING 1,808,658        
Sub-Saharan Africa YOUTH LEARNING 823,433        
Sub-Saharan Africa youth learning 7,252,291        
Sub-Saharan Africa Financial Inclusion & Youth Learning 1,463,658        
Sub-Saharan Africa YOUTH LEARNING 249,945        
Sub-Saharan Africa YOUTH LEARNING 354,699        
Sub-Saharan Africa YOUTH LEARNING 8,353,446        
Sub-Saharan Africa Financial Inclusion 388,661        
Sub-Saharan Africa FINANCIAL INCLUSION 368,348        
Sub-Saharan Africa Financial Inclusion 5,821,680        
Sub-Saharan Africa YOUTH LEARNING 250,000        
Sub-Saharan Africa Financial Inclusion 5,592,897        
Europe (Including Iceland and Greenland) YOUTH LEARNING 50,000        
Sub-Saharan Africa Financial Inclusion 35,152        
North America YOUTH LEARNING 3,107,818        
North America YOUTH LEARNING 1,652,909        
Sub-Saharan Africa Financial Inclusion 1,813,316        
Sub-Saharan Africa Youth learning 2,144,685        
Sub-Saharan Africa Youth learning 72,140        
Sub-Saharan Africa Youth learning 699,598        
Sub-Saharan Africa Youth learning 49,990        
Sub-Saharan Africa Youth learning 245,600        
Sub-Saharan Africa Financial Inclusion 2,381,499        
Sub-Saharan Africa Financial Inclusion 4,896,854        
Sub-Saharan Africa Youth learning 6,913,935        
North America Youth learning 6,107        
Sub-Saharan Africa Youth learning 719,250        
North America Youth learning 97,617        
Sub-Saharan Africa Youth Learning 1,125,727        
Sub-Saharan Africa Youth learning 750,000        
Sub-Saharan Africa Youth learning 379,825        
Sub-Saharan Africa Youth learning 587,566        
Sub-Saharan Africa Youth learning 3,717,038        
North America Youth learning 9,874        
Sub-Saharan Africa Financial Inclusion 396,445        
Sub-Saharan Africa Youth learning 200,000        
Sub-Saharan Africa Youth learning 250,000        
Sub-Saharan Africa Financial Inclusion 10,525,597        
Sub-Saharan Africa Financial Inclusion 3,441,162        
Sub-Saharan Africa Financial Inclusion 18,647,548        
Sub-Saharan Africa Financial Inclusion 1,000,827        
Sub-Saharan Africa Youth learning 572,326        
Sub-Saharan Africa Youth learning 3,784,014        
Sub-Saharan Africa Financial Inclusion 8,212,658        
Sub-Saharan Africa Youth learning 1,818,081        
Sub-Saharan Africa Youth learning 493,822        
Sub-Saharan Africa Youth learning 7,253        
North America Youth learning 1,241,223        
Sub-Saharan Africa Youth learning 800,000        
Sub-Saharan Africa YOUTH Learning 148,740        
Sub-Saharan Africa Financial Inclusion 1,561,916        
Sub-Saharan Africa Financial Inclusion 99,999        
Sub-Saharan Africa Youth Learning 40,057,500        
Sub-Saharan Africa Financial Inclusion 6,702,048        
Sub-Saharan Africa Youth Learning 40,000        
Sub-Saharan Africa Financial Inclusion 5,160,410        
Sub-Saharan Africa Financial Inclusion 1,767,614        
Sub-Saharan Africa Financial Inclusion 100,000        
North America Youth Learning 252,745        
Sub-Saharan Africa Youth Learning 343,541        
North America Youth Learning 107,835        
Sub-Saharan Africa Youth Learning 249,644        
Sub-Saharan Africa Youth Learning 3,797,665        
Sub-Saharan Africa Youth Learning 40,000        
Sub-Saharan Africa Youth Learning 38,605        
Sub-Saharan Africa Youth Learning 150,000        
Sub-Saharan Africa Youth Learning 4,003,132        
Sub-Saharan Africa Financial Inclusion 250,000        
North America Youth Learning 34,845        
Sub-Saharan Africa Youth Learning 2,242,321        
Sub-Saharan Africa Youth Learning 367,458        
North America Youth Learning 173,028        
Sub-Saharan Africa Youth Learning 2,847,381        
Sub-Saharan Africa Youth Learning 30,000        
North America Youth Learning 359,450        
Sub-Saharan Africa Youth Learning 2,014,110        
Sub-Saharan Africa Youth Learning 226,100        
Sub-Saharan Africa Youth Learning 2,275,840        
Sub-Saharan Africa Youth Learning 4,762,378        
Sub-Saharan Africa Youth Learning 840,881        
North America Youth Learning 276,638        
Sub-Saharan Africa Financial Inclusion 2,987,994        
North America Youth Learning 53,120        
Sub-Saharan Africa Youth Learning 140,536        
Europe (Including Iceland and Greenland) Youth Learning 249,938        
Sub-Saharan Africa Financial Inclusion 100,821        
Sub-Saharan Africa Youth Learning 5,300,911        
Sub-Saharan Africa Financial Inclusion 1,000,774        
Sub-Saharan Africa Financial Inclusion 248,186        
Sub-Saharan Africa Youth Learning 144,210        
Sub-Saharan Africa Youth Learning 83,844        
Sub-Saharan Africa Youth Learning 377,866        
North America Youth Learning 208,481        
Sub-Saharan Africa Youth Learning 104,989        
Sub-Saharan Africa Youth Learning 337,188        
Sub-Saharan Africa Youth Learning 249,949        
Sub-Saharan Africa Youth Learning 1,557,800        
Sub-Saharan Africa Financial Inclusion 15,544,425        
Sub-Saharan Africa Youth Learning 97,500        
North America Youth Learning 1,814,785        
Sub-Saharan Africa Financial Inclusion 897,148        
North America Youth Learning 248,271        
Sub-Saharan Africa Financial Inclusion 2,097,161        
Sub-Saharan Africa Youth Learning 94,237        
Sub-Saharan Africa Youth Learning 50,000        
2 Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter .......MediumBullet
2
3 Enter total number of other organizations or entities .......................MediumBullet
223
Schedule F (Form 990) 2020
Schedule F (Form 990) 2020Page 3
Part III
Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 16.
Part III can be duplicated if additional space is needed.
(a) Type of grant or assistance (b) Region (c) Number of recipients (d) Amount of
cash grant 		(e) Manner of cash
disbursement 		(f) Amount of
noncash
assistance 		(g) Description
of noncash
assistance 		(h) Method of
valuation
(book, FMV,
appraisal, other)
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
Schedule F (Form 990) 2020
Schedule F (Form 990) 2020
Page 4
Part IV
Foreign Forms
1 Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 926, Return by a U.S. Transferor of Property to a Foreign Corporation (see Instructions for Form 926). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 Did the organization have an interest in a foreign trust during the tax year? If "Yes," the organization may be required to separately file Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts, and/or Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner (see Instructions for Forms 3520 and 3520-A; don't file with Form 990). . . . . . . . . . . . . . . . . . . . . . . .
3 Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 5471, Information Return of U.S. Persons with Respect to Certain Foreign Corporations. (see Instructions for Form 5471). . . . . . . . . . . . . . . . . . . . . . . . . . . .
4 Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If “Yes,” the organization may be required to file Form 8621, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see Instructions for Form 8621) .
5 Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons with Respect to Certain Foreign Partnerships (see Instructions for Form 8865). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6 Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to separately file Form 5713, International Boycott Report (see Instructions for Form 5713; don't file with Form 990).. . . . . . . . . . . . . . . . . . . . . . . . . . . .
Schedule F (Form 990) 2020
Schedule F (Form 990) 2020
Page 5
Part V
Supplemental Information
Provide the information required by Part I, line 2 (monitoring of funds); Part I, line 3, column (f) (accounting method; amounts of investments vs. expenditures per region); Part II, line 1 (accounting method); Part III (accounting method); and Part III, column (c) (estimated number of recipients), as applicable. Also complete this part to provide any additional information. See instructions.
ReturnReference Explanation
SCHEDULE F, LINE 2 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. DURING THE COVID-19 PANDEMIC, IN-PERSON VISITS HAVE BEEN LIMITED AND LARGELY REPLACED BY VIRTUAL MEETINGS AND STRENGTHENED DESKTOP REVIEWS. AN ASSESSMENT OF COMPLIANCE WITH ANTI-TERRORISM LEGISLATION AND OTHER DUE DILIGENCE PROCEDURES ARE DONE ON AN ANNUAL BASIS FOR MULTI-YEAR PROJECTS.
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
Schedule F (Form 990) 2020
Additional Data


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