Mastercard Foundation sold $6.66m in Mastercard shares-July 24-26
Mastercard Foundation is a global foundation established by Mastercard in 2006. Since its creation, the Foundation has partnered with a number of worldwide Non-governmental organizations and core partners aiming to ameliorate financial life, primarily in the Global South. Its objective is to use a $2 billion endowment on Microfinance programs. With these programs, the Foundation's goal is to make global economics more accessible to people around the world. These programs also strive to give youth around the world new educational experiences and access to financial services and programs
The Foundation and partners collaborate in an attempt to increase access to financial inclusion programs and services.
Other partners include:
Aga Khan Foundation **
Catholic Relief Services
Freedom from Hunger
Microfinance Information Exchange
Plan Canada, Save the Children
The SEEP Network
Women's World Banking
Equity Group Foundation
The Mastercard Foundation Scholars
The Mastercard Foundation is also in partnership with Education for Employment (EFE). This partnership committed 3.2 million dollars to introduce MORAD, a program devised to employ 15,500 Moroccan youth with a 4 year job opportunity. This program provides career building opportunities to 3,000 university graduates, many of whom are women, and also provide employment to an additional 12,500 disadvantaged youth.
The Aga Khan Foundation
(AKF) is a private, not-for-profit international development agency,which was founded in 1967 by Prince Shah Al Hussaini, Aga Khan IV. AKF seeks to provide long-term solutions to problems of poverty, hunger, illiteracy and ill health in the poorest parts of South and Central Asia, Eastern and Western Africa, and the Middle East. In these regions, the needs of rural communities in mountainous, coastal and resource poor areas are given particular attention. The Foundation's activities often reinforce the work of other sister agencies within the Aga Khan Development Network (AKDN). While these agencies are guided by different mandates pertaining to their respective fields of expertise (the environment, culture, microfinance, health, education, architecture, rural development), their activities are often coordinated with one another in order to "multiply" the overall effect that the Network has in any given place or community. AKF also collaborates with local, national and international partners in order to bring about sustainable improvements of life in the 19 countries in which it works. The Foundation's head office is located in Geneva, Switzerland.