Mastercard Impact Fund

Private foundation · EIN 82-4717403 · since 2018mastercardcenter.org/about-the-center/mastercard-impact-fund·International·Updated 13 October 2026

At a glance

$62.1M

Annual giving, 2024 tax year

From the Form 990-PF filing

$75,000 to $2.5M

Grant range

From grants in the 990-PF filings

$375k

Typical grant (median)

52 grants in the latest filing

Invitation only

Unsolicited applications are not accepted

This funder does not accept unsolicited applications. The foundation chooses the organisations it funds itself.

Key takeaways

The fund's work covers small business, financial security and impact data science, and it reaches people through on-the-ground partners rather than directly, so a small nonprofit fits best if it delivers that kind of work through local organisations; its geographic focus is given as Priority: Worldwide.
The fund says it does not accept unsolicited requests, and 97% of its grant dollars in the filing went to organisations it had already funded, so a cold application is unlikely to get a hearing and a warm introduction or existing relationship is the more realistic route.
Most of its grants, about 8 in 10, fall between $75,000 and $2,500,000, with a median of $495,000 and half of its grants at $495,000 or less, so a request in that region is typical, though its largest grant was about $17,500,000.
The fund does not fund individuals or small businesses directly, so requests should describe how the money would reach them through an organisation.

Overview

Mastercard Impact Fund is a US private foundation based in Purchase, NY.

What they fund

Profile derived from the foundation's IRS Form 990-PF filings (TY2024, TY2023, TY2022) and its website, with every statement checked against those sources. Sources read on 7 October 2026.

Priority Areas

The Mastercard Impact Fund is committed to advancing inclusive growth and other community needs. It does not fund individuals or small businesses directly; instead, it uses its resources to develop and fund partners whose teams work on the ground with local populations worldwide. Through those partners, it aims to extend financial services, tools and other resources to small businesses, and to connect people with support that increases financial security and economic mobility. Its stated areas include small business, financial security and impact data science. The fund says local expertise and scale are key to lasting impact.

Themes

Small business
Financial security
Impact data science

Geographic Focus

Priority: Worldwide.

What They Don't Fund

Individuals or small businesses directly

How to apply

The foundation states that it does not accept unsolicited requests.

Application success factors

Repeat giving: In its TY2024 filing, 97% of its grant dollars to organisations went to organisations it had also funded in its TY2022 or TY2023 filing.
Grant size: Across its TY2022, TY2023 and TY2024 filings, half of its 189 grants to organisations were $495,000 or less.

What the foundation says:

The fund considers local expertise and scale key to achieving lasting impact.

Where grants go

From grants to organisations in the foundation’s filings for tax years 2022–2024.

Grant dollars by state

District of Columbia26%

Maryland16%

New York10%

Georgia8%

Massachusetts3%

Delaware3%

6 other states: 10%

Outside the US or with no state on the filing: 24%

The largest single recipient received 16% of grant dollars to organisations.
In tax year 2024, 97% of grant dollars went to organisations Mastercard Impact Fund had funded in earlier filings.
21% of grant dollars went directly to organisations outside the US (United Kingdom, Panama, India, Canada).
15% of grant dollars went to intermediaries that regrant to other organisations.

Grants

52 grants in the latest filing analysed · median $375k

How much do they typically give?

Share of 52 grants in tax year 2024 by size

$25k–$50k4%

$50k–$100k8%

$100k–$250k21%

$250k–$500k23%

$500k–$1M13%

$1M and over31%

Median $375k (tax year 2024)

The largest grants to organisations in the foundation’s latest filing:

DAI Global · Small business
$17,689,6312024 tax year
American Online Giving Foundation · Employee giving match
$4,663,3782024 tax year
Cooperative for Assistance and Relief Everywhere (CARE) · Small business
$4,126,0372024 tax year
Aspen Institute · Other strategic
$3,545,9292024 tax year
Caribou Digital (UK) · Small business
$3,500,0002024 tax year
New Venture Fund · Data for social impact
$3,445,4872024 tax year
Accion International · Small business
$2,817,4902024 tax year
AUC Consortium · Data for social impact
$2,159,6002024 tax year

Grants to organisations listed in the foundation’s Form 990-PF filings. Grants to individuals are not shown.

Officers and directors

Latoya Murphy — Assistant Treasurer
Indraneel Ganguly — Assistant Treasurer
Vivian Zhou — Treasurer
Kristin Haynes — Assistant Treasurer
Tanya Southerland — Assistant Secretary
Dena Devaney — Vice President
Millie Chun — Vice President
Sandra Arkell — Vice President
Tim Murphy — Director
Shamina Singh — Director, President
Jon Huntsman — Director
Walter Macnee — Director
Martina Hund-Mejean — Director, Chair

From the latest Form 990-PF filing

3 years of tax filings

Year	Total expenses	Grants paid	Assets	Filing document
2022 tax year	$42,275,015	$61,996,171	$237,082,053	Filing for 2022 tax year
2023 tax year	$77,454,097	$71,328,949	$183,357,220	Filing for 2023 tax year
2024 tax year	$61,489,371	$62,073,582	$143,230,488	Filing for 2024 tax year

Figures from the foundation’s IRS Form 990-PF filings. Assets are at fair market value at year end. The document icon links to each year’s filing on ProPublica Nonprofit Explorer.