The Mastercard Foundation is a prominent international charitable organization based in Toronto, Canada. Established in 2006 by Mastercard Incorporated, it is recognized as the wealthiest charitable foundation in Canada and one of the largest globally, with assets around $47 billion as of 2024. The foundation operates independently, focusing on reducing gender and economic inequality, expanding access to quality education, and creating decent work opportunities, particularly for youth.

The foundation's initiatives include the Mastercard Foundation Scholars Program, which supports talented young people from Africa in pursuing higher education and developing leadership skills. Another key program, EleV, aims to help 100,000 Indigenous young people in Canada complete post-secondary education and transition to meaningful employment by 2030. The Centre for Innovative Teaching and Learning promotes technology use to enhance education access for underserved communities. The Mastercard Foundation also has a history of successful microfinance programs in Africa, demonstrating its commitment to financial inclusion and economic growth.