About Mastercard Impact Fund
The Mastercard Impact Fund concentrates large, strategic grants to scale digital financial inclusion, small-business recovery and resilience (often under the STRIVE label), and global health emergency response. It supports intermediary organizations and implementation partners—frequently via multi‑million dollar awards to consulting/tech delivery firms and pooled-fund intermediaries—while also funding employee giving and matching platforms. Grants are global in scope and oriented toward measurable, data‑driven social impact and rapid crisis response.
Focus Areas
Digital financial inclusion and fintech delivery partners (e.g., technical/implementation partners for digital payment solutions)Small business recovery and resilience initiatives (STRIVE programs aimed at MSME support)Global health emergency response and pandemic relief financingData for social impact / strategic, measurable program design and evaluationEmployee giving and matching infrastructure (corporate philanthropy platforms)
Who They Fund
small business owners / microenterprisesworkers / frontline and future workforce
About Mastercard Impact Fund
A defining feature of Mastercard Impact Fund is its use of large, repeated awards to delivery partners and intermediaries. In the recent grants list, Dai Global LLC received $17,689,631 in 2025 for small business work and another $11,000,000 in 2024 for Small Business - STRIVE, while Caribou Digital (UK) Ltd received $8,748,652 and $6,551,387 in 2024 for Small Business - STRIVE. Those grants show a funder that backs implementation capacity, not just direct services. The foundation also supports data and coordination infrastructure for measurable social impact. New Venture Fund received $7,800,000 in 2023, $3,618,681 in 2024, and $3,445,487 in 2025 for Data for Social Impact, and The Aspen Institute appears across multiple years for other strategic and inclusive growth work. Mastercard Impact Fund’s recent awards also include global health emergency response, employee giving and matching programs, and discretionary support. The pattern points to a funder that combines crisis response with systems-building, often through multi-million-dollar grants to organizations that can execute at scale.
What Mastercard Impact Fund Funds
Small business recovery and resilience is one of the clearest themes in the recent grants. Dai Global LLC received $17,689,631 in 2025 for small business work, and CARE received $4,126,037 in 2025 for Small Business. The STRIVE label appears repeatedly as well, including a $11,000,000 award to Dai Global LLC in 2024 and $3,515,949 to CARE in 2024. Digital and analytical infrastructure is another major lane. New Venture Fund received $7,800,000 in 2023 for Data for Social Impact, followed by $3,618,681 in 2024 and $3,445,487 in 2025 for the same purpose. Datakind Inc received $2,763,000 in 2023 for Data for Social Impact, and Auc Consortium received $2,159,600 in 2024 and again in 2025. The funder also makes grants tied to financial security and climate resilience, including $2,471,500 to The Earthshot Prize in 2024. Employee giving and matching appears as a separate funding stream through Yourcause Processing Services and American Online Giving Foundation Inc.
How Mastercard Impact Fund Gives
Typical grant size is large: the p25 is $200,000, the median is $498,162, and the p75 is $1,000,000. Recent awards range from hundreds of thousands to multi-million-dollar commitments, with several grants above $5 million. The pattern is recurring rather than one-off. New Venture Fund, The Aspen Institute, Accion International, Caribou Digital (UK) Ltd, and Dai Global LLC all appear across multiple years. The funder is classified as a regular funder, funds individuals, and makes program-related investments. The grant list also includes employee giving and matching infrastructure, along with strategic operating support through intermediaries and implementation partners.
Financial Snapshot
Annual Giving
$56.5M
Total Assets
$143.2M
Total Revenue
$31.3M
Total Expenses
$61.5M
Typical Grant Size
Most grants fall between $200K and $1M, with a median of $498K.
25th Percentile
$200K
Median
$498K
75th Percentile
$1M
Geographic Reach
National24 states funded
Funding intensity
LowHigh
Headquarters
Funding intensity
LowHigh
Where Mastercard Impact Fund Funds
Top 10 recipient countries by grant volume for Mastercard Impact Fund.
| Rank | Country | Grants | Total | Share |
|---|---|---|---|---|
| 1 | United StatesDomestic | 192 | $247.4M | 61.0% |
| 2 | United Kingdom |
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