Reeta Roy, president and CEO of The MasterCard Foundation. Photo by: Equity Bank / CC BY-NC-ND
The MasterCard Foundation is a Canada-based philanthropic organization, which works in the areas of financial inclusion and education. Established in 2006 through a gift of shares from MasterCard, Inc., the foundation commands $11 billion in net assets. Headquartered in Toronto, the foundation supports projects in North America, South America, Africa and Asia.
The foundation operates independently of the multinational financial services company and is headed by President and CEO Reeta Roy, alongside recently appointed Chairman of the Board Jim Leech. Roy and the board carry out the approval of project proposals at the foundation.