Statement of Support
Mastercard Foundation $1.3 billion commitment to save lives and livelihoods in Africa
“We need all shoulders against the wheel to stop COVID-19 in its tracks, and this $1.3 billion commitment by the Mastercard Foundation is the kind of effort that can change the trajectory of the pandemic. It will enable millions of people across Africa to receive COVID-19 vaccines. By partnering with Africa CDC and others to solve for every hurdle – from the purchasing, delivery, and dissemination of vaccines, to strengthening institutions and creating jobs – the impact won’t just benefit the continent, it’ll benefit all of us. We have always commended the Foundation in its relentless work to advance economic opportunities for young people and communities in Africa and we commend them now for their extraordinary leadership in a time of crisis. This is how we beat the virus, together.” Ajay Banga, Executive Chairman, Mastercard.
Background
The Mastercard Foundation was created fifteen years ago through a gift of stock when Mastercard became a public company. Since its inception, the Mastercard Foundation was established as an independent, Canadian foundation with its own Board of Directors and management, who are focused on advancing their vision, Opportunity for All to Learn and Proper. Today, we are immensely proud that the Mastercard Foundation is one of the largest global foundations with a track record of impactful programs in education, financial inclusion and youth livelihoods in Africa.
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Mastercard Foundation
The Mastercard Foundation was created fifteen years ago through a gift of stock when Mastercard became a public company. Since its inception, the Mastercard Foundation was established as an independent, Canadian foundation with its own Board of Directors and management, who are focused on advancing their vision, Opportunity for All to Learn and Proper. Today, we are immensely proud that the Mastercard Foundation is one of the largest global foundations with a track record of impactful programs in education, financial inclusion and youth livelihoods in Africa.
About Mastercard (NYSE: MA)
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.
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