Each week, Neighborhood Networks provides potential funding sources to help centers develop and improve programs and services. Featured this week is MasterCard.
MasterCard Worldwide advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders, and merchants worldwide. MasterCard develops and markets payment solutions, processes approximately 21 billion transactions each year, and provides industry-leading analysis and consulting services to financial institution customers and merchants. MasterCard serves consumers and businesses in more than 210 countries and territories.
Program Areas: MasterCard is committed to enhancing the communities in which it does business and promoting education as the major tool for economic self-sufficiency. The company focuses its giving efforts on youth education and technology, delivering support through contributions to eligible nonprofits that help youth access education, understand and utilize technology, and develop the skills necessary to enter and succeed in a diverse, global workforce.
Communities in which MasterCard has a presence are located in California, Delaware, the District of Columbia, Georgia, Illinois, Massachusetts, Michigan, Missouri, New York, Rhode Island, and Texas.
Targeted Area: Northeast, Mid-Atlantic, Southeast, Midwest, Southwest, and West.
Eligibility: Organizations interested in applying for program-relevant funding must be recognized as a tax-exempt 501 (c)(3) nonprofit by the Internal Revenue Service. MasterCard does not fund:
- Seminars, conferences, or trips.
- Goodwill advertising.
- Endowments or capital campaigns.
- Fundraising events, telethons, races, or other benefits.
- Basic or applied research.
- Athletic or social programs or activities.
- Multiyear pledges.
- Loans or debt retirement.
- Special events (e.g., tickets or tables).
In addition, organizations are limited to one award per calendar year. MasterCard does not make multiyear commitments.
Award Amount: Award amounts vary.
Application Process: Only proposals or requests submitted online via MasterCard’s online application system will be considered.
Applications are reviewed monthly. Organizations may expect to receive a response six to eight weeks after submitting a complete request. Funds will be distributed to organizations approximately 30 days following notification of grant award. Decisions are made at MasterCard Worldwide’s sole discretion and subject to fund availability and program priorities. All applicants should proceed by taking the eligibility quiz.
Contact: For more information about MasterCard’s corporate giving, contact:
Phone: (800) 622–7747
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