Mastercard Foundation Asset Management Corp.
Mastercard Foundation Asset Management Corporation (MFAM) is a standalone asset manager established in 2023 and headquartered in Toronto, Ontario, Canada. MFAM was created to manage and diversify the investment portfolio of the Mastercard Foundation, one of the world’s largest charitable foundations. With a mandate rooted in advancing the Foundation’s mission in Africa and Canada, MFAM seeks to deliver long-term returns supporting initiatives in education, youth employment, and inclusive economic growth. The firm is building a growing team of professionals to steward these resources and currently operates under a leadership team including CIO John Barker and COO Jennifer Newman.
Investment Strategy
MFAM’s investment strategy is to build a diversified, long-term portfolio that supports the Mastercard Foundation’s philanthropic mission. The approach emphasizes stewardship for sustainable impact, balancing financial returns with the Foundation's need for stable and predictable funding. MFAM allocates capital across asset classes to optimize returns and robustness, ensuring available resources for programs targeting education, youth employment, and inclusive economic opportunity, particularly in Africa and among Indigenous youth in Canada.
Top Holdings
Equity Positions (4)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
M MA | Mastercard Incorporated | 92.28% | $39.99B | 70,307,604 | $526.57 | $568.81 | -$2.26B |
A AGG | BlackRock Fund Advisors | 4.39% | $1.90B | 18,965,631 | $99.00 | $100.25 | +$19.9M |
S SPY | State Street Global Advisors | 1.81% | $785.8M | 1,179,487 | $666.18 | $666.18 | +$785.8M |
B BND | The Vanguard Group, Inc. | 1.52% | $659.1M | 8,862,905 | $73.45 | $74.37 | +$6.6M |