Canada’s lone ‘mega-foundation’ gets court approval for early sale of billions in Mastercard stock. Could it boost Indigenous-focused impact investing?

Author Gabe Oatley
“Mastercard could be a game changer.”

Why It Matters

The Mastercard Foundation’s staggering size means even a modest change to its investment strategy could have a big impact both domestically and abroad.

var TRINITY_TTS_WP_CONFIG = {"cleanText":"Canada\u2019s lone \u2018mega-foundation\u2019 gets court approval for early sale of billions in Mastercard stock. Could it boost Indigenous-focused impact investing?. An Ontario court has approved a request by the Mastercard Foundation, Canada\u2019s only mega-foundation, to sell billions of dollars worth of Mastercard Inc. stock more than three years earlier than initially planned \u2014 a move that could impact how the foundation invests domestically and internationally according to some experts. One of the world\u2019s largest foundations with assets of US$37 billion, it was established during Mastercard Incorporated\u2019s initial public offering in 2006, receiving 10 per cent of the company\u2019s equity, then worth about US$500 million. As part of

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