MASTERCARD FOUNDATION INTRODUCES MFAM, A NEW SEPARATE ASSET MANAGEMENT COMPANY, TO SUPPORT ITS PHILANTHROPIC MISSION
Mastercard Incorporated (MA)
Last mastercard incorporated earnings: 4/29 08:00 am
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investor.mastercard.com/investor-relations/default.aspx
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Source: PR Newswire
MFAM investment returns to fund the Mastercard Foundation's work with its partners in Africa and Canada over the long termTORONTO, May 2, 2024 /PRNewswire/ -- The Mastercard Foundation today introduced the Mastercard Foundation Asset Management (MFAM) Corporation, a new, separate asset management company with a mandate to build and manage a diversified portfolio to support the mission of the Mastercard Foundation and the work of its partners over the long term. The Mastercard Foundation is a registered Canadian charity and one of the largest private foundations in the world. It works with visionary organizations to advance education and financial inclusion to enable young people in Africa and Indigenous youth in Canada to access dignified and fulfilling work.Reeta Roy, President and CEO of the Mastercard Foundation, said, "The programs of the Mastercard Foundation are transforming the lives of young people in Africa and in Indigenous communities in Canada. Led by John Barker, MFAM is
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