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In May 2006, Mastercard Incorporated held its initial public offering (IPO) that valued it at about US$5.6 billion; [7] as part of the IPO, Mastercard Inc. donated 13.5 million shares, expected to be worth an initial US$600 million (equivalent to US$906.8 million in 2023), to a newly created independent charitable foundation to be named the Mastercard Foundation.
A young man (in bowtie) receives a scholarship at a ceremony. A scholarship is a form of financial aid awarded to students for further education.Generally, scholarships are awarded based on a set of criteria such as academic merit, diversity and inclusion, athletic skill, and financial need, research experience or specific professional experience.
This page was last edited on 17 February 2019, at 00:07 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
Robert Bosch Foundation Germany: Stuttgart: $6 billion €5.3 billion 1964 [36] 35 Children's Investment Fund Foundation United Kingdom: London: $5.9 billion £5.2 billion 2002 [37] 36 Conrad N. Hilton Foundation United States: Westlake Village, California: $5.9 billion 1944 [38] 37 Nemours Foundation United States: Jacksonville: $4.6 billion ...
In June 2015, Zomahoun secured a $25 million (USD) investment from the MasterCard Foundation. This investment enabled 500 scholarship students to pursue master's degrees in mathematical sciences and developed a mathematics teacher training program. [10] The donation was announced in Cape Town on June 4, 2015. [10] [16]
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