Mastercard and The Rockefeller Foundation Announce ‘Data Science for Social Impact’ with Initial $50 Million Commitment
New collaborative to unlock the power of data for good
DAVOS, Switzerland, January 22, 2019 –The Mastercard Center for Inclusive Growth and The Rockefeller Foundation today announced Data Science for Social Impact. This transformational model for collaborative philanthropy will accelerate the use of data science by empowering non-profit, civic and government organizations with the tools, expertise and other capabilities they need to help solve the world’s most pressing challenges.
The collaborative was announced at the World Economic Forum’s Annual Meeting in Davos, Switzerland, with an initial commitment of $50 million from The Rockefeller Foundation and the Mastercard Impact Fund over five years and an invitation to other companies and philanthropies to join…
The collaborative’s first activity is $20 million in funding to DataKind, a global nonprofit that harnesses the power of data science and AI in the service of humanity that has completed over 250 projects by deploying expert data science volunteers from their network of over 30,000 across five worldwide chapters since its founding in 2011. This support from the collaborative will allow DataKind to transition from a project to a platform-based model, thereby, supporting more organizations on a set of common issues, including community health and inclusive growth.