Leadership of The MasterCard Foundation Named



    Former Colgate-Palmolive Vice Chairman and Chief Operating Officer
    Lois Juliber to Serve as Chairman of the Board of Directors

    Deanna Rosenswig Is President and Chief Executive Officer

    TORONTO, ON and PURCHASE, NY, April 5 /CNW/ - The leadership of The
MasterCard Foundation, an independent charitable foundation headquartered in
Toronto, was announced today. The Foundation's mission is to broaden access to
the global economy through innovative microfinance programs and to increase
access to quality education opportunities for young people around the world.
    Lois Juliber, retired vice chairman and chief operating officer of
Colgate-Palmolive Company, will serve as chairman of the board. Deanna
Rosenswig, a former senior executive at Bank of Montreal, who has been active
on the boards of a number of philanthropic organizations focused on
microfinance, will serve as the foundation's president and chief executive
officer.
    Juliber is joined on the Board of Directors by Phillip L. Clay,
chancellor and professor of City Planning at the Massachusetts Institute of
Technology; David L. Johnston, president of the University of Waterloo;
Elizabeth L. Littlefield, chief executive of CGAP, the Consultative Group to
Assist the Poor; Paul M. Ostergard, retired head of the Citigroup Foundation;
Marguerite S. Robinson, a former professor of anthropology, author, and
frequent speaker on microfinance; Mary Robinson, former president of Ireland
and president of Realizing Rights: The Ethical Globalization Initiative; and
Nigel Wright, managing director of Onex Corporation.
    "We are delighted that these distinguished individuals, with their wealth
of experience and global expertise, have made this commitment to building a
world-class charitable foundation aimed at providing the financial resources
and technical skills to help individuals, families and communities achieve
long-term economic progress," said Robert W. Selander, MasterCard president
and chief executive officer.
    "The Foundation's Board of Directors is working hard to develop the
structure of the new organization and to establish a preliminary roadmap for
grant making," said Lois Juliber, chairman. "With the appointment of Deanna
Rosenswig, a seasoned business leader and manager, we are well positioned to
move ahead with defining and implementing the strategic vision for the
Foundation."
    Rosenswig, a native of Montreal, Canada, joins the Foundation after a
career in banking that spanned more than 30 years and included several senior
executive roles. A graduate of McGill University, Rosenswig is co-author of
"Dreams Have No Expiry Date: A Practical and Inspirational Way for Women to
Take Charge of their Futures." She is a former member of the Board of
Directors of Women's World Banking and Calmeadow, two leading microfinance
organizations.
    "When I worked on the book about dreams and women taking charge of their
futures, I never dreamed that I would have the chance to blend my microfinance
and corporate banking experience in one organization. Today I lead The
MasterCard Foundation that will make a difference for poor people around the
world and help them make their dreams a possibility," said Rosenswig. "I thank
MasterCard and its customers for their generosity and recognition that
financial services play a critical role in alleviating poverty by giving low
income people some control over their lives."
    The Foundation was created in May 2006 through the generosity of
MasterCard's customer financial institutions at the time of MasterCard's
initial public offering. In an unprecedented move, the companies agreed to
reduce their proceeds from the offering to vest the Foundation with more than
13 million shares of stock, currently valued at more than one billion U.S.
dollars.

    Additional background on members of the Board of Directors:

    Lois Juliber
    ------------
    Lois Juliber is retired vice chairman and chief operating officer of
Colgate-Palmolive Company, a director of Goldman Sachs and DuPont, and a
member of the boards of trustees of Wellesley College, Girls Inc., and Women's
World Banking.

    Phillip L. Clay
    ---------------
    Phillip L. Clay is the chancellor and professor of City Planning at the
Massachusetts Institute of Technology. His specialization is Housing,
Community and Economic Development. He is also the former chair of the
department of Urban Studies and Planning at MIT and currently chairs the board
of the Community Builders, the nation's largest developer of nonprofit
housing.

    David L. Johnston
    -----------------
    David L. Johnston is the president of the University of Waterloo in
Ontario, Canada. He is past president of the Board of Overseers for Harvard
University and is a Companion of the Order of Canada.

    Elizabeth L. Littlefield
    ------------------------
    Elizabeth L. Littlefield is a director of the World Bank and the chief
executive of CGAP, the Consultative Group to Assist the Poor, a global donor
consortium for microfinance. She is also a former managing director of J.P.
Morgan.

    Paul M. Ostergard
    -----------------
    Paul M Ostergard is the retired head of the Citigroup Foundation, where
he oversaw the Foundation's global program in microfinance. He has also served
as head of the GE Foundation, the Committee to Encourage Corporate
Philanthropy, and Junior Achievement International. He is interim head of the
Hispanic Scholarship Fund, and a trustee of Case University and Scholarship
America.

    Marguerite S. Robinson
    ----------------------
    Marguerite S. Robinson is a former professor of anthropology, author,
independent consultant, and frequent speaker on microfinance and other
development issues. She has authored The Microfinance Revolution, Volumes 1
and 2; two additional volumes are in progress. Robinson is an Institute Fellow
Emeritus of the Harvard Institute for International Development.

    Mary Robinson
    -------------
    Mary Robinson is the president of Realizing Rights: The Ethical
Globalization Initiative. She is the former president of Ireland, and served
as the UN High Commissioner for Human Rights. She is vice president of the
Club of Madrid, chair of the Board of the International Institute for
Environment & Development, chair of the Board of the Global Fund for Human
Rights and the honorary president of Oxfam International. A founding member
and chair of the Council of Women World Leaders, she serves on many boards
including the GVAI Fund Board, and chairs the Irish Chamber Orchestra.

    Nigel Wright
    ------------
    Nigel Wright is managing director of Onex Corporation, one of Canada's
largest companies with global operations in service, manufacturing and
technology industries. Wright is a member of the board of directors at Spirit
Aerosystems, Inc.

    About The MasterCard Foundation
    The MasterCard Foundation is an independent, private charitable
foundation headquartered in Toronto, Canada. It was established in May 2006,
through the generosity of MasterCard's customer financial institutions at the
time of the company's initial public offering, to fuel economic growth and
opportunity for underserved people around the world. Its mission is to broaden
access to the global economy through innovative microfinance programs and to
increase access to quality educational opportunities for underserved people.
For more information, go to www.mastercardfoundation.org.

    About MasterCard Worldwide
    MasterCard Worldwide advances global commerce by providing a critical
economic link among financial institutions, businesses, cardholders and
merchants worldwide. As a franchisor, processor and advisor, MasterCard
develops and markets payment solutions, processes approximately 16 billion
payments each year, and provides industry-leading analysis and consulting
services to financial institution customers and merchants. Through its family
of brands, including MasterCard(R), Maestro(R) and Cirrus(R), MasterCard
Worldwide serves consumers and businesses in more than 210 countries and
territories. For more information go to www.mastercardworldwide.com.




For further information:

For further information: MasterCard Worldwide: Sharon Gamsin, (914)
249-5622, sgamsin@mastercard.com; The MasterCard Foundation: Paul Massey (202)
585-2799, pmassey@webershandwick.com

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MASTERCARD FOUNDATION

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