We’re committed to being a responsible corporate citizen around the world. Our philanthropic contributions help improve lives and strengthen global and local communities. To make sure our philanthropic resources are most impactful, Visa has developed a series of focus areas for our charitable giving.
Visa is committed to advancing financial inclusion for the world’s 2.5 billion unbanked adults, including through the strategic use of our philanthropic resources to support non-governmental organization programs and initiatives. We focus our giving to address obstacles and accelerate progress toward full financial inclusion, including: research, product design and delivery, agent banking, tipping point payments and women's empowerment through inclusion.
Visa also believes in the critical importance of financial literacy. We fund programs in more than 30 countries to help consumers understand how to spend, save and budget responsibly. Visa develops and implements locally-customized financial literacy programs and works with partners to serve as delivery channels for our high-quality, compelling content and programs.
Visa has a longstanding commitment to helping people affected by major natural disasters and humanitarian crises. In these difficult times, we work with our humanitarian response partners to direct funds to the people and places in greatest need.
Visa believes in the importance of encouraging and enabling employee involvement in our communities. We operate a global matching gift program that provides a Visa match to support employees’ personal charitable contributions up to US$5,000 each year. Visa also offers a global employee volunteer program that supports and encourages the volunteer involvement of our employees in their communities. Beyond these focus areas, Visa also contributes to strengthen the communities where our business operates and our employees live and work.
Visa operates our corporate giving activities with the highest levels of governance, ethics and compliance.
Our strategy and individual contributions are overseen by the Visa Charitable Contributions Committee, consisting of four Visa senior executives and the Nominating and Corporate Governance Committee of the Visa Inc. Board of Directors.
In the U.S., only qualified organizations recognized by the Internal Revenue Service under Section 501(c)(3) of the U.S. Internal Revenue Code of 1986, as amended (the “IRC”), are eligible to receive charitable contributions. Certain publicly and privately funded U.S. schools, colleges and universities also may be permissible recipients as qualified Section 501(c)(3) organizations, if they are accredited by a nationally recognized accrediting agency or state department of education.
Outside of the U.S., only organizations determined to be the equivalent of a U.S. organization qualifying under IRC Section 501(c)(3) are eligible to receive charitable contributions under the Policy. Certain publicly and privately funded schools, colleges and universities also may be permissible recipients, if they are accredited by a nationally recognized accrediting agency. All such organizations must meet relevant legal and regulatory requirements, including but not limited to those pertaining to charitable equivalency, national security, and anti-corruption.
Visa does not make contributions to: