The MasterCard Foundation on Wednesday pledged $500 million for scholarships for African students over the next 10 years. Many of the students will enroll at institutions that are partners in the program. Among them are the American University of Beirut, Arizona State University, Ashesi University, Duke University, EARTH University, Michigan State University, Stanford University, University of California at Berkeley and Wellesley College. Details on the new program may be found here.