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Corporate Social Responsibility
News
4.19.2005 ET
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Mattel Announces Signature Partnership With Save The Children
Partnership to Support Education Programs Worldwide
(CSRwire) El Segundo, Calif. - Mattel, Inc. [NYSE: MAT] and the Mattel
Children's Foundation today announced the launch of a global signature
partnership with Save the Children to create educational opportunities for
young children worldwide. The two-year partnership will focus on
implementation of the Early Childhood Literacy Program in remote, rural
and disenfranchised communities in the United States and educational
programs in six additional countries in Asia, Africa and the Middle East.
The Mattel Children's Foundation will provide an initial funding donation
of $600,000.
"Education is an important philanthropic priority at Mattel," said Kevin
Farr, Chairman of the Mattel Children's Foundation and Chief Financial
Officer of Mattel, Inc. "As part of our effort to expand the company's
philanthropic reach on a global scale, the Mattel Children's Foundation
selected Save the Children as a signature partner because of the
organization's commitment and success in improving early childhood
education and expanding access to education for children worldwide."
The components of the global partnership include:- A literacy
program in Uganda, the Philippines and Guinea that encourages parents to
become active participants in their child's education
- An initiative to establish community schools in Mali and Malawi
- A school-readiness program in Afghanistan to prepare children for the
transition to school
- Literacy projects in the rural areas of Appalachia (Kentucky and
Tennessee), Georgia, Mississippi and South Carolina featuring a take-home
book bag program for young children to encourage parent involvement in
education.
"Education is a powerful investment in the well-being of
children," said Charles MacCormack, President and CEO of Save the
Children. "We are grateful to Mattel for its generous support and
commitment to create real and lasting change for children in need."
About Save the Children
Save the Children is the leading independent organization creating real
and lasting change for children in need in the United States and in more
than 40 countries around the world. Save the Children is a member of the
International Save the Children Alliance, comprising 27 independent,
national Save the Children organizations working in more than 100
countries to ensure the well-being of children.
About the Mattel Children's Foundation
The Mattel Children's Foundation was established in 1978. With a vision of
"making a meaningful difference, one child at a time," the Foundation
provides cash grants through domestic and international grantmaking
programs, as well as international scholarships to children of employees,
matching gifts and volunteer grants for Mattel employees. In addition, the
Foundation continues its tradition of partnering with exemplary nonprofit
partners. In 2005, Mattel will partner with Special Olympics, Save the
Children, the Mattel Children's Hospital at UCLA, the National Association
of Children's Hospitals and Related Institutions (NACHRI) and the Children
Affected by AIDS Foundation (CAAF). The Mattel Children's Foundation is
funded exclusively by cash donations from Mattel, Inc.
About Mattel, Inc.
Mattel, Inc., (NYSE: MAT, www.mattel.com) is the worldwide leader
in the design, manufacture and marketing of toys and family products. With
worldwide headquarters in El Segundo, Calif., Mattel employs more than
25,000 people in 42 countries and sells products in more than 150 nations
throughout the world. The Mattel vision is to be the world's premier toy
brands -- today and tomorrow.
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