In honor of World AIDS Day, Dec. 1, 2013, Mattel Inc. (Nasdaq: MAT) and the Mattel Children’s Foundation today announced the creation of the Joseph A. Cristina HIV/AIDS Children’s Fund, with the purpose of making a difference in the lives of children affected by HIV/AIDS in the U.S. by helping to meet their diverse needs, educating and advocating on their behalf, and bringing joy and fun into their lives. The fund, which will be exclusively endowed by the Mattel Children’s Foundation and managed by the California Community Foundation, will grant funds to non-profit organizations which support the needs of children affected by HIV/AIDS in the U.S.
More than 15 years ago, former Mattel executive Joe Cristina turned the personal tragedy of an HIV-positive diagnosis into an opportunity to make a difference by founding the Children Affected by AIDS Foundation (CAAF). Through his vision and leadership, CAAF raised $40 million since its inception dedicated to impacting children affected by HIV/AIDS through support of nonprofit organizations providing social, educational, recreational and other programs addressing the critical needs of these children. To hear Joe tell his story, click the following link: http://bit.ly/Skxcy1.
Mattel, the Mattel Children’s Foundation and Mattel employees have been there every step of the way with continued and multi-faceted support. In June 2012, CAAF joined forces with fellow nonprofit Keep a Child Alive (KCA) in order to better serve children affected by HIV/AIDS in regions of the world where the greatest need exists.
“The most challenging part of leading CAAF has been knowing there are more than 33 million people infected with HIV globally and 16 million children who have been orphaned as a result – and just not being able to do enough,” said Cristina. “Through the efforts of KCA and the Joseph A. Cristina HIV/AIDS Children’s Fund, we will collectively be able to fulfill the needs and bring joy to more children affected by HIV/AIDS around the world.”