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With many of Los Angeles’ top business, philanthropic, art and design leaders looking on, Samuel Hoi, president of Otis College of Art and Design accepted a $1,850,000 gift from Mattel, Inc., presented by Mattel International President Bryan Stockton, who is also a member of the Otis Board of Trustees. “Otis College is fortunate to have a generous corporate citizen like Mattel in our midst,” said Hoi at the presentation today. “To be competitive in the world and in this age of ideas and innovation, we must embrace creativity in our schools as well as our workplaces. Mattel clearly understands this important issue by responding with this generous gift.”
Mattel’s philanthropic gift, part of its commitment to two-percent pretax profit to philanthropic efforts, will support Otis student scholarships, art and design curriculum and facility enhancement. “We see this financial contribution as an investment in the future,” stated Stockton. “While some companies currently hold back their charitable giving, Mattel feels
strongly about investing now in the next generation of creative leaders, in the health of our economy, in the strength of our communities, and in innovations in the art and design industry.”
The Mattel gift announcement and presentation was made during the College’s annual “Otis Report on the Creative Economy of the Los Angeles Region,” an event that delivers data and analysis provided by Los Angeles County Economic Development Corporation (LAEDC).
Commissioned by Otis College, the 2009 report includes new findings on the state of creativity in business and the workplace, and is titled “Unleashing L.A.’s Creative Potential.” More than 300 people attended the speaker/panel discussion program held at the Omni Hotel.
The Mattel/Otis Partnership began more than 20 years ago when Otis relocated its campus from mid-town Los Angeles to Westchester, close to Mattel Corporate Headquarters in El Segundo. Since then, Mattel has contributed hundreds of thousands of dollars to support the College
through classroom collaborations in Toy Design and Fashion Design, sponsorship of the annual Scholarship Benefit and Fashion Show, and funding for student visits to Hong Kong toy manufacturers.Currently, Mattel is the #1 employer of Otis graduates.
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