This is a Hallmark Heirloom Santa Collection figurine titled "A Joyous Christmas".
The figurine depicts Santa Claus holding a staff and a lantern while carrying a sack over his shoulder.
It was released in 1990 and sculpted by artist Peter Dutkin II.
The item is individually cast and hand-painted, made of resin material.
It stands approximately 6 inches (15.24 cm) tall.