Name: Verizon Foundation
Address: 1 Verizon Way, Basking Ridge, NJ 07920-1025
Foundation status: Company-sponsored foundation
Asset Amount: $65,462,164
Gifts Received: $54,894,347
Qualifying Distributions: $46,262,555
Giving Activities Include: $37,569,790 for grants
Purpose and Activities: The foundation supports programs designed to promote literacy and STEM education for K-12 youth and and domestic violence education and prevention for youth, women, and older adults. Special emphasis is directed toward serving underserved communities.
Background: Established in 1985 in NY
Program Areas (7):
Disaster Relief Incentive Program (DRIP)
The foundation matches contributions made by employees of Verizon to disaster relief organizations for natural disasters including floods, hurricanes, fires, and other extraordinary human disaster events on a one-for-one basis up to $1,000 per employee, per year. This program is activated in times of natural disaster and other events.
Matching Incentive Program (MIP)
The foundation matches contributions made by employees and retirees of Verizon to nonprofit organizations involved with arts and culture, education, the environment, health, and human services on a one-for-one basis from $25 to $1,000 per employee, per year and to institutions of higher education from $25 to $5,000 per employee or retiree, per year.
Team Fundraising Program
The foundation matches funds raised by teams of 10 or more eligible employees for nonprofit organizations involved with education, healthcare, and sustainability, up to $10,000 per team, per event.
Verizon Innovative Learning
The foundation, in collaboration with engineers, educators and curriculum designers, provides free technology, access, and curriculum to under-served middle schoolers across the nation with emphasis on STEM (science, technology, engineering and math) instruction, exposure to emerging technologies, and bridging the digital divide.
Verizon Mobile Learning Academy
The foundation, in partnership with the International Society for Technology in Education (ISTE) and the John Hopkins University’s Center for Technology and Education, provides a free 10-week course for select K-12 schools that are committed to reshaping education. The program includes an individual workload of about 2.5 hours per week over 10 weeks; completion of at least eight group assignments, including a capstone project; and
active participation in the VMLA Google+ community. Visit https://id.iste.org/resources/verizon-mobile-learning-academy for more information.
Verizon Scholarship Program
The foundation annually awards up to 250 four-year $5,000 college scholarships to high school seniors who are children of employees of Verizon. The program is administered by Scholarship America, Inc.
Volunteer Incentive Program (VIP)
The foundation awards $750 grants to nonprofit organizations with which employees of Verizon volunteer 50 hours or more.
SUBJECTS: Applications software, Arts and culture, Asthma, Basic and emergency aid, Child welfare, Christianity, Computer science, Diabetes, Disaster relief, Diseases and conditions, Domestic violence, Domestic violence shelters, Domesticated animals, E-learning, Education, Education services, Elementary and secondary education, Health, Higher education, Human services, Inpatient medical care, Middle school education, Mobile communications, Parent education, Preventive care, Public libraries, Reading promotion, Science, Shelter and residential care, Special population support, Sports, STEM education, Technology, University education, Youth development
GEOGRAPHIC FOCUS: National, New Jersey, Virginia, New York, California, Minnesota, Massachusetts, India, Israel, Pennsylvania, Texas
POPULATION GROUPS: Academics, Children, Children and youth, Economically disadvantaged people, Girls, Low-income people, Seniors, Students, Women and
SUPPORT STRATEGIES: Capital and infrastructure, Curriculum development, Equipment, Financial sustainability, Fundraising, General support, Information and Referral, Program support, Regranting, Research, Research and evaluation, Scholarships, Sponsorships, Technical assistance
TRANSACTION TYPES: Cash grants, Employee matching gifts, Employee volunteer services, Grants to individuals
ORGANIZATION TYPES: Company-sponsored foundation
Grant applications are by invitation only. Prospective applicants should contact a local community relations manager to inquire about eligibility
Application form not required.
Initial Approach: Contact local community relations manager via email
Board meeting date(s): Annually
Giving on a national basis, with emphasis on CA, MA, MN, NJ, NY, and VA.
No support for private charities or foundations, religious organizations not of direct benefit to the entire community, religious organizations duplicating the work of other organizations in the same community, political candidates or organizations, discriminatory organizations, or lobbying organizations.
No grants to individuals (except for employee-related scholarships), or for political causes or campaigns, endowments or capital campaigns, sports sponsorships, film, music, television, video, or media production or broadcast underwriting, research studies (unless related to projects already being supported by Verizon), performing arts tours, trade association memberships, or field trips for secondary or elementary schools; no product