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Corporate responsibility

The Verizon Foundation is the philanthropic arm of Verizon Communications, donating about $70 million per year to nonprofit organizations, with a focus on education, domestic violence prevention, and energy management.[1][2] As of September 2014, the Foundation Center ranked the Verizon Foundation as the 16th largest corporate foundation by total giving.[3] Between 2000 and 2012, it awarded a total of more than half a billion dollars in grants[4] to over 50,000 nonprofits.[5] Verizon has been involved in a number of education initiatives, especially related to STEM fields,[4] including: a national competition for students to develop mobile application concepts;[4] the Verizon Innovative Learning Schools program, providing professional development for teachers in underserved areas;[6] and pledging $100 million in cash and in-kind services as part of President Obama's ConnectED program to provide students with wireless service, software, and electronic devices.[7] The company also runs HopeLine, which provides used mobile phones to victims of domestic violence,[8] and a program that offers grants for victims of domestic violence to start or grow home-based businesses.[9] As of October 2014, HopeLine had given over $21 million to organizations in the U.S. and approximately 180,000 devices to victims.[10] As part of an initiative to reduce the company's carbon intensity metrics by 50 percent by 2020,[11] Verizon announced planned investment of $100 million in 2013,[12] and a further $40 million in 2014 to install solar panels and natural gas fuel cells at its facilities.[11] The increased capacity would make Verizon the leading solar power producer among U.S. communications companies.[11]

References

  1. ^ Erin Killian (February 25, 2008). "Verizon Foundation to give $1M to literacy program". Washington Business Journal. Retrieved September 22, 2014.
  2. ^ "The Verizon Foundation". verizon.com. Verizon Communications. Retrieved October 1, 2014.
  3. ^ "Top Funders". foundationcenter.org. Retrieved October 6, 2014.
  4. ^ a b c "Verizon Foundation Launches Education Initiative to Strengthen Student Learning in Science, Technology, Engineering and Math through Mobile Technology". Journal of Technology. October 30, 2012. Retrieved September 22, 2014.
  5. ^ "Verizon Foundation Grants for Disease (Treatment)". Inside Philanthropy. Retrieved October 6, 2014.
  6. ^ "After Achieving Early Success, Innovative Program That Helps Teachers Use Mobile Technology to Improve Student Learning Expands to 12 More Schools". Journal of Engineering. July 10, 2013. Retrieved September 26, 2014.
  7. ^ Kristal Lauren High (May 3, 2014). "Verizon Foundation: Incubating New Social Solutions & Getting Kids ConnectEd". Politic365. Retrieved September 23, 2014.
  8. ^ Alisa Reznick (April 19, 2013). "Donate your old phone, support domestic violence aid with Verizon's HopeLine". GeekWire. Retrieved September 22, 2014.
  9. ^ "Verizon Launches Entrepreneurship Training Program to Help Domestic Violence Survivors Become Small Business Owners". Education Letter. March 14, 2012. Retrieved September 22, 2014.
  10. ^ Katie Delong (October 7, 2014). "Verizon presents grant to "End Domestic Abuse WI," Packers collecting no-longer-used wireless phones". FOX 6Now. Retrieved October 10, 2014.
  11. ^ a b c Lucas Mearian (August 26, 2014). "Verizon to become solar-power leader in the U.S. telecom industry". Computer World. Retrieved October 5, 2014.
  12. ^ Katie Fehrenbacher (April 30, 2013). "Verizon to spend $100M on solar panels, fuel cells for facilities". GigaOm. Retrieved October 1, 2014.

References

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