More than 500 children and dependants of Verizon employees will each receive scholarships of at least $5,000 from the Verizon Foundation, the philanthropic arm of Verizon, for the 2011-2012 school year.
The scholarships are for incoming freshman and students continuing their education at an accredited four-year institution in the fall. Each scholarship is renewable for a maximum of three years and has a total value of $20,000. For the 2011-2012 academic year, the Verizon Foundation will provide a total of more than $2.64 million for the scholarships. One hundred scholarships are for incoming freshman, and 430 are for continuing support for previous winners.
Since 2001, the scholarship program has invested more than $42.3 million toward the college education of children and dependents of Verizon employees, benefitting 2,353 students. "Education is a key issue for Verizon and for our communities," said Rose Stuckey Kirk, Verizon Foundation president. "As a technology company, we know the value of education and are proud to support our future leaders through this scholarship program."
The Verizon Foundation awards the scholarships in partnership with Scholarship America, the nation's largest nonprofit, private sector scholarship and educational support organization, which was founded in 1958.
A list of the Verizon scholars for 2011 is available on the Verizon Foundation website at: http://www.verizonfoundation.org/about/press/scholstudents11.shtml.
The Verizon Foundation uses its technology, financial resources and partnerships to address critical social issues, with a focus on education and domestic violence prevention. In 2010, the foundation awarded nearly $67 million to nonprofit agencies in the U.S. and abroad. Through Verizon Volunteers, one of the nation's largest employee volunteer programs, Verizon employees and retirees have volunteered nearly 6 million hours of community service since 2000. For more information on the foundation, visit www.verizonfoundation.org.
Verizon Communications Inc. (NYSE, NASDAQ:VZ), headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, with more than 104 million total connections nationwide. Verizon also provides converged communications, information and entertainment services over America's most advanced fiber-optic network, and delivers seamless business solutions to customers around the world. A Dow 30 company, Verizon employs a diverse workforce of more than 196,000 and last year generated consolidated revenues of $106.6 billion. For more information, visit www.verizon.com.