The New York City-based Verizon Foundation is committed to "venture philanthropy" — which it defines as investing in the development of capacity infrastructure to create new leadership models for the communities it serves. The foundation invests in more than 12,000 nonprofit organizations a year based on strategic partnerships and innovative technology programs, and its partners include organizations that support education and literacy, health and human services, and community technology development. In addition, the foundation promotes partnerships in technology with organizations serving the needs of diverse communities, people with disabilities, and the economically and socially disadvantaged.
Purpose of Site:
To disseminate information about the foundation's programs, history, and resources for grantseekers.
The Verizon Foundation serves the nonprofit community on behalf of Verizon Communications, the fast-growing telecommunications concern. In 2001, the foundation plans to invest $70 million nationwide in the communities it serves, making it one of the ten largest corporate foundations in the U.S.
The home page (http://foundation.verizon.com/) of the foundation's award-winning site greets visitors with a language option — English or Spanish — and a handful of helpful tools: a 501(c)(3)/NCES ID finder, which can be used to determine whether your school or organization is eligible to receive grants from the foundation; an online eligibility quiz; a site-wide search engine; and links to the foundation's eTraining and eGrants initiatives.
The Verizon Foundation was the first and is still one of the few large foundations to accept grant applications online. Before submitting an application for one of the four types of grants — e-Solutions, in-kind, volunteer, or cash — the foundation makes, an organization must meet the following criteria: 1) it must be tax-exempt under section 501(c)(3) of the Internal Revenue Service Tax Code or a public school registered with the National Center for Education Statistics; 2) it must be based and serve communities in the areas where Verizon currently offers telecommunications services in the U.S; and 3) it should have reviewed the foundation's guidelines, answers to frequently asked questions, and eligibility quiz.
The foundation has launched two programs to help nonprofits integrate information technologies into their day-to-day operations. Through its E-Solutions program, the foundation provides a full menu of innovative technology training, including an online Needs Analysis Tool (in areas such as technology assessment and planning, local area networks, and Web site development) to nonprofits nationwide. And eGrants — cash awards of $240 — are provided to smaller nonprofits (those with an annual budget under $500,000) to help them get connected to the Internet. To qualify for an eGrant, an organization must be a 501(c)(3) and be served by Verizon Communications.