Grant Details

Verizon Foundation Grants

 
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    CFDA#

    None
     

    Funder Type

    Corporate Foundation

    IT Classification

    B - Readily funds technology as part of an award

    Authority

    Verizon Foundation

    Summary

    The mission of the Verizon Foundation is to solve critical issues in the areas of:
    • Education - STEM education for K-12 youth,
    • Domestic Violence Education and Prevention
    • Healthcare - for women, children, and seniors;
    • Technology Management - Energy Management
    • Literacy; and
    • Internet Safety Grants
    For education grants, Verizon Foundation funding is intended to support, among other things, projects that promote Science, Technology, Engineering and Math (STEM”), including, for example, summer or after school programs, teacher training, and research on improving learning in STEM areas through use of technology. However, public, charter, and private K-12 schools, as well as libraries, may not use Foundation grant funding to purchase technology hardware (computers, netbooks, laptops, routers), devices (tablets, phones), data or Internet service and access. Any applications that do not meet these guidelines will require detailed justification and involve an exception approval to be considered.
     
     

    History of Funding

    In 2019, Verizon employees donated $7.8 million to schools and nonprofits and the Verizon Foundation provided matching gifts of $8.4 million.

    Additional Information

    Grant applications are by invitation only. Applicants shouild contact their local community relations manager to see whether they are eligible to apply.

    The Verizon Foundation may refuse funding for any of the following:
    • Individuals
    • Private charity or foundation
    • Organizations not exempt under Section 501(c)(3) of the Internal Revenue Code, and not eligible for tax-deductible support
    • Religious organizations, unless the particular program will benefit a large portion of a community without regard to religious affiliation
    • Political causes, candidates, organizations or campaigns
    • Organizations whose primary purpose is to influence legislation
    • Endowments or capital campaigns
    • Sports events that lack a charitable purpose
    • Performing arts tours
    • Trade association memberships
    • Organizations that have received a grant from the Verizon Foundation in the last three consecutive years - organization may reapply after a one-year hiatus
    • Organizations where the founder of the charitable organization is an employee or retired employee of Verizon
    • Organizations where a member of a Verizon employee's or retired employee's family or someone who shares a close personal relationship with an employee or retired employee will receive any direct or indirect financial benefit as a result of the Verizon Foundation grant
    • Organizations where a member of a Verizon employee's or retired employee's family or someone who shares a close personal relationship with an employee or retired employee is a founder or employee
    Due to federal regulations the funder cannot give cash grants intended for the payment of Verizon products or services.

    Contacts

    Verizon Foundation Staff

    Verizon Foundation Staff
    One Verizon Way
    Basking Ridge, NJ 07920
    (800) 360-7955
    (908) 630-2660
     

  • Eligibility Details

    To be considered for an invitation, an organization must be: Classified by the Internal Revenue Service as a tax-exempt charity under section 501(c)(3) of the Internal Revenue Code and are further classified as a public charity under section 509(a)(1)-509(a)(3) of the Internal Revenue Code. This includes - 

    Section 509(a)(1) Organizations described in section 170(b)(1)(A) clauses (i) – (vi):

    • 170(b)(1)(A)(i) - Church, provided that the grant will benefit a large portion of a community without regard to religious affiliation and does not duplicate the work of other agencies in the community.
    • 170(b)(1)(A)(ii) – School.
    • 170(b)(1)(A)(iii) - Hospital or medical research organization.
    • 170(b)(1)(A)(iv) - Organization which operates for benefit of college or university and is owned or operated by a governmental unit.
    • 170(b)(1)(A)(v) - Governmental unit.
    • 170(b)(1)(A)(vi) - Organization which receives a substantial part of its support from a governmental unit or the general public.

    Section 509(a)(2) Organizations that normally receive no more than one-third of its support from gross investment income and unrelated business income and at the same time more than one-third of its support from contributions, fees, and gross receipts related to exempt purposes.

    Section 509(a)(3)

    • Type I, II, or III functionally integrated – Organizations operated solely for the benefit of and in conjunction with organizations described in the previous seven items.  509(a)(3) organizations that are not designated as an approved type are not eligible.
    • An elementary or secondary school (public or private) registered with the National Center for Education Statistics (NCES).

    Deadline Details

    Applications are accepted throughout the year. Initial approach should be with a Letter of Intent. Applications can be submitted by invitation only.

    Award Details

    Award amounts vary based on scope and size of projects. Organizations compiling a budget should take into consideration the following guidelines:
    • Grant funds may not be used for real property or plant capital purchases.
    • At least 85% of the total grant funds must be composed of direct costs (costs that are directly attributable to the project.)
    • Accordingly, indirect costs must be no more than 10-15% of the total grant funds.
    • IT-infrastructure related purchases, such as computer hardware, software, data or networks, should total no more than 20 percent of the grant's total direct costs.

    Related Webcasts Use the links below to view the recorded playback of these webcasts


    • Funding Classroom Technology to Empower Students and Teachers - Sponsored by Panasonic - Playback Available
    • Maximizing Technology-friendly Workforce Development Grants - Sponsored by Panasonic - Playback Available
    • Funding Data-driven Workforce Development Projects - Sponsored by NetApp - Playback Available

 

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