Verizon Foundation Awards $3.3 Million in Scholarships

The Verizon Foundation, the philanthropic arm of Verizon Communications, has announced $3.3 million in college scholarships to 675 students who are children and dependents of the company's employees.

Awarded in partnership with Scholarship America, four-year scholarships of $20,000 were given to students who plan to attend an accredited four-year institution in the fall. Recipients were chosen based on financial need, academic achievement, and extracurricular activities. Since 2001, the scholarship program has awarded more than $39 million to support the college education of children and dependents of Verizon employees, benefitting more than 2,200 students.

"Education is a key issue for Verizon and our communities," said Verizon Foundation president Patrick Gaston. "Through this scholarship program, Verizon provides a tremendous benefit to our Verizon employees, while also making a significant investment in the development of future leaders."

For a list of this year's scholarship recipients, visit the Verizon Foundation Web site.

"675 Students to Share in More Than $3.3 Million in Verizon Scholarships." Verizon Foundation Press Release 06/10/2010.