Verizon Foundation commits an additional $4 Million to support long term relief efforts for Puerto Rico and U.S. Virgin Islands as Hurricane Maria recovery continues

NEW YORK, Sept. 29, 2017 /PRNewswire/ -- Verizon Chairman & CEO Lowell McAdam today announced the company is quintupling its support for the residents of Puerto Rico and the U.S. Virgin Islands, to a total of $5 Million, as the magnitude of recovery and relief efforts has become more clear.

"We have a strong connection to Puerto Rico and the U.S. Virgin Islands through our customers and employees," McAdam said. "And while we don't offer direct service to the Caribbean, we are working with federal agencies and our roaming partners to provide additional assistance during this crisis."

The company previously announced a $1 Million pledge to fund Hurricane Maria relief efforts.  Those funds are supporting immediate relief efforts of the American Red Cross and World Vision. Organizations that will receive the additional $4 Million announced will be named as the Verizon Foundation and local authorities identify organizations that can provide significant long-term recovery assistance.

Providing additional financial support to residents of Puerto Rico and the U.S. Virgin Islands, Verizon is matching employees' contributions, dollar-for-dollar, to select hurricane relief-focused organizations. 

Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York City, has a diverse workforce of 163,400 and generated nearly $126 billion in 2016 revenues. Verizon operates America's most reliable wireless network and the nation's premier all-fiber network, and delivers integrated solutions to businesses worldwide. Its Oath subsidiary houses more than 50 media and technology brands that engage about 1 billion people around the world.

VERIZON'S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at www.verizon.com/about/news/. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

Related Links

http://www.verizon.com/  
https://www.verizonwireless.com/  
http://www.verizonenterprise.com/  
http://www.verizon.com/about/

Media contact:
Jeffrey Nelson
908.559.7519 
jeffrey.nelson@verizon.com 
Twitter: @JNels

Albert Aydin
908.559.7513
Albert.Aydin@VerizonWireless.com 
Twitter: @albertaydin

View original content with multimedia:http://www.prnewswire.com/news-releases/verizon-foundation-commits-an-additional-4-million-to-support-long-term-relief-efforts-for-puerto-rico-and-us-virgin-islands-as-hurricane-maria-recovery-continues-300528585.html

SOURCE Verizon