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Verizon Foundation donates $1 Million towards Southern California wildfire and windstorm relief efforts

1. Verizon Foundation donates $1 million for wildfire relief efforts. 2. Half of funds support American Red Cross emergency relief in LA. 3. Remaining funds bolster LA Fire Department's firefighting tools and safety gear. 4. Verizon emphasizes community support amid devastating wildfires and windstorms. 5. Verizon's contributions reflect its commitment to corporate social responsibility.

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FAQ

Why Bullish?

Verizon's philanthropic efforts enhance brand image and community relations, potentially boosting customer loyalty.

How important is it?

Strong community support initiatives can direct positive investor sentiment, impacting stock performance.

Why Short Term?

Immediate impact on public perception with potential short-term positive sentiment on stock.

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VZ
Funding supports the American Red Cross and the Los Angeles Fire Department Foundation January 10, 2025 10:35 ET  | Source: Verizon Communications, Inc. NEW YORK, Jan. 10, 2025 (GLOBE NEWSWIRE) -- The Verizon Foundation is stepping up to support communities devastated by the Southern California fires and windstorms with a total of $1 million in donations. The contributions aim to provide much-needed aid and resources to support firefighters and the community. The donations include $500K to the American Red Cross and $500K to the Los Angeles Fire Department Foundation (LAFD). The American Red Cross donation will support emergency relief efforts in the LA area. The LA Fire Department Foundation donation will help cover the costs of essential tools and safety equipment for LAFD firefighters, including hydration backpacks, wildland brush tools and emergency fire shelters. “The fires and windstorms are absolutely devastating, and Verizon Foundation is stepping up immediately to ensure support reaches those who are in such urgent need,” said Donna Epps, Verizon’s Chief Responsible Business Officer. “The Verizon Foundation is supporting the American Red Cross and the Los Angeles Fire Department Foundation as they provide relief for communities to contain the fire and keep people safe.” “The American Red Cross is on the ground helping those impacted by the devastating wildfires in California,” said Anne McKeough, chief development officer at the American Red Cross. “We are so grateful for partners like the Verizon Foundation as we work together to provide relief and hope for communities in the wake of this heartbreaking disaster.” “Our LAFD firefighters continue risking their own safety to defend our communities as the Palisades Fire rages on,” said LAFD Foundation President Liz Lin. “We must do everything we can to ensure they have the tools and equipment they need to protect homes and lives. We cannot thank Verizon enough for this incredible support.” Media contactsHope Armanushope.arcuri.armanus@verizon.com Alexis Madrigal alexis.madrigal@verizon.com

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