Verizon Communications has created a fund that will total $25 million and support community and educational programs serving low-income, minority, ethnic and other underserved communities in California.
The new Community Collaborative Fund will have an independent administrator to oversee its grant-making.
The company has paid the first installment of $2.5 million to the fund’s independent administrator, the California Consumer Protection Foundation.
The administrator was selected by Verizon and a partnership of 25 advocacy groups.
GTE and Bell Atlantic agreed when they merged in 2000 to create the fund to share the merger savings with Californians.
For information, contact the foundation at 707-829-5626.